Document:

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                                                                    EXHIBIT 10.5

                               SUBSIDIARY GUARANTY

New York, New York                                                 June 30, 2006

         FOR VALUE RECEIVED, and in consideration of note purchases from, or
credit otherwise extended or to be extended by Laurus Master Fund, Ltd.
("Laurus") to or for the account of Able Energy, Inc., a Delaware corporation
(the "Company") from time to time and at any time and for other good and
valuable consideration and to induce Laurus, in its discretion, to purchase such
notes or make other extensions of credit and to make or grant such renewals,
extensions, releases of collateral or relinquishments of legal rights as Laurus
may deem advisable, each of the undersigned (and each of them if more than one,
the liability under this Guaranty being joint and several) (jointly and
severally referred to as "Guarantors" or "the undersigned") unconditionally
guaranties to Laurus, its successors, endorsees and assigns the prompt payment
when due (whether by acceleration or otherwise) of all present and future
obligations and liabilities of any and all kinds of each Company to Laurus and
of all instruments of any nature evidencing or relating to any such obligations
and liabilities upon which such Company or one or more parties and such Company
is or may become liable to Laurus, whether incurred by such Company as maker,
endorser, drawer, acceptor, guarantors, accommodation party or otherwise, and
whether due or to become due, secured or unsecured, absolute or contingent,
joint or several, and however or whenever acquired by Laurus, whether arising
under, out of, or in connection with (i) that certain Securities Purchase
Agreement dated as of the date hereof by and between the Parent and Laurus (the
"Securities Purchase Agreement") and (ii) each Related Agreement referred to in
the Securities Purchase Agreement (the Securities Purchase Agreement and each
Related Agreement, as each may be amended, modified, restated and/or
supplemented from time to time, are collectively referred to herein as the
"Documents"), or any documents, instruments or agreements relating to or
executed in connection with the Documents or any documents, instruments or
agreements referred to therein, or any other obligations or liabilities of such
Company to Laurus related to the Documents, whether now existing or hereafter
arising, direct or indirect, liquidated or unliquidated, absolute or contingent,
due or not due and whether under, pursuant to or evidenced by a note, agreement,
guaranty, instrument or otherwise (all of which are herein collectively referred
to as the "Obligations"), and irrespective of the genuineness, validity,
regularity or enforceability of such Obligations, or of any instrument
evidencing any of the Obligations or of any collateral therefor or of the
existence or extent of such collateral, and irrespective of the allowability,
allowance or disallowance of any or all of the Obligations in any case commenced
by or against any Company under Title 11, United States Code, including, without
limitation, obligations or indebtedness of any Company for post-petition
interest, fees, costs and charges that would have accrued or been added to the
Obligations but for the commencement of such case. Terms not otherwise defined
herein shall have the meaning assigned such terms in the Securities Purchase
Agreement. In furtherance of the foregoing, the undersigned hereby agrees as
follows:

         1. NO IMPAIRMENT. Laurus may at any time and from time to time, either
before or after the maturity thereof, without notice to or further consent of
the undersigned, extend the time of payment of, exchange or surrender any
collateral for, renew or extend any of the Obligations or increase or decrease
the interest rate thereon, or any other agreement with any Company or with any
other party to or person liable on any of the Obligations, or interested

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therein, for the extension, renewal, payment, compromise, discharge or release
thereof, in whole or in part, or for any modification of the terms thereof or of
any agreement between Laurus and any Company or any such other party or person,
or make any election of rights Laurus may deem desirable under the United States
Bankruptcy Code, as amended, or any other federal or state bankruptcy,
reorganization, moratorium or insolvency law relating to or affecting the
enforcement of creditors' rights generally (any of the foregoing, an "Insolvency
Law") without in any way impairing or affecting this Guaranty. This Guaranty
shall be effective regardless of the subsequent incorporation, merger or
consolidation of any Company, or any change in the composition, nature,
personnel or location of any Company and shall extend to any successor entity to
each Company, including a debtor in possession or the like under any Insolvency
Law.

         2. GUARANTY ABSOLUTE. Subject to Section 5(c) hereof, each of the
undersigned jointly and severally guarantees that the Obligations will be paid
strictly in accordance with the terms of the Documents and/or any other
document, instrument or agreement creating or evidencing the Obligations,
regardless of any law, regulation or order now or hereafter in effect in any
jurisdiction affecting any of such terms or the rights of any Company with
respect thereto. Guarantors hereby knowingly accept the full range of risk
encompassed within a contract of "continuing guaranty" which risk includes the
possibility that a Company will contract additional obligations and liabilities
for which Guarantors may be liable hereunder after such Company's financial
condition or ability to pay its lawful debts when they fall due has
deteriorated, whether or not such Company has properly authorized incurring such
additional obligations and liabilities. The undersigned acknowledge that (i) no
oral representations, including any representations to extend credit or provide
other financial accommodations to any Company, have been made by Laurus to
induce the undersigned to enter into this Guaranty and (ii) any extension of
credit to any Company shall be governed solely by the provisions of the
Documents. The liability of each of the undersigned under this Guaranty shall be
absolute and unconditional, in accordance with its terms, and shall remain in
full force and effect without regard to, and shall not be released, suspended,
discharged, terminated or otherwise affected by, any circumstance or occurrence
whatsoever, including, without limitation: (a) any waiver, indulgence, renewal,
extension, amendment or modification of or addition, consent or supplement to or
deletion from or any other action or inaction under or in respect of the
Documents or any other instruments or agreements relating to the Obligations or
any assignment or transfer of any thereof, (b) any lack of validity or
enforceability of any Document or other documents, instruments or agreements
relating to the Obligations or any assignment or transfer of any thereof, (c)
any furnishing of any additional security to Laurus or its assignees or any
acceptance thereof or any release of any security by Laurus or its assignees,
(d) any limitation on any party's liability or obligation under the Documents or
any other documents, instruments or agreements relating to the Obligations or
any assignment or transfer of any thereof or any invalidity or unenforceability,
in whole or in part, of any such document, instrument or agreement or any term
thereof, (e) any bankruptcy, insolvency, reorganization, composition,
adjustment, dissolution, liquidation or other like proceeding relating to any
Company, or any action taken with respect to this Guaranty by any trustee or
receiver, or by any court, in any such proceeding, whether or not the
undersigned shall have notice or knowledge of any of the foregoing, (f) any
exchange, release or nonperfection of any collateral, or any release, or
amendment or waiver of or consent to departure from any guaranty or security,
for all or any of the Obligations or (g) any other circumstance which might
otherwise constitute a defense available to, or a discharge of, the undersigned.
Any amounts due

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from the undersigned to Laurus shall bear interest until such
amounts are paid in full at the highest rate then applicable to the Obligations.
Obligations include post-petition interest whether or not allowed or allowable.

