EXHIBIT 10.2
GUARANTY AGREEMENT
This is a Guaranty Agreement (the "Guaranty"), dated as of the __ day of
October, 1996, made by SI Diamond Technology, Inc., a Texas corporation ("SIDT")
in favor of ("Lender").
RECITALS
SIDT is the owner of all of the outstanding capital stock of Diamond
Tech One, Inc., a Delaware corporation ("DTO"). In order to induce Lender to
make a loan in the amount of $250,000 to DTO (the "Loan"), SIDT is willing to
guaranty the obligations of DTO to Lender and to grant Lender a warrant to
purchase 50,000 shares of SIDT common stock (par value $ .001 per share) (the
"Warrant").
In consideration of the Lender making the Loan to DTO, SIDT agrees:
1. SIDT irrevocably and unconditionally guarantees the full and
prompt payment when due of the principal of and interest on the Loan and of all
other obligations and liabilities under the Loan and Security Agreement to be
entered into between DTO and Lender.
2. Simultaneously with the funding of the Loan, SIDT shall issue and
deliver the Warrant to Lender.
3. SIDT represents and warrants to the Lender that this Guaranty and the
Warrant have been duly authorized by the Board of Directors of SIDT as evidenced
by the Certificate of Corporate Resolutions attached hereto.
Dated at Austin, Texas this ___ day of October, 1996.
SI DIAMOND TECHNOLOGY, INC.
By:________________________
President
Attest:____________________
Secretary
