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THIS GUARANTY OF LEASE (this "Guaranty") is made and entered into as of the
day of , 2016, by Rajan Devan and Jordan Farley,
jointly and severally (the "Guarantors") and 2025 Development Group, LLC (the "Landlord").
RECITALS
A. Manifest Events and Rain EDM (the “Tenant”) desires to lease approximately 10,572
square feet of space in a building located at 1202 3rd Street SE, Suites 200 and 300, Cedar Rapids,
Iowa, for a term of ten (10) years with two (2) five (5) year options (the “Lease”).
B. The Guarantors have requested Landlord enter into the Lease with Tenant.
C. Landlord is unwilling to enter into the Lease unless the Guarantors, jointly and
severally, personally guarantee the Lease in the manner set forth in this Guaranty.
STATEMENT OF GUARANTY
In consideration of the premises and other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the Guarantors to induce Landlord to enter into the
Lease and intending to be legally bound agrees as follows:
b. The release or discharge of Tenant from any of Tenant's obligations under the
Lease by operation of any bankruptcy, insolvency, or similar law or the actual or purported
rejection of the Lease by a trustee in bankruptcy on behalf of Tenant;
c. The failure of Landlord to exhaust or pursue any of its rights or remedies available
against Tenant or any other guarantor;
e. Any subletting of all or any part of the Leased Premises or any assignment or
other transfer of the Lease;
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g. Landlord's receipt, application, release, or impairment of any security or collateral
given to secure the performance and observance of the terms and covenants of the Lease.
9. SUCCESSOR AND ASSIGNS. The benefits of this Guaranty shall inure to the
successors and assigns of Landlord and shall be binding upon the successors, assigns, and legal and
personal representatives of the Guarantors. For purposes of this Guaranty, the word "Tenant" shall
also include the successors and assigns of Tenant. This paragraph shall not affect the restrictions
relating to assignments and subletting by Tenant as set out in the Lease.
13. FINANCIAL STATEMENTS. Guarantors hereby represent and warrant that all
financial statements submitted by Guarantors to Landlord in connection with the Lease are true and
correct in all respects, and fairly present the financial condition of Guarantors. Guarantors hereby
agree to promptly supply Landlord with such financial information as may be reasonably requested
by Landlord from time to time.
14. DEFINITIONS. Words used in this Guaranty without definition shall have the same
meaning as in the Lease.
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15. COUNTERPARTS. This Guaranty may be executed in several counterparts, each of
which shall be deemed an original, and all such counterparts shall together constitute one and the
same instrument.
GUARANTORS: LANDLORD
By:
Rajan Devan
Jordan Farley
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