Document:

Exhibit 10.87

SYSTRAN
Financial Services Corporation

a subsidiary of Textron Financial Corporation

COLLATERALIZED
GUARANTY AGREEMENT

This
Guaranty Agreement (“Guaranty”) is made by AHHC Acquisition Corporation,
Arizona Home Health Care/Private Duty, Inc., Baker Anderson Christie, Inc., BAC
Acquisition Corporation, Care Pros Staffing, Inc., CPS Acquisition Corp., CRDE
Corp., GHS Acquisition Corporation, HIP Acquisition Corporation, HIP Holding
Inc., iVOW Acquisition Corporation, NAS Acquisition Corporation, New Age
Staffing, Inc., NNI Acquisition Corporation, Nurses Network, Inc., PSR Nurses,
Ltd., PSR Nurse Recruiting, Inc., and PSR Nurses Holdings Corp., the
undersigned guarantors (individually and collectively “Guarantor”), whose
address is set forth on the last page hereof.

Crdentia Corp., Health Industry
Professionals, L.L.C., Mint Medical Staffing Odessa, LP, Prime Staff LP, and Staff Search Acquisition
Corp. dba Staff Search (individually and collectively “Customer”), who each
have an address of 5001 Lyndon B. Johnson Freeway, Suite 850, Dallas, TX 75244,
have applied to Systran Financial Services Corporation, a subsidiary of Textron
Financial Corporation (“SYSTRAN”) for factoring services, and as a condition of
providing such services to Customer, SYSTRAN has required Guarantor to provide
a Guaranty on the terms and conditions hereinafter set forth.

Guarantor acknowledges and
understands that this Guaranty is made for the purpose of providing additional
security to SYSTRAN to provide factoring services to Customer.

Therefore, in consideration of
providing such services to Customer, Guarantor unconditionally covenants,
warrants and agrees with SYSTRAN as follows:

1.  The assumption by
Guarantor of the obligations described herein will result in a direct financial
benefit both to Guarantor and to Customer.

2.  Guarantor unconditionally and irrevocably
guarantees to SYSTRAN (except as hereinafter expressly provided as to
revocability), without offset or deduction, the prompt payment and/or
performance of all indebtedness, obligations and liabilities of Customer at any
time owing to SYSTRAN, whether direct or indirect, matured or unmatured,
primary or secondary or certain or contingent (individually, a “Guaranteed
Obligation” and, collectively, the “Guaranteed Obligations”).   The obligation of Guarantor hereunder shall
be absolute and unconditional and shall remain in full force and effect until
all other Guaranteed Obligations have been discharged and satisfied in full and
SYSTRAN has expressly acknowledged the same.

The obligations of Guarantor
hereunder shall not be affected by the voluntary or involuntary liquidation,
dissolution, sale or other disposition of all or substantially all of the
assets of Customer or by Customer’s insolvency, receivership, bankruptcy,
assignment for the benefit of creditors, or similar proceedings affecting
Customer or any other Guarantor of Customer’s obligations to SYSTRAN.  The obligations of Guarantor shall remain in
full force and effect without regard to any extension or modification of terms
between SYSTRAN and Customer.

Guarantor further unconditionally
guarantees and agrees to pay SYSTRAN any and all payments or transfers made by
Customer to SYSTRAN under the Factoring Agreement and/or the Deposit and
Security Agreements contained therein, which payments and/or transfers are
avoided as preferential transfers, fraudulent transfers or otherwise in a
bankruptcy or other proceeding involving Customer, whether or not Customer’s
Factoring Agreement has been terminated, renounced or surrendered, or Customer
has been discharged from its obligations thereunder.

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3.  No set off, counterclaim, reduction or
diminution of any obligation or any defense of any kind or nature which
Customer may have against SYSTRAN shall be available to Guarantor hereunder,
and Guarantor hereby expressly waives the same as to SYSTRAN.

4.  Guarantor waives notice of any kind to
Guarantor personally and agrees that any notice given to Customer shall also be
deemed adequate notice to Guarantor.

5.  This Guaranty shall be deemed to be a
contract under the laws of the State of Oregon and for all purposes shall be
governed by and construed in accordance with the laws of that state.  Guarantor irrevocably agrees that any legal
action or proceeding brought by or against Guarantor with respect to the
Agreement shall be brought in the courts of the State of Oregon or in the U.S.
District Court for the District of Oregon. 
Guarantor consents to the jurisdiction of such courts and that the venue
for any such action shall be the County of Multnomah.  This provision shall not limit the right of
SYSTRAN to bring such actions or proceedings against Guarantor in the court of
such other states or jurisdictions where Guarantor may be subject to
jurisdiction.

6.  If SYSTRAN retains the services of an
attorney to enforce this Guaranty, Guarantor agrees to pay attorney’s fees and
other costs and expenses incurred by SYSTRAN even though no suit or action is
filed.  If a suit or action is filed, the
prevailing party shall be entitled to recover, in addition to costs and
expenses, such award of attorney’s fees as the trial or appellate court deems
reasonable.

7.  Upon the occurrence of a default by Customer
with respect to any of its obligations to SYSTRAN under the Factoring
Agreement, SYSTRAN shall then have the immediate right to proceed first and
directly against Guarantor under this Guaranty without proceeding against
Customer or exhausting any other remedies which it may have against Customer’s
obligations to SYSTRAN.

Guarantor hereby waives any
claim, right or remedy which such Guarantor may now have or hereafter acquire
against Customer that arise hereunder as a result of sums paid to SYSTRAN
pursuant to this Guaranty including, without limitation, any claim, remedy or
right of subrogation, reimbursement, exoneration, contribution,
indemnification, or participation in any claim, right or remedy of SYSTRAN
against Customer or any security which SYSTRAN now has or hereafter acquires,
whether or not such claim, right or remedy arises in equity, under contract, by
statute, under common law or otherwise.

8.  No remedy herein conferred upon SYSTRAN is
intended to be exclusive of any other available remedy or remedies, but each
and every such remedy shall be cumulative and shall be in addition to every
other remedy given under this Guaranty, now or hereafter existing at law or in
equity.  No delay or omission by SYSTRAN
to exercise any right accruing upon any default or failure of performance by
Customer to SYSTRAN shall be construed to be a waiver thereof, but any such
right and power may be exercised from time to time and as often as may be
deemed to be expedient by SYSTRAN.

9.  SECURITY INTEREST IN ACCOUNTS AND OTHER
COLLATERAL.  As security for Guarantor’s
performance of its obligation arising under this Guaranty, SYSTRAN shall have
and is hereby granted a first-priority security interest in all  present and future Bill(s) and Special
Purchase Bill(s) of Guarantor, together with
all guaranties, security, books and records, accounts, correspondence, and
documents with respect to such Bills; and, in addition, all now existing or hereafter acquired
accounts, inventory, goods, equipment, deposit accounts, chattel paper,
contract rights, real estate, fixtures, general intangibles, choses of action,
insurance contracts, instruments, and documents, and the proceeds of the
foregoing, including accessions, products and proceeds of the same, including
but not limited to insurance proceeds (the “Collateral”).

10.  FINANCING STATEMENT.  Guarantor shall not execute or file any
financing statement, supplements or amendments thereto, or any other instrument
or security agreement covering the collateral described above in favor of
anyone other than SYSTRAN.  Guarantor shall
execute and deliver to

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SYSTRAN any financing statements,
title documents, supplements or amendments thereto and any other instruments
which SYSTRAN from time to time may reasonably require to perfect, preserve,
protect or enforce the security interest of SYSTRAN hereunder or the priority of
such security interest.

11.  DEFAULT. 
Any breach of this Guaranty, including failure to pay any obligation
guaranteed, will constitute a default under this paragraph and shall entitle
SYSTRAN to pursue all remedies provided to it as a secured party under Article
9 of the Uniform Commercial Code, together with any and all other remedies
which may be available to it under this Guaranty.

12.  JURY TRIAL
WAIVER. In recognition of the higher costs and delay which may result
from a jury trial, the parties waive any right to trial by jury of any claim,
demand, action or cause of action (A) arising hereunder, or (B) in any way
connected with or related or incidental to the dealings of the parties hereto
or any of them with respect hereto, in each case whether now existing or
hereafter arising, and whether sounding in contract or tort or otherwise; and
each party further waives any right to consolidate any such action in which a
jury trial has been waived with any other action in which a jury trial cannot
be or has not been waived; and each party hereby agrees and consents that any
such claim, demand, action or cause of action shall be decided by court trial
without a jury, and that any party hereto may file an original counterpart or a
copy of this section with any court as written evidence of the consent of the
parties hereto to the waiver of their right to trial by jury.

13.  CREDIT INFORMATION. By signing this guaranty, Guarantor authorizes SYSTRAN, or any of it’s
affiliates, to obtain credit bureau reports, and make other credit inquiries
that SYSTRAN determines are necessary. 
On Guarantor’s written request, SYSTRAN will inform Guarantor whether it
has requested a consumer credit report and the name and address of any consumer
credit reporting agency that published a report.  Guarantor acknowledges that without further
notice SYSTRAN may use or request additional credit bureau reports to update
our information so long as Guarantor obligations to SYSTRAN are outstanding.

14.  MISCELLANEOUS PROVISIONS.  This Agreement shall be deemed to be a contract under the laws of the
State of Oregon and for all purposes shall be governed by and construed in
accordance with the laws of that state. 
Guarantor irrevocably agrees that any legal action or proceeding brought
by or against Guarantor with respect to the Agreement shall be brought in the
courts of the State of Oregon or in the U.S. District Court for the District of
Oregon.  Guarantor consents to the
jurisdiction of such courts and that the venue for any such action shall be the
County of Multnomah.  This provision
shall not limit the right of SYSTRAN to bring such actions or proceedings
against Guarantor in the court of such other states or jurisdictions where
Guarantor may be subject to jurisdiction.

IN
WITNESS WHEREOF, the Guarantor has executed this Guaranty or has caused this
Guaranty to be executed on its behalf by an officer or other person thereunto
duly authorized on the 8th day of February,
2007.

