PERSONAL GUARANTY


          For
value received and intending to be legally bound, the undersigned, Bob Chance,
an individual residing at 2053 Pabco Road, Henderson, Nevada 89011 (the
“Guarantor”), (a) hereby becomes surety to Trafalgar Capital Specialized Investment
Fund, Luxembourg (the “Obligee”) to pay all amounts due pursuant to the
obligations of National Automation Services, Inc., a Nevada corporation, with
headquarters located at 2053 Pabco Road, Henderson, NV 89011 (the “Obligor”),
to Obligee, under the Security Agreement dated as of the date hereof, and its
successors, endorsees and assigns to which Obligee is a party, arising from
those certain secured redeemable debentures issued by the Obligor to the
Obligee pursuant to the Securities Purchase Agreement dated as of the date
hereof or arising from the Securities Purchase Agreement or from any of the
Transaction Documents, as defined therein (collectively, the “Obligations”),
and hereby: (a) guarantees the full and timely payment of the Obligations as
defined in the Security Agreement, including specifically all amounts due under
the secured redeemable debentures or any of the Transaction Documents, and all
extensions or renewals thereof, and all sums payable under or by virtue thereof
including, without limitation, all amounts of principal and interest and all
expenses (including attorneys’ fees and costs of collection) incurred in the
collection thereof, the enforcement of rights thereunder or with respect to any
security thereof and the enforcement hereof, and waive presentment, demand,
notice of dishonor, protest, notice of protest and all other notices
whatsoever; (b) waives and consents to any disposition of any collateral held
by the Obligee or otherwise; (c) consents and agrees that he is bound (except
as limited by Florida statutory law as amended from time to time) under the
Obligations as fully as though such Guarantor were a maker thereof; (d)
consents to the exercise by Obligee of each and every remedy permitted by law,
all without notice to or consent of and without affecting the liability of the
undersigned; and (e) further consents and agrees that he may be sued by Obligee
with or without joining any other parties to or guarantors of the Obligation,
whether primarily or secondarily liable, and without first or contemporaneously
suing or enforcing any security interest against any such other persons, or
otherwise seeking or proceeding to collect from him.


          The
Guarantor warrants and represents to the Obligee that: (i) this Guaranty
constitutes a legal, valid and binding obligation of such, and is fully
enforceable against the Guarantor in accordance with its terms, except to the
extent enforceability may be limited by bankruptcy, insolvency or other similar
laws affecting creditors’ rights generally; and (ii) neither the execution nor
delivery of this Guaranty by the Guarantor, nor fulfillment of nor compliance
with the terms and provisions hereof, will conflict with, or result in a breach
of the terms, conditions or provisions of, or constitute a default under any
agreement or instrument to which the Guarantor is now a party or by which
Guarantor may be bound, nor will result in the creation of any lien, charge or
encumbrance upon any of the Guarantor’s property or assets.


          The
Guarantor agrees that the liability of the Guarantor hereunder is present,
absolute, unconditional, continuing, primary, direct and independent of the
obligations of Obligor and any other Guarantor. Obligee shall not be required
to pursue or exhaust any other remedies before invoking the benefits of this
Guaranty. Nothing herein contained shall prevent Obligee, however, from suing
the Obligor with or without making the Guarantor a party to the suit, or from
exercising any other rights permitted by law, and if such suit or other remedy
is availed of, only the net proceeds therefrom, after deduction of all charges
and expenses of every kind and nature whatsoever, shall be applied in reduction
of the amount due on the Obligation, and Obligee shall not be required to
institute or prosecute proceedings to recover any deficiency as a condition of
payment hereunder or enforcement hereof. Upon default by Obligor, the liability
of the undersigned Guarantor shall be effective immediately and payable on
demand without any suit or action against Obligor or Guarantor. 


1






          Invalidity
and Construction. If any provision of this Guaranty contravenes or is held
invalid under the laws of any applicable jurisdiction, this Guaranty shall be
construed as though it did not contain that provision, and the rights and
liabilities of the parties to this Guaranty shall be construed and enforced
accordingly. This Guaranty shall be construed as to its fair meaning and not
strictly for or against Guarantor or Obligee.


          Notices,
Demand. Any notice, demand or request hereunder shall be in writing and shall
be deemed to have been validly given or made upon delivery, if personally
delivered, or on the date mailed, if mailed postage prepaid, by first class
mail, addressed to the party to be notified at the address set forth below, or
to such other address as any party may hereafter designate for itself or
himself by written notice to the other parties in the manner herein prescribed.


	
 

	
 

	
 


	
If to the
  Guarantor:

	
Bob Chance


	
 

	
2053 Pabco
  Road


	
 

	
Henderson,
  NV 89011


	
 

	
Telephone:
  (702) 642-7720


	
 

	
Facsimile:
  (702) 564-5411


	
 

	
 

	
 


	
With a copy
  to:

	
National
  Automation Services, Inc.


	
 

	
2053 Pabco
  Road


	
 

	
Henderson,
  NV 89011


	
 

	
Attention:
  Mr. Bob Chance, President


	
 

	
Telephone:
  (702) 642-7720


	
 

	
Facsimile:
  (702) 564-5411


	
 

	
 


	
And a copy
  to (which shall 

  not constitute notice):

	

Richardson & Patel, LLP


	
 

	
10900
  Wilshire Boulevard, Suite 500


	
 

	
Los Angeles,
  CA 90024


	
 

	
Attention:
  Peter Hogan, Esq.


