Document:

Exhibit 10.25

                            PATENT PURCHASE AGREEMENT

        This PATENT PURCHASE AGREEMENT (this "Agreement") is entered into on
March 22, 2006 (the "Effective Date") by and between Sunshine Data Ventures LLC,
a Nevada limited liability company, ("Purchaser"), and Notify Technology
Corporation a California corporation, with an office at 1054 S. DeAnza Blvd.
Suite 105 San Jose, CA 95129 ("Seller"). The parties hereby agree as follows:

1.      BACKGROUND

1.1     Seller owns certain United States Letters Patents and/or applications
        for United States Letters Patents and/or related foreign patents and
        applications.

1.2     Seller wishes to sell to Purchaser all right, title and interest in such
        patents and applications and the causes of action to sue for
        infringement thereof and other enforcement rights.

1.3     Purchaser wishes to purchase from Seller all right, title and interest
        in the Assigned Patent Rights (defined below), free and clear of any
        restrictions, liens, claims, and encumbrances.

2.      DEFINITIONS

"Assigned Patent Rights" means Patents and the additional rights set fourth in
paragraph 4.2.

"Assignment Agreements" means the agreements assigning ownership of the Patents
from the inventors and/or prior owners to Seller.

"Docket" means Seller's, or its agents', list or other means of tracking
information relating to the prosecution or maintenance of the Patents throughout
the world, including information relating to deadlines, payments, and filings,
which is current as of the Effective Date.

"Executed Assignment" means an executed original of the Assignment of Patent
Rights in Exhibit B.

"List of Prosecution Counsel" means the names and addresses of prosecution
counsel who prosecuted the Patents and who are currently handling the Patents.

"Patents" means (i) each of the provisional patent applications, patent
applications and patents listed on Exhibits A and B (as such lists may be
updated based on Purchaser's review of the Deliverables) hereto, (ii) all
patents or patent applications to which any of the foregoing claim priority, and
(iii) all reissues, reexaminations, extensions, continuations, continuations in
part, continuing prosecution applications, and divisions of such patents and
applications; and (iv) foreign counterparts to any of the foregoing, including
certificates of invention, utility models, industrial design protection, design
patent protection, and other governmental grants, and (v) any of the foregoing
in (ii)-(iv) whether or not expressly listed in Exhibit A and whether or not
abandoned, rejected, or the like.

"Unlimited Warranties" means, collectively, the representations and warranties
of Seller set forth in paragraphs 6.1, 6.2, 6.3, and 6.4 hereof.

<PAGE>

3.      TRANSMITTAL, REVIEW, CLOSING CONDITIONS AND PAYMENT.

3.1     Transmittal. Within twenty (20) calendar days following the Effective
        -----------
        Date, Seller shall send to Purchaser the Assignment Agreements, the list
        of Prosecution Counsel, fee Docket, and all files and original documents
        (including, Letters Patents, assignments, and other documents necessary
        to establish that the Seller's representations and warranties of Section
        6 are true and correct) relating to the Patents, including all
        prosecution files for pending patent applications included in the
        Patents, and all files relating to the issued Patents ("Initial
        Deliverables"). Seller acknowledges that Purchaser may request
        additional documents based on Purchaser's review of the Initial
        Deliverables (such additional documents and the Initial Deliverables,
        collectively, the "Deliverables"), and that as a result of Purchaser's
        review, the amount of payment and the assets listed in Exhibits A and B
        may be revised.

3.2     Closing. The closing of the sale of the Assigned Patent Rights hereunder
        -------
        will occur when all conditions set forth in paragraph 3.3 have been
        satisfied or waived (the "Closing"), Purchaser and Seller shall use
        reasonable efforts to carry out the Closing within thirty (30) calendar
        days following receipt of the last received Deliverables.

3.3     Closing Conditions. The following are conditions precedent to
        ------------------
        Purchaser's obligation to make we payment in paragraph 3.4.

        (a)     Transmittal of Documents. Seller shall have delivered to
                ------------------------
                Purchaser all the Deliverables and the Executed Assignment.

        (b)     Compliance With Agreement. Seller shall have performed and
                -------------------------
                complied in all respects with all of the obligations under this
                Agreement that are to be performed or complied with by it on or
                prior to the Closing.

        (c)     Representations and Warranties True. Purchaser shall be
                -----------------------------------
                reasonably satisfied that, as of the Closing, the
                representations and warranties of Seller contained in Section 6
                hereof are true and correct.

3.4     Payment. At Closing, Purchaser shall pay to Seller the amount of Two
        -------
        Hundred and Fifty Thousand dollars ($250,000.00). Purchaser may record
        the Executed Assignment with the United States Patent and Trademark
        Office only upon Closing.

3.5     Termination and Survival. In the event all conditions to Closing set
        ------------------------
        forth in Section 3.3 are not met within ninety (90) days following the
        Effective Date, Purchaser shall have the right to terminate this
        agreement by written notice to Seller. Upon termination, Purchaser will
        return all documents delivered to Purchaser under this Section 3 to
        Seller. The provisions of paragraphs 8.4, 8.6, and 8.8 will survive any
        termination.

4.      TRANSFER OF PATENTS AND ADDITIONAL RIGHTS

4.1     Assignment of Patents. Upon the Closing, Seller hereby sells, assigns,
        ---------------------
        transfers and conveys to Purchaser all right, title and interest in and
        to the Patents and the Patent Rights (as defined in Exhibit B). Seller
        understands and acknowledges that if any of the Patents are assigned to
        Seller's affiliates or subsidiaries, prior to Closing, Seller may be
        required to perform certain actions to establish that Seller is the
        assignee and to record such assignments.

4.2     Assignment of Additional Rights. Upon the Closing, Seller hereby also
        -------------------------------
        sells, assigns, transfers and conveys to Purchaser all right, title and
        interest in and to

                                     Page 2
<PAGE>

        (a)     inventions and discoveries described in any of the Patents;

        (b)     rights to apply in any or all countries of the world for
                patents, certificates of invention, utility models, industrial
                design protections, design patent protections, or other
                governmental grants of any type related to any of the Patents
                and the inventions and discoveries therein;

        (c)     causes of action (whether currently pending, filed, or
                otherwise) and other enforcement rights, including, without
                limitation, all rights under the Patents and/or under or on
                account of any of the Patents and the foregoing category (b) to
                (i) damages, (ii) injunctive relief, and (iii) any other
                remedies of any kind for past, current and future infringement;
                and

        (d)     rights to collect royalties or other payments under or on
                account of any of the Patents or any of the foregoing.

5.      ADDITIONAL OBLIGATIONS

5.1     Further Cooperation.
        -------------------

        (a)     At the reasonable request of Purchaser, Seller shall execute and
                deliver such other instruments and do and perform such other
                acts and things as may be necessary or desirable for effecting
                completely the consummation of the transactions contemplated
                hereby, including execution, acknowledgment and recordation of
                other such papers, and using commercially reasonable efforts to
                obtain the same from the respective inventors, as necessary or
                desirable for fully perfecting and conveying unto Purchaser the
                benefit of the transactions contemplated hereby. In addition,
                Seller will continue to prosecute the Patents at its expense
                until the Closing.

