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PERSONAL GUARANTY
<br />(Nancy Brehmer)
<br />Elk River, Minnesota
<br />______________, 2018
<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 or
<br />without security, given or to be given or continued at any time and from time to time by the ECONOMIC
<br />DEVELOPMENT AUTHORITY OF THE CITY OF ELK RIVER(hereinafter called the "Lender") to or
<br />for the account of ALAN ARNOLD CORPORATION(hereinafter called the "Borrower"), the
<br />undersigned absolutely and unconditionally guarantees to the Lender the full and prompt payment when
<br />due, whether at maturity or earlier by reason of accelerationor otherwise, of any and all indebtedness,
<br />obligations and liabilities of the Borrower (and any and all successors of the Borrower) to the Lender,
<br />now or hereafter existing, absolute or contingent, independent, joint, several or joint and several, secured
<br />or unsecured, due or to become due, contractual or tortious, liquidated or unliquidated, arising by
<br />assignment or otherwise, including without limitation all indebtedness, obligations and liabilities owed by
<br />the Borrower (and any and all successors of theBorrower) as a member of any partnership, syndicate,
<br />association or other group, and whether incurred by the Borrower (or any successor of the Borrower) as
<br />principal, surety, endorser, guarantor, accommodation party or otherwise (hereinafter collectively referred
<br />to as the "Indebtedness"), undersigned agrees to pay on demand all of the Lender's fees, costs, expenses
<br />and reasonable attorneys' fees in connection with the Indebtedness, any security therefor, and this
<br />guaranty, plus interest on such amounts atthe highest rate then applicable to any of the Indebtedness.All
<br />capitalized terms not otherwise defined herein shall have the meanings set forth in the Amended and
<br />Restated Energy Efficiency Improvement Program Loan Agreement, dated the date hereof, by and
<br />between the Borrower and the Lender.
<br />The Lender may at any time and from time to time, without consent of or notice to the
<br />undersigned, without incurring responsibility to the undersigned, without releasing, impairing or affecting
<br />the liability of theundersigned hereunder, upon or without any terms or conditions, and in whole or in
<br />part: (1) sell, pledge, surrender, compromise, settle, release, renew, subordinate, extend, alter, substitute,
<br />exchange, change, modify or otherwise dispose of or deal within any manner and in any order any
<br />Indebtedness, any evidence thereof, or any security or other guaranty therefor; (2) accept any security for,
<br />or other guarantors of, any Indebtedness; (3) fail, neglect or omit to obtain, realize upon or protect any
<br />Indebtedness or any security therefor, to exercise any lien upon or right to any money, credit or property
<br />toward the liquidation of the Indebtedness, or to exercise any other right against the Borrower, the
<br />undersigned, any other guarantor or any other person; and (4) apply any payments and credits to the
<br />Indebtedness in the manner set forth in the Note. No act, omission or thing, except full payment and
<br />discharge of the Indebtedness, which but for this provision could act as a release or impairment of the
<br />liability of the undersigned hereunder, shall in any way release, impair or otherwise affect the liability of
<br />the undersigned hereunder, and the undersigned waives any and all defenses of the Borrower pertaining to
<br />the Indebtedness, any evidence thereof, andany security therefor, except the defense of discharge by
<br />payment. The failure of any person or persons to sign this or any other guaranty shall not release, impair
<br />or affect the liability of the undersigned hereunder. This guaranty is a primary obligation of the
<br />undersigned and the Lender shall not be required to first resort for payment of the Indebtedness to the
<br />Borrower or any other person, their properties or estates, or any security or other rights or remedies
<br />whatsoever. The undersigned shall be and remain liable for any deficiency remaining after foreclosure of
<br />any mortgage or security interest securing the Indebtedness, whether or not the liability of the Borrower
<br />or any other person for such deficiency is discharged pursuant to statute, judicial decision or otherwise.
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