HomeMy WebLinkAbout94-06016
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D Dauph!o DeoosIt Bonk
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Suretyehlp Agre.ment
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Th. Undatalgnad. Indl.ldu.lly and JoInlly. h.,ally unconditionally ag'H 10 m.k. p,ompt paym.nt 01 all obllgallon.. In_adn_ and IlabIlltlaa due
D.uphln Dapoalt Bank and T,uel Comp.ny. h.,.ln.".r c.llad "B.nk." 01 .ny kind. wh.lh., now ..I.llng or h.,.."ar analng. due or ""lch m.y
baComa due, ""ath.' by acealar.tlon 0' OIh.rwl... oblOiul. or conllngenk jolnl or ......1. dl,acl or Indlract. _u,ed or un...u,ad
by Howard C. Gala. Jr. and Rita . Gala .
he,.ln.".r c.llad "Bo,rowe'." .11 euch obllg.tlon. baing h...ln.ll., tunh.r daac,lbad .nd collacll..ly callad the "lloblIlIlH," and the UndaralQned
ag'oa(.) to pay .11 ..pan... (Including .1I0rn~ya' .....nd IIga/ ..pan...) paid 0' Incurrad by the B.nk In .nd..vorlng to collecl the Uoblllllaa. 01
any pari Ih.,eol, _har or not bankruptcy hu baan dacl.,ad. .nd In .nlorclng Ihl. Su,llyahlp Ag...m.nt.
Th. Und.roIgnad h.,.by w.I.. .11 nollCH 01 .ny ch.,act.. wh.I...... wllh r..pact to thle Sur.lyehlp AgrHm.nl and the lloblllll... 01 Ih. Borrow-
.,10, which tlla Su,elyshlp Ag'Hm.nl hu baan ....ulad. Including but nOlllmlllld 10 notlc. 01 Ih. acc.pt.nc. ""rool and ,.llanc. h.,eon and no-
11c. of default by Ih. Borr_.
Th. Und.ralgned h.,aIly con..nl to Ih. t.klng 01. or I.llu.. 10 I.k.. from tlm. to lima. wllhout notlc. 10 the Unde..lgnad. .ny acllon 01 any n.lu,.
"".1...... willi _I 10 th. lloblllll.. 01 the Bor,ow.', wllh rHpact 10 any righl' ag.ln.1 any parean 0' paraon.. Including the Bor...- .nd any
01 th. Unde,aignad. In any ptoparty. Including. bul nOlllmltad 10. .ny po'lpon.m.nt.. comp'oml.... Indulg.nc... w.I..... ..t.naIona. ..change..
_. and ..1I,'acllon.. Th. Und.ralgnad uh.1I r.m.ln 'ully lIabl. on thl. Su,.ty.hlp Ag'Hm.nt. notwllh.tandlng .ny 01 th. loragoI"Il.
Thl. Suratyllllp Ag'Hmontlll.llln all '.lpact. ba . conllnulng. oblOlul. .nd uncondltlon.1 on.. .nd eh.1I ..m.ln In tulllorc. .nd _I (noIWIt,,"
.Iandlng wlthoulllmllallon, th. d..th. Incompet.ncy 0' dllllOlullon 01 .ny 01 Ih. Und...lgnad 0' th.t .1 .ny tlm. 0' lrom 11m. 10 11m. alllIobdlll..
may havI bHn paid In rull). This Suretyship Agreement Is subJ.ct fO dlsconlinuance I' to any o. Ih. Undersigned only upon actual ,ee.PI by the
eank of wrlll.n notlc. tram such Und.rslgned, or any person duly aulhorlzed and IIcUng on behlaU or such Undersigned. 01 the dllConllnuanc, "'Ir.
of U 10 IUch Under16gnld: provided, however, lhal no such noUce of dlsconllnuance shall affecl or Impair any of the agr..menfl and obligations of
ouch Unde,a1gnad "".und.. with r..pacl to (.) .ny .nd a1llloblllll.. ..lllIng p,lo, to Ih. tlm. 01 aclu.1 r...lpl 0' luch nollc. by the Bank. (b) .ny
and .lIllabUlIIH C,..lad or ..qulrod th....n.. purluantlo .ny pravloul binding commllm.nlO m.d. by Ih. Bank. (c) any .nd .1I..,anllon. 01
,.newal. 01 any 01 Ih. lo,ogoIng. (d) .ny .nd all Int.rlll on .ny 01 the IorlllOlnll. .nd (.) .ny and all ..pan... paid 0' Incurred by Ih. B.nk In .".
