HomeMy WebLinkAbout0782 ~ ' • - • • 1
. ~ • ~
1 ' - _ ~
. ~ ' i
'4
' ABSULUTE GUARANT~E AGREE!-lENT ~ ~
1 ~
0
~iICNO~Y ALL t~itiN BY TttL~SL• P}:kS~:NTS : '
~ '
I
~ For a~id in consiJcration of tr.e A~ree~+ent entered into
~
~y and bstwean I~ARREN R. S~iITH, INC. t/~ wRS rtOTIaN FICTURE !
;
~ ~.ABORATORY, of 2I0 5omple Strec~t, Pittsburgli, Pennsylvania. (herc- f
~inafte; cslled "WIi:~) and SJUTNEASTL-I'ati FICTURES CORP~ItATION, a ~
I
;Florida corporation, of Lehigh Acres, Florida, (hereinafter called~
~
~"SPC") datad t}~e lStl~ day of Apzil, 1968, which is made part ~iere- ~
f as though set out herein a~t lcn~th, and which Ag.reoment. is
.intended by sha uforesaid partias to be executed sfu~ultaneously
. ;
ith this Guarantee and xith the intent of the undersfgned to be
" • l~gally bouad hereby, tl~e undersignecl and eac1~ and ever~r one of ~ +
;
~ the~, jointly and severally, do hereby ~uarantee~to i~RS that SPC ~
ha21 pro~aptly and fully pay any and a21 indebtedness whi~h may ;
+
±exist under the said Agree~uant between WRS and SPC, snd that SPC ~
1
ishu2l promptly perform aIl promises aad co,~gi~ ~x~th a~22 teac~s and I
. . .
conditioas of ai}y such .~~reemeat, and in the oveut that SPC fails ~
i ~at any ti~e or tinos to pron~ptly pey any and a21 such indebtednessj
j ~Khich it ~s oUligated to pay under such Agroement, oT violates any~•
~ ~
~of the t~rms of conditions of the said Agreement or if any xarran-;
, ties of SPC in such Agree~ent shall prove to b~ uutrue os in tlie ;
evant of the bankruptcy, insolvency or appointment of a receiver ;
. for SPC, the undersigned, personally. individually both jointly an~
~ .
severally, pronisc to pay to k`RS any and all such fndebtedness as ~
tho sa~e becomes duo from SPC to.WRS forthwith upon demand, togethor
xith attorney's fees for co22ection in tha aiaount of fifteen (i5~)~
per cent of the amuunt 1ue, Nhicli a~ount is hereby a~reed to be '
fair and reasonable~. ` - .
Y~
~ i The undersigaed guaranLors hcreby waivc presentment for ~
,
~ ;
~payment, protest and notice of pro.test, and of non-perforr.~ance of ;
~
~ the said Agreement, and do further kaive ~21 rig,l~ts which .tliey have~
or nsy hsve by statute or atheswise, to rcquire i~RS to insti•tuto
i • ' _ ~
1.~ `
~
EXHIBIT "B" OOK
• ~ R i'18 M~ 78i ~
~ ~
i
_ . ~
. _ _ ~ ~s~
r
~ t_`~~* ~:%~~b. ~d-~ _ ~ ~ _