         3. WAIVERS.

            (a) This Guaranty is a guaranty of payment and not of collection.
         Laurus shall be under no obligation to institute suit, exercise rights
         or remedies or take any other action against any Company or any other
         person or entity liable with respect to any of the Obligations or
         resort to any collateral security held by it to secure any of the
         Obligations as a condition precedent to the undersigned being obligated
         to perform as agreed herein and each of the Guarantors hereby waives
         any and all rights which it may have by statute or otherwise which
         would require Laurus to do any of the foregoing. Each of the Guarantors
         further consents and agrees that Laurus shall be under no obligation to
         marshal any assets in favor of Guarantors, or against or in payment of
         any or all of the Obligations. Each of the undersigned hereby waives
         all suretyship defenses and any rights to interpose any defense,
         counterclaim or offset of any nature and description which the
         undersigned may have or which may exist between and among Laurus, any
         Company and/or the undersigned with respect to the undersigned's
         obligations under this Guaranty, or which any Company may assert on the
         underlying debt, including but not limited to failure of consideration,
         breach of warranty, fraud, payment (other than cash payment in full of
         the Obligations), statute of frauds, bankruptcy, infancy, statute of
         limitations, accord and satisfaction, and usury.

            (b) Each of the undersigned further waives (i) notice of the
         acceptance of this Guaranty, of the extensions of credit, and of all
         notices and demands of any kind to which the undersigned may be
         entitled, including, without limitation, notice of adverse change in
         any Company's financial condition or of any other fact which might
         materially increase the risk of the undersigned and (ii) presentment to
         or demand of payment from anyone whomsoever liable upon any of the
         Obligations, protest, notices of presentment, non-payment or protest
         and notice of any sale of collateral security or any default of any
         sort.

            (c) Notwithstanding any payment or payments made by the undersigned
         hereunder, or any setoff or application of funds of the undersigned by
         Laurus, the undersigned shall not be entitled to be subrogated to any
         of the rights of Laurus against any Company or against any collateral
         or guarantee or right of offset held by Laurus for the payment of the
         Obligations, nor shall the undersigned seek or be entitled to seek any
         contribution or reimbursement from any Company in respect of payments
         made by the undersigned hereunder, until all amounts owing to Laurus by
         each Company on account of the Obligations are indefeasibly paid in
         full and Laurus' obligation to extend credit pursuant to the Documents
         has been irrevocably terminated. If, notwithstanding the foregoing, any
         amount shall be paid to the undersigned on account of such subrogation
         rights at any time when all of the Obligations shall not have been paid
         in full and Laurus' obligation to extend credit pursuant to the
         Documents shall not have been terminated, such amount shall be held by
         the undersigned in trust for Laurus, segregated from other funds of the
         undersigned, and shall forthwith upon, and in any event within two (2)

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         business days of, receipt by the undersigned, be turned over to Laurus
         in the exact form received by the undersigned (duly endorsed by the
         undersigned to Laurus, if required), to be applied against the
         Obligations, whether matured or unmatured, in such order as Laurus may
         determine, subject to the provisions of the Documents. Any and all
         present and future obligations and liabilities of each Company to any
         of the undersigned are hereby waived and postponed in favor of, and
         subordinated to the full payment and performance of, all Obligations of
         each Company to Laurus.

         4. SECURITY. All sums at any time to the credit of the undersigned and
any property of the undersigned in Laurus' possession or in the possession of
any bank, financial institution or other entity that directly or indirectly,
through one or more intermediaries, controls or is controlled by, or is under
common control with, Laurus (each such entity, an "Affiliate") shall be deemed
held by Laurus or such Affiliate, as the case may be, as security for any and
all of the undersigned's obligations and liabilities to Laurus and to any
Affiliate of Laurus, no matter how or when arising and whether under this or any
other instrument, agreement or otherwise.

         5. REPRESENTATIONS AND WARRANTIES. Each of the undersigned hereby
jointly and severally represents and warrants (all of which representations and
warranties shall survive until all Obligations are indefeasibly satisfied in
full and the Documents have been irrevocably terminated), that:

            (a) CORPORATE STATUS. It is a corporation, partnership or limited
         liability company, as the case may be, duly formed, validly existing
         and in good standing under the laws of its jurisdiction of formation
         indicated on the signature page hereof and has full power, authority
         and legal right to own its property and assets and to transact the
         business in which it is engaged.

            (b) AUTHORITY AND EXECUTION. It has full power, authority and
         legal right to execute and deliver, and to perform its obligations
         under, this Guaranty and has taken all necessary corporate, partnership
         or limited liability company, as the case may be, action to authorize
         the execution, delivery and performance of this Guaranty.

            (c) LEGAL, VALID AND BINDING CHARACTER. This Guaranty constitutes
         its legal, valid and binding obligation enforceable in accordance with
         its terms, except as enforceability may be limited by applicable
         bankruptcy, insolvency, reorganization, moratorium or other laws of
         general application affecting the enforcement of creditor's rights and
         general principles of equity that restrict the availability of
         equitable or legal remedies.

            (d) VIOLATIONS. The execution, delivery and performance of this
         Guaranty will not violate any requirement of law applicable to it or
         any contract, agreement or instrument to which it is a party or by
         which it or any of its property is bound or result in the creation or
         imposition of any mortgage, lien or other encumbrance other than in
         favor of Laurus on any of its property or assets pursuant to the
         provisions of any of the foregoing, which, in any of the foregoing
         cases, could reasonably be expected to have, either individually or in
         the aggregate, a Material Adverse Effect.

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            (e) CONSENTS OR APPROVALS. No consent of any other person or
         entity (including, without limitation, any creditor of the undersigned)
         and no consent, license, permit, approval or authorization of,
         exemption by, notice or report to, or registration, filing or
         declaration with, any governmental authority is required in connection
         with the execution, delivery, performance, validity or enforceability
         of this Guaranty by it, except to the extent that the failure to obtain
         any of the foregoing could not reasonably be expected to have, either
         individually or in the aggregate, a Material Adverse Effect.

            (f) LITIGATION. No litigation, arbitration, investigation or
         administrative proceeding of or before any court, arbitrator or
         governmental authority, bureau or agency is currently pending or, to
         the best of its knowledge, threatened (i) with respect to this Guaranty
         or any of the transactions contemplated by this Guaranty or (ii)
         against or affecting it, or any of its property or assets, which, in
         each of the foregoing cases, if adversely determined, could reasonably
         be expected to have a Material Adverse Effect.

            (g) FINANCIAL BENEFIT. It has derived or expects to derive a
         financial or other advantage from each and every loan, advance or
         extension of credit made under the Documents or other Obligation
         incurred by the Companies to Laurus.