[SIGNATURE PAGES TO FOLLOW]

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  WITNESS (ES)

  	
   

  	
  CORPORATE OR PARTNERSHIP

  
	
   

  	
   

  	
  GUARANTOR:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  AHHC Acquisition Corporation

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Shirley Prichard

  	
   

  	
   

  	
  By:

  	
  /s/ James J.
  TerBeest

  	
   

  
	
  Print Name:

  	
    Shirley
  Prichard

  	
   

  	
   

  	
  Print Name:

  	
      James J. TerBeest

  	
   

  
	
  Print Title:

  	
   

  	
   

  	
   

  	
  Print Title:

  	
     Chief Financial Officer

  	
   

  
	
  Home Address:

  	
   

  	
   

  	
   

  	
  Address:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Home Telephone:

  	
   

  	
   

  	
   

  	
  Telephone:

  	
   

  	
   

  
														

 

	
  

  	
   

  	
  Arizona Home Health Care/Private Duty, Inc.

  
	
   

  	
   

  	
   

  
	
  By:

  	
           /s/
  Shirley Prichard

  	
   

  	
   

  	
  By:

  	
          /s/
  James J. TerBeest

  	
   

  
	
  Print Name:

  	
    Shirley
  Prichard

  	
   

  	
   

  	
  Print Name:

  	
      James J. TerBeest

  	
   

  
	
  Print Title:

  	
   

  	
   

  	
   

  	
  Print Title:

  	
     Chief Financial Officer

  	
   

  
	
  Home Address:

  	
   

  	
   

  	
   

  	
  Address:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Home Telephone:

  	
   

  	
   

  	
   

  	
  Telephone:

  	
   

  	
   

  
																		

 

	
  

  	
   

  	
  BAC Acquisition Corporation

  
	
   

  	
   

  	
   

  
	
  By:

  	
           /s/
  Shirley Prichard

  	
   

  	
   

  	
  By:

  	
          /s/
  James J. TerBeest

  	
   

  
	
  Print Name:

  	
    Shirley
  Prichard

  	
   

  	
   

  	
  Print Name:

  	
      James J. TerBeest

  	
   

  
	
  Print Title:

  	
   

  	
   

  	
   

  	
  Print Title:

  	
     Chief Financial Officer

  	
   

  
	
  Home Address:

  	
   

  	
   

  	
   

  	
  Address:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Home Telephone:

  	
   

  	
   

  	
   

  	
  Telephone:

  	
   

  	
   

  
															

 

	
  

  	
   

  	
  Baker Anderson Christie, Inc.

  
	
   

  	
   

  	
   

  
	
  By:

  	
           /s/
  Shirley Prichard

  	
   

  	
   

  	
  By:

  	
          /s/
  James J. TerBeest

  	
   

  
	
  Print Name:

  	
    Shirley
  Prichard

  	
   

  	
   

  	
  Print Name:

  	
      James J. TerBeest

  	
   

  
	
  Print Title:

  	
   

  	
   

  	
   

  	
  Print Title:

  	
     Chief Financial Officer

  	
   

  
	
  Home Address:

  	
   

  	
   

  	
   

  	
  Address:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Home Telephone:

  	
   

  	
   

  	
   

  	
  Telephone:

  	
   

  	
   

  
															

 

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  WITNESS (ES)

  	
   

  	
  CORPORATE OR PARTNERSHIP

  
	
   

  	
   

  	
  GUARANTOR:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Care Pros Staffing, Inc.

  
	
   

  	
   

  	
   

  
	
  By:

  	
            /s/ Shirley
  Prichard

  	
   

  	
   

  	
  By:

  	
          /s/
  James J. TerBeest

  	
   

  
	
  Print Name:

  	
    Shirley
  Prichard

  	
   

  	
   

  	
  Print Name:

  	
      James J. TerBeest

  	
   

  
	
  Print Title:

  	
   

  	
   

  	
   

  	
  Print Title:

  	
     Chief Financial Officer

  	
   

  
	
  Home Address:

  	
   

  	
   

  	
   

  	
  Address:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Home Telephone:

  	
   

  	
   

  	
   

  	
  Telephone:

  	
   

  	
   

  
															

 

	
  

  	
   

  	
  CPS Acquisition Corp.

  
	
   

  	
   

  	
   

  
	
  By:

  	
            /s/ Shirley
  Prichard

  	
   

  	
   

  	
  By:

  	
          /s/
  James J. TerBeest

  	
   

  
	
  Print Name:

  	
    Shirley
  Prichard

  	
   

  	
   

  	
  Print Name:

  	
      James J. TerBeest

  	
   

  
	
  Print Title:

  	
   

  	
   

  	
   

  	
  Print Title:

  	
     Chief Financial Officer

  	
   

  
	
  Home Address:

  	
   

  	
   

  	
   

  	
  Address:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Home Telephone:

  	
   

  	
   

  	
   

  	
  Telephone:

  	
   

  	
   

  
															

 

	
  

  	
   

  	
  CRDE Corp.

