Document:

Attachments to Loan and Security Agreement

 Exhibit 10.3 
 VSURANCE, INC. 
 A Nevada Corporation 
 DESIGNATION AND SIGNATORY AUTHORITY ON BEHALF OF THE COMPANY 
 CONSENT OF THE
DIRECTOR AND SECRETARY/TREASURER 
 Consent by the Director and Secretary/Treasurer of VSURANCE, INC in accordance with the minutes dated
November 5, 2005, wherein the Board of Directors authorized management, consultants and/or designees to execute any and all documents necessary to close the loan transaction with Samir Financial. Therefore, let it be known that William Russell
Smith, III Corporate Pet Advisor and guarantor of Samir Financial loan is hereby authorized to execute any and all documents on behalf of Vsurance. 
 This
document is effective this 13th day of December 2005. 
  

	
	 /s/ William Russell Smith

	William Russell Smith, III
	
	 /s/ Malcolm L. Pollard

	Malcolm L. Pollard

 VSURANCE, INC. 
 A Nevada Corporation 
 CONSENT OF DIRECTORS 
 This consent has been distributed among the Directors of VSURANCE, INC who shall independently review this request for stock issuance. Their approval of this consent
shall be signified by and with their signature. 
 Directors: Malcolm L. Pollard, Ann M. Perniciaro, and Allen Hayes.

 Topic for Review 
 On November 3, 2005, Samir
Financial requests the issuance of 1,200,000 Preferred Class A Shares in exchange for an equity investment / loan reduction of $500,000. 
 WHEREAS,
the Directors believe it is in the best interest of the Corporation to reduce the debt (loan liability) and therefore authorize the issuance of the shares described in these agreements. 
 NOW THEREFORE BE IT RESOLVED, that the Officers and Directors of the Corporation are directed to take the appropriate steps to affect the issuance of preferred
stock; furthermore, the Officers and Directors may take any actions as may be necessary or appropriate to carry out and affect the intended purposes of each of the foregoing resolutions. 
  

																
	 Purchaser/Investor
	  	Class of
Stock	  	Date of
Purchase	  	 Payment
 Method
	  	Amount	  	 Number of
 Shares
	  	Price Per
Share
	 Sara Mirza, Trust
	  	Preferred A	  	01/31/2006	  	Equity investment	  	$	500,000.00	  	$	1,200,000	  	$	0.42

 IN WITNESS WHEREOF, the undersigned being the Directors do hereby execute this consent effective this
November 30, 2005 
  

	
	 /s/ Malcolm L. Pollard

	Malcolm L. Pollard, Secretary, Tresurer/Director
	
	 /s/ Ann M. Perniciaro

	Ann M. Perniciaro, Director
	
	 /s/ Allen Hayes

	Allen Hayes, Director

 VSURANCE, INC. 
 A Nevada Corporation 
 CONSENT OF DIRECTORS 
 This consent has been distributed among the Directors of VSURANCE, INC who shall independently review this request for stock issuance. Their approval of this consent
shall be signified by and with their signature. 
 Directors: Malcolm L. Pollard, Ann M. Perniciaro, and Allen Hayes.

 Topic for Review 
 On November 3, 2005, the Board
of Directors authorized the issuance of 1,200,000 Preferred Class A Shares to Samir Financial in exchange for an equity investment / loan repayment reduction of $500,000. On this 31st day of January 2006, Samir Financial requests an additional 600,000 Preferred Class A Shares valued at $0.50 per share in exchange for an equity
investment / loan reduction of $300,000. 
 WHEREAS, the Directors believe it is in the best interest of the Corporation to reduce the debt (loan
liability) and therefore authorize the issuance of the shares described in these agreements. 
 NOW THEREFORE BE IT RESOLVED, that the Officers and
Directors of the Corporation are directed to take the appropriate steps to affect the issuance of preferred stock; furthermore, the Officers and Directors may take any actions as may be necessary or appropriate to carry out and affect the intended
purposes of each of the foregoing resolutions. 
  

