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<br />EL185\40\720999.v1
<br />AMENDED AND RESTATED ENTITY GUARANTY
<br />(Microloan)
<br />
<br />Elk River, Minnesota
<br />May , 2021
<br />
<br />
<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. (the
<br />“Entity Guarantor”) absolutely and unconditionally guarantees to the Lender the full and prompt
<br />payment when due, whether at maturity or earlier by reason of acceleration or otherwise, of any
<br />and all indebtedness, obligations and liabilities of the Borrower (and any and all successors of the
<br />Borrower) to the Lender, now or hereafter existing, absolute or contingent, independent, joint,
<br />several or joint and several, secured or unsecured, due or to become due, contractual or tortious,
<br />liquidated or unliquidated, arising by assignment or otherwise, including without limitation all
<br />indebtedness, obligations and liabilities owed by the Borrower (and any and all successors of the
<br />Borrower) as a member of any partnership, syndicate, association or other group, and whether
<br />incurred by the Borrower (or any successor of the Borrower) as principal, surety, endorser,
<br />guarantor, accommodation party or otherwise (collectively, the “Indebtedness”); and the Entity
<br />Guarantor agrees to pay on demand all of the Lender’s fees, costs, expenses and reasonable
<br />attorneys’ fees in connection with the Indebtedness, any security therefor, and this guaranty, plus
<br />interest on such amounts at the highest rate then applicable to any of the Indebtedness.
<br />
<br />The Lender may at any time and from time to time, without consent of or notice to the Entity
<br />Guarantor, without incurring responsibility to the Entity Guarantor, without releasing, impairing
<br />or affecting the liability of the Entity Guarantor hereunder, upon or without any terms or
<br />conditions, and in whole or in part: (1) sell, pledge, surrender, compromise, settle, release, renew,
<br />subordinate, extend, alter, substitute, exchange, change, modify or otherwise dispose of or deal
<br />with in any manner and in any order any Indebtedness, any evidence thereof, or any security or
<br />other guaranty therefor; (2) accept any security for, or other guarantors of, any Indebtedness; (3)
<br />fail, neglect or omit to obtain, realize upon or protect any Indebtedness or any security therefor, to
<br />exercise any lien upon or right to any money, credit or property toward the liquidation of the
<br />Indebtedness, or to exercise any other right against the Borrower, the Entity Guarantor, any other
<br />guarantor or any other person; and (4) apply any payments and credits to the Indebtedness in any
<br />manner and in any order. No act, omission or thing, except full payment and discharge of the
<br />Indebtedness, which but for this provision could act as a release or impairment of the liability of
<br />the Entity Guarantor hereunder, shall in any way release, impair or otherwise affect the liability of
<br />the Entity Guarantor hereunder, and the Entity Guarantor waives any and all defenses of the
<br />Borrower pertaining to the Indebtedness, any evidence thereof, and any security therefor, except
<br />the defense of discharge by payment. The failure of any person or persons to sign this or any other
<br />guaranty shall not release, impair or affect the liability of the Entity Guarantor hereunder. This
<br />guaranty is a primary obligation of the Entity Guarantor and the Lender shall not be required to
<br />first resort for payment of the Indebtedness to the Borrower or any other person, their properties
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