Document:

THIRD AMENDMENT

Exhibit 10.43

THIRD AMENDMENT

TO

LIMITED PARTNERSHIP AGREEMENT

AND

AMENDED AND RESTATED LIMITED PARTNERSHIP CERTIFICATE

OF

COACHMAN'S LIMITED PARTNERSHIP

This THIRD AMENDMENT TO LIMITED PARTNERSHIP AGREEMENT AND AMENDED AND RESTATED LIMITED PARTNERSHIP CERTIFICATE OF COACHMAN'S LIMITED PARTNERSHIP (this "Amendment") is entered into as of the 23rd day of January, 2003.

RECITALS:

A.As of April 12, 1988, Interstate Business Corporation (the "General Partner") and one or more other parties (collectively, the "Limited Partners") formed a limited partnership known as Coachman's Landing Apartments (the "Partnership"), pursuant to the laws of the State of Maryland, and caused their Certificate of Limited Partnership of Coachman's Limited Partnership (the "Original Certificate") to be filed among the partnership records of the Maryland State Department of Assessments and Taxation (the 'Partnership Records") on April 21, 1988. The Original Certificate was amended by that certain Limited Partnership Agreement and Amended and Restated Limited Partnership Certificate of Coachman's Limited Partnership (the "Agreement and Amended and Restated Certificate"), signed by the General Partner the other Partners in the Partnership, and filed among the Partnership Records on November 30, 1988. The Original Certificate, as amended by the aforesaid Agreement and Amended and Restated Certificate, and as the same has been or may have been further amended, is referred to herein as the "Certificate". The organizational documents of the Partnership, including the Certificate and this Amendment (collectively, the "Partnership Organizational Documents"), are listed on Exhibit A which is attached hereto and incorporated herein by reference. Capitalized terms used herein without definition shall have the meanings given to them in the Partnership Organizational Documents.

B.This Amendment is entered into by the General Partner and by AMERICAN HOUSING PROPERTIES, L.P., a Delaware corporation (the "Managing General Partner") to reflect the admission of the Managing General Partner as Managing General Partner of the Partnership and as Limited Partner in the Partnership, the withdrawal from the Partnership of a former Limited Partner, and for other purposes as set forth herein.

NOW, THEREFORE, in consideration of the foregoing, which is incorporated herein by reference as if fully restated, and in further consideration of the mutual representations, warranties, covenants, promises, certifications and agreements herein, and for other good and valuable consideration, the receipt and sufficiency of all of which are hereby acknowledged, the parties hereby agree as follows:

1.Admission as Partner.

(a)Managing General Partner. Pursuant to the Partnership Organizational Documents, the Managing General Partner is hereby admitted to the Partnership as Managing General Partner, with a Percentage Interest as set forth in Exhibit A attached hereto. By signing below, the Managing General Partner hereby agrees to bound in all respects by the Partnership Organizational Documents. All other general and limited partners in the Partnership are also signing below to signify their concurrence in the admission of the Managing General Partner as Managing General Partner in the Partnership with Percentage Interest as aforesaid.

(b)Limited Partner. Pursuant to the Partnership Organizational Documents, the Managing General Partner is hereby admitted to the Partnership as a Limited Partner, with a Percentage Interest as set forth in Exhibit A attached hereto. By signing below, the Managing General Partner hereby agrees to bound in all respects by the Partnership Organizational Documents. All other general and limited partners in the Partnership are also signing below to signify their concurrence in the admission of the Managing General Partner as Limited Partner in the Partnership with Percentage Interest as aforesaid.

2.Withdrawal; Redemption. The Withdrawing Partner identified as such on the signature page hereto (the "Withdrawing Partner') hereby withdraws from the Partnership. By signing below, the Managing General Partner and all other general and limited partners in the Partnership hereby acknowledge and accept the said withdrawal by the Withdrawing Partner from the Partnership, and hereby redeem all interests of the Withdrawing Partner in the Partnership.

3.General.

(a)Notices hereunder and under the Partnership Organizational Documents shall be in writing and shall be deemed to be sufficiently given or made when delivered via prepaid certified or registered first class U.S. mail, return receipt requested, to the parties at their addresses set forth on Exhibit A hereto. The notice addresses of the parties for the purpose hereof may be changed at any time and from time to time by notice given in accordance with the foregoing.

