Termination of Future Guaranty

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

Date

{{date}}

To

{{recipient_name}}

{{recipient_address}}

Subject: Termination of Future Guaranty

Dear {{recipient_name}},

Notice of Termination

Please accept this letter as formal notification of our intention to terminate the future guaranty provided by {{guarantor_name}} (the 'Guarantor') in favour of {{beneficiary_name}} (the 'Beneficiary') concerning any future obligations or indebtedness of {{principal_debtor_name}} (the 'Principal Debtor'). This termination applies to all obligations arising from {{date_of_original_guarantee}} onwards. It is understood that this termination does not affect any liabilities, debts or obligations incurred by the Principal Debtor, and guaranteed by the Guarantor, prior to the effective date of this termination.

Effective Date of Termination

The effective date of this termination of future guaranty shall be {{effective_date}}. From this date forward, the Guarantor shall not be liable for any new advances, credits, or other financial accommodations extended to the Principal Debtor by the Beneficiary.

Existing Obligations

The Guarantor acknowledges and affirms that this termination does not release the Guarantor from any obligations, liabilities, or indebtedness of the Principal Debtor that were incurred and guaranteed by the Guarantor prior to the effective date of this termination. All such existing obligations shall remain in full force and effect until fully discharged by the Principal Debtor or the Guarantor, as per the terms of the original guaranty agreement.

Return of Original Guaranty Document

We kindly request that you confirm receipt of this termination notice and, where applicable, return the original guaranty document to us for our records, or provide written confirmation of its cancellation in relation to future obligations.

Governing Law

This termination notice and any dispute arising out of or in connection with it shall be governed by and construed in accordance with the laws of {{jurisdiction}}.

Acknowledgement

Please sign and return the enclosed copy of this letter to acknowledge your receipt and acceptance of this termination of future guaranty.

Sincerely,

{{guarantor_name}}

{{guarantor_signature}}

{{position}}

Date: {{signature_date}}

Acknowledgement of Receipt

Received and Acknowledged by:

{{beneficiary_name}}

{{beneficiary_signature}}

{{position}}

Date: {{acknowledgement_date}}