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GUARANTY THIS GUARANTY (this "Guaranty ") is made as of March 15, 2012 by BRIAN R. WINGES, an individual residing in the State of Minnesota (the "Guarantor "), to and for the benefit of THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF RAMSEY, MINNESOTA, a public body politic and corporate under the laws of the State of Minnesota ( "Lender "). RECITALS A. Pursuant to that certain Limited Warranty Deed dated on or about the date hereof ( "Deed ") Lender conveyed to TOTI Holdings, LLC, a Minnesota limited liability company ( "Borrower ") certain real legally described as Lot 4, Block 1, COR ONE, Anoka County, Minnesota (the "Property "). In connection therewith, Seller has agreed to finance up to $705,582.50 of the purchase price of the Property (the "Loan "), as evidenced by that certain Promissory Note dated on or about the date hereof (the "Note "). Borrower's obligation to repay the Loan is secured by that certain Mortgage dated on or about the date hereof executed by Borrower in favor of Lender (the "Mortgage "). B. It is a condition precedent to the obligation of Lender to make the Loan that this Guaranty be executed and delivered by Guarantor. C. Guarantor is a member of Borrower, and Guarantor expects to derive benefits from the Loan and finds it in his best interests to execute and deliver this Guaranty to Lender. Now, therefore, in consideration of the making of the Loan and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Guarantor hereby covenants and agrees with Lender as follows: ARTICLE 1. GUARANTY. Section 1.1 Guaranty. Guarantor hereby absolutely and unconditionally guarantees to Lender the full and prompt payment when due of the principal of, all interest on, and all fees in respect of, all of the Loan, and the full and prompt payment and performance of any and all other obligations under the Note, whether all or any portion of such Loan and other obligations are now or hereafter existing, direct or indirect, related or unrelated, joint or several, or absolute or contingent, whether or not for the payment of money, and whether arising by reason of an extension of credit, loan or guarantee or in any other manner (all of the foregoing indebtedness, liabilities and obligations which are outstanding from time to time being hereinafter collectively referred to as the "Guaranteed Obligations "). Guarantor hereby absolutely and unconditionally guarantees to Lender the full and prompt payment and performance of the Guaranteed Obligations when the Guaranteed Obligations are due under the terms of the Note, including, without limitation, on the occurrence of an Event of Default (as defined in the Note), by reason of the maturity or acceleration of any of the Guaranteed Obligations, on the occurrence and continuance of a default under the terms of this Guaranty, or otherwise, and at any times after the date when due. Section 1.2 Limit On Guaranty. Notwithstanding any other provision of this Guaranty but subject to Section 1.3 below, Guarantor will in no event be required to pay to Lender under this Guaranty more than the total sum (the total sum being, the "Maximum Aggregate Liability ") of (a) $762,300.00, plus all accrued and unpaid interest on such amount and (b) all costs, expenses, fees and amounts described in Section 4.2. 4487552v3