Loan Agreement With Elbow Grease Distillery - 2808 Words

LOAN AGREEMENT WITH ELBOW GREASE DISTILLERY THIS LOAN AGREEMENT (the â€Å"Agreement†), dated as of this 22nd day of October is made between Elbow Grease Distillery LLC (the â€Å"Borrower†) with an address at 335 N. Starr Rd. Apache Junction, AZ, 85129, and Chadwick I. Trotter (â€Å"Guarantor†), of same address, and Important Group INC. (the â€Å"Lender†), with an address at 100 N. Central Ave., Phoenix, AZ, 85006. PRELIMINARY STATEMENT The Borrower and the Lender are, in good faith, entering into this Agreement and a contemporaneous Security Agreement, dated as above. The Debtors are entering into this Loan Agreement for the sum of $1,500,000.00 to be rendered by the Lender in the form a cashier’s check at the time of signing. The loan is compelled by the ample consideration provided in the corresponding Security Agreement. Both of these Agreements may be modified, amended, or supplemented from time to time throughout the natural course of the Agreements. SECTION 1: DEFINITIONS 1.01 Definitions: Terms defined in the Uniform Commercial Code or under Arizona State Law which are not defined here in this Security Agreement are used as defined in U.C.C. (2012) or the corresponding provision of the state law of Arizona. Where there is a conflict between the U.C.C. and State Law, Arizona State Law as enacted at the time of this agreement shall be used to ascertain definitions. 1.02 Definitions from the Security Agreement: (1) â€Å"Event of Default† means any of the Events of Default set forth in

Human cloning what are the ethics, applications and...

Mankind has always tried to extend his knowledge about the properties of every living thing; it is an integral part of human nature. What is also important about it is that there is constant disagreement in new views between scientists and society. One such problem is the question of human cloning. Firstly, the term â€Å"cloning† must be defined: â€Å"Cloning is the production of an exact genetic duplicate of a living organism or cell† (Baird 2002, 20). This procedure not only led to producing a sheep, Dolly, but it can also have other very useful applications. Using different methods of cloning is expected to change radically the process of organ transplantation and it is a way of finding appropriate treatments of diseases. As a result of this†¦show more content†¦The poster Cloning or asexual reproduction (Baird 2002, 20) is a visual demonstration of the reproductive cloning procedure: the nucleus of a cell from body tissue (muscle, hair, skin) is substitu ted for the original nucleus and â€Å"that results in a clonal zygote†. The next step is to obtain a clonal embryo in special conditions that will be placed into a woman’s womb and will grow into a human baby (Baird 2002, 20). In theory this method is quite easy to implement, however, it has not found a wide acceptance among people. The following United Nations’ resolution also rejects it: â€Å"Recalling the Universal Declaration on The Human Genome and Human Rights, adopted by the General Conference of the United Nations Educational, Scientific and Cultural Organization on 11 November 1997, and in particular article 11 thereof, which states that practices, which are contrary to human dignity, such as reproductive cloning of human beings, shall not be permitted† (2005 ). The theme of reproductive cloning is rather multifaceted: though it is banned all over the world, scientists are still thinking whether it is â€Å"ethically justifiable† (Stron g 2005, 46). Considered objections on human reproductive cloning can be divided into three categories, which are submitted below. The first category consists of problems towards child’s attitude to self-determination. Cloned offspring will be expected toShow MoreRelatedGenetic Engineering Research Paper1341 Words   |  6 Pagesvectors†(Randerson, 2001). 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Ryanair Pestel Free Essays

Complete a PEST(EL) analysis as preparation for a scenario planning exercise next week. POLITICAL: †¢Due to severe security measures, they had to cancel 279 flights and refunded 2. 7mâ‚ ¬. We will write a custom essay sample on Ryanair Pestel or any similar topic only for you Order Now A loss of 1. 9mâ‚ ¬ in reduced bookings †¢Aer Lingus was fundamentally opposed to a merger with Ryanair, even if it raises its price †¢12. 6 % of the shareholding controlled by Aer Lingus, whose members rejected the offer by a 97% majority vote †¢Opposed to the BAA airport monopoly plans to build a 4bn gold plated Taj Mahal at Stansted SOCIAL: †¢Europe’s leading budget airline August 2006, Air Transport World magazine- most profitable airline in the world †¢72% negative response from a poll of readers of the Financial Times for one of its initiatives †¢In 2006, its employees count by more than 700, to 3. 500 people, comprising over 25 different nationalities †¢In 2006, it was voted the world’s least favourite airline because of the unfriendly staff, delays and poor legroom †¢The airline formerly refused to provide accommodation or meal vouchers when flights were cancelled or delayed, until it became illegal to do so in 2005 ENVIRONMENTAL: †¢Deploying more efficient aircraft that use less fuel and produce less pollution †¢Concerns about greenhouse gases from carbon emissions †¢Replace its fleet of old aircraft with new, more environmentally-friendly aircraft, reducing the average age of its fleet to 2. 4 years †¢New aircraft produced 50% less emissions, 45% less fuel burn and 45% lower noise emissions per sea ECONOMIC: Its average paid was 49612â‚ ¬, a higher figure than any other major European airline †¢August 2006, Air Transport World magazine- most profitable airline in the world †¢Cost-cutting/yield-enhancing measures for passenger check-in and luggage handling could save more than 1â‚ ¬ per passenger †¢Web based check-in and priority boarding, save costs on check-in staff and airport facilities, as well as time †¢By tailoring rosters, they maximised productivity and time off for crew members TECHNOLOGICAL: †¢Web based check-in and priority boarding †¢Fleet of over 100 new Boeing 737-800 aircraft and firm orders for a further 138 new aircraft to be delivered over the next six years †¢Stronger passenger safety: body searched, banned from carrying liquids and gels in their carry-on luggage LEGAL: †¢Complying with EU regulations which impose a ceiling on pilot flying hours to prevent dangerous fatigue †¢In litigation with various airport over landing charges Accused it of misleading passengers on its website by exaggerating the prices of its competitors in making comparisons †¢Following flight cancellations due to increase in security measures, they decided to file two legal cases against UK government †¢In 2005, new legislation that offered compensation cost to passengers affected by delays, cancellations or denied boarding How to cite Ryanair Pestel, Papers

The Development of a New Transformational Leadership

Question: Discuss on Analysis of effective leadership, Effective leadership theory, Analysis of Leadership in terms of leadership approach, My leadership Abilities? Answer: Introduction Ann Fudge the CEO of Brand Young Rubicam says that we all have the inspiration of leadership inside ourselves, it may be business leadership, governmental leadership or any kind of nonprofit volunteering. Only the challenge is to understand ourselves that where we can utilize our leadership aids serve the organization. Management is the ability of doing the thing right while leadership is to do right things. An honest leader is not a seeker of promise but a maker of promises. An effective leader should have self-awareness, perspectives of internalized morals, quality of balancing the processes and transparency in relations. I am going to explain my leadership abilities, behaviors and beliefs through this paper in terms of morals and values. I have studied the leadership qualities of the famous leader Dr. Martin Luther King during last assessment classes and come to the outcome that I also have the qualities of a leader. I have compared my qualities and abilities of leadership with m y ideal leader across this paper. Analysis of effective leadership Effective leadership is the essential of the success of any organization. Leadership and management are interrelated to each other and are difficult to separate both of these concepts. The quality of leadership contains these features: Decision making: Decision making includes a creative vision, to establish group goals, to develop and decided the competitive strategies for planning the operations and resources. I have analyzed that I can manage group discussion and make decisions on the critical issues effectively and efficiently. In group activities I had given effective decisions many times which were accepted by all the team members (Kent, T.W., 2001). Goal Attainment: Attainment of goal involves guiding the actions of group members towards the goal of the group. This function involves two different and important activities such as developing the skills of the members of the team and providing motivation to the members for their directing behaviors and their eliciting behaviors. I have the qualities to motivate the team members towards their aim. I had done many academic projects in a team and motivated my teammates towards the competition of the project. Management of work: Leadership and management correlated to each other, effective leadership involves the coordination between the team members for management of the task, if there will be an effective leadership it will be easy to management any task in proper manner. Integration: Integration involves acceptable coordination of the efforts of group members. For effective coordination group members should be motivated towards the work. I many group activities of my college I have motivated my batch mates to participate in those activities (Joseph, E.E., 2005). Effective leadership theory The notion of leadership has changed our idea and understandings of leadership and the effects of leadership on individual and company. In past decades model of leadership focused on the characteristics and behaviors of a leader where leaders were not required to know all the answers and were not more responsible for problem solving but now the scenario has been changed. Leaders are more responsible towards their responsibilities to answer about the problems as well as to answer all the raised questions. Modern perception of leadership is strict decisionmaking abilities and converting followers into leaders and providing motivational and decent promotion of followers. Leadership can be considered as Transactional and Transformational. Generally the approach of transactional theory moves towards the instrumental source of motivation, whereas the approach of transformational theory moves towards other four sources of motivation. Both of these approaches are pure and separate no one is related to other (Burns, J.M, 1978). A successful leader uses different approaches towards the success of his work and not bounded to single approach. Leaders use both of these approaches in their range and transformational styles. Transformational leadership is an approach that reasons variations in individual and corporate systems. Positive and valuable changes are obtained by applying these approaches. Transformational leadership involves the motivation of determination and concerts of the followers through various mechanisms. It connects the sense of follower to identify the mission and communal character of the group or organization, inspire them and follows the challenges. It understands the strength and weakness of the members try to inspire them. A leader can line up the followers with their work and optimize their performance. Transactional leadership theory is the approach in which a relation of exchange means the followers need any reward exchange in the desire of the work. Such as the employee needs increment in salary, leaders freely allocate the rewards to the employee according to his performance. In transactional leadership the employees have more trust on the leader in comparison to the objective assessments of performance. There is a transparency between the work-done and its reward so it motivates the employees more. Bass has said that Transactional leaders work according to the culture of organization whereas transformational workers change the culture of the organization (Nye, J.S., 2006). In transactional approach leaders make a link between the efforts and their reward whereas in case of transformational theory leaders arises the emotions of employees towards the organization. Main aim of the leader is to deal with the present issues but