APPLIED DIGITAL SOLUTIONS, INC. DIGITAL ANGEL SHARE TRUST FORBEARANCE AGREEMENT Summary of Terms and Conditions March 24, 2003Forbearance Agreement • March 31st, 2003 • Digital Angel Corp • Services-home health care services • New York
This Summary of Terms and Conditions (the “Term Sheet”) sets forth the indicative terms and conditions of the Forbearance Agreement (the “Forbearance Agreement”) among IBM Credit LLC, Applied Digital Solutions, Inc., Digital Angel Share Trust and the other Loan Parties party to the Third Amended and Restated Credit Agreement, dated as of March 1, 2002 (as amended through the date hereof, the “Credit Agreement”), among IBM Credit LLC, Applied Digital Solutions, Inc., Digital Angel Share Trust and the other Loan Parties party thereto. Terms used but not defined herein shall have the meanings assigned to such terms in the Credit Agreement.
