Having a financial interest in applicant, and benefiting from the transactions contemplated by this agreement, hereby personally guarantees the payment by applicant to the company of all amounts, due and owing now, and from time to time hereafter. Guarantor expressly waives notice from the company of its acceptance and reliance on this personal guaranty, notice of sales made to applicant, and notice of default by applicant. The obligations of guarantor hereunder shall not be affected, excused, modified or impaired upon the happening from time to time of any event. No set-off, counterclaim or reduction of any obligation, or any defense of any kind or nature which the guarantor has or may have against applicant of the company shall be available hereunder to the guarantor against the company in the event of a default by applicant on its obligations to the company. The company may proceed directly to enforce its rights hereunder and shall have the right to proceed first against guarantor, without proceeding with, or exhausting any other remedies it may have. Guarantor agrees to pay all costs, expenses, and fees, including reasonable attorneys’ fees, which may be incurred by the company in enforcing this personal guaranty or protecting its rights following any default on the part of guarantor. Guarantor agrees that an interest charge of two percent (2%) per month, or the highest rate permitted by law, whichever is less shall be assessed on any amount due and owing to the company by guarantor under this personal guaranty until collected. This personal guaranty shall be binding upon guarantor, the guarantor’s heirs, successors, assigns, representatives and survivors, and shall inure to the benefit of the company, its successors and assigns. This personal guaranty shall be governed by and interpreted with the laws and decisions of the state of North Carolina and venue shall solely reside in North Carolina. If more than one, the obligations of the undersigned shall be joint and several.

Electronic Signatures. Any signature (including any electronic symbol or process attached to, or associated with, a contract or other record and adopted by a Person with the intent to sign, authenticate or accept such contract or record) hereto or to any other certificate, agreement or document related to this transaction, and any contract formation or record-keeping through electronic means shall have the same legal validity and enforceability as a manually executed signature or use of a paper-based record-keeping system to the fullest extent permitted by applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any similar state law based on the Uniform Electronic Transactions Act, and the parties hereby waive any objection to the contrary.