	
 

	
Telephone:
  (310) 208-1182


	
 

	
Facsimile:
  (310) 208-1154


	
 

	
 


	
If to the
  Obligee:

	
Trafalgar
  Capital Specialized Investment Fund


	
 

	
8-10 Rue
  Mathias Hardt


	
 

	
BP 3023


	
 

	
L-1030
  Luxembourg


	
 

	
Attention:
  Andrew Garai, Chairman of the Board of 


	
 

	
Trafalgar
  Capital Sarl, General Partner 


	
 

	
Facsimile:

	
011-44-207-405-0161
  and


	
 

	
 

	
001-786-323-1651


	
 

	
 

	
 


	
With a copy
  to (which shall
not constitute notice):

	

James G.
  Dodrill II, P.A.


	
 

	
5800
  Hamilton Way


	
 

	
Boca Raton,
  FL 33496


	
 

	
Attention:

	
James
  Dodrill, Esq.


	
 

	
Telephone:

	
(561)
  862-0529


	
 

	
Facsimile:

	
(561)
  892-7787





2






          No
delay or omission in exercising any right hereunder shall operate as a waiver
of such right or any other right. Guarantor agrees to pay reasonable attorneys’
fees and all other costs and expenses that may be incurred by Obligee in the
enforcement of this Guaranty.


          In
the event either party shall bring any action against the other party pursuant
to this Agreement, the arbitrator or court shall have the right to grant the
prevailing party recovery from the other party all costs and expenses of such
action including, without limitation, administrative costs of the arbitration,
arbitrator’s fees, discovery costs, costs of investigation, related expenses,
and reasonable attorney’s fees and costs.


LITIGATION.


          Forum
Selection and Consent to Jurisdiction. Any litigation
based on or arising out of, under, or in connection with, this Guaranty shall
be brought and maintained exclusively in the federal courts of the State of
Florida. Each Guarantor hereby expressly and irrevocably submits to the jurisdiction
of the federal courts of the State of Florida for the purpose of any such
litigation as set forth above and irrevocably agrees to be bound by any final
judgment rendered thereby in connection with such litigation. Each Guarantor
irrevocably consents to the service of process by registered mail, postage
prepaid, or by personal service within or without the State of Florida. Each
Guarantor hereby expressly and irrevocably waives, to the fullest extent
permitted by law, any objection which Guarantor may have or hereafter may have
to the laying of venue of any such litigation brought in any such court
referred to above and any claim that any such litigation has been brought in
any inconvenient forum. To the extent that such Guarantor has or hereafter may
acquire any immunity from jurisdiction of any court or from any legal process
(whether through service or notice, attachment prior to judgment, attachment in
aid of execution or otherwise) with respect to itself or its property, such
Guarantor hereby irrevocably waives such immunity in respect of his obligations
under this Guaranty and the other loan documents.


          Waiver
of Jury Trial. The Guarantor hereby knowingly,
voluntarily and intentionally waives any rights he may have to a trial by jury
in respect of any litigation based hereon, or arising out of, under, or in
connection with, this Guaranty, or any course of conduct, course of dealing,
statements (whether oral or written) or actions of Guarantor or Obligee. The
Guarantor acknowledges and agrees that he has received full and sufficient
consideration for this provision and that this provision is a material
inducement for the Obligee making the loan to American Energy Resources
Corporation.


          This
Guaranty shall inure to the benefit of the Obligee, the Obligee’s successors
and assigns, and it shall be binding upon the Guarantor, his legal
representatives, heirs and assigns. 


3






MISCELLANEOUS.


          All
pronouns and any variations thereof used herein shall be deemed to refer to the
masculine, feminine, impersonal, singular or plural, as the identity of the
person or persons may require.


          This
Guaranty shall be assignable solely by the Obligee, and upon notice of such
assignment the Guarantor shall make payment to the assignee at the assignee’s
address.


          Neither
this Guaranty nor any provision hereof shall be waived, modified, changed,
discharged, terminated, revoked or canceled, except by an instrument in writing
signed by the Guarantor and Obligee.


          This
Guaranty shall be enforced, governed and construed in all respects in
accordance with the laws of the State of Florida, as such laws are applied by
Florida courts to agreements entered into, and to be performed in, Florida by
and between residents of Florida, and shall be binding upon the undersigned,
the undersigned’s heirs, estate, legal representatives, successors and assigns
and shall inure to the benefit of the Obligee, its successors and assigns. If
any provision of this Guaranty is invalid or unenforceable under any applicable
statue or rule of law, then such provisions shall be deemed inoperative to the
extent that it may conflict therewith and shall be deemed modified to conform
with such statute or rule of law. Any provision hereof that may prove invalid or
unenforceable under any law shall not affect the validity or enforceability of
any other provision hereof. 


          The
Guarantor has caused this instrument to be executed this 21 day of July 2008.


	
 

	
 

	
 


	
WITNESS

	
 

	
GUARANTOR


	
 

	
 

	
 


	


	
 

	



	
 

	
 

	
Bob Chance





4