LETTER AGREEMENTAmendment to Notes • March 31st, 2009 • Digital Angel Corp • Communications equipment, nec • New York
Reference is made to (a) the Securities Purchase Agreement dated as of August 31, 2007 between Digital Angel Corporation f/k/a Applied Digital Solutions, Inc. (the “Company”) and Kallina Corporation (“Kallina”) (as amended, restated, modified and/or supplemented from time to time, the “Kallina SPA”); (b) the Secured Term Note dated as of August 31, 2007 from the Company in favor of Kallina in the original principal amount of $7,000,000 (as amended, restated, modified and/or supplemented from time to time, the “2007 Kallina Note”); and (c) the other Related Agreements as defined in the Kallina SPA (collectively with the Kallina SPA, the 2007 Kallina Note and all instruments, documents and agreements related thereto, the “Existing Kallina Agreements”). Capitalized terms used herein that are not defined shall have the meanings given to them in the Kallina SPA.
