GUARANTY
November 17, 2005
In order to induce Xxxxx X. Xxxxx, (hereinafter called "Lender") to
make a loan, or renewal or extension thereof, to RVision LLC, (hereinafter
called "Debtor"), the Undersigned hereby unconditionally guarantees the
repayment of the debt, to Lender, its successors and assigns, the due and
punctual payment when due, whether by acceleration or otherwise, in accordance
with the terms thereof, of the principal of and interest on and all other sums
payable, or stated to be payable, with respect to the note of the Debtor, made
by the Debtor to Lender, dated the 17th day of November, 2005, in the principal
amount sixty-three thousand two-hundred fifty dollars ($63,250). Such note, and
the interest thereon and all other sums payable with respect thereto are
hereinafter collectively called "Liabilities."
The Undersigned waives any notice of the incurring by the Debtor at any
time of any of the Liabilities, and waives any and all presentment, demand,
protest, or notice of dishonor, nonpayment, or other default with respect to any
of the Liabilities and any obligation of any party at any time. The Undersigned
hereby grants to Lender full power, in its uncontrolled discretion at the time
in force, to deal in any manner with the Liabilities including, but without
limiting the generality of the foregoing, the following power:
(a) To grant any extension or renewal thereof and any other
indulgence with respect thereto, and to effect any release,
compromise or settlement with respect thereto or with respect
to the collateral securing the Liabilities;
(b) To enter into any agreement of forbearance with respect to all
or any part of the Liabilities.
The obligations of the Undersigned hereunder shall not be released,
discharged, or in any way affected, nor shall the Undersigned have any rights or
recourse against Lender, by reason of any action Lender may take or omit to take
under the foregoing powers.
/s/ Xxxxxxx X. Xxxxxxxx
Xxxxxxx Xxxxxxxx