															
	 Purchaser/Investor
	  	Class of
Stock	  	Date of
Purchase	  	Payment Method	  	Amount	  	 Number
of
 Shares
	  	Price Per
Share
	 Sara Mirza, Trust
	  	Preferred A	  	01/31/2006	  	Equity investment	  	$	300,000.00	  	600,000	  	$	0.50

 IN WITNESS WHEREOF, the undersigned being the Directors do hereby execute this
consent effective this January 31, 2006 
  

	
	 /s/ Malcolm L. Pollard

	Malcolm L. Pollard, Secretary, Tresurer/Director
	
	 /s/ Ann M. Perniciaro

	Ann M. Perniciaro, Director
	
	 /s/ Allen Hayes

	Allen Hayes, Director

 VSURANCE, INC. 
 4845 West Lake Road 
 Erie, Pennsylvania 16505 
 December 15, 2005 
 Samir Financial, L.L.C. 
 20682 N. Plumwood Drive 
 Kildeer, Illinois 60047 
 Attn: Mohammed H. Mirza 
  

	 	Re:	Authorization to Pay Proceeds 

 Gentlemen: 
 On this day we have entered into certain financing arrangements with you, including without limitation, the Loan and
Security Agreement, Promissory Note (Secured), and documents and instruments related thereto (such agreements, documents and instruments to be referred to collectively as the “Financing Agreements”). This letter will serve as our request
and authorization for you to pay out of the advances under the Financing Agreements the following amounts to the parties indicated below, and to charge our account therefor: 
  

										
	 	 	 Payee
	 	 	 	Amount
	 1.
	 	Samir Financial, L.L.C.	 		 	$	800,000.00	 	-as the Closing Fee
	 2.
	 	Samir Financial, L.L.C.	 		 	$	1,200,000.00	 	-for Prepaid Interest on the $4,000,000 Note
	 3.
	 	Samir Financial, L.L.C.	 		 	$	100,000.00	 	-Collateral Management Fee
	 4.
	 	Samir Financial, L.L.C.	 		 	$	100,000.00	 	-Audit Fees
	 5.
	 	Samir Financial, L.L.C.	 		 	$	200,000.00	 	-Good Faith Deposit
	 6.
	 	Bailey & Bailey	 		 	$	50,000.00	 	-Legal Fees and Expenses
		 	Total	 		 	$	2,450,000.00	 	

 You are further authorized and requested to follow such instructions and directions as you may be
given by the payees listed above with respect to the form and manner of payment. The balance of the $4,000,000 loan proceeds, or $ 1,550,000.00, shall be paid as follows: $500,000.00 at closing; $250,000.00 paid on January 31, 2006; $250,000
paid on February 28, 2006; $250,000.00 paid on March 31, 2006; and, $300,000.00 paid on April 30, 2006. 
 Samir Financial, L.L.C. 

 December 15, 2005 
 Page
Two Of Two 
  

			
	Very truly yours,
	
	VSURANCE, INC.
		
