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The undersigned hereby personally and unconditionally guarantees to Sanel NAPA (hereinafter called “the Corporation”) the prompt payment when due of every claim which may hereafter arise in favor of the Corporation against the applicant. This is a continuing guaranty and shall remain in force until revoked by me in writing to the Corporation. Any such revocation shall be effective only as to claims of the Corporation which arise out of transactions entered into after the receipt of said notice of revocation by the Corporation. In the event of more than one (1) guarantor, liability shall be joint and several. This guaranty is given by the undersigned and to induce the Corporation to extend credit to the applicant(s).