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EXHIBIT
10(n)
GUARANTY
Effective this 17 th day of October,
2007 (“ Effective Date ”), the undersigned
(“ Guarantor ”) hereby unconditionally and
irrevocably guarantees the full and punctual payment and
performance of all obligations of Legacy Marketing Group, Inc. (
“LMG” ) under the Asset Purchase Agreement
between LMG and Transaction Applications Group, Inc. (
“TAG” ) dated the date hereof (the
“Agreement” ) and each of the other “LMG
Documents” identified in the Agreement. Upon failure by LMG
to pay or perform punctually any such obligation, Guarantor shall
forthwith on demand pay or perform the obligation in the manner
specified in the Agreement. This Guaranty is a guaranty of
performance and payment and not of collection, and TAG shall not be
required to exhaust any right or remedy or take any action against
LMG or any other person or entity before enforcing this
Guaranty.
The obligations of Guarantor hereunder shall be
unconditional and absolute and, without limiting the generality of
the foregoing, shall not be released, discharged or otherwise
affected by: (a) any compromise, waiver or release in respect
of any obligation of LMG; (b) any modification, restatement or
waiver of any LMG Document or the schedules, exhibits and other
documents related hereto; (c) any insolvency, bankruptcy,
reorganization or other similar proceeding affecting LMG or its
assets or any resulting release or discharge of any obligation of
LMG; (d) the existence of any claim, set-off or other rights which
Guarantor m
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