        (b)     Seller shall also, at the reasonable request of Purchaser,
                assist Purchaser in asserting claims under the Patents, and/or
                enforcing the causes of action assigned under paragraph 4.2.
                Such assistance shall include providing, and obtaining, from the
                respective inventors, prompt production of pertinent facts and
                documents, giving of testimony, execution of petitions, oaths,
                powers of attorney, specifications, declarations or other papers
                and other assistance reasonably necessary for filing patent
                applications, infringement, enforcement or other actions and
                proceedings respect to the claims under the Patents.
                Notwithstanding the no-demand-for-consideration clause in the
                Executed Assignment, Purchaser shall compensate Seller for any
                reasonable, documented disbursements and time incurred in,
                connection with providing assistance under this subparagraph
                5.1(b) in connection with any enforcement or other infringement
                action regarding the Patents, under a standard billable hourly
                rate of Seller; provided that Seller shall provide Purchaser
                with an advance, written estimate of the fees and costs for such
                assistance and Purchaser shall have agreed in writing to pay
                such fees and costs. This subparagraph 5.1 (b) shall control to
                the extent of any conflicting language regarding compensation in
                the second to last paragraph of the Executed Assignment.

                                     Page 3
<PAGE>

5.2     Payment of Fees. Seller shall pay any maintenance fees, annuities, and
        ---------------
        the like due or payable on the Patents until the Closing. For the
        avoidance of doubt, Seller shall pay any maintenance fees for which the
        fee payment window opens on or prior to the Closing even if the
        surcharge date would be after the Closing.

6.      REPRESENTATIONS AND WARRANTIES OF SELLER

Seller hereby represents and warrants to Purchaser as follows that, as of the
Effective Date and as of the Closing:

6.1     Authority. Seller has the full power and authority, and has obtained all
        ---------
        third party consents, approvals and/or other authorizations required, to
        enter into this Agreement and to carry out its obligations hereunder,
        including, without limitation, the assignment of the Assigned Patent
        Rights to Purchaser.

6.2     Title and Contest. Seller owns all right, title, and interest to the
        -----------------
        Assigned Patent Rights, including all right, title, and interest to sue
        for infringement of the Patents. Seller has obtained and properly
        recorded previously executed assignments for the Assigned Patent Rights
        as necessary to fully perfect its rights and title therein in accordance
        with governing law and regulations in each respective jurisdiction. The
        Assigned Patent Rights are free and clear of all liens, claims,
        mortgages, security interests or other encumbrances, and restrictions.
        There are no actions, suits, investigations, claims or proceedings
        threatened, pending or in progress relating in any way to the Assigned
        Patent Rights. There are no existing contracts, agreements, options,
        commitments, proposals, bids, offers, or rights with, to, or in any
        person to acquire any of the Assigned Patent Rights, except for the
        licenses listed in Exhibit C, each of which is nontransferable and
        nonsublicensable, except as noted on such Exhibit, and nonexclusive.

6.3     Existing Licenses. No licenses under the Patents, or interest or rights
        -----------------
        in any of the Assigned Patent Rights, have been granted or retained,
        except for the licenses listed in Exhibit C, each of which is
        nontransferable (except that the patent rights granted under the Uniden
        License Agreement described on Exhibit C may be transferred to the
        successor to the entire business of Uniden America Corporation),
        nonsublicensable, and nonexclusive.

6.4     Restrictions on Rights. Purchaser shall not be subject to any covenant
        ----------------------
        not to sue or similar restrictions on its enforcement or enjoyment of
        the Assigned Patent Rights as a result of any prior transaction related
        to the Assigned Patent Rights.

6.5     Conduct. Seller or its agents or representatives are not aware of any
        -------
        conduct, or aware to having omitted to perform any necessary act, the
        result of which would invalidate any of the Patents or hinder their
        enforcement, including, without limitation, misrepresenting Seller's
        patent rights to a standard-setting organization.

6.6     Enforcement. Seller has not put a third party on notice of actual or
        -----------
        potential infringernent of any of the Patents. Seller has not invited
        any third party to enter into a license under any of the Patents. Seller
        has not initiated any enforcement action with respect to any of the
        Patents.

                                     Page 4
<PAGE>

6.7     Patent Office Proceedings. None of the Patents has been or is currently
        -------------------------
        involved in any reexamination, reissue, interference proceeding, or any
        similar proceeding, and no such proceedings are pending or threatened.

6.8     Fees. All maintenance fees, annuities, and the like due or payable on
        ----
        the Patents have been timely paid. For the avoidance of doubt, such
        timely payment includes payment of maintenance fees for which the fee
        payment window has opened even if the surcharge date is in the future.

6.9     Validity and Enforceability. The Patents have never been found invalid
        ---------------------------
        or unenforceable for any reason in any administrative, arbitration,
        judicial or other proceeding, and Seller does not know of and has not
        received any notice or information of any kind from any source
        suggesting that the Patents may be invalid or unenforceable.

7.      REPRESENTATIONS AND WARRANTIES OF PURCHASER

Purchaser hereby represents and warrants to Seller as follows that, as of the
Effective Date and as of the Closing;

7.1     Purchaser is a limited liability company duly formed, validly existing
        and in good standing under the laws of the jurisdiction of its
        formation.

7.2     Purchaser has all requisite power and authority to (i) enter into,
        execute and deliver this Agreement and (ii) perform fully its
        obligations hereunder.

8.      MISCELLANEOUS

8.1     Limitation of Liability. EXCEPT IN THE EVENT OF FRAUD OR BREACH OF ANY
        -----------------------
        UNLIMITED WARRANTY BY SELLER, SELLER'S TOTAL LIABILITY UNDER THIS
        AGREEMENT SHALL NOT EXCEED THE PURCHASE PRICE SET FORTH IN PARAGRAPH 3.4
        OF THIS AGREEMENT. PURCHASER'S TOTAL LIABILITY UNDER THIS AGREEMENT
        SHALL NOT EXCEED THE PURCHASE PRICE SET FORTH IN PARAGRAPH 3.4 OF THIS
        AGREEMENT, THE PARTIES ACKNOWLEDGE THAT THESE LIMITATIONS ON POTENTIAL
        LIABILITIES WERE AN ESSENTIAL ELEMENT IN SETTING CONSIDERATION UNDER
        THIS AGREEMENT.

8.2     Limitation on Consequential Damages. NEITHER PARTY SHALL HAVE ANY
        -----------------------------------
        OBLIGATION OR LIABILITY (WHETHER IN CONTRACT, WARRANTY, TORT (INCLUDING
        NEGLIGENCE) OR OTHERWISE, AND NOTWITHSTANDING ANY FAULT, NEGLIGENCE
        (WHETHER ACTIVE, PASSIVE OR IMPUTED), REPRESENTATION, STRICT LIABILITY
        OR PRODUCT LIABILITY), FOR COVER OR FOR ANY INCIDENTAL, INDIRECT OR
        CONSEQUENTIAL DAMAGES OR LOSS OF REVENUE, PROFIT, SAVINGS OR BUSINESS
        ARISING FROM OR OTHERWISE RELATED TO THIS AGREEMENT, EVEN IF A PARTY
        OR ITS EMPLOYEES HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

                                     Page 5
<PAGE>

8.3     Compliance With Laws. Notwithstanding anything contained in this
        --------------------
        Agreement to the contrary, the obligations of the parties shall be
        subject to all laws, present and future, of any government having
        jurisdiction over the parties and this transaction, and to orders,
        regulations, directions or requests of any such government.

