----

**Exhibit      10.108**

|         |                          |                                                                                                                                                                 |   |   |
|--------------|-------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|
|              |                     | Royal                Bank of CanadaRoyal                Centre Business Markets36th                Floor, 1055 West Georgia StVancouver,                B.C. VOE 3S5 |
|    | Tel.:  604-665-8474 |
|    | Fax:  604-665-6368  |

**Private      and Confidential **

**Attention:      Mr. Nurez Khimji, C.F.O. **

**“Bank**
**“Credit      Facilities”**
**“Agreement”**

**BORROWER:**
**“Borrower”**

**CREDIT      FACILITIES**

**Facility      (1):**

| a) | RBP                based loans (**“RBP                Loans”**) |
|----|-----------------------------------------------------------------------------|

|   |                                     |      |                                      |                  |
|--------|------------------------------------------|-----------|-------------------------------------------|-----------------------|
|   | Revolve                in increments of: | $5,000.00 | Minimum                retained balance:  | $0.00                 |
|   | Revolved                by:              | Bank      | Interest                rate (per annum): | RBP + 1.00% |

| b) | RBUSBR                based loans in US currency (**“RBUSBR                Loans”**) |
|----|--------------------------------------------------------------------------------------------------|

|   |                                     |      |                                      |                          |
|--------|------------------------------------------|-----------|-------------------------------------------|-------------------------------|
|   | Revolve                in increments of: | $5,000.00 | Minimum                retained balance   | $0.00                         |
|   | Revolved                by:              | Bank      | Interest                rate (per annum): | RBUSBR                + 1.00% |

| c)     | Letters                of Credit in Canadian currency (**“LCs”**)                                                                                  |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                           |
|   | Fees to be              advised on a              transaction-by-transaction basis. Fees and drawings to be charged to              Borrower’s accounts. |

| d)     | Letters                of Guarantee in Canadian currency (**“LGs”**)                 |
|--------|--------------------------------------------------------------------------------------------------|
|   |                                                                                             |
|   | Fees                and drawings to be charged to Borrower’s accounts. Minimum fee of $100 |

----

----

|                                  |         |   |         |                          |
|---------------------------------------|--------------|--------|--------------|-------------------------------|
| Verichip                Holdings Inc. |    |   |    | March                15, 2006 |

**AVAILABILITY**

**“Borrowing      Limit”**

| a) | 75%                of Good Accounts Receivable; |
|----|-------------------------------------------------|

| b) | 85%                of Good EDC Accounts Receivable; |
|----|-----------------------------------------------------|

| c) | to                a maximum of $375,000, 25% of the lesser of cost or net realizable                value                of Unencumbered Inventory. |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------|

**REPAYMENT**

**GENERAL      ACCOUNT**

| a) | if                such position is a debit balance the Bank may, subject to the revolving                increment amount and minimum retained balance specified in this Agreement,                make available a Borrowing by way of RBP Loans, or RBUSBR Loans as                applicable, under this facility; |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b) | if                such position is a credit balance, where the facility is indicated                to be                Bank revolved, the Bank may, subject to the revolving increment amount                and                minimum retained balance specified in this Agreement, apply the amount                of                such credit balance or any part as a repayment of any Borrowings                outstanding by way of RBP Loans, or RBUSBR Loans as applicable, under                this                facility. |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**OTHER      FACILITIES:**

**“Other      Facilities”**

| a) | Canadian                $ VISA Business to a maximum amount of $50,000.00; |
|----|----------------------------------------------------------------------------|

| b) | US$                VISA Gold to a maximum amount of US$165,000.00. |
|----|--------------------------------------------------------------------|

**FEES:**

|                                                      |         |                                                             |
|-----------------------------------------------------------|--------------|------------------------------------------------------------------|
| **One                Time Fee:**                          |    | **Monthly                Fee:**                                  |
|                                                      |         |
| Payable                upon acceptance of this Agreement. |    | Payable                in arrears on the same day of each month. |
|                                                      |         |
| Arrangement                Fee: $400.00                   |    | Revolvement                Fee: $100.00                          |