  
	
   

  	
   

  	
   

  
	
  By:

  	
            /s/ Shirley
  Prichard

  	
   

  	
   

  	
  By:

  	
          /s/
  James J. TerBeest

  	
   

  
	
  Print Name:

  	
    Shirley
  Prichard

  	
   

  	
   

  	
  Print Name:

  	
      James J. TerBeest

  	
   

  
	
  Print Title:

  	
   

  	
   

  	
   

  	
  Print Title:

  	
     Chief Financial Officer

  	
   

  
	
  Home Address:

  	
   

  	
   

  	
   

  	
  Address:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Home Telephone:

  	
   

  	
   

  	
   

  	
  Telephone:

  	
   

  	
   

  
															

 

	
  

  	
   

  	
  GHS Acquisition Corporation

  
	
   

  	
   

  	
   

  
	
  By:

  	
            /s/ Shirley
  Prichard

  	
   

  	
   

  	
  By:

  	
          /s/
  James J. TerBeest

  	
   

  
	
  Print Name:

  	
    Shirley
  Prichard

  	
   

  	
   

  	
  Print Name:

  	
      James J. TerBeest

  	
   

  
	
  Print Title:

  	
   

  	
   

  	
   

  	
  Print Title:

  	
     Chief Financial Officer

  	
   

  
	
  Home Address:

  	
   

  	
   

  	
   

  	
  Address:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Home Telephone:

  	
   

  	
   

  	
   

  	
  Telephone:

  	
   

  	
   

  
															

 

 5
 

 

	
  WITNESS (ES)

  	
   

  	
  CORPORATE OR PARTNERSHIP

  
	
   

  	
   

  	
  GUARANTOR:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  HIP Acquisition Corporation

  
	
   

  	
   

  	
   

  
	
  By:

  	
            /s/ Shirley
  Prichard

  	
   

  	
   

  	
  By:

  	
          /s/
  James J. TerBeest

  	
   

  
	
  Print Name:

  	
     Shirley
  Prichard

  	
   

  	
   

  	
  Print Name:

  	
   

  	
  James J. TerBeest

  	
   

  
	
  Print Title:

  	
   

  	
   

  	
   

  	
  Print Title:

  	
   

  	
  CFO

  	
   

  
	
  Home Address:

  	
   

  	
   

  	
   

  	
  Address:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Home Telephone:

  	
   

  	
   

  	
   

  	
  Telephone:

  	
   

  	
   

  
																

 

	
  

  	
   

  	
  HIP Holding Inc.

  
	
   

  	
   

  	
   

  
	
  By:

  	
            /s/ Shirley
  Prichard

  	
   

  	
   

  	
  By:

  	
          /s/
  James J. TerBeest

  	
   

  
	
  Print Name:

  	
     Shirley
  Prichard

  	
   

  	
   

  	
  Print Name:

  	
   

  	
  James J. TerBeest

  	
   

  
	
  Print Title:

  	
   

  	
   

  	
   

  	
  Print Title:

  	
   

  	
  CFO

  	
   

  
	
  Home Address:

  	
   

  	
   

  	
   

  	
  Address:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Home Telephone:

  	
   

  	
   

  	
   

  	
  Telephone:

  	
   

  	
   

  
																

 

	
  

  	
   

  	
  iVOW Acquisition Corporation

  
	
   

  	
   

  	
   

  
	
  By:

  	
            /s/ Shirley
  Prichard

  	
   

  	
   

  	
  By:

  	
          /s/
  James J. TerBeest

  	
   

  
	
  Print Name:

  	
     Shirley
  Prichard

  	
   

  	
   

  	
  Print Name:

  	
   

  	
  James J. TerBeest

  	
   

  
	
  Print Title:

  	
   

  	
   

  	
   

  	
  Print Title:

  	
   

  	
  CFO

  	
   

  
	
  Home Address:

  	
   

  	
   

  	
   

  	
  Address:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Home Telephone:

  	
   

  	
   

  	
   

  	
  Telephone:

  	
   

  	
   

  
															

 

	
  

  	
   

  	
  NAS Acquisition Corporation

  
	
   

  	
   

  	
   

  
	
  By:

  	
            /s/ Shirley
  Prichard

  	
   

  	
   

  	
  By:

  	
          /s/
  James J. TerBeest

  	
   

  
	
  Print Name:

  	
     Shirley
  Prichard

  	
   

  	
   

  	
  Print Name:

  	
   

  	
  James J. TerBeest

  	
   

  
	
  Print Title:

  	
   

  	
   

  	
   

  	
  Print Title:

  	
   

  	
  CFO

  	
   

  
	
  Home Address:

  	
   

  	
   

  	
   

  	
  Address:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Home Telephone:

  	
   

  	
   

  	
   

  	
  Telephone:

  	
   

  	
   

  
																

 

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  WITNESS (ES)

  	
   

  	
  CORPORATE OR PARTNERSHIP

  
	
   

  	
   

  	
  GUARANTOR:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  New Age Staffing, Inc.