8.4     Confidentiality of Terms. The parties hereto shall keep the terms and
        ------------------------
        existence of this Agreement and the identities of the parties hereto and
        their affiliates confidential and shall not now or hereafter divulge any
        of this information to any third party except (a) with the prior written
        consent of the other party; (b) as otherwise may be required by law or
        legal process, including in confidence to legal and financial advisors
        in their capacity of advising a party in such matters; (c) during the
        course of litigation, so long as the disclosure of such terms and
        conditions is restricted in the same manner as is the confidential
        information of other litigating parties; (d) in confidence to its legal
        counsel, accountants, banks and financing sources and their advisors
        solely in connection with complying with financial transactions; (e) by
        Purchaser, in order to perfect Purchaser's interest in the Assigned
        Patent Rights with any governmental patent office (including, without
        limitation, recording the Executed Assignment in any governmental patent
        office); or (f) to enforce Purchaser's right, title and interest in and
        to the Assigned Patent Rights; provided that, in (b) through (d) above,
        (i) the disclosing party shall use all legitimate and legal means
        available to minimize the disclosure to third parties, including,
        without limitation, seeking a confidential treatment request or
        protective order whenever appropriate or available; and (ii) the
        disclosing party shall provide the other party with at least ten (10)
        days' prior written notice of such disclosure. Without limiting the
        foregoing, Seller agrees that it will cause its agents involved in this
        transaction to abide by the terms of this paragraph 8.4, including
        ensuring that such agents do not disclose or otherwise publicize the
        existence of this transaction with actual or potential clients in
        marketing materials, or industry conferences.

8.5     Publicity and SEC Reporting. Seller may make one public announcement
        ---------------------------
        contemporaneously with the signing of this Agreement and one public
        announcement contemporaneously with Closing. Both such announcements
        will be substantially of the form set forth in Exhibit D. Seller shall
        submit any such proposed announcement to Purchaser at least five
        business days prior to its making such an announcement for Purchaser's
        review and approval, which approval shall not be unreasonably withheld
        by Purchaser so long as it substantially conforms to Exhibit D. Seller
        will file with the SEC the portion of this Agreement that is necessary
        to be filed with the SEC.

8.6     Governing Law; Venue/Jurisdiction. This Agreement shall be interpreted,
        ---------------------------------
        construed and enforced in all respects in accordance with the laws of
        the State of New York, without reference to its choice of law principles
        to the contrary. Neither party shall commence or prosecute any action,
        suit, proceeding or claim arising under or by reason of this Agreement
        other than in the state or federal courts located in New York. Each
        party hereby irrevocably consents to the jurisdiction and venue of the
        courts identified in the preceding sentence in connection with any
        action, suit, proceeding or claim arising under or by reason of this
        Agreement.

8.7     Notices. All notices given hereunder shall be given in writing (in
        -------
        English or with an English translation), shall refer to Purchaser and to
        this Agreement and shall be: (i) personally delivered, (ii) delivered
        prepaid by an internationally recognized express courier service, or
        (iii) sent postage prepaid registered or certified U.S. mail (return
        receipt requested) to the address specified in writing by each Party to
        the other.

                                     Page 6
<PAGE>

        Notices are deemed given on (a) the date of receipt if delivered
        personally or by express courier (or if delivery refused, the date of
        refusal), or (b) the fifth (5th) calendar day after the date of posting
        if sent by US mail. Notice given in any other manner shall be deemed to
        have been given only if and when received at the address of the person
        to be notified. Either party may from time to time supply its address
        for notices under this Agreement by giving the other party written
        notice of such change in accordance with this paragraph.

8.8     Relationship of Parties. The parties are independent contractors and not
        -----------------------
        partners, joint venturers, or agents of the other. Neither party assumes
        any liability of or has any authority to bind, or control the activities
        of, the other.

8.9     Equitable Relief. Seller agrees that damages alone would be insufficient
        ----------------
        to compensate Purchaser for a breach of this Agreement, acknowledges
        that irreparable harm would result from a breach of this Agreement, and
        Seller understands that Purchaser will seek entry of an order for
        injunctive relief to prevent a breach or further breach, and that
        Purchaser may also seek entry of an order for specific performance to
        compel performance of any obligations under this Agreement.

8.10    Severability. If any provision of this Agreement is found to be invalid
        ------------
        or unenforceable, then the remainder of this Agreement shall have full
        force and effect, and the invalid provision shall be modified, or
        partially enforced, to the maximum extent permitted to effectuate its
        original objective.

8.11    Waiver. Failure by either party to enforce any term of this Agreement
        ------
        shall not be deemed a waiver of future enforcement of that or any other
        term in this Agreement or any other agreement that may be in place
        between the parties.

8.12    Miscellaneous. This Agreement, including its exhibits, constitutes the
        -------------
        entire agreement between the parties with respect to the subject matter
        hereof, and merges and supersedes all prior and contemporaneous
        agreements, understandings, negotiations and discussions. Neither of the
        parties shall be bound by any conditions, definitions, warranties,
        understandings, or representations with respect to the subject matter
        hereof other than as expressly provided herein. The section headings
        contained in this Agreement are for reference purposes only and shall
        not affect in any way the meaning or interpretation of this Agreement.
        No oral explanation or oral information by either party hereto shall
        alter the meaning or interpretation of this Agreement. No amendments or
        modifications shall be effective unless in writing signed by authorized
        representatives of both parties. These terms and conditions shall
        prevail notwithstanding any different, conflicting or additional terms
        and conditions that may appear on any purchase order, acknowledgment or
        other writing not expressly incorporated into this Agreement. The
        following exhibits are attached hereto and incorporated herein: Exhibit
        A (entitled "Patents to be Assigned"); Exhibit B (entitled "Assignment
        of Patent Rights"); Exhibit C (entitled "Existing Licenses") and Exhibit
        D (entitled "Press Release")

                                     Page 7
<PAGE>

8.13    Counterparts; Electronic Signature. This Agreement may be executed in
        ----------------------------------
        counterparts, each of which shall be deemed an original, and all of
        which together constitute one and the same instrument. Each party shall
        execute and deliver to the other parties a copy of this Agreement
        bearing its original signature. Prior to such execution and delivery, in
        order to expedite the process of entering into this Agreement, the
        parties acknowledge that Transmitted Copies of this Agreement shall be
        deemed original documents. "Transmitted Copies" means copies that are
        reproduced or transmitted via email of a .pdf file, photocopy, facsimile
        or other process of complete and accurate reproduction and
        transmission.

               THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK

                                     Page 8
<PAGE>

        In witness whereof, the parties have executed this Patent Purchase
Agreement as of the Effective Date.

