EX-10.3
PARKS AMERICA, INC
GUARANTY
(Payment and Performance)
THIS GUARANTY (this “Guaranty”) is executed effective as of June 17, 2026, by PARKS! AMERICA, INC., a Nevada corporation (“Guarantor”), for the benefit of CENDERA BANK, a Texas state bank, successor to Cendera Bank, N.A., a national association (together with its successors and assigns, “Lender”).
RECITALS:
WHEREAS, pursuant to that certain Amended and Restated Promissory Note, dated of even date herewith, executed by AGGIELAND-PARKS, INC., a Texas corporation (“Borrower”) and payable to the order of Lender in the original stated principal amount of TWO MILLION THREE HUNDRED THIRTY THOUSAND NINE HUNDRED THIRTY-THREE AND 25/100 DOLLARS ($2,330,33.25) (together with all renewals, modifications, increases and extensions thereof, the “Note”), Borrower has become indebted and may from time to time be further indebted, to Lender with respect to a loan (the “Loan”) which is made pursuant to that certain Loan Agreement, dated September 30, 2024, between Borrower and Lender (as the same may be amended, restated,
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