  
	
   

  	
   

  	
   

  
	
  By:

  	
            /s/ Shirley
  Prichard

  	
   

  	
   

  	
  By:

  	
          /s/
  James J. TerBeest

  	
   

  
	
  Print Name:

  	
     Shirley Prichard

  	
   

  	
   

  	
  Print Name:

  	
   

  	
  James J. TerBeest

  	
   

  
	
  Print Title:

  	
   

  	
   

  	
   

  	
  Print Title:

  	
   

  	
  CFO

  	
   

  
	
  Home Address:

  	
   

  	
   

  	
   

  	
  Address:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Home Telephone:

  	
   

  	
   

  	
   

  	
  Telephone:

  	
   

  	
   

  
																

 

	
  

  	
   

  	
  NNI Acquisition Corporation

  
	
   

  	
   

  	
   

  
	
  By:

  	
            /s/ Shirley
  Prichard

  	
   

  	
   

  	
  By:

  	
          /s/
  James J. TerBeest

  	
   

  
	
  Print Name:

  	
     Shirley Prichard

  	
   

  	
   

  	
  Print Name:

  	
   

  	
  James J. TerBeest

  	
   

  
	
  Print Title:

  	
   

  	
   

  	
   

  	
  Print Title:

  	
   

  	
  CFO

  	
   

  
	
  Home Address:

  	
   

  	
   

  	
   

  	
  Address:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Home Telephone:

  	
   

  	
   

  	
   

  	
  Telephone:

  	
   

  	
   

  
																

 

	
  

  	
   

  	
  Nurses Network, Inc.

  
	
   

  	
   

  	
   

  
	
  By:

  	
            /s/ Shirley
  Prichard

  	
   

  	
   

  	
  By:

  	
          /s/
  James J. TerBeest

  	
   

  
	
  Print Name:

  	
     Shirley Prichard

  	
   

  	
   

  	
  Print Name:

  	
   

  	
  James J. TerBeest

  	
   

  
	
  Print Title:

  	
   

  	
   

  	
   

  	
  Print Title:

  	
   

  	
  CFO

  	
   

  
	
  Home Address:

  	
   

  	
   

  	
   

  	
  Address:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Home Telephone:

  	
   

  	
   

  	
   

  	
  Telephone:

  	
   

  	
   

  
																

 

	
  

  	
   

  	
  PSR Nurses Holdings Corp.

  
	
   

  	
   

  	
   

  
	
  By:

  	
            /s/ Shirley
  Prichard

  	
   

  	
   

  	
  By:

  	
          /s/
  James J. TerBeest

  	
   

  
	
  Print Name:

  	
     Shirley Prichard

  	
   

  	
   

  	
  Print Name:

  	
   

  	
  James J. TerBeest

  	
   

  
	
  Print Title:

  	
   

  	
   

  	
   

  	
  Print Title:

  	
   

  	
  CFO

  	
   

  
	
  Home Address:

  	
   

  	
   

  	
   

  	
  Address:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Home Telephone:

  	
   

  	
   

  	
   

  	
  Telephone:

  	
   

  	
   

  
																

 

 7
 

 

	
  WITNESS (ES)

  	
   

  	
  CORPORATE OR PARTNERSHIP

  
	
   

  	
   

  	
  GUARANTOR:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  PSR Nurse Recruiting, Inc.

  
	
   

  	
   

  	
   

  
	
  By:

  	
            /s/ Shirley
  Prichard

  	
   

  	
   

  	
  By:

  	
          /s/
  James J. TerBeest

  	
   

  
	
  Print Name:

  	
       Shirley Prichard

  	
   

  	
   

  	
  Print Name:

  	
   

  	
  James J. TerBeest

  	
   

  
	
  Print Title:

  	
   

  	
   

  	
   

  	
  Print Title:

  	
   

  	
  CFO

  	
   

  
	
  Home Address:

  	
   

  	
   

  	
   

  	
  Address:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Home Telephone:

  	
   

  	
   

  	
   

  	
  Telephone:

  	
   

  	
   

  
																

 

	
  

  	
   

  	
  PSR Nurses, Ltd.

  
	
   

  	
   

  	
   

  
	
  By:

  	
            /s/ Shirley
  Prichard

  	
   

  	
   

  	
  By:

  	
          /s/
  James J. TerBeest

  	
   

  
	
  Print Name:

  	
       Shirley Prichard

  	
   

  	
   

  	
  Print Name:

  	
   

  	
  James J. TerBeest

  	
   

  
	
  Print Title:

  	
   

  	
   

  	
   

  	
  Print Title:

  	
   

  	
  CFO

  	
   

  
	
  Home Address:

  	
   

  	
   

  	
   

  	
  Address:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Home Telephone:

  	
   

  	
   

  	
   

  	
  Telephone:

  	
   

  	
   

  
																

 

	
  

  	
  Address for Notices
  to Systran:

  
	
   

  	
  Systran
  Financial Services Corporation

  
	
   

  	
  Attn: Credit
  Manager

  
	
   

  	
  4949 SW Meadows
  Road, Suite 500

  
	
   

  	
  Lake Oswego,
  Oregon 97035

  
	
   

  	
  P.O. Box 3289

  
	
   

  	
  Portland, OR
  97208

  

 

 8Exhibit 10.88

SYSTRAN
Financial Services Corporation

a subsidiary of Textron Financial Corporation

COLLATERALIZED
GUARANTY AGREEMENT

This
Guaranty Agreement (“Guaranty”) is made by Crdentia Corp., Health Industry
Professionals, L.L.C., Mint Medical Staffing Odessa, LP, Prime Staff, LP, and
Staff Search Acquisition Corp., the undersigned guarantor (individually and
collectively “Guarantor”), whose address is set forth on the last page hereof..

