Document:

amacore_8k-ex0401.htm

    Exhibit
4.1

     

    
 

    GUARANTEED
PROMISSORY NOTE

     

    June
19, 2009

     

    FOR
VALUE RECEIVED, the undersigned Zurvita, Inc., hereafter referred to as
"Debtor," promises to pay to the order of AmeriPlan Corporation, hereafter
referred to as "Creditor," the sum of SIX HUNDRED THOUSAND DOLLARS ($600,00.00)
in lawful and legal tender of the United States of America, together with
interest of seven and one-half percent (7.5%) per annum, and the principal and
interest shall be due and payable in twenty-four (24) equal installments of
TWENTY SIX THOUSAND NINE HUNDRED NINETY-NINE AND 76/100 DOLLARS ($26,999.76),
commencing on July 1, 2009, and continuing thereafter on the 1st day of each
month until the principal and interest is paid in full.

     

    1.      Payment.
Any check, draft,
money order or other instrument given in payment of all or any portion of this Note may be
accepted by payee and handled in collection in the customary manner, but the same shall not
constitute payment under this Note or diminish any rights of Creditor except to the extent that
actual cash proceeds of such instrument are unconditionally received by the
Creditor.

     

    2.      Prepayment.
Debtor, at any time
subsequent to the execution of this Note, shall have the right to prepay this Note in
whole or in part at any time, and in such amounts as Debtor shall so desire, and from time to
time as Debtor sees fit, prior to maturity. Interest shall immediately cease to accrue as of
the date of prepayment on any amount of the principal that is so prepaid. Any prepayment of
the principal shall be credited to the payment of the installments last accruing under
this Note. Prepayment of a part of this Note shall not affect the Debtor's obligations to continue
the regular payments stated in this Note.

     

    3.     Default.
It is agreed that time
is of the essence of this Note. If default is made in any part of the principal
or interest of the Note as the same becomes due and payable upon the
performance of any
obligation, agreement, or covenant contained in any instrument securing payment
of this Note, then in either event, the Note Creditor shall have the option to
declare the entire unpaid balance of both the principal and accrued interest
immediately due and payable without notice, and may foreclose
any and all liens securing payments for the same. Failure of the Creditor to
exercise this option shall not constitute a waiver of Creditor's right to
exercise such option
in the event of any subsequent default.

     

    It
is further agreed that all past due principal and interest shall bear interest
from the date it is due until paid, at the maximum lawful rate that the
undersigned may legally contract under the laws of the State of Texas or under
other applicable Federal laws.

     

    4.      Attorney's
Fees. In the event of
default under this Note, or under any of the accompanying instruments securing
payment of this Note, or if this Note is placed in the hands of an attorney or agency for
collection, regardless of whether or not suit is filed, or if this Note
is collected by suit
or legal process including, but not limited to, through the probate court or
bankruptcy
proceedings, Debtor agrees to pay Creditor's reasonable attorney's fees and
expenses of collection.

     

    5.    
Waivers.
Debtor
waives grace, demand, presentment for payment, protest, notice of any kind
(including, but not limited to, notice of dishonor, notice of protest, notice of
intention to
accelerate, and notice of acceleration), and diligence in collecting and
bringing suit against Debtor.

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    6.    
Usury
Exclusion. All
agreements between Debtor and Creditor are expressly limited such that in no
contingency or event shall the amount paid or agreed to be paid to Creditor for
the
use, forbearance, or detention of the money to be lent under this Note exceed
the maximum amount
permissible under the applicable Federal and State Usury laws, It is the
intention of Debtor and Creditor to conform strictly to the State and Federal
Usury laws applicable to this loan
transaction, and to permit the highest rate of interest according to law.
Therefore, in this Note,
or in any of the documents securing payment of this Note or otherwise relating
to this Note,
the aggregate of all interest and any other charges constituting interest under
the applicable
law, whether contracted for, chargeable, or receivable under this Note or
otherwise in connection with this loan transaction, shall under no circumstances
exceed the maximum amount of interest permitted by law. If any excess of
interest is provided for, or is adjudicated to
be so provided for, in this Note or in any of the documents securing payment of
this Note or otherwise
relating to this Note, then in such
event:

     

    
      	
            	
              (a) 

            	
              the
      provisions of this paragraph shall govern and
  control;

            

    

     

    
      	
            	
              (b) 

            	
              neither
      Debtor nor Debtor's legal representatives, successors, assigns or any
      other
      party liable for the payment of this Note shall be obligated to pay the
      amount of such interest to the extent that it is in excess of the maximum
      permitted by law;

            

    

     

    
      	
            	
              (c) 

            	
              any
      excess of interest shall be deemed a mistake and is hereby cancelled
      automatically,
      and any excess of interest paid shall, at the option of Creditor, be
      refunded to Debtor or credited to the principal amount of the
      Note;

            

    

     

    
      	
            	
              (d)

            	
              the effective rate of
      interest shall be automatically subject to
      reduction to the maximum
      lawful contract rate allowed under applicable law, as it now or may later
      be construed by courts of appropriate
  jurisdiction;

            

    

     

    
      	
            	
              (e) 

            	
              the
      determination of the rate of interest shall be made by amortizing,
      prorating, allocating
      and spreading in equal parts during the period of the full stated term of
      the loan, all interest at any time contracted for, charged or received
      from Debtor in connection with the
loan.

            

    

     

    7.    
Guarantor.
Pursuant
to a guarantee agreement dated June 19, 2009 (the "Guarantee
Agreement ") between The Amacore Group, Inc., a Delaware corporation, (the
"Guarantor") which owns all the outstanding shares of capital stock of the
Debtor, the
obligations of the Debtor under this Promissory Note are guaranteed by the
Guarantor,
subject to the terms of said Guarantee
Agreement.

     

    8.     Construction.
The
obligations incurred herein shall be performed in Plano, County
of Collin, State of Texas and shall be governed by the laws of the State of
Texas.

     

    IN
WITNESS WHEREOF, the undersigned has executed this Note on the date first
written above.

     

    Debtor:

    ZURVITA,
INC.

     

     

    /s/
Mark Jarvis

    Mark
Jarvis, Presidentamacore_8k-e0402.htm

    Exhibit
4.2

     

    

 

    GUARANTY
AGREEMENT

     

    1.      For
and in consideration of the granting of financial accommodation by AmeriPlan
Corporation (hereinafter called "Creditor") to Zurvita, Inc. (hereinafter called
"Debtor"), The Amacore Group, Inc. unconditionally guarantees and promises to
Creditor, its successors or assigns, the due and punctual payment when due and
upon demand, whether by acceleration or otherwise, in lawful money of the United
States, all indebtedness of Debtor under and with respect to the obligations and
liabilities set forth in that certain promissory note of Debtor in favor of
Creditor in principal amount of $600,000.00 of even date herewith and
attached hereto as Exhibit "A", now or hereafter incurred or created, however
arising, whether due or not due, absolute or contingent, liquidated or
unliquidated, determined or undetermined, and whether Debtor may be liable
individually or jointly with others, or whether recovery upon such indebtedness
may be or hereafter become barred by any statute of limitations, or whether such
indebtedness may be or hereafter become otherwise unenforceable (the foregoing
hereafter collectively called "indebtedness"). The liability of the undersigned
under this guaranty shall not exceed the sum of $600,000.00 for principal,
together with all interest upon the indebtedness and all costs of collection
including without limitation reasonable attorneys' fees. Any payment by
undersigned shall not reduce its maximum obligation hereunder, unless written
notice to that effect be actually received by Debtor at or prior to the time of
such payment.

     

    2.      The
undersigned authorizes and empowers Creditor, in the latter's uncontrolled
discretion, without notice or demand and without diminishing, releasing,
discharging, or otherwise affecting the liability of the undersigned hereunder,
at any time and from time to time, and in such manner and upon such terms, if
any, as Creditor may determine, to (a) the time and/or manner of payment of the
indebtedness or any part thereof, (b) take and hold security for the payment of
the indebtedness or any part thereof, change, substitute, exchange, enforce,
sell, waive and release all or any portion of any security held by the Creditor
for the payment of the indebtedness or for the performance of this guaranty; (c)
apply such security and direct the order or manner of sale thereof as Creditor
in its discretion may determine; and (d) release or substitute any other of the
undersigned, or any of the endorsers or guarantors of the indebtedness, or any
part thereof, or any other parties thereto. The obligations of the undersigned
hereunder shall not be released, discharged or in any way affected nor shall the
undersigned have any rights or recourse against the Creditor, by reason of any
action the Creditor may take or omit to take under the foregoing powers of
authority.

