Document:

exv10w69w1

Exhibit 10.69.1

REGISTRATION RIGHTS AGREEMENT

     THIS REGISTRATION RIGHTS AGREEMENT dated as of the            day of                                         , 2009 by and
among DRI CORPORATION, a North Carolina corporation (the “Company”) and                                         
(the “Holder”).

     The parties agree as follows:

			
	Section 1.	 	Definitions. For purposes of this Agreement:

     (a) “Series K Senior Convertible Preferred Stock” means the Company’s Series K Senior
Convertible Preferred Stock with a liquidating value of $5,000 per share;

     (b) “Registrable
Securities” means                      shares of Series K Convertible Preferred Stock to
be issued to the Holder upon acceptance by the Company of that certain Subscription Agreement of
even date (the “Agreement”; certain terms not defined herein but used herein are used as defined in
the Agreement);

     (c) “register” and “registration” refer to a registration of the Registrable Securities
effected by filing a registration statement or similar document pursuant to the Securities Act of
1933, as amended (the “Act”) and the declaring or ordering of effectiveness of such registration
statement; and

     (d) The “Company” means DRI Corporation, a North Carolina corporation.

			
	Section 2.	 	Demand Registration.

     (a) If at any time the Company receives a written request from the Holder that the Company
file a registration statement under the Act covering the registration of Registrable Securities
held by him, then the Company shall, subject to the limitations of this Section 2, use its best
efforts to, within six months of the date of such request, effect the registration under the Act of
all Registrable Securities and will keep such registration statement effective for a minimum period
of six (6) months thereafter. The Company shall be obligated to effect only one (1) registration
pursuant to this Section 2(a).

     (b) If the Holder intends to distribute the Registrable Securities covered by his request by
means of an underwriting, he shall so advise the Company as a part of his request made

 

 

pursuant to this Section 2. The Holder shall (together with the Company as provided in Section 3)
enter into an underwriting agreement in customary form with a mutually acceptable underwriter or
underwriters.

Section 3. “Piggyback” Rights. For a period of one (1) year from December           , 2009, and
if (but without any obligation to do so) the Company proposes to register any of its securities
under the Act in connection with a public offering of such common stock for cash proceeds payable
in whole or in part to the Company (other than with respect to a Registration Statement filed on
Form S-8 or Form S-4 or such other similar form then in effect under the Securities Act), the
Company shall, at such time, subject to the provisions of Section 6 and 7 hereof and upon request
of the Holder cause to be registered under the Act all of the Registrable Securities which the
Holder requests be registered; provided, however, if the managing underwriter of the public
offering of shares proposed to be registered by the Company advises the Holder in writing that
marketing factors require a limitation of the number of shares to be underwritten, then the number
of shares of Registrable Securities of the Holder that may be included in the underwriting shall be
so limited on a prorate basis. Such “piggyback rights” shall expire on the registration and sale
of the Registrable Securities pursuant to Section 2 above or upon the sale of the Registrable
Securities hereunder.

Section 4. Registration Procedure. Whenever required under this Agreement to effect the
registration of any Registrable Securities, the Company shall, as expeditiously as is reasonably
possible:

     (a) Furnish to the Holder of the Registrable Securities covered by such registration
statement such number of copies of a prospectus, including a preliminary prospectus, in conformity
with the requirements of the Act, and such other documents as he may reasonably request in order to
facilitate the disposition of the Registrable Securities owned by him.

     (b) In the event of any underwritten public offering, enter into and perform its obligations
under an underwriting agreement, in usual and customary form, with the managing underwriter of such
offering. The Holder participating in such underwriting shall also enter into and perform his
obligations under such agreement.

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     (c) Notify the Holder of Registrable Securities covered by such registration statement, at
any time when a prospectus relating thereto covered by such registration statement is required to
be delivered under the Act, of the happening of any event as a result of which the prospectus
included in such registration statement, as then in effect, includes an untrue statement of a
material fact or omits to state a material fact required to be stated therein or necessary to make
the statements therein not misleading in the light of the circumstances then existing.

Section 5. Furnish Information. The Holder shall promptly furnish to the Company in
writing such reasonable information regarding the Holder, the Registrable Securities held by the
Holder, and the intended method of disposition of such securities as shall be required to effect
the registration of his Registrable Securities.

Section 6. Expenses of Registration. All of the foregoing expenses relating to the
Registrable Securities incurred in connection with registration, filing or qualification pursuant
to this Agreement, including (without limitation) all registration, filing and qualification fees,
printers’ bills, mailing and delivery expenses, accounting fees, and the fees and disbursements of
counsel for the Company, but excluding underwriting discounts or fees, shall be borne by the
Company.

