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ENTITY GUARANTY
<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 without
<br />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") toor
<br />for the account of ALAN ARNOLD CORPORATION (hereinafter collectively called the "Borrower"), the
<br />undersigned absolutely and unconditionally guarantees to the Lender the full and prompt payment when due,
<br />whether at maturity or earlier by reason of acceleration or otherwise, of any and all indebtedness,obligations
<br />andliabilitiesoftheBorrower(andanyandallsuccessorsoftheBorrower)tothe Lender, now or hereafter
<br />existing, absolute or contingent, independent, joint, several or joint and several, secured or unsecured, due or
<br />to become due, contractual or tortious, liquidated or unliquidated, arising by assignment or otherwise,
<br />including without limitation all indebtedness, obligations and liabilities owed by the Borrower (and any and
<br />all successors of the Borrower) as a member of any partnership, syndicate, association or other group, and
<br />whether incurred by the Borrower (or any successorof the Borrower) as principal, surety, endorser,
<br />guarantor, accommodation party or otherwise (hereinafter collectively referred to as the "Indebtedness");
<br />and the undersigned agrees to pay on demand all of the Lender's fees, costs, expensesandreasonable
<br />attorneys'feesinconnectionwiththeIndebtedness, anysecuritytherefor,andthis guaranty,plusintereston
<br />suchamountsatthehighestratethenapplicabletoanyoftheIndebtedness.All capitalized terms not
<br />otherwise defined herein shall have the meanings set forth in the Amended and Restated Energy Efficiency
<br />Improvement Program Loan Agreement, dated the date hereof, by and between the Borrower and the
<br />Lender.
<br />The Lender may at any time and from time to time, without consent of or notice to the undersigned,
<br />without incurring responsibility to the undersigned, without releasing, impairing or affecting theliabilityof
<br />theundersignedhereunder,uponorwithoutanytermsorconditions,andinwholeorinpart:(1) sell, pledge,
<br />surrender, compromise, settle, release, renew, subordinate, extend, alter, substitute, exchange, change,
<br />modify or otherwise dispose of or deal with in any manner and in any order any Indebtedness, any evidence
<br />thereof, or any 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 security
<br />therefor, to exercise any lien uponor right to any money, credit or property toward the liquidation of the
<br />Indebtedness, or to exercise any other right against the Borrower, the undersigned, any other guarantor or
<br />any other person; and (4) apply any payments and credits to the Indebtednessin any manner and in any
<br />order. No act, omission or thing, except full payment and dischargeof the Indebtedness, which but for this
<br />provision could act as a release or impairment of the liability of the undersigned hereunder, shall in any way
<br />release, impair or otherwise affect the liability of the undersigned hereunder, and the undersigned waives any
<br />and all defenses of the Borrower pertaining to the Indebtedness, any evidence thereof, and any security
<br />therefor, except the defense of discharge by payment.The failure of any person or persons to sign this or any
<br />other guaranty shall not release impair or affect the liability of the undersigned hereunder. This guaranty is a
<br />primary obligation of the undersigned and the Lender shall not be required to first resort for payment of the
<br />Indebtedness to the Borrower or any other person, their properties or estates, or any security or other rights
<br />or remedies whatsoever. The undersigned shall be and remain liable for any deficiency remaining after
<br />foreclosure of any mortgage or securityinterestsecuringtheIndebtedness,whetherornottheliabilityofthe
<br />Borroweroranyother person forsuchdeficiencyisdischargedpursuanttostatute,judicialdecisionor
<br />otherwise.
<br />The liability of the undersigned under this guaranty is joint and several and is in addition to and shall
<br />be cumulative with all other liabilities of the undersigned to the Lender, as guarantor or otherwise, without
<br />any limitation as to amount, unless the writing evidencing or creating such other liability
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