GUARANTYGuaranty • July 28th, 2000 • Manatron Inc • Services-computer integrated systems design • Michigan
As of April 20, 2000, the undersigned, for value received, unconditionally and absolutely guarantee(s) to Comerica Bank ("Bank"), a Michigan banking corporation, payment when due, whether by stated maturity, demand, acceleration or otherwise, of all existing and future indebtedness ("Indebtedness") to the Bank of Manatron, Inc. ("Borrower"). Indebtedness includes without limit any and all obligations or liabilities of the Borrower to the Bank, whether absolute or contingent, direct or indirect, voluntary or involuntary, liquidated or unliquidated, joint or several, known or unknown, any and all indebtedness, obligations or liabilities for which Borrower would otherwise be liable to the Bank were it not for the invalidity, irregularity or unenforceability of them by reason of any bankruptcy, insolvency or other law or order of any kind, or for any other reason; any and all amendments, modifications, renewals and/or extensions of any of the above; and all costs of collecting Indebtedness
COMERICA BANK 151 South Rose Street Kalamazoo, Michigan 49007 April 20, 2000Manatron Inc • July 28th, 2000 • Services-computer integrated systems design • Michigan
This letter (herein called the "Agreement") constitutes an agreement by and between Comerica Bank, a Michigan banking corporation (herein called "Bank") and Manatron, Inc., a Michigan corporation, (herein called "Company"), pertaining to certain loans and other credit which Bank has made and/or may from time to time hereafter make available to Company. This Agreement supersedes and replaces that certain Letter Agreement dated October 9, 1998, by and between Company and Bank, as amended.
