Second Amendment to Shared Services Agreement

Contract Categories: Business Operations - Services Agreements
EX-10.10 7 ex10-10.htm EXHIBIT 10.10 Unassociated Document
Exhibit 10.10
 
 
Second Amendment to Shared Services Agreement
 

 
This Second Amendment to Shared Services Agreement  dated as of August 28, 2012 (the “Effective Date”) and entered into between PositiveID Corporation, a Delaware corporation (“PSID”), and VeriTeQ Acquisition Corporation, a Florida corporation (“VeriTeQ”) is an amendment to the Shared Services Agreement between PSID and VeriTeQ dated January 11, 2012, and as further amended June 25, 2012.
 
The amendments are as follows:
 
 
1.
Effective September 1, 2012 the monthly charge for shared services as outlined in Section 1.2(a)(i) of the Shared Services Agreement shall be reduced from $12,000 (twelve thousand and 00/100 dollars) to $5,000 (five thousand and 00/100 dollars).
 
All other terms of the Shared Services Agreement dated January 11, 2012, as further amended June 25, 2012, not specifically amended herein shall remain as originally written.
 
IN WITNESS WHEREOF, the parties have executed this Agreement as of August 28, 2012.
 

 
POSITIVEID CORPORATION
 
 
By:
/s/ William Caragol
       
Name:
William Caragol
   
 
 
Title:
Chief Executive Officer
   
 
 
Date: August 28, 2012        
 
 
VERITEQ ACQUISITION CORPORATION

 
By:
/s/ Scott R. Silverman
       
Name:
Scott R. Silverman
   
 
 
Title:
Chief Executive Officer
   
 
 
Date: August 28, 2012