0001362310-08-001242 Sample Contracts

MASTER SECURITY AGREEMENT

Master Security Agreement • March 5th, 2008 • VeriChip CORP • Communications equipment, nec • New York

• Contract Type
  Master Security Agreement
• Filed
  March 5th, 2008
• Company
  VeriChip CORP
• Industry
  Communications equipment, nec
• Jurisdiction
  New York

INTELLECTUAL PROPERTY SECURITY AGREEMENT

Intellectual Property Security Agreement • March 5th, 2008 • VeriChip CORP • Communications equipment, nec

• Contract Type
  Intellectual Property Security Agreement
• Filed
  March 5th, 2008
• Company
  VeriChip CORP
• Industry
  Communications equipment, nec

THIS INTELLECTUAL PROPERTY SECURITY AGREEMENT (the “Agreement”), dated as of February 29, 2008, is made by VERICHIP CORPORATION, a Delaware corporation (“Chip”) and XMARK CORPORATION, a Canada corporation (“Mark”, together with Chip, each a “Grantor” and collectively, “Grantors”), in favor of LV Administrative Services, Inc., a Delaware corporation, as administrative and collateral agent for the Purchasers (as defined in the Purchase Agreement referred to below)(the “Agent”).

AMENDMENT TO THIRD AMENDED AND RESTATED REVOLVING LINE OF CREDIT NOTE

Credit Note • March 5th, 2008 • VeriChip CORP • Communications equipment, nec

• Contract Type
  Credit Note
• Filed
  March 5th, 2008
• Company
  VeriChip CORP
• Industry
  Communications equipment, nec

Reference is made to that certain Third Amended and Restated Revolving Line of Credit Note, dated February 8,2007, made by VeriChip Corporation to the order of Applied Digital Solutions, Inc. in the principal amount of $ 14,500,000. (the “Note”), to which this instrument is to be attached.