Document:

Exhibit I

 

JOINT AND SEVERAL GUARANTY OF PAYMENT

 

THIS GUARANTY OF PAYMENT (this “Guaranty”)
is made as of the __ day of November, 2012, by Steven Leber and Joseph Bernstein (each, a “Guarantor” and together,
the “Guarantors”), in favor of Mel Harris (“Lender”) of the Promissory Note, dated as of
the date hereof with a principal amount of Two Hundred Thousand Dollars ($200,000) (the “Note”) issued by Grandparents.com,
Inc., a Delaware corporation (the “Borrower”).

 

RECITALS

 

WHEREAS, contemporaneously
herewith, Lender is making a loan to the Borrower in the principal amount of up to Two Hundred Thousand Dollars ($200,000) (the
“Loan”);

 

WHEREAS, contemporaneously
herewith, and as a condition of the Note, this Guaranty is being executed in order to provide guarantees (which shall be joint
and several) of the Note; and

 

WHEREAS, the
Lender requires as a condition to the making of the Loan that Guarantors shall have executed and delivered this Guaranty for the
benefit of the Lender.

 

NOW, THEREFORE,
in consideration of the premises and other good and valuable consideration, the receipt of which is hereby acknowledged, and in
order to induce Lender to make the Loan to Borrower, each Guarantor hereby represents, warrants and covenants to Lender as follows:

 

1.  Guaranty
of Obligations.  Subject to the limitations contained herein, the Guarantors hereby, jointly and severally, unconditionally
guarantee the prompt payment of the Obligations, as hereinafter defined, and become surety for, the prompt payment and performance
thereof (including any interest accruing thereon after maturity, or after the filing of any petition in bankruptcy, or the commencement
of any insolvency, reorganization or like proceeding relating to the Borrower, whether or not a claim for post-filing or post-petition
interest is allowed in such proceeding), whether direct or indirect (including those acquired by assignment or participation),
absolute or contingent, joint or several, due or to become due, now existing or hereafter arising; which arise out of or in connection
with the Loan from the Lender to the Borrower; and any amendments, extensions, renewals or increases and all costs and expenses
of the Lender (including reasonable attorneys’ fees, at all levels, including appellate courts, and expenses) incurred in
the documentation, negotiation, modification, enforcement, collection or otherwise in connection with any of the foregoing, including
the Note, as more fully set forth herein (collectively, the “Obligations”). If the Borrower defaults under any
such Obligations, the Guarantors will pay the amount due to the Lender.

 

2.  Nature
of Guaranty; Waivers.  This is a guaranty of payment and not of collection and the Lender shall not be required
or obligated, as a condition of the Guarantors’ liability, to make any demand upon or to pursue any of its rights against
the Borrower, or to pursue any rights which may be available to it with respect to any other person who may be liable for the payment
of the Obligations.

 

    	 

    	 

    

 

This is an absolute,
unconditional, irrevocable and continuing guaranty and will remain in full force and effect until all of the Obligations have been
indefeasibly paid in full, and the Lender has terminated this Guaranty. This Guaranty will remain in full force and effect even
if there is no principal balance outstanding under the Obligations at a particular time or from time to time. This Guaranty will
not be affected by any surrender, exchange, acceptance, compromise or release by the Lender of any other party, or any other guaranty
or any security held by it for any of the Obligations, by any failure of the Lender to take any steps to perfect or maintain its
lien or security interest in or to preserve its rights to any security or other collateral for any of the Obligations or any guaranty,
or by any irregularity, unenforceability or invalidity of any of the Obligations or any part thereof or any security or other guaranty
thereof. The Guarantors’ obligations hereunder shall not be affected, modified or impaired by any counterclaim, set-off recoupment,
deduction or defense based upon any claim the Guarantors, or any of them, may have (directly or indirectly) against the Borrower
or the Lender, except payment or performance of the Obligations.