a transformational approach gives the new expectations to the followers. Motivation is provided to the workers by setting the goals and promising them to rewards for achieving that goal on the other side learning opportunities are created for the followers and stimulated them to solve the challenges. A good leader uses both of these theories according to the requirement of the organizational growth. I have the abilities to convince people for performing any work. I will provide the followers benefits for making good relationship with them (Alimo-Metcalfe, 2001). Analysis of Leadership in terms of leadership approach Leadership quality can be explored in terms of ethics, values and behaviors. Two different approaches of leadership can be utilized in the advancement of an organization. Ethical theories are represented in two different forms: first are those related to the leaders behavior and second are the leaders characters. These theories focus on the action that lead to cost whether the actions are good or bad. The leader performs his actions for motivating his followers those should be convincing to the followers. In my respect I will try to convince the followers using both approaches of leadership according to the requirement. Behavior of the leader should be polite and his character should be ideal to his followers. Nature of the leader should be inspirational and attractive. An ideal leader should have the ability to examine right and wrong in rapports of values that reflects the concerns of the followers with maintaining his self-respect. The importance and standard an individual gets in his society or place is called the value. Value enables the leader to build his relations with his followers and create a bound of trust and commitment with the employees. Leader is a primary organizer of processes that drive the business. Followers are dependent on the leaders so the responsibility of the leader towards his followers increases. Values are the primary ways to create connection with the employees. A good leader has to make efforts to raise his value, his behavior should be good and decision should be satisfactory and convincing (Odom, L. and Green, M.T. 2003). Leadership behavior drives the commitment of the employee. Following behaviors of the leaders affects the employees: giving inspiration and motivation to the workers, a critical behavior to success is the drive for results; good collaboration with the employees, leaders can produce faith by being aware of the concerns, ambitions, and conditions of others. Reality is that we trust our friends more than the enemies. It can be erected through information and expertise. I have the ability to build strong relation with my friend and batch-mates. I can make a good collaboration between my team members hence I think that I have the quality of critical behavior of a leader. Building relationship is another feature of leadership. Leaders make balance in the commitment between the followers and other requirements. They achieve results with satisfying the followers also. They make balances between the organizational deadline and the individual needs also. Leaders make his follower to feel his value also and create a strong bound between them. I have the ability to build the relation with other people. I can make balance between t6he persons of different mentality and make strong bound with my fellow students. My leadership Abilities Leadership abilities first of all reflect at the time of schooling. I also have the qualities of a leader. I have compared my qualities and abilities of leadership with my ideal leader across this paper. This ability shares the morals and vision which drive the mission. I have the ability to build strong relation with my friend and batch-mates. I can make a good collaboration between my team members hence I think that I have the quality of critical behavior of a leader. A successful leader uses different approaches towards the success of his work and not bounded to single approach. I can create the innovative ideas to motivate the followers and creating their trust on me as a leader. Conclusion In this report I have mentioned my own leadership qualities with respect to the qualities of my ideal leader, for being an effective leader one should have his own behavior, value and believe of being a leader. According to the studies of leadership qualities and characteristics of the ideal leaders I come to the inferences that I also have the abilities to become a leader. In inference I have got that the leadership of Dr. Martin Luther King had delivers valued visions for transforming the changes in society. From the study of his leadership characteristics I have been able to understand the leadership qualities inside me. I was inspired to motivate myself for being a good leader. Good leadership qualities and their features are explained in this report. Through this report I have mentioned my leadership qualities as well as the effect of leadership on the followers as well as on the organization. References Alimo-Metcalfe, B. Alban-Metcalfe, J. (2001). The development of a new Transformational Leadership Burns, J.M, (1978), Leadership, N.Y, Harper and Row. Joseph, E.E. and Winston, B.E. (2005), A Correlation of Servant Leadership, Leader Trust and Organizational Trust, Leadership and Organization Development Journal, Vo. 26, No. 1, pp. 6 22. Kent, T.W., Crotts, J.C. and Azziz, A. (2001), Four Factors of Transformational Leadership Behaviour, Leadership and Organization Development Journal, Vol. 22, No. 5, pp. 221 229. Nye, J.S. (2006), Transformational Leadership and US Grand Strategy, Foreign Affairs, July/August, pp. 139 150. Odom, L. and Green, M.T. (2003), Law and the Ethics of Transformational Leadership, Leadership and Organization Development Journal, Vol. 24, No. 2, pp. 62 69.