A. Principal Life Insurance Company (“Lender”), has granted a loan (“Loan”) in initial face value of TWO MILLION FIVE HUNDRED THOUSAND AND NO/$100 ($2,500,000) to the Borrower. D. Payment of the loan is also secured by a separate guarantee agreement (“Guarantee”) entered into on October 30, 2000 between La Principale Life Insurance Company (and its successors and beneficiaries) and Applied Digital Solutions, Inc., a Delaware Corporation. Applied Digital Solutions, Inc. changed its legal name to Digital Angel Corporation on June 20, 2008. d. The Borrower acknowledges that the Agent is not required to provide loans or advances under the Loan Documents, unless expressly provided for in this Agreement. Commercial loans, including commercial real estate loans, often allow a business to start or expand its business. Unfortunately, a company`s cash flow can fluctuate and the same loans that enabled the business can cripple and even threaten the future of operations. 10. Duty Exemption.
The above disclosure shall and constitute a complete, complete and general release in favour of the parties to the Trust with respect to all claims, claims, actions, actions, actions and other matters described therein, including, but not limited to, claims, claims or claims based on alleged breach of the Trust, breach of an alleged duty of good faith; economic hardship, usury or any other theory, reason for intervention, event, matter or matter likely to result in liability on the part of the parties to the trust that arises or occurs on or before the effective date. . . .