Exhibit 10.38
GUARANTY
The undersigned, ▇▇▇▇▇▇▇▇ Technologies, Inc., is the parent corporation of
▇▇▇▇▇▇▇▇ Technologies of Iowa, Inc. and, as such, has a financial interest in
the affairs of ▇▇▇▇▇▇▇▇ Technologies of Iowa, Inc. ▇▇▇▇ ▇▇▇▇▇ is entering into a
Lease with ▇▇▇▇▇▇▇▇ Technologies of Iowa, Inc. in reliance upon this guaranty by
▇▇▇▇▇▇▇▇ Technologies, Inc.
The undersigned, for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, does hereby unconditionally and
without qualification guarantee the prompt, full and complete payment by Tenant
of all sums due Landlord and the prompt, full and complete performance of all
obligations of the Tenant pursuant to the Lease between ▇▇▇▇▇ Asset Management
Co., LLC, a Minnesota limited liability company, Landlord, and ▇▇▇▇▇▇▇▇
Technologies of Iowa, Inc., an Iowa corporation, Tenant, dated the 12 day of
September, 2003.
▇▇▇▇▇▇▇▇ TECHNOLOGIES, INC.
By: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇
▇▇▇▇▇▇ ▇▇▇▇▇, Its President