 

Notice of acceptance
of this Guaranty, notice of extensions of credit to the Borrower from time to time, notice of default, diligence, presentment,
notice of dishonor, protest, demand for payment, and any defense based upon the Lender’ failure to comply with the notice
requirements under Sections 9-611 and 9-612 of the Uniform Commercial Code as in effect from time to time are hereby waived. Each
Guarantor waives all defenses based on suretyship or impairment of collateral.

 

The Lender at any time
and from time to time, without notice to or the consent of the Guarantor, and without impairing or releasing, discharging or modifying
the Guarantor’s liabilities hereunder, may (a) change the manner, place, time or terms of payment or performance of
or interest rates on, or other terms relating to, any of the Obligations; (b) renew, substitute, modify, amend or alter, or
grant consents or waivers relating to any of the Obligations, any other guaranties, or any security for any Obligations or guaranties;
(c) apply any and all payments by whomever paid or however realized including any proceeds of any collateral, to any Obligations
of the Borrower in such order, manner and amount as the Lender may determine in its sole discretion; (d) settle, compromise
or deal with any other person, including the Borrower or the Guarantor, with respect to any Obligations in such manner as the Lender
deems appropriate in its sole discretion; (e) substitute, exchange or release any security or guaranty; or (f) take such actions
and exercise such remedies hereunder as provided herein.

 

3.  Repayments
or Recovery from the Lender.  If any demand is made at any time upon the Lender for the repayment or recovery
of any amount received by it in payment or on account of any of the Obligations and if the Lender repays all or any part of such
amount by reason of any judgment, decree or order of any court or administrative body or by reason of any settlement or compromise
of any such demand, each Guarantor will be and remain liable hereunder for the amount so repaid or recovered up to the Obligations
to the same extent as if such amount had never been received originally by the Lender. The provisions of this Section will be and
remain effective notwithstanding any contrary action which may have been taken by each Guarantor in reliance upon such payment,
and any such contrary action so taken will be without prejudice to the Lender’ rights hereunder and will be deemed to have
been conditioned upon such payment having become final and irrevocable.

 

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4.  Enforceability
of Obligations.  No modification, limitation or discharge of the Obligations arising out of or by virtue of any
bankruptcy, reorganization or similar proceeding for relief of debtors under federal or state law will affect, modify, limit or
discharge the Guarantor’s liability in any manner whatsoever and this Guaranty will remain and continue in full force and
effect and will be enforceable against the Guarantors to the same extent and with the same force and effect as if any such proceeding
had not been instituted. Each Guarantor waives all rights and benefits which might accrue to it by reason of any such proceeding
and will be liable to the full extent hereunder, irrespective of any modification, limitation or discharge of the liability of
the Borrower that may result from any such proceeding.

 

Each Guarantor expressly waives the effect
of any statute of limitations or other limitations on any actions under this Guaranty.

 

5.  Events
of Default.  The occurrence of any of the following shall be an “Event of Default”: (i) any
Event of Default (as defined in the Promissory Note, dated as of the date hereof issued to the Lender); (ii) any default under
any of the Obligations that does not have a defined set of “Events of Default” and the lapse of any notice or cure
period provided in such Obligations with respect to such default; (iii) any Guarantor’s failure to perform any of his obligations
hereunder; (iv) the falsity, inaccuracy or material breach by any Guarantor of any written warranty, representation or statement
made or furnished to the Lender by or on behalf of any Guarantor; or (v) the termination or attempted termination of this Guaranty.
Upon the occurrence of any Event of Default, the Guarantors shall pay to the Lender the Obligations; or (c) the Lender in its sole
discretion may exercise with respect to any collateral any one or more of the rights and remedies provided a secured party under
the applicable version of the Uniform Commercial Code; or (d) the Lender in its sole discretion may exercise from time to time
any other rights and remedies available to it at law, in equity or otherwise.

 

6.  Costs.  To
the extent that the Lender incur any costs or expenses in protecting or enforcing its rights under the Obligations or this Guaranty,
including reasonable attorneys’ fees (at all levels, including appellate courts) and the costs and expenses of litigation,
such costs and expenses will be due on demand, will be included in the Obligations and will bear interest from the incurring or
payment thereof at the default rate (as contemplated in any of the Obligations).

