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Lender Loan Number <br />Loan Name <br />Guarantors <br />Borrower <br />Lender <br />Date <br />Note Amount <br />EXHIBIT B <br />TO LOAN AGREEMENT <br />UNCONDITIONAL GUARANTEE <br />Tba <br />Koru Fitness, Inc. <br />Nicole Kutches <br />Gary Nereson <br />Koru Fitness, Inc., a Minnesota Corporation <br />The City of Ramsey, a Minnesota Municipal Corporation <br />November 13, 2012 <br />$34,500.00 <br />1. GUARANTEE: <br />Guarantors unconditionally guarantee payment to Lender of all amounts owing under the Note/Loan <br />Agreement. This guarantee shall be in effect until the Note is paid in full. Guarantors must pay all <br />amounts due under the Note when Lender makes written demand upon Guarantors. Lender is not <br />required to seek payment from any other source before demanding payment from Guarantors. <br />2. NOTE: <br />The "Note" is the promissory note dated December 1. 2012 in the principal amount of S34.500.00 and <br />no/100 Dollars, from Borrower to Lender. It includes any assumptions, <br />renewal, substitution, or replacement of the Note, and multiple notes under a line of credit. <br />3. DEFINITIONS: <br />"Collateral" means any property taken as security for payment of the Note or any guarantee of the <br />Note. <br />"Loan" means the loan evidenced by the Note. <br />"Loan Documents" and "Loan Agreement" means the documents related to the Loan signed by the <br />Borrower, Guarantors or anyone who pledges collateral. <br />Page 1/4 <br />