Payment Guaranty

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

Date

{{date}}

To:

{{beneficiary_name}}

{{beneficiary_address}}

(Hereinafter referred to as “the Beneficiary”)

From:

{{guarantor_name}}

{{guarantor_address}}

(Hereinafter referred to as “the Guarantor”)

Subject: Payment Guaranty for {{debtor_name}}

This Payment Guaranty is made effective this {{effective_date}} by {{guarantor_name}} (the “Guarantor”) in favour of {{beneficiary_name}} (the “Beneficiary”) concerning the financial obligations of {{debtor_name}} (the “Debtor”).

Guaranty

For valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Guarantor hereby unconditionally and irrevocably guarantees to the Beneficiary the due and punctual payment and performance of all present and future indebtedness, liabilities, and obligations of the Debtor to the Beneficiary, whether principal, interest, fees, costs, or otherwise (the “Obligations”), up to a maximum aggregate amount of {{guarantee_amount}} ({{guarantee_amount_words}}).

This Guaranty shall continue in full force and effect until such time as all Obligations of the Debtor to the Beneficiary have been fully satisfied and discharged.

Terms and Conditions

The Guarantor waives any right to require the Beneficiary to proceed against the Debtor, or any other guarantor, or to pursue any other remedy in the Beneficiary’s power whatsoever, before proceeding against the Guarantor.

The Guarantor acknowledges that its liability hereunder is primary and not secondary, and is independent of the obligations of the Debtor.

This Guaranty shall be a continuing guaranty and shall not be discharged or affected by any variation, extension, or compromise of any of the Obligations or any security held by the Beneficiary.

Any payment made by the Guarantor under this Guaranty shall be without any deduction or withholding whatsoever.

Representations and Warranties of the Guarantor

The Guarantor represents and warrants that it has the full power and authority to enter into this Guaranty and to perform its obligations hereunder.

This Guaranty constitutes a legal, valid, and binding obligation of the Guarantor, enforceable against the Guarantor in accordance with its terms.

Governing Law and Jurisdiction

This Guaranty shall be governed by and construed in accordance with the laws of {{governing_country}}. The parties hereto irrevocably submit to the exclusive jurisdiction of the courts of {{governing_country}} for the purpose of any suit, action, or other proceeding arising out of or relating to this Guaranty.

Notices

All notices, requests, demands, and other communications under this Guaranty shall be in writing and shall be deemed to have been duly given when delivered personally, sent by registered mail, or by reputable courier service to the addresses specified above.

Signature

IN WITNESS WHEREOF, the Guarantor has executed this Payment Guaranty on the date first written above.

_____________________________

{{guarantor_name}}

{{guarantor_title}}

_____________________________

{{witness_name}}

Witness