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April 2022 - Guarantee v2
April 2022 - Guarantee v2
April 2022 - Guarantee v2
This guarantee ("Guarantee"), dated as of April [__], 2022, is made by DaGrosa Capital
Partners LLC a limited liability company organized and existing under the laws of the State of
Florida with its principal place of business located at 2333 Ponce de Leon, Suite 630, Coral
Gables, Florida, 33134 ("Guarantor"), in favor and for the benefit of [Investor], [type of
entity] with a business address located at [_____________________]("Debenture Holder").
Reference is made to the senior secured debenture dated as of April [__] (the "Underlying
Agreement"), by and between ISG World LLC, a limited liability company organized and
existing under the laws of the State of Florida ("Obligor"), and Debenture Holder. In
consideration of the substantial direct and indirect benefits derived by Guarantor from the
transactions under the Underlying Agreement, and to induce Debenture Holder to enter into the
Underlying Agreement, Guarantor, hereby agrees as follows:
Notwithstanding the foregoing, the total liability of Guarantor under this Guarantee shall be
limited to an aggregate amount of [_______] dollars ([$________]) plus the foregoing expenses
and costs of enforcing this Guarantee.
(b) Any change in the time, place or manner of payment or performance of, or
in any other term of the Obligations, or any rescission, waiver, release, assignment,
amendment or other modification of the Underlying Agreement.
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(c) Any taking, exchange, substitution, release, impairment, amendment,
waiver, modification or non-perfection of any collateral or any other Guarantee for the
Obligations, or any manner of sale, disposition or application of proceeds of any
collateral or other assets to all or part of the Obligations.
(f) The failure of any other guarantor or third party to execute or deliver this
Guarantee or any other Guarantee or agreement, or the release or reduction of liability of
Guarantor or any other guarantor or surety with respect to the Obligations.
4. Subrogation. Guarantor waives and shall not exercise any rights that it may acquire
by way of subrogation, contribution, reimbursement or indemnification for payments made under
this Guarantee until all Obligations shall have been indefeasibly paid and discharged in full.
If to the Guarantor:
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Coral Gables, FL 33134
Attention: Joseph E. DaGrosa, Jr.
[______________]
[_______________________]
[____________], [_______] [_____]
Attention: [_____________]
The Company or the Debenture Holder, as the case may be, may from time to time notify the
other in accordance with the provisions hereof, of any change of address which thereafter, until
changed by like notice, shall be its address for all purposes of this Agreement. In the event of
actual or threatened postal interruption, notice shall be made by delivery or telecopy.
7. Assignment. This Guarantee shall be binding upon and inure to the benefit of the
parties hereto and their respective successors and assigns; provided, however, that Guarantor
may not, without the prior written consent of Debenture Holder, assign any of its rights, powers
or obligations hereunder. Any attempted assignment in violation of this section shall be null and
void.
10. Cumulative Rights. Each right, remedy and power hereby granted to Debenture
Holder or allowed it by applicable law or other agreement shall be cumulative and not exclusive
of any other, and may be exercised by Debenture Holder at any time or from time to time.
11. Severability. If any provision of this Guarantee is to any extent determined by final
decision of a court of competent jurisdiction to be unenforceable, the remainder of this
Guarantee shall not be affected thereby, and each provision of this Guarantee shall be valid and
enforceable to the fullest extent permitted by law.
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12. Entire Agreement; Amendments; Headings; Effectiveness. This Guarantee
constitutes the sole and entire agreement of Guarantor and Debenture Holder with respect to the
subject matter hereof and supersedes all previous agreements or understandings, oral or written,
with respect to such subject matter. No amendment or waiver of any provision of this Guarantee
shall be valid and binding unless it is in writing and signed, in the case of an amendment, by both
parties, or in the case of a waiver, by the party against which the waiver is to be effective.
Section headings are for convenience of reference only and shall not define, modify, expand or
limit any of the terms of this Guarantee. Delivery of this Guarantee by facsimile or in electronic
(i.e., pdf or tif) format shall be effective as delivery of a manually executed original of this
Guarantee.
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IN WITNESS WHEREOF, Guarantor has executed this Guarantee as of the day and year first
above written.
GUARANTOR:
By
Title: Chairman
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