DEMAND ON GUARANTOR Date: To: Re: Please be advised that the undersigned is the Holder of your guaranty dated __________,20___on wherein you guaranteed the debt owed us by ____________________ as evidenced by a certain promissory note dated _________,20__. You are hereby advised that payments on said debt are in default. To date the outstanding principal balance and accrued interest is $_________. Therefore, demand is hereby made upon you to honor said guaranty which requires that you pay the sum of ____________, forthwith. Very truly yours, __________________________