Section 7. Indemnification and Contribution. In the event any Registrable Securities are
included in a registration statement under this Agreement:

     (a) To the extent permitted by law, the Company will indemnify and hold harmless the Holder,
the officers and directors of each Holder, any underwriter (as defined in the Act) for such holder,
and each person, if any, who controls such Holder or underwriter within the meaning of the Act or
the Securities Exchange Act of 1934, as amended (the “Exchange Act”), against any losses, claims,
damages, or liabilities (joint or several) to which they may become subject under the Act, the
Exchange Act or other federal or state law, insofar as such losses, claims, damages, or liabilities
(or actions in respect thereto) arise out of or are based upon any untrue statement or alleged
untrue statement of a material fact contained in such registration statement, including any
preliminary prospectus or final prospectus contained therein or any amendments or supplements
thereto, or arise out of or are based upon the omission or alleged omission to state therein a

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material fact required to be stated therein or necessary to make the statements therein not
misleading; and the Company will reimburse each such Holder, officer or director, underwriter or
controlling person for any legal or other expenses reasonably incurred by them in connection with
investigating or defending any such loss, claim, damage, liability, or action; provided however,
that the indemnity agreement contained in this Section 7(a) shall not apply to amounts paid in
settlement of any such loss, claim, damage, liability, or action if such settlement is effected
without the consent of the Company (which consent shall not be unreasonably withheld), nor shall
the Company be liable in any such case for any such loss, claim, damage, liability, or action to
the extent that it arises out of or is based upon an untrue statement or alleged untrue statement
or omission or alleged omission made in such registration statement, preliminary prospectus or
final prospectus or any amendment or supplement thereto in reliance upon and in conformity with
written information furnished expressly for use in connection with such registration by any such
Holder, underwriter or controlling person; provided, further, however, that if any losses, claims,
damages or liabilities arise out of or are based upon any untrue statement, alleged untrue
statement, omission or alleged omission contained in any preliminary prospectus, and made in
reliance upon and in conformity with written information furnished by such Holder expressly for use
therein, which did not appear in the final prospectus, the Company shall not have any such
liability with respect thereto to such Holder, any person who controls such Holder within the
meaning of the Act, or any director of such Holder, if such Holder delivered a copy of the
preliminary prospectus to the person alleging such losses, claims, damages or liabilities and
failed to deliver a copy of the final prospectus, as amended or supplemented if it has been amended
or supplemented, to such person at or prior to the written confirmation of the sale to such person,
provided that such Holder had an obligation to deliver a copy of the final prospectus to such
person.

     (b) To the extent permitted by law, each selling Holder will indemnify and hold harmless the
Company, each of its directors, each of its officers who has signed the registration statement,
each person, if any, who controls the Company within the meaning of the Act, any underwriter and
any other Holder selling securities in such registration statement or any of its directors or
officers or any person who controls such Holder or underwriter against any losses, claims, damages
or liabilities, joint or several) to which the Company or any such director, officers, controlling
person, or underwriter or controlling

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person, or other such Holder or director, officer or controlling person may become subject, under
the Act, the Exchange Act or other federal or state law, insofar as such losses, claims, damages or
liabilities (or actions in respect thereto) arise out of or are based upon any untrue statement or
alleged untrue statement of a material fact contained in such registration statement, including any
preliminary prospectus or final prospectus contained therein or any amendments or supplements
thereto, or arise out of or are based upon the omission or alleged omission to state therein a
material fact required to be stated therein or necessary to make the statements therein not
misleading, if the untrue statement or omission or alleged untrue statement or omission in respect
of which such loss, claim, damage or liability is asserted was made in reliance upon and in
conformity with written information furnished by such Holder expressly for use in connection with
such registration; and each such Holder will reimburse any legal or other expenses reasonably
incurred by the Company or any such director, officer, controlling person, underwriter or
controlling person, or other Holder, officer, director, or controlling person in connection with
investigating or defending any such loss, claim, damage, liability or action; provided however,
that the indemnity agreement contained in this Section 7(b) shall not apply to amounts paid in
settlement of any such loss, claim, damage, liability or action, if such settlement is effected
without the consent of the Holder (which consent shall not be unreasonably withheld); provided,
further that the maximum liability of any selling Holder under this Section 7(b) in regard to any
registration statement shall in no event exceed the amount of the proceeds received by such selling
Holder from the sale of securities under such registration statement; provided, further however,
that if any losses, claims, damages or liabilities arise out of or are based upon an untrue
statement, alleged untrue statement, omission or alleged omission contained in any preliminary
prospectus which did not appear in the final prospectus, such seller shall not have any such
liability with respect thereto to the Company, any person who controls the Company within the
meaning of the Act, any officer of the Company who signed the registration statement or any
director of the Company, if the Company delivered a copy of the preliminary prospectus to the
person alleging such losses, claims, damages or liabilities and failed to deliver a copy of the
final prospectus, as amended or supplemented if it has been amended or supplemented, to such person
at or prior to the written confirmation of the sale to such person, provided that the Company had
an obligation to deliver a copy of the final prospectus to such person.