Arizona Home Health
Care/Private Duty, Inc., Care Pros Staffing, Inc., Baker Anderson Christie,
Inc., New Age Staffing, Inc., PSR Nurses, Ltd., Nurses Network, Inc. (individually
and collectively “Customer”), each who have an address at 5001 LBJ Freeway,
Suite 850 applied to Systran Financial Services Corporation, a subsidiary of
Textron Financial Corporation (“SYSTRAN”) for factoring services, and as a
condition of providing such services to Customer, SYSTRAN has required
Guarantor to provide a Guaranty on the terms and conditions hereinafter set
forth.

Guarantor acknowledges and
understands that this Guaranty is made for the purpose of providing additional
security to SYSTRAN to provide factoring services to Customer.

Therefore, in consideration of
providing such services to Customer, Guarantor unconditionally covenants,
warrants and agrees with SYSTRAN as follows:

1.  The assumption by Guarantor of the
obligations described herein will result in a direct financial benefit both to
Guarantor and to Customer.

2.  Guarantor
unconditionally and irrevocably guarantees to SYSTRAN (except as hereinafter
expressly provided as to revocability), without offset or deduction, the prompt
payment and/or performance of all indebtedness, obligations and liabilities of
Customer at any time owing to SYSTRAN, whether direct or indirect, matured or
unmatured, primary or secondary or certain or contingent (individually, a “Guaranteed
Obligation” and, collectively, the “Guaranteed Obligations”).   The obligation of Guarantor hereunder shall
be absolute and unconditional and shall remain in full force and effect until
all other Guaranteed Obligations have been discharged and satisfied in full and
SYSTRAN has expressly acknowledged the same.

The obligations of Guarantor
hereunder shall not be affected by the voluntary or involuntary liquidation, dissolution,
sale or other disposition of all or substantially all of the assets of Customer
or by Customer’s insolvency, receivership, bankruptcy, assignment for the
benefit of creditors, or similar proceedings affecting Customer or any other
Guarantor of Customer’s obligations to SYSTRAN. 
The obligations of Guarantor shall remain in full force and effect
without regard to any extension or modification of terms between SYSTRAN and
Customer.

Guarantor further unconditionally
guarantees and agrees to pay SYSTRAN any and all payments or transfers made by
Customer to SYSTRAN under the Factoring Agreement and/or the Deposit and
Security Agreements contained therein, which payments and/or transfers are
avoided as preferential transfers, fraudulent transfers or otherwise in a
bankruptcy or other proceeding involving Customer, whether or not Customer’s
Factoring Agreement has been terminated, renounced or surrendered, or Customer
has been discharged from its obligations thereunder.

 1
 

3.  No set off, counterclaim, reduction or
diminution of any obligation or any defense of any kind or nature which
Customer may have against SYSTRAN shall be available to Guarantor hereunder,
and Guarantor hereby expressly waives the same as to SYSTRAN.

4.  Guarantor waives notice of any kind to
Guarantor personally and agrees that any notice given to Customer shall also be
deemed adequate notice to Guarantor.

5. This Guaranty shall be
deemed to be a contract under the laws of the State of Oregon and for all
purposes shall be governed by and construed in accordance with the laws of that
state.  Guarantor irrevocably agrees that
any legal action or proceeding brought by or against Guarantor with respect to
the Agreement shall be brought in the courts of the State of Oregon or in the
U.S. District Court for the District of Oregon. 
Guarantor consents to the jurisdiction of such courts and that the venue
for any such action shall be the County of Multnomah.  This provision shall not limit the right of
SYSTRAN to bring such actions or proceedings against Guarantor in the court of
such other states or jurisdictions where Guarantor may be subject to
jurisdiction.

6.  If SYSTRAN retains the services of an
attorney to enforce this Guaranty, Guarantor agrees to pay attorney’s fees and
other costs and expenses incurred by SYSTRAN even though no suit or action is
filed.  If a suit or action is filed, the
prevailing party shall be entitled to recover, in addition to costs and
expenses, such award of attorney’s fees as the trial or appellate court deems
reasonable.

7.  Upon the occurrence of a default by Customer
with respect to any of its obligations to SYSTRAN under the Factoring
Agreement, SYSTRAN shall then have the immediate right to proceed first and
directly against Guarantor under this Guaranty without proceeding against
Customer or exhausting any other remedies which it may have against Customer’s
obligations to SYSTRAN.