SELLER:                                   PURCHASER:
-------                                   ---------

NOTIFY TECHNOLOGY CORPORATION             SUNSHINE DATA VENTURES LLC

                                          By:    Jakinda Management LLC

By:     /s/ Paul F. DePond                By:    /s/ Robin A. Painter
        -----------------------                  -------------------------
Name:   Paul F. DePond                    Name:  Robin A. Painter
Title:  Chief Executive Officer           Title: Authorized Representative
Date:   March 15, 2006                    Date:  March 22, 2006

                                     Page 9
<PAGE>

                                                                       Exhibit A

                             PATENTS TO BE ASSIGNED

PATENT OR APPLICATION NO.  COUNTRY  FILING DATE  TITLE AND INVENTOR(S)
-------------------------  -------  -----------  -------------------------------
5825852                    USA      07/24/1996   MULTISENSING
                                                 CIRCUITRY FOR CLASS
                                                 SIGNALS AND STUTTER
                                                 DIAL TONE IN VISUAL
                                                 MESSAGE WAITING
                                                 INDICATOR

                                                 Paul DePond

5559873                    USA      12/14/1994   TELEPHONE PRIVACY
                                                 DEVICE WITH
                                                 CONFERENCE AND
                                                 INDICATOR FEATURES

                                                 Paul DePond

6208731                    USA      10/06/1998   MULTISENSING
                                                 CIRCUITRY FOR CLASS
                                                 SIGNALS AND STUTTER
                                                 DIAL TONE IN VISUAL
                                                 MESSAGE WAITING
                                                 INDICATOR

                                                 Paul DePond

6317488                    USA      11/09/1999   CALL WAITING-CALLER
                                                 IDENTIFICATION
                                                 NOTIFICATION DEVICE

                                                 Paul DePond

                                     Page l
<PAGE>

                                                                       Exhibit B

                           ASSIGNMENT OF PATENT RIGHTS

        For good and valuable consideration, the receipt of which is hereby
acknowledged, Notify Technology, Corporation a California corporation having
offices at 1054 S. DeAnza Blvd. Suite 105 San Jose, CA 95129 ("Assignor"}, does
hereby sell, assign, transfer and convey unto Sunshine Data Ventures LLC, a
Nevada limited liability company, ("Assignee"), or its designees, all right,
title and interest that exist today and may exist in the future in and to all of
the following (the "Patent Rights"): (a) the provisional patent applications,
patent applications and patents listed below, (b) all patents or patent
applications to which any of the foregoing claim priority, and (c) current or
future rights to (i) provisional patent applications, patent applications, and
patents of any kind relating to any inventions and discoveries described in any
provisional patent applications, patent applications and patents listed below;
(ii) reissues, reexaminations, extensions, continuations, continuations in part,
continuing prosecution applications, and divisions of such patents and
applications; and (iii) foreign counterparts to any of the foregoing, including,
without limitation, certificates of invention, utility models, industrial design
protection, design patent protection, and other governmental grants; (d) the
rights to all inventions and discoveries described in any provisional patent
application, patent application or patent listed below and all other rights
arising out of such inventions and discoveries; (e) rights to apply in any or
all countries of the world for patents, certificates of invention, utility
models, industrial design protections, design patent protections or other
governmental grants of any type related to the any of the foregoing categories
(a), (b), (c) and (d), including, without limitation, under the Paris Convention
for the Protection of Industrial Property, the International Patent Cooperation
Treaty, or any other convention, treaty, agreement or understanding; (f) causes
of action (whether currently pending, filed, or otherwise) and other enforcement
rights, including, without limitation, all rights under the provisional patent
applications, patent applications and patents listed below and/or under or on
account of any of the foregoing categories (b), (c) and/or (d) to

        (i)     damages,

        (ii)    injunctive relief and

        (iii)   other remedies of any kind

for past, current and future infringement; and

(g) all rights to collect royalties and other payments under or on account of
any of the foregoing.

                                     Page l
<PAGE>

                                                                       Exhibit B

PATENT OR APPLICATION NO.  COUNTRY  FILING DATE  TITLE AND INVENTOR(S)
-------------------------  -------  -----------  -------------------------------
5825852                    USA      07/24/1996   MULTISENSING
                                                 CIRCUITRY FOR CLASS
                                                 SIGNALS AND STUTTER
                                                 DIAL TONE IN VISUAL
                                                 MESSAGE WAITING
                                                 INDICATOR

                                                 Paul DePond

5559873                    USA      12/14/1994   TELEPHONE PRIVACY
                                                 DEVICE WITH
                                                 CONFERENCE AND
                                                 INDICATOR FEATURES

                                                 Paul DePond

6208731                    USA      10/06/1998   MULTISENSING
                                                 CIRCUITRY FOR CLASS
                                                 SIGNALS AND STUTTER
                                                 DIAL TONE IN VISUAL
                                                 MESSAGE WAITING
                                                 INDICATOR

                                                 Paul DePond

6317488                    USA      11/09/1999   CALL WAITING-CALLER
                                                 IDENTIFICATION
                                                 NOTIFICATION DEVICE

                                                 Paul DePond

        Assignor represents, warrants and covenants that:

        (1)     Assignor has the full power and authority, and has obtained all
third party consents, approvals and/or other authorizations required, to enter
into this Agreement, make the assignments, and to carry out its obligations
under this Assignment of Patent Rights;

        (2)     Assignor owns all right, title, and interest to the Patent
Rights, including, without limitation, all right, title, and interest to sue for
infringement of the Patent Rights. Assignor has obtained and properly recorded
previously executed assignments for the Patent Rights as necessary to fully
perfect its rights and title therein in accordance with governing law and
regulations in each respective jurisdiction. The Patent Rights are free and
clear of all liens, claims, mortgages, security interests or other encumbrances,
and restrictions. There are no actions, suits, investigations, claims or
proceedings threatened, pending or in progress relating in any way to the Patent
Rights. There are no existing contracts, agreements, options, commitments,
proposals, bids, offers, or rights with, to, or in any person to acquire any of
the Patent Rights.

                                     Page 2
<PAGE>

                                                                       Exhibit B

        Assignor hereby authorizes the respective patent office or governmental
agency in each jurisdiction to issue any and all patents, certificates of
invention, utility models or other governmental grants that may be granted upon
any of the Patents Rights in the name of Assignee, as the assignee to the entire
interest therein.

        Assignor shall, at the reasonable request of Assignee and without
demanding any further consideration therefor, do all things necessary, proper,
or advisable, including without limitation the execution, acknowledgment and
recordation of specific assignments, oaths, declarations and other documents on
a country-by-country basis, to assist Assignee in obtaining, perfecting,
sustaining, and/or enforcing the Patent Rights. Such assistance shall include
providing, and obtaining from the respective inventors, prompt production of
pertinent facts and documents, giving of testimony, execution of petitions,
oaths, powers of attorney, specifications, declarations or other papers and
other assistance reasonably necessary for filing patent applications, complying
with any duty of disclosure, and conducting prosecution, reexamination, reissue,
interference or other priority proceedings, opposition proceedings, cancellation
proceedings, public use proceedings, infringement or other court actions and the
like with respect to the Patent Rights.

        The terms and conditions of this Assignment of Patent Rights shall inure
to the benefit of Assignee, its successors, assigns and other legal
representatives, and shall be binding upon Assignor, its successor, assigns and
other legal representatives.

        IN WITNESS WHEREOF this Assignment of Patent Rights is executed at
San Jose, CA on________________________.

ASSIGNOR

By:
        -----------------------
Name:   Paul F.DePond
Title:  Chief Executive Officer

(Signature MUST be notarized)

STATE OF_________________   )
                            )ss.
COUNTY OF________________   )

        On____________________, before me,____________________________________,
Notary Public in and for said State, personally appeared ______________________,
personally known to me (or proved to me on the basis of satisfactory evidence)
to be the person whose name is subscribed to the within instrument and
acknowledged to me that he/she executed the same in his/her authorized capacity,
and that by his/her signature on the instrument the person, or the entity upon
behalf of which the person acted, executed the instrument.

