| The undersigned
named guarantors ("Guarantors"), in consideration of and to induce the
extension of credit to applicant by United Technology, hereby jointly and
severally and unconditionally and irrevocably guarantee to United
Technology the payment, when due, of all amounts owing or which become
owing by applicant to United Technology pursuant to the extension of
credit to applicant. The guarantee shall not impaired by the event or
circumstance which might operate to discharge a guarantor. Guarantors
waive presentment for payment, demand, protest and notice of protest and
non-payment and agree to pay all expenses of enforcing this guarantee,
including legal expenses. United Technology may pursue any of its rights
or remedies under this guarantee without pursuing any of its rights or
remedies against applicant. Each Guarantor agrees to notify United
Technology in writing of any change in its address or telephone number
within 10 business days of such change. this guarantee shall inure to the
benefit of any successor or affiliates of United Technology. |