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‘COPY
GUARANTY AGREEMENT
‘aaa
This.
aur
MCCORD Cio"
is entered info effectivo ag of March no relones, withdrawal, subsiitation,
Siborlination, oxchango, deteriorati On ares o of Other impalrinent of any sedurty or ¢ oilatoral a
other rently nov or hereafter held by Lenuler for payment of the Obligations, or of
ther 5 (v) no release of Borrowor, bo-unraitoy, oF
°diligence.
econdarl Liable on the obligations, ar any part thereols and
of any other-pessan pri
(vi) no-delay or omission or| ae
or sare in exerolsing any ufShor powerwith xespeol to the Obfigations or any seonilty
or collateral. therefor or arin ahiall ih amy manner impair,
minis) ox cot the rig! faea fel oethe Obligations
end ihe lite iBty-of Guarantorhi if,
Guarantor spec agrees that itshall not be nevessary
or required, an d that Guarantor shall not
entitled to reqnix e, that Lender miligate damages, or file suit or proceed to. obtain or asset a
ch
fal en for pars ‘onaluy lgment
Hee ob now oronghereafter
apathet Borrower for the Obligations, or make any effort at collestion
from Borrower, or Srecloss
exiaty for the Obl
against or sock to realize
8; of filo abit or proce eat ay seourily dy
obtain or dayert
9 claim for personal judgmont agniust avy other party (whether maker, arian, OHSOE OF
giarety) Hable for the: ligalions, or iva eollvotiony ofthe Ob ticns trom any euch.
obhior patty, or exorelso-or aasert any ofhet sht or xemedy tow Lender is or may be ontitled
incoantotion with the Obligations dr any seunrity or collateral ov other gnaninty therefor, oc nasert
or file any clan against the nsvots or estate of Rorrower.or-any.oth eT
oleh
antor or otler. person
‘Guaraitor under ts
Hiable for the Ob! a Hons, or atiy past thetcol, before or aé'2 condition iforoing the
is Guaranty or requirieg payment of the Obligations by Guarantor hereandey,
or atany time theconBer. Guarmtor epresdly wal uy fight to the. benetit
ity of
of ar te neque or
contral application of any seourity ot collateral or tho neds of any security or collateral now
ot sat
ois bereahter obtalned by as secunty for thé Obligations, or any pit thereat, atid
st
Lender shall have no duty insolar as Guarantor is concemed fo cany-of fhe
4 ‘igatlons any monies, payments or other erty at any Lime covelved by or ato eria the
possession of Lender, except ay Lender’ determibie in its sole disération.
i Charastor
a
specifically agrees the Guarsntor shall nef have my recourse or-action ay t Lenderby reason
of any action
h
may inke or efit to take in, connection with the Ob: igations, the.cotlestion
of may some or amounts erein mentioned, op ia connection will my geourity or onllaters! orany
other piaranty dt-asy tine exishitg thomfor,
‘Guaratitor agteos to the ferys, provisions aad conditions of the Loshumoats
evidenchnyrthie joanot towetBortewet aay shodifiontion, consolidation ar
i
instruments or oth fetes ita wihkiioh ay te avobeun of may hereafter be oxeoiite by.‘Bonewor
from fine to tline evidonaing or ln conned! Wwib.the Obligations.of any prit ‘Sid agrees:
‘that Cuatantor’s lability boreunder shall ta no manner bo. ‘sotcd, reduced, or ieloused
‘by voasen. oF any tia TH, vovision or condition ofanysachyi wie OF‘other agreatientor
refnsal or omission01 f
saadby
conned! " are"
Kierto enforce at observe:
dér- ot any action taken. or onltiad. oh
ofsame orany forbearmmee or-compromise
8 taken by Lender pursnant thereto or in
7. Guarantor absolutely aud unconditionally covenants and agrees thatr(}in theevent
that Bormower docs not of is dnable te: ot perform the Obligations or any reaon inoluding,
‘without Umitafion, liquidation, dissolulina, wteiversilp, ingolvency, bi PIV, faal; ent iow
the banelit of oreditors, wcition, Btangentent, Composition of readjuatent or 6 similar
Bree effecting the status, Gornposition identhy, oxarende, assets or oblipationso:
or the dsaffinndnes ot termination of
proceedings; andfor (il) if all ox
or exeouted i in connect lon th STOW i fib ‘of the Obligations
ait of 6 Oblige ratio
Je for ony reason ti °
in or-as a walt of. why auch
st fo bo invalid, Ulepal, uaeniiresable,
(or any instrament or agieneat made
~2-
WROTE 19:23 ae HATSRAONE
OUD gaaTSd
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"
My
undcolleotible or fe;sgl y dipossible, for any meson whatsoever Gnoluding, without limiting the
eats aality of+ the going, upon, the al: aiymtent and/or performance Of the
& bLipations ta ultra vites of otherwise without authority, may violate applicable usury laws, is
oe
=
ot to-valid defenses, cloitas oF oftkets Wet, or any ingtruniont evid enone
ipetionsis forged of otherwise irregular), then
in any suck case Guarantor shell pry tad.
the Obligations ab herein rovided. and that ao-such osoutrenco
erwise affect Guarantor'sP oblizatlons hereunder, All indebledness of Bowower to Guanuitor,.
any way diciieh, or
i
whother 200 existing or hertafter avising Gucluding indebieds rk
horeby sibordinated the Obligations and all ens
i
from this iss 18
or securit interest ha id by Gusrardor shel ‘be.
substdinate to liens ind seanity interest of Lender tn ell ool! lateral seouting thé Obligations:
sa
& Should the status, compositian, stuohue or name of Borrower chanpe, indhiding,
butnot |imited to, by renson of amerger, dissolution, consolidation or reorganization, this Guaranty
shall continue and also'cover the indebtedicks and Obligations of Borrower mndee the nerny status,
composition struetae or rene poconding to the terms hereof If Borrower iz a general or Tiaited
ip, ho fecuination
of said partnership, nor withdrawal therefrom
or termination of
ovmnerdhip terest therein owned, bya: ay. era] ox linsited partner of such partgers) hf shall altar,
Uiadt
- oy modify Guarantor's ebli gations eli
forth inthis Guaranty or otherwise alieet, da Guaranty
in.uM any menor whatever, all of which obilyations of Guacaitor slall remain ta effect as herein,
i
wren.