        WITNESS my hand and official seal.

        Signature________________________________                (Seal)

                                     Page 3

<PAGE>

                                                                       Exhibit C

                                EXISTING LICENSES

Notify entered into an Visual Message Waiting Indicator License Agreement dated
8/26/98 with Uniden America Corporation, a Delaware corporation ("Uniden"),
having a principal place of business at 4700 Amon Carter Blvd., Fort Worth,
Texas 76155 to use its multi-sense technology in Notify products for a royalty
fee. The Agreement was amended on 4/13/04 granting Uniden and its affiliates an
unlimited non-exclusive license to use our multi-sense technology in their
products for a one time payment. The Visual Message Waiting Indicator License
Agreement as amended through April 13, 2004 is referred to in this Exhibit as
the "Uniden License Agreement".

Purchaser is not assuming any obligation of Notify under the Uniden License
Agreement.

The documentation of the patents involved is not precise but the intent of the
license agreement and the oral negotiation granted Uniden full coverage under
the U.S. Patent Numbers 5,825,852 and 6,208,731 (the "Notify multi-sensing
patents"). The Purchaser hereby acknowledges this disclosure and agrees: (a)
that - notwithstanding the express text of Section 3 of the Visual Message
Waiting Indicator License Agreement dated August 26, 1998 - the Notify
multi-sensing patents will be deemed by Purchaser to be included in the patents
under which rights were granted to Uniden under Section 3 of the Visual Message
Waiting Indicator License Agreement dated August 26, 1998; and (b) not to pursue
Uniden during the term of the Uniden License Agreement for infringement of
claims in the Notify multi-sensing patents to the extent of the license rights
granted to Uniden in the Uniden License Agreement.

                                     Page l

<PAGE>

                                                                       Exhibit D

                              PRESS RELEASE CONTENT

        AFTER EXECUTION BY BOTH PARTIES:

San Jose, CA, March __, 2006 -- Notify Technology Corporation (OTC: NTFY)
announced today that it has signed an agreement to sell selected patents to
Sunshine Data Ventures LLC, for net proceeds of approximately $250,000 subject
to customary closing conditions.

The patents involved are associated with Notify's legacy wireline hardware
product line and are not related to their NotifyLink wireless solution software
product line.

        AT CLOSING:

San Jose, CA, April __, 2006 -- Notify Technology Corporation (OTC: NTFY)
announced today that it has completed the sale of selected patents to Sunshine
Data Ventures LLC, for net proceeds of $250,000.

The patents involved are associated with Notify's legacy wireline hardware
product line and are not related to their NotifyLink wireless solution software
product line.

                                     Page 1Exhibit 10.1

EXECUTION COPY

EMPLOYMENT AGREEMENT BETWEEN
 QCR HOLDINGS, INC.,
 QUAD CITY BANK AND TRUST COMPANY
 AND MICHAEL A. BAUER
 (As Amended and Restated March 21, 2006)

          THIS EMPLOYMENT AGREEMENT (this “Agreement”), dated as of the 21st day of March, 2006 (the “Effective Date”), is between QCR HOLDINGS, INC. (the “Company”) and QUAD CITY BANK AND TRUST COMPANY (the “Bank”) (collectively, the “Employer”), and MICHAEL A. BAUER (the “Employee”).

RECITALS

          WHEREAS, Employee is currently serving as an executive of the Company and the Bank pursuant to that certain Employment Agreement dated January 1, 2004 (the “Prior Employment Agreement”); and

          WHEREAS, the parties desire to amend and restate the Prior Employment Agreement on the terms hereinafter set forth.

          NOW, THEREFORE, in consideration of the promises and of the covenants and agreements hereinafter contained, it is covenanted and agreed by and among the parties hereto as follows:

AGREEMENTS

          Section 1.          Employment.  The Employer hereby employs the Employee, and the Employee hereby accepts employment, upon the terms and conditions hereinafter set forth.

          Section 2.          Duties.  The Employee agrees to provide all services necessary, incidental or convenient as an officer and employee of the Company and the Bank as provided herein.  The Employer shall designate the location or locations for the performance of the Employee’s services.  Consistent with the Company’s corporate succession plan, Employee shall serve as President and Chief Executive Officer (“CEO”) of the Bank during a portion of the Term (as defined below).  Executive shall serve in both capacities through May of 2007 and potentially beyond until such time as a successor is identified for one or both of the positions.  Upon relinquishing the above titles with the Bank, Executive shall become the Chairman of the board of directors of the Bank.  Executive shall, subject
to stockholder approval, continue to serve on Company’s board of directors (the “Board”) during the Term and shall serve as its chairman through May of 2008.  The Employer shall furnish or make available to the Employee such equipment, office space and other facilities and services as shall be adequate and necessary for the performance of his duties.

          Section 3.          Term.  The term of this Agreement shall commence on the Effective Date, and shall continue through the date of the Company’s 2009 annual meeting of stockholders, at which time it shall terminate (the “Term”).  

          Section 4.          Compensation.  As compensation for the services to be provided by the Employee hereunder:

                       (a)          Base Salary.  The Bank shall pay Employee an annual base salary of two hundred and twenty thousand five hundred dollars ($220,500) (“Base Salary”).  Base Salary shall be payable bi-weekly, in equal installments in accordance with the Employer’s payroll practice.  The Company shall reimburse the Bank for Employee’s Base Salary attributable to services for the Company.  The Employee’s Base Salary shall be subject to review and increase during the Term in the sole and absolute discretion of the Executive Committee of the board of directors of the Company (the “Committee”).  

                       (b)          Annual Bonuses.  The Employee shall be entitled to receive cash bonuses (“Cash Bonus” or “Cash Bonuses”), based upon performance, which may be granted in the future in the discretion of the Employer, consistent with Employer’s incentive bonus formula for executive management, as modified from time to time, in the discretion of the Committee.  In addition, the Employee may receive such additional bonuses or awards in the form of stock options, restricted stock or other equity compensation, as determined in the discretion of the Committee.  

                       (c)          Transition Incentive Bonus.  The Employee shall be eligible to receive an additional bonus of up to eighty thousand dollars ($80,000) per year (the “Transition Bonus”).  The performance cycle for the Transition Bonus shall run between the dates of the Company’s annual stockholders’ meetings, with the first cycle beginning with the May 2006 meeting and the last cycle ending as of the 2009 meeting.  The amount of Transition Bonus earned shall be determined by the Committee and may be deferred by Mr. Bauer.  

                       (d)          Non-Qualified Supplemental Executive Retirement Agreement.  Employee shall participate in the Non-Qualified Supplemental Executive Retirement Agreement, as amended as of the Effective Date, in accordance with its terms.  

                       (e)          Deferred Compensation Plan Contribution.  As of the Effective Date, the Company shall make a one-time contribution pursuant to the terms of the Quad City Bank and Trust Company Executive Deferred Compensation Agreement with the Employee, as amended as of the effective Date, in the amount of forty thousand dollars ($40,000).  

                       (f)          Benefits.  The Employer shall provide the following additional benefits to the Employee:

                                     (i)          Medical Insurance.  Family medical insurance, provided that Employee shall be responsible for paying any portion of the premium in accordance with the Employer’s policy applied to similarly situated employees.

