Document:

Trademark Assignment Agreement

 Exhibit 10.35 
 TRADEMARK ASSIGNMENT AGREEMENT 
 This Trademark Assignment Agreement (the
“Agreement”) is entered into this 21st day of December, 2006 (the “Effective Date”) by and between Applied Digital Solutions, Inc., a corporation duly organized and existing under the laws of the State of
Missouri and having it principal place of business at 1690 S. Congress Avenue, Suite 200, Delray Beach, FL 33445 (“Assignor”) and VeriChip Corporation, a corporation duly organized and existing under the laws of the State of
Delaware and having it principal place of business at 1690 S. Congress Avenue, Suite 200, Delray Beach, FL 33445 (“Assignee”). 
 A. WHEREAS, Assignor owns the entire right, title and interest in and to certain U.S. and foreign trademarks and services marks, both registered and unregistered, and applications for trademark and service mark registrations filed with the
United States Trademark Office and foreign trademark applications, as listed in attached Exhibit A or otherwise using the prefix “Veri” (collectively the “Marks”); 
 B. WHEREAS Assignor owns 100% of the outstanding stock of Assignee; 
 C. WHEREAS, Assignor and Assignee entered into a certain Trademark License Agreement effective the 5th day of August, 2005 (the “License Agreement”) which, among other provisions, 
 (i) granted certain licenses to Assignee to use the Marks; 
 (ii) provided for termination of the License Agreement upon such time as (a) Assignor ceases to own 100% of the outstanding stock of Assignee and (b) Assignor and Assignee have failed, after good faith
negotiations, to reach an agreement providing for, inter alia, the payment of royalties; and 
 (iii) in Section 12, obligated
Assignee to discontinue use of the Marks upon termination of the License Agreement; 
 D. WHEREAS, Assignor is preparing to issue stock of
Assignee to the public; and 
 E. WHEREAS Assignee desires to acquire all of Assignor’s right, title and interest, in and to the Marks
together with all the goodwill of the business symbolized thereby, and Assignor desires to assign all such right, title and interest in and to the Marks to Assignee, upon the terms and conditions set forth herein. 
 NOW, THEREFORE, for good and valuable consideration the receipt and sufficiency of which is hereby acknowledged by Assignor, the parties agree as
follows: 
 1. Assignor hereby conveys and assigns to Assignee, and Assignee hereby accepts from Assignor, all of Assignor’s right, title
and interest in and to the Marks, together with the goodwill of the business symbolized by the Marks. 

 2. Assignor represents and warrants that: 
 (i) Assignor owns the entire right, title and interest in and to the Marks; 
 (ii) all registrations for the Marks are currently valid and subsisting and in full force and effect; 
 (iii) Assignor has not licensed the Marks to any other person or entity or granted, either expressly or impliedly, any trademark or servicemark rights
with respect to the Marks to any other person or entity; 
 (iv) there are no liens or security interests against the Marks; 
 (v) Assignor has all authority necessary to enter into this Agreement and the execution and delivery of this Agreement has been duly and validly
authorized; and 
 (vi) execution of this Assignment and performance of Assignor’s obligations hereunder shall not violate or conflict
with any other agreement to which Assignor is a party or provision of Assignor’s Certificate of Incorporation or By-laws. 
 3. Assignor
shall execute and deliver to Assignee on or before the Effective Date the Trademark Assignment in the form shown in Exhibit B. At any time, and from time to time after the Effective Date, at Assignee’s request, Assignor shall execute and
deliver such other instruments of sale, transfer, conveyance, assignment and confirmation and take such other action, at Assignor’s expense, as Assignee may reasonably deem necessary or desirable in order to perfect or otherwise enable the
transfer, conveyance and assignment to Assignee and to confirm Assignee’s title to the Marks and any and all federal and state trademark registrations thereof or applications therefore. Assignor further agrees to assist Assignee and to provide
such reasonable cooperation and assistance to Assignee, at Assignee’s expense, as Assignee may reasonably deem necessary and desirable in exercising and enforcing Assignee’s rights in the Marks. 
 4. Within 15 days of the execution of this Agreement, Assignee will pay Assignor the sum of $10. 
 5. After the Effective Date, Assignor agrees to make no further use of the Marks or any mark confusingly similar thereto, anywhere in the world, except
as may be expressly authorized by the parties in writing, and Assignor agrees to not challenge Assignee’s use or ownership, or the validity, of the Marks. 
 6. Assignor and Assignee agree that the terms of this Agreement shall take precedence over any contrary terms of the License Agreement, including expressly Section 12 of the License Agreement. 
 7. This Agreement shall be binding on and shall inure to the benefit of the parties to this Agreement and their successors and assigns, if any.