$ iytheevent any yinent &om Barroworlo Lender is heldto vonstitate aprefirence
pay theanraunt he
under the ban! era toy laws, ort foray other reason Lenders required tovefaad such payment or
rooftoany other ee s
ease of Guarantor from any lia
Bouwuwerlo Lender shall aot constitute.
fonebat it
ty
‘Lender ypon deman
Gage may be, to the extent of any such paytient or payments, :
i
Gaaiantoy agreds 16 ay suigh amotint to
is Guaranty a whall continue to be offective or shal eo Toinataied, as the
10. AMLpay ents made opon the Obligations at eny tare sball be deemed to. have been
arantor that Leader hus been pe
thig Guaranty shall notin anywise
of subi
a
Boneweri losis express notlos ia willing is flven to Lender af the Lite ofpayinest by
it. The payment by Guarantor of ay amotnr ft
Je Garirasionto any tight, ute or. interest (is
dion, ox otherwise) In and to any of tie Obligations or any. proceeds therety for Boy
senngity or collateral therefor, winless add until the ful aniobitowingto ender i
i by Way.
on the Obligalions
bas been fully id, | but yehon the same has baon fully pald, Guarantor shail be subrogated os to any
Bit!eee anal
oller
dey it o tho rights of Lender ax
guarantors OF the Obligutions,
meaiaat ‘Borrower and/or any eine: 4 gansties oF
il. Giineittor waives marghallltig of sesets and Habilities, sels “4 itr inverse ander of
alienation, and all defensds
Lottho 20
given to sureties or guarantors at law or in i nlty other thya aotnal
indebtednos and pertormanes Oftheactions constiniting th es oligations, inch
it pursuant fo Rule 31 of the Toxag Rules of Civil Procedure, Sentions
51,008. 51008 of te Ton as Property Code,nad Chapter 34 of the Toes. insinices end Comingcve
te, ‘The faiture by Lender fo file or enfotos a claim af ‘the estate
froso8 i ‘or other procesding) of Borraweror any ot
{ ably
persor 1B
gal tion oof anyother or others shall ant affect thef
analy or scoondarily able
iyo sey
12. ‘This Guarant is intended to bo an gbgofate ud unconditional Atante of pemment
and not of collection for au shal Ui inure fo the benettt of Lendor and each and eve: ‘other person.
yho abel from tims fo time be or become the owner
or holder of any of the ‘Od! lige ons, aud sash
and syery rolerence freroin fo Lender shall alsa and refer to each and
inc}
tl
REGORRSOL OF
assipnes of Lender at any time holding or owning Btiy part of of interest it any part of the
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'
Obligations. This Guaranty shall be trensferabls
by Lender, it beng understood and stipulated that
thant theastionment or qansfer by Lender of
Eo thus Wanefered or assigned by
otherwise by Lendor
li its assignment,
atthe Pbtentions {orany part therefor iutersa{
Landes)by ageroioe all fu sights granied io
) auch trmnuferee algo, unless vided
Lender:
this. ‘Gunemly, to the extent of the part
of or internat in the Obligations thus assigned
or wansferred
to did ion The Guarantor express! ‘waives notice of tainster or avslpament of the
Obligations, or any part thereof, or of the # of Lender hereunder. +
13 if any of the following events shell oceur or be continuing
& Aa event of default ocoure under the tetms of the Obligations and continnes
beyond any time provided therein for the oure of such default,
Jf Guarantor defmults in the performance of chservaace of any agzecmont,
covenant, fmm of condition enstalnad hetsin:
© The bankruptcy or insolvency of, the assignment forthe benefit of editors,
by, or the appointment of a receiver for any of the property of Guarantor:
cc) if Guarantor is an outity, the liqnidation, dissobtdon, merger, or
sonsolt etfons of such entity; oF
e If au individesl Guarantor dies (in which event this Guaranty shell be
binding uy
substantl alt of guch estate is
belay prior to all
sibel
such: Gnarantor’s estat legal Fopresentelives and beits) and his estate-or.a
‘he oxecutot or gdainistator thereat
Lof the distribiilogs ofsuch nibar oe theren f(b: fly asin lf
te hig
apn ne ved
dv Sorat and subatiince by: Lender) aitheat ) ji omy and severale OF such
ne
deceased Guarantor’y solehereender, Gl) addiionall
Ohigationa, by offact} or. a ed) Nena oneal 8 Gates
‘without any
dh
sonal,Pine dete,atrmuch dis 's part) ona portion of the nisets of pach
asteto. valet (when.adclod to the yalao ofthe sei ty then securing the Ohi gations)
led Sppriser approved by Landay at not isn the amountof the Oullatans then
by a
$203 a. Soest OF dealtundter this Caumory sasl ne accursed,Uj tii he sopimmesoa fem reat
or iat, Lender shall give varentor notice ay provided: in the Lettey Apizetaant ("
even date, between anil Lendor, and if'such dotinyit ir not onzed
Oblgazons shall if
El is ah ito cure period, Eenlor mays sige leclare Hie ditions tobe, wadihe
on be and bovome Eoulewith dite and payable together with the interest
neonaed then eon nndor ho toxins Tat
of abd Wilk the: offeot ploy: ided-in, the
‘Gnarly. Upon an commence of on event it and the expirntion © the golice and
rnmity t-oure ovoA ‘Lender shall have right of set-off, in-and te and.
against the balance of overy deposit account of Guarantorat Lande, now of hereafter existing, and
any: other olaim of Guarantor ageinst Lender, now or and all _maney,
instruments,Si go0urity, documents, chetiel papors, oveditg, olalins, dotnaneds, err ‘praperty,
itaaler ‘the contzol of Lendos of any of ita a uso
Snteretis of Guacantor, which at sens hall. aotne into the possess fotSorat
or aintBales,
Ad, Bxcopt as otherwise provided Leroi i notlces, demands, requests; am
porimaoations ceuined or tai od besos al
delivery, or
i
expedited oly cere with: proof
ven in wil
delivery, fot
or
Hy Uae ae) mena
fates mail,
ep EE ropistered deilveitted spall, soften recalpt requested 0or (iv) faosimile (provide il
a4
A/24OTHL
UO aMARARSRVCONI
SOO CRUEL
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4
_-
thet cach. ficsiinile ix confirmed: by expedited delivery service or by United States mall in the
Trapnen
i
previo degoribod), addressed
oy to sneh other ldresa ay such party may
paxogerple at Toast 30 days prior to. tie
to the addressee ateuch parly's address set furtt: herein,
speully by wiltten viotice, sont in aboordance with this
date-of the giving of such notios, Avy sugh notieo-or.
