Exhibit
10.10


GUARANTY

(Continuing Debt - Limited)


DATE AND PARTIES.  The date of this Guaranty is January 9,
2007.  The parties and their addresses
are:


LENDER:

CENTRUE BANK

201 E. Main St.

Streator, Illinois 61364

Telephone:  (815) 673-3333


BORROWER:

NOVA BIOFUELS SENECA LLC

a Delaware Limited Liability Company

2777 ALLEN PARKWAY SUITE 860

HOUSTON, Texas 77019


GUARANTOR:

NOVA HOLDING SENECA LLC

a Delaware Limited Liability Company

111 N HIGGINS AVE SUITE 400

MISSOULA, Montana 59802


1.                                      DEFINITIONS.  As used in this Guaranty, the terms have the
following meanings:


A.                                    Pronouns.  The pronouns “I”, “me” and “my” refer to all
persons or entities signing this Guaranty, individually and together.  “You” and “your” refer to the Lender.


B.                                    Note.  “Note” refers to the document that evidences
the Borrower’s indebtedness, and any extensions, renewals, modifications and
substitutions of the Note.


C.                                    Property.  “Property” means any property, real, personal
or intangible, that secures performance of the obligations of the Note, Debt,
or this Guaranty.


2.                                      SPECIFIC
AND FUTURE DEBT GUARANTY.  For good
and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, and to induce you, at your option, to make loans or engage in any
other transactions with the Borrower from time to time, I absolutely and
unconditionally agree to all terms of and guaranty to you the payment and
performance of each and every Debt, of every type, purpose and description that
the Borrower either individually, among all or a portion of themselves, or with
others, may now or at any time in the future owe you, including, but not
limited to the following described Debt(s) including without limitation, all
principal, accrued interest, attorneys’ fees and collection costs, when 



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allowed by law, that may become due from the Borrower
to you in collecting and enforcing the Debt and all other agreements with
respect to the Borrower.


A promissory note or other agreement, No. 811006538,
dated January 9, 2007, from NOVA BIOFUELS SENECA LLC (Borrower) to you, in the
amount of $2,520,000.00.


In addition, Debt refers to debts, liabilities, and
obligations of the Borrower (including, but not limited to, amounts agreed to
be paid under the terms of any notes or agreements securing the payment of any
debt, loan, liability or obligation, overdrafts, letters of credit, guaranties,
advances for taxes, insurance, repairs and storage, and all extensions,
renewals, refinancings and modifications of these debts) whether now existing
or created or incurred in the future, due or to become due, or absolute or
contingent, including obligations and duties arising from the terms of all
documents prepared or submitted for the transaction such as applications,
security agreements, disclosures, and the Note.


My liability will not exceed $210,000.00 of the
principal amount outstanding at default, plus accrued interest, attorneys’ fees
and collection costs, when allowed by law, and all other costs, fees and
expenses agreed to be paid under all agreements evidencing the Debt and
securing the payment of the Debt.  You
may, without notice, apply this Guaranty to such Debt of the Borrower as you
may select from time to time.


3.                                      EXTENSIONS.  I consent to all renewals, extensions,
modifications and substitutions of the Debt which may be made by you upon such
terms and conditions as you may see fit from time to time without further
notice to me and without limitation as to the number of renewals, extensions,
modifications or substitutions.


A.                                    Future
Advances.  I waive notice of and
consent to any and all future advances made to the Borrower by you.