 8. Miscellaneous. 
 (a) This Agreement, Exhibit A, and the Trademark Assignment whose form is shown in Exhibit B constitute the entire agreement of the parties with regard to the subject matter hereof. No modifications of or additions to
this Agreement shall have effect unless in writing and properly executed by both parties, making specific reference to this Agreement by date, parties, and subject matter. 
 (b) This Agreement and the rights and obligations of the parties hereunder shall be governed by and construed in accordance with the laws of Florida,
without regard to its conflict of laws principles, and shall be enforceable against the parties in the courts of Florida. For such purpose, each party hereby irrevocably submits to the jurisdiction of such courts, and agrees that all claims in
respect of this Agreement may be heard and determined in any of such courts. 
 (c) This Agreement may be signed by each party separately, in
which case attachment of all of the parties’ signature pages to this Agreement shall constitute a fully-executed agreement. 
 (d) Any
provision of this Agreement that is invalid, illegal or unenforceable in any jurisdiction shall, as to that jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability, without affecting in any way the remaining
provisions of this Agreement in such jurisdiction or rendering that or any other provision of this Agreement invalid, illegal or unenforceable in any other jurisdiction. 
 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their respective duly authorized representatives as of the day and year above written. 
  

					
	ASSIGNOR:	 		  	ASSIGNEE:
			
	Applied Digital Solutions, Inc	 		  	VeriChip Corporation
			
	By: /s/
Michael Krawitz                                     
               	 		  	By: /s/ Scott
Silverman                                    
			
	Name: Michael
Krawitz                                       
             	 		  	Name: Scott
Silverman                                    
			
	Title: Chief Executive
Officer                                       
     	 		  	Title: Chief Executive
Officer                         

 Exhibit A 
  

											
	 Serial No.
	  	Country	  	 Title/Mark
	  	FILE DATE	  	REG. No.	  	REG. DATE
	 78/032295
	  	US	  	TECHNOLOGY THAT CARES	  	10/25/2000	  		  	
						
	 78/099039
	  	US	  	VERICHIP	  	12/19/2001	  		  	
						
	 2,425,463
	  	Argentina	  	VERICHIP	  	4/21/2003	  	680, 295	  	
						
	 825387060
	  	Brazil	  	VERICHIP	  	4/21/2003	  		  	
						
	 1,176,009
	  	Canada	  	VERICHIP	  	4/25/2003	  		  	
						
	 605929
	  	Chili	  	VERICHIP	  	4/28/2003	  	680295	  	12/3/2003
						
	 3538381
	  	China	  	VERICHIP	  	4/24/2003	  		  	
						
	 03022969
	  	Colombia	  	VERICHIP	  	4/22/2003	  		  	
						
	 002912319
	  	CTM
(Europe)	  	VERICHIP	  	10/29/2002	  	2912319	  	
						
	 131873
	  	Ecuador	  	VERICHIP	  	3/6/2003	  	23971	  	6/24/2003
						
	 2003-18440
	  	Korea	  	VERICHIP	  	4/22/2003	  	611263	  	
						
	 592475
	  	Mexico	  	VERICHIP	  	3/14/2003	  	790076	  	4/30/2003
						
	 2003716292
	  	Russia	  	VERICHIP	  	8/22/2003	  		  	
						
	 2004-00069
	  	South
Africa	  	VERICHIP	  	1/5/2004	  		  	
						
	 05801/2003
	  	Switzerland	  	VERICHIP	  	11/25/2003	  	519350	  	3/18/2004
						
	 092019313
	  	Taiwan	  	VERICHIP	  	4/22/2003	  	Reg. No. 01091002	  	
						
	 3433-2002
	  	Venezuela	  	VERICHIP	  	3/28/2003	  		  	
						
	 78/119040
	  	US	  	VERIPASS	  	4/2/2002	  	2,807,427	  	1/20/2004
						
	 78/103916
	  	US	  	GET CHIPPED	  	1/21/2002	  	2772634	  	10/7/2003
						
	 826113800
	  	Brazil	  	VERIMED	  	12/9/2003	  		  	
						
	 003542271
	  	CTM
(Europe)	  	VERIMED	  	12/8/2003	  		  	
						
	 633078
	  	Mexico	  	VERIMED	  	12/8/2003	  	831309	  	
						
	 78/259979
	  	US	  	VERIMED	  	6/9/2003	  		  	
						
	 78/882482
	  	US	  	VERITRACE	  	5/12/2006	  		  	

											
	 Serial No.
	  	Country	  	 Title/Mark
	  	FILE DATE	  	REG. No.	  	REG. DATE
	 Not yet assigned
	  	Brazil	  	VERIGUARD	  	11/14/2003	  		  	
						
