(herein after referred to as Debtor Business) to extend credit to it and WHEREAS, the said TOTAL AIR SUPPLY LLC is willing to extend such
credit only on the condition that the Guarantor will guarantee payment of any debts thus contracted by the said Debtor Business.
WHEREAS, the undersigned Guarantor is a principal of Debtor Business.
NOW, THEREFORE, for value received, the Guarantor, jointly, severally and individually does hereby
guarantee full payment of any debts that may be incurred in favor of TOTAL AIR SUPPLY LLC by Debtor Business now or any time in the
future.
This Guarantee shall be construed as an absolute, continuing and unlimited guarantee of payment without regard to the regularity of any
liability or obligation of said Debtor Business hereby guaranteed; and the said TOTAL AIR SUPPLY LLC shall not required to proceed first
against the said Debtor Business or any other person, firm or corporation or against any collateral security held by him before resorting to
the Guarantor for payment.
TOTAL AIR SUPPLY LLC. terms of sale are 1% – 10th Net 30th. Past due accounts will be subject to a finance charge of 2% per month (24%
annually). Interest shall continue to accrue at the above stated rate during the pendency of any litigation or collection efforts until paid in
full.
In the event of necessary legal action to collect outstanding and delinquent debts due TOTAL AIR SUPPLY LLC, I fully agree to assume and
pay the full amount of the debt plus any and all reasonable legal fees and all collection fees.
This Guarantee shall supersede any terms established on any purchase orders provided by you, the Debtor Business. This Guarantee shall
also apply to all outstanding obligations of the debtor incurred prior to the date indicated below.