CJ-2026-1011 - Z Ventures, LLC v. Kip Jordan

What's This Case About?

Let’s cut right to the chase: an Oklahoma company is suing a Texas man for over $1.6 million because he guaranteed a loan he apparently didn’t intend to pay—unless, of course, he thought the universe would just forget about it. Spoiler: the universe did not forget. But neither did Z Ventures, LLC, a Tulsa-based limited liability company that’s now swinging a legal sledgehammer at Kip Jordan, a lone individual currently residing in the Lone Star State, like this is some kind of financial Westworld showdown across state lines.

Now, who are these people? On one side, we’ve got Z Ventures, LLC—an Oklahoma entity with a name that sounds like a startup founded by a guy who really liked The Matrix and also real estate. They’re represented by one of Tulsa’s fancier law firms, Doerner, Saunders, Daniel & Anderson, which has been around longer than most TikTok trends and probably bills by the minute like it’s still 1998. On the other side is Kip Jordan, a private citizen currently living in Texas, which, let’s be honest, already gives him a certain vibe—cowboy boots, maybe a ranch, possibly a truck with oversized tires and a bumper sticker that says “Don’t Tread on Me.” But instead of defending his land, he’s about to defend his wallet in an Oklahoma courtroom, thanks to a piece of paper he signed back in 2023 that said, in essence: “I promise to pay if someone else doesn’t.” Classic “I thought it was just a formality” energy.

So what actually happened? Let’s rewind to April 18, 2023—a date that, for Kip Jordan, may now live in infamy. That’s when Z Ventures loaned $1.5 million to a company called Parcel Safe Systems, LLC (which sounds like a firm that stores your emotional baggage in climate-controlled units). In exchange, Parcel Safe Systems signed a promissory note—a formal “I owe you” document—agreeing to repay the money. But because $1.5 million is not exactly Monopoly cash, Z Ventures wanted extra reassurance. So they made two people personally guarantee the loan. One of them was Kip Jordan. The other? Unnamed, but probably sweating bullets too. Jordan signed a Guaranty Agreement that day, swearing he’d cover the debt if the company couldn’t—or wouldn’t—pay up. It was a big swing, and at the time, maybe everything looked sunny. The economy hadn’t fully imploded yet. Interest rates were high, but not apocalyptic. And maybe Jordan thought, “Hey, this business is solid. I’m just signing as a formality. No skin off my back.”

Fast forward to December 12, 2025. The sky is falling—or at least the balance sheet is. Z Ventures, likely growing nervous, sends a letter to both the borrower and the guarantors (including Jordan) demanding full payment by December 31, 2025. The tone? “Pay up, or else.” The “or else” being: we’re coming for you, personally. But come January 1, 2026? Crickets. No payment. No explanation. Just silence and the slow creep of compound interest. By the time the lawsuit drops on March 4, 2026, the amount owed has ballooned to $1,637,551.01—yes, down to the penny—plus interest that keeps ticking like a financial time bomb at $224.32 per day. That’s not just the original $1.5 million; that’s interest, fees, and the legal equivalent of compound vengeance.

So why are they in court? Because Z Ventures is enforcing the guaranty—basically saying, “You signed your name, buddy. Now pay.” Legally, this is a “Breach of Guaranty Agreement,” which sounds like something you’d hear in a boardroom thriller. In plain English? It means Jordan promised to be the backup payer, and now that the main payer has ghosted, Z Ventures is cashing in on that promise. And under Oklahoma law, they’re allowed to do that—plus collect attorney fees, costs, and interest. The guaranty wasn’t a suggestion; it was a legally binding “I will pay if they don’t.” And since Parcel Safe Systems hasn’t paid, Z Ventures is turning to Jordan like a debt-collecting bloodhound with a law degree.

What do they want? $1,637,551.01. Let that sink in. That’s not just “a lot.” That’s private-jet-down-payment money. That’s “buy a small island in the Caribbean and still have change for a margarita” money. For context, the average American household income is around $75,000. This amount is over 21 times that. Even if Jordan is wealthy (and we have zero evidence he is), that’s a life-altering sum. And it’s not even the full picture—interest keeps accruing, and Z Ventures wants all of it: the principal, the daily interest, the legal fees, the whole enchilada. They’re not asking for a payment plan. They’re not asking for an apology. They’re asking for a judgment that says, “You owe this. Pay it. Now.”

Now, here’s our take: the most absurd part isn’t the money. It’s not even the fact that a Texas man got sued in Oklahoma over a loan he didn’t technically take out himself. No, the real absurdity is the sheer audacity of denial. Someone—maybe Jordan, maybe someone else—thought they could sign a $1.5 million personal guarantee, let the borrower default, and just… walk away? Like this was a Netflix subscription they forgot to cancel? Guarantees aren’t loopholes. They’re legal landmines. And Jordan stepped right on one.

We’re not rooting for blood, but we are rooting for accountability. If you sign a document saying you’ll pay a million-and-a-half dollars if things go south, you don’t get to pretend it was just a “gesture of goodwill.” This isn’t a petty dispute over a fence line or a barking dog. This is high-stakes capitalism with real consequences. And while we don’t know Jordan’s side—maybe he was misled, maybe he thought the business was solvent, maybe he’s being unfairly targeted—we do know this: Z Ventures has the paperwork. They have the demand letter. They have the default. And they have a very expensive law firm ready to chase every penny.

So will Kip Jordan pay up? Will he fight? Will he show up at all? We don’t know. But one thing’s for sure: in the wild world of civil court, where LLCs battle individuals across state lines over seven-figure debts, the only thing bigger than the money is the drama. And we’re here for every interest-accruing minute of it.

Case Overview

$1,637,551 Demand Petition

Jurisdiction

District Court of Tulsa County, Oklahoma

Filing Attorney

Tom Q. Ferguson

DOERNER, SAUNDERS, DANIEL & ANDERSON, L.L.P.

Relief Sought

$1,637,551 Monetary

Plaintiffs

Z Ventures, LLC business
Rep: DOERNER, SAUNDERS, DANIEL & ANDERSON, L.L.P.

Defendants

Kip Jordan individual

Claims

#	Cause of Action	Description
1	Breach of Guaranty Agreement	Defendant Kip Jordan's failure to pay sums due on a promissory note.

Petition Text

1,193 words

IN THE DISTRICT COURT OF TULSA COUNTY STATE OF OKLAHOMA Z Ventures, LLC, an Oklahoma Limited Liability Company, Plaintiff, vs. Kip Jordan, an individual, Defendant. PETITION Plaintiff Z Ventures, LLC ("Z Ventures"), for its causes of action against the Defendant alleges and states the following: Parties, Jurisdiction & Venue 1. Z Ventures, LLC is a Limited Liability Company duly authorized under the laws of the State of Oklahoma with its principal place of business located in Tulsa County, Oklahoma. 2. Kip Jordan is an individual currently residing in the State of Texas ("Jordan"). 3. Parcel Safe Systems, LLC ("Borrower") signed the loan agreement described below with Z Ventures. The loan agreement was executed in conjunction with a promissory note. Guarantor guaranteed the promissory note. The loan agreement and promissory note stipulate that jurisdiction and venue are proper in Tulsa County, Oklahoma. 4. This Court has jurisdiction over this claim and the parties that are the subject of this litigation and venue properly lies with this Court. Background Allegations 5. Z Ventures and Borrower entered into a Loan Agreement ("Loan Agreement") on April 18, 2023. Therein, Z Ventures agreed to loan money to Borrower and Borrower agreed to borrow from Z Ventures. 6. Pursuant to the Loan Agreement, Z Ventures loaned $1,500,000.00 to Borrower on or about April 18, 2023 (the “Loan”), and in exchange, Borrower executed and delivered to Z Ventures the Revolving Demand Promissory Note (“Note”) for the principal sum of $1,500,000.00 payable in accordance with the terms of the Note and the Loan Agreement. 7. To secure payment and performance on the Note, Kip Jordan, individually, executed and delivered to Z Ventures a Guaranty Agreement (“Jordan Guaranty”) dated April 18, 2023, whereby Jordan unconditionally guaranteed due payment, performance, and fulfillment to Z Ventures of all liabilities, obligations, and undertakings of Borrower under the Note, including collection expenses and attorney fees as allowed by this Court. Another member of the Borrower also executed and delivered a Guaranty Agreement. Collectively they are referred to as “Guarantors.” 8. At the time of this filing, Z Ventures owns and has possession of the original Note. Z Ventures is the payee, owner, and holder of the Loan Agreement, Note, the Guaranty, and all other loan documents executed in connection with or collateral to the Note (the “Loan Documents”). As such, Z Ventures is entitled to all rights and interests arising under the Loan Documents, including the right to collect on and seek enforcement of the Loan Documents. Default on the Note 9. The terms of the Loan Documents require Borrower to pay the remaining balance of the Note on the demand of Z Ventures. 10. By letter to Borrower and Guarantors, dated December 12, 2025, Z Ventures gave notice to Borrower and Guarantors of its demand to pay the balance owed on the Note by December 31, 2025, and that failure to do so would result in default under the Note. 11. Under the terms of the Note, the entire unpaid balance of the Note and all other amounts owed by Borrower under the Note are now due and payable, without further notice to Borrower. 12. As of the date of filing this Petition, Borrower and Guarantors are in default and have not paid the sums owing on the Note. 13. Borrower’s and Guarantors’ default and breach of the Note and Guaranty give rise to the rights of Z Ventures to seek all remedies available under the Note, Guarantees, and Loan Documents at law, including, without limitation, the right to seek all sums due on the Note and to pursue all rights in and on the Loan Documents. Amounts Owed 14. Z Ventures has been damaged by Borrower and Guarantors failing to pay the amounts owed on the Note. 15. As of January 1, 2026, the principal balance remaining due on the Note was $1,637,551.01 plus interest accruing from that date. Per the terms of the Note, interest continues to accrue on the unpaid balance on and after January 1, 2026, at 5.00% per annum as to Guarantors, or approximately $224.32 per day until paid in full. 16. In addition to the sums above, Borrower owes Z Ventures for certain expenses incurred and payable under the Loan Documents. 17. Pursuant to Okla. Stat. tit. 12, §§ 928, 936; tit. 15, § 276 and the terms of the Loan Documents, Z Ventures has the right to recover from Borrower and Guarantors all accruing expenses and costs, including attorney fees and expenses incurred by Z Ventures in connection with enforcement and collection of the Note or protection of Z Venture’s rights under the Note, plus interest thereon at 5.00% per annum as to Guarantors. 18. In total, Borrower and Guarantors owe Z Ventures at least $1,637,551.01 as of January 1, 2026, plus interest accruing on the Note at 5.00% per annum as to Guarantors, until paid in full, plus accruing costs, attorneys’ fees, and expenses. 19. Z Ventures, LLC incorporates every allegation of this Petition in every Claim for Relief. First Claim for Relief Breach of Guaranty Agreement 20. Z Ventures has complied with all the terms, obligations, and provisions of the Loan Documents as required by law. 21. All conditions precedent to Guarantor Jordan’s performance under the Guaranty and Loan Documents have been performed or have occurred. 22. Guarantor Jordan has no valid claim, cause of action, suit, counterclaim, liability, damages, defense, or right of offset against Z Ventures in relation to the Loan Documents or otherwise. 23. Guarantor Jordan’s failure to pay all sums due on the Note constitutes default and breach of the Guaranty. As a result of Guarantor Jordan’s default and breach, Guarantor Jordan owes Z Ventures at least $1,637,551.01 as of January 1, 2026, plus accruing interest on the Note at 5.00% per annum from January 1, 2026, until paid in full, plus accruing costs, attorneys’ fees, and expenses. 24. As a result of Guarantor Jordan’s default and breach, Z Ventures is entitled to an order of the Court for payment of all sums due under the Note, being at least $1,637,551.01, plus interest, accruing costs, and attorneys’ fees and expenses. Request for Judgment WHEREFORE, Z Ventures requests the Court award judgment in its favor and against Defendants as follows: a. Judgment against Guarantor Jodan for an amount not less than $1,637,551.01, plus accruing interest on the Note at 5.00% per annum until paid in full; b. Judgment against Guarantor Jordan for all costs, attorneys' fees, and expenses pursuant to the Loan Documents and pursuant to Okla. Stat. tit. 12, §§ 928, 936; tit. 15, § 276; c. Judgment for any other relief, whether at law or in equity, to which the Court deems Z Ventures entitled. Respectfully submitted, DOERNER, SAUNDERS, DANIEL & ANDERSON, L.L.P. By:______________________________ Tom Q. Ferguson, OBA No. 12288 Ty J. Gilmore, OBA No. 34664 Two West Second Street, Suite 700 Tulsa, Oklahoma 74103-3117 Telephone (918) 582-1211 [email protected] [email protected] Attorneys for Plaintiff, Z Ventures, LLC VERIFICATION STATE OF OKLAHOMA ) COUNTY OF TULSA ) SS. Robert M. Zinke, as Manager of Z Ventures, LLC, of lawful age, being first duly sworn upon oath, deposes and states that he has read the above and foregoing Petition, that he is familiar with the contents thereof, and that the facts therein set forth are true and correct to the best of his knowledge and belief. ______________________________ Robert M. Zinke, Manager, Z Ventures, LLC Subscribed and sworn to before me this 4th day of March, 2026. MADILYN CALLERY Notary Public, State of Oklahoma Commission # 22013014 My Commission Expires 09-28-2026 ______________________________ Madily Callery Notary Public