cIa..aring 10 coll..1 .ny olth. IorlllOlng .nd In .nlorelng this Su,.tyshlp Ag,..m.nt .g.lnll such Und.rslgnad. All obllgellon. ollh. Underllgnad
uncia' Ihl. Suratylhlp AIl'Hm.nl Ihall. n_lthet.ndlng .ny .uch nollc. 01 dllConllnuanc., ..m.ln tully In .nlCt until .lIllablllllH nol lubl..1 10 an
."..11.. nollc. 01 dlaconllnu.nc. (Including .ny .".n.lon. 0' r.now.le 01 .ny Ih.'ao~ .nd .11 euch Inl.r.1I .nd ..pan... Ihall h... baan paid In
lull. Any nOllc. 01 dllConllnu.nc. by 0' on b.h.1f of .ny on. 01 Ih. Und.rllgnad sh.1I not .nacl 0' Impal, the obllg.llonl h.'.und.' 01 .ny otho' of
th. Und.rslgned.
Allh. option 01 B.nk. .lIll.billll.. 01 Sorrow", sh.1I become Immadl.t.ly due .nd p.y.bl. by Ih. Und..,lgnad withoul d.m.nd 0' noIlc. In Ih.
av.nl any 01 the Iollowlng sh.1I occur: (.) Borrow.. sh.1I f.1I to mak. .ny p.ym.nl 0' mHt .ny othl! lI.blllty wh.n du.; (b) Bor,ow., 0' Ih. Under.
etGned ..,.11 fail to obHrvl or Ptrform any obligation, term, condlllon or provision of Borrow.r undlr any docum.nt ....Idenclng or Mc:urlng Ihl Ll.
bUIII.I. thl. Su,eIy.hlp Ag'Hm.nl 0' .ny oth., ag'Hmlnl. docum.nl. e.nlllc.'.. Inllrum.n, 01 MCurlty, ,u,.ty.hlp 0' gu",.nty gi.en by Borrow., 10
I.nk; (e) Any ,ap,._I.tlon. w.rr.nty or c.nlllc.l. m.d. or lu,nllhad by Borrow.' 10 S.nk In conn..tlon wllh 'h. llablllll.. or .ny oth., agr...
menl, documlnt certlncatl, Instrument of security, suretyship or guaranty given by Borrower to Sank In connection with the LlabUltl.. or any ot"er
ag,..manl. docum.nl. c.nlllc.'.. In.t,um.nl 01 _urlty. su..tyshlp 0' gu.,.nly gl..n by Sorrow., to B.nk 0' In .ny c.nlllc.I.. IInancl.1 "a1.m.nl
0' lIPer.l. aaaignm.nl mad. th...und.. .h.1I ba m.t..I.lly t.I..; (d) Sorrow., 0' .ny ollh. Und...lgnad sh.1I m.k. .n IUlgnmentlo, Ilia ban.1I1
01 c,adllOrI; (.) P,ocHdlng. In b.nkruplcy 0' 10' 'IOrg.nlz.llon 01 BO'rQw.. 0' .ny 01 Ih. Und....lgnad 0' "" Ih. r.adlullm.nl ol.ny 01 thai' dab..
unde' the B.nkruplcy ACI. .. .m.ndad, Of In .ny pan Ih.rlOl, 0' und.. .ny oth., act 0' I.w. wheth., It.t. 0' lad.,.I. 10' the rall., 01 dabtOf' now
01 h....n.. ..I.llng. sh.1I ba eomM.ncad by 0' ag.lnll Borrow.' 0' Ih. Und.rslgnad; In A r...'.., 01 tru.t.. sh.1I ba .ppoinlad 10' Borrow", 0'
any 01 the Unclarllgnad or 10' .ny subll.nll.' p.n 01 th.l, .....te; 0' .ny p,oc.edlnge or. Inelllulad 10, Ih. dlelOlullon, 0' Ih. lull or partl.' liquid.
lion. 01 Borrower 0' .ny 01 'h. Und.rslgnad; (g) M.t..I.1 adv.... chang.. In the IIn.ncl.1 condlllon 01 the Sorrow., 0' .ny 01 th. Und.,a1gnad; (h) A
d..lh 0' Borrow.. 0' .ny o'th. Und...lgnad 0', II So"'OW" 0' Ih. Und...lgned Is. p.nn...hlp, the de.lh 0' .ny gan.'.1 partn.,; '" (I) Bo,rowe,
c..... doing buslnellll a. . going conc.rn.