**SECURITY**

**“Security”**

|   | a) | General                security agreement on the Bank’s Form 924 covering all personal property                of the Borrower; |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------|

|   | b) | Guarantee                and postponement of claim on the Bank’s Form 812 In the amount of                $2,000,000 provided by Verichip Corporation, (the “Guarantor”); |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                  |         |   |         |                          |
|---------------------------------------|--------------|--------|--------------|-------------------------------|
| Verichip                Holdings Inc. |    |   |    | March                15, 2006 |

|   | c) | Consent                and confirmation letter signed by the Borrower; |
|--------|----|------------------------------------------------------------------------|

|   | d) | Copy                of Export Development Corporation (“EDC”) E6 Direction to Pay - assignment                of accounts receivable guarantee from EDC authorization EDC to pay                the                Bank directly any amounts that may become payable under the policy.                Copy                of EDC Export Credit Insurance Policy with endorsement details and                General                Terms & Condition Agreement. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**REPORTING      REQUIREMENTS**

| a) | **monthly**                Borrowing Limit Certificate substantially In the form of Schedule                “D”,                together with an aged list of accounts receivable for the Borrower,                identifying those accounts with EDC insurance, and a copy of EDC’s monthly                declaration form confirming that the Borrower is current in paying                insurance premiums and including a report of any EDC insured receivables                that are more than 90 days past due, within 30 days of each month                end; |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b) | **monthly**                aged listing of accounts receivables for Verichip Corporation within                30                days of each month end; |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------|

| c) | **quarterly**                company prepared consolidated financial statements for the Borrower                and                the Guarantor, in accordance with US GAAP in US dollars, within 45                days of each fiscal quarter end; |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| d) | **quarterly**                company prepared unit financial statements In US dollars for the                Borrower                and Guarantor, within 45 days of each fiscal quarter end; |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| e) | **annual**                audited consolidated financial statements for Verichip Corp. with                audited                consolidated schedules for the Borrower and the Guarantor, in accordance                with US GAAP in US dollars within 120 days of each fiscal year end; |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| f) | **annual**                management prepared financial forecasts with quarterly breakdowns,                in US                dollars, within 120 days of each fiscal year end; and |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| g) | such                other financial and operating statements and reports as and when                the Bank                may reasonably require. |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------|

**CONDITIONS      PRECEDENT**

| a) | a                duly executed copy of this Agreement; |
|----|--------------------------------------------------------|

| b) | the                Security provided for herein, registered, as required, to the satisfaction                of the Bank; |
|----|---------------------------------------------------------------------------------------------------------------------------|

| c) | such                financial and other information or documents relating to the Borrower                or                any Guarantor if applicable as the Bank may reasonably require; and |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| d) | such                other authorizations, approvals, opinions and documentation as the                Bank                may reasonably require. |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------|

| e) | monthly                confirmation from EDC that Borrower is up to date In paying its insurance                premiums; |
|----|---------------------------------------------------------------------------------------------------------------------------|

| f) | copy                of report to EDC, on accounts receivable greater than 90 days, for                follow                up on collections as required; and |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------|

| g) | all                documentation to be received by the Bank shall be in form and substance                satisfactory to the Bank. |
|----|-------------------------------------------------------------------------------------------------------------------------------------|

**GOVERNING      LAW JURISDICTION**

----

|                                  |         |   |         |                          |
|---------------------------------------|--------------|--------|--------------|-------------------------------|
| Verichip                Holdings Inc. |    |   |    | March                15, 2006 |

**ACCEPTANCE      **

|                                    |   |                           |
|-----------------------------------------|--------|--------------------------------|
| **ROYAL                BANK OF CANADA** |
|                                    |   |
| Per:                                    |   | /s/                Rahim Kurji |
| Name:                                   |   | Rahim                Kurji     |
| Title:                                  |   | Account                Manager |

|                                      |   |                                   |
|-------------------------------------------|--------|----------------------------------------|
| **VERICHIP                HOLDINGS INC.** |
|                                      |   |
| Per:                                      |   | /s/                Nurez Khimji        |
| Name:                                     |   | Nurez                Khimji            |
| Title:                                    |   | Chief                Financial Officer |
|                                      |   |
| Per:                                      |   | /s/                Keevin Vanloo       |
| Name:                                     |   | Keevin                Vanloo           |
| Title:                                    |   | Corporate                Controller.   |

| • |   | Definitions |
|---------|--------|-------------|

| • |   | Calculation                and Payment of Interest and Fees |
|---------|--------|-------------------------------------------------------------|

| • |   | Additional                Borrowing Conditions |
|---------|--------|------------------------------------------------|

| • |   | Borrowing                Limit Certificate |
|---------|--------|--------------------------------------------|

----

|                                  |         |   |         |                          |
|---------------------------------------|--------------|--------|--------------|-------------------------------|
| Verichip                Holdings Inc. |    |   |    | March                15, 2006 |

