Who is Lender?

• A Lender, a person who provides loan, is:

  • A business or organization
  • An individual

• Indicate the full name of a company (Lender):

• Indicate the full name of Lender:

• Indicate the Lender's full company's address:

• Indicate the Lender's full residential address:

Who is Guarantor?

• A guarantor, a person who gives a guarantee, is:

  • A business or organization
  • An individual

• Indicate the full name of Guarantor's company:

• Indicate the Guarantor's full business address:

• Indicate the full name of Guarantor:

• Indicate the full residential address of Guarantor:

Information about Loan

• Select the date on which the Loan Agreement was signed:

• Indicate the amount of Loan in USD:

  !

  The sum of money should exclude any applicable interest (if any).

• Will this guarantee remain in effect if the original loan agreement is modified?

  • No
  • Yes

  !

  Modifications of the original loan agreement may have different forms, including:

  – change of the loan amount;
  – amendment of the repayment terms;
  – change in late fees etc.

• Which state's laws govern the original loan agreement?

  Choose option Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming District of Columbia

Issuance of Guarantee

• The guarantee given under this Agreement shall be:

  • Unlimited
  • Limited

  !

  An unlimited guarantee makes the guarantor liable for the full amount of the debt—including interest, fees, and legal costs—without a cap, up to the actual amount owed under the loan.

  A limited guarantee caps the guarantor’s liability at a predetermined amount (dollar value) or for a specified portion of the debt, ensuring the guarantor cannot be held responsible beyond that limit.

• Enter the maximum dollar amount (in USD) that this guarantee will cover:

• Will the Guarantor’s obligation to repay the debt be triggered only upon specific conditions?

  • No
  • Yes

  !

  The repayment of a debt by a guarantor in case of a borrower’s default can be conditional upon various circumstances, for instance:

  – insolvency or bankruptcy of the borrower;
  – insufficiency of the borrower’s funds to cover the remaining debt;
  – provision of prior repayment notification to the guarantor etc.

• List all the specific conditions upon which the Guarantor’s obligation to repay the debt will be triggered:

• Shall the issued guarantee under this Agreement be limited in time?

  • No
  • Yes

• Select the date on which the present guarantee shall expire:

Debtor's Default

• Should the Lender notify the Guarantor of the Debtor’s default before seeking repayment?

  • Yes
  • No

• In the event of the Debtor’s default, should the Lender to pursue remedies against the Debtor first?

  • Yes
  • No, the Lender can pursue first against Guarantor

• Should the Guarantor's obligation be secured with a collateral?

  • No
  • Yes

  !

  When a guarantor provides a guarantee, they may put additional collateral to secure that obligation.

  If a borrower can’t repay the loan, the lender can take the guarantor’s collateral to recoup their loss.

• Provide a detailed description of the collateral offered by the Guarantor:

  !

  The list of assets commonly used as a collateral may include:

  – real estate;
  – vehicles and machinery;
  – cash;
  – securities;
  – IP rights etc.

• Do you want to add a Guarantor's signature?

  • Yes
  • No

• Add Guarantor's signature:

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