-eornmunication shall bo med to have boon. tives and received vither af the time. of penal
aglivery, ov inthe cage of mail, ae-of 3 lowing deposit in an official depository of the
Jnited Stutes mil, or ih the Gase of either delivery seryles, or ficsimile, upou teceipt, To the
extent actual receipt 1s requi ired, -agjection or ofher refusal to accept ox the inability to delver
because of chatige address of wi is ich no‘notics was wosived shall be deemed to be receipt
af the
Jiclive, demand, request or other comminnication
is. ‘Unless the context oletely indicatis ottiatwise, Guarantor
shall morn each guavantor
moze thin one, shall be jointand several. Saltnany vee
bereonder, or any of them, jfmore thay one. Theo bf tions oF caoh of Gxarantors berenler, if
brought against Guarantors, jointly and
severally, and alngt aay one or rnors of them, or less than all, without . edring the
song of ama gg itney see tit and release any ate
Lenderagainet the other gnarantots, Lender’ Ty sotspromise with: anyone
‘Guarintors from all
sat
Git varanitory
ts OF
for sach
further Habllity to Lander for
neo iligations without linpairing the righ of Lender.to demand and collent (he balanos-of the
tions froma the other guarantors not so-roleased
Charantory that suoh. compromisn and rolease by
obligations of Guarantors as among themselves,
16, ‘Noprovision of tein yithin any instrament evidencing any ofthe Obligations shall
verbo cousteied
to oteuted coutiact by iantor topay, as consideration for the use, forbearance
or detention of money, Interest a a rate itr skcesg, iG ana} Wm interest rete peamitted to be
i
ed by the epplical io laws-of the Stute of Texas or the United States of Amorioa. Guarantor
aba neverbe-lial forintetost inexcess of fhe maximum tate that inaylawfuliy be obarged.under
the lweofthe Sinte of Lexas or ihe United States of Amezion, and [his provision aliall conteal over
any wher provision, of this -Ghotant ‘the More erehy of any other insirwaent.
evidencing, related to or goonring the: é iflentions which nmi ‘be i apprent confliotberewith 1
is hereby
my ith
inter 06 itn}
doising
‘euipulaiad @
‘the usin
or ysouring the
ot al
tend fo bi the intonit ‘both Gnatettor ard Landor te atall
a ! other dawe relating to thig Gueranty and tho imstrumonty
Obligations, now or hereafter in effect in the State of Texas and the
United States of Amordoa, and any sibsoqucnt judicial ivterprofation thereof to the extent that sans
are mace applicable thoreto.
17,
,
Bach Guarantor warrants and p resgnig that ( a any and ali balance shoots,5 aot
worth statoments and cthor financial deta whic inve heretofore on given i Lender witir
softs
foreneh Guarantor fairly and acourately
dite hereof and, since’ (he date thereof; te
‘it the finenoiel condidon of such Guarantor 8
‘hae buen fio material udvetas change Inthe financial
oonition
there are.no legal proceedings;
for. atone
dea
of such Cuatantor, and (b)-exosnt ag ‘boast out on any bit ulinchedh roto, (1)
elaine or dérnands pending apeinst, or to the. kapwiedge
‘against, such Guarantor: or atantors asses, {) such
iy pal requirement,
OF sun
(Qiarantor is not fi materlal breach or material detaalt-af: ay andGil} no event
Grek specifically such Guaraitor’s-executton-and delivery of thiy Guaranty) has oceured
which, th the Jnnse of time or action by a third party, could result in suoh Guaranitet's material
breach orm defanit under ay legal requirement,
Is. Guarantor shall fuenish to Lender finsucial iaformalion ae required in the Loa
Agreement, including ourront el orts:and atatomonity setting ont in cemgomabls detail
Lord finnnolal situation, and containmg snolrlafoiudtion as Lender may. ‘oquest,
in adcordaioe wilh gonettlly accepted accounting pra wtloes- ar Sor
he
BAT OF:IO:Ts aaIMARSHIOOAVER
TOOT EA KE
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’
men
aveeptable fo Lender, including, but not [mited to, Jote and accurate financial and cash flow
sinfemenie. Assoonasavailable, Guaruitor shall tumnisk Lender with a copy of iis tax retin filed
with the Internal Revenue Service,
9.The rights of Lender are cumulative and shall notbe exhausted by its exercise of
any of ile rights herounder or oth enw
antl eédunless.all Jadebtodness con: the Obligations heye Been
inst. Uentantor or by-a ir smnber of successive actions
paid, oll other Obligations
have been performed, including each of the dbligations of Guarantor hereunder.
20. ‘This Guaranty shall be iraildition to and cumulative off, and not in substitution,
novation or ge of any and all prior er contemporaneous guaranty agreements by Guarantor
in favorof Lender or assigned to Lendor by others.
‘This Guaranty shall be deemed to have been made under and shall bi 1 verned by
21.
the laws of the State of Texac inal respacis and shall not be waived, altexed, modifies oramended
ug {0 euy of ifs terme or provisions oxcept in waillay duly signed by Lender and Gantantor.
di
22.
fepadiog the finanoial condition of Barro wey ‘tin
Guarautor.ig familiar vith, aud daa. ia ila dontly reviewed the books and gecords
arulia fio iat cwith the vals of anyand all tellateral
te ba-oreated as securily fox the payment of the Obligations; however, Guarantor isnot
relying on such financial condition or the coila ag an Induoement to enter into this. Guarnaty,
Guarantor hereby specifically waives any requirement {hat Lender communicate any fact
inight matetially inoresse the risk of Guarantor nd releases Londer fiom any duty to discloge uch
facts ecnceming Borrower which-Guarantor may nol have discovered in Ke investigation of
rower, Guarantor adiniowledges and agreed thataielther Lender, nor any othot pirty made
any representation, warrenty orstatemcntto Guatttor in order to indtiee Guareutot to execute this
Caatanty.