 

7.  Postponement
of Subrogation.  Until the Obligations are indefeasibly paid in full, expire, are terminated and are not subject
to any right of revocation or rescission, the Guarantors postpone and subordinate in favor of the Lender or its designee (and any
assignee or potential assignee), any and all rights which the Guarantors or any of them may have to (a) assert any claim whatsoever
against the Borrower based on subrogation, exoneration, reimbursement, or indemnity or any right of recourse to security for the
Obligations with respect to payments made hereunder, and (b) any realization on any property of the Borrower, including participation
in any marshalling of the Borrower’s assets.

 

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8.  Notices All
notices, demands, requests, consents, approvals and other communications required or permitted hereunder (“Notices”)
must be in writing and will be effective upon receipt. Notices may be given in any manner to which the Lender and the Guarantors
may separately agree. Regardless of the manner in which provided, Notices may be sent to the office address of the Lender and the
office or residence address of the Guarantors or to such other address as either may give to the other for such purpose in accordance
with this Section.

 

9.  Preservation
of Rights.  No delay or omission on the Lender’ part to exercise any right or power arising hereunder will
impair any such right or power or be considered a waiver of any such right or power, nor will the Lender’ action or inaction
impair any such right or power. The Lender’ rights and remedies hereunder are cumulative and not exclusive of any other rights
or remedies which the Lender may have under other agreements, at law or in equity. The Lender may proceed in any order against
the Borrower, any Guarantor or any other obligor of, or any collateral securing, the Obligations.

 

10.  Illegality.  If
any provision contained in this Guaranty should be invalid, illegal or unenforceable in any respect, it shall not affect or impair
the validity, legality and enforceability of the remaining provisions of this Guaranty.

 

11.  Changes
in Writing.  No modification, amendment or waiver of, or consent to any departure by the Guarantors from, any
provision of this Guaranty, will be effective unless made in a writing signed by the Lender and the Guarantors, and then such waiver
or consent shall be effective only in the specific instance and for the purpose for which given. No notice to or demand on the
Guarantors will entitle the Guarantors to any other or further notice or demand in the same, similar or other circumstance.

 

12.  Entire
Agreement.  This Guaranty and the Note (including the documents and instruments referred to herein or therein)
constitutes the entire agreement and supersedes all other prior agreements and understandings, both written and oral, between the
Guarantors and the Lender with respect to the subject matter hereof. Unless otherwise defined herein, all capitalized terms used
herein shall have the meanings ascribed thereto in the Note.

 

13.  Successors
and Assigns.  This Guaranty will be binding upon and inure to the benefit of the Guarantors and the Lender and
their respective heirs, executors, administrators, successors and assigns; provided, however, that the Guarantors
may not assign this Guaranty in whole or in part without the Lender’ prior written consent and the Lender at any time may
assign this Guaranty in whole or in part.

 

14.  Interpretation.  In
this Guaranty, unless the Lender and the Guarantors otherwise agree in writing, the singular includes the plural and the plural
the singular; references to statutes are to be construed as including all statutory provisions consolidating, amending or replacing
the statute referred to; the word “or” shall be deemed to include “and/or”, the words “including”,
“includes” and “include” shall be deemed to be followed by the words “without limitation”;
and references to sections or exhibits are to those of this Guaranty. Section headings in this Guaranty are included for convenience
of reference only and shall not constitute a part of this Guaranty for any other purpose.

 

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15.  Electronic
Signatures; Counterparts. This Guaranty may be executed by facsimile or e-mail. Executed counterparts in electronic format,
including PDF or e-mail, or facsimile are to be treated as hand-marked originals and shall be of equal import and effect as hand-marked
originals and binding.