Guarantor hereby waives any
claim, right or remedy which such Guarantor may now have or hereafter acquire
against Customer that arise hereunder as a result of sums paid to SYSTRAN
pursuant to this Guaranty including, without limitation, any claim, remedy or
right of subrogation, reimbursement, exoneration, contribution,
indemnification, or participation in any claim, right or remedy of SYSTRAN
against Customer or any security which SYSTRAN now has or hereafter acquires,
whether or not such claim, right or remedy arises in equity, under contract, by
statute, under common law or otherwise.

8.  No remedy herein conferred upon SYSTRAN is intended
to be exclusive of any other available remedy or remedies, but each and every
such remedy shall be cumulative and shall be in addition to every other remedy
given under this Guaranty, now or hereafter existing at law or in equity.  No delay or omission by SYSTRAN to exercise
any right accruing upon any default or failure of performance by Customer to
SYSTRAN shall be construed to be a waiver thereof, but any such right and power
may be exercised from time to time and as often as may be deemed to be
expedient by SYSTRAN.

9.  SECURITY INTEREST IN ACCOUNTS AND OTHER
COLLATERAL.  As security for Guarantor’s
performance of its obligation arising under this Guaranty, SYSTRAN shall have
and is hereby granted a first-priority security interest in all  present and future Bill(s) and Special
Purchase Bill(s) of Guarantor, together with
all guaranties, security, books and records, accounts, correspondence, and
documents with respect to such Bills; and, in addition, all now existing or hereafter acquired accounts,
inventory, goods, equipment, deposit accounts, chattel paper, contract rights,
real estate, fixtures, general intangibles, choses of action, insurance
contracts, instruments, and documents, and the proceeds of the foregoing,
including accessions, products and proceeds of the same, including but not
limited to insurance proceeds (the “Collateral”).

 2
 

10.  FINANCING STATEMENT.  Guarantor shall not execute or file any
financing statement, supplements or amendments thereto, or any other instrument
or security agreement covering the collateral described above in favor of
anyone other than SYSTRAN.  Guarantor
shall execute and deliver to SYSTRAN any financing statements, title documents,
supplements or amendments thereto and any other instruments which SYSTRAN from
time to time may reasonably require to perfect, preserve, protect or enforce
the security interest of SYSTRAN hereunder or the priority of such security
interest.

11.  DEFAULT. 
Any breach of this Guaranty, including failure to pay any obligation
guaranteed, will constitute a default under this paragraph and shall entitle
SYSTRAN to pursue all remedies provided to it as a secured party under Article
9 of the Uniform Commercial Code, together with any and all other remedies
which may be available to it under this Guaranty.

12.  JURY TRIAL
WAIVER. In recognition of the higher costs and delay which may result
from a jury trial, the parties waive any right to trial by jury of any claim,
demand, action or cause of action (A) arising hereunder, or (B) in any way
connected with or related or incidental to the dealings of the parties hereto
or any of them with respect hereto, in each case whether now existing or
hereafter arising, and whether sounding in contract or tort or otherwise; and
each party further waives any right to consolidate any such action in which a
jury trial has been waived with any other action in which a jury trial cannot
be or has not been waived; and each party hereby agrees and consents that any
such claim, demand, action or cause of action shall be decided by court trial
without a jury, and that any party hereto may file an original counterpart or a
copy of this section with any court as written evidence of the consent of the
parties hereto to the waiver of their right to trial by jury.

13.  CREDIT INFORMATION. By signing this guaranty, Guarantor authorizes SYSTRAN, or any of it’s
affiliates, to obtain credit bureau reports, and make other credit inquiries
that SYSTRAN determines are necessary. 
On Guarantor’s written request, SYSTRAN will inform Guarantor whether it
has requested a consumer credit report and the name and address of any consumer
credit reporting agency that published a report.  Guarantor acknowledges that without further
notice SYSTRAN may use or request additional credit bureau reports to update
our information so long as Guarantor obligations to SYSTRAN are outstanding.

14.  MISCELLANEOUS PROVISIONS.  This Agreement shall be deemed to be a contract under the laws of the
State of Oregon and for all purposes shall be governed by and construed in
accordance with the laws of that state. 
Guarantor irrevocably agrees that any legal action or proceeding brought
by or against Guarantor with respect to the Agreement shall be brought in the
courts of the State of Oregon or in the U.S. District Court for the District of
Oregon.  Guarantor consents to the
jurisdiction of such courts and that the venue for any such action shall be the
County of Multnomah.  This provision
shall not limit the right of SYSTRAN to bring such actions or proceedings
against Guarantor in the court of such other states or jurisdictions where
Guarantor may be subject to jurisdiction.

IN
WITNESS WHEREOF, the Guarantor has executed this Guaranty or has caused this
Guaranty to be executed on its behalf by an officer or other person thereunto
duly authorized on the 8th day of February,
2007.

[SIGNATURE PAGES TO FOLLOW]

 3
 

 

	
  WITNESS (ES)

  	
   

  	
  CORPORATE OR PARTNERSHIP

  
	
   

  	
   

  	
  GUARANTOR:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Crdentia Corp.

