EXHIBIT 11.3
GUARANTY AGREEMENT
This Guaranty is made this _____ day of June, 2005, by Xxxxxxx Xxxxxxxx
("Guarantor") to Hampton & Hampton, PA, Inc., herein referred to as "Obligee".
SECTION I. Statement of Guaranty.
In consideration of Xxxxxx X. Xxxxxxxx, executing and entering into an
Agreement providing for partial payment by a Promissory Note, in the sum of
Fifty One Thousand Dollars ($51,000.00) with Hampton & Hampton, PA, Inc., as
Seller and Holder, the undersigned Guarantor irrevocably and unconditionally
guarantees payment when due on said Note, whether by acceleration or otherwise
of all amounts due or to become due pursuant to said Promissory Note date June
15, 2005, together with all interest thereon and all attorney's fees, costs and
expenses for collection incurred by the Holder in enforcing any such obligations
and liabilities.
SECTION II. Effect of Invalidity.
No invalidity, irregularity or unenforceability of all or any part of
the obligations and liabilities hereby guaranteed or of any security therefore,
shall effect, impair, or be a defense to this Guaranty. This Guaranty is primary
obligation of the undersigned Guarantor.
SECTION III. Governing Law.
This instrument shall be deemed to have been made in the State of
Kansas and shall be interpreted in accordance with the laws of the State of
Kansas.
As part of the consideration for Xxxxxx X. Xxxxxxxx execution of the
said Promissory Note, the undersigned Guarantor agrees that any and all actions
and proceedings arising directly or indirectly from this Guaranty, shall be
litigated in Court having a situs within the State of Kansas. The undersigned
Guarantors consent to the jurisdiction of any local, state, or federal court
located within the State of Kansas, and waive personal service of any and all
process and consents that all such service of process may be made by certified
or registered mail, return receipt requested, directed to the undersigned at the
address indicated below.
SECTION IV. Binding Effect.
This Guaranty shall bind the respective heirs, executors,
administrators and successors, and assigns of the undersigned Guarantor.
SECTION V. Maximum Liability
The liability of the Guarantor under this Guaranty shall not exceed any
sums due from the above referenced Promissory Note of even date plus interest
and any costs, including attorney's fees, that may be incurred in enforcing the
payment of the indebtedness or obligations of Purchaser or with the collection
of said Note.
THIS AGREEMENT signed the day and year first above written.
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XXXXXXX XXXXXXXX
Address:
STATE OF MISSOURI )
)
COUNTY OF XXXXXXX, xx:
Acknowledged before me this 15th day of June, 2005, by XXXXXXX XXXXXXXX .
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My Commission expires: _____________ Notary Public
