GUARANTEE AGREEMENT
This Agreement dated this 10th day of October 1997, between Marquise Building
and Management Company, hereinafter referred to as "Guarantor" and Cooperative
Images, Inc. and Elective Investments, Inc., hereinafter referred to as
"Borrower",
The parties agree to these terms and conditions:
1. Guarantor will use it's designee, Xxxxxx Xxxxxx Xxxxxx, to personally
guarantee debts of the Borrower. Those debts of the Borrower will be limited
specifically to a transaction with Xxxxx Leasing Technologies.
2. In exchange for Guarantor's designee signing a personal guarantee, the
Guarantor will receive a 1 % guarantee fee on all individual loans that
originated by the Borrower that are hypothecated on the LeaseComm/Xxxxx
Leasing Technologies credit facility.
3. This Agreement is the total of the agreements between the parties relating
to the above mentioned guarantee.
4. The term of this Agreement will be for as long as Guarantor and/or his
designee are asked to guarantee obligations by the Borrower.
5. This Agreement is construed under the Laws of the Commonwealth of
Pennsylvania.
Marquise Building and Management Cooperative Images, Inc/
Company Elective Investment, Inc.
GUARANTOR BORROWER
/s/ Xxxxxx X Xxxxxx /s/ Xxxxxxx Trapass