**TERMS      AND CONDITIONS **

**REPAYMENT      **

**PREPAYMENT      **

**EVIDENCE      OF lNDEBTEDNESS **

**“Accounts”**

**GENERAL      COVENANTS **

| a) | will                pay all sums of money when due under the terms of this Agreement; |
|----|---------------------------------------------------------------------------------------|

| b) | will                immediately advise the Bank of any event which constitutes or which,                with                notice, lapse of time or both, would constitute a breach of any covenant                or other term or condition of this Agreement or any Security, or                in the                case of any term facility, an Event of Default; |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| c) | will                file all material tax returns which are or will be required to be                filed by                it, pay or make provision for payment of all material taxes (including                interest and penalties) and Potential Prior-Ranking Claims, which                are or                will become due and payable and provide adequate reserves for the                payment                of any tax, the payment of which is being contested; |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| d) | will                give the Bank 30 days prior notice in writing of any intended change                in                Its ownership structure and it will not make or facilitate any such                changes without the prior written consent of the Bank, (including                any                material change in the company’s management); |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| e) | will                comply with all Applicable Laws, Including, without limitation, all                Environmental Laws; |
|----|----------------------------------------------------------------------------------------------------------------------------|

----

|                                  |         |   |         |                          |
|---------------------------------------|--------------|--------|--------------|-------------------------------|
| Verichip                Holdings Inc. |    |   |    | March                15, 2006 |

| f) | will                immediately advise the Bank of any action requests or violation notices                received concerning the Borrower and hold the Bank harmless from                and                against any losses, costs or expenses which the Bank may suffer or                incur                for any environment related liabilities existent now or in the future                with                respect to the Borrower; |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| g) | will                deliver to the Bank such financial and other information as the Bank                may                reasonably request from time to time, Including, but not limited                to, the                reports and other information set out under Reporting Requirements; |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| h) | will                immediately advise the Bank of any unfavourable change in its financial                position which may adversely affect its ability to pay or perform                its                obligations in accordance with the terms of this Agreement; |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| i) | will                keep Its assets fully insured against such perils and in such manner                as                would be customarily insured by Persons carrying on a similar business                or                owning similar assets. If the Borrower owns any commercial buildings                located in Metropolitan Vancouver, the Lower Fraser Valley, Metropolitan                Victoria or Saanich Peninsula, British Columbia, then, in addition                to the                preceding, the Borrower shall insure and keep fully insured such                commercial buildings against risk of earthquake; |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| j) | except                for Permitted Encumbrances, will not, without the prior written consent                of                the Bank, grant, create, assume or suffer to exist any mortgage,                charge,                lien, pledge, security interest or other encumbrance affecting any                of its                properties, assets or other rights; |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| k) | will                not, without the prior written consent of the Bank, sell, transfer,                convey, lease or otherwise dispose of any of Its properties or assets                other than in the ordinary course of business and on commercially                reasonable terms; |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| l) | will                not, without the prior written consent of the Bank, guarantee or                otherwise                provide for, on a direct, Indirect or contingent basis, the payment                of any                monies or performance of any obligations by any other Person, except                as                may be provided for herein; |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| m) | will                not, without the prior written consent of the Bank, merge, amalgamate,                or                otherwise enter into any other form of business combination with                any other                Person; |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| n) | will                permit the Bank or its representatives, from time to time, to visit                and                inspect the Borrower’s premises, properties and assets and examine and                obtain copies of the Borrower’s records or other information and discuss                the Borrower’s affairs with the auditors, counsel and other professional                advisers of the Borrower. |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**EXPENSES,      ETC. **

**GENERAL      INDEMNITY **

**AMENDMENTS      AND WAIVERS **

----

|                                  |         |   |         |                          |
|---------------------------------------|--------------|--------|--------------|-------------------------------|
| Verichip                Holdings Inc. |    |   |    | March                15, 2006 |

**SUCCESSORS      AND ASSIGNS **

**GAAP      **

**SEVERABILITY      **

**GOVERNING      LAW **

**DEFAULT      BY LAPSE OF TIME **

**SET-OFF      **

**NOTICES      **

----

|                                  |         |   |         |                          |
|---------------------------------------|--------------|--------|--------------|-------------------------------|
| Verichip                Holdings Inc. |    |   |    | March                15, 2006 |