            (h) SOLVENCY. As of the date of this Guaranty, (a) the fair
         saleable value of its assets exceeds its liabilities and (b) it is
         meeting its current liabilities as they mature.

         6. ACCELERATION.

            (a) If any breach of any covenant or condition or other event of
         default shall occur and be continuing under any agreement made by
         any Company or any of the undersigned to Laurus, or either any Company
         or any of the undersigned should at any time become insolvent, or make
         a general assignment, or if a proceeding in or under any Insolvency Law
         shall be filed or commenced by, or in respect of, any of the
         undersigned, or if a notice of any lien, levy, or assessment is filed
         of record with respect to any assets of any of the undersigned by the
         United States of America or any department, agency, or instrumentality
         thereof, or if any taxes or debts owing at any time or times hereafter
         to any one of them becomes a lien or encumbrance upon any assets of the
         undersigned in Laurus' possession, or otherwise, in each case in an
         aggregate amount in excess of [$50,000], any and all Obligations shall
         for purposes hereof, at Laurus' option, be deemed due and payable
         without notice notwithstanding that any such Obligation is not then due
         and payable by the Companies.

            (b) Each of the undersigned will promptly notify Laurus of any
         default by such undersigned in its respective performance or observance
         of any term or condition of any agreement to which the undersigned is a
         party if the effect of such default is to cause, or permit the holder
         of any obligation under such agreement to cause, such obligation to
         become due prior to its stated maturity and, if such an event occurs,
         Laurus shall have the right to accelerate such undersigned's
         obligations hereunder.

            7. PAYMENTS FROM GUARANTORS. After applying any payment from
         the undersigned or any other guarantors to any shortfall, if any, due
         pursuant to the Documents, Laurus, in its sole

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         and absolute discretion, with or without notice to the undersigned, may
         apply on account of the Obligations any payment from the undersigned or
         any other guarantors, or amounts realized from any security for the
         Obligations, or may deposit any and all such amounts realized in a
         non-interest bearing cash collateral deposit account to be maintained
         as security for the Obligations.

            8. COSTS. The undersigned shall pay on demand, all costs, fees
         and expenses (including expenses for legal services of every kind)
         relating or incidental to the enforcement or protection of the rights
         of Laurus hereunder or under any of the Obligations.

            9. NO TERMINATION. This is a continuing irrevocable guaranty
         and shall remain in full force and effect and be binding upon the
         undersigned, and each of the undersigned's successors and assigns,
         until all of the Obligations have been indefeasibly paid in full and
         Laurus' obligation to extend credit pursuant to the Documents has been
         irrevocably terminated. If any of the present or future Obligations are
         guarantied by persons, partnerships, corporations or other entities in
         addition to the undersigned, the death, release or discharge in whole
         or in part or the bankruptcy, merger, consolidation, incorporation,
         liquidation or dissolution of one or more of them shall not discharge
         or affect the liabilities of any undersigned under this Guaranty.

            10. RECAPTURE. Anything in this Guaranty to the contrary
         notwithstanding, if Laurus receives any payment or payments on account
         of the liabilities guaranteed hereby, which payment or payments or any
         part thereof are subsequently invalidated, declared to be fraudulent or
         preferential, set aside and/or required to be repaid to a trustee,
         receiver, or any other party under any Insolvency Law, common law or
         equitable doctrine, then to the extent of any sum not finally retained
         by Laurus, the undersigned's obligations to Laurus shall be reinstated
         and this Guaranty shall remain in full force and effect (or be
         reinstated) until payment shall have been made to Laurus, which payment
         shall be due on demand.

            11. BOOKS AND RECORDS. The books and records of Laurus showing
         the account between Laurus and each Company shall be admissible in
         evidence in any action or proceeding, shall be binding upon the
         undersigned for the purpose of establishing the items therein set forth
         and shall constitute prima facie proof thereof.

            12. NO WAIVER. No failure on the part of Laurus to exercise, and no
         delay in exercising, any right, remedy or power hereunder shall operate
         as a waiver thereof, nor shall any single or partial exercise by Laurus
         of any right, remedy or power hereunder preclude any other or future
         exercise of any other legal right, remedy or power. Each and every
         right, remedy and power hereby granted to Laurus or allowed it by law
         or other agreement shall be cumulative and not exclusive of any other,
         and may be exercised by Laurus at any time and from time to time.

            13. WAIVER OF JURY TRIAL. EACH OF THE UNDERSIGNED DESIRES THAT ITS
         DISPUTES BE RESOLVED BY A JUDGE APPLYING SUCH APPLICABLE LAWS.
         THEREFORE, TO ACHIEVE THE BEST COMBINATION OF THE BENEFITS OF THE
         JUDICIAL SYSTEM AND OF ARBITRATION, EACH OF THE UNDERSIGNED HERETO
         WAIVES ALL RIGHTS TO TRIAL BY JURY IN ANY ACTION, SUIT, OR PROCEEDING
         BROUGHT TO RESOLVE ANY DISPUTE, WHETHER ARISING IN CONTRACT, TORT, OR
         OTHERWISE BETWEEN LAURUS, AND/OR ANY OF THE UNDERSIGNED ARISING OUT OF,
         CONNECTED WITH, RELATED OR INCIDENTAL TO THE RELATIONSHIP

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         ESTABLISHED BETWEEN THEM IN CONNECTION WITH THIS GUARANTY, ANY DOCUMENT
         OR THE TRANSACTIONS RELATED HERETO OR THERETO.

