Amendment to Shared Services Agreement between PositiveID Corporation and VeriTeQ Acquisition Corporation
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Summary
This amendment updates the original Shared Services Agreement between PositiveID Corporation and VeriTeQ Acquisition Corporation. Effective June 1, 2012, the monthly fee for shared services is reduced from $30,000 to $12,000. Additionally, all outstanding amounts owed under the agreement as of May 31, 2012 ($160,004) will be converted into 2,285,779 shares of VeriTeQ common stock at $0.07 per share. All other terms of the original agreement remain unchanged.
EX-10.6 2 ex10-6.htm EXHIBIT 10.6 ex10-6.htm
Exhibit 10.6
Amendment to Shared Services Agreement
This amendment is to the original SHARED SERVICES AGREEMENT dated as of January 11, 2012 (the “Effective Date”) and entered into between PositiveID Corporation, a Delaware corporation (“PSID”), and VeriTeQ Acquisition Corporation, a Florida corporation (“VeriTeQ”).
The amendments are as follows:
| | 1. | Effective June 1, 2012 the monthly charge for shared services as outlined in Section 1.2(a)(i) shall be reduced from $30,000 to $12,000. |
| | 2. | The parties have agreed to convert all amounts owed under the Shared Services Agreement as of May 31, 2012 ($160,004) to 2,285,779 common shares of VeriTeQ at a per price share of $0.07. |
All other terms of the Shared Services Agreement not specifically amended herein shall remain as originally written.
IN WITNESS WHEREOF, the parties have executed this Agreement to be effective as of June 25, 2012.
| POSITIVEID CORPORATION | |||
| By: | /s/William Caragol | ||
| Name: | William Caragol | ||
| Title: | Chief Executive Officer | ||
| Date: | June 25, 2012 | ||
| VERITEQ ACQUISITION CORPORATION | |||
| By: | /s/Scott R. Silverman | ||
| Name: | Scott R. Silverman | ||
| Title: | Chief Executive Officer | ||
| Date: | June 25, 2012 | ||
