VALIDITY GUARANTY AGREEMENT (Individual)Validity Guaranty Agreement • September 2nd, 2010 • Digital Angel Corp • Communications equipment, nec • Minnesota
In order to induce TCI BUSINESS CAPITAL, INC., a Minnesota corporation (hereinafter called “TCI”) to enter into a certain Credit and Security Agreement (hereinafter called “Credit Agreement”) effective as of the date hereof with DESTRON FEARING CORPORATION, a Delaware corporation (hereinafter called “Client”) and/or to continue under and at the same time to refrain from terminating TCI’s present Credit Agreement with the Client, and in consideration of TCI’s so doing and/or in consideration of any fundings, advances, payments, extensions of credit, benefits or financial accommodations heretofore or hereafter made, granted or extended by TCI or which TCI has or will make, grant or extend to or for the account of the Client whether under the Credit Agreement or otherwise, and/or in consideration of any obligation heretofore or hereafter incurred by the Client to TCI whether under the Credit Agreement or otherwise, and for other good and valuable consideration, the nature and receipt of w