23, Guarantor acknowledeos ane aeseng that this Guaranty accurately represent end
contains the entire agteeniont botycent amniorand Lender With respect-to the s foot matter
hereof, hat Guarantor is not relying, i thy execution of this-
ye3h
yhYe SUEe BLIC,S TE ORT
Lee
STATE OF TEXAS
COUNTY OF Shuts P $
This instrament was acknowledged before me on thy
2007, by Robert G. Taylor I, Meraber of BLYN I HO
tMl
e a
company, on behalf of said company.
SSSR ae
eee ss SSeS w et
HUOGINS
KATHERINE A.‘Sate
AL BOBLIC,$ ATE OF
C
6
» of Has Wi%
i ay Sommen
ages 282006
oa 2 es BOSSE S53
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SESAO7:8:23 amcHARSRWOZOS
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STATE OF TEXAS
COUNTY OF ‘a
:§
&
"FMsinskeument was acknowledwed beforeme onthe 4
2007, by Joseph D. MeCord, Member of BLYN I HOLD Nat eyof a as-linited labilit
company, on behalf of said company.
BP Phe, ze “Se, oy.
ws
PSST SSSESSSSESSS SSS OGi NOTAI PU CG STATEO
gi 6
KATHERINEA. HUDGINS
t tloSery Publ, Ste of Taxes i
My Conricaon Expes 12422008 i$8
BAS at a
-4-
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EXHIBIT "i"
RESOLUTIONS
“RESOLVED, that James R. McCord, Metiager (the."Execieee ating Officer").of BLYN IL
EUOLDING, LLG, a Texes limited dability company (the er "Company")is hereby authorized
for-and on behalf of the Company ta (i) borrow from ENCORE BANE. (the "Lender"
atiginal loanof $6,000,000.00 (the:"Loan"),:Gi) execute and deliver to the Lender for and
on bebalfofthe Company, the promissuzy dotes, loan agreements, preferred ship mortgage,
and such other instrunients or written obligations of the Company, ineluding interest rate
management agreements in connection with the Loan and. containing sneh terms and
conditions as may be acceptable or agreeable to the Fxecuting Officer, and (iH) pay any
fees, expenses or other amounts that may become due to Lender in connection, therewith.
“FURTHER RESOLVED, that the Executing Officeris hei eby authorized for and on behalt
of the Company ic pledge ag see
2
th
forthe repayment of <¢ Loaiand any-extensions,
rearrangements, or renewals thereof, such agsets of the Compariy as may be agread upon,
betwoon the Executing Officer and Lender,
*BURTHER RESOLVED, that the Executing Officer is hereby authorized to take such
further action and'to do all things that may appear itt his or hér disoretion ta be necessary
in connection with renewals, exiensions, rearrangements, retirements, ut coniprdinises of
the indebtedness of the Company owing tothe Leader, either directly or ‘by assignment,
"FURTHER RESOLVED, that the ender be
in these Resolutions or the Regulations ofthe & ‘omptly notified in. writing of any change
‘ompany, and until it bas actually received.
such notice in writing, the Lénder is authorized to act in pursuance of these Resolutions.
"FURTHER RESOLVED, that the execution by thefeeoting Officer of any doounient
authorized by the foregoing Resolutions or any decument excouted. in the aecomplis! ent
afany action or actions so authorized, 1s and/or shall becomeupon delivery, ihe enforceable
and binditig act and obligation of the Company, without the necessity of the. signature or
altéstation. of any other officer ofthe Company of the affixing of the corparate seal:
"FURTHER RESOLVED, that all acts, transactions, or agreements undertaken by any of
théafficers or
tastlers are her
-
oe yresciitatives of tie Conipany in its name in connection with the foregoing
ratified, confirmed, and adopted by the Company,
_
~Se
SIISHO7:R:21 ancHARSRWOZ0625007
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NOTICE OF INVALIDITY OF ORAL AGREEMENTS
As used in this Notice:
“Borrower” means the borrower or borrowers identified below.
"Lender" means ENCORE BANE,
"Loan" means the loan by Lender which is evidenced by the Promissory Note of even date
by Borrower and payable to the order of Lender, inthe original principal
herewith, executed
amount of $6,000,006.00,
“Loan Ay ent" means ome or more. promises, promissory notes, agreements,
daderlakings, security agreemeits, deeds of trust or other documents, or commitments, or
any combination of those actions.oxs documents, relating to the Loan,
"Parties" means each of the undersigned persons or entities,
THE WRITTEN LOAN AGREEMENT REPRESENTS THE FINAL AGREEMENT
BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE
OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS
OF THE PARTIES.
THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE
PARTIES.
Each of the Parties who signs below acknowledyes, represents, and warrants lo Lender thal
Lender has given and such parties have received a copy of this Notice on the date stated
below, prior to the execution of any Loan Agreement,
“This Notice nay-be-executed in nmalliple counterparts, and each counterpart executed by
an shall é deenied an originel and shall be binds ‘pou the person or éntit
excouting the sam 2, irrespectiveot whether
any other person has exesutad that ot any otlier
oor art of this Ni ‘otice. Production of any-counterpart ollier thanthe one to be enfirced
shall not be required,
Facouted thisagé’ day of March, 2007.
BORROWER: LENDER:
BLYN HOLDING, LLC ENCORE BANK.
By: By,
Jaa eCor anager Name: di BAy1O
Title:, ET
GUARANTORS:
Lb
ALLEN LAWRENCE BERR’
3/15/07:8:33 amsELARSRVOO206125007\n0a.wpd
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Li»
Of,
od bo
CLG
BLA
i f
ne
RO BER
A
LG.TL. Le
Yee
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CONFIDENTIAL ENRKON24 42
12/16/2013 05:19:58 PM 713-755-1451 Page 22 / 25
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ARBITRATION AGREEMENT
This Arbitration Agre t is entered into by and between ENCO, ANKE ("Lender").
BLYN Mf HOLDING, LLC, a Tex imited Liability company ‘Borrdwer"), and ALLEN
LAWRENCE BERRY, BLAKE T, LIEDTKE, eRe Gtk . TAYLOR TL, and JOSEPH D.