**CONSENT      OF DISCLOSURE **

**NON-MERGER      **

**JOINT      AND SEVERAL **

**LIFE      INSURANCE **

**COUNTERPART      EXECUTION **

**EMAIL      AND FAX TRANSMISSION **

**REPRESENTATIONS      AND WARRANTIES **

| a) | if                it is a corporation, it is duly incorporated, validly existing and                duly                registered or qualified to carry on business in each jurisdiction                in which                its business or assets are located; |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b) | the                execution, delivery and performance by it of this Agreement have                been duly                authorized by all necessary actions and do not violate its constating                documents or any Applicable Laws or agreements to which it is subject                or                by which it is bound; |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| c) | no                event has occurred which constitutes, or which, with notice, lapse                of                time, or both, would constitute, an Event of Default or a breach                of any                covenant or other term or condition of this Agreement or any Security; |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| d) | there                is no claim, action, prosecution or other proceeding of any kind                pending                or threatened against it or any of its assets or properties before                any                court or administrative agency which relates to any non-compliance                with                any Environmental Laws which, if adversely determined, might have                a                material adverse effect upon its financial condition or operations                or its                ability to perform its obligations under this Agreement or any Security,                and there are no circumstances of which it is aware which might give                rise                to any such proceeding which it has not fully disclosed to the Bank:                and |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| e) | it                has good and marketable title to all of its properties and assets,                free                and clear of any encumbrances, other than as may be provided for                herein. |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**LANGUAGE      **

----

|                                  |         |   |         |                          |
|---------------------------------------|--------------|--------|--------------|-------------------------------|
| Verichip                Holdings Inc. |    |   |    | March                15, 2006 |

**WHOLE      AGREEMENT **

**EXCHANGE      RATE FLUCTUATIONS **

----

|   |         |   |         |                      |
|--------|--------------|--------|--------------|---------------------------|
| .      |    |   |    | Schedule                A |

**Schedule      “A”**

**DEFINITIONS      **

**Applicable      Laws**

**Borrowing**
**Borrowings**

**Business      Day**

**Contaminant**

**EDC      Accounts Receivable**

**Environmental      Activity**

**Environmental      Laws**

**Equivalent      Amount**

**Good      Accounts Receivable**

**Good      EDC Accounts Receivable**

----

|   |         |   |         |                      |
|--------|--------------|--------|--------------|---------------------------|
|   |    |   |    | Schedule                A |

**Guarantor**

**Letter      of Credit**
**LC**

**Letter      of Guarantee**
**LG**

**Maturity      Date**

**Permitted      Encumbrances**

| a) | liens                arising by operation of law for amounts not yet due or delinquent,                minor                encumbrances on real property such as easements and rights of way                which do                not materially detract from the value of such property, and security                given                to municipalities and similar public authorities when required by                such                authorities in connection with the operations of the Borrower in                the                ordinary course of business; |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b) | Security                granted in favour of the Bank; |
|----|--------------------------------------------------------|

**Person**

**Potential      Prior-Ranking Claims**

**RBP**
**Royal      Bank Prime**

**Release**

**RBUSBR**
**Royal      Bank US Base Rate**

**Unencumbered      Inventory**
*Bankruptcy      and Insolvency Act, *

**US**

----

|   |         |   |         |                      |
|--------|--------------|--------|--------------|---------------------------|
|   |    |   |    | Schedule                B |

**Schedule      “B”**

**CALCULATION      AND PAYMENT OF INTEREST AND FEES **

**LIMIT      ON INTEREST **

**OVERDUE      PAYMENTS **

**EQUIVALENT      YEARLY RATES **

**TIME      AND PLACE OF PAYMENT **

**RBP      LOANS AND RBUSBR LOANS **

**LETTER      OF CREDIT FEES **

**LETTER      OF GUARANTEE FEES **

----

|   |         |   |         |                      |
|--------|--------------|--------|--------------|---------------------------|
|   |    |   |    | Schedule                C |

**Schedule      “C”**

**ADDITIONAL      BORROWING CONDITIONS **

**LCs      or LGs: **

| a) | each                LC and LG shall expire on a Business Day and shall have a term of                not more                than 365 days; |
|----|---------------------------------------------------------------------------------------------------------------------------------------------|

| b) | at                least 2 Business Days prior to the issue of an LC or LG, the Borrower                shall execute a duly authorized application with respect to such                LC or LG                and each LC and LG shall be governed by the terms and conditions                of the                relevant application for such contract; |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| c) | an                LC or LG may not be revoked prior to its expiry date unless the consent                of                the beneficiary of the LC or LG has been obtained; |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| d) | any                LC or LG issued under a term facility must have an expiry date on                or                before the Maturity Date of the term facility, unless otherwise agreed                by                the Bank; and |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| e) | if                there is any inconsistency at any time between the terms of this                Agreement                and the terms of the application for LC or LG, the terms of the                application for LC or LG shall govern. |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**FEF      Contracts **