.... _u,lty lor Ih. llobllltl.. h.,~und.., the Und.rlignad h...by g,.nte B.nk a s.curlty Inl"." In Ih. Iollowlng:
None
T.lhlr with a right, wltnoul demand or nolle. of any kind, It any tlml and fram tlm. 10 Iim. wh.n any amount shall b. due and payable by the
Undersigned he,eunder Ind In such ord.1' 0' appllcatiol'l IS Ihl Banle may .leel. to set-off against all monl.., deposUs or other pro..rty of .ny kind.
without IimltaUon, owned by the Und.r.igned or In which the Underslgn.d haa a joinl or contingent Int.r"t .nd which are in po.....ion 0' IInle tot
any reallOn whatsoever.
Th. Underlignad furth., ag'H thai, II at any 11m., .ny p.n 01 a,.y p.ym.nt th.'.t~lo.. applied by the B.nk to .'1'/ 01 Ih. ~1.bUltla. I. 0' mu.' b.
returned by Ih. Banle for any r.lson whatsolvlr (Including, w;U'lO~t IImitltion, thl Insotv.ncy, bllnkruplcy or reorganiJallon Of the Borrower), such
llabllltie. .haU, tor the purpoell 0' thlll Suretyship Agre.m.nt. to the .xt.nt r.hll' such paym.nt is or mult bl rescinded or rltur...., be dHmtd to
hav. continued In 1.I.tlnCI. notwlthlt.ndlng SuCh application by the Sank, and thiS Surtryship Agr.lm.nl shall continue to be .ffecliv. or ltIy reio-
.,.tad, II 'h. cue m.y b. II to ouch LI.blllll.S, an aa though suc~ .ppllc.tion by Ih. B.nk h.d nol ba.n m.d..
Th. aan.. ;nay, from time to time, wh.ther before or aft.r any dlscontlnuanc' of thl. Suretyshjp Agreem.nt, at its tol. dlscrltlon and wlthOUI Me>
riel 10 1hl UnderSigned (Qr Iny o. th.m~, takl any 01' all o' the following acllons: (a, retain or obtain a security Inllrl.' in any proper1y to StCur. Iny
01 Ih. lIatlilUIII or any obligation h.reundlr: (b) r.taln or oblaln th. primary or secondary obligallon of any OOllgol! Qr obligors in addition to 11'l4 Un-
d.rll;ned, wllh r.spect 10 any 01 U'Ie LiaCIIU:.tt; {cl .ltt.nd or ren.w lor MI or more periods (wh.ther or not longer than the original ,",'loci), Iltlr or
exchange any o' the LiIlPJUltll', or rel.a'l or compromi'l anV obllgalion of any of Ih. Und.rsignld her.under or any obliQlllon of IIny ""lure a' .ny
other Obligor wllh re.pect to Iny of Ihe Liltltlltl.,; (d) r"ea" ils s.curlly interesf in, or surr"'1d.l', "I.... or !)trmlt "''1' sutlttltutlon 0' .xcha"v- tor,
a1J o. any part 01. any property securIng any of Ih. LlaC1Utll' or any obllgathiM n.,el,jnder. or ..flnd or r,n,w for one or mor, periods (whetl'l.. 01'
MAl lonQl" thin tn. orlglna' perfod) or rellaM, Cl')mpromllSt, alt.r or IxC/"Iang. any ObligatIons of any nalure of any obllgo. with '..peet to any such
property; and (I) rllOrt to U'I' Und.rslgned (or anV of thlm, 'or plymlnt of any 0# Ihe L.iabilltles, whetl'l." or not the Sink s",.1I "'v, resorted to any
IDrOflrty securing arl." of thl Llatulllll. kll' pilym.nl of any of the lllbllllltt, or Iny obllgallon hereunder or Shllll'\elll proceeded agalnsl al'y Olh,r ~
Ih. Ur,der1lgned or any at"', obUgor prlmarll~ or secondarily obllgat.d With rl'plCl to II'lY of Ih. I..latullli'tt
Any Imoul'lIS rec.ived by tl'll E1ank 'rom whatsoever sour.:. on accounl 0# th. L,illbilllill may tI. applied by Bank toward I", paymlnt o. such, a.
Ih. lllbilltll. and In such ord.r 0' appUcatlon, I' 'hi Slink may 'rom lime to rime 'hter: Ind, nOlwllhllfllndlng Iny paym.nts midi by or for tl'le ie.
