SEC Contract Filing

Filing Date: 2017-10-31

Document Content:
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<TYPE>EX-10.115
<SEQUENCE>3
<FILENAME>d479247dex10115.htm
<DESCRIPTION>EX-10.115
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<TITLE>EX-10.115</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.115 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">GUARANTY </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">THIS
GUARANTY (this &#147;Guaranty&#148;) is entered into by the undersigned (&#147;Guarantor&#148;) this 26<SUP STYLE="font-size:85%; vertical-align:top">th</SUP> day of October, 2017 (the &#147;Effective Date&#148;). </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">RECITALS </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">WHEREAS, Ryan Boone County, LLC (&#147;Landlord&#148;) and Smith&nbsp;&amp; Wesson Corporation (&#147;Tenant&#148;) are
parties to that certain Lease Agreement dated of even date herewith (the &#147;Lease&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">WHEREAS, Landlord has agreed
to execute the Lease on the condition that the undersigned Guarantor execute this Guaranty in favor of Landlord. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">AGREEMENT </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">NOW, THEREFORE, in consideration of the Lease and other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the undersigned agrees as follows for the benefit of Landlord: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">1.&nbsp;&nbsp;&nbsp;&nbsp;For
purposes hereof, including, but not limited to, the foregoing recitals, all capitalized terms used, but not defined, in this Guaranty shall have the meaning ascribed to them in the Lease. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">2.&nbsp;&nbsp;&nbsp;&nbsp;Subject to the other terms hereof, Guarantor hereby: (i)&nbsp;guarantees to the Landlord, its
successors and assigns, the full and prompt payment of all amounts due from Tenant to Landlord under and pursuant to said Lease during the Term, and the full performance and observance of all the covenants, terms, conditions and agreements therein
provided to be performed and observed by the Tenant, its successors and assigns, under the Lease during the Term; and (ii)&nbsp;agrees that if default shall at any time be made by the Tenant, its successors and assigns, in the payment or in the
performance of any of the terms, covenants, provisions or conditions contained in said Lease during the Term, then Guarantor will forthwith make such payments due to the Landlord, its successors and assigns, under the Lease during the Term and will
forthwith faithfully perform and fulfill all of such terms, covenants, conditions and provisions arising under the Lease during the Term, including, without limitation, the payment to the Landlord of all actual damages recoverable by Landlord under
the Lease as a result of a Tenant Default, but excluding damages that are not recoverable under the Lease as a result of the limitations set forth therein. If Landlord notifies Tenant that it is in default under the Lease during the Term, Landlord
shall simultaneously give written notice of such default to Guarantor, at the address set forth herein, and Guarantor shall the right to remedy such default within the cure periods provided in the Lease; provided, such cure periods shall not
commence until Landlord gives Guarantor written notice of such default. Landlord shall accept Guarantor&#146;s cure of any such default, and no Tenant Default shall arise therefrom in the event such default is timely cured. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">3.&nbsp;&nbsp;&nbsp;&nbsp;This Guaranty is an absolute and unconditional Guaranty of payment and of performance. It shall be
enforceable against the Guarantor, his or her successors and assigns, without the necessity for any suit or proceedings on the Landlord&#146;s part of any kind or nature whatsoever against the Tenant, its successors and assigns, and without the
necessity of any notice of <FONT STYLE="white-space:nowrap">non-payment,</FONT> <FONT STYLE="white-space:nowrap">non-performance</FONT> or <FONT STYLE="white-space:nowrap">non-observance</FONT> or any notice of acceptance of this Guaranty or any
other notice or demand to which the Guarantor might otherwise be entitled, all of which the Guarantor hereby expressly waives except as otherwise provided in the Lease or herein; and the Guarantor hereby expressly agrees that the validity of this
Guaranty and the obligations of the Guarantor hereunder shall in no way be terminated, affected or impaired by reason of the assertion or the failure to assert by the Landlord against the Tenant, or the
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Tenant&#146;s successors and assigns, of any of the rights or remedies reserved to the Landlord pursuant to the provisions of said Lease. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">4.&nbsp;&nbsp;&nbsp;&nbsp; </P>
<P STYLE="margin-top:12pt; margin-botto