	By:	 	 /s/ W. Russell Smith

	Name:	 	W. Russell Smith, IIIGuarantee of W. Russell Smith, III

 Exhibit 10.4 
 W. Russell Smith, III 
 CONTINUING UNCONDITIONAL GUARANTY 
 WHEREAS, VSURANCE, INC., a Nevada corporation, (“Vsurance”) (referred to as the “Borrower”) have entered into a Loan and
Security Agreement dated December 15, 2005, (as amended, amended and restated or otherwise modified from time to time, the “Loan Agreement”) with Samir Financial, L.L.C., an Illinois limited liability company
(“Lender”) pursuant to which Lender, subject to the terms and conditions contained therein, has agreed to make a Loan (Secured) in the amount of Four Million Dollars ($4,000,000) evidenced by a Promissory Note to Borrower dated as
of December 15, 2005 in a like amount payable by Borrower to Lender (the “Note”); 
 WHEREAS, the undersigned is
desirous of having Lender extend credit to Borrower and Lender has required that Guarantor (as hereinafter defined) execute and deliver this Guaranty to Lender as a condition to the extension of credit by Lender; and 
 WHEREAS, the extension and/or continued extension of credit, as aforesaid, by Lender is necessary and desirable to the conduct and operation of the
business of Borrower and will inure to the personal and financial benefit of Guarantor; 
 NOW, THEREFORE, for value received and in
consideration of any loan, advance, or financial accommodation of any kind whatsoever heretofore, now or hereafter made, given or granted to Borrower by Lender (including, without limitation, the Loans as defined in, and made or to be made by Lender
to Borrower pursuant to, the Loan Agreement), the undersigned, and each of them, if there be more than one, (the “Guarantor”) unconditionally guaranties (i) the full and prompt payment when due, whether at maturity or earlier,
by reason of acceleration or otherwise, and at all times thereafter, of all of the indebtedness, liabilities and obligations of every kind and nature of Borrower to Lender or any parent, affiliate or subsidiary of Lender (the term “Lender”
as used hereafter shall include such parents, affiliates and subsidiaries), howsoever created, arising or evidenced, whether direct or indirect, absolute or contingent, joint or several, now or hereafter existing, or due or to become due, and
howsoever owned, held or acquired by Lender, whether through discount, overdraft, purchase, direct loan or as collateral or otherwise, including without limitation all obligations and liabilities of Borrower to Lender under the Loan Agreement and
(ii) the prompt, full and faithful discharge by Borrower of each and every term, condition, agreement, representation and warranty now or hereafter made by Borrower to Lender (all such indebtedness, liabilities and obligations being hereinafter
referred to as the “Borrower’s Liabilities”). Guarantor further agrees to pay all costs and expenses, including, without limitation, all court costs and reasonable attorneys’ and paralegals’ fees paid or incurred by
Lender in endeavoring to collect all or any part of Borrower’s Liabilities from, or in prosecuting any action against, Guarantor or any other guarantor of all or any part of Borrower’s Liabilities. All amounts payable by Guarantor under
this Guaranty shall be payable upon demand by Lender. 
 Notwithstanding any provision of this Guaranty to the contrary, it is intended that
this Guaranty, and any liens and security interests granted by Guarantor to secure this Guaranty, not constitute a “Fraudulent Conveyance” (as defined below). Consequently, Guarantor agrees 
  

