Amendment to Group Purchasing Program Agreement between Henry Schein, Inc. and VeriChip Corporation

Summary

Henry Schein, Inc. and VeriChip Corporation have agreed to amend their existing Group Purchasing Program Agreement, originally dated October 28, 2004. This amendment, effective October 20, 2006, extends the agreement's term from two years to two years and three months. All other terms and conditions of the original agreement remain unchanged.

EX-10.38 13 dex1038.htm AMENDMENT TO GROUP PURCHASING PROGRAM AGREEMENT Amendment to Group Purchasing Program Agreement

Exhibit 10.38

AMENDMENT TO

GROUP PURCHASING PROGRAM AGREEMENT

THIS AMENDMENT to the Group Purchasing Program Agreement of October 28, 2004 is made and entered into as of October 20, 2006, by and between Henry Schein, Inc., a Delaware corporation (“HSI”) and VeriChip Corporation, a Delaware corporation (“VeriChip”).

WITNESSETH:

WHEREAS, VeriChip and HSI are parties to a Group Purchasing Program Agreement (the “Original Agreement”); and

WHEREAS, HSI and VeriChip desire to extend the term of the Original Agreement.

NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, HSI and VeriChip agree as follows:

1.	Term of Agreement. Section 1 of the Original Agreement is hereby amended by replacing the words “two (2) years” with the words “two years and three months.”

2.	No Other Changes. Except as specifically provided in paragraph 1, all terms of the Original Agreements shall remain in effect and shall not be modified hereby, and provisions regarding notices and governing law contained in the Original Agreement shall apply to this Amendment as well.

IN WITNESS WHEREOF, the Parties have executed this Agreement under seal effective the date first written above.


HENRY SCHEIN, INC.		VERICHIP CORPORATION

By:	/s/ Louis J. Ferraro	By:	/s/ Kevin McLaughlin
	Name: Louis J. Ferraro		Kevin McLaughlin
	Title: V.P. and General Manager Medical Group		CEO