TERMINATING FUTURE OBLIGATIONS UNDER CONTINUING GUARANTEE

TERMINATING FUTURE OBLIGATIONS UNDER CONTINUING GUARANTEE

[DATE, ex. Wednesday, June 11, 1998]

[NAME, BANK AND ADDRESS, ex.
John Smith
XYZ Bank
1234 First Street
Suite 567
Anycity, Anystate 85245]

Dear [NAME, ex. John Smith],

We refer to the continuing Guarantee dated [DATE OF GUARANTEE, ex. January 15, 1996] given by us to you pursuant to which we guaranteed the ongoing obligations of [NAME OF OBLIGOR WHOSE INDEBTEDNESS WAS GUARANTEED, ex. ABC Corp.]

Please accept this letter as formal notification to you that we are terminating all future obligations under the Guarantee effective [DATE OF TERMINATION OF OBLIGATIONS UNDER GUARANTEE, ex. September 30, 1998].

This termination notice is given to you in accordance with the terms and conditions of the Guarantee.

Sincerely,

[YOUR NAME, ex. Jill Jones]