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     (c) Promptly after receipt by an indemnified party under this Section 7 of notice of the
commencement of any action (including any governmental action), such indemnified party will, if a
claim in respect thereof is to be made against any indemnifying party under this Section 7, deliver
to the indemnifying party a written notice of the commencement thereof, and the indemnifying party
shall have the right to participate in and, to the extent the indemnifying party so desires,
jointly with any other indemnifying party similarly notified, to assume the defense thereof with
counsel mutually satisfactory to the parties. An indemnified party shall have the right to retain
its own counsel, however, the fees and expenses of such counsel shall be at the expense of the
indemnified party, unless (i) the employment of such counsel has been specifically authorized in
writing by the indemnifying party, (ii) the indemnifying party has failed to assume the defense and
employ counsel, or (iii) the named parties to any such action (including any impleaded parties)
include both the indemnified party and the indemnifying party, and the indemnified party shall have
been advised by such counsel that there may be one or more legal defenses available to it which are
different from or additional to those available to the indemnifying party (in which case the
indemnifying party shall not have the right to assume the defense of such action on behalf of such
indemnified parry, it being understood, however, that the indemnifying party shall not, in
connection with any one such action or separate but substantially similar or related actions in the
same jurisdiction arising out of the same general allegations or circumstances, be liable for the
reasonable fees and expenses of more than one separate firm of attorneys for all indemnified
parties). The failure to deliver written notice to the indemnifying party will not relieve it of
any liability that it may have to any indemnified party under this Agreement.

     (d) If the indemnification provided for in this Section 7 is unavailable or insufficient to
hold harmless an indemnified party in respect of any losses, claims, damages or liabilities or
actions in respect thereof referred to therein, then each indemnifying party shall in lieu of;
indemnifying such indemnified party contribute to the amount paid or payable by such indemnified
party as a result of such losses, claims, damages, liabilities or actions in such proportion as is
appropriate to reflect the relative fault of the Company, on the one hand, and selling Holder, on
the other, in connection with the statements or omissions which resulted in such losses, claims,
damages, liabilities or actions as well as any other relevant equitable considerations, including
the failure to give

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any required notice. The relative fault shall be determined by reference to, among other things,
whether the untrue or alleged untrue statement of a material fact or the omission or alleged
omission to state a material fact relates to information supplied by the Company, on the one hand,
or by such selling Holder on the other, and the parties’ relative intent, knowledge, access to
information and opportunity to correct or prevent such statement or omission. The parties hereto
acknowledge and agree that it would not be just and equitable if contribution pursuant to this
subparagraph (d) were determined by pro rata allocation (even if all of the selling Holder were
treated as one entity for such purpose) or by any other method of allocation which does not take
account of the equitable considerations referred to above in this subparagraph (d). The amount paid
or payable by an indemnified party as a result of the losses, claims, damages, liabilities or
actions in respect thereof referred to above in this subparagraph (d) shall be deemed to include
any legal or other expenses reasonably incurred by such indemnified party in connection with
investigating or defending any such action or claim. Notwithstanding the provisions of this
subparagraph (d), the amount the selling Holder shall be required to contribute shall not exceed
the amount, if any, by which the total price at which the securities sold by each of them were
offered to the public exceeds the amount of any damages which they would have otherwise been
required to pay by reason of such untrue or alleged untrue statement or omission or alleged
omission, or other violation of law. No person guilty of fraudulent misrepresentation (within the
meaning of Section 11(f) of the Act) shall be entitled to contribution from any person who was not
guilty of fraudulent misrepresentation.

			
	Section 8.	 	Miscellaneous.

     (a) Binding Effect. This Agreement shall be binding upon and shall inure to the
benefit of the Company and to the Holder and their respective heirs, personal representatives,
successors and assigns.