            14. GOVERNING LAW; JURISDICTION. THIS GUARANTY CANNOT BE CHANGED OR
         TERMINATED ORALLY, AND SHALL BE GOVERNED BY AND CONSTRUED AND ENFORCED
         IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO
         CONTRACTS MADE AND PERFORMED IN SUCH STATE, WITHOUT REGARD TO
         PRINCIPLES OF CONFLICTS OF LAWS. EACH OF THE UNDERSIGNED HEREBY
         CONSENTS AND AGREES THAT THE STATE OR FEDERAL COURTS LOCATED IN THE
         COUNTY OF NEW YORK, STATE OF NEW YORK SHALL HAVE EXCLUSIVE JURISDICTION
         TO HEAR AND DETERMINE ANY CLAIMS OR DISPUTES BETWEEN ANY OF THE
         UNDERSIGNED, ON THE ONE HAND, AND LAURUS, ON THE OTHER HAND, PERTAINING
         TO THIS GUARANTY OR ANY OF THE DOCUMENTS OR TO ANY MATTER ARISING OUT
         OF OR RELATED TO THIS GUARANTY OR ANY OF THE DOCUMENTS; PROVIDED, THAT
         EACH OF THE UNDERSIGNED ACKNOWLEDGES THAT ANY APPEALS FROM THOSE COURTS
         MAY HAVE TO BE HEARD BY A COURT LOCATED OUTSIDE OF THE COUNTY OF NEW
         YORK, STATE OF NEW YORK; AND FURTHER PROVIDED, THAT NOTHING IN THIS
         GUARANTY SHALL BE DEEMED OR OPERATE TO PRECLUDE LAURUS FROM BRINGING
         SUIT OR TAKING OTHER LEGAL ACTION IN ANY OTHER JURISDICTION TO COLLECT
         THE OBLIGATIONS, TO REALIZE ON THE COLLATERAL OR ANY OTHER SECURITY FOR
         THE OBLIGATIONS, OR TO ENFORCE A JUDGMENT OR OTHER COURT ORDER IN FAVOR
         OF LAURUS. EACH OF THE UNDERSIGNED EXPRESSLY SUBMITS AND CONSENTS IN
         ADVANCE TO SUCH JURISDICTION IN ANY ACTION OR SUIT COMMENCED IN ANY
         SUCH COURT, AND EACH UNDERSIGNED HEREBY WAIVES ANY OBJECTION WHICH IT
         MAY HAVE BASED UPON LACK OF PERSONAL JURISDICTION, IMPROPER VENUE OR
         FORUM NON CONVENIENS. EACH OF THE UNDERSIGNED HEREBY WAIVES PERSONAL
         SERVICE OF THE SUMMONS, COMPLAINT AND OTHER PROCESS ISSUED IN ANY SUCH
         ACTION OR SUIT AND AGREES THAT SERVICE OF SUCH SUMMONS, COMPLAINT AND
         OTHER PROCESS MAY BE MADE BY REGISTERED OR CERTIFIED MAIL ADDRESSED TO
         SUCH UNDERSIGNED IN ACCORDANCE WITH SECTION 18 AND THAT SERVICE SO MADE
         SHALL BE DEEMED COMPLETED UPON THE EARLIER OF SUCH UNDERSIGNED'S ACTUAL
         RECEIPT THEREOF OR THREE (3) DAYS AFTER DEPOSIT IN THE U.S. MAILS,
         PROPER POSTAGE PREPAID.

            15. UNDERSTANDING WITH RESPECT TO WAIVERS AND CONSENTS. Each
         Guarantor warrants and agrees that each of the waivers and consents set
         forth in this Guaranty is made voluntarily and unconditionally after
         consultation with outside legal counsel and with full knowledge of its
         significance and consequences, with the understanding that events
         giving rise to any defense or right waived may diminish, destroy or
         otherwise adversely affect rights which such Guarantor otherwise may
         have against any Company, Laurus or any other person or entity or
         against any collateral. If, notwithstanding the intent of the parties
         that the terms of this Guaranty shall control in any and all
         circumstances, any such waivers or consents are determined to be
         unenforceable under applicable law, such waivers and consents shall be
         effective to the maximum extent permitted by law.

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            16. SEVERABILITY. To the extent permitted by applicable law, any
         provision of this Guaranty which is prohibited or unenforceable in any
         jurisdiction shall, as to such jurisdiction, be ineffective to the
         extent of such prohibition or unenforceability without invalidating the
         remaining provisions hereof, and any such prohibition or
         unenforceability in any jurisdiction shall not invalidate or render
         unenforceable such provision in any other jurisdiction.

            17. AMENDMENTS, WAIVERS. No amendment or waiver of any provision of
         this Guaranty nor consent to any departure by the undersigned therefrom
         shall in any event be effective unless the same shall be in writing
         executed by each of the undersigned directly affected by such amendment
         and/or waiver and Laurus.

            18. NOTICE. All notices, requests and demands to or upon the
         undersigned, shall be in writing and shall be deemed to have been duly
         given or made (a) when delivered, if by hand, (b) three (3) days after
         being sent, postage prepaid, if by registered or certified mail, (c)
         when confirmed electronically, if by facsimile, or (d) when delivered,
         if by a recognized overnight delivery service in each event, to the
         numbers and/or address set forth beneath the signature of the
         undersigned.

            19. SUCCESSORS. Laurus may, from time to time, without notice to
         the undersigned, sell, assign, transfer or otherwise dispose of all or
         any part of the Obligations and/or rights under this Guaranty. Without
         limiting the generality of the foregoing, Laurus may assign, or grant
         participations to, one or more banks, financial institutions or other
         entities all or any part of any of the Obligations. In each such event,
         Laurus, its Affiliates and each and every immediate and successive
         purchaser, assignee, transferee or holder of all or any part of the
         Obligations shall have the right to enforce this Guaranty, by legal
         action or otherwise, for its own benefit as fully as if such purchaser,
         assignee, transferee or holder were herein by name specifically given
         such right. Laurus shall have an unimpaired right to enforce this
         Guaranty for its benefit with respect to that portion of the
         Obligations which Laurus has not disposed of, sold, assigned, or
         otherwise transferred.

            20. JOINDER. It is understood and agreed that any person or entity
         that desires to become a Guarantor hereunder, or is required to execute
         a counterpart of this Guaranty after the date hereof pursuant to the
         requirements of any Document, shall become a Guarantor hereunder by (x)
         executing a joinder agreement in form and substance satisfactory to
         Laurus, (y) delivering supplements to such exhibits and annexes to such
         Documents as Laurus shall reasonably request and/or as may be required
         by such joinder agreement and (z) taking all actions as specified in
         this Guaranty as would have been taken by such such Guarantor had it
         been an original party to this Guaranty, in each case with all
         documents required above to be delivered to Laurus and with all
         documents and actions required above to be taken to the reasonable
         satisfaction of Laurus.

            21. RELEASE. Nothing except indefeasible payment in full of the
         Obligations shall release any of the undersigned from liability under
         this Guaranty.

            22. REMEDIES NOT EXCLUSIVE. The remedies conferred upon Laurus in
         this Guaranty are intended to be in addition to, and not in limitation
         of any other remedy or remedies available to Laurus under applicable
         law or otherwise.

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            23. LIMITATION OF OBLIGATIONS UNDER THIS GUARANTY. Each Guarantor
         and Laurus (by its acceptance of the benefits of this Guaranty) hereby
         confirms that it is its intention that this Guaranty not constitute a
         fraudulent transfer or conveyance for purposes of the Bankruptcy Code,
         the Uniform Fraudulent Conveyance Act of any similar Federal or state
         law. To effectuate the foregoing intention, each Guarantor and Laurus
         (by its acceptance of the benefits of this Guaranty) hereby irrevocably
         agrees that the Obligations guaranteed by such Guarantor shall be
         limited to such amount as will, after giving effect to such maximum
         amount and all other (contingent or otherwise) liabilities of such
         Guarantor that are relevant under such laws and after giving effect to
         any rights to contribution pursuant to any agreement providing for an
         equitable contribution among such Guarantor and the other Guarantors
         (including this Guaranty), result in the Obligations of such Guarantor
         under this Guaranty in respect of such maximum amount not constituting
         a fraudulent transfer or conveyance.