 

16.  Indemnity.  The
Guarantors agree to indemnify each of the Lender, each legal entity, if any, who controls the Lender and each of their respective
directors, officers and employees (the “Indemnified Parties”), and to hold each Indemnified Party harmless from
and against, any and all claims, damages, losses, liabilities and expenses (including all fees and charges of internal and external
counsel with whom any Indemnified Party may consult and all expenses of litigation and preparation therefor) which any Indemnified
Party may incur or which may be asserted against any Indemnified Party by any person, entity or governmental authority (including
any person or entity claiming derivatively on behalf of any Guarantor, in connection with or arising out of or relating to the
matters referred to in this Guaranty, whether (a) arising from or incurred in connection with any breach of a representation, warranty
or covenant by any Guarantor, or (b) arising out of or resulting from any suit, action, claim, proceeding or governmental investigation,
pending or threatened, whether based on statute, regulation or order, or tort, or contract or otherwise, before any court or governmental
authority; provided, however, that the foregoing indemnity agreement shall not apply to any claims, damages, losses,
liabilities and expenses solely attributable to an Indemnified Party’s gross negligence or willful misconduct. The indemnity
agreement contained in this Section shall survive the termination of this Guaranty and assignment of any rights hereunder. Each
Guarantor may participate at its expense in the defense of any such claim.

 

17.  Governing
Law; Exclusive Jurisdiction; Venue; Agent for Service.  This Guaranty has been delivered to and accepted by the
Lender and will be deemed to be made in the State of Florida. This Guaranty will be construed
and interpreted in accordance with the laws of the State of Florida, excluding its conflict of laws rules. Each Guarantor
hereby irrevocably consents to the exclusive jurisdiction of any state or federal court in Miami-Dade County, Florida; provided
that nothing contained in this Guaranty will prevent the Lender from bringing any action, enforcing any award or judgment or exercising
any rights against such Guarantor individually, against any security or against any property of such Guarantor within any other
county, state or other foreign or domestic jurisdiction. Each Guarantor acknowledges and agrees that the venue provided above is
a convenient forum for both the Lender and such Guarantor. Each Guarantor waives any objection to venue and any objection based
on a more convenient forum in any action instituted under this Guaranty. If the Lender shall commence an action or proceeding to
enforce any provisions of this Guaranty against any other party, then the Lender shall be reimbursed by such other party (or parties)
for its reasonable attorneys’ fees and other costs and expenses incurred in the investigation, preparation and prosecution
of such action or proceeding at all levels, including the appellate courts. The Company hereby irrevocably appoints Joseph Bernstein,
having an address of 6662 Casa Grande Way, Delray Beach, Florida 33446 as its agent for service of process in the State of Florida
for purposes of this Guaranty.

 

18.  WAIVER
OF JURY TRIAL.  EACH GUARANTOR IRREVOCABLY WAIVES ANY AND ALL RIGHT SUCH GUARANTOR MAY HAVE TO A TRIAL BY JURY IN
ANY ACTION, PROCEEDING OR CLAIM OF ANY NATURE RELATING TO THIS GUARANTY, ANY DOCUMENTS EXECUTED IN CONNECTION WITH THIS GUARANTY
OR ANY TRANSACTION CONTEMPLATED IN ANY OF SUCH DOCUMENTS. THE GUARANTOR ACKNOWLEDGES THAT THE FOREGOING WAIVER IS KNOWING AND VOLUNTARY.

 

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The Guarantor acknowledges
that it has read and understood all the provisions of this Guaranty, including the waiver of jury trial, and has been advised by
counsel as necessary or appropriate.

 

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IN WITNESS WHEREOF, the parties hereto
have duly executed this Guaranty, as of the date first above written.

 

	 	/s/ Steven Leber	 
	 	Steven Leber	 
	 	 	 
	 	/s/ Joseph Bernstein	 
	 	Joseph BernsteinCONTRIBUTION AND INDEMNIFICATION
AGREEMENT

 

This Contribution
and Indemnification Agreement (this “Agreement”) is entered into as of November 16, 2012 by and among
Steven Leber (“Leber”), Joseph Bernstein (“Bernstein”) and Grandparents.com, Inc., a
Delaware corporation (“Grandparents”).

