Fill and Sign the Limited Guaranty under Loan Agreement American Form

- 1 - GUARANTY OF OPEN ACCOUNT In consideration of and in order to induce ______________________________, “Payee(s)”, to do extend credit to ______________________________, “Customer”, the undersigned (the "Guarantor") hereby:1.Unconditionally and absolutely guarantees to Payee(s), jointly and severally, the full and prompt payment and performance of any and all account receivable charges by Customer incurred to Payee, including collections fees and reasonable attorneys' fees, up to a maximum amount of _________________.2. Waives (i) presentment, demand, notice of nonpayment, protest and notice of protest and dishonor on the Notes; (ii) notice of acceptance of this Guaranty by Payees; and (iii) notice of the creation or incurrence of the Notes by the Borrower.3.Agrees that Payees, jointly or severally, may from time to time, without notice to Guarantor, which notice is hereby waived by Guarantor, extend, waive, renew or compromise the Accounts receivable, in whole or in part, without releasing, extinguishing or affecting in any manner whatsoever the liability of Guarantor hereunder, the foregoing acts being hereby consented to by Guarantor.4. Agrees that this Guaranty shall remain in full force and effect and be binding upon Guarantor until the Account Receivables are paid and performed in full. Guarantor may terminate this guaranty at any time but shall remain liable for the then existing balance of the Account Receivable of Customer.5. Agrees that the possession of this instrument of guaranty by Payees shall be conclusive evidence of due execution and delivery hereof by Guarantor. - 2 - 6.Agrees that this Guaranty shall be binding upon the legal representatives, successors and assigns of Guarantor, and shall inure to the benefit of Payees and their successors, assigns and legal representatives.Dated as of this the ____ day of _________________, 20____. ______________________________Guarantor STATE OF _____________COUNTY OF ____________ The foregoing instrument was acknowledged before me, this the ___ day of ___________, 20____, by ______________________________. _______________________________NOTARY PUBLIC MY COMMISSION EXPIRES:______________________