Debts of corporation by stockholder. _________, a corporation organized under the laws of the state of _________, whose business is located at _________ is compelled, in the conduct of its business, to borrow money in excess of the amount authorized by law for a short period of time each season for the purchase of supplies and the employment of help, and it is necessary in borrowing such money that the company give security for the repayment of money borrowed, therefore, we the undersigned stockholders of _________, bind ourselves to fully protect and indemnify any and all persons who may become sureties on the obligations of _________, and we further guarantee the payment of all obligations of _________ for money borrowed, and used in the business of _________, whether such obligations be in the form of notes or overdrafts, at either of _________ banks, and we waive presentation for payment, notice of nonpayment, protest and notice of protest of all notes or obligations upon which we may become liable under this guaranty. It is understood that the liability of the signers of this guaranty shall be in proportion in the amount of stock held by them respectively, at the time of the execution of this guaranty as between the parties to it; and that this obligation shall be enforced for all obligations and liabilities incurred by the _________ company during the year _________ but no longer. Dated at _________ this _________, 19__.