GUARANTEE AND POSTPONEMENT OF CLAIMPure Play Media Holdings, Inc. • July 28th, 2006
Company FiledJuly 28th, 2006FOR VALUABLE CONSIDERATION, the receipt and sufficiency of which is acknowledged, the undersigned Michael Fitzgerald, an individual resident in the City of Pismo, State of California, (the "Guarantor"), hereby covenants and agrees and hereby absolutely and unconditionally guarantees payment forthwith on demand as hereinafter provided, of FIVE PERCENT (5%) of the outstanding amount owing by Pure Play Media Inc. (the "Debtor") to Doral EZ Investments Inc. (the "Secured Party") pursuant to the Loan Agreement’s dated September 19, 2002, and March 14, 2003 (the "Loan Agreement") plus interest as hereinafter provided, together with all costs, expenses and solicitor's fees in connection with any default by the Debtor or the Guarantor in making payment to the Secured Party. THE GUARANTOR COVENANTS AND AGREES THAT: 1. Guarantee This shall be a contract of continuing guarantee intended to cover all present debts or liabilities (if any) of the Debtor to the Secured Party and all debts or
GUARANTEE AND POSTPONEMENT OF CLAIMPure Play Media Holdings, Inc. • July 28th, 2006
Company FiledJuly 28th, 2006FOR VALUABLE CONSIDERATION, the receipt and sufficiency of which is acknowledged, the undersigned Sieg Badke, an individual resident in the City of Pismo, State of California, (the "Guarantor"), hereby covenants and agrees and hereby absolutely and unconditionally guarantees payment forthwith on demand as hereinafter provided, of FIVE PERCENT (5%) of the outstanding amount owing by Pure Play Media Inc. (the "Debtor") to Doral EZ Investments Inc. (the "Secured Party") pursuant to the Loan Agreement’s dated September 19, 2002, and March 14, 2003 (the "Loan Agreement") plus interest as hereinafter provided, together with all costs, expenses and solicitor's fees in connection with any default by the Debtor or the Guarantor in making payment to the Secured Party. THE GUARANTOR COVENANTS AND AGREES THAT: