Standard Contracts
THIRD AMENDED AND RESTATED REVOLVING LINE OF CREDIT NOTE WORKING CAPITALRevolving Line of Credit Note • February 9th, 2007 • VeriChip CORP • 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.
THIRD AMENDMENT TO SECURITY AGREEMENTSecurity Agreement • February 9th, 2007 • VeriChip CORP • Communications equipment, nec
This Third Amendment to Security Agreement (the “Third Amendment”) is dated as of the 8th day of February, 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”).
THIRD AMENDMENT TO COMMERCIAL LOAN AGREEMENTCommercial Loan Agreement • February 9th, 2007 • VeriChip CORP • Communications equipment, nec • New Hampshire
This THIRD AMENDMENT TO COMMERCIAL LOAN AGREEMENT, dated as of February 8, 2007 (this “Third Amendment”), is between VERICHIP CORPORATION, a Delaware corporation (the “Borrower”), and APPLIED DIGITAL SOLUTIONS, INC., a Missouri corporation (the “Lender”).
