Document:

Continuing Guaranty of Deer Valley Corporation

 Exhibit 10.03 
 CONTINUING GUARANTY 
 DEER VALLEY CORPORATION 
 THIS CONTINUING GUARANTY SUPERSEDES ITS ENTIRETY THAT CERTAIN 
 CONTINUING GUARANTY DATED EFFECTIVE APRIL 12, 2008. 
 For the purpose of inducing FIFTH THIRD BANK, a
Michigan banking corporation, hereinafter referred to as the “Lender,” to loan to DEER VALLEY HOMEBUILDERS, INC., an Alabama corporation, hereinafter referred to as the “Borrower,” the maximum sum of $5,000,000.00, the
undersigned, as successor by merger with Cytation Corp., hereinafter referred to as “Guarantor,” whether one or more, jointly and severally if more than one, does hereby unconditionally guaranty to Lender that: (a) Borrower will duly
and punctually pay or perform all indebtedness, obligations and liabilities, direct or indirect, matured or unmatured, primary or secondary, certain or contingent of Borrower to Lender now or hereafter owing or incurred (including without limitation
costs and expenses incurred by Lender in attempting to collect or enforce any of the foregoing) which are chargeable to Borrower either by law or under the terms of Lender’s arrangements with Borrower relative to the above mentioned loan,
hereinafter collectively referred to as the “Obligations” and individually as an “Obligation”; and (b) if there are any agreements or instruments evidencing or executed and delivered in connection with any Obligation,
including but not limited to a mortgage and/or security agreement, Borrower will perform in all other respects strictly in accordance with the terms thereof. 
 1. The word “Indebtedness” is used herein in its most comprehensive sense, and includes any and all advances (including future advances and those advances made by Lender to protect, enlarge or preserve the
priority, propriety, or amount of its lien against mechanic’s liens, equitable liens, or statutory claimants, or otherwise), debts, obligations and liabilities of Borrower heretofore, now or hereafter made, incurred or created, whether
voluntary or involuntary and however arising, whether due or not, absolute or contingent, liquidated, determined or undetermined, and whether Borrower 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. This is a Continuing Guaranty relating to said indebtedness, including that arising under subsequent or
successive transactions which shall either continue to increase the indebtedness or from time to time renew it after it has been satisfied. 
 2. The obligations hereunder are independent of the Obligations of Borrower and a separate action or actions may be brought and prosecuted against Guarantor whether action is brought against Borrower or whether Borrower may be joined in any
such action or actions; and Guarantor waives the benefit of any statute of limitations affecting its liability hereunder or the enforcement thereof. 

 3. Guarantor authorizes Lender, without notice or demand and without affecting its liability hereunder,
from time to time to: 
 (a) Renew, amend, compromise, extend, accelerate or otherwise change the time for payment of, or otherwise change the
terms of the indebtedness or any part thereof; 
 (b) Take and hold security for the payment of this guaranty or the indebtedness guarantied,
exchange, enforce, waive and release any such security; 
 (c) Apply such security and direct the order or manner of sale thereof as Lender
in its discretion may determine. 
 4. Guarantor waives any right to require Lender to: (a) proceed against Borrower; (b) proceed
against or exhaust any security held from Borrower; or (c) pursue any other remedy in Lender’s power whatsoever. Guarantor waives any defense arising by reason of any disability or other defense of Borrower or by reason of the cessation
from any cause whatsoever of the liability of Borrower, except the defense of payment, and until all indebtedness of Borrower to Lender shall have been paid in full, Guarantor shall have no right to subrogation, and waives any right to enforce any
remedy which Lender now has or may hereafter have against Borrower, and waives any benefit of, and any right to participate in any security now or hereafter held by Lender. Guarantor waives all presentments, demands for performance, notices of
nonperformance, protests, notices of dishonor, and notices of acceptance of this guaranty and of the existence, creation or incurring of new or additional indebtedness. Guarantor covenants to cause Borrower to maintain and preserve the
enforceability of any instruments now or hereafter executed in favor of the Lender, and to take no action of any kind which might be the basis for a claim that Guarantor has any defense hereunder other than payment in full of all indebtedness of
Borrower to Lender. Guarantor hereby indemnifies Lender against loss, cost or expense by reason of the assertion by Borrower of any defense of its obligations under any of the aforesaid instruments, or resulting from the attempted assertion by
Guarantor of any defense hereunder based upon any such action or inaction of Borrower. Guarantor waives any right or claim of right to cause a marshaling of Borrower’s assets or to require Lender to proceed against Guarantor in any particular
order. No delay on the part of Lender in the exercise of any right, power or privilege under the documentation with Borrower or under this guaranty shall operate as a waiver of any such privilege, power or right. 
 5. In addition to all liens upon, and rights of setoff against the monies, securities or other property of Guarantor given to Lender by law, Lender shall
have a lien upon and a right of setoff against all monies, securities and other property of Guarantor now or hereafter in the possession of or on deposit with Lender, whether held in a general or special account of deposit, or for safekeeping or
otherwise; and every such lien and right of setoff may be exercised without demand upon or notice to Guarantor. No act or conduct on the part of the Lender, or by any neglect to exercise such right of setoff or to enforce such lien, or by any delay
in so doing, shall operate as a waiver of such right; and every right of setoff and lien shall continue in full force and effect until such right of setoff or lien is specifically waived or released by an instrument in writing executed by Lender.

