WAIVER AND RELEASE

Forbearance Agreement

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This Forbearance Agreement involves

VeriChip CORP | Applied Digital Solutions, Inc.

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Title: WAIVER AND RELEASE
Date: 12/29/2005

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Waiver and Release between Applied Digital Solutions, Inc. and the Registrant

Exhibit 2.4

Waiver and Release

WHEREAS, Applied Digital Solutions, Inc. (the “Company”) and VeriChip Corporation (“VeriChip”) are parties to that certain Exchange Agreement, dated as of June 9, 2005 (the “Exchange Agreement”).

WHEREAS, the Company desires to waive certain of its rights, and release VeriChip from certain of its obligations, under the Exchange Agreement pursuant to Section 11 thereof.

NOW, THEREFORE, for good and valuable consideration, the receipt, legal sufficiency, and reasonably equivalent value of which, are hereby mutually acknowledged, the parties, intending to be legally bound, agree as follows:

The Company hereby waives any rights it may have in or to the Supply and License Agreement, or the Amended Supply and License Agreement, pursuant to the terms of the Exchange Agreement.

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