                                     (ii)         Reimbursements.  Reimbursement of reasonable expenses advanced by the Employee in connection with performance of his duties hereunder, including, but not limited to, two (2) paid weeks of continuing education, a quarterly automobile allowance of $2,000, fuel, maintenance and insurance expense of such automobile, and the annual reimbursement of club dues for the Crow Valley Club.

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                                      (iii)        Personal Days.  The Employee will initially be entitled to five (5) weeks of personal days, which may be increased in accordance with the Employer’s established policies and practices.

                                      (iv)        Disability Coverage.  Long-term and short-term disability coverage equal to 66-2/3% of Base Salary and Average Annual Bonus.  For purposes of this Agreement, “Average Annual Bonus” shall mean the average of the three (3) most recent annual Cash Bonuses paid to the Employee immediately preceding the determination date.

                                      (v)         Employee Benefits.  Participation in a 401(k)/profit sharing plan, deferred compensation program and such other benefits as are specifically granted to Employee or in which he participates as an employee of the Employer.

                                      (vi)        Life Insurance.  Term life insurance of two (2) times Employee’s Base Salary and Average Annual Bonus as of the date of this Agreement; which insurance may be provided through a group term carve-out plan at the Employer’s election.  The Employee will be allowed to purchase additional life insurance of at least that same amount through such plan.

                                      (vii)       Stock Options.  In the event that Employee is granted additional stock options during the Term, such option awards shall provide for the full vesting of such awards upon the Employee’s retirement from employment from the Company, the Bank or any subsidiary (based upon the latest such retirement).

          Section 5.          Time Requirement.  The Employee shall devote his best efforts and full business time to his duties under this Agreement.  The Employee shall be allowed to serve on outside boards subject to the consent of the Employer.

          Section 6.          Termination upon Disability.  In the event of the Employee’s Disability (as defined below) during the Term, payments based upon the Employee’s then current annual Base Salary and Average Annual Bonus shall continue thereafter through the last day of the one (1) year period beginning on the date of such Disability, after which time Employee’s employment shall terminate.  Payments made in the event of the Employee’s Disability shall be equal to 66-2/3% of Employee’s Base Salary and Average Annual Bonus, less any amounts received under the Employer’s short or long-term disability programs, as applicable.  Disability for purposes of this Agreement shall mean that the Employee is limited from performing the material and substantial duties of the positions set forth in Section 2
due to the Employee’s sickness or injury for a period of six (6) consecutive months.  The Committee shall determine whether and when the Employee has incurred a Disability under this Agreement.  

          Section 7.          Payment upon Death.  In the event of the Employee’s death during the Term, the Employee shall be paid his accrued and unpaid Base Salary, and his earned Cash Bonus for the year in which he died prorated on a per diem basis through the date of death.  The earned Base Salary shall be paid in accordance with the Employer’s regular payroll on the next regular payroll date following the Employee’s death.  The earned Cash Bonus for the year shall be paid when Cash Bonuses are paid to other executive officers of the Employer with respect to such year.  Such amounts shall be payable to the persons designated in writing by the Employee, or if none, to his estate.

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          Section 8.          Confidentiality and Loyalty.  The Employee acknowledges that during the course of his employment he has produced and will produce and have access to material, records, data, trade secrets and information not generally available to the public (collectively, “Confidential Information”) regarding the Employer and any subsidiaries and affiliates.  Accordingly, during and subsequent to termination of this Agreement, the Employee shall hold in confidence and not directly or indirectly disclose, use, copy or make lists of any such Confidential Information, except to the extent that such information is or thereafter becomes lawfully available from public sources, or such disclosure is authorized in writing by the Employer, required by a law or any competent administrative agency or judicial authority, or
otherwise as reasonably necessary or  appropriate in connection with performance by the Employee of his duties hereunder.  All records, files, documents and other materials or copies thereof relating to the Employer’s business which the Employee shall prepare or use, shall be and remain the sole property of the Employer, shall not be removed from the Employer’s premises without its written consent, and shall be promptly returned to the Employer upon termination of the Employee’s employment hereunder.  The Employee agrees to abide by the Employer’s reasonable policies, as in effect from time to time, respecting avoidance of interests conflicting with those of the Employer.

          Section 9.          Non-Competition.

                    (a)            Restrictive Covenant.  The Employer and the Employee have jointly reviewed the operations of the Employer and have agreed that the primary service areas of the Employer’s lending and deposit taking functions extends to the areas encompassing the sixty (60) mile radii from each of the offices of the Employer.  Therefore, as an essential ingredient of and in consideration of this Agreement and the payment of the amounts described in Sections 4 and 10, the Employee hereby agrees that, except with the express prior written consent of the Employer, for a period of two (2) years after the termination of the Employee’s employment with the Employer (the “Restrictive Period”), he will not directly or indirectly compete with the business of the
Employer, including, but not by way of limitation, by directly or indirectly owning, managing, operating, controlling, financing, or by directly or indirectly serving as an employee, officer or director of, or consultant to, or by soliciting or inducing, or attempting to solicit or induce, any employee or agent of the Employer to terminate employment with the Employer and become employed by any person, firm, partnership, corporation, trust or other entity which owns or operates, a bank, savings and loan association, credit union or similar financial institution (a “Financial Institution”) within the sixty (60) mile radii of each of the Employer’s offices (the “Restrictive Covenant”).  If the Employee violates the Restrictive Covenant and the Employer brings legal action for injunctive or other relief, the Employer shall not, as a result of the time involved in obtaining such relief, be deprived of the benefit of the full period of the Restrictive
Covenant.  Accordingly, the Restrictive Covenant shall be deemed to have the duration specified in this Section computed from the date the relief is granted but reduced by the time between the period when the Restrictive Period began to run and the date of the first violation of the Restrictive Covenant by the Employee.  The foregoing Restrictive Covenant shall not prohibit the Employee from owning directly or indirectly capital stock or similar securities which are listed on a securities exchange or quoted on the National Association of Securities Dealers Automated Quotation System which do not represent more than one percent (1%) of the outstanding capital stock of any Financial Institution.

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                    (b)             Remedies for Breach of Restrictive Covenant.  The Employee acknowledges that the restrictions contained in this Section 9 and Section 8 are reasonable and necessary for the protection of the legitimate business interests of the Employer, that any violation of these restrictions would cause substantial injury to the Employer and such interests, that the Employer would not have entered into this Agreement with the Employee without receiving the additional consideration offered by the Employee in binding himself to these restrictions and that such restrictions were a material inducement to the Employer to enter into this Agreement.  In the event of any violation or threatened violation of these restrictions, the Employer, in addition to and not in limitation of,
any other rights, remedies or damages available to the Employer under this Agreement or otherwise at law or in equity, shall be entitled to preliminary and permanent injunctive relief to prevent or restrain any such violation by the Employee and any and all persons directly or indirectly acting for or with him, as the case may be.

        Section 10.          Severance.  

                    (a)            Termination Without Cause.  If the Employee is terminated without “Cause” (as defined below), the Employer will pay the Employee a sum equal to his then current annual Base Salary plus his Average Annual Bonus.  Such payment shall be made in a lump sum within 15 days of termination or in equal installments over the one (1) year period, at the Employer’s option.  In addition, the Employer shall provide reasonable out-placement services for up to three (3) months following termination.  