  

 2 

 6. Any indebtedness of Borrower now or hereafter held by Guarantor is hereby subordinated to the
indebtedness of Borrower to Lender. Guarantor also hereby waives any claim, right or remedy which Guarantor may now have or hereafter acquire against Borrower that arises hereunder and/or from the performance by Guarantor hereunder including,
without limitation, any claim, remedy or right of subrogation, reimbursement, exoneration, indemnification, or participation in any claim, right or remedy of Lender against Borrower or any security which Lender 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. 
 7. Guarantor agrees to pay
reasonable attorneys’ fees, paralegals’ fees and legal assistants’ fees, and all other costs and expenses which may be incurred by Lender in the enforcement of Borrower’s Obligations and/or of this guaranty. 
 8. Upon the default of Borrower with respect to any of its Obligations or liabilities to Lender, or in case Borrower or Guarantor shall become insolvent
or make an assignment for the benefit of creditors, or if a petition in bankruptcy or for corporate reorganization or for an arrangement shall be filed by or against Borrower or Guarantor, or in the event of an appointment of a receiver for Borrower
or Guarantor or its properties, or in the event that a judgment is obtained or warrant of attachment issued against Borrower or Guarantor, all or any part of the Obligations and liabilities of the Borrower and/or Guarantor to Lender, whether direct
or contingent, and of every kind and description, shall, without notice or demand, at the option of the Lender, become immediately due and payable and shall be satisfied by Guarantor. 
 9. Guarantor guarantees any sums that a trustee or debtor might thereafter recover from the Lender pursuant to a bankruptcy proceeding. 
 10. Guarantor acknowledges that Lender has been induced by this guaranty to make the loan to Borrower heretofore described, and this guaranty shall,
without further reference or assignment, pass to and may be relied upon and enforced by, any successor, participant or assignee of Lender in and to any liabilities or Obligations of Borrower. 
 11. Guarantor hereby waives any right to trial by jury in any litigation at any time arising with respect to any matter connected with this guaranty.

 12. This guaranty shall, for all purposes, be governed by and construed in accordance with, the laws of the State of Florida. 

Effective as of April 12, 2009, and execute the          day of April, 2009. 
  

 3 

			
	 DEER VALLEY CORPORATION,
 a Florida
corporation

		
	By:	 	 /s/ Steve Lawler

		 	Steven Lawler, as its Assistant Secretary
		
		 	 (CORPORATE SEAL)

 STATE OF
                         
 COUNTY OF                          
 The foregoing instrument was acknowledged before me this          day of April, 2009, by Steven Lawler, as Assistant Secretary of DEER VALLEY CORPORATION, a Florida corporation,
on behalf of the corporation. 
  

									
	  
	 	Personally known	 		 	  

	  
	 	Driver’s License (St.             )	 		 	Notary Public
	  
	 	Other Identification Produced	 		 	

									
		 	  
	 		 		 	  

		 	  
	 		 		 	Print or type name of Notary
		 		 		 		 	  
 (SEAL)

  

 4Description of 2009 Incentive Compensation Plan

 Exhibit 10.1 
 Midas International Corporation 
 Executive Incentive Compensation Plan (EICP) 
 (2009) 
 Plan Guideline 
  
  
  

	I.	Purpose 

 To provide a method of recognizing, motivating, and
rewarding performance of key members of Midas Management for their performance and contribution to stated business objectives. 
  