 1 

 that if the Guaranty, or any liens or security interests securing this Guaranty, would, but for the application of this
sentence, constitute a Fraudulent Conveyance, this Guaranty and each such lien and security interest shall be valid and enforceable only to the maximum extent that would not cause this Guaranty or such lien or security interest to constitute a
Fraudulent Conveyance, and this Guaranty shall automatically be deemed to have been amended accordingly at all relevant times. For purposes hereof, “Fraudulent Conveyance” means a fraudulent conveyance under Section 548 of the
“Bankruptcy Code” (as hereinafter defined) or a fraudulent conveyance or fraudulent transfer under the provisions of any applicable fraudulent conveyance or fraudulent transfer law or similar law of any state, nation or other governmental
unit, as in effect from time to time. 
 Guarantor hereby agrees that, except as hereinafter provided, its obligations under this Guaranty
shall be unconditional, irrespective of (i) the validity or enforceability of Borrower’s Liabilities or any part thereof, or of any promissory note or other document evidencing all or any part of Borrower’s Liabilities, (ii) the
absence of any attempt to collect Borrower’s Liabilities from Borrower or any other guarantor or other action to enforce the same, (iii) the waiver or consent by Lender with respect to any provision of any instrument evidencing
Borrower’s Liabilities, or any part thereof or any other agreement heretofore, now or hereafter executed by Borrower and delivered to Bank, (iv) failure by Lender to take any steps to perfect and maintain its security interest in, or to
preserve its rights to, any security or collateral for Borrower’s Liabilities, (v) the institution of any proceeding under Chapter 11 of Title 11 of the United States Code (11 U.S.C. §101 et seq.), as amended (the “Bankruptcy
Code”), or any similar proceeding, by or against Borrower, or Lender’s election in any such proceeding of the application of Section 1111(b)(2) of the Bankruptcy Code, (vi) any borrowing or grant of a security interest by
Borrower as debtor-in-possession, under Section 364 of the Bankruptcy Code, (vii) the disallowance, under Section 502 of the Bankruptcy Code, of all or any portion of Lender’s claim(s) for repayment of Borrower’s
Liabilities, or (viii) any other circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor. 
 Guarantor hereby waives diligence, presentment, demand of payment, filing of claims with a court in the event of receivership or bankruptcy of Borrower, protest or notice with respect to Borrower’s Liabilities and all demands
whatsoever, and covenants that this Guaranty will not be discharged, except by complete performance of the obligations and liabilities contained herein. Upon any default by Borrower as provided in any instrument or document evidencing all or any
part of Borrower’s Liabilities, including without limitation the Loan Agreement, Lender may, at its sole election, proceed directly and at once, without notice, against Guarantor to collect and recover the full amount or any portion of
Borrower’s Liabilities, without first proceeding against Borrower, or any other person, firm, or corporation, or against any security or collateral for Borrower’s Liabilities. 
 Except as specifically provided in the Loan Agreement, Lender is hereby authorized, without notice or demand and without affecting the liability of
Guarantor hereunder, to at any time and from time to time (i) renew, extend, accelerate or otherwise change the time for payment of, or other terms relating to, Borrower’s Liabilities or otherwise modify, amend or change the terms of any
promissory note or other agreement, document or instrument now or hereafter executed by Borrower and delivered to Lender; (ii) accept partial payments on 
  

 2 

 Borrower’s Liabilities; (iii) take and hold security or collateral for the payment of Borrower’s
Liabilities guaranteed hereby, or for the payment of this Guaranty, or for the payment of any other guaranties of Borrower’s Liabilities or other liabilities of Borrower, and exchange, enforce, waive and release any such security or collateral;
(iv) apply such security or collateral and direct the order or manner of sale thereof as in its sole discretion it may determine; and (v) settle, release, compromise, collect or otherwise liquidate Borrower’s Liabilities and any
security or collateral therefor in any manner, without affecting or impairing the obligations of Guarantor hereunder. Lender shall have the exclusive right to determine the time and manner of application of any payments or credits, whether received
from Borrower or any other source, and such determination shall be binding on Guarantor. All such payments and credits may be applied, reversed and reapplied, in whole or in part, to any of Borrower’s Liabilities as Lender shall determine in
its sole discretion without affecting the validity or enforceability of this Guaranty. 
 To secure the payment and performance of
Guarantor’s obligations and liabilities contained herein, Guarantor grants to Lender a security interest in all property of Guarantor delivered concurrently herewith or which is now, or at any time hereafter in transit to, or in the possession,
custody or control of Lender or any affiliate of Lender, and all proceeds of all such property. Guarantor agrees that Lender shall have the rights and remedies of a secured party under the Uniform Commercial Code of Illinois, as now existing or
hereafter amended, with respect to all of the aforesaid property, including without limitation thereof, the right to sell or otherwise dispose of any or all of such property and apply the proceeds of such sale to the payment of Borrower’s
Liabilities. In addition, at any time after maturity of Borrower’s Liabilities by reason of acceleration or otherwise, Lender may, in its sole discretion, without notice to Guarantor and regardless of the acceptance of any security or
collateral for the payment hereof, appropriate and apply toward the payment of Borrower’s Liabilities (i) any indebtedness due or to become due from Lender to Guarantor, and (ii) any moneys, credits or other property belonging to
Guarantor, at any time held by or coming into the possession of Lender whether for deposit or otherwise. 
 Guarantor hereby assumes
responsibility for keeping itself informed of the financial condition of Borrower, and any and all endorsers and/or other guarantors of any instrument or document evidencing all or any part of Borrower’s Liabilities and of all other
circumstances bearing upon the risk of nonpayment of Borrower’s Liabilities or any part thereof that diligent inquiry would reveal and Guarantor hereby agrees that Lender shall have no duty to advise Guarantor of information known to Lender
regarding such condition or any such circumstances or to undertake any investigation not a part of its regular business routine. If Lender, in its sole discretion, undertakes at any time or from time to time to provide any such information to any
Guarantor, Lender shall be under no obligation to update any such information or to provide any such information to Guarantor on any subsequent occasion. 
 Guarantor consents and agrees that Lender shall be under no obligation to marshal any assets in favor of Guarantor or against or in payment of any or all of Borrower’s Liabilities. Guarantor further agrees that,
to the extent that Borrower makes a payment or payments to Lender, or Lender receives any proceeds of collateral, which payment or payments or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside and/or
required to be repaid to Borrower, its estate, trustee, receiver or any other party, 
  