**Foreign      Exchange Forward Contract**
**FEF      Contract**

| a) | the                Borrower shall promptly issue or countersign and return a confirmation                or                acknowledgement of the terms of each such FEF Contract as required                by the                Bank; |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b) | the                Borrower shall, if required by the Bank, promptly enter into a Foreign                Exchange and Options Master Agreement or such other agreement in                form and                substance satisfactory to the Bank to govern the FEF Contract(s); |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| c) | in                the event of demand for payment under the Agreement of which this                schedule                forms a part, the Bank may terminate all or any FEF Contracts. If                the                agreement governing any FEF Contract does not contain provisions                governing                termination, any such termination shall be effected in accordance                with                customary market practice. The Bank’s determination of amounts owing under                any terminated FEF Contract shall be conclusive in the absence of                manifest                error. The Bank shall apply any amount owing by the Bank to the Borrower                on termination of any FEF Contract against the Borrower’s obligations to                the Bank under the Agreement and any amount owing to the Bank by                the                Borrower on such termination shall be added to the Borrower’s obligations                to the Bank under the Agreement and secured by the Security; |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| d) | the                Borrower shall pay all required fees in connection with any FEF Contracts                and indemnify and hold the Bank harmless against any loss, cost or                expense                incurred by the Bank in relation to any FEF Contract; |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| e) | any                rights of the Bank herein in respect of any FEF Contract are in addition                to and not in limitation of or substitution for any rights of the                Bank                under any agreement governing such FEF Contract. In the event that                there                is any inconsistency at any time between the terms hereof and any                agreement governing such FEF Contract, the terms of such agreement                shall                prevail; and |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| f) | in                addition to any security which may be held at any time in respect                of any                FEF Contract, upon request by the Bank from time to time, the Borrower                will deliver to the Bank such security as is acceptable to the Bank                as                continuing collateral security for the Borrower’s obligations to the Bank                in respect of FEF Contracts. |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   |         |   |         |                      |
|--------|--------------|--------|--------------|---------------------------|
|   |    |   |    | Schedule                D |

