Guarantee by Parent of Debt of Subsidiary

This form provides for a guarantor for the repayment of a debt. More specifically, this is a guarantee whereby a parent corporation will guarantee the purchase of a third party business by its subsidary. This guarantor is, in effect, a co-signer for the obligation. The guarantor (the parent) agrees that if any of the payments or performances are not made by the subsidary, the parent will perform/pay such obligations. (continued ...)