CQunt of Ihe Ul'Idlrslgntd pursuilnl- to Ihlll Sur.~shlp Agrllm.nt-. 1h. Und.rsll;"ed shlU nol be subrogated to Iny righll 0' the lank ul'ltll' S~Ch rim.
., this Surery,I'Up Agre.m.nt thall hav. blln dhscontlnutd as to ail 0' Ii'll Und.rslgned and Ih. Sanle ''''all 1"1..." received ~.ym.n~ 0'- I"'e Pull
amount o' III !.Iabllltl.s and of all obllgarlon' o. thl Under,lgn.d l'I.r.undll' 'Th. Slink shall not> I). Obligated under lIn~ tl"llOry of la. r'I_llng to t".
m."s"'.lIInQ 0' ".'JIm.."t r.c.ived 01' 'ICUrl~ Inl.retl. granftO undel' 'hi ferms of fI"us Sur.fythlp Agre.ment
TN ....k ...y, from d... 10 dm.. wheth.. Ilefore 01 .ft., .ny dllConllnu.nc. 01 Ihl. Su,tly.hlp Ag,..m.nl. wllhoul notlc. to Ih. Und.,lIgned (01
lIlY Of l/IetII), IMIgn 0I11en11er lilY 01111 oIlh. Lllblllll.. Of ony Inl.,..llh.,.ln; Ind. notWllhatlndlng lilY ouch IIIIgnm.nl 01 "on.r., 01 ony .ub-
MCI......lllignment 011,,""" lhereof. ouch Lllblllll.. o/I1Il11le ond '....Iln Lllblllll.. fo, Ih. purpooe 01 thl. Su'tlyo/llp Ag,..m.nllnd .och Ind
~ Immedlele ond .uccllllv. IIIIgn.. 01 t,on.'"" 01 .ny 01 the Ulblllll.. or 0' ony Inl.,..llh.,.ln .h.lI. to Ih. ..I.nl ollh. Inl.,.1I 01 .uch
_111I'" 01 ~_..... In tile UlblIIII... Ile enlllled to Ih. ...n.nll 0' thl. Su,tlyI/Ilp Agr..m.nllo Ih. oam. ..t.nl II II .uch IIIIgnee 01 "an."'"
__tile ....k; provtded. howver. Ih.l. unl... Ih. B.nk 0/1.11 oth.rwl.. conunlln wrlllng. lh. Bonk oftlll h.v. on unlmpel,ed rlghl prIo, ond .....
pertor 10 llIII Of any ouc:Il UIignM 01 t,on.'"". 10 .n""ce Ihll Su,tlyohlp Agr..m.nl 101 Ih. Ilen.1I1 ollh. Bonk. II 10 thole 01 lhe UabllIlI..
wIllcft tile ....k hu noI MIignId 01 lIen.,..reel.
No modillcllllon 01 _ 01 lilY 01 Ih. provlllon. 0' thll Surelyoftlp Agr..m.nloftlll Ile binding upon Ih. Bonk ..cep! .. ..p,HIIy ..I foIIh In I
writing duly oigned by ..." 01 tile Und.ralgned Ind Ih. B.nk. No "'Ion oIlhe Bank permlned he,.under oftallln ony ...y ellecl OIlmplll, Ih. rlghll
01 .... Banll ond .... obIiglllon 01 11I1 Undl,oIgned und.. Ihl. Su,.Iy.hlp Ag,..m.nt FOIlhe PU'POUI 01 thl. Surelylhlp Ag'.....nl. UabllIll.. oftall
Include 11II obllgllto... OIlhe 101,_ 10 tile Bank. notWllhlllnding Iny ,Ighl 01 _I' ollh. Borrow.. 01 onyon. .1.. 10 _ ony claim 01
deNnM u 10 .... Invalldlly 01 u...n""clllllllly of ony ouch obllglllon .nd no .uch clllm 01 d,'.n.. oftlll Iflecl 01 Impol' Ih. obIig1llone 0111I. U"..
defligllId hMu.....
TN UIbIIlIy 01 .... U__for LI.IbIII~"-oIBor_ Incurred on 0' pnOlIO lh. dll. hereo' 011111 not ..cMd. II onr II.... lhe Illll'egall
pnnc~g'oI Oft. Hun~.n~~hr.. Thou.and. Two Hunrtrad ~fv Slntf &'Q/.~nn n"'}.r.
