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Guaranty of Pledges to Secure Debt

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This Guaranty of Pledges to Secure Debt agreement is made between a guarantor, a creditor, and a borrower whereby the borrower agrees to pledge to the creditor its shares owned in a company, and the guarantor agrees to act as a guarantor in respect to the pledge for the amount of the debt owed by the borrower. This document in its draft form contains standard clauses commonly used in these types of agreements; however, additional language may be added to allow for customization and to ensure the specific terms of the parties’ agreement are addressed.

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