	II.	Administration 

 The Vice President of Human Resources will
administer the plan, with review of all plan participants by the CEO and the Board of Directors Compensation Committee. 
  

	III.	Effective Date 

 The program is effective January 1,
2009. 
 It is anticipated that the program will continue, however, the program is subject to change and may be terminated at any time. 
  

	IV.	Eligibility 

 Eligibility is based on an individual’s
overall responsibility and contribution to company objectives. Participation must further be approved annually. Participation in the plan will exclude any employees who are eligible for any other non-stock-based annual Incentive Plan. 
 No award will be made if a participant’s employment is terminated for cause or if participant voluntarily terminates his or her employment at any time prior to the
date the incentive is paid out. 
 In the case of a new hire, transfer, disability, death, or retirement, the award will be pro-rated based upon that portion
of the plan year in which the participant was actively employed with Midas International. 
 First-time promotion into the plan will also be pro-rated.
Promotions from one level to another will be pro-rated based on length of the time in each position. 
  

 Page 1 of 3 

	V.	Incentive Awards 

 Total company and individual achievement
will be measured against goals and objectives that have been established. 
 A participant’s target award will be weighed in accordance with the
following: 
  

	 	A)	50% - total company performance versus operating income target 

  

	 	B)	30% - individual performance versus individual objectives 

  

	 	C)	20% - comparable shop retail sales performance 

  

	A)	Total Company Performance – 50% 

 Performance below or above
stated target will be expressed as a percentage which will then be applied as a factor in determining each respective portion of the payout award. 
 In
order for a payout to occur on the total company performance, an achievement of greater than 80% versus target must be obtained. 
 Achievement in excess of
100% of total company operating income target will result in an enhancement to the calculated payout. For each 1% achievement over the operating income target, an additional 2% will be added to the operating income objective payout. 
 Achievement of 80%-99% of the operating income target will result in a reduced calculated payout. For each 1% achievement below the operating income target, a 2%
reduction will occur in the operating income payout. 
  

	B)	Individual Performance – 30% 

 Payout for this objective is
determined by the level at which an individual is able to achieve his/her stated personal objectives as reviewed and agreed upon by their manager. You can overachieve up to 150%. 
  

	C)	Comparable Shop Retail Sales Performance – 20% 

 Target is
2.0%. Performance below or above stated target will be expressed as a percentage which will then be applied as a factor in determining the payout award. In order for a payout to occur on the comparable shop retail sales objective, a minimum
achievement of 1.0% increase in comparable shop retail sales must be obtained. 
 An achievement in excess of a 2.0% increase in retail sales will result in
an enhancement to the payout. For each 0.1% achievement over 2.0%, an additional 2.0% will be added to the retail sales objective payout. 
 An achievement
of 1.0% - 1.9% increase in retail sales will result in a payout. For each 0.1% achievement below the comparable shop retail sales target of 2.0% , a 1.0% reduction will occur in the retail sales payout, however, there will be no payout if comp store
sales are less than 1%. 
  

 Page 2 of 3 

 Example #1: 
  

									
	 Assumptions
	  		  				 	
	 •     Individual salary
	  	=	  	$	150,000/yr.	 	 	
	 •     IC target level (35%)
	  	=	  	$	52,5000	 	 	
	 •     Total company achievement
	  		  				 	
	 –    Operating income
	  	=	  	 	110	%	 	
	 •     Individual achievement
	  	=	  	 	90	%	 	
	 •     Retail sales Achievement
	  	=	  	 	2.4	%	 	
	  
 Calculation:
	  		  				 	
				
	 Operating income ($52,500 x 50% x 120%)
	  	=	  	$	31,500	 	 	
	 Individual ($52,500 x 30% x 90%)
	  	=	  	$	14,175	 	 	
	 Comp. Retail sales ($52,500 x 20% x 108%)
	  	=	  	$	11,340	 	 	
		  		  	 	 	 	 	
				
	 2009 IC Payout Award
	  		  	$	57,015	 	 	

 The maximum award payout shall not be greater than 150% of a participant’s targeted bonus level. The
Compensation Committee will have the discretion to include or exclude unusual items in determining the level of achievement of objectives. 
  

	VI.	Payment of Awards 

 Incentive awards will be paid in a lump-sum payment (less appropriate Federal, State, and FICA withholdings) no later than March 15th of the following year; provided that the participant is employed at the time of payment as required by Section IV. 
  

 Page 3 of 3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00158-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00158-of-00352.parquet"}]]