(, In ,lU . Ii 9 I. plu, Inl..... .. IlIled In Ih. evld.nc. 01 I_ledn.u given by Borrower to Bank ond nllMn percent
(16'"" 1IIOrnIyI' commlUiOn; provided IhaI thll Su,tly.hlp Ag,..m.nl "".lIlleo b. appIlclbl. to Ind ,'lInd to any Ind all UIbIlIII... pl... In_
ond -. II aforwaId. 01 ~ 1II00ng 1ft.. Ih. dI.. h..eo' "In IIlh. lotal 01 luch Ulblllll.1 plu. Ih. UIbIllII.1 oullllndlng on 01 pnOl to Ih.
dIte herIOIlllCMd .... _1Ioned egg.... pnnclpel lmount If no IImlllllon IlInUrled in Ihll perlll,aph. lIlIf. II no IImlllo lhe lIab1llly of tile
UndMIgned 10 the Bank.
TN CI'NIion 01 ~ from II.... to II.... of Ulblllll.. In ...... 0' Iny amounl 10 which Ih. rlghl 01 recov.ry unde, Ihll Su'tlyoftlp Ag,......nl
II MmIIed IIIIerWy 1UI/lorIzad. wilhoul notice 10 .... Und.raIgned (01 any ollhem). ond .hlll In no wlY Ifleel 0' Impel' tile rlgIllI 01 IIle link ond
.... oll4laaIlon Of .... Undefolgnad undlt Ihll Surely.nlp Ag,..m.nl.
TN UIldIraIgned. Individually ond jolnlly. do he,eby lulhorlzelnd .m_ enY prothonotary 0' cl..k 01 Ino,ney 01 ony court 0' rlCOld 01 Pen"..
Iytvonie 01 ..-e, to _ for Ind conI... judg....nl agalnat Iny 0' III oIlh. Und..oIgned Ind In I.vo, 01 Blnk "" Ih. lotll Ilablllly ollhe U"..
deraIgMd II... ""'" hereln.het willlln..r... lhe,eon. wllh 01 wllhoul decl..lllon. willi co.t. 01 lUll. re'._ 01 ..rorl. wlllloul ...y 01 ..ecu!lon
ond _ nllMn percenl (15"') lot collection fell. end w.lv. the ,Ighl 01 Inqultltlon, .nd Ih. ......111 0' III ...mpllon I.... now 01 herein.ft.. en....
ed. ond Ill'" 10 _Ion ond lhe uJe 0' r... ...... 0' pel10nal property. or . wrll 01 ....ullon.
In .... _ .... Bank ocqui... ony ptoperty _urlng Ihl. SU'Ilyo/llp Ag,..m.nl .ft" . ""..loIu.. Ill. .. to rMI property 01 I public .uCllon
.... II to _I -"Y. the Underolgned III'HI 10 Ind.mnlfy Ind hold the B.nk h.rml... Irom .ny 1011. COil.. 0' ..pen.. which the B.nk
...y -.In II . '""" of: (II .....ng lhe r... or peroonel prOplrly 10 ocqul,ed fo, I'u thon the lotal .um. owed by Ih. Borrowe, to IIle Bank.
provided. _If, Ihll any ouch III. by lhe B.nk II don. In . comm"cl.11y ..uonlbl. m.nn" or (bl Iny IClion brought .Inll Ih. Bank under
t&4I OIl644(b) oIlhe United Sill.. "nkfllptCy Ced., .. .....nded. on Ih. ground Ih.t the con.ld"llIon pold by the Ilenk fo, the ..Ill 0' pel_II
PfllPIrIy WII not "Ill' lIqulvllenl vllu.," within lhe conl....pI.llon 0' I644(b) 0' Ih. United Sill.. B.onkfllplCy Code. II omended, 01 illY appIlcabl.
..... frlUdul,"1 convey..... oct.
TN UIldIraIgned wllv. IIId _ tile Bank from Iny d...._ which Ih. Und..llgned m.y Incur II . r..~1I 01 ony In..nllonal 01 unln..nllonal
OII11g1IgenIOCIIon OIl_lion 01 tile Bonk Impolrlng. dlmlnl.hlng, 0' d..lroylng Iny 01 Ih. Und.,lIgned'. ,ighl. 01 .ub'Olllllon WhiCh Ih. Unde,.
IiOned m.y hev. upon peymenl 0' eny 0' Ih. Borrow,,'. obllll'lIon..
The UIIderaIgned IIerWy .... 11I11 lhl. Su'tlyoftlp Ag,......nl .h.1I apply 10 ony obllll'llon which the Bank m.y Incu' .. the r..ulI 01 eny pey.
