2025-737-E-Economic Dev-Strides-Business Investment Grant

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Revision 07/25 FORM OF PERSONAL GUARANTY IN CONSIDERATION of the Grant made by Orange County, North Carolina (referred to below as the “County”) to Strides, PLLC, a North Carolina (corporation)/(limited liability company) (hereinafter referred to as “Grant Recipient”), Andrea Walker Morris, (hereinafter referred to as “Guarantor(s)”), each absolutely and unconditionally, guarantees to the County the completion of the project approved under that certain Orange County Economic Development Business Investment Grant Agreement dated December 18, 2025 with a Grant Award in the amount of $1,400.00, (hereinafter referred to as the “Grant Agreement”) which obligations and liability set forth therein are hereinafter referred to as the Guaranteed Obligations. The Guarantor hereby absolutely, irrevocably, and unconditionally guarantees to the County the performance and payment of any and all amounts, liabilities, and obligations now or hereafter owing by Grant Recipient to County under the Grant Agreement , including, without limitation, full reimbursement of the Grant Award, reasonable attorneys' fees and collection costs, and all other liabilities and obligations of Grant Recipient to County under the Grant Agreement all of which constitute Guaranteed Obligations. Guarantor agrees that Guarantor's liability under this Personal Guaranty will be primary and direct, and that County will not be required to pursue any right or remedy it may have against Grant Recipient under the Grant Agreement or otherwise (and will not be required to first commence any action or obtain any judgment against Grant Recipient) before enforcing this Personal Guaranty against Guarantor. The Guarantor expressly waives the following: Notice of the incurring of Guaranteed Obligations by the Grant Recipient; the acceptance of this Personal Guaranty by the County; presentment and demand for payment, protest, notice of protest and notice of dishonor or nonpayment of any instrument evidencing indebtedness of the Grant Recipient; any right to require suit against the Grant Recipient or any other party before enforcing this Personal Guaranty; and any right of subrogation to the County’s rights against the Grant Recipient until the Grant Recipient’s project is completed in full. Any notice to Guarantor by the County at any time shall not imply that such notice or any further or similar notice was or is required. The Guarantor hereby consents and agrees that renewals and extensions of time of payment, surrender, release, exchange, substitution, taking or release of other guarantees, abstaining from taking advantage of or realizing upon any collateral security by the County to the Grant Recipient or any other party, may be made, granted, and effected by the County without notice to each Guarantor and without in any manner affecting his or her liability hereunder. In the event that a petition in bankruptcy or reorganization of the Grant Recipient under the bankruptcy laws or for the appointment of a receiver for the Grant Recipient or any of its property is filed by or against the Grant Recipient, or if the Grant Recipient shall make an assignment for the benefit of creditors or shall become insolvent , the Guaranteed Obligations shall be deemed at the County’s election to have become immediately due and payable. Docusign Envelope ID: 6FD79A5B-CF43-4D89-9759-84EE954C97C9