 

Reference is made
to the Joint and Several Guaranty of Payment, dated as of November 16, 2012 (the “Guaranty”), entered into
by each of Leber and Bernstein in connection with that certain promissory note issued by Grandparents to Vanessa de Oliveira
(the “Lender”) on November 16, 2012 in the original principal amount of $250,000.

 

The following sets
forth the Agreement of the parties hereto with respect to the Guaranty:

 

1.          Each
of the Guarantors hereby agrees that if any of the Guarantors (the “Paying Guarantor”) is required to make any
payment to the Lender pursuant to the Guaranty that is greater than fifty percent (50%) of the amount then payable (“the
“Guaranteed Amount”) pursuant to the Guaranty then the other Guarantor shall promptly reimburse the Paying Guarantor
or Paying Guarantors so that no Guarantor has paid more than fifty percent (50%) of the Guaranteed Amount.

 

2.          In
consideration of their entering into the Guaranty, the Company hereby agrees to indemnify each of the Guarantors and to hold each
Guarantor harmless from and against, any and all claims, damages, losses, liabilities and expenses (including, without limitation
any amounts paid, payable or asserted by or on behalf of the Lenders pursuant to or otherwise with respect to obligations by any
of the Guarantors) which any of the Guarantors may incur or which may be asserted against the Guarantors or any of them by the
Lenders or any person acting on behalf thereof, in connection with or arising out of or relating to the Guaranty or matters referred
to therein.

 

    	 

    	 

    

 

3.          This
Agreement has been delivered to and accepted by the parties hereto and will be deemed to be made in the State of New York. THIS
AGREEMENT WILL BE INTERPRETED AND THE RIGHTS AND LIABILITIES OF THE PARTIES HERETO DETERMINED IN ACCORDANCE WITH THE LAWS OF THE
STATE OF NEW YORK, EXCLUDING ITS CONFLICT OF LAWS RULES. Each party hereto hereby irrevocably consents to the exclusive jurisdiction
of any state or federal court in the County of New York; provided that nothing contained in this Agreement will prevent any party
hereto from bringing any action, enforcing any award or judgment or exercising any rights against such any other party hereto individually,
against any security or against any property of any such other party within any other county, state or other foreign or domestic
jurisdiction. Each party hereto acknowledges and agrees that the venue provided above is the most convenient forum for such party.
Each party hereto waives any objection to venue and any objection based on a more convenient forum in any action instituted under
this Agreement.

 

4.          To
the extent that any party to this Agreement incurs any costs or expenses in protecting or enforcing its rights under this Agreement,
including reasonable attorneys’ fees and the costs and expenses of litigation, then the prevailing party shall be entitled
to reimbursement of such costs or expenses.

 

5.          
This Agreement (including the documents and instruments referred to herein or therein) constitutes the entire agreement and supersedes
all other prior agreements and understandings, both written and oral, between the Guarantors and the Company with respect to the
subject matter hereof. No modification, amendment or waiver of, or consent to any departure by any party from, any provision of
this Agreement, will be effective unless made in a writing signed by the Guarantors and the Company. This Agreement may be executed
by facsimile or e-mail. Executed counterparts in electronic format, including PDF or e-mail, or facsimile are to be treated as
hand-marked originals and shall be of equal import and effect as hand-marked originals and binding

 

Unless otherwise defined
herein, all defined terms shall have the meanings ascribed thereto in the Guaranty.

 

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If the foregoing correctly
reflects our agreement, please execute this letter agreement, in the place provided below for such purpose:

 

	 	GRANDPARENTS.COM, INC.
	 	 	 	 
	 	By:	/s/ Matthew Schwartz
	 	 	Name:	Matthew Schwartz
	 	 	Title:	Vice President

 

Agreed to and Accepted by:

 

	/s/ Steven Leber	 
	Steven Leber	 
	 	 
	/s/ Joseph Bernstein	 
	Joseph Bernstein	 

 

[Signature Page to Contribution and Indemnification
Agreement]

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