Applied Digital Letterhead]Applied Digital Solutions Inc • May 16th, 2008 • Communications equipment, nec
Reference is made to that certain Stock Purchase Agreement (as amended, restated, supplemented or otherwise modified from time to time, the “Agreement”), dated as of the date hereof, by and among The Stanley Works (the “Beneficiary”) and VeriChip Corporation (the “Seller”). Capitalized terms used but not defined in this guarantee (this “Guarantee”) are used as defined in the Agreement.
Applied Digital Solutions 1690 South Congress Avenue, Suite 201 Delray Beach, FL 33445Letter Agreement • May 16th, 2008 • Applied Digital Solutions Inc • Communications equipment, nec • Florida
This letter agreement (this “Letter Agreement”) confirms certain agreements between Applied Digital Solutions, Inc. doing business as Digital Angel, a Delaware corporation (“Stockholder”) and VeriChip Corporation, a Delaware corporation (the “Company”) with respect to the matters described herein.
NON-COMPETITION AGREEMENTNon-Competition Agreement • May 16th, 2008 • Applied Digital Solutions Inc • Communications equipment, nec • New York
THIS NON-COMPETITION AGREEMENT (this “Agreement”) is made and entered into as of May 15, 2008 by and between Applied Digital Solutions, Inc., a Delaware corporation (the “Company”) and The Stanley Works, a Connecticut corporation (“Purchaser”) and is ancillary to the Stock Purchase Agreement (as hereinafter defined).