                        [REMAINDER OF THIS PAGE IS BLANK.
                       SIGNATURE PAGE IMMEDIATELY FOLLOWS]

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         IN WITNESS WHEREOF, this Guaranty has been executed by the undersigned
as of the date and year here above written.

                                      ABLE OIL CO.

                                      By: S/CHRISTOPHER P. WESTAD
                                      Name: Christopher P. Westad
                                      Title: President

                                      Address: 198 Green Pond Road, Rockaway, NJ
                                      07866

                                      Telephone: 973-625-1012
                                      Facsimile: 973-586-9866
                                      State of Formation: New Jersey

                                      ABLE PROPANE CO., LLC

                                      By: S/CHRISTOPHER P. WESTAD
                                      Name: Christopher P. Westad
                                      Title: President

                                      Address: 198 Green Pond Road, Rockaway, NJ
                                      07866

                                      Telephone: 973-625-1012
                                      Facsimile: 973-586-9866
                                      State of Formation: New Jersey

                                      ABLE ENERGY NEW YORK, INC.

                                      By: S/CHRISTOPHER P. WESTAD
                                      Name: Christopher P. Westad
                                      Title: President

                                      Address: 198 Green Pond Road, Rockaway, NJ
                                      07866

                                      Telephone: 973-625-1012

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                                      Facsimile: 973-586-9866
                                      State of Formation: New Jersey

                                      ABLE OIL MELBOURNE, INC.

                                      By: S/CHRISTOPHER P. WESTAD
                                      Name: Christopher P. Westad
                                      Title: President

                                      Address: 198 Green Pond Road, Rockaway, NJ
                                      07866

                                      Telephone: 973-625-1012
                                      Facsimile: 973-586-9866
                                      State of Formation: Florida

                                      ABLE ENERGY TERMINAL, INC.

                                      By: S/CHRISTOPHER P. WESTAD
                                      Name: Christopher P. Westad
                                      Title: President

                                      Address: 198 Green Pond Road, Rockaway, NJ
                                      07866

                                      Telephone: 973-625-1012
                                      Facsimile: 973-586-9866
                                      State of Formation: New Jersey

                                      PRICEENERGY.COM, INC.

                                      By: S/CHRISTOPHER P. WESTAD
                                      Name: Christopher P. Westad
                                      Title: President

                                      Address: 198 Green Pond Road, Rockaway, NJ
                                      07866

                                      Telephone: 973-625-1012

                                       11

<PAGE>

                                      Facsimile: 973-586-9866
                                      State of Formation: New Jersey

                                      PRICEENERGY.COM FRANCHISING, LLC.

                                      By: S/CHRISTOPHER P. WESTAD
                                      Name: Christopher P. Westad
                                      Title: President

                                      Address: 198 Green Pond Road, Rockaway, NJ
                                      07866

                                      Telephone: 973-625-1012
                                      Facsimile: 973-586-9866
                                      State of Formation: New York

                                       12<PAGE>
                                                                    Exhibit 10.6

                                    GUARANTY

                                Mr. Frank Nocito

New York, New York                                               June 30, 2006

         FOR VALUE RECEIVED, and in consideration of loans made or to be made or
credit otherwise extended or to be extended by Laurus Master Fund, L.P., a
Cayman Islands company ("Lender") to or for the account of Able Energy, Inc.
("Borrower") from time to time and at any time and for other good and valuable
consideration, and to induce Lender to make such loans or extensions of credit
and to make or grant such renewals, extensions, releases of collateral or
relinquishments of legal rights as Lender may deem advisable, the undersigned
(and each of them if more than one, the liability under this Guaranty being
joint and several) (jointly and severally referred to as "Guarantor" or "the
undersigned") unconditionally guaranties to Lender, its successors, endorsees
and assigns, the prompt payment when due (whether by acceleration or otherwise)
of all present and future obligations and liabilities of any and all kinds of
Borrower to Lender and of all instruments of any nature evidencing or relating
to any such obligations and liabilities upon which Borrower or one or more
parties and Borrower is or may become liable to Lender, whether incurred by
Borrower as maker, endorser, drawer, acceptor, guarantor, accommodation party or
otherwise, and whether due or to become due, secured or unsecured, absolute or
contingent, joint or several, and however or whenever acquired by Lender,
whether arising under, out of, or in connection with that certain Securities
Purchase Agreement (as amended, modified, restated or supplemented from time to
time, the "Purchase Agreement"), the Related Agreements (as defined in the
Purchase Agreement) or any documents, instruments or agreements relating to or
executed in connection with the Purchase Agreement or any documents, instruments
or agreements referred to therein (together with the Purchase Agreement and the
Related Agreements, as each may be amended, modified, restated or supplemented
from time to time, the "Loan Documents"), (all of which are herein collectively
referred to as the "Obligations"), and irrespective of the genuineness,
validity, regularity or enforceability of such Obligations, or of any instrument
evidencing any of the Obligations or of any collateral therefor or of the
existence or extent of such collateral, and irrespective of the allowability,
allowance or disallowance of any or all of the Obligations in any case commenced
by or against Borrower under Title 11, United States Code, including, without
limitation, obligations or indebtedness of Borrower for post-petition interest,
fees, costs and charges that would have accrued or been added to the Obligations
but for the commencement of such case. In furtherance of the foregoing, the
undersigned hereby agrees as follows:

         1. LIMITATION ON LIABILITY. Notwithstanding anything to the contrary
herein, Guarantor shall not be liable under this Guaranty in excess of $425,000
of the original principal amount of the Note (as such term is defined in the
Purchase Agreement), plus all costs, fees and expenses (including expenses for
legal services of every kind) relating or incidental to the enforcement or
protection of the rights of Lender.

         2. NO IMPAIRMENT. Lender may at any time and from time to time, either
before or after the maturity thereof, without notice to or further consent of
the undersigned, extend the time of payment of, exchange or surrender any
collateral for, renew or extend any of the Obligations or

<PAGE>

increase or decrease the interest rate thereon, and may also make any agreement
with Borrower or with any other party to or person liable on any of the
Obligations, or interested therein, for the extension, renewal, payment,
compromise, discharge or release thereof, in whole or in part, or for any
modification of the terms thereof or of any agreement between Lender and
Borrower or any such other party or person, or make any election of rights
Lender may deem desirable under the United States Bankruptcy Code, as amended,
or any other federal or state bankruptcy, reorganization, moratorium or
insolvency law relating to or affecting the enforcement of creditors' rights
generally (any of the foregoing, an "Insolvency Law") without in any way
impairing or affecting this Guaranty. This instrument shall be effective
regardless of the subsequent incorporation, merger or consolidation of Borrower,
or any change in the composition, nature, personnel or location of Borrower and
shall extend to any successor entity to Borrower, including a debtor in
possession or the like under any Insolvency Law.

