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Completion Guarantee

THIS GUARANTY, made on this February 24, 2012 by ABC Construction of 20 Factory Lane, Big City, California 94901 (hereinafter referred to as the "Guarantor"), to and for the benefit of Alex Green, 123 35th St, Big City, California 94901 and any successor holder of the Note more particularly referred to below (hereinafter collectively referred to as the "Lender"). RECITALS Jake Steel of 89 Silver Road, Big City, California 94901 (hereinafter referred to as the "Borrower") has applied to Lender for a loan in the principal amount of $$5,000.00 (hereinafter referred to as the "Loan") to be evidenced by Borrower's Note (hereinafter referred to as the "Note") of even date herewith, secured by a Mortgage Deed of even date therewith. The Loan is to be advanced pursuant to the terms and conditions of a Construction Loan Agreement between Borrower and Lender of even date herewith (hereinafter referred to as the "Construction Loan Agreement") and will be used by Borrower to construct certain improvements (hereinafter referred to as the "Project") upon the Land in accordance with plans and specifications therefore prepared by or for Borrower and approved by Lender (hereinafter referred to as the "Plans and Specifications"). The Note, Construction Loan Agreement and all other documents executed by or for the benefit of the Lender in connection with or incident to the Loan are hereinafter collectively referred to as the "Loan Documents." Inducement for Guaranty Lender is unwilling to make the Loan unless Guarantor guarantees completion of the Project in the manner herein provided. Guaranty, Waiver And Consents a. Guaranty Guarantor unconditionally and absolutely guarantees unto Lender that if the Borrower shall fail to complete the Project on the Land in the manner and within the period of time required by the Construction Loan Agreement in accordance with the Plans and Specifications, with only such amendments thereto as shall be approved by the Lender and in accordance with all laws, rules, regulations and requirements of all governmental authorities having jurisdiction, or fail to keep the Land and the Project free from all liens and claims which may be filed or made for performing work and labor thereon or furnishing materials therefore in connection with the construction thereof, or both, then Guarantor shall, provided that sums remaining to be disbursed under the Construction Loan Agreement are thereafter advanced to Guarantor upon request by Guarantor in the manner and under the terms and conditions therein provided: (1) cause the Project to be completed free and clear of mechanics' and materialmens' liens in the manner and within the period of time required by the Construction Loan Agreement, in accordance with the Plans and Specifications, amended only as aforesaid, and in accordance with all laws, rules,
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regulations and requirements of all governmental authorities having jurisdiction; (2) cause any such mechanics' or materialmens' liens and claims to be removed and thereafter keep the Land and the Project free from all such liens and claims; (3) make payment in full to all laborers, subcontractors and materialmen on or before the date of completion for the costs of the Project and related costs, and (4) pay all costs and expenses incurred in performing Guarantor's obligations under this Guaranty. Guarantor further agrees to indemnify and hold harmless the Lender from any loss (including reasonable attorney's fees) resulting from any default by the undersigned under the terms of this Guaranty. b. Waiver and Consents Guarantor waives diligence, demand, extension of time, notice of acceptance of this Guaranty, and indulgences and notices of every kind, and consents to any and all forbearances and extensions of the time for payment of the Note or performance under the Loan Documents, and to any and all changes in the terms, covenants and conditions of the Loan Documents hereafter made or granted, (provided such changes or modifications do not materially affect (i) the amount of funds budgeted for the construction of the Project, (ii) the manner in which the proceeds of the Loan are to be advanced under the Construction Loan Agreement, or (iii) the scope of the work provided for in the plans and specifications or the time for the completion of the same), and to any and all substitutions, exchanges or releases of all or any part of the collateral therefore. It is the intention hereof that Guarantor shall remain liable hereunder until the earlier of (i) full amount of the principal of the Note, with interest, and any other sums due or to become due under the Loan Documents, shall have been fully paid, and the terms, covenants and conditions of the Loan Documents shall have been fully kept, observed and performed by Borrower, or (ii) the Project has been fully completed in the manner provided in and contemplated by Section Guaranty hereof, notwithstanding any act, omission or thing which might otherwise operate as a legal or equitable discharge of Guarantor. Agreements And Covenants of Guarantor a. No Subrogation Guarantor agrees that it shall have no right of subrogation whatsoever with respect to the Loan Documents, or to original moneys due and unpaid thereon, or any collateral securing the same, unless and until Lender shall have received payment in full of all sums due under the Loan Documents. b. Enforcement This Guaranty may be enforced by Lender without first resorting to or exhausting any other security or collateral and without first having recourse to the Note or any of the remedies provided by the Loan Documents. Nothing herein contained, however, shall prevent Lender from suing on the Note, or from exercising any other rights under the Loan Documents. c. Expenses of Enforcement

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In the event this Guaranty is placed in the hands of an attorney for enforcement, Guarantor will reimburse Lender for all expenses incurred in connection therewith, including reasonable attorney's fees. Successors and Assigns This Guaranty shall inure to the benefit of and may be enforced by Lender, and any subsequent holder of the Note and shall be binding upon and enforceable against the legal representatives, heirs and assigns of Guarantor. No Alteration of Other Documents No provision of this Guaranty shall be construed to alter or amend the Loan Documents, or to relieve Borrower of any duties or obligations under the Loan Documents. Joint Obligation In the event that more than one person or party shall execute this Guaranty as the Guarantor herein, this agreement shall bind all persons and parties jointly and severally. Governing Law This Guaranty and the terms and provisions hereof shall be governed by and construed according to the laws of the California, without regard to principles of conflict of laws. Remedies Cumulative Guarantor hereby agrees with Lender that all rights, remedies and recourses afforded to Lender by reason of this Guaranty, or otherwise, are separate and cumulative and may be pursued separately, successively or concurrently, as occasion therefore shall occur, and are non-exclusive and shall in no way limit or prejudice any other legal or equitable right, remedy or recourse which Lender may have. IN WITNESS WHEREOF, the parties hereto have executed this Guaranty as of the date set forth. LENDER:

__________________________________________ Alex Green By: Amy Lucq, _________________ GUARANTOR:

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__________________________________________ ABC Contruction By: John Stant, Human Resources Rep Final Checklist for Completion Guaranty February 22, 2012 Make It Legal

_____ Look over the Completion Guaranty to ensure it matches your intentions. If you need to make changes to the Agreement outside of the interview, you will be able to make changes online or in Word format in the Document Manager at the end of the process.

_____ Have both the Parties sign and date the Completion Guaranty in duplicate. You can also use Rocket Lawyer's e-signature service to electronically sign the document.

_____ Deliver a copy of the Completion Guaranty to the other Party.

Copies _____ Keep a copy of all documents for your own records and in case there is a problem.

_____Each Party should receive an original signed copy of the Completion Guaranty. Your copy should be kept in a safe place. If you signed a paper copy of your document, you can use Rocket Lawyer to store and share it. Safe and secure in your Rocket Lawyer account, you can access it any time from any computer, as well as share it for future reference. When to Consult a Lawyer

A lawyer should be consulted regarding any unique issues not addressed by this program. You can find a lawyer and share your document automatically for review at

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