**Schedule      “D”**

**BORROWING      LIMIT CERTIFICATE **

| 1. | I                am familiar with and have examined the provisions of the Agreement                dated                March 6, 2006 and any amendments thereto, between Verichip Holdings                Inc., as Borrower, and Royal Bank of Canada, as the Bank and have                made                reasonable investigations of corporate records and inquiries of other                officers and senior personnel of the Borrower. Terms defined in the                Agreement have the same meanings where used in this certificate. |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2. | The                Borrowing Limit is $                    ,                calculated as follows: |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                                                                                                        |           |                                                                                                                                                                                                                                                               |         |         |                                                                      |         |   |                                                                     |   |   |
|---------------------------------------------------------------------------------------------------------------------------------------------|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------|--------------|---------------------------------------------------------------------------|--------------|--------|--------------------------------------------------------------------------|--------|--------|
| Total                accounts receivable owing by persons located in Canada Excluding                EDC                Accounts Receivable |      |                                                                                                                                                                                                                                                               |         |    |                                                                      |    | $      |              |
| Less:                                                                                                                                       |  a)  | Accounts,                any portion of which exceeds 60 days                                                                                                                                                                                                      |    |         | $             |    |   |                                                                |   |   |
|                                                                                                                                        |  b)       | Accounts                due from affiliates                                                                                                                                                                                                                        |    |         | $             |    |   |                                                                |   |   |
|                                                                                                                                        |  c)  | “Under                60 days” accounts where collection Is suspect                                                                                                                                                                                    |    |         | $             |    |   |                                                                |   |   |
|                                                                                                                                        |  d)  | Accounts                subject to prior encumbrances                                                                                                                                                                                                              |    |         | $             |    |   |                                                                |   |   |
|                                                                                                                                        |  e)  | Holdbacks,                contra-accounts or rights of set-off                                                                                                                                                                                                     |    |         | $             |    |   |                                                                |   |   |
|                                                                                                                                        |  f)  | Other                ineligible accounts                                                                                                                                                                                                                           |    |         | $             |    |   |                                                                |   |   |
| Plus:                                                                                                                                       |  g)  | Under                60 day portion of accounts included in (a) above, where the over                60 day                portion is less than 10% of the amount of accounts, or which the                Bank has                designated as nevertheless good |    |         | $             |    |   |                                                                |   |   |
| Good                Accounts Receivable                                                                                                     |      |                                                                                                                                                                                                                                                               |         |    | A                                                                         |    | $      |              |
| Marginable                Good Accounts Receivable at 75% of A                                                                              |      |                                                                                                                                                                                                                                                               |         |    | B                                                                         |    | $      |              |
| Total                EDC Accounts Receivable                                                                                                |      |                                                                                                                                                                                                                                                               |         |    |                                                                      |    | $      |              |
| Less:                                                                                                                                       |  a)       | Accounts,                any portion of which exceeds 90 days                                                                                                                                                                                                      |    |         | $             |    |   |                                                                |   |   |
|                                                                                                                                        |  b)       | Accounts                due from affiliates                                                                                                                                                                                                                        |    |         | $             |    |   |                                                                |   |   |
|                                                                                                                                        |  c)       | Accounts                where collection is suspect                                                                                                                                                                                                                |    |         | $             |    |   |                                                                |   |   |
|                                                                                                                                        |  d)       | Accounts                subject to prior encumbrances                                                                                                                                                                                                              |    |         | $             |    |   |                                                                |   |   |
|                                                                                                                                        |  e)       | Holdbacks,                contra-accounts or rights of set-off                                                                                                                                                                                                     |    |         | $             |    |   |                                                                |   |   |
|                                                                                                                                        |  f)       | Other                ineligible accounts                                                                                                                                                                                                                           |    |         | $             |    |   |                                                                |   |   |
| Good                EDC Accounts Receivable                                                                                                 |      |                                                                                                                                                                                                                                                               |         |    | C                                                                         |    | $      |              |
| Marginable                Good EDC Accounts Receivable at 85% of C                                                                          |      |                                                                                                                                                                                                                                                               |         |    | D                                                                         |    | $      |              |
| Total                inventory (valued at lesser of cost or net realizable                value)                                            |      |                                                                                                                                                                                                                                                               |         |    |                                                                      |    | $      |              |
| Less:                                                                                                                                       |  a)       | Inventory                subject to prior encumbrances                                                                                                                                                                                                             |    |         | $             |    |   |                                                                |   |   |
|                                                                                                                                        |  b)       | inventory                subject to 30 day supplier payables                                                                                                                                                                                                       |    |         | $             |    |   |                                                                |   |   |
|                                                                                                                                        |  c)       | Other                non qualifying inventory                                                                                                                                                                                                                      |    |         | $             |    |   |                                                                |   |   |
| Unencumbered                Inventory                                                                                                       |      |                                                                                                                                                                                                                                                               |         |    | E                                                                         |    | $      |              |
| Marginable                Unencumbered Inventory at 25% of G (Max $375,000)                                                                 |      |                                                                                                                                                                                                                                                               |         |    | F                                                                         |    | $      |              |
| Less:  Potential                Prior-Ranking Claims                                                                              |      |                                                                                                                                                                                                                                                               |         |    | G                                                                         |    | $      |              |
| Borrowing                Limit (B+D+F-G)                                                                                                    |      |                                                                                                                                                                                                                                                               |         |    |                                                                      |    | $      |              |
| Less:  Facility                # 1 Borrowings                                                                                     |      |                                                                                                                                                                                                                                                               |         |    |                                                                      |    | $      |              |
| Margin                Surplus (Deficit)                                                                                                     |      |                                                                                                                                                                                                                                                               |         |    |                                                                      |    | $      |              |

----

| 3. | Annexed                hereto are the following reports in respect of the Borrower: |
|----|-------------------------------------------------------------------------------------|

|   | a) | aged                list of accounts receivable, |
|--------|----|--------------------------------------------------|

|   | b) | aged                list of EDC insured accounts receivable supported by Direction to                Pay on                EDC form E-6, |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------|

|   | c) | status                of inventory, |
|--------|----|-------------------------------------|

|   | d) | listing                of Potential Prior-Ranking Claims, and |
|--------|----|---------------------------------------------------------------|

|   | e) | listing                of supplier payables having 30 day repossession rights over inventory. |
|--------|----|-----------------------------------------------------------------------------------------------|

| 4. | The                reports and information provided herewith are accurate and complete                in all                respects and all amounts certified as Potential Prior-Ranking Claims                are                current amounts owing and not in arrears. |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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