Common Contracts

2 similar Letter Agreement contracts by Applied Digital Solutions Inc, Digital Angel Corp

August 6, 2007 Mr. Kevin McGrath 3778 Coventry Lane Boca Raton, Florida 33496 Re: Letter Agreement Dear Kevin:
Letter Agreement • August 10th, 2007 • Digital Angel Corp • Communications equipment, nec

As discussed, this Letter Agreement sets forth our mutual understanding with regard to your departure from Digital Angel Corporation (“Digital Angel”) and your resignation as a member of the Board of Directors (the “Board”) and as President and Chief Executive Officer. In consideration of our mutual promises and agreements, and the payments set forth herein, we agree as follows:

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August 6, 2007 Mr. Kevin McGrath 3778 Coventry Lane Boca Raton, Florida 33496 Re: Letter Agreement Dear Kevin:
Letter Agreement • August 9th, 2007 • Applied Digital Solutions Inc • Communications equipment, nec

As discussed, this Letter Agreement sets forth our mutual understanding with regard to your departure from Digital Angel Corporation (“Digital Angel”) and your resignation as a member of the Board of Directors (the “Board”) and as President and Chief Executive Officer. In consideration of our mutual promises and agreements, and the payments set forth herein, we agree as follows:

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