4.                                      UNCONDITIONAL
LIABILITY.  I am unconditionally
liable under this Guaranty, regardless of whether or not you pursue any of your
remedies against the Borrower, against any other maker, surety, guarantor or
endorser of the Debt or against any Property. 
You may sue me alone, or anyone else who is obligated on this Guaranty,
or any number of us together, to collect the Debt.  My liability is not conditioned on the
signing of this Guaranty by any other person and further is not subject to any
condition not expressly set forth in this Guaranty or any instrument executed
in connection with the Debt.  My
obligation to pay according to the terms of this Guaranty shall not be affected
by the illegality, invalidity or unenforceability of any notes or agreements
evidencing the Debt, the violation of any applicable usury laws, forgery, or
any other circumstances which make the indebtedness unenforceable against the
Borrower.  I will remain obligated to pay
on this Guaranty even if any other person who is obligated to pay the Debt,
including the Borrower, has such obligation discharged in bankruptcy,
foreclosure, or otherwise discharged by law.


5.                                      BANKRUPTCY.  If a bankruptcy petition should at any time
be filed by or against the Borrower, the maturity of the Debt, so far as my
liability is concerned, shall be accelerated and the Debt shall be immediately
payable by me.  I acknowledge and agree
that this Guaranty, and the Debt secured hereby, will remain in full force and
effect at all times, notwithstanding any 



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action or undertakings by, or against, you or against
any Property, in connection with any obligation in any proceeding in the United
States Bankruptcy Courts.  Such action or
undertaking includes, without limitation, valuation of Property, election of
remedies or imposition of secured or unsecured claim status upon claims by you,
pursuant to the United States Bankruptcy Code, as amended.  In the event that any payment of principal or
interest received and paid by any other guarantor, borrower, surety, endorser
or co-maker is deemed, by final order of a court of competent jurisdiction, to
have been a voidable preference under the bankruptcy or insolvency laws of the
United States or otherwise, then my obligation will remain as an obligation to
you and will not be considered as having been extinguished.


6.                                      REVOCATION.  I agree that this is an absolute and
unconditional Guaranty.  I agree that
this Guaranty will remain binding on me, whether or not there are any Debts
outstanding, until you have actually received written notice of my revocation
or written notice of my death or incompetence. 
Notice of revocation or notice of my death or incompetence will not
affect my obligations under this Guaranty with respect to any Debts incurred by
or for which you have made a commitment to Borrower before you actually receive
such notice, and all renewals, extensions, refinancings, and modifications of
such Debts.  I agree that if any other
person signing this Guaranty provides a notice of revocation to you, I will
still be obligated under this Guaranty until I provide such a notice of
revocation to you.  If any other person
signing this Guaranty dies or is declared incompetent, such fact will not
affect my obligations under this Guaranty.


7.                                      PROPERTY.  I agree that any Property may be assigned,
exchanged, released in whole or in part or substituted without notice to me and
without defeating, discharging or diminishing my liability.  My obligation is absolute and your failure to
perfect any security interest or any act or omission by you which impairs the
Property will not relieve me or my liability under this Guaranty.  You are under no duty to preserve or protect
any Property until you are in actual or constructive possession.  For purposes of this paragraph, you will only
be in “actual” possession when you have physical, immediate and exclusive
control over the Property and have accepted such control in writing.  Further, you will only be deemed to be in “constructive”
possession when you have both the power and intent to exercise control over the
Property.


8.                                      DEFAULT.  I will be in default if any of the following
occur:


A.                                    Payments.  I fail to make a payment in full when due.


B.                                    Insolvency
or Bankruptcy.  The death,
dissolution or insolvency of, appointment of a receiver by or on behalf of,
application of any debtor relief law, the assignment for the benefit of
creditors by or on behalf of, the voluntary or involuntary termination of
existence by, or the commencement of any proceeding under any present or future
federal or state insolvency, bankruptcy, reorganization, composition or debtor
relief law by or against me, Borrower, or any co-signer, endorser, surety or
guarantor of this Guaranty or any Debt.


C.                                    Business
Termination.  I merge, dissolve,
reorganize, end my business or existence, or a partner or majority owner dies
or is declared legally incompetent.



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D.                                    Failure
to Perform.  I fail to perform any
condition or to keep any promise or covenant of this Guaranty.