MCCORD (collectively, the "Guarantors"),
unt with regard to 2 $6,000,000,00 léan from Lender to
Borrower. Tn consideration of the premises and the mui
Preview
12/16/2013 05:19:58 PM 713-755-1451 Page 1/25 EXHIBIT cor7 4”? 12/16/2013 05:19:58 PM 713-755-1451 Page 2/25 ok ae Ps ‘COPY GUARANTY AGREEMENT ‘aaa This. aur MCCORD Cio" is entered info effectivo ag of March no relones, withdrawal, subsiitation, Siborlination, oxchango, deteriorati On ares o of Other impalrinent of any sedurty or ¢ oilatoral a other rently nov or hereafter held by Lenuler for payment of the Obligations, or of ther 5 (v) no release of Borrowor, bo-unraitoy, oF °diligence. econdarl Liable on the obligations, ar any part thereols and of any other-pessan pri (vi) no-delay or omission or| ae or sare in exerolsing any ufShor powerwith xespeol to the Obfigations or any seonilty or collateral. therefor or arin ahiall ih amy manner impair, minis) ox cot the rig! faea fel oethe Obligations end ihe lite iBty-of Guarantorhi if, Guarantor spec agrees that itshall not be nevessary or required, an d that Guarantor shall not entitled to reqnix e, that Lender miligate damages, or file suit or proceed to. obtain or asset a ch fal en for pars ‘onaluy lgment Hee ob now oronghereafter apathet Borrower for the Obligations, or make any effort at collestion from Borrower, or Srecloss exiaty for the Obl against or sock to realize 8; of filo abit or proce eat ay seourily dy obtain or dayert 9 claim for personal judgmont agniust avy other party (whether maker, arian, OHSOE OF giarety) Hable for the: ligalions, or iva eollvotiony ofthe Ob ticns trom any euch. obhior patty, or exorelso-or aasert any ofhet sht or xemedy tow Lender is or may be ontitled incoantotion with the Obligations dr any seunrity or collateral ov other gnaninty therefor, oc nasert or file any clan against the nsvots or estate of Rorrower.or-any.oth eT oleh antor or otler. person ‘Guaraitor under ts Hiable for the Ob! a Hons, or atiy past thetcol, before or aé'2 condition iforoing the is Guaranty or requirieg payment of the Obligations by Guarantor hereandey, or atany time theconBer. Guarmtor epresdly wal uy fight to the. benetit ity of of ar te neque or contral application of any seourity ot collateral or tho neds of any security or collateral now ot sat ois bereahter obtalned by as secunty for thé Obligations, or any pit thereat, atid st Lender shall have no duty insolar as Guarantor is concemed fo cany-of fhe 4 ‘igatlons any monies, payments or other erty at any Lime covelved by or ato eria the possession of Lender, except ay Lender’ determibie in its sole disération. i Charastor a specifically agrees the Guarsntor shall nef have my recourse or-action ay t Lenderby reason of any action h may inke or efit to take in, connection with the Ob: igations, the.cotlestion of may some or amounts erein mentioned, op ia connection will my geourity or onllaters! orany other piaranty dt-asy tine exishitg thomfor, ‘Guaratitor agteos to the ferys, provisions aad conditions of the Loshumoats evidenchnyrthie joanot towetBortewet aay shodifiontion, consolidation ar i instruments or oth fetes ita wihkiioh ay te avobeun of may hereafter be oxeoiite by.‘Bonewor from fine to tline evidonaing or ln conned! Wwib.the Obligations.of any prit ‘Sid agrees: ‘that Cuatantor’s lability boreunder shall ta no manner bo. ‘sotcd, reduced, or ieloused ‘by voasen. oF any tia TH, vovision or condition ofanysachyi wie OF‘other agreatientor refnsal or omission01 f saadby conned! " are" Kierto enforce at observe: dér- ot any action taken. or onltiad. oh ofsame orany forbearmmee or-compromise 8 taken by Lender pursnant thereto or in 7. Guarantor absolutely aud unconditionally covenants and agrees thatr(}in theevent that Bormower docs not of is dnable te: ot perform the Obligations or any reaon inoluding, ‘without Umitafion, liquidation, dissolulina, wteiversilp, ingolvency, bi PIV, faal; ent iow the banelit of oreditors, wcition, Btangentent, Composition of readjuatent or 6 similar Bree effecting the status, Gornposition identhy, oxarende, assets or oblipationso: or the dsaffinndnes ot termination of proceedings; andfor (il) if all ox or exeouted i in connect lon th STOW i fib ‘of the Obligations ait of 6 Oblige ratio Je for ony reason ti ° in or-as a walt of. why auch st fo bo invalid, Ulepal, uaeniiresable, (or any instrament or agieneat made ~2- WROTE 19:23 ae HATSRAONE OUD gaaTSd ENBK 000039 12/16/2013 05:19:58 PM 713-755-1451 Page 4/25 " My undcolleotible or fe;sgl y dipossible, for any meson whatsoever Gnoluding, without limiting the eats aality of+ the going, upon, the al: aiymtent and/or performance Of the & bLipations ta ultra vites of otherwise without authority, may violate applicable usury laws, is oe = ot to-valid defenses, cloitas oF oftkets Wet, or any ingtruniont evid enone ipetionsis forged of otherwise irregular), then in any suck case Guarantor shell pry tad. the Obligations ab herein rovided. and that ao-such osoutrenco erwise affect Guarantor'sP oblizatlons hereunder, All indebledness of Bowower to Guanuitor,. any way diciieh, or i whother 200 existing or hertafter avising Gucluding indebieds rk horeby sibordinated the Obligations and all ens i from this iss 18 or securit interest ha id by Gusrardor shel ‘be. substdinate to liens ind seanity interest of Lender tn ell ool! lateral seouting thé Obligations: sa & Should the status, compositian, stuohue or name of Borrower chanpe, indhiding, butnot |imited to, by renson of amerger, dissolution, consolidation or reorganization, this Guaranty shall continue and also'cover the indebtedicks and Obligations of Borrower mndee the nerny status, composition struetae or rene poconding to the terms hereof If Borrower iz a general or Tiaited ip, ho fecuination of said partnership, nor withdrawal therefrom or termination of ovmnerdhip terest therein owned, bya: ay. era] ox linsited partner of such partgers) hf shall altar, Uiadt - oy modify Guarantor's ebli gations eli forth inthis Guaranty