	 003574233
	  	CTM (Europe)	  	VERIGUARD	  	12/8/2003	  		  	
						
	 633076
	  	Mexico	  	VERIGUARD	  	12/8/2003	  	831307	  	
						
	 8261138000
	  	Brazil	  	VERIPAY	  	12/9/2003	  		  	
						
	 003574167
	  	CTM (Europe)	  	VERIPAY	  	12/8/2003	  		  	
						
	 633077
	  	Mexico	  	VERIPAY	  	12/8/2003	  	831309	  	
						
	 78/260027
	  	US	  	VERIPAY	  	6/9/2003	  		  	
						
	 826059325
	  	Brazil	  	VERIKID	  	11/14/2003	  		  	
						
	 78/309237
	  	US	  	VERIKID	  	10/3/2003	  		  	

 Common law marks 
 CHIPMOBILETM, a standard character mark

 SECURITY THROUGH INNOVATIONTM, a standard character mark 
 THERE WHEN YOU NEED ITTM, a standard character mark 

 Exhibit B 
 IN THE UNITED STATES PATENT AND TRADEMARK OFFICE 
 TRADEMARK ASSIGNMENT 
 WHEREAS, Applied Digital Solutions, Inc., a corporation duly organized and existing under the laws of the State of Missouri and having it principal place
of business at 1690 S. Congress Avenue, Suite 200, Delray Beach, FL 33445 (“Assignor”) owns all the right, title and interest in and to the federal trademark registrations of the marks identified in Schedule A hereto (the
“Marks”) and all foreign registrations everywhere in the world; and 
 WHEREAS, VeriChip Corporation, a corporation duly
organized and existing under the laws of the State of Delaware and having it principal place of business at 1690 S. Congress Avenue, Suite 200, Delray Beach, FL 33445 (“Assignee”), desires to acquire all right, title and interest in
and to the Marks, the registrations thereof, and the goodwill associated therewith. 
 NOW THEREFORE, for good and valuable consideration,
receipt of which is hereby acknowledged, Assignor hereby conveys and assigns to Assignee the entire right, title and interest in and to the Marks together with all goodwill of the business represented and symbolized thereby with all rights to sue
and recover damages and/or profits for past infringements. 
  
  

					
	_______________________	  	Applied Digital Solutions, Inc.
	 Date
	  		  	
			
		  	By:	  	________________________________
			
		  	Name:	  	
			
		  	Title:Letter Agreement

 Exhibit 10.36 
 August 2, 2006 
 Mr. William Caragol 
 C/O GTI 
 4500 Southgate Place, Suite 300 
 Chantilly, VA 20151 
 Dear Bill: 
 On behalf of VeriChip Corporation (the “Company”), 1 am pleased to extend an offer to you to join the Company as its Chief Financial Officer on August 21,
2006. It is anticipated that you will be relocating to Florida by December 31, 2006. The company will reimburse you for moving expenses (as defined below) from your current location to your new location in Florida. 
 In such position, you would be reporting directly to Kevin McLaughlin, CEO of the Company. You’ll be based in the Delray Beach office. Some travel will be required.

 It is understood that due to the arrival of a new baby due in early September that you will be working mostly from Virginia from August 31 through
September 13 and that you may be unavailable from September 7 through September 11th. It is further understood that if the IPO Road Show begins or other critical IPO issues arise you will make every attempt to accommodate the company
during this time. 
 Salary 
 Your initial base salary
will be at an annual rate equal to $150,000 (less applicable payroll taxes and withholding) paid on a bi-weekly basis (“Base Salary”). 
 Incentive Compensation 
 In addition to your salary, you will be eligible to participate in an executive bonus plan. Like all senior officers
of the Company, your bonus plan is determined by the Compensation Committee of the Company’s Board of Directors. A specific CFO bonus program will be initiated based on objectives for the balance of the year. The bonus will be $75,000 based on
100% attainment of those objectives. 
 You will be issued a 150,000 stock option grant (pre-split) at the current price vested over a three year period. In
case of a stock split this option grant is based on a pre-split basis and will change if there is a stock split. It is assumed that you would receive no less than 50,000 net options post split. The other terms and conditions of the stock option plan
are set forth in separate documents which will control any terms related to stock options. 
  

	*	Moving and related expenses 

 Travel and lodging
costs of the weekly commute to and from Florida/Virginia until the sooner of the move to Florida or December 31, 2006 
 Travel costs for
the family at move time - plus one home search trip for spouse 

 In the event that the move occurs and the employee becomes burden with two residences for a period of
time, the company will reimburse the lesser of the two (monthly mortgage payment and monthly property tax) for a period that ends at the sooner of: ninety days after the payments begin or March 31, 2007 
 Broker Commission on the sale of the employee home in Virginia not to exceed $40,000 total which includes the temporary mortgage and property tax as
listed above. (the commission and temporary expenses cannot exceed $40,000) 
 Cost of moving, packing, transport, unpacking, insurance, plus
transport of one or two automobiles 
 * Subject to VeriChip Board approval 
 Benefits 
 You will also be entitled to participate in other employee benefits that are generally available for
similarly situated employees (401(k), company-paid health insurance). More information on your employment, including the Company’s vacation policy is contained in the Company’s employee handbook, a copy of which is available to you.

 Proprietary Information and Inventions 
 A. The Company is engaged in a continuous program of research, design, development, production, marketing and servicing with respect to its business and that as part of your employment by the Company, you are (or may be) expected to make
new contributions and inventions of value to the Company. 
 B. The Company and its affiliates possess, and will continue to possess,
information that has been created, discovered or developed by, or otherwise become known to, the Company and/or its affiliates (including, without limitation, information created, discovered, developed, or made known by you during the period of or
arising out of your employment by the Company, whether before of after the date hereof) or in which property rights have been or may be assigned or otherwise conveyed to the Company or its affiliates. Such information, whether such information has
commercial value in the business in which the Company or its affiliates are engaged, shall be treated by you as confidential. All such information if hereinafter called “Proprietary Information”, which term, as used herein, shall also
include, but shall not be limited to, systems, processes, formulas, data, functional specifications, computer programs, blueprints, know-how, improvements, discoveries, designs, inventions, techniques, marketing plans, strategies, forecasts, new
products, unpublished financial statements, budgets, projections, licenses, prices, costs and customer and supplier lists; provided, however, that the term “Proprietary Information” shall not include any of the foregoing which is in the
public domain other than by breach hereof. 
 C. All existing lists of customers of the Company and its affiliates, and all lists of
customers of the Company and its affiliates developed during the course of your engagement by the Company, are and shall be the sole and exclusive property of the Company or the respective affiliate, and you neither have nor shall have any right,
title, or interest therein; such lists of customers are and must continue to be confidential; such lists of customers are not readily accessible to competitors of the Company or its affiliates; and the Company’s and its affiliates’ present
and future business relationship with their customers is and will continue to be a of a type which normally continues unless interfered with by others. 
 Ownership of Proprietary Information 
 All Proprietary Information shall be the sole property of the Company or the respective affiliate, and
the Company and its affiliates shall be the sole owner of all copyrights, trademarks and other rights in connection therewith (the “Intellectual Property”). You 

