0001140361-07-007633 Sample Contracts

GUARANTY
Guaranty Agreement • April 11th, 2007 • Baywood International Inc • Medicinal chemicals & botanical products

FOR VALUE RECEIVED, the undersigned does hereby guaranty the performance by Baywood International, Inc. a Nevada Corporation ("Baywood"), of each, every and all of the terms, covenants and provisions of that certain note ("Note") dated the ___ day of March, 2007, by and between JSH Partners ("JSH") and Baywood, as if the undersigned were made signatory to such Note. The undersigned specifically agrees to guaranty the payment of all monies due or to become due and the performance of all acts required of Baywood under said Note. It is agreed that JSH would not enter into said Note with Baywood if the undersigned did not agree to perform each of the covenants, terms and provisions, etc. of said Note, and pay all monies due under said Note from Baywood to JSH. The undersigned waives any right to require as a condition precedent to the bringing of an action of the Guaranty that an action need be brought against Baywood. In the event an action is commenced to enforce Guaranty, the undersigne

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BUSINESS LOAN AGREEMENT
Business Loan Agreement • April 11th, 2007 • Baywood International Inc • Medicinal chemicals & botanical products • California

THIS BUSINESS LOAN AGREEMENT dated March 20, 2007, is made and executed between Baywood International, Inc.; and Baywood Acquisition, Inc. ("Borrower") and Vineyard Bank, N.A. ("Lender") on the following terms and conditions. Borrower has received prior commercial loans from Lender or has applied to Lender for a commercial loan or loans or other financial accommodations, including those which may be described on any exhibit or schedule attached to this Agreement ("Loan"). Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrower's representations, warranties, and agreements as set forth in this Agreement; (B) the granting, renewing, or extending of any Loan by Lender at all times shall be subject to Lender's sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement.

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