or otherwise alieet, da Guaranty in.uM any menor whatever, all of which obilyations of Guacaitor slall remain ta effect as herein, i wren. $ iytheevent any yinent &om Barroworlo Lender is heldto vonstitate aprefirence pay theanraunt he under the ban! era toy laws, ort foray other reason Lenders required tovefaad such payment or rooftoany other ee s ease of Guarantor from any lia Bouwuwerlo Lender shall aot constitute. fonebat it ty ‘Lender ypon deman Gage may be, to the extent of any such paytient or payments, : i Gaaiantoy agreds 16 ay suigh amotint to is Guaranty a whall continue to be offective or shal eo Toinataied, as the 10. AMLpay ents made opon the Obligations at eny tare sball be deemed to. have been arantor that Leader hus been pe thig Guaranty shall notin anywise of subi a Boneweri losis express notlos ia willing is flven to Lender af the Lite ofpayinest by it. The payment by Guarantor of ay amotnr ft Je Garirasionto any tight, ute or. interest (is dion, ox otherwise) In and to any of tie Obligations or any. proceeds therety for Boy senngity or collateral therefor, winless add until the ful aniobitowingto ender i i by Way. on the Obligalions bas been fully id, | but yehon the same has baon fully pald, Guarantor shail be subrogated os to any Bit!eee anal oller dey it o tho rights of Lender ax guarantors OF the Obligutions, meaiaat ‘Borrower and/or any eine: 4 gansties oF il. Giineittor waives marghallltig of sesets and Habilities, sels “4 itr inverse ander of alienation, and all defensds Lottho 20 given to sureties or guarantors at law or in i nlty other thya aotnal indebtednos and pertormanes Oftheactions constiniting th es oligations, inch it pursuant fo Rule 31 of the Toxag Rules of Civil Procedure, Sentions 51,008. 51008 of te Ton as Property Code,nad Chapter 34 of the Toes. insinices end Comingcve te, ‘The faiture by Lender fo file or enfotos a claim af ‘the estate froso8 i ‘or other procesding) of Borraweror any ot { ably persor 1B gal tion oof anyother or others shall ant affect thef analy or scoondarily able iyo sey 12. ‘This Guarant is intended to bo an gbgofate ud unconditional Atante of pemment and not of collection for au shal Ui inure fo the benettt of Lendor and each and eve: ‘other person. yho abel from tims fo time be or become the owner or holder of any of the ‘Od! lige ons, aud sash and syery rolerence freroin fo Lender shall alsa and refer to each and inc} tl REGORRSOL OF assipnes of Lender at any time holding or owning Btiy part of of interest it any part of the -3- RGD L078 aseARSRANUTOALESOONgE org ENBE 600040 12/16/2013 05:19:58 PM 713-755-1451 Page 5/25 ' Obligations. This Guaranty shall be trensferabls by Lender, it beng understood and stipulated that thant theastionment or qansfer by Lender of Eo thus Wanefered or assigned by otherwise by Lendor li its assignment, atthe Pbtentions {orany part therefor iutersa{ Landes)by ageroioe all fu sights granied io ) auch trmnuferee algo, unless vided Lender: this. ‘Gunemly, to the extent of the part of or internat in the Obligations thus assigned or wansferred to did ion The Guarantor express! ‘waives notice of tainster or avslpament of the Obligations, or any part thereof, or of the # of Lender hereunder. + 13 if any of the following events shell oceur or be continuing & Aa event of default ocoure under the tetms of the Obligations and continnes beyond any time provided therein for the oure of such default, Jf Guarantor defmults in the performance of chservaace of any agzecmont, covenant, fmm of condition enstalnad hetsin: © The bankruptcy or insolvency of, the assignment forthe benefit of editors, by, or the appointment of a receiver for any of the property of Guarantor: cc) if Guarantor is an outity, the liqnidation, dissobtdon, merger, or sonsolt etfons of such entity; oF e If au individesl Guarantor dies (in which event this Guaranty shell be binding uy substantl alt of guch estate is belay prior to all sibel such: Gnarantor’s estat legal Fopresentelives and beits) and his estate-or.a ‘he oxecutot or gdainistator thereat Lof the distribiilogs ofsuch nibar oe theren f(b: fly asin lf te hig apn ne ved dv Sorat and subatiince by: Lender) aitheat ) ji omy and severale OF such ne deceased Guarantor’y solehereender, Gl) addiionall Ohigationa, by offact} or. a ed) Nena oneal 8 Gates ‘without any dh sonal,Pine dete,atrmuch dis 's part) ona portion of the nisets of pach asteto. valet (when.adclod to the yalao ofthe sei ty then securing the Ohi gations) led Sppriser approved by Landay at not isn the amountof the Oullatans then by a $203 a. Soest OF dealtundter this Caumory sasl ne accursed,Uj tii he sopimmesoa fem reat or iat, Lender shall give varentor notice ay provided: in the Lettey Apizetaant (" even date, between anil Lendor, and if'such dotinyit ir not onzed Oblgazons shall if El is ah ito cure period, Eenlor mays sige leclare Hie ditions tobe, wadihe on be and bovome Eoulewith dite and payable together with the interest neonaed then eon nndor ho toxins Tat of abd Wilk the: offeot ploy: ided-in, the ‘Gnarly. Upon an commence of on event it and the expirntion © the golice and rnmity t-oure ovoA ‘Lender shall have right of set-off, in-and te and. against the balance of overy deposit account of Guarantorat Lande, now of hereafter existing, and any: other olaim of Guarantor ageinst Lender, now or and all _maney, instruments,Si go0urity, documents, chetiel papors, oveditg, olalins, dotnaneds, err ‘praperty, itaaler ‘the contzol of Lendos of any of ita a uso Snteretis of Guacantor, which at sens hall. aotne into the possess fotSorat or aintBales, Ad, Bxcopt as otherwise provided Leroi i notlces, demands, requests; am porimaoations ceuined or tai od besos al delivery, or i expedited oly cere with: proof ven in wil delivery, fot or Hy Uae ae) mena fates mail, ep EE ropistered deilveitted spall, soften recalpt requested 0or (iv) faosimile (provide il a4 A/24OTHL UO aMARARSRVCONI SOO CRUEL ENBK 000041 12/16/2013 05:19:58 PM 713-755-1451 Page 6 / 25 4 _- thet cach. ficsiinile ix confirmed: by expedited delivery service or by United States mall in the Trapnen i previo degoribod), addressed oy to sneh other ldresa ay such party may paxogerple at Toast 30 days prior to. tie to the addressee ateuch parly's address set furtt: herein, speully by wiltten viotice, sont in aboordance with this date-of the giving of such notios, Avy sugh notieo-or. -eornmunication shall bo med to have boon. tives and received vither af the time. of penal aglivery, ov inthe cage of mail, ae-of 3 lowing deposit in an official depository of the Jnited Stutes mil, or ih the Gase of either delivery seryles, or ficsimile, upou teceipt, To the extent actual receipt 1s requi ired, -agjection or ofher refusal to accept ox the inability to delver because of chatige address of wi is ich no‘notics was wosived shall be deemed to be receipt af the Jiclive, demand, request or other comminnication is. ‘Unless the context oletely indicatis ottiatwise, Guarantor shall morn each guavantor moze thin one, shall be jointand several. Saltnany vee bereonder, or any of them, jfmore thay one. Theo bf tions oF caoh of Gxarantors berenler, if brought against Guarantors, jointly and severally, and alngt aay one or rnors of them, or less than all, without . edring the song of ama gg itney see tit and release any ate Lenderagainet the other gnarantots, Lender’ Ty sotspromise with: anyone ‘Guarintors from all sat Git varanitory ts OF for sach further Habllity to Lander for neo iligations without linpairing the righ of Lender.to demand and collent (he balanos-of the tions froma the other guarantors not so-roleased Charantory that suoh. compromisn and rolease by obligations of Guarantors as among themselves, 16, ‘Noprovision of tein yithin any instrament evidencing any ofthe Obligations shall verbo cousteied to oteuted coutiact by iantor topay, as consideration for the use, forbearance or detention of money, Interest a a rate itr skcesg, iG ana} Wm interest rete peamitted to be i ed by the epplical io laws-of the Stute of Texas or the United States of Amorioa. Guarantor aba neverbe-lial forintetost inexcess of fhe maximum tate that inaylawfuliy be obarged.under the lweofthe Sinte of Lexas or ihe United States of Amezion, and [his provision aliall conteal over any wher provision, of this -Ghotant ‘the More erehy of any other insirwaent. evidencing, related to or goonring the: é iflentions which nmi ‘be i apprent confliotberewith 1 is hereby my ith inter 06 itn} doising ‘euipulaiad @ ‘the usin or ysouring the ot al tend fo bi the intonit ‘both Gnatettor ard Landor te atall a ! other dawe relating to thig Gueranty and tho imstrumonty Obligations, now or hereafter in effect in the State of Texas and the United States of Amordoa, and any sibsoqucnt judicial ivterprofation thereof to the extent that sans are mace applicable thoreto. 17, , Bach Guarantor warrants and p resgnig that ( a any and ali balance shoots,5 aot worth statoments and cthor financial deta whic inve heretofore on given i Lender witir softs foreneh Guarantor fairly and acourately dite hereof and, since’ (he date thereof; te ‘it the finenoiel condidon of such Guarantor 8 ‘hae buen fio material udvetas change Inthe financial oonition there are.no legal proceedings; for. atone dea of such Cuatantor, and (b)-exosnt ag ‘boast out on any bit ulinchedh roto, (1) elaine or dérnands pending apeinst, or to the. kapwiedge ‘against, such Guarantor: or atantors asses, {) such iy pal requirement, OF sun (Qiarantor is not fi materlal breach or material detaalt-af: ay andGil} no event Grek specifically such Guaraitor’s-executton-and delivery of thiy Guaranty) has oceured which, th the Jnnse of time or action by a third party, could result in suoh Guaranitet's material breach orm defanit under ay legal requirement, Is. Guarantor shall fuenish to Lender finsucial iaformalion ae required in the Loa Agreement, including ourront el orts:and atatomonity setting ont in cemgomabls detail Lord finnnolal situation, and containmg snolrlafoiudtion as Lender may. ‘oquest, in adcordaioe wilh gonettlly accepted accounting pra wtloes- ar Sor he BAT OF:IO:Ts aaIMARSHIOOAVER TOOT EA KE ENBK 000042 12/16/2013 05:19:58 PM 713-755-1451 Page 7/25 ’ men aveeptable fo Lender, including, but not [mited to, Jote and accurate financial and cash flow sinfemenie. Assoonasavailable, Guaruitor shall tumnisk Lender with a copy of iis tax retin filed with the Internal Revenue Service, 9.The rights of Lender are cumulative and shall notbe exhausted by its exercise of any of ile rights herounder or oth enw antl eédunless.all Jadebtodness con: the Obligations heye Been inst. Uentantor or by-a ir smnber of successive actions paid, oll other Obligations have been performed, including each of the dbligations of Guarantor hereunder. 20. ‘This Guaranty shall be iraildition to and cumulative off, and not in substitution, novation or ge of any and all prior er contemporaneous guaranty agreements by Guarantor in favorof Lender or assigned to Lendor by others. ‘This Guaranty shall be deemed to have been made under and shall bi 1 verned by 21. the laws of the State of Texac inal respacis and shall not be waived, altexed, modifies oramended ug {0 euy of ifs terme or provisions oxcept in waillay duly signed by Lender and Gantantor. di 22. fepadiog the finanoial condition of Barro wey ‘tin Guarautor.ig familiar vith, aud daa. ia ila dontly reviewed the books and gecords arulia fio iat cwith the vals of anyand all tellateral te ba-oreated as securily fox the payment of the Obligations; however, Guarantor isnot relying on such financial condition or the coila ag an Induoement to enter into this. Guarnaty, Guarantor hereby specifically waives any requirement {hat Lender communicate any fact inight matetially inoresse the risk of Guarantor nd releases Londer fiom any duty to discloge uch facts ecnceming Borrower which-Guarantor may nol have discovered in Ke investigation of rower, Guarantor adiniowledges and agreed thataielther Lender, nor any othot pirty made any representation, warrenty orstatemcntto Guatttor in order to indtiee Guareutot to execute this Caatanty. 