Credit Application & Agreement

The undersigned hereby (jointly and severally, if more than one) absolutely and unconditionally guarantee(s) the full, prompt and faithful payment of any and all indebtedness of Debtor to B&G Equipment and Supply, LLC now owning or hereafter incurred, including, without limitation, the prompt payment as specified therein of each and all notes, checks, drafts, conditional sale agreements, retail installments contracts, contracts, security agreements and other obligations of every kind and description, made signed, drawn, accepted, endorsed or guaranteed by Debtor of with respect to which the Debtor is in any other manner is obligated to B&G Equipment and Supply, LLC.

The undersigned hereby (jointly and severally, if more than one) absolutely and unconditionally further guarantee(s) the full, prompt and faithful performance by the Debtor of and all terms, conditions and covenants required to be performed by the Debtor under any instrument or obligation or indebtedness described herein.

It is agreed that:

1. This is a continuing guarantee.
2. This guarantee shall be binding upon the undersigned’s heirs, executors, administrators, successors and assigns.
3. The undersigned expressly waive(s) presentment, demand protest, or notice of any kind and hereby consent(s) to any extension of time of payment, renewal or modification of an instrument of obligation or indebtedness referred herein.
4. This guarantee included, without limitation, the guaranteeing by the undersigned of the full, prompt and faithful payment of the amount of any damage or deficiency suffered or incurred by B&G Equipment and Supply, LLC by reason of any default by Debtor in connection with any instrument or obligation or indebtedness as described in the first paragraph hereof, and the full, prompt faithful payment of all cost and expenses incurred by B&G Equipment and Supply, LLC in the enforcement of this guarantee.
5. No amendment refinancing extension or transfer of any instrument, obligation or indebtedness as aforesaid, or waiver or variation of any terms and conditions thereof, or changed in the time or amount of payment due thereunder, will affect the liability of the undersigned guarantee.