In consideration of credit being granted to the applicant, the undersigned, authorized officer or agent of the applicant hereby guarantees the due payment of all outstanding accounts, which may be due, and owing by the applicant to Onward Manufacturing Company Limited. The undersigned further agrees that Onward Manufacturing Company Limited may grant extensions, take and give up securities, grant releases and discharges or otherwise deal with the applicant as it may see fit without prejudice to or in any way limiting the liability of the undersigned. This guarantee shall be a continuing guarantee and shall cover all the liabilities, which the applicant may incur in relation to purchases from Onward Manufacturing Company Limited. This guarantee shall extend to and enure to the benefit of the successors and assigns of Onward Manufacturing Company Limited and shall be binding upon the undersigned, (his/her) heirs, executors, administrators and assigns.

The undersigned will agree that goods purchased from Onward Manufacturing Company Limited will only be sold from the location listed previously, unless written authorization is given. Violation of this may result in termination of the business relationship between Onward Manufacturing Company Limited and the applicant.