     (b) Notices. Except as otherwise provided herein, any notice, consent or request to
be given in connection with any term or provision of this Agreement shall be deemed to have been
given sufficiently if sent by hand, registered or certified mail, postage prepaid, facsimile
transmission or courier (next day delivery), to the Company or to the Holder at their respective
addresses as provided on or about the date hereof.

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     (c) Integration. This Agreement contains the entire agreement between the parties
with respect to the transactions contemplated hereby and no party shall be bound by, nor shall any
party be deemed to have made, any covenants, representations, warranties undertakings or agreements
except those contained in such entire Agreement. The section and paragraph headings contained in
this Agreement are for the reference purposes only and shall not affect in any way the meaning or
interpretation of this Agreement.

     (d) Counterparts. This Agreement may be executed in one or more counterparts, each
of which shall be deemed to be an original, but all of which together shall constitute one and the
same agreement.

     (e) Amendment. This Agreement may be amended, changed, waived or terminated only in
writing signed by each of the parties.

     IN WITNESS WHEREOF, this Agreement has been executed effective as of the date first above
written.

	 	 	 	 	 
	 	DRI CORPORATION

 	 
	 	By 	
 	 
	 	 	President 	 
	 
	 	HOLDER:

 	 
	 	(SEAL)
	 
	 	 	 	 
	 

8ex1018.htm

Exhibit 10.18

 

EXHIBIT B

 

FORM OF GUARANTEE

 

 December ___, 2009

 

FOR VALUE RECEIVED, and in consideration of loans made or to be made or credit otherwise extended or to be extended by MGM FUNDING, LLC (the "Lender")to or for the account of BROOKRIDGE FUNDING SERVICES, LLC, a North Carolina limited liability company (the "Borrower") located at 10801 Johnston Road, Suite 210, Charlotte, NC 28226, from time to time and at any time and for other good and valuable consideration and to induce the Lender, in its discretion, to make or commit to make such loans or extensions of credit and to make or grant such renewals, extensions, releases of collateral or relinquishments of legal rights as the Lender may deem advisable, the undersigned (jointly and severally, if more than one guarantor, whether executing the same instrument or separate instruments) absolutely and unconditionally guarantees to the Lender the prompt payment when due, whether by acceleration or otherwise, of all present or future obligations and liabilities of any and all kinds of the Borrower to the Lender and of all instruments of any nature evidencing or relating to any such obligations and liabilities upon which the Borrower or one or more parties and the Borrower is or may become liable to the Lender, whether incurred by the Borrower as maker, indorser, drawer, acceptor, guarantor, accommodation party, counterparty, purchaser, seller or otherwise, and whether due or to become due, secured or unsecured, absolute or contingent, joint and/or several, and howsoever or whensoever acquired by the Lender (all of which are referred to as the "Obligations"), and irrespective of the genuineness, validity, regularity, discharge, release or enforceability of such Obligations, or of any instrument evidencing any of the Obligations or of any collateral therefor or of the existence or extent of such collateral or of the obligations of the undersigned under this guarantee. The Obligations shall include interest accruing thereon before or after the commencement of any insolvency, bankruptcy or reorganization proceeding in respect of the Borrower or any other guarantor of the Obligations whether or not such interest is an allowable claim in any such proceeding and irrespective of the discharge or release of the Borrower or any other guarantor in such proceeding.

 

The undersigned assents that the Lender may at any time and from time to time, either before or after the maturity thereof, without notice to or further consent of the undersigned, extend the time of payment of, exchange, release, substitute or surrender any collateral for, renew or extend any of, or change the amount of, the Obligations or increase the interest rate thereon, and may also make any agreement with the Borrower or with any other party to or person liable on any of the Obligations or any guarantor of or hypothecator of collateral or other surety for such Obligations or interested therein, for the extension, renewal, payment, compromise, discharge or release thereof, in whole or in part, or for any modification of the terms thereof or of any agreement between the Lender and the Borrower or any such other party or person, without in any way impairing or affecting this guarantee.

 

The undersigned agrees that this guarantee shall not be impaired or otherwise affected by any failure to call for, take, hold, protect or perfect, continue the perfection of or enforce any security interest in or other lien upon, any collateral for the Obligations, or by any failure to exercise, delay in the exercising or waiver of, or forbearance with respect to, any right or remedy available to the Lender with respect to the Obligations.

 

The undersigned acknowledges that it has derived or expects to derive a financial or other benefit from each and every Obligation incurred by the Borrower to the Lender.