 3 

 including, without limitation, Guarantor, under any bankruptcy law, state or federal law, common law or equitable theory,
then to the extent of such payment or repayment, Borrower’s Liabilities or the part thereof which has been paid, reduced or satisfied by such amount, and Guarantor’s obligations hereunder with respect to such portion of Borrower’s
Liabilities, shall be reinstated and continued in full force and effect as of the date such initial payment, reduction or satisfaction occurred. 
 Guarantor agrees that any and all claims of Guarantor against Borrower, any endorser or any other guarantor of all or any part of Borrower’s Liabilities, or against any of Borrower’s properties, whether arising by reason of any
payment by Guarantor to Lender pursuant to the provisions hereof, or otherwise, shall be subordinate and subject in right of payment to the prior payment, in full, of all of Borrower’s Liabilities. 
 Lender may, without notice to anyone, sell or assign Borrower’s Liabilities or any part thereof, or grant participations therein, and in any such
event each and every immediate or remote assignee or holder of, or participant in, all or any of Borrower’s Liabilities shall have the right to enforce this Guaranty, by suit or otherwise for the benefit of such assignee, holder, or
participant, as fully as if herein by name specifically given such right, but Lender shall have an unimpaired right, prior and superior to that of any such assignee, holder or participant, to enforce this Guaranty for the benefit of Bank, as to any
part of Borrower’s Liabilities retained by Lender. 
 This Guaranty shall be binding upon Guarantor and upon the successors (including
without limitation, any receiver, trustee or debtor in possession of or for Guarantor) of Guarantor and shall inure to the benefit of Lender and its successors and assigns. If there is more than one signatory hereto, all references to Guarantor
herein shall include each and every Guarantor and each and every obligation of Guarantor hereunder shall be the joint and several obligation of each Guarantor. Each Guarantor that is a corporation or a partnership hereby represents and warrants that
it has all necessary corporate or partnership authority, as the case may be, to execute and deliver this Guaranty and to perform its obligations hereunder. 
 This Guaranty shall continue in full force and effect, and Lender shall be entitled to make loans and advances and extend financial accommodations to Borrower on the faith hereof until such time as Lender has, in
writing, notified Guarantor that all of Borrower’s Liabilities have been paid in full and discharged and the Loan Agreement has been terminated or until Lender has actually received written notice from any Guarantor of the discontinuance of
this Guaranty as to that Guarantor, or written notice of the death, incompetency or dissolution of any Guarantor. In case of any discontinuance by, or death, incompetency or dissolution of, any Guarantor (collectively, a “Termination
Event”), this Guaranty and the obligations of such Guarantor and his or its heirs, legal representatives, successors or assigns, as the case may be, shall remain in full force and effect with respect to all of Borrower’s Liabilities
incurred prior to the receipt by Lender of written notice of the Terminating Event. The occurrence of a Terminating Event with respect to one Guarantor shall not affect or impair the obligations of any other Guarantor hereunder. 
 Wherever possible each provision of this Guaranty shall be interpreted in such manner as to be effective and valid under applicable law, but if any
provision of this Guaranty shall be prohibited by or invalid under such law, such provision shall be ineffective to the extent of such prohibition or invalidity without invalidating the remainder of such provision or the remaining provisions of this
Guaranty. 
  