         3. GUARANTY ABSOLUTE. The undersigned guarantees that the Obligations
will be paid strictly in accordance with the terms of the Loan Documents and/or
any other document, instrument or agreement creating or evidencing the
Obligations, regardless of any law, regulation or order now or hereafter in
effect in any jurisdiction affecting any of such terms or the rights of Borrower
with respect thereto. Guarantor hereby knowingly accepts the full range of risk
encompassed within a contract of "continuing guaranty" which risk includes the
possibility that Borrower will contract additional indebtedness for which
Guarantor may be liable hereunder after Borrower's financial condition or
ability to pay its lawful debts when they fall due has deteriorated, whether or
not Borrower has properly authorized incurring such additional indebtedness. The
undersigned acknowledges that (i) no oral representations, including any
representations to extend credit or provide other financial accommodations to
Borrower, have been made by Lender to induce the undersigned to enter into this
Guaranty and (ii) any extension of credit to the Borrower shall be governed
solely by the provisions of the Loan Documents. The liability of the undersigned
under this Guaranty shall be absolute and unconditional, in accordance with its
terms, and shall remain in full force and effect without regard to, and shall
not be released, suspended, discharged, terminated or otherwise affected by, any
circumstance or occurrence whatsoever, including, without limitation: (a) any
waiver, indulgence, renewal, extension, amendment or modification of or
addition, consent or supplement to or deletion from or any other action or
inaction under or in respect of the Loan Documents or any other instruments or
agreements relating to the Obligations or any assignment or transfer of any
thereof, (b) any lack of validity or enforceability of any Loan Document or
other documents, instruments or agreements relating to the Obligations or any
assignment or transfer of any thereof, (c) any furnishing of any additional
security to Lender or its assignees or any acceptance thereof or any release of
any security by Lender or its assignees, (d) any limitation on any party's
liability or obligation under the Loan Documents or any other documents,
instruments or agreements relating to the Obligations or any assignment or
transfer of any thereof or any invalidity or unenforceability, in whole or in
part, of any such document, instrument or agreement or any term thereof, (e) any
bankruptcy, insolvency, reorganization, composition, adjustment, dissolution,
liquidation or other like proceeding relating to Borrower, or any action taken
with respect to this Guaranty by any trustee or receiver, or by any court, in
any such proceeding, whether or not the undersigned shall have notice or
knowledge of any of the foregoing, (f) any exchange, release or nonperfection of
any collateral, or any release, or amendment or waiver of or consent to
departure from any guaranty or security, for all or any of

                                       2
<PAGE>

the Obligations, or (g) any other circumstance which might otherwise constitute
a defense available to, or a discharge of, the undersigned. Any amounts due from
the undersigned to Lender shall bear interest until such amounts are paid in
full at the highest rate then applicable to the Obligations. Obligations include
post-petition interest whether or not allowed or allowable.

         4. WAIVERS. (a) This Guaranty is a guaranty of payment and not of
collection. Lender shall be under no obligation to institute suit, exercise
rights or remedies or take any other action against Borrower or any other person
liable with respect to any of the Obligations or resort to any collateral
security held by it to secure any of the Obligations as a condition precedent to
the undersigned being obligated to perform as agreed herein and Guarantor hereby
waives any and all rights which it may have by statute or otherwise which would
require Lender to do any of the foregoing. Guarantor further consents and agrees
that Lender shall be under no obligation to marshal any assets in favor of
Guarantor, or against or in payment of any or all of the Obligations. The
undersigned hereby waives all suretyship defenses and any rights to interpose
any defense, counterclaim or offset of any nature and description which the
undersigned may have or which may exist between and among Lender, Borrower
and/or the undersigned with respect to the undersigned's obligations under this
Guaranty, or which Borrower may assert on the underlying debt, including but not
limited to failure of consideration, breach of warranty, fraud, payment (other
than cash payment in full of the Obligations), statute of frauds, bankruptcy,
infancy, statute of limitations, accord and satisfaction, and usury.

         (b) The undersigned further waives (i) notice of the acceptance of this
Guaranty, of the making of any such loans or extensions of credit, and of all
notices and demands of any kind to which the undersigned may be entitled,
including, without limitation, notice of adverse change in Borrower's financial
condition or of any other fact which might materially increase the risk of the
undersigned and (ii) presentment to or demand of payment from anyone whomsoever
liable upon any of the Obligations, protest, notices of presentment, non-payment
or protest and notice of any sale of collateral security or any default of any
sort.

         (c) Notwithstanding any payment or payments made by the undersigned
hereunder, or any setoff or application of funds of the undersigned by Lender,
the undersigned shall not be entitled to be subrogated to any of the rights of
Lender against Borrower or against any collateral or guarantee or right of
offset held by Lender for the payment of the Obligations, nor shall the
undersigned seek or be entitled to seek any contribution or reimbursement from
Borrower in respect of payments made by the undersigned hereunder, until all
amounts owing to Lender by Borrower on account of the Obligations are paid in
full and the Loan Documents have been terminated. If, notwithstanding the
foregoing, any amount shall be paid to the undersigned on account of such
subrogation rights at any time when all of the Obligations shall not have been
paid in full and the Loan Documents shall not have been terminated, such amount
shall be held by the undersigned in trust for Lender, segregated from other
funds of the undersigned, and shall forthwith upon, and in any event within two
(2) business days of, receipt by the undersigned, be turned over to Lender in
the exact form received by the undersigned (duly endorsed by the undersigned to
Lender, if required), to be applied against the Obligations, whether matured or
unmatured, in such order as Lender may determine, subject to the provisions of
the Loan Documents. Any and all present and future debts and obligations of
Borrower to any of the

                                       3
<PAGE>

undersigned are hereby waived and postponed in favor of, and subordinated to the
full payment and performance of, all present and future debts and obligations of
Borrower to Lender.

         (d) The undersigned further waives the right to renounce any
disposition or transfer of assets whether created under a will, trust agreement
or intestacy statute, with respect to any devise, bequest, distributive share,
trust account, life insurance or annuity contract, employee benefit plan
(including, without limitation, any pension, retirement, death benefit, stock
bonus or profit sharing plan, system or trust), or any other disposition or
transfer created by any testamentary or nontestamentary instrument or by
operation of law, and any of the foregoing created or increased by reason of a
renunciation made by another person.

