Exhibit 10.38
GUARANTY
The undersigned, Xxxxxxxx Technologies, Inc., is the parent corporation of
Xxxxxxxx Technologies of Iowa, Inc. and, as such, has a financial interest in
the affairs of Xxxxxxxx Technologies of Iowa, Inc. Xxxx Xxxxx is entering into a
Lease with Xxxxxxxx Technologies of Iowa, Inc. in reliance upon this guaranty by
Xxxxxxxx Technologies, Inc.
The undersigned, for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, does hereby unconditionally and
without qualification guarantee the prompt, full and complete payment by Tenant
of all sums due Landlord and the prompt, full and complete performance of all
obligations of the Tenant pursuant to the Lease between Xxxxx Asset Management
Co., LLC, a Minnesota limited liability company, Landlord, and Xxxxxxxx
Technologies of Iowa, Inc., an Iowa corporation, Tenant, dated the 12 day of
September, 2003.
XXXXXXXX TECHNOLOGIES, INC.
By: /s/ Xxxxxx Xxxxx
Xxxxxx Xxxxx, Its President