                    (b)            Termination for Cause or Voluntary Termination.  If the Employee is terminated for Cause (as defined below) or voluntarily terminates his employment, then the Employer shall pay Employee any accrued and unpaid Base Salary, and any accrued and unpaid personal days and shall have no further obligations to the Employee under this Agreement.  For purposes of this Agreement, “Cause” shall mean:  

                                     (i)          a material violation by the Employee of any applicable material law or regulation respecting the business of the Employer; 

                                     (ii)         the Employee being found guilty of a felony, an act of dishonesty in connection with the performance of his duties as an officer of the Employer, or which disqualifies the Employee from serving as an officer or director of the Employer; or 

                                     (iii)        the willful or negligent failure of the Employee to perform his duties hereunder in any material respect.  

The Employee shall be entitled to at least thirty (30) days’ prior written notice of the Employer’s intention to terminate his employment for any Cause specifying the grounds for such termination, a reasonable opportunity to cure any conduct or act, if curable, alleged as grounds for such termination, and a reasonable opportunity to present to the Board his position regarding any dispute relating to the existence of such Cause.  

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                    (c)          Termination Upon Change in Control.  If a Change in Control (as defined below) of the ownership of the Employer occurs and the Employee is terminated within one (1) year following the Change in Control or the Employee elects to terminate his employment within six (6) months following the Change in Control, a severance payment will be made within 15 days of termination equal to the sum of three (3) times the sum of his then current Base Salary and Average Annual Bonus.  In addition, the Employer shall continue, or cause to be continued, Employee’s health insurance as in effect on the date of termination (including, if applicable, family coverage) for three (3) years.

                    For purposes of this paragraph, the term “Change in Control” shall mean the following:

                                   (i)          The consummation of the acquisition by any person (as such term is defined in Section 13(d) or 14(d) of the Securities Exchange Act of 1934, as amended (the “1934 Act”)) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the 1934 Act) of thirty-three percent (33%) or more of the combined voting power of the then outstanding voting securities of the Company; or

                                   (ii)         The individuals who, as of the date hereof, are members of the Board of Directors of the Company (the “Board”) cease for any reason to constitute a majority of the Board, unless the election, or nomination for election by the stockholders, of any new director was approved by a vote of a majority of the Board, and such new director shall, for purposes of this Agreement, be considered as a member of the Board; or

                                   (iii)        Consummation by the Company of (i) a merger or consolidation if the stockholders, immediately before such merger or consolidation, do not, as a result of such merger or consolidation, own, directly or indirectly, more than sixty-seven percent (67%) of the combined voting power of the then outstanding voting securities of the entity resulting from such merger or consolidation, in substantially the same proportion as their ownership of the combined voting power of the voting securities of the Company outstanding immediately before such merger or consolidation or (ii) a complete liquidation or dissolution or an agreement for the sale or other disposition of two-thirds or more of the consolidated assets of
the Company.

Notwithstanding the foregoing, a Change in Control shall not be deemed to occur solely because thirty-three percent (33%) or more of the combined voting power of the then outstanding securities of the Company is acquired by (i) a trustee or other fiduciary holding securities under one or more employee benefit plans maintained for employees of the entity or (ii) any corporation which, immediately prior to such acquisition, is owned directly or indirectly by the stockholders of the Company in substantially the same proportion as their ownership of stock of the Company immediately prior to such acquisition.

                                   (iv)        If it is determined, in the opinion of the Company’s independent accountants, in consultation, if necessary, with the Company’s independent legal counsel, that any amount paid under this Agreement due to a Change in Control, either separately or in conjunction with any other payments, benefits and entitlements received by the Employee in respect of a Change in Control under any other plan or agreement under which the Employee participates or to which he is a party, would constitute an “Excess Parachute Payment” within

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the meaning of Section 280G of the Code, and thereby be subject to the excise tax imposed by Section 4999 of the Code (the “Excise Tax”), then in such event the Employer shall pay to the Employee a “grossing-up” amount equal to the amount of such Excise Tax, plus all federal and state income or other taxes with respect to the payment of the amount of such Excise Tax, including all such taxes with respect to any such grossing-up amount.  If, at a later date, the Internal Revenue Service assesses a deficiency against the Employee for the Excise Tax which is greater than that which was determined at the time such amounts were paid, then the Employer shall pay to the Employee the amount of such unreimbursed Excise Tax plus any interest, penalties and reasonable professional fees or expenses incurred by the Employee as a result of such assessment, including all such taxes with respect to any such additional amount.  The highest
marginal tax rate applicable to individuals at the time of the payment of such amounts will be used for purposes of determining the federal and state income and other taxes with respect thereto.  The Employer shall withhold from any amounts paid under this Agreement the amount of any Excise Tax or other federal, state or local taxes then required to be withheld with respect to the amount paid hereunder.  Computations of the amount of any grossing-up supplemental compensation paid under this subparagraph shall be conclusively made by the Employer’s independent accountants, in consultation, if necessary, with the Employer’s independent legal counsel. If, after the Employee receives any gross-up payments or other amount pursuant to this Section 10, the Employee receives any refund with respect to the Excise Tax, the Employee shall promptly pay the Employer the amount of such refund within ten (10) days of receipt by the Employee. 

                                   (v)         If the Employer is not in compliance with its minimum capital requirements or if the payments required under this Section 10 would cause the Employer’s capital to be reduced below its minimum capital requirements, such payments shall be deferred until such time as the Employer is in capital compliance.  At the election of the Employee, which election is to made within thirty (30) days of the Employee’s termination, such payments shall be made in a lump sum or paid monthly during the remaining term of this Agreement following the Employee’s termination.  In the event that no election is made, payment to the Employee will be made on a monthly basis during the remaining term of
this Agreement.  Such payments shall not be reduced in the event the Employee obtains other employment following the termination of employment by the Employer.

     Section 11.         Post-Term Services.  

                    (a)          Consulting Arrangement.  Following the end of the Term and for a period of three years, the Employee and the Company shall enter into a consulting arrangement whereby the Employee shall continue to assist the Company and the Bank with the retention of certain designated customer relationships.  The arrangement shall provide for a formula-based consulting fee whereby Employee may earn up to two thousand dollars ($2,000) per month.  Throughout the period of the consulting arrangement, Company shall reimburse Employee for annual club dues for the Crow Valley Club.

                    (b)          Charitable Foundation.  Prior the end of the Term, the Company shall establish and fund a charitable foundation to be administered by the Employee for the benefit of the local community.  Following the end of the Term and for a period of up to three years, the Employee shall earn fifteen hundred dollars ($1,500) per month for services performed on behalf of such new charitable foundation, with such payments to be made by the Company.

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        Section 12.         Indemnification.  

                    (a)           The Employer shall provide the Employee (including his heirs, personal representatives, executors and administrators) for the term of this Agreement with coverage under a standard directors’ and officers’ liability insurance policy at its expense.

                    (b)           In addition to the insurance coverage provided for in this Section, the Employer shall hold harmless and indemnify the Employee (and his heirs, executors and administrators) to the fullest extent permitted under applicable law against all expenses and liabilities reasonably incurred by him in connection with or arising out of any action, suit or proceeding in which he may be involved by reason of his having been an officer of the Employer (whether or not he continues to be an officer at the time of incurring such expenses or liabilities), such expenses and liabilities to include, but not be limited to, judgments, court costs and attorneys’ fees and the cost of reasonable settlements. 