(b)This Amendment has been executed in, is to be performed in, and shall be enforced, governed and construed in all respects in accordance with the laws of the State of Maryland. This Amendment and the rights, powers and duties set forth herein shall be binding upon and inure to the benefit of the parties and their legal representatives, successors assigns. In the event that any provision of this Amendment is invalid or unenforceable under any applicable statute or rule of law, then such provision shall be deemed inoperative to the extent of such invalidity or unenforceability and shall be deemed modified to conform with such statute or rule of law. Any provision hereof which may prove invalid or unenforceable shall not affect the validity or unenforceability of any other provision hereof. This Amendment may be executed in multiple counterparts and/or via multiple and separate signature pages. All such counterparts and signature pages shall constitute collectively one Amendment.

 

IN WITNESS WHEREOF, the parties have executed this Amendment under seal as of the date first set forth above.

	
General Partner:

INTERSTATE BUSINESS CORPORATION

a Delaware corporation

By:  /s/ J. Michael Wilson

       J. Michael Wilson, President

Managing General Partner

AMERICAN HOUSING PROPERTIES, L.P.

a Delaware limited partnership

By:  /s/ J. Michael Wilson

Print:  J. Michael Wilson

Title:  President

The undersigned hereby consents to the foregoing and, upon and immediately after admission of the Managing General Partner as a Partner in the Partnership, has withdrawn and hereby withdraws from the Partnership.

Withdrawing Limited Partner:

WILSON SECURITIES CORPORATION,

a Delaware corporation

By:  /s/ J. Michael Wilson

       J. Michael Wilson, President

Exhibit A

Coachman's Limited Partnership

January 23, 2003

ORGANIZATIONAL DOCUMENTS:

Limited Partnership Certificate of Coachman's Limited Partnership, filed April 21, 1988

Limited Partnership Agreement and Amended and Restated Limited Partnership Certificate of Coachman's Limited Partnership, filed November 30, 1988

Assignment of Partnership Interest and Amendment to the Certificate of Limited Partnership of Coachman's Limited Partnership, dated as of June 30, 1997

IGC transferred 0.9 percent GP interest, and 49 percent LP interest, to IBC

Assignment of Partnership Interest and Amendment to the Certificate of Limited Partnership of Coachman's Limited Partnership, dated as of September 28, 2001

IGC transferred 0.1 percent GP interest to IBC, and withdrew from the Partnership

IBC transferred 0.1 percent LP interest to WSC

Third Amendment to Limited Partnership Agreement and Amended and Restated Limited Partnership Certificate of Coachman's Limited Partnership, dated January 23, 2003

Admission of American Housing Properties, L.P. as Limited Partner and Managing General Partner

Withdrawal of Wilson Securities Corporation as Limited Partner

	
PARTNERSHIP INTERESTS:
	 	 
	 	
Capital Contribution
	
Percentage Interest

	
Managing General Partner:

American Housing Properties, L.P.

222 Smallwood Village Center

St. Charles (Waldorf), Maryland  20602

301-843-8600

Limited Partner:

American Housing Properties L.P.

222 Smallwood Village Center

St. Charles (Waldorf), Maryland 20602

301-843-8600

General Partner

Interstate Business Corporation

222 Smallwood Village Center

St. Charles (Waldorf), Maryland 20602

301-843-8600
	

$126,316.00

$1,073,684.00

N/A
	

10%

85%

5%<PAGE>

                                                                 Exhibit 10.29

March 24, 2003

PERSONAL AND CONFIDENTIAL

Mr. Jerome C. Artigliere
c/o Applied Digital Solutions, Inc.
400 Royal Palm Way, Suite 410
Palm Beach, FL 33480

Re: Letter Agreement between Applied Digital Solutions, Inc. and
    ------------------------------------------------------------
    J. C. Artigliere
    ----------------

Dear Jerry:

This will confirm that you and Applied Digital Solutions, Inc. ("ADSX") have
agreed to the following:

     1.   The consideration set forth in this letter agreement ("Agreement")
          to be provided by ADSX is in full satisfaction of all compensation and
          other benefits owed to you under your employment agreement and
          otherwise by ADSX.