 

The undersigned waives notice of the acceptance of this guarantee and of the making of any such loans or extensions of credit or the incurrence of any Obligation, presentment to or demand of payment from anyone whomsoever liable upon any of the Obligations, protest, notice of presentment, non-payment or protest and notice of any sale or other disposition of collateral security or any default of any sort.

 

All liabilities of the undersigned to the Lender under this guarantee are secured pursuant to the terms any security agreement that the undersigned shall have executed or shall at any time execute in favor of the Lender, and the Lender is entitled to all of the benefits thereof.

 

The undersigned agrees to pay all costs and expenses incurred by the Lender incidental to or in any way relating to the enforcement or protection of the rights of the Lender hereunder or with respect to any of the Obligations, including, but not limited to, reasonable attorneys' fees and expenses, whether or not litigation is commenced.

 

  

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This is a continuing guarantee and shall apply to all Obligations notwithstanding that at any particular time any or all of the Obligations shall have been paid in full. This guarantee shall remain in full force and effect and be binding upon the undersigned, and the undersigned's successors and assigns, until written notice of its revocation shall actually be received by the Lender. No such revocation shall release the undersigned or affect in any manner the rights, remedies, powers, security interests and liens of the Lender under this guarantee with respect to any of the Obligations which shall have been created, contracted, assumed or incurred prior to actual receipt by the Lender of such written notice of revocation and any renewals or extensions thereof or any Obligations which shall have been created, contracted, assumed or incurred after actual receipt of such written notice pursuant to any agreement entered into by the Lender prior to actual receipt of such written notice and any renewals or extensions thereof. Any such revocation by one of the undersigned shall not affect the continuing liabilities hereunder of such of the undersigned as do not give notice of revocation. If any of the present or future Obligations are guaranteed by persons, partnerships, limited liability companies or corporations in addition to the undersigned, the death, release or discharge in whole or in part, or the bankruptcy, liquidation or dissolution of one or more of them, shall not discharge or affect the liabilities of the undersigned under this guarantee.

 

This guarantee shall continue to be effective, or shall be reinstated, as the case may be, if at any time payment of all or any part of any payment of any of the Obligations is rescinded or must be restored or returned by the Lender whether under any insolvency, bankruptcy, receivership or reorganization proceeding or otherwise.

 

This guarantee may be assigned by the Lender and its benefits shall inure to the successors, indorsees and assigns of the Lender.

 

This guarantee is a guarantee of payment and not of collection, and the Lender shall be under no obligation to take any action against the Borrower or any other person liable with respect to any of the Obligations or resort to any collateral security securing any of the Obligations or this guarantee as a condition precedent to the undersigned being obligated to make payment and to perform as agreed herein. The undersigned hereby waives any right to claim or interpose any defense, counterclaim or offset of any nature and description which it may have or which may exist between and among the Lender, the Borrower and/or the undersigned or to seek injunctive relief.

 

Promptly upon the Lender's request, the undersigned agrees to furnish such information (including financial statements and tax returns of the undersigned) to the Lender and to permit the Lender to inspect and make copies of its books and records, as the Lender shall reasonably request from time to time.

 

The undersigned authorizes the Lender to date this guarantee and to complete any blank space herein according to the terms upon which this guarantee was given.

 

Any notice to the Lender shall be effective only upon receipt by the Lender and if directed to MGM Funding, LLC, 2799 NW 2nd Avenue, Suite 218, Boca Raton, FL 33431, Attention: Morry Rubin, or any other address hereafter specified by written notice from the Lender to the undersigned.

 

Until such time as the Lender shall have received payment in full in cash in satisfaction of all of the Obligations, the undersigned waives any right to be subrogated to the rights of the Lender with respect to the Obligations, and the undersigned waives any right to and agrees that it will not institute or take any action against the Borrower seeking contribution, reimbursement or indemnification by the Borrower with respect to any payments made by the undersigned to the Lender hereunder.

 

Every provision of this guarantee is intended to be severable; if any term or provision of this guarantee shall be invalid, illegal or unenforceable for any reason whatsoever, the validity, legality and enforceability of the remaining provisions hereof shall not in any way be affected or impaired thereby.

 

No failure on the part of the Lender to exercise, and no delay in exercising, any right, remedy or power hereunder shall operate as a waiver thereof, nor shall any single or partial exercise by the Lender of any right, remedy or power hereunder preclude any other or future exercise thereof or the exercise of any other right, remedy or power.

