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ENTITY GUARANTY
<br />(Microloan)
<br />Elk River, Minnesota
<br />___________, 2016
<br />FOR VALUABLE CONSIDERATION, the receipt and sufficiency of which is hereby
<br />acknowledged, and in consideration of and to induce financial accommodations of any kind, with
<br />or without security, given or to be given or continued at any time and from time to time by the
<br />ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF ELK RIVER (the “Lender”)
<br />to or for the account of F & M PROPERTIES, LLC(the “Borrower”), DIE CONCEPTS, INC.
<br />(the “Entity Guarantor”)absolutely and unconditionally guarantees to the Lender the full and
<br />prompt payment when due, whether at maturity or earlier by reason of acceleration or otherwise,
<br />of any and all indebtedness, obligations and liabilities of the Borrower (and any and all
<br />successors of the Borrower) to the Lender, now or hereafter existing, absolute or contingent,
<br />independent, joint, several or joint and several, secured or unsecured, due or to become due,
<br />contractual or tortious, liquidated or unliquidated, arising by assignment or otherwise, including
<br />without limitation all indebtedness, obligations and liabilities owed by the Borrower (and any
<br />and all successors of the Borrower) as a member of any partnership, syndicate, association or
<br />other group, and whether incurredby the Borrower (or any successor of the Borrower) as
<br />principal, surety, endorser, guarantor, accommodation party or otherwise (collectively,the
<br />“Indebtedness”); and the Entity Guarantoragrees to pay on demand all of the Lender’s fees,
<br />costs, expenses and reasonable attorneys’fees in connection with the Indebtedness, any security
<br />therefor, and this guaranty, plus interest on such amounts at the highest rate then applicable to
<br />any of the Indebtedness.
<br />The Lender may at any time and from time to time, without consent of or notice to the
<br />Entity Guarantor, without incurring responsibility to the Entity Guarantor, without releasing,
<br />impairing or affecting the liability of the Entity Guarantorhereunder, upon or without any terms
<br />or conditions, and in whole or in part: (1) sell, pledge, surrender, compromise, settle, release,
<br />renew, subordinate, extend, alter, substitute, exchange, change, modify or otherwise dispose of
<br />or deal with in any manner and in any order any Indebtedness, any evidence thereof, or any
<br />security or other guaranty therefor; (2) accept any security for, or other guarantors of, any
<br />Indebtedness; (3) fail, neglect or omit to obtain, realize upon or protect any Indebtedness or any
<br />security therefor, to exercise any lien upon or right to any money, credit or property toward the
<br />liquidation of the Indebtedness, or to exercise any other right against the Borrower, the Entity
<br />Guarantor, any other guarantor or any other person; and (4) apply any payments and credits to
<br />the Indebtedness in any mannerand in any order. No act, omission or thing, except full payment
<br />and discharge of the Indebtedness, which but for this provision could act as a release or
<br />impairment of the liability of the Entity Guarantorhereunder, shall in any way release, impair or
<br />otherwise affect the liability of the Entity Guarantorhereunder, and the Entity Guarantorwaives
<br />any and all defenses of the Borrower pertaining to the Indebtedness, any evidence thereof, and
<br />any security therefor, except the defense of discharge by payment. The failure of any person or
<br />persons to sign this or any other guaranty shall not release, impair or affect the liability of the
<br />Entity Guarantorhereunder. This guaranty is a primary obligation of the Entity Guarantorand
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<br />477336v4 EL185-40
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