SECOND AMENDED AND RESTATED REVOLVING LINE OF CREDIT NOTE WORKING CAPITALRevolving Line of Credit Note • January 24th, 2007 • Applied Digital Solutions Inc • Communications equipment, nec
FOR VALUE RECEIVED, the undersigned, VeriChip Corporation, a Delaware corporation with a principal place of business at 1690 South Congress Avenue, Suite 200, Delray Beach, Florida 33445 (the “Borrower”), hereby promises to pay to the order of Applied Digital Solutions, Inc., a Missouri corporation located at 1690 South Congress Avenue, Suite 200, Delray Beach, Florida 33445 (the “Lender”), at such address, or such other place or places as the holder hereof may designate in writing from time to time hereafter, the maximum principal sum of Fourteen Million Five Hundred Thousand Dollars ($14,500,000.00), or, if less, so much thereof as may be advanced or readvanced by the Lender to the Borrower pursuant to the terms of the Loan Agreement (as hereinafter defined), together with interest as provided for herein below, in lawful money of the United States of America.
SECOND AMENDMENT TO COMMERCIAL LOAN AGREEMENTCommercial Loan Agreement • January 24th, 2007 • Applied Digital Solutions Inc • Communications equipment, nec • New Hampshire
This SECOND AMENDMENT TO COMMERCIAL LOAN AGREEMENT, dated as of January 19, 2007 (this "Second Amendment"), is between VERICHIP CORPORATION, a Delaware corporation (the "Borrower"), and APPLIED DIGITAL SOLUTIONS, INC., a Missouri corporation (the "Lender").
SECOND AMENDMENT TO SECURITY AGREEMENTSecurity Agreement • January 24th, 2007 • Applied Digital Solutions Inc • Communications equipment, nec
This Second Amendment to Security Agreement (the “Second Amendment”) is dated as of the 19th day of January, 2007 and is entered into by and between VERICHIP CORPORATION, a Delaware corporation with a principal place of business at 1690 South Congress Avenue, Suite 200, Delray Beach, Florida 33445 ("the Debtor"), and Applied Digital Solutions, Inc., a Missouri corporation located at 1690 South Congress Avenue, Suite 200, Delray Beach, Florida 33445 (the "Secured Party").