         5. SECURITY. All sums at any time to the credit of the undersigned and
any property of the undersigned in Lender's possession or in the possession of
any bank, financial institution or other entity that directly or indirectly,
through one or more intermediaries, controls or is controlled by, or is under
common control with, Lender (each such entity, an "Affiliate") shall be deemed
held by Lender or such Affiliate, as the case may be, as security for any and
all of the undersigned's obligations to Lender and to any Affiliate of Lender,
no matter how or when arising and whether under this or any other instrument,
agreement or otherwise.

         6. REPRESENTATIONS AND WARRANTIES. The undersigned hereby represents
and warrants (all of which representations and warranties shall survive until
all Obligations are indefeasibly satisfied in full and the Purchase Agreement
have been irrevocably terminated), that:

         (a) LEGAL CAPACITY. The undersigned has full legal capacity to execute
and deliver this Guaranty and to perform the obligations of the undersigned
under this Guaranty.

         (b) LEGAL, VALID AND BINDING CHARACTER. This Guaranty constitutes the
legal, valid and binding obligation of the undersigned enforceable in accordance
with its terms, except as enforceability may be limited by applicable Insolvency
Law.

         (c) VIOLATIONS. The execution, delivery and performance of this
Guaranty will not violate any requirement of law applicable to the undersigned
or any material contract, agreement or instrument to which the undersigned is a
party or by which the undersigned or any property of the undersigned is bound or
result in the creation or imposition of any mortgage, lien or other encumbrance
other than to Lender on any of the property or assets of the undersigned
pursuant to the provisions of any of the foregoing.

         (d) CONSENTS OR APPROVALS. No consent of any other person or entity
(including, without limitation, any creditor of the undersigned) and no consent,
license, permit, approval or authorization of, exemption by, notice or report
to, or registration, filing or declaration with, any governmental authority is
required in connection with the execution, delivery, performance, validity or
enforceability of this Guaranty.

         (e) LITIGATION. No litigation, arbitration, investigation or
administrative proceeding of or before any court, arbitrator or governmental
authority, bureau or agency is currently pending or, to the best knowledge of
the undersigned, threatened (i) with respect to this Guaranty or any of the
transactions contemplated by this Guaranty or (ii) against or affecting the

                                       4
<PAGE>

undersigned, or any property or assets of the undersigned, which, if adversely
determined, would have a material adverse effect on the business, operations,
assets or condition, financial or otherwise, of the undersigned.

         (f) MATERIAL ADVERSE CHANGE. Since December 31, 2005, there has been no
material adverse change in the assets or condition, financial or otherwise, of
the undersigned.

         (g) FINANCIAL BENEFIT. The undersigned has derived or expects to derive
a financial or other advantage from each and every loan, advance or extension of
credit made under the Loan Documents or other Obligation incurred by Borrower to
Lender.

         The foregoing representations and warranties (other than that set forth
in paragraph (f) above) shall be deemed to have been made by the undersigned on
the date of each borrowing by Borrower under the Loan Documents on and as of
such date of such borrowing as though made hereunder on and as of such date.

         7. ACCELERATION. (a) If any breach of any covenant or condition or
other event of default shall occur and be continuing under any agreement made by
Borrower or the undersigned to Lender, or either Borrower or the undersigned
should at any time become insolvent, or make a general assignment, or if a
proceeding in or under any Insolvency Law shall be filed or commenced by, or in
respect of, the undersigned, or if a notice of any lien, levy, or assessment is
filed of record with respect to any assets of the undersigned by the United
States of America or any department, agency, or instrumentality thereof, or if
any taxes or debts owing at any time or times hereafter to any one of them
becomes a lien or encumbrance upon any assets of the undersigned in Lender's
possession, or otherwise, in each case in an aggregate amount in excess of
$30,000, any and all Obligations shall for purposes hereof, at Lender's option,
be deemed due and payable without notice notwithstanding that any such
Obligation is not then due and payable by Borrower.

         (b) The undersigned will promptly notify Lender of any default by the
undersigned in the performance or observance of any term or condition of any
agreement to which the undersigned is a party if the effect of such default is
to cause, or permit the holder of any obligation under such agreement to cause,
such obligation to become due prior to its stated maturity and, if such an event
occurs, Lender shall have the right to accelerate the undersigned's obligations
hereunder.

         8. PAYMENTS FROM GUARANTOR. After applying any payment from the
undersigned or any other guarantors to any shortfall, if any, due pursuant to
the Documents, Lender, in its sole and absolute discretion, with or without
notice to the undersigned, may apply on account of the Obligations any payment
from the undersigned or any other guarantor, or amounts realized from any
security for the Obligations, or may deposit any and all such amounts realized
in a non-interest bearing cash collateral deposit account to be maintained as
security for the Obligations.

         9. COSTS. The undersigned shall pay on demand, all costs, fees and
expenses (including expenses for legal services of every kind) relating or
incidental to the enforcement or protection of the rights of Lender hereunder or
under any of the Obligations.

                                       5
<PAGE>

         10. NO TERMINATION. This is a continuing irrevocable guaranty and shall
remain in full force and effect and be binding upon the undersigned, and the
undersigned's heirs, administrators, executors, successors and assigns, until
all of the Obligations have been paid in full and the Loan Documents have been
irrevocably terminated. If any of the present or future Obligations are
guarantied by persons, partnerships or corporations in addition to the
undersigned, the death, release or discharge in whole or in part or the
bankruptcy, merger, consolidation, incorporation, liquidation or dissolution of
one or more of them shall not discharge or affect the liabilities of the
undersigned under this Guaranty. The death of the undersigned shall not effect a
termination of this Guaranty and loans and advances made by Lender and any
indebtedness incurred by Borrower from Lender subsequent to such death shall
continue to constitute Obligations guaranteed hereunder.

         11. RECAPTURE. Anything in this Guaranty to the contrary
notwithstanding, if Lender receives any payment or payments on account of the
liabilities guaranteed hereby, which payment or payments or any part thereof are
subsequently invalidated, declared to be fraudulent or preferential, set aside
and/or required to be repaid to a trustee, receiver, or any other party under
any Insolvency Law, common law or equitable doctrine, then to the extent of any
sum not finally retained by Lender, the undersigned's obligations to Lender
shall be reinstated and this Guaranty shall remain in full force and effect (or
be reinstated) until payment shall have been made to Lender, which payment shall
be due on demand.

         12. BOOKS AND RECORDS. The books and records of Lender showing the
account between Lender and Borrower shall be admissible in evidence in any
action or proceeding, shall be binding upon the undersigned for the purpose of
establishing the items therein set forth and shall constitute prima facie proof
thereof.

