Date: July 24, 1996
To: THE BANK OF TOKYO-MITSUBISHI, LIMITED
GUARANTEE
The maximum amount guaranteed Five Hundred Million Japanese Yen
The term of this guarantee Valid Until August 21, 1997
In regard to any and all obligations the Principal presently owes and/or
may owe your Bank as a result of transactions at any time until the date set
forth above provided for in Article I of the Agreement on Bank Transactions
which the Principal separately executed and delivered to your Bank, the
Guarantor shall be jointly and severally liable with the Principal for the
performance of all such obligations to the extent of the maximum amount set
forth above, and the Guarantor hereby agrees to abide by the terms and
conditions of the said Agreement on Bank Transactions as well as the terms set
forth below with regard to the performance of any such obligations:
1. Even if your Bank changes or releases the security or other guarantees
at your Bank's convenience, the Guarantor shall not claim exemption from the
obligations.
2. The Guarantor shall not effect a setoff by any of the Principal's
deposits or credits with your Bank.
3. If and when the Guarantor performs any obligations of this guarantee,
the Guarantor shall not exercise any rights obtained from your Bank by
subrogation without the prior approval of your Bank so long as transactions
between the Principal and your Bank continue. Upon your Bank's demand, the
Guarantor shall assign such rights and priority to your Bank without
compensation.
4. In cases in which the Guarantor has given or gives in the future any
other guarantee in regard to any of the Principal's obligations to your Bank,
the total amount of the obligations guaranteed shall, unless otherwise agreed,
be the aggregate of such guarantees, and this guarantee shall not affect any
such other guarantees.
The Principal: Signature:
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Revenue Full Name:
Stamp
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Address:
The Guarantor: Signature: /s/ Xxxxxxx X. Xxxx
Full Name: Xxxxxxx X. Xxxx
Address: 00 Xxxxx Xxxxxxx
Xxx Xxxx, XX 00000
(All questions that may arise within or without courts of law in regard to the
meaning of the words, provisions and stipulations of this Agreement shall be
decided in accordance with the Japanese text.)