E.                                      Other
Documents.  A default occurs under
the terms of any other document relating to the Debt.


F.                                      Other
Agreements.  I am in default on any
other debt or agreement I have with you.


G.                                    Misrepresentation.  I make any verbal or written statement or provide
any financial information that is untrue, inaccurate, or conceals a material
fact at the time it is made or provided.


H.                                    Judgment.  I fail to satisfy or appeal any judgment
against me.


I.                                         Forfeiture.  The Property is used in a manner or for a
purpose that threatens confiscation by a legal authority.


J.                                      Name
Change.  I change my name or assume
an additional name without notifying you before making such a change.


K.                                    Property
Transfer.  I transfer all or a
substantial part of my money or property.


L.                                     Property
Value.  You determine in good faith
that the value of the Property has declined or is impaired.


M.                                  Material
Change.  Without first notifying you,
there is a material change in my business, including ownership, management, and
financial conditions.


N.                                    Insecurity.  You determine in good faith that a material
adverse change has occurred in my financial condition from the conditions set
forth in my most recent financial statement before the date of this Guaranty or
that the prospect for payment or performance of the Debt is impaired for any
reason.


9.                                      WAIVERS
AND CONSENT.  To the extent not
prohibited by law, I waive protest, presentment for payment, demand, notice of
acceleration, notice of intent to accelerate and notice of dishonor.


A.                                    Additional
Waivers.  In addition, to the extent
permitted by law, I consent to certain actions you may take, and generally
waive defenses that may be available based on these actions or based on the
status of a party to the Debt or this Guaranty.


(1)                                 You
may renew or extend payments on the Debt, regardless of the number of such
renewals or extensions.


(2)                                 You
may release any Borrower, endorser, guarantor, surety, accommodation maker or
any other co-signer.



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(3)                                 You
may release, substitute or impair any Property.


(4)                                 You,
or any institution participating in the Debt, may invoke your right of set-off.


(5)                                 You
may enter into any sales, repurchases or participations of the Debt to any
person in any amounts and I waive notice of such sales, repurchases or
participations.


(6)                                 I
agree that the Borrower is authorized to modify the terms of the Debt or any
instrument securing, guarantying or relating to the Debt.


(7)                                 You
may undertake a valuation of any Property in connection with any proceedings
under the United States Bankruptcy Code concerning the Borrower or me,
regardless of any such valuation, or actual amounts received by you arising
from the sale of such Property.


(8)                                 I
agree to consent to any waiver granted the Borrower, and agree that any delay
or lack of diligence in the enforcement of the Debt, or any failure to file a
claim or otherwise protect any of the Debt, in no way affects or impairs my
liability.


(9)                                 I
agree to waive reliance on any anti-deficiency statutes, through subrogation or
otherwise, and such statutes in no way affect or impair my liability.  In addition, until the obligations of the
Borrower to Lender have been paid in full, I waive any right of subrogation,
contribution, reimbursement, indemnification, exoneration, and any other right
I may have to enforce any remedy which you now have or in the future may have
against the Borrower or another guarantor or as to any Property.


Any Guarantor who is an “insider,”
as contemplated by the United States Bankruptcy Code, 11 U.S.C. 101, as
amended, makes these waivers permanently. 
(An insider includes, among others, a director, officer, partner, or
other person in control of the Borrower, a person or an entity that is a
co-partner with the Borrower, an entity in which the Borrower is a general
partner, director, officer or other person in control or a close relative of
any of these other persons.)  Any
Guarantor who is not an insider makes these waivers until all Debt is fully
repaid.


B.                                    No
Waiver By Lender.  Your course of
dealing, or your forbearance from, or delay in, the exercise of any of your
rights, remedies, privileges or right to insist upon my strict performance of
any provisions contained in the Debt instruments, shall not be construed as a
waiver by you, unless any such waiver is in writing and is signed by you.


C.                                    Waiver
of Claims.  I waive all claims for
loss or damage caused by your acts or omissions where you acted reasonably and
in good faith.


10.                               REMEDIES.  After the Borrower or I default, you may at
your option do any one or more of the following.



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A.                                    Acceleration.  You may make all or any part of the amount
owing by the terms of this Guaranty immediately due.


B.                                    Sources.  You may use any and all remedies you have
under state or federal law or in any documents relating to the Debt.


C.                                    Insurance
Benefits.  You may make a claim for
any and all insurance benefits or refunds that may be available on default.


D.                                    Payments
Made on the Borrower’s Behalf. 
Amounts advanced on the Borrower’s behalf will be immediately due and
may be added to the balance owing under the Debt.


E.                                      Set-Off.  You may use the right of set-off.  This means you may set-off any amount due and
payable under the terms of this Guaranty against any right I have to receive
money from you.


My right to receive money
from you includes any deposit or share account balance I have with you; any
money owed to me on an item presented to you or in your possession for
collection or exchange; and any repurchase agreement or other non-deposit
obligation.  “Any amount due and payable
under the terms of this Guaranty” means the total amount to which you are
entitled to demand payment under the terms of this Guaranty at the time you
set-off.


Subject to any other
written contract, if my right to receive money from you is also owned by
someone who has not agreed to pay the Debt, your right of set-off will apply to
my interest in the obligation and to any other amounts I could withdraw on my
sole request or endorsement.


Your right of set-off
does not apply to an account or other obligation where my rights arise only in
a representative capacity.  It also does
not apply to any Individual Retirement Account or other tax-deferred retirement
account.


You will not be liable
for the dishonor of any check when the dishonor occurs because you set-off
against any of my accounts.  I agree to
hold you harmless from any such claims arising as a result of your exercise of
your right of set-off.


F.                                      Waiver.  Except as otherwise required by law, by
choosing any one or more of these remedies you do not give up your right to use
any other remedy.  You do not waive a
default if you choose not to use a remedy. 
By electing not to use any remedy, you do not waive your right to later
consider the event a default and to use any remedies if the default continues
or occurs again.


11.                               COLLECTION
EXPENSES AND ATTORNEYS’ FEES.  On or
after Default, to the extent permitted by law, I agree to pay all expenses of
collection, enforcement or protection of your rights and remedies under this
Guaranty or any other document relating to the Debt.  To the extent permitted by law, expenses
include, but are not limited to, reasonable attorneys’ fees, court costs and
other legal expenses.  All fees and
expenses will be secured by the Property I have 



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granted to you, if any.  In addition, to the extent permitted by the
United States Bankruptcy Code, I agree to pay the reasonable attorneys’ fees
incurred by you to protect your rights and interests in connection with any
bankruptcy proceedings initiated by or against me.


12.                               WARRANTIES
AND REPRESENTATIONS.  I make to you
the following warranties and representations which will continue as long as
this Guaranty is in effect:


A.                                    Power.  I am duly organized, and validly existing and
in good standing in all jurisdictions in which I operate.  I have the power and authority to enter into
this transaction and to carry on my business or activity as it is now being
conducted and, as applicable, am qualified to do so in each jurisdiction in
which I operate.


B.                                    Authority.  The execution, delivery and performance of
this Guaranty and the obligation evidenced by this Guaranty are within my
powers, have been duly authorized, have received all necessary governmental
approval, will not violate any provision of law, or order of court or
governmental agency, and will not violate any agreement to which I am a party
or to which I am or any of my Property is subject.


C.                                    Name
and Place of Business.  Other than
previously disclosed in writing to you I have not changed my name or principal
place of business within the last 10 years and have not used any other trade or
fictitious name.  Without your prior
written consent, I do not and will not use any other name and will preserve my
existing name, trade names and franchises.


In addition, I represent and warrant that this
Guaranty was entered into at the request of the Borrower, and that I am
satisfied regarding the Borrower’s financial condition and existing
indebtedness, authority to borrow and the use and intended use of all Debt
proceeds.  I further represent and
warrant that I have not relied on any representations or omissions from you or
any information provided by you respecting the Borrower, the Borrower’s
financial condition and existing indebtedness, the Borrower’s authority to
borrow or the Borrower’s use and intended use of all Debt proceeds.


13.                               RELIANCE.  I acknowledge that you are relying on this
Guaranty in extending credit to the Borrower, and I have signed this Guaranty
to induce you to extend such credit.  I
represent and warrant to you that I have a direct and substantial economic
interest in the Borrower and expect to derive substantial benefits from any
loans and financial accommodations resulting in the creation of indebtedness
guarantied hereby, and that this Guaranty is given for a business purpose.  I agree to rely exclusively on the right to
revoke this Guaranty prospectively as to future transactions in the manner as
previously described in this Guaranty if at any time, in my opinion or the
opinion of the directors or officers of my business, the benefits then being
received by me in connection with this Guaranty are not sufficient to warrant
the continuance of this Guaranty.  You
may rely conclusively on a continuing warranty that I continue to be benefited
by this Guaranty and you will have no duty to inquire into or confirm the
receipt of any such benefits, and this Guaranty will be effective and
enforceable by you without regard to the receipt, nature or value of any such
benefits.



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14.                               APPLICABLE
LAW.  This Guaranty is governed by
the laws of Illinois, the United States of America, and to the extent required,
by the laws of the jurisdiction where the Property is located, except to the
extent such state laws are preempted by federal law.


15.                               AMENDMENT,
INTEGRATION AND SEVERABILITY.  This
Guaranty may not be amended or modified by oral agreement.  No amendment or modification of this Guaranty
is effective unless made in writing and executed by you and me.  This Guaranty is the complete and final expression
of the agreement.  If any provision of
this Guaranty is unenforceable, then the unenforceable provision will be
severed and the remaining provisions will still be enforceable.


16.                               ASSIGNMENT.  If you assign any of the Debts, you may
assign all or any part of this Guaranty without notice to me or my consent, and
this Guaranty will inure to the benefit of your assignee to the extent of such
assignment.  You will continue to have
the unimpaired right to enforce this Guaranty as to any of the Debts that are
not assigned.  This Guaranty shall inure
to the benefit of and be enforceable by you and your successors and assigns and
any other person to whom you may grant an interest in the Debts and shall be
binding upon and enforceable against me and my personal representatives,
successors, heirs and assigns.


17.                               INTERPRETATION.  Whenever used, the singular includes the
plural and the plural includes the singular. 
The section headings are for convenience only and are not to be used to
interpret or define the terms of this Guaranty.


18.                               NOTICE,
FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. 
Unless otherwise required by law, any notice will be given by delivering
it or mailing it by first class mail to the appropriate party’s address listed
in the DATE AND PARTIES section, or to any other address designated in
writing.  Notice to one Guarantor will be
deemed to be notice to all Guarantors.  I
will inform you in writing of any change in my name, address or other
application information.  I will provide
you any financial statement or information you request.  All financial statements and information I
give you will be correct and complete.  I
agree to sign, deliver, and file any additional documents or certifications
that you may consider necessary to perfect, continue, and preserve my
obligations under this Guaranty and to confirm your lien status on any
Property.  Time is of the essence.


19.                               CREDIT
INFORMATION.  I agree that from time
to time you may obtain credit information about me from others, including other
lenders and credit reporting agencies, and report to others (such as a credit reporting
agency) your credit experience with me. 
I agree that you will not be liable for any claim arising from the use
of information provided to you by others or for providing such information to
others.


20.                               ADDITIONAL
TERMS.  FINANCIAL STATEMENTS.  I will prepare and maintain my financial
records using consistently applied generally accepted accounting principles
then in effect.  I will provide you with
financial information in a form that you accept and under the following terms.


A.                                    Certification.  I represent and warrant that any financial
statements that I provide you fairly represents my financial condition for the
stated periods, is current, complete, true and accurate in all material
respects, includes all of my direct or contingent liabilities 



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and there has been no
material adverse change in my financial condition, operations or business since
the date the financial information was prepared.


B.                                    Frequency.  Annually, I will provide to you my financial
statements, tax returns, annual internal audit reports or those prepared by
independent accountants as soon as available or at least within 90 days after
the close of each of my fiscal years. 
Any annual financial statements that I provide you will be prepared statements.


C.                                    Interim
Financial Reports.  Each fiscal
quarter, I will provide to you my financial statements, internal audit reports
or those prepared by independent accountants, tax reports, statements of cash
flow, budgets and forecasts, certificates and schedules of Property as soon as
available or at least within 30 days after the close of this business
period.  Any interim financial statements
that I provide you will be prepared statements.


D.                                    Minimum
Tangible Net Worth.  I will maintain
at all times a tangible net worth, determined under consistently applied
generally accepted accounting principles, of 250,000.00 or more.  Tangible net worth is the amount that total
assets exceed total liabilities.  For
determining tangible net worth, total assets will exclude all intangible
assets, including without limitation goodwill, patents, trademarks, trade
names, copyrights, and franchises, and will also exclude all Accounts
Receivable, owed by my Insiders, that do not provide for the repayment
schedule.


GUARANTOR’S LIABILITY UNAFFECTED.


I hereby agree and acknowledge that in one or more
instances and from time to time before, during or after the occurrence of a
Default or any notice of termination hereof, with or without notice to or
further assent from me and without affecting or in any way impairing my
liability hereunder, you may (i) renew, compromise, extend, accelerate or
otherwise change the time of payment or the terms of any of the Debt or any
part thereof, including, without limitation, increasing or decreasing the rate
of interest thereon; (ii) modify, supplement, extend, or amend in any manner,
or terminate, any contract or agreement to which any Borrower or any other
guarantor or person is a party; (iii) sell, exchange, surrender, compromise or
release any Property at any time held by or available to you as security for
all or any part of the Debt or for any obligation of any other guarantor or
person; (iv) change, alter, renew, extend, continue, surrender, compromise,
waive, terminate or release all or any part of the Debt; (v) waive any Default;
(vi) refrain from setting off and/or release, in whole or in part, any deposit
account or credit on your books in favor of any Borrower or any other guarantor
or person; (vii) extend further credit in any manner whatsoever to any
Borrower; and (viii) generally deal with any Borrower or any other guarantor or
person or any Property as you may, in your sole and absolute discretion,
determine.  I AGREE THAT NOTWITHSTANDING
ANY OF THE FOREGOING ACTIONS (OR FAILURE TO ACT) ON YOUR PART, I SHALL REMAIN
BOUND UNDER THIS GUARANTY AND THAT MY OBLIGATIONS HEREUNDER SHALL NOT BE
AFFECTED BY THE RECOVERY OF ANY JUDGMENT AGAINST ANY BORROWER OR ANY OTHER
GUARANTOR OR PERSON OR BY ANY ACTION TO ENFORCE SUCH JUDGMENT OR BY ANY OTHER
FACTS OR CIRCUMSTANCES WHICH MIGHT OTHERWISE CONSTITUTE A LEGAL OR EQUITABLE
DISCHARGE OR DEFENSE OF A GUARANTOR OR SURETY. 
I AGREE THAT THIS GUARANTY SHALL REMAIN IN 



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FULL FORCE AND EFFECT AND WILL NOT BE DISCHARGED
EXCEPT BY THE COMPLETE PAYMENT AND PERFORMANCE OF ALL DEBT IN ACCORDANCE WITH
THE RESPECTIVE TERMS THEREOF AND BY THE COMPLETE PAYMENT AND PERFORMANCE OF MY
OBLIGATIONS AND UNDERTAKINGS CONTAINED HEREIN. 
I FURTHER AGREE THAT THE INVALIDITY, IRREGULARITY OR UNENFORCEABILITY OF
ALL OR ANY PART OF THE DEBT OR ANY PROPERTY HELD AS SECURITY THEREFOR SHALL NOT
AFFECT, IMPAIR OR BE A DEFENSE TO THIS GUARANTY OR AFFECT IN ANY MANNER MY
LIABILITY HEREUNDER.


NO DUTY OF DISCLOSURE.


I am presently informed as to the financial condition
of each Borrower and as to all other facts and circumstances which bear on the
risk that any Borrower or any other guarantor or person liable for payment of
the Debt might not pay the Debt.  I
promise that I will continue to keep myself informed as to the financial condition
of each Borrower, the financial condition of other guarantors, if any, and all
other circumstances which bear on the risk of nonpayment.  I waive any right I may have to require you
to disclose any information which you may now have or hereafter acquire
concerning the financial condition of any Borrower, the financial condition of
other guarantors and/or circumstances bearing upon the risk of nonpayment,
including, but not limited to, your release of any other guarantor or any other
guarantor’s revocation of, or disavowal of liability under, this or any other
guaranty of the Debt or any part thereof.


GUARANTY OF PAYMENT - WAIVER.


I expressly agree and acknowledge that this is a
guaranty of payment and not of collection. 
I expressly waive any right I may have (i) to require that you bring an
action against any Borrower or any other guarantor or person; (ii) to require
that you realize upon, dispose of, or set off any Property or any deposit
account or any credit on your books in favor of any Borrower or any other
guarantor or person; or (iii) to require that you exercise any other right or
remedy which may be available to you.  I
further expressly waive (iv) notice of the acceptance of this Guaranty and of
extensions of credit or any other financial accommodations you may extend to
the Borrower; (v) presentment and demand for payment of any of the Debt; (vi)
protest and notice of dishonor or default to me or any other guarantor or
person with respect to any of the Debt; (vii) any demand for payment under this
Guaranty; (viii) until all Debt is paid in full completely performed, any right
of subrogation to any of your rights against any Borrower or other guarantor or
person or any Property securing the Debt and any right of reimbursement,
indemnity or other recourse against any Borrower or other guarantor or person;
and (ix) any defenses available to a guarantor or surety under the laws of the
State of Illinois.


INFORMATION TO BE PROVIDED.


I agree:  (i)
promptly upon the filing thereof, to provide you with a complete “as filed”
copy (including all schedules and attachments) of my individual U.S. income tax
return; (ii) on or before March 1st of each year, to provide you with a
detailed balance sheet identifying all of my assets, liabilities and contingent
liabilities; (iii) from time to time, to promptly furnish you with such
information concerning my financial condition as you may reasonably request;
and (iv) to 



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promptly notify you of any condition or event which
constitutes, or would constitute, with the passage of time or the giving of
notice or both, a Default.


EVIDENCE OF BORROWER’S INDEBTEDNESS.


I agree that the amount of any Debt owed to you by any
Borrower as reflected from time to time on your books and records (in whatever
form they may be kept or maintained) shall be admissible in any action or
proceeding against me under this Guaranty and shall be conclusive evidence of
such amount owed.


LEGALLY ENFORCEABLE.


I hereby represent and warrant that all acts,
conditions and things required to be done and performed and to have happened
prior to the creation and issuance of this Guaranty, and to constitute the same
as my valid and legally binding obligation in accordance with its terms, have
been done and performed and have happened in due and strict compliance with all
applicable laws.  [If the Guarantor is a
corporation or limited liability company, then and in such event, the Guarantor
expressly represents and warrants to the Lender that the execution and delivery
of this Guaranty have been duly authorized by resolutions heretofore duly adopted
by its board of directors, managers or other governing body in accordance with
all applicable bylaws, shareholder agreements or operating agreements, that
said resolutions have not been amended or rescinded, are in full force and
effect, and that the officers or managers of the Guarantor executing and
delivering this Guaranty, for and on behalf of the Guarantor, are duly
authorized and empowered to so act.]  I
understand and acknowledge that you are expressly relying on the aforesaid
representations and warranties in accepting this Guaranty and in extending
credit to the Borrower.


GOVERNING LAW - JURY WAIVER - JURISDICTION -
VENUE.


I agree that this Guaranty is and shall be deemed to
be a contract entered into and made pursuant to the laws of the State of
Illinois and shall in all respects be governed, construed, applied and enforced
in accordance with the laws of said state. 
I HEREBY IRREVOCABLY WAIVE ANY RIGHT TO A JURY TRIAL IN ANY ACTION OR
PROCEEDING BROUGHT IN CONNECTION WITH THIS GUARANTY, THE NOTE OR ANY OF THE
LOAN DOCUMENTS OR ARISING OUT OF OR IN ANY WAY RELATED TO ANY DISPUTE OR
CONTROVERSY IN CONNECTION WITH THIS GUARANTY, THE NOTE OR ANY OF THE LOAN
DOCUMENTS.  I CONSENT AND SUBMIT TO THE
JURISDICTION OF THE CIRCUIT COURT OF LASALLE COUNTY ILLINOIS AND AGREE THAT ANY
ACTION OR PROCEEDING IN CONNECTION WITH THIS GUARANTY, THE NOTE OR ANY OF THE
LOAN DOCUMENTS IN CONNECTION WITH ANY DISPUTE OR CONTROVERSY ARISING THEREFROM
SHALL BE BROUGHT IN SUCH COURT AND PROPERLY VENDED THEREIN.


SEVERABILITY.


Wherever possible, each provision of this Guaranty
shall be interpreted in such manner as to be effective and valid under
applicable law.  Should any portion of
this Guaranty be declared invalid for any reason in any jurisdiction, such
declaration shall have no effect upon the 



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remaining portions of this Guaranty; furthermore, the
entirety of this Guaranty shall continue in full force and effect in all other
jurisdictions and said remaining portions of this Guaranty shall continue in
full force and effect in the subject jurisdiction as if this Guaranty had been
executed with the invalid portions thereof deleted.


SECURITY INTEREST IN DEPOSIT ACCOUNTS.


To secure (i) payment of the Debt and any other loans,
indebtedness or obligations that any Borrower or I may now or at any time in
the future owe you and (ii) the performance of my promises and undertakings
hereunder, I grant to you a security interest in all of my deposit accounts.


ADDITIONAL TERMS RELATED TO CONFESSION OF
JUDGMENT.


I hereby waive and release any and all claims or
causes of action which I might have against any attorney acting under the terms
of the authority which I have granted herein arising out of in connection with
the confession of any judgment hereunder.


21.                               SIGNATURES.  By signing, I agree to the terms contained in
this Guaranty.  I also acknowledge
receipt of a copy of this Guaranty.


 


	
  GUARANTOR:  

  
	
   

  
	
   

  	
  NOVA HOLDING SENECA LLC 

  
	
   

  
	
   

  
	
   

  	
  By:

  	
  /s/ Dallas Neil  

  	
   

  
	
   

  	
  Dallas Neil,
  Manager

  
						



 


ACKNOWLEDGMENT.

(Business or Entity)


                               
OF                              ,
                                
OF
                            
ss.


This instrument
was acknowledged before me this
                 
day of
                      ,
                
by Dallas Neil - Manager of NOVA HOLDING SENECA LLC a Limited Liability Company
on


behalf of the Limited Liability Company.


My commission expires:


 


	
  

  	
   

  	
   

  
	
   

  	
  (Notary Public)

  



 



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