This conditional guaranty is undertaken on [Date], by _________ of _________, city of _________, county of _________, state of _________, herein referred to as obligee. In consideration of $_____, the receipt of which is acknowledged, and other valuable consideration and only upon the occurrence of the express condition precedent set forth below, guarantor by this means conditionally guarantees the collection of a sum not to exceed $_____ now owing or hereafter to be incurred by _________ of _________, city of _________, county of _________, state of _________, referred to here as principal obligor.

For purposes of this undertaking, any of the following events will constitute a fraudulent conveyance by principal obligor:

(a) Any conveyance, for consideration or otherwise, of legal or equitable interest in real property by principal debtor without written permission of guarantor; or

(b) Any conveyance by principal debtor which is subject to the provisions of _________(state statutory enactment of UCC §_________; or

(c) Any conveyance of more than _________ percent for consideration or otherwise, of legal or equitable interest in the following described personal property of principal debtor without written approval of guarantor. [Description of property].

In witness, guarantor has executed this guaranty on the day and year first above written in _________.