Exhibit 10(9)
GUARANTEE AND CREDIT EXTENSION AGREEMENT
Agreement, dated as of March 31, 2003, (this "Amendment"), between Xxxxxxx.
XxXxxxxxxxx, Sr. ("VDSr") and Dialog Group, Inc., a Delaware corporation (the
"Company")
WHEREAS, Xxxxxxx XxXxxxxxxxx, Xx. has allowed DGI and its subsidiaries to
maintain credit card balances on his personal credit cards for which he is
responsible in the maximum amount $35,000 on his VISA Card issued by Citibank,
NA ; and
WHEREAS, unless Xxxxxxx XxXxxxxxxxx, Xx. assumed these financial
responsibilities on behalf of the Company, the Company's interests would have
been severely harmed; and
WHEREAS, the Board of Directors has decided to compensate him for his extensions
of credit.
In consideration of Three Hundred Fifty Thousand shares of Company common stock
and of the premises and the mutual covenants hereinafter set forth, the parties
hereto hereby agree as follows:
3. VDSr agrees to keep the guarantees and credit card availability
described above in force and available to the Company until February 28, 2006.
4. The Company shall issue 350,000 shares of its common stock to VDSr as
compensation for the continued financial responsibilities described in section
1.
IN WITNESS WHEREOF, the parties have duly executed this Agreement as of
the date first above written.
DIALOG GROUP, INC.
By: /s/ Xxxxxxx XxXxxxxxxxx, Xx.
-----------------------------
Xxxxxxx XxXxxxxxxxx, Xx.,
Executive Vice-President and COO
EMPLOYEE
By: /s/ Xxxxx X. XxXxxxxxxxx
--------------------------
Name: Xxxxx XxXxxxxxxxx
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