DIGITAL ANGEL CORPORATION SECURITY AGREEMENTDigital Angel Corporation Security Agreement • November 14th, 2007 • Digital Angel Corp • Communications equipment, nec • Florida
Grant of Security Interest. To secure the payment of all Obligations (as hereafter defined), DIGITAL ANGEL CORPORATION, a Delaware corporation (the “Digital Angel”), and each party listed on Exhibit A attached hereto (the “Subsidiaries”) Digital Angel and each Subsidiary, each a “Assignor” and collectively, the “Assignors”), and APPLIED DIGITAL SOLUTIONS, INC., a Delaware corporation (“Assignee”) hereby assigns and grants to Assignee a continuing security interest in all of the following property now owned or at any time hereafter acquired by Assignors, or in which Assignors now have or at any time in the future may acquire any right, title or interest (the “Collateral”): all cash, cash equivalents, accounts, accounts receivable, deposit accounts, inventory, equipment, goods, fixtures, documents, instruments (including, without limitation, promissory notes), contract rights, general intangibles (including, without limitation, payment intangibles and an absolute right to license on term
