GUARANTY AND INDEMNITY AGREEMENTGuaranty and Indemnity Agreement • November 21st, 2011 • Innolog Holdings Corp. • Services-computer integrated systems design • Virginia
This GUARANTY AND INDEMNITY AGREEMENT (“Guaranty”), made as of September 20, 2011 by Verle B. Hammond (“VH”), whose address is 8324 Woodlea Mill Road, McLean, VA 22102 (email: vhammond@innolog.com) and William P. Danielczyk (“WPD”) 3206 Sarah Joan Court, Oakton, VA 22124 (email: wdanielczyk@innologholdings.com), (together VH & WPD are the “Guarantors” and each a “Guarantor”), jointly and severally, in favor of Melvin D. Booth (“Lender”), whose address is 8318 Woodlea Mill Rd, McLean, VA 22102.
PROMISSORY NOTEPromissory Note • November 21st, 2011 • Innolog Holdings Corp. • Services-computer integrated systems design
This Note shall bear a total interest rate/fee of eighteen thousand eight hundred dollars ($18,800) through the Maturity Date (as defined herein), such fee to be deemed earned, due and payable upon the execution of this Note and shall be made in two nine thousand four hundred dollar ($9,400) installments on or before September 8, 2011 and October 8, 2011, respectively.
