GUARANTYGuaranty • May 15th, 2012 • First Choice Healthcare Solutions, Inc. • Services-management services
For sufficient consideration, the receipt and sufficiency of which are hereby acknowledged, and to induce CCR OF MELBOURNE, INC. (“Lender”) to accept that certain Revolving Line of Credit Promissory Note (the “Note”) of even date herewith in the original principal amount of $500,000.00 from FCID MEDICAL, INC. (“Borrower”), and the Loan Agreement dated of even date herewith (the “Loan Agreement”), the undersigned hereby unconditionally guaranties to Lender the prompt payment of all amounts due on the Note and Loan Agreement as and when the same shall become due whether by acceleration, extension or otherwise and the due and prompt performance of all obligations under the Note and the Loan Agreement. Lender may extend or renew any indebtedness or release any lien or collateral securing same, or waive any rights thereunder, or release any accommodation party or party secondarily liable thereon, all without the acknowledgement and consent of the undersigned and without thereby releasing or
LOAN AGREEMENTLoan Agreement • May 15th, 2012 • First Choice Healthcare Solutions, Inc. • Services-management services • Florida
THIS LOAN AGREEMENT (this “Agreement”) is made and entered into as of the 1ST day of February, 2012, by and between CCR OF MELBOURNE, INC., whose address is 709 S. Harbor City Boulevard, Suite 250, Melbourne, Florida 32901 (the "Lender") and FCID MEDICAL, INC., whose address is 709 S. Harbor City Boulevard, Suite 250, Melbourne, Florida 32901. (the "Borrower").
