SEC Contract Filing

Filing Date: 2018-03-27

Document Content:
<DOCUMENT>
<TYPE>EX-10.42
<SEQUENCE>5
<FILENAME>ex_108468.htm
<DESCRIPTION>EXHIBIT 10.42
<TEXT>
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<p style="margin-bottom: 0px; text-align: right; margin-top: 0px"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt"><b>Exhibit 10.42</b></font></p>

<p style="margin-bottom: 0px; text-align: left; margin-top: 0px"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt">&nbsp;</font></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: right;">EXECUTION VERSION</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><br>
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<b><font style="font-family:'Times New Roman', Times, serif;font-size:10pt;">GUARANTEE<br>
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MADE BY<br>
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CAKE MARKETING UK LTD.<br>
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IN FAVOR OF<br>
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BEEDIE INVESTMENTS LIMITED<br>
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AS OF</font></b><br>
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<font style="font-family:'Times New Roman', Times, serif;font-size:10pt;"><b>JANUARY 25</b><b>, 2018</b></font><br>
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&nbsp;</p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>McCarthy T&eacute;trault<font style="font-family:'Times New Roman', Times, serif;font-size:10pt;">&nbsp;LLP<br>
Suite 2400, 745 Thurlow Street<br>
Vancouver, British Columbia V6E 0C5</font></b></p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><u><b>GUARANTEE</b></u></p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:72pt;">THIS GUARANTEE is made as of<font style="font-family:'Times New Roman', Times, serif;font-size:10pt;"> January 25, 2018.</font></p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:72pt;">WHEREAS the undersigned (the &ldquo;<font style="font-family:'Times New Roman', Times, serif;font-size:10pt;"><b>Guarantor</b>&rdquo;) has agreed to provide Beedie Investments Limited (the &ldquo;<b>Lender</b>&rdquo;) with a guarantee of the Obligations (as hereinafter defined) of Accelerize Inc. (the &ldquo;<b>Obligor</b>&rdquo;);</font></p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:72pt;">AND WHEREAS the Guarantor has agreed that if the guarantee is not enforceable, the Guarantor will indemnify the Lender or be liable as primary obligor;</p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:72pt;">AND WHEREAS in this instrument, unless something in the subject matter or context is inconsistent therewith, &ldquo;<font style="font-family:'Times New Roman', Times, serif;font-size:10pt;"><b>Guarantee</b>&rdquo; means this instrument including its recitals as amended from time to time;</font></p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:72pt;">NOW THEREFORE, in consideration of the premises and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Guarantor agrees with the Lender as follows:</p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;text-transform:uppercase;"><u><b>ARTICLE 1 - GUARANTEE</b></u></p>

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