PERSONAL GUARANTEE
In consideration of credit being extended by SYSTEM PACKAGING CO., INC. to the above named applicant for merchandise to be purchased whether applicant be an individual or individuals, a proprietorship, a partnership, a corporation or other entity, the undersigned guarantor or guarantors each hereby contract and guarantee to SYSTEM PACKAGING CO., INC. the faithful payment, when due, of all accounts of said applicant for the purchases made within five years next after the date of this application. The undersigned guarantor or guarantors each hereby expressly waive all notice of acceptance of this guarantee, notice of extension of credit to applicant, presentment, and demand for payment on applicant, protest and notice to undersigned guarantor or guarantors of dishonor or default by applicant or with respect to any security held by SYSTEM PACKAGING CO., INC. extension of time of payment to applicant, acceptance of partial payment or partial compromise, all other notices to which the undersigned guarantor or guarantors might otherwise be entitled and demand for payment under this guarantee. Absent written permission by creditor, this personal guarantee may not be revoked. This guaranty shall be construed under and governed by the laws of the State of California. The undersigned consents to the personal jurisdiction of the Federal and State Courts located in the State of California, waives any argument that such a forum is not convenient, and agrees that any litigation relating to the guarantee shall be venued in either the State or Federal courts in the State of California.
I hereby certify that the information contained herein is complete and accurate. This information has been furnished with the understanding that it is to be used to determine the amount and conditions of the credit to be extended. Furthermore, I hereby authorize the financial institutions listed in this credit application to release necessary information to the company for which credit is being applied for in order to verify the information contained herein.