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<br />3 <br />EL185\81\983347.v1 <br />until written notice of revocation of this guaranty, executed by the Corporate Guarantor, has been received <br />by the Lender; provided, no revocation of this guaranty shall affect in any manner any liability of the <br />Corporate Guarantor under this guaranty with respect to Indebtedness arising before the Lender receives <br />such written notice of revocation, and the sole effect of revocation of this guaranty shall be to exclude from <br />this guaranty Indebtedness thereafter arising which is unconnected with Indebtedness theretofore arising or <br />transactions theretofore entered into. <br /> <br />Any invalidity or unenforceability of any provision or application of this guaranty shall not affect <br />other lawful provisions and applications hereof and to this end the provisions of this guaranty are declared <br />to be severable. This guaranty shall bind the Corporate Guarantor and the representatives, successors and <br />assigns of the Corporate Guarantor, and of each of them respectively, and shall benefit the Lender, its <br />successors and assigns. This guaranty shall be governed by and construed in accordance with the laws of <br />the State of Minnesota. <br /> <br />The Corporate Guarantor is or will be the occupant of certain property in the City of Elk River, <br />Minnesota (the “Property”). Borrower has acquired the Property and will be leasing it to the Corporate <br />Guarantor pursuant to a certain lease agreement (the “Lease”). Borrower and the Corporate Guarantor are <br />under common ownership. The Corporate Guarantor acknowledges and agrees that the Indebtedness is <br />being utilized by Borrower to finance the acquisition the Property and to renovate the Property for use by <br />the Corporate Guarantor and, therefore, the Corporate Guarantor’s obligations under this Guaranty are <br />proper, valid and enforceable. This Guaranty has been approved by unanimous consent of the board of <br />governors of the Corporate Guarantor. <br /> <br />THE ENTITY GUARANTOR REPRESENTS, CERTIFIES, WARRANTS AND AGREES <br />THAT THE UNDERSIGNED HAVE READ ALL OF THIS GUARANTY AND UNDERSTAND ALL <br />OF THE PROVISIONS OF THIS GUARANTY. THE ENTITY GUARANTOR ALSO AGREES THAT <br />COMPLIANCE BY THE LENDER WITH THE EXPRESS PROVISIONS OF THIS GUARANTY <br />SHALL CONSTITUTE GOOD FAITH AND SHALL BE CONSIDERED REASONABLE FOR ALL <br />PURPOSES. <br /> <br /> <br />MFS FOODS, INC. <br />a Minnesota corporation <br /> <br /> <br />By: <br />Name: Sarah Hartung <br />Its: <br /> <br />Page 104 of 124