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

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,

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