GUARANTY (Individual)Lone Star Value Management LLC • December 28th, 2017 • Prefabricated wood bldgs & components • New York
FOR VALUE RECEIVED, and in consideration of loans made or to be made or credit otherwise extended or to be extended by Gerber Finance Inc. (“Lender”) to or for the account of KBS Builders, Inc., (“Borrower”) from time to time and at any time and for other good and valuable consideration, and to induce Lender to make such loans or extensions of credit and to make or grant such renewals, extensions, releases of collateral or relinquishments of legal rights as Lender may deem advisable, the undersigned (and each of them if more than one, the liability under this Guaranty being joint and several) (jointly and severally referred to as “Guarantor” or “the undersigned”) unconditionally guaranties to Lender, its successors, endorsees and assigns, the prompt payment when due (whether by acceleration or otherwise) of all Obligations of Borrower to Lender as defined below arising from overadvances based upon Accounts Availability of otherwise Eligible Accounts which exceed the twenty (20%) percen