 
hereby assign to the Company any rights you may have or acquire in such Proprietary Information and the Intellectual Property. You hereby acknowledge that
all Proprietary Information is and must continue to be confidential and that the same is not readily accessible to competitors of the Company or its affiliates. At all times, both during the term of your employment with the Company and after any
termination, you agree to keep in strictest confidence and trust all Proprietary Information and you will not use nor disclose any Proprietary Information without the prior written consent of the Company, except as may be necessary in the ordinary
course of performing your duties as an employee of the Company. 
 Disclosure of Inventions 
 You agree to promptly disclose to the Company (or any persons designated by it) all discoveries, developments, designs, improvements, inventions, blueprints, formulas,
processes, techniques, computer programs, strategies, know-how and data, whether or not patentable or registerable under copyright or similar statutes, made or conceived or reduced to practice or learned by you, either alone or jointly with others,
during the period of your employment that are related to the business of the Company, result from tasks assigned to you by the Company or result from the use of premises or property (including computer systems and engineering facilities) owned,
leased or contracted for by the Company (all such discoveries, developments, designs, improvements, inventions, formulas, processes, techniques, computer programs, strategies, blueprints, know-how, and date are hereinafter referred to as
“Inventions”). You also agree to promptly disclose to the Company, and the Company hereby agrees to receive all such disclosures in confidence, all other discoveries, developments, designs, improvements, inventions, formulas, processes,
techniques, computer programs, strategies, blueprints, know-how and data, whether or not patentable or registerable under copyright or similar statutes, made or conceived or reduced to practice or learned by you, either alone or jointly with others,
during the period of your engagement for the purpose of determining whether they constitute “Inventions”, as defined above. 
 Ownership of
Inventions 
 All Inventions shall be the sole property of the Company or its respective affiliate, and the Company or its affiliates shall be the sole
owner of all patents, copyrights, trademarks and other rights in connection therewith. You hereby assign to the Company any rights you may have or acquire in such Inventions. You shall assist the Company in every proper way as to all such Inventions
(but at the Company’s expense) to obtain and, from time to time, enforce patents, copyrights, trademarks, and other rights and protections relating to said Inventions in and all countries, and to that end, you will execute all documents for use
in applying for and obtaining such patents, copyrights, trademarks and other rights and protections on and enforcing such Inventions, as the Company may desire, together with any assignments thereof to the Company or persons designated by it. Your
obligation to assist the Company in obtaining and enforcing patents, copyrights, trademarks and other rights and protections relating in such Inventions in any and all countries shall continue beyond any termination of your employment, by the
Company shall compensate you at a reasonable rate after your termination for time actually spent by you at the Company’s request on such assistance. In the event the company is unable, after reasonable effort, to secure your signature on any
document or documents needed to apply for or prosecute any patent, copyright, or other right or protection relating to an Invention, for any reason whatsoever, you hereby irrevocably designate and appoint the Company and its duly authorized officers
and agents as your agent and attorney-in-fact, to act for and on your behalf to execute and file any such application or applications and to do all other lawfully permitted acts to further the prosecution and issuance of patents, copyrights or
similar protections thereon with the same legal force and effect as if executed by you and you hereby ratify, affirm and approve all such lawfully permitted act accordingly. 

 Agreement Not to Solicit Customers 
 During the course of your engagement and for a period of one (1) year following the termination thereof, you agree not to, directly or indirectly, as owner, officer, director, stockholder, partner, associate,
consultant, manager, advisor, representative, employee, agent, creditor or otherwise, attempt to solicit or in any other way disturb or service any person, firm or corporation that has been a customer, employee or vendor of the Company or any of its
current or future affiliates at any time or times within one (1) year prior to any termination of your employment with the Company, whether or not you had direct responsibility for a contact with such customer, employee or vendor. 

Remedies 
 You acknowledge that a remedy at law for any breach or
threatened breach of the provisions of this letter would be inadequate and, therefore, agree that the Company shall be entitled to injunctive relief in addition to any other available rights and remedies in case of any such breach or threatened
breach; provided, however, that nothing contained herein shall be construed as prohibiting the Company from pursuing any other remedies available for any such breach or threatened breach. Moreover, any breach of this letter shall allow the Company
or its affiliates to terminate any agreement, including any bonus or commission agreement and any option agreement or grant. Notwithstanding the foregoing, any accrued salary and vacation pay that has been actually accrued date of any termination of
engagement shall remain due and payable. Moreover, no termination shall affect any rights any employee has under the Consolidated Omnibus Budget Reconciliation Act (COBRA). 
 The offer is contingent upon satisfactory completion of a background check, which may be facilitated by your completion and returning to me of the enclosed consent. Please also note that this letter is an offer to
join the Company; it is not an employment agreement. Your employment will be at-will. 
 If acceptable please execute a copy
of this letter and return it to my attention. 
 On behalf of the Company, I would like to convey our excitement at the prospect of your joining us for what
we are certain will be a rewarding and successful future together. 
 Should you have any questions or comments regarding the foregoing, please feel free to
telephone me at (561) 805-8006. 
  

					
	Agreed and Accepted:	 		 	 VERICHIP CORPORATION

			
	 /s/ William Caragol
	 		 	 /s/ Kevin McLaughlin

	 William Caragol
	 		 	 Kevin McLaughlin

	 8/2/06
	 		 	 CEO

		 		 	 07/02/06

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