Alexander M. Moye and Judy H. Moye - Page 10

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                    loan was being made to "Rosewood Kennels, Inc."  Mr. Moye signed                                                                                       
                    a guaranty for JAM Bonding for the $500,000 loan to "Rosewood                                                                                          
                    Kennels, Inc."  Petitioners also signed an SBA compliance                                                                                              
                    agreement in which they agreed not to discriminate on the basis                                                                                        
                    of race, color, religion, sex, or national origin.  It stated                                                                                          
                    that the SBA had approved a loan to Rosewood Kennels, Inc.  The                                                                                        
                    following appeared at the bottom of the form:                                                                                                          
                                                                                Rosewood Kennels, Inc.                                                                     
                                                                                Woodcreek Road                                                                             
                                                                                Williamson, Georgia 30292  227-4083                                                        
                                                                                By Judy H. Moye, President                                                                 
                                                                               Typed Name & Title of Authorized Official                                                  
                    Petitioner signed below her name and title.  Mr. Moye signed                                                                                           
                    above "Signature of Authorized Official".  The form called for a                                                                                       
                    corporate seal, but no seal was affixed to the document.                                                                                               
                              On June 2, 1990, Mr. Moye signed a $500,000 note from                                                                                        
                    Rosewood Kennels, Inc., to United Bank.  Petitioner signed above                                                                                       
                    her name and "President", and Mr. Moye signed above                                                                                                    
                    "secretary/treasurer".  The Rosewood Kennels, Inc., corporate                                                                                          
                    seal was affixed to the note.  They also signed an agreement for                                                                                       
                    Rosewood Kennels, Inc., which granted to United Bank for the                                                                                           
                    $500,000 note a security interest in all equipment, machinery,                                                                                         
                    furniture, fixtures, inventory, raw materials, work in process,                                                                                        

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Last modified: May 25, 2011