     2.   You shall receive 4,750,000 shares of common stock of ADSX (the
          "Shares") immediately upon registration of such Shares. ADSX shall
          promptly, and in any event prior to May 1, 2003, file for registration
          of such shares with the Securities and Exchange Commission ("SEC") and
          shall complete such registration no later than December 31, 2003. Such
          registration statement shall remain effective for at least one year.
          ADSX shall advise you immediately when the SEC has issued a no comment
          letter or declared the registration statement effective.

     3.   All of your stock options (for ADSX stock) shall be immediately
          vested and exercisable by you and the exercise price shall be 1 cent
          per share. The other terms and conditions of such options shall remain
          unchanged.

     4.   The number of shares of ADSX stock mentioned in paragraphs 2 and 3
          and the option price of 1 cent per share shall be appropriately
          adjusted in the event of any stock split, stock dividend, reverse
          stock dividend or similar event.

     5.   Except for the obligations set forth in this Agreement, you and
          ADSX hereby release, remise, acquit, and forever discharge the other
          from all claims, demands, contracts, agreements (other than option
          grants), causes of actions, sums of money that either of us may have
          or may hereafter hence based on any event which has occurred except
          for releases that are prohibited by law. The foregoing release of and
          by ADSX includes all of its subsidiaries and affiliates. In addition
          your release of ADSX includes ADSX, its subsidiaries, affiliates, and
          each of their respective employees, officers, agents, attorneys,

<PAGE>
<PAGE>

Mr. Jerome C. Artigliere
March 24, 2003
Page 2

          and representatives. You are not releasing ADSX and its subsidiaries
          from any indemnification obligation any of them have because you were
          an officer or director of any of them.

     6.   If a shareholder vote is required, ADSX covenants to put such items
          as requires shareholder approval in the proxy (in which case any time
          requirements on either party set forth herein shall be extended by
          such amount of time required by the inclusion in the proxy).

     7.   We represent that this Agreement has been approved by the Board of
          Directors of ADSX, and that the appropriate body of ADSX has agreed to
          amend the stock options in the manner set forth above.

     8.   YOU ACKNOWLEDGE THAT BY AGREEING TO THIS YOU ARE EXCHANGING
          SUBSTANTIAL CONSIDERATION (MUCH OR MOST OF WHICH WOULD BE PAYABLE IN
          CASH) AND OTHER BENEFITS IN EXCHANGE FOR THE CONSIDERATION SET FORTH
          HEREIN. YOU HAVE BEEN GIVEN THE OPPORTUNITY TO SEEK LEGAL AND OTHER
          COUNSEL.

     9.   The provisions of Paragraph 13 (nondisclosure; return of records)
          of your Employment Agreement shall remain in full force and effect.

    10.   You represent:

               (1)  The Shares to be received by you hereunder will be
                    acquired for your own account, not as nominee or
                    agent, for investment purposes and not with a view to,
                    or for offer or sale in connection with directly or
                    indirectly, any distribution in violation of the
                    Securities Act of 1933, as amended, or any other
                    applicable securities law ("Securities Act").

               (2)  You are not a registered broker dealer or engaged in the
                    business of being a broker dealer.

               (3)  You acknowledge (i) that you can bear the economic
                    risk and complete loss of your investment in the
                    Shares and have such knowledge and experience in
                    financial or business matters that you are capable of
                    evaluating the merits and risks of the investment
                    contemplated hereby, and (ii) that there may be
                    material adverse nonpublic information regarding the
                    ADS that could affect the value of the Shares.

               (4)  You are an accredited investor as defined in Rule 501(a)
                    of Regulation D, as amended, under the Securities Act.

<PAGE>
<PAGE>

Mr. Jerome C. Artigliere
March 24, 2003
Page 3

    11.   You will sign such releases and other similar documents as our
          lender shall require, provided that no such release or other similar
          document shall obligate you in any way on our loan.

If the foregoing correctly sets forth the understanding between us, please sign
and return the enclosed copy of this Agreement.

Very truly yours,

APPLIED DIGITAL SOLUTIONS, INC.

By:
   ----------------------------------
Title:
      -------------------------------

Read and Agreed to
this     day of March, 2003.
     ---

-------------------------------------
Jerome C. Artigliere

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