     

    3.    
The undersigned waives any right to require Creditor to (a) proceed against
Debtor or others, (b) proceed against or exhaust any security held by Creditor,
or (c) pursue any other remedy in Creditor's power whatsoever; and the
undersigned waives any defense arising by reason of any disability or other
defense of the Debtor, or by reason of the cessation from any cause whatsoever
of the liability of the Debtor. Until all indebtedness of Debtor to Creditor
shall have been paid in full, the undersigned shall not have any right of
subrogation, and the undersigned waives any right, power or remedy which
Creditor now has, or may hereafter have, against any other of the undersigned or
against Debtor, or against any other person, and waives any benefit of and any
right to participate in any security whatsoever now or hereafter held by
Creditor. The undersigned waives all presentments, demands for performance,
notices of nonperformance, protests, notices of protest, notices of dishonor,
and notices of acceptance of this guaranty and of the existence, creation, or
incurring of new or additional indebtedness.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    4.    
In case the Debtor shall fail to pay all or any part of the indebtedness when
due, whether by acceleration or otherwise, the undersigned immediately upon such
default of Debtor shall pay to Creditor the amount due and unpaid by the Debtor
as aforesaid in like manner as if such amount constituted the direct and primary
obligation of the undersigned. The Creditor shall not be required prior to any
such payment by the undersigned to make any demand upon or pursue or exhaust any
of its powers, rights or remedies against any other of the undersigned, the
Debtor or others with respect to the payments of any of the indebtedness or to
pursue or exhaust any of its rights or remedies with respect to any security
held by the Creditor. The obligations of the undersigned hereunder are
independent of the obligations of Debtor, and separate action or actions may be
brought and prosecuted against the undersigned whether action is brought against
Debtor or whether Debtor be joined in any such action or actions; and the
undersigned waives the benefit of any statutes of limitations affecting his
liability hereunder or the enforcement thereof.

     

    5.      Any
indebtedness of Debtor now or hereafter held by the undersigned is hereby
subordinated to the indebtedness of Debtor to Creditor; and if Creditor so
requests, such indebtedness of Debtor to the undersigned shall be collected,
enforced and received by the undersigned as trustees for Creditor and be paid
over the Creditor on account of the indebtedness of Debtor to Creditor but
without reducing or affecting in any manner the liability of the undersigned
under the other provisions of this guaranty.

     

    6.      If
Debtor is a corporation, partnership or other unincorporated organization, it is
not necessary for Creditor to inquire into the powers of Debtor or the powers of
the officers, directors, partners or agents acting or purporting to act on
behalf of Debtor, and any indebtedness made or created in reliance upon the
professed exercise of such powers shall be guaranteed hereunder.

     

    7.      The
undersigned agrees upon demand to pay all costs and expenses of any nature,
including reasonable attorney's fees, court costs and costs of collection,
incurred or expended by the Creditor in the enforcement of this guaranty or in
any proceeding upon security for the indebtedness or this guaranty.

     

    8.      The
provisions of this instrument shall inure to the benefit of and bind all parties
hereto and their heirs, legatees, devisees, administrators, executors,
successors and assigns. The masculine gender includes the feminine and/or neuter
and the single number includes the plural, as occasion may require. Should more
than one person execute this instrument, the obligations of the undersigned are
joint and several.

     

    9.     
The obligations incurred herein shall be performed in Plano, County of Collin,
State of Texas and shall be governed by the laws of the State of
Texas.

     

    IN
WITNESS WHEREOF each of the undersigned has duly executed this instrument this
19th day of June, 2009.

     

    THE
AMACORE GROUP, INC.

     

     

     

    /s/
Jay
Shafer                

    Jay
Shafer, Chief Executive Officer

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00160-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00160-of-00352.parquet"}]]