",,"110 ....k by 01 on 1leII1l' 0' Ih. Borrow.. which I. d....mlnld to Ile . pr,'...n.. llIym.1I1 b.n.nllng Ih. und.rolgned.
If . p/loIoItetIC copy """"oft.1I he.. bMn IIIed In ony 01 uld procMdlnQI. Iloft.1I nol Ile n...1IIIy 10 III. Ih. OIIg1nll II . w....nl 01 .no,ney.
The foregoing w."anl end _ 10 -.on_ Judgm.nl 0II1Il1 not Ile d..med to h.v. been ..h.UIIed by eny oIngl. ""01.. Ih"eo'. wh..h.. 01 nol
any IUC~ .....1.. oftllllle htIcl by enY court 10 Ile Inv.lld. voIdlbl. 01 void. bul m.y Ile ....cIUd ',om tlm. 10 11m.. II oft.n II lh. Bank .hlll
elect. unIIlllllUm. pey_ OIlhel m.y ...._ peyabl. by uch ollh. Underllgned hev. been pIid In lull.
A IUbHq...... gu..only OIlUrelyl/llp by lh. Unde,oIgned 0' .ny olh" gu"onlo, 0' IUrely ollh. Borrow.... LIIbIllII.. glv.n 10 the B.nk oft.1 no.
... dMmed 10 ... In lieu 01 Of to IUper_ 0' t..mln... Ihl. Su'tlyolllp AIlIHm.nr but oftall Ile con.trued 10 Ile Idc:tlllonal 01 .upplem.nlary un_
OIft-.. ..~ provided Ih..eln; Ind In In. ...nllh. Und"lIgned 01 .ny oth.r gu.,.ntor 0' IUrlly hll glv.n to Ih. lonk . p,evlOU. gu..enly
01 Surtlylhlp Aw"",.nl. Ihl. Suttlyl/llp Ag,..m.nl oftlll ... con.trued to ... oddlllonll 0' IUppl.m.nl.ry. .nd not to ... In III1U Ih"eol 0' to I".
m1..... ouch pr_ Su,lIyIIIlp Agr..",."I. vu...nly 0' gu"enll.. unl.u ..pr_ly 10 p,ovlded h..eln
TlIII 8u,llyoftlp Aw..menloft.1l1le binding upon the Und..oIgned. .nd upon the hel... leg.1 ..prlunt.tlv... 'UCcellO'. .nd _Ign. 0' Ih. Un.
dIraIgned. end 10 .... ..tenl th.1 the bor_ 0' ony ollhe Undlrllgned I. ellh.. . portn...hlp or . cOlpor.lion. .11 ,Ife..nc.. herein to lh. bo,.
rowe, end to Ih. Undlrtlgnld, r_tlv"'y. .h.1l1le d..med 10 Includ. .ny oucc..oor 0' sUC".OO'". whllh.. immedlll. 01 ..mot.. to ouch
ptlfnerlhlp 01 corporlllon. II more Ihon on. IlIrty ShIll ..ecu" t~i. SU"lyolllp Ag...m.nl. the l..m "Und..slgned" "' uUd ~.reln Ih.1I ....on III
perIJ.. ....ullng Ih. Surllylhlp Ag,..m.nl Ind .ICh 01 th.m, Ind all such IlIrtl.. .h.1l1le JOinliy Ind s"""lIy obllll'led h...under.
Thil Surllythlp AWHmlnl shall be conltrued In accordanc. with and governed bV thl lawI 0' the :3llt. of P.nn.yl.....ni.. Whlr.ver possible tach
proviolon Of INt Surtlyllllp Agreemenl .halllle Inl_.led In luch m.nn.. II to Ile .fleellv. and vllld unde, appIlclbl. Ilw bul II Iny provl.1on 01
Ihl. Surllylhlp Agr_1 "'Ill Ile prohibited by 0110..114 under .uch I.w, .uch p,ovlolon ShIll be In.flecllv. 10 th. ....nl 01 such p,ohlblllon 0' I"..
vllldlly. willloullo.llldlling Ih. ..malnd" 0' such provillon or Ih. ..mllnlng p,ovl.lon. ., thl. Surely.nlp AgrHm.n!.
INTINDING TO BE LEGALLY BOUND HEREBY, Ih. Und..llgned n.v. Hlln.l, ...pocliv. hInds Ind Hals the dlY and y.1I nrll.-. wrln.n.
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