23, Guarantor acknowledeos ane aeseng that this Guaranty accurately represent end contains the entire agteeniont botycent amniorand Lender With respect-to the s foot matter hereof, hat Guarantor is not relying, i thy execution of this- ye3h yhYe SUEe BLIC,S TE ORT Lee STATE OF TEXAS COUNTY OF Shuts P $ This instrament was acknowledged before me on thy 2007, by Robert G. Taylor I, Meraber of BLYN I HO tMl e a company, on behalf of said company. SSSR ae eee ss SSeS w et HUOGINS KATHERINE A.‘Sate AL BOBLIC,$ ATE OF C 6 » of Has Wi% i ay Sommen ages 282006 oa 2 es BOSSE S53 a3- SESAO7:8:23 amcHARSRWOZOS WSO lewd CONFIDENTIAL ENBKO62138 12/16/2013 05:19:58 PM 713-755-1451 Page 18/25 STATE OF TEXAS COUNTY OF ‘a :§ & "FMsinskeument was acknowledwed beforeme onthe 4 2007, by Joseph D. MeCord, Member of BLYN I HOLD Nat eyof a as-linited labilit company, on behalf of said company. BP Phe, ze “Se, oy. ws PSST SSSESSSSESSS SSS OGi NOTAI PU CG STATEO gi 6 KATHERINEA. HUDGINS t tloSery Publ, Ste of Taxes i My Conricaon Expes 12422008 i$8 BAS at a -4- 3/15/07:8:21 arnsEARSRWWO2062S007Me,wpd CONFIDENTIAL. ENBKO02139 12/16/2013 05:19:58 PM 713-755-1451 Page 19/25 EXHIBIT "i" RESOLUTIONS “RESOLVED, that James R. McCord, Metiager (the."Execieee ating Officer").of BLYN IL EUOLDING, LLG, a Texes limited dability company (the er "Company")is hereby authorized for-and on behalf of the Company ta (i) borrow from ENCORE BANE. (the "Lender" atiginal loanof $6,000,000.00 (the:"Loan"),:Gi) execute and deliver to the Lender for and on bebalfofthe Company, the promissuzy dotes, loan agreements, preferred ship mortgage, and such other instrunients or written obligations of the Company, ineluding interest rate management agreements in connection with the Loan and. containing sneh terms and conditions as may be acceptable or agreeable to the Fxecuting Officer, and (iH) pay any fees, expenses or other amounts that may become due to Lender in connection, therewith. “FURTHER RESOLVED, that the Executing Officeris hei eby authorized for and on behalt of the Company ic pledge ag see 2 th forthe repayment of <¢ Loaiand any-extensions, rearrangements, or renewals thereof, such agsets of the Compariy as may be agread upon, betwoon the Executing Officer and Lender, *BURTHER RESOLVED, that the Executing Officer is hereby authorized to take such further action and'to do all things that may appear itt his or hér disoretion ta be necessary in connection with renewals, exiensions, rearrangements, retirements, ut coniprdinises of the indebtedness of the Company owing tothe Leader, either directly or ‘by assignment, "FURTHER RESOLVED, that the ender be in these Resolutions or the Regulations ofthe & ‘omptly notified in. writing of any change ‘ompany, and until it bas actually received. such notice in writing, the Lénder is authorized to act in pursuance of these Resolutions. "FURTHER RESOLVED, that the execution by thefeeoting Officer of any doounient authorized by the foregoing Resolutions or any decument excouted. in the aecomplis! ent afany action or actions so authorized, 1s and/or shall becomeupon delivery, ihe enforceable and binditig act and obligation of the Company, without the necessity of the. signature or altéstation. of any other officer ofthe Company of the affixing of the corparate seal: "FURTHER RESOLVED, that all acts, transactions, or agreements undertaken by any of théafficers or tastlers are her - oe yresciitatives of tie Conipany in its name in connection with the foregoing ratified, confirmed, and adopted by the Company, _ ~Se SIISHO7:R:21 ancHARSRWOZ0625007 Ule.wpd CONFIDENTIAL ENBKO02149 12/16/2013 05:19:58 PM 713-755-1451 Page 20/25 NOTICE OF INVALIDITY OF ORAL AGREEMENTS As used in this Notice: “Borrower” means the borrower or borrowers identified below. "Lender" means ENCORE BANE, "Loan" means the loan by Lender which is evidenced by the Promissory Note of even date by Borrower and payable to the order of Lender, inthe original principal herewith, executed amount of $6,000,006.00, “Loan Ay ent" means ome or more. promises, promissory notes, agreements, daderlakings, security agreemeits, deeds of trust or other documents, or commitments, or any combination of those actions.oxs documents, relating to the Loan, "Parties" means each of the undersigned persons or entities, THE WRITTEN LOAN AGREEMENT REPRESENTS THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES. Each of the Parties who signs below acknowledyes, represents, and warrants lo Lender thal Lender has given and such parties have received a copy of this Notice on the date stated below, prior to the execution of any Loan Agreement, “This Notice nay-be-executed in nmalliple counterparts, and each counterpart executed by an shall é deenied an originel and shall be binds ‘pou the person or éntit excouting the sam 2, irrespectiveot whether any other person has exesutad that ot any otlier oor art of this Ni ‘otice. Production of any-counterpart ollier thanthe one to be enfirced shall not be required, Facouted thisagé’ day of March, 2007. BORROWER: LENDER: BLYN HOLDING, LLC ENCORE BANK. By: By, Jaa eCor anager Name: di BAy1O Title:, ET GUARANTORS: Lb ALLEN LAWRENCE BERR’ 3/15/07:8:33 amsELARSRVOO206125007\n0a.wpd CONFIDENTIAL ENBKOO2744 12/16/2013 05:19:58 PM 713-755-1451 Page 21/25 Li» Of, od bo CLG BLA i f ne RO BER A LG.TL. Le Yee (J CCORD -2- 3/15/07:8:33 anr-HARSROIUAASOOT moa wpd CONFIDENTIAL ENRKON24 42 12/16/2013 05:19:58 PM 713-755-1451 Page 22 / 25 cetera ay a aw ie ARBITRATION AGREEMENT This Arbitration Agre t is entered into by and between ENCO, ANKE ("Lender"). BLYN Mf HOLDING, LLC, a Tex imited Liability company ‘Borrdwer"), and ALLEN LAWRENCE BERRY, BLAKE T, LIEDTKE, eRe Gtk . TAYLOR TL, and JOSEPH D. MCCORD (collectively, the "Guarantors"), unt with regard to 2 $6,000,000,00 léan from Lender to Borrower. Tn consideration of the premises and the mui