 4 

 THIS GUARANTY SHALL BE GOVERNED AND CONTROLLED BY THE INTERNAL LAWS OF THE STATE OF ILLINOIS.

 Guarantor irrevocably agrees that, subject to Lender’s sole and absolute election, ALL ACTIONS OR PROCEEDINGS IN ANY WAY, MANNER
OR RESPECT, ARISING OUT OF OR FROM OR RELATED TO THIS GUARANTY SHALL BE LITIGATED IN COURTS HAVING SITUS WITHIN THE CITY OF CHICAGO, STATE OF ILLINOIS. GUARANTOR HEREBY CONSENTS AND SUBMITS TO THE JURISDICTION OF ANY LOCAL, STATE OR FEDERAL COURTS
LOCATED WITHIN SAID CITY AND STATE. Guarantor hereby irrevocably appoints and designates John Miller, 3250 W. Market St., STE. 307, Akron, Ohio 44333 (or any other person having and maintaining a place of business in such state whom Guarantor may
from time to time hereafter designate upon ten (10) days written notice to Lender and who Lender has agreed in its sole discretion in writing is satisfactory and who has executed an agreement in form and substance satisfactory to Lender
agreeing to act as such attorney and agent), as Guarantor’s true and lawful attorney and duly authorized agent for acceptance of service of legal process. Guarantor agrees that service of such process upon such person shall constitute personal
service of such process upon Guarantor, GUARANTOR HEREBY WAIVES ANY RIGHT IT MAY HAVE TO TRANSFER OR CHANGE THE VENUE OF ANY LITIGATION BROUGHT AGAINST GUARANTOR BY LENDER IN ACCORDANCE WITH THIS PARAGRAPH.  
 GUARANTOR HEREBY WAIVES ALL RIGHTS TO TRIAL BY JURY IN ANY ACTION OR PROCEEDING WHICH PERTAINS DIRECTLY OR INDIRECTLY TO THIS GUARANTY.

 Notwithstanding anything to the contrary contained in the Guaranty, no payment made by or for the account of Guarantor including,
without limitation, (i) a payment made by Guarantor in respect of Borrower’s Liabilities or (ii) a payment made by any other person under any other guaranty, shall entitle the Guarantor by subrogation or otherwise, to any payment from
Borrower or from or out of any property of Borrower and Guarantor shall not exercise any right or remedy against Borrower or any property of Borrower by reason of any performance by Guarantor under the Guaranty. 
 IN WITNESS WHEREOF, this Guaranty has been duly executed by the undersigned as of this 15th day of December, 2005. 
  

	
	 /s/ W. Russell Smith

	W. Russell Smith, III
	
	 Address:
 721 24th Street N.E.
 Canton, Ohio 44714

  

 5 

			
	STATE OF ILLINOIS	 	)
		 	) ss
	COUNTY OF COOK	 	)

 On this 15th day of December, 2005, before me personally came W. Russell Smith, III, to me known to be the individual described in and who executed the foregoing instrument. 
  

			
	 Official Seal
 B T Bailey
 Notary Public State of Illinois
 My Commision Expires 10/14/2008
	 	 /s/ B T Bailey

	 	Notary Public

  

 6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00109-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00109-of-00352.parquet"}]]