Exhibit 10.3
GUARANTY
WHEREAS, The RHL Group, Inc., a California corporation ("RHL
Group") has agreed to lend certain funds to MyMedicalRecords, Inc.,
a Delaware corporation (formerly mymedicalrecords.com, Inc.)
("MMR");
WHEREAS , MMR is the wholly owned subsidiary of MMR
Information Systems, Inc., a Delaware corporation (formerly
Favrille, Inc.) ("Parent" or "Guarantor"); and
WHEREAS , Parent desires to induce the RHL Group to so enter
into the Agreement to lend certain funds to MMR;
The Parties agree as follows:
(1) For valuable
consideration, the Guarantor unconditionally guarantees and
promises to pay to RHL Group, or at its order, in lawful money of
the United States, an amount equal to any and all sums that are, or
will be, due and owing under that certain Third Amended and
Restated Secured Promissory Note (the "Third Note") dated on or
about April 29, 2009.
(2) The liability of
Guarantor under this Guaranty shall not exceed at any one time, the
sum of: (a) the amount due under the Third Note; and (b) all
interest, fees, and other costs and expenses relating to or arising
out of the Third Note. This is a continuing guaranty relating to
any indebtedness, including that arising under successive
transactions which shall either continue the indebtedness or from
time to time renew it after it has been satisfied. Any payment by
Guarantor shall not reduce its maximum obligation hereunder.
(3) Guarantor authorizes
RHL Group, without notice or demand and without affecting its
liability hereunder, from time to time, either before or after
revocation hereof, to: (a) renew, compromise, extend, accelerate,
or otherwise change the time for payment of, or otherwise change
the terms of the indebtedness or any part thereof, including
increase or decrease of the rate of interest thereon; (b) receive
and hold security for the payment of this Guaranty or any of the
indebtedness, and exch