                    (c)           In the event the Employee becomes a party, or is threatened to be made a party, to any action, suit or proceeding for which the Employer has agreed to provide insurance coverage or indemnification under this Section, the Employer shall, to the full extent permitted under applicable law, advance all expenses (including reasonable attorneys’ fees), judgments, fines and amounts paid in settlement (collectively “Expenses”) incurred by the Employee in connection with the investigation, defense, settlement, or appeal of any threatened, pending or completed action, suit or proceeding, subject to receipt by the Employer of a written undertaking from the Employee (i) to reimburse the Employer for all Expenses actually paid by the Employer to or on behalf of the Employee
in the event it shall be ultimately determined that the Employee is not entitled to indemnification by the Employer for such Expenses and (ii) to assign to the Employer all rights of the Employee to indemnification, under any policy of directors’ and officers’ liability insurance or otherwise, to the extent of the amount of Expenses actually paid by the Employer to or on behalf of the Employee.

       Section 13.        Payment of Legal Fees.  The Employer is aware that after a Change in Control, management of the Employer or its successor could cause or attempt to cause the Employer to refuse to comply with its obligations under this Agreement, including the possible pursuit of litigation to avoid its obligations under this Agreement.  In these circumstances, the purpose of this Agreement would be frustrated.  It is the Employer’s intention that the Employee not be required to incur the expenses associated with the enforcement of his rights under this Agreement, whether by litigation or other legal action, because the cost and expense thereof would substantially detract from the benefits intended to be granted to the Employee hereunder.  It is the Employer’s intention that the Employee not be forced to
negotiate settlement of his rights under this Agreement under threat of incurring expenses.  Accordingly, if after a Change in Control occurs it appears to the Employee that (a) the Employer has failed to comply with any of its obligations under this Agreement, or (b) the Employer or any other person has taken any action to avoid its obligations under this Agreement, the Employer irrevocably authorizes the Employee from time to time to retain counsel of his choice, at the expense of the Employer as provided in this Section 12, to represent the Employee in connection with the initiation or

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defense of any litigation or other legal action, whether by or against the Employer or any director, officer, stockholder, or other person affiliated with the Employer, in any jurisdiction.  Notwithstanding any existing or previous attorney-client relationship between the Employer and any counsel chosen by the Employee under this Section 12, the Employer irrevocably consents to the Employee entering into an attorney-client relationship with that counsel, and the Employer and the Employee agree that a confidential relationship shall exist between the Employee and that counsel.  The fees and expenses of counsel selected from time to time by the Employee as provided in this Section 12 shall be paid or reimbursed to the Employee by the Employer on a regular, periodic basis upon presentation by the Employee of a statement or statements prepared by such counsel in accordance with such counsel’s customary practices.  The Employer’s obligation to
reimburse Employee for legal fees as provided under this Section 12 and any separate employment, deferred compensation, severance or other agreement between the Employee and the Employer shall not exceed $200,000 in the aggregate.  Accordingly, the Employer’s obligation to pay the Employee’s legal fees provided by this Section 12 shall be offset by any legal fee reimbursement obligation the Employer may have with the Employee under any separate employment, deferred compensation, severance or other agreement between the Employee and the Employer.

          Section 14.          Regulatory Suspension and Termination.

                    (a)               If the Employee is suspended from office and/or temporarily prohibited from participating in the conduct of the Employer’s affairs by a notice served under Section 8(e)(3) (12 U.S.C. § 1818(e)(3)) or 8(g) (12 U.S.C. § 1818(g)) of the Federal Deposit Insurance Act, as amended, the Employer’s obligations under this contract shall be suspended as of the date of service, unless stayed by appropriate proceedings. If the charges in the notice are dismissed, the Employer shall (A) pay the Employee all of the compensation withheld while their contract obligations were suspended and (B) reinstate any of the obligations, which were suspended.

                    (b)               If the Employee is removed and/or permanently prohibited from participating in the conduct of the Employer’s affairs by an order issued under Section 8(e) (12 U.S.C. § 1818(e)) or 8(g) (12 U.S.C. § 1818(g)) of the Federal Deposit Insurance Act, as amended, all obligations of the Employer under this contract shall terminate as of the effective date of the order, but vested rights of the contracting parties shall not be affected.

                    (c)               If the Employer is in default as defined in Section 3(x) (12 U.S.C. § 1813(x)(1)) of the Federal Deposit Insurance Act, as amended, all obligations of the Employer under this contract shall terminate as of the date of default, but this paragraph shall not affect any vested rights of the contracting parties.

                    (d)               All obligations of the Employer under this contract shall be terminated, except to the extent determined that continuation of the contract is necessary for the continued operation of the institution by the Federal Deposit Insurance Corporation (the “FDIC”), at the time the FDIC enters into an agreement to provide assistance to or on behalf of the Employer under the authority contained in Section 13(c) (12 U.S.C. § 1823(c)) of the Federal Deposit Insurance Act, as amended, or when the Employer is determined by the FDIC to be in an unsafe or unsound condition. Any rights of the parties that have already vested, however, shall not be affected by such action.

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                    (e)              Any payments made to the Employee pursuant to this Agreement, or otherwise, are subject to and conditioned upon their compliance with Section 18(k) (12 U.S.C. § 1828(k)) of the Federal Deposit Insurance Act as amended, and any regulations promulgated thereunder.

          Section 15.         General Provisions.

                    (a)              This Agreement supersedes all prior agreements and understandings between the parties relating to the subject matter of this Agreement.  It binds and benefits the parties and their successors in interest, heirs, beneficiaries, legal representatives and assigns.  The Company agrees that it shall not merge or consolidate into or with another company, or reorganize, or sell substantially all its assets to another company, firm or person unless such succeeding or continuing company, firm or person agrees to assume and discharge the obligations of the Company under this Agreement.

                    (b)              This Agreement is governed by and construed in accordance with the laws of the State of Iowa.

                    (c)              The provisions of Sections 8 and 9 shall survive the termination of this Agreement.

                    (d)              No amendment or modification of this Agreement is effective unless made in writing and signed by each party.

                    (e)              This Agreement may be signed in several counterparts, each of which will be an original and all of which will constitute one agreement.

(Remainder of Page Intentionally Left Blank)

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          IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date and year first above set forth.

	
  
QCR   HOLDINGS, INC.
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
By:
  	
  
/s/ James J. Brownson
  	
  
 
  	
  
/s/ Michael A. Bauer
  	
  
 
  
	
   
  	
  

  	
  
 
  	
  

  	
  
 
  
	
  
 
  	
  
James J. Brownson
  	
  
 
  	
  
MICHAEL   A. BAUER
  	
  
 
  
	
  
 
  	
  
Chairman, Executive Committee
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  By:
  	
  
/s/ Douglas M. Hultquist
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  

  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
Douglas M. Hultquist,
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
President
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
QUAD   CITY BANK AND TRUST COMPANY
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
By:
  	
  
/s/ James J. Brownson
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  

  	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
James J. Brownson
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
Secretary
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
By:
  	
  
/s/ Douglas M. Hultquist
  	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  

  	
   
  	
   
  	
   
  
	
   
  	
  Douglas M. Hultquist,
  	
   
  	
   
  	
   
  
	
   
  	
  Chairman
  	
   
  	
   
  	
   
  

11

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00100-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00100-of-00352.parquet"}]]