 

Each and every right, remedy and power hereby granted to the Lender or allowed it by law or other agreement shall be cumulative and not exclusive of any other right, remedy or power, and may be exercised by the Lender at any time and from time to time.

 

This guarantee contains the entire agreement and understanding between the Lender and the undersigned with respect to the subject matter hereof and supersedes all prior agreements and understandings relating to the subject matter hereof. This guarantee may not be amended, and compliance with its terms may not be waived, orally or by course of dealing, but only by a writing signed by an authorized officer of the Lender.

 

  

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Until cash payment in full of the Obligations, the liability of the undersigned under this guarantee shall not be released.

 

Notwithstanding the aggregate amount of the Obligations which may become due to the Lender from the Borrower at any time and from time to time, the liability of each guarantor under this guarantee shall be limited $300,000 (hereinafter referred to as the "Maximum Amount. It is understood, however, that the Obligations of the Borrower to the Lender may at any time exceed the Maximum Amount without affecting the liabilities of either guarantor under this guarantee.  Each guarantor agrees that the limitation of liability to the Maximum Amount shall not apply to any loss, liability, expense or damage incurred by the Lender arising or resulting from the commission of fraud or the making of a material misrepresentation by such guarantor (the "Exclusion") or any of his agents in connection with this guarantee and such guarantor shall have personal liability with respect to same.  Each guarantor hereby indemnifies and holds the Lender harmless from and against any loss, cost, damage, expense or liability that the Lender shall incur arising from the Exclusion and agrees that such indemnification and the liability of such guarantor resulting therefrom shall survive the repayment or discharge of the Obligations.

 

THIS GUARANTEE SHALL BE CONSTRUED AND INTERPRETED, AND ALL RIGHTS AND OBLIGATIONS HEREUNDER SHALL BE DETERMINED, IN ACCORDANCE WITH THE LAWS OF THE STATE OF NORTH CAROLOINA. UNLESS THE CONTEXT OTHERWISE REQUIRES, ALL TERMS USED HEREIN SHALL HAVE THE MEANINGS SPECIFIED IN THE UNIFORM COMMERCIAL CODE (TO THE EXTENT DEFINED THEREIN). THE UNDERSIGNED SUBMITS TO THE JURISDICTION OF STATE AND FEDERAL COURTS LOCATED IN THE CITY, COUNTY AND STATE OF NEW YORK IN PERSONAM AND AGREES THAT ALL ACTIONS AND PROCEEDINGS RELATING DIRECTLY OR INDIRECTLY TO THIS GUARANTEE SHALL BE LITIGATED ONLY IN SAID COURTS OR COURTS LOCATED ELSEWHERE AS THE LENDER MAY SELECT AND THAT SUCH COURTS ARE CONVENIENT FORUMS. THE UNDERSIGNED WAIVES PERSONAL SERVICE UPON IT AND CONSENTS TO SERVICE OF PROCESS OUT OF SAID COURTS BY MAILING A COPY THEREOF TO IT BY REGISTERED OR CERTIFIED MAIL.

 

THE UNDERSIGNED AND THE LENDER WAIVE THE RIGHT TO TRIAL BY JURY IN ANY ACTION OR PROCEEDING BASED UPON, ARISING OUT OF OR IN ANY WAY CONNECTED TO THIS GUARANTEE OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY OR THE OBLIGATIONS.

 

  

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IN WITNESS WHEREOF, this guarantee has been executed by the undersigned as of the date first written above.

 

Address:

 

____________________

____________________

____________________________

John A. McNiff III

 

____________________

____________________

____________________________

Michael P. Hilton

 

State of _________  )

                                      ) ss.:

County of ________)

 

On the ____ day of November in the year 2009 before me, the undersigned, personally appeared John A. McNiff III, personally known to me or proved to me on the basis of satisfactory evidence to be the individual(s) whose name(s) is (are) subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their capacity(ies), and that by his/her/their signature(s) on the instrument, the individual(s), or the person upon behalf of which the individual(s) acted, executed the instrument.

 

_____________________________

Signature and Office of individual

taking acknowledgment

 

State of _________  )

                                      ) ss.:

County of ________)

 

On the ____ day of November in the year 2009 before me, the undersigned, personally appeared Michael P. Hilton, personally known to me or proved to me on the basis of satisfactory evidence to be the individual(s) whose name(s) is (are) subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their capacity(ies), and that by his/her/their signature(s) on the instrument, the individual(s), or the person upon behalf of which the individual(s) acted, executed the instrument.

 

_____________________________

Signature and Office of individual

taking acknowledgment

 

 

 

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