GUARANTY OF PAYMENT - INSTALLMENT SALE CONTRACT (SECURITY AGREEMENT)Sale Contract (Security Agreement • July 20th, 2012 • Goldfield Corp • Water, sewer, pipeline, comm & power line construction • Tennessee
THIS GUARANTY (“Guaranty”) is made and entered into by THE GOLDFIELD CORPORATION, 1684 W. Hibiscus Blvd., Melbourne, FL 32901 (hereinafter, referred to as “Guarantor”), in favor of RING POWER CORPORATION, 500 World Commerce Parkway, St. Augustine, FL 32092 (hereinafter referred to as “Seller”), guaranteeing the Indebtedness (as hereinafter defined) of SOUTHEAST POWER CORPORATION (hereinafter referred to as “Obligor”).