  
	
   

  	
   

  	
   

  
	
  By:

  	
          /s/
  Shirley Prichard

  	
   

  	
   

  	
  By:

  	
         /s/ James
  J. TerBeest

  	
   

  
	
  Print Name:

  	
        Shirley Prichard

  	
   

  	
   

  	
  Print Name:

  	
   

  	
  James J. TerBeest

  	
   

  
	
  Print Title:

  	
   

  	
   

  	
   

  	
  Print Title:

  	
   

  	
  CFO

  	
   

  
	
  Home Address:

  	
   

  	
   

  	
   

  	
  Address:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Home Telephone:

  	
   

  	
   

  	
   

  	
  Telephone:

  	
   

  	
   

  
																

 

	
  WITNESS (ES)

  	
   

  	
  CORPORATE OR PARTNERSHIP

  
	
   

  	
   

  	
  GUARANTOR:

  
	
   

  	
   

  	
   

  
	
  

  	
   

  	
  Health Industry
  Professionals, L.L.C.

  
	
   

  	
   

  	
   

  
	
  By:

  	
          /s/
  Shirley Prichard

  	
   

  	
   

  	
  By:

  	
         /s/ James
  J. TerBeest

  	
   

  
	
  Print Name:

  	
       Shirley Prichard

  	
   

  	
   

  	
  Print Name:

  	
       James
  J. TerBeest

  	
   

  
	
  Print Title:

  	
   

  	
   

  	
   

  	
  Print Title:

  	
       CFO

  	
   

  
	
  Home Address:

  	
   

  	
   

  	
   

  	
  Address:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Home Telephone:

  	
   

  	
   

  	
   

  	
  Telephone:

  	
   

  	
   

  
															

 

	
  WITNESS (ES)

  	
   

  	
  CORPORATE OR PARTNERSHIP

  
	
   

  	
   

  	
  GUARANTOR:

  
	
   

  	
   

  	
   

  
	
  

  	
   

  	
  Mint Medical Staffing
  Odessa, LP

  
	
   

  	
   

  	
   

  
	
  By:

  	
          /s/
  Shirley Prichard

  	
   

  	
   

  	
  By:

  	
         /s/ James
  J. TerBeest

  	
   

  
	
  Print Name:

  	
        Shirley
  Prichard

  	
   

  	
   

  	
  Print Name:

  	
       James
  J. TerBeest

  	
   

  
	
  Print Title:

  	
   

  	
   

  	
   

  	
  Print Title:

  	
       CFO

  	
   

  
	
  Home Address:

  	
   

  	
   

  	
   

  	
  Address:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
													

 

 4
 

 

	
  Home Telephone:

  	
   

  	
   

  	
   

  	
  Telephone:

  	
   

  	
   

  

 

[ADDITIONAL
SIGNATURE PAGES TO FOLLOWS]

 5
 

 

	
  WITNESS (ES)

  	
   

  	
  CORPORATE OR PARTNERSHIP

  
	
   

  	
   

  	
  GUARANTOR:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Prime Staff LP

  
	
   

  	
   

  	
   

  
	
  By:

  	
         /s/
  Shirley Prichard

  	
   

  	
   

  	
  By:

  	
         /s/ James
  J. TerBeest

  	
   

  
	
  Print Name:

  	
       Shirley Prichard

  	
   

  	
   

  	
  Print Name:

  	
   

  	
  James J. TerBeest

  	
   

  
	
  Print Title:

  	
   

  	
   

  	
   

  	
  Print Title:

  	
   

  	
  CFO

  	
   

  
	
  Home Address:

  	
   

  	
   

  	
   

  	
  Address:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Home Telephone:

  	
   

  	
   

  	
   

  	
  Telephone:

  	
   

  	
   

  
																

 

	
  WITNESS (ES)

  	
   

  	
  CORPORATE OR PARTNERSHIP

  
	
   

  	
   

  	
  GUARANTOR:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Staff Search Acquisition Corp.

  
	
   

  	
   

  	
   

  
	
  By:

  	
         /s/
  Shirley Prichard

  	
   

  	
   

  	
  By:

  	
         /s/ James
  J. TerBeest

  	
   

  
	
  Print Name:

  	
  Shirley Prichard

  	
   

  	
   

  	
  Print Name:

  	
   

  	
  James J. TerBeest

  	
   

  
	
  Print Title:

  	
   

  	
   

  	
   

  	
  Print Title:

  	
   

  	
  CFO

  	
   

  
	
  Home Address:

  	
   

  	
   

  	
   

  	
  Address:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Home Telephone:

  	
   

  	
   

  	
   

  	
  Telephone:

  	
   

  	
   

  
																

 

 

	
  

  	
  Address for Notices
  to Systran:

  
	
   

  	
   

  
	
   

  	
  Systran
  Financial Services Corporation

  
	
   

  	
  Attn: Credit
  Manager

  
	
   

  	
  4949 SW Meadows
  Road, Suite 500

  
	
   

  	
  Lake Oswego,
  Oregon 97035

  
	
   

  	
  P.O. Box 3289

  
	
   

  	
  Portland, OR
  97208

  

 

 6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00123-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00123-of-00352.parquet"}]]