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I,
(NAME)_____________________________________ RESIDING AT
(ADDRESS)________________________________________ FOR AND IN
CONSIDERATION
OF YOUR EXTENDING CREDIT AT MY REQUEST TO (COMPANY)______________________________________________________
(HEREINAFTER REFERRED
TO AS THE "COMPANY"), OF WHICH I AM (TITLE)_____________________________________,
HEREBY PERSONALLY GUARANTEE TO YOU THE PAYMENT
AT NATIONAL COMMUNICATIONS INC. IN THE STATE OF NEW JERSEY ANY OBLIGATION
OF THE COMPANY AND I HEREBY AGREE TO BIND MYSELF TO
PAY YOU ON DEMAND ANY SUM WHICH MAY BECOME DUE TO YOU BY THE COMPANY
WHENEVER THE COMPANY SHALL FAIL TO PAY THE SAME. IT IS
UNDERSTOOD THAT THIS GUARANTEE SHALL BE A CONTINUING AND IRREVOCABLE
GUARANTEE AND INDEMNITY FOR SUCH INDEBTEDNESS OF THE
COMPANY. I DO HEREBY WAIVE NOTICE DEFAULT, NON-PAYMENT AND NOTICE HEREOF
AND CONSENT TO ANY MODIFICATION OF RENEWAL OF CREDIT
AGREEMENT HEREBY GUARANTEE.
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