LETTER OF GUARANTEE

I, the undersigned, __________________________________________ hereby irrevocably

declare that I guarantee as primary guarantor on behalf of
________________________________________ payment to __________________ of
_____________________ as principal debt with interest amounting to ___________________

Payment shall be made without objection or legal proceedings of any kind, upon demand, if ever
____________________________________ has not fulfilled his contractual obligations. I shall
not delay the payment, nor shall I oppose it for any reason whatsoever.

The present guarantee shall come into force and shall take effect upon its signature.

__________________________________
Signature over printed name

WITNESS: WITNESS:

Name: _____________________________ Name: _____________________________

Signature: __________________________ Signature: __________________________

Date: ______________________________ Date: ______________________________