         13. NO WAIVER. No failure on the part of Lender to exercise, and no
delay in exercising, any right, remedy or power hereunder shall operate as a
waiver thereof, nor shall any single or partial exercise by Lender of any right,
remedy or power hereunder preclude any other or future exercise of any other
legal right, remedy or power. Each and every right, remedy and power hereby
granted to Lender or allowed it by law or other agreement shall be cumulative
and not exclusive of any other, and may be exercised by Lender at any time and
from time to time.

         14. WAIVER OF JURY TRIAL. THE UNDERSIGNED DOES HEREBY KNOWINGLY,
VOLUNTARILY AND INTENTIONALLY WAIVE THE RIGHT TO TRIAL BY JURY IN ANY ACTION OR
PROCEEDING BASED ON OR WITH RESPECT TO THIS GUARANTY OR ANY OF THE TRANSACTIONS
CONTEMPLATED HEREBY OR RELATING OR INCIDENTAL HERETO. THE UNDERSIGNED DOES
HEREBY CERTIFY THAT NO REPRESENTATIVE OR AGENT OF LENDER HAS REPRESENTED,
EXPRESSLY OR OTHERWISE, THAT LENDER WOULD NOT, IN THE EVENT OF LITIGATION, SEEK
TO ENFORCE THIS WAIVER OF RIGHT TO JURY TRIAL PROVISION.

15. GOVERNING LAW; JURISDICTION; AMENDMENTS. THIS INSTRUMENT CANNOT BE CHANGED
OR TERMINATED ORALLY, AND SHALL BE GOVERNED, CONSTRUED AND INTERPRETED AS TO
VALIDITY, ENFORCEMENT AND IN ALL OTHER

                                       6
<PAGE>

RESPECTS IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. THE UNDERSIGNED
EXPRESSLY CONSENTS TO THE JURISDICTION AND VENUE OF THE SUPREME COURT OF THE
STATE OF NEW YORK, COUNTY OF NEW YORK, AND OF THE UNITED STATES DISTRICT COURT
FOR THE SOUTHERN DISTRICT OF NEW YORK FOR ALL PURPOSES IN CONNECTION HEREWITH.
ANY JUDICIAL PROCEEDING BY THE UNDERSIGNED AGAINST LENDER INVOLVING, DIRECTLY OR
INDIRECTLY ANY MATTER OR CLAIM IN ANY WAY ARISING OUT OF, RELATED TO OR
CONNECTED HEREWITH SHALL BE BROUGHT ONLY IN THE SUPREME COURT OF THE STATE OF
NEW YORK, COUNTY OF NEW YORK OR THE UNITED STATES DISTRICT COURT FOR THE
SOUTHERN DISTRICT OF NEW YORK. THE UNDERSIGNED FURTHER CONSENTS THAT ANY
SUMMONS, SUBPOENA OR OTHER PROCESS OR PAPERS (INCLUDING, WITHOUT LIMITATION, ANY
NOTICE OR MOTION OR OTHER APPLICATION TO EITHER OF THE AFOREMENTIONED COURTS OR
A JUDGE THEREOF) OR ANY NOTICE IN CONNECTION WITH ANY PROCEEDINGS HEREUNDER, MAY
BE SERVED INSIDE OR OUTSIDE OF THE STATE OF NEW YORK OR THE SOUTHERN DISTRICT OF
NEW YORK BY REGISTERED OR CERTIFIED MAIL, RETURN RECEIPT REQUESTED, OR BY
PERSONAL SERVICE PROVIDED A REASONABLE TIME FOR APPEARANCE IS PERMITTED, OR IN
SUCH OTHER MANNER AS MAY BE PERMISSIBLE UNDER THE RULES OF SAID COURTS. THE
UNDERSIGNED WAIVES ANY OBJECTION TO JURISDICTION AND VENUE OF ANY ACTION
INSTITUTED HEREON AND SHALL NOT ASSERT ANY DEFENSE BASED ON LACK OF JURISDICTION
OR VENUE OR BASED UPON FORUM NON CONVENIENS.

         16. SEVERABILITY. To the extent permitted by applicable law, any
provision of this Guaranty which is prohibited or unenforceable in any
jurisdiction shall, as to such jurisdiction, be ineffective to the extent of
such prohibition or unenforceability without invalidating the remaining
provisions hereof, and any such prohibition or unenforceability in any
jurisdiction shall not invalidate or render unenforceable such provision in any
other jurisdiction.

         17. AMENDMENTS, WAIVERS. No amendment or waiver of any provision of
this Guaranty nor consent to any departure by the undersigned therefrom shall in
any event be effective unless the same shall be in writing executed by the
undersigned and Lender.

         18. NOTICE. All notices, requests and demands to or upon the
undersigned, shall be in writing and shall be deemed to have been duly given or
made (a) when delivered, if by hand, (b) three (3) days after being sent,
postage prepaid, if by registered or certified mail, (c) when confirmed
electronically, if by facsimile, or (d) when delivered, if by a recognized
overnight delivery service in each event, to the numbers and/or address set
forth beneath the signature of the undersigned.

         19. SUCCESSORS. Lender may, from time to time, without notice to the
undersigned, sell, assign, transfer or otherwise dispose of all or any part of
the Obligations and/or rights under this Guaranty. Without limiting the
generality of the foregoing, Lender may assign, or grant participations to, one
or more banks, financial institutions or other entities all or any part of any
of the Obligations. In each such event, Lender, its Affiliates and each and
every immediate and successive purchaser, assignee, transferee or holder of all
or any part of the Obligations shall

                                       7
<PAGE>

have the right to enforce this Guaranty, by legal action or otherwise, for its
own benefit as fully as if such purchaser, assignee, transferee or holder were
herein by name specifically given such right.

         20. RELEASE. Nothing except cash payment in full of the Obligations
shall release the undersigned from liability under this Guaranty.

         IN WITNESS WHEREOF, this Guaranty has been executed by the undersigned
this 30th day of June, 2006.

                                              s/Frank Nocito
                                              --------------
                                              MR. FRANK NOCITO

                                              Address: 20 Grassy Hill Rd
                                              Roxbury, CT 06783______________
                                              Telephone No.: (197) 468-9655

                                              Facsimile No.: (860) 210-1531

                                       8

<PAGE>

STATE OF NEW YORK   )
                    ): ss.:
COUNTY OF NEW YORK  )

         On the 30th day of June, 2006, before me personally came Frank Nocito
to me known, who being by me duly sworn, did depose and say that s/he resides at
20 Grassy Hill Rd., Roxbury, CT, that s/he has read the foregoing instrument and
is fully familiar with the contents thereof; that s/he signed her/his name
thereto of her/his own free will and volition.

                                                     s/Kenneth N. Miller
                                                     -------------------
                                                     Notary Public

STