SUBSIDIARY GUARANTYSubsidiary Guaranty • November 25th, 1998 • Pa&e International Inc • Electric lighting & wiring equipment
The Guarantors listed below (hereinafter referred to as the "Guarantors," which term includes any successor or assign under the Indenture (the "Indenture") and any additional Guarantors), have irrevocably and unconditionally guaranteed (i) the due and punctual payment of the principal of, premium, if any, Liquidated Damages, if any, and interest on the 11 1/4% Senior Subordinated Notes due 2005 (the "Notes") of Pacific Aerospace & Electronics, Inc., a Washington corporation (the "Company"), whether at stated maturity, by acceleration or otherwise, the due and punctual payment of interest on the overdue principal, Liquidated Damages, if any, and premium, if any, and (to the extent permitted by law) interest on any interest, if any, on the Notes, and the due and punctual performance of all other obligations of the Company, to the Holders or the Trustee all in accordance with the terms set forth in Article 11 of the Indenture, (ii) in case of any extension of time of payment or renewal of
