0000950123-09-061787 Sample Contracts

LICENSE AGREEMENT
License Agreement • November 12th, 2009 • POSITIVEID Corp • Communications equipment, nec • New York

Effective this 21st day of September, 2009 (the “EFFECTIVE DATE”), VeriChip Corporation, a corporation organized and existing under the laws of Delaware having its principal office at 1690 South Congress Avenue, Suite 200, Delray Beach, FL, 33445, and its AFFILIATES (hereinafter “LICENSEE”) and RECEPTORS LLC, a corporation organized and existing under the laws of the State of Minnesota, having its principal office at Suite 510, 1107 Hazeltine Blvd., Chaska, MN 55318, U.S.A., and its AFFILIATEs, as defined below, (hereinafter, collectively, “RECEPTORS”) agree as follows:

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DEVELOPMENT/MASTER AGREEMENT
Development/Master Agreement • November 12th, 2009 • POSITIVEID Corp • Communications equipment, nec • New York

This Development/Master Agreement is made this 21st day of September, 2009 by and between Receptors LLC, a Minnesota limited liability company (“Receptors”), and VeriChip Corporation, a corporation organized and existing under the laws of Delaware (“VeriChip”). Receptors and VeriChip shall be referred to individually as a “Party” and collectively as the “Parties.”

DEVELOPMENT/MASTER AGREEMENT
Development/Master Agreement • November 12th, 2009 • POSITIVEID Corp • Communications equipment, nec • New York

This Development/Master Agreement is made this 6th day of October, 2009 by and between Receptors LLC, a Minnesota limited liability company (“Receptors”), and VeriChip Corporation, a corporation organized and existing under the laws of Delaware (“VeriChip”). Receptors and VeriChip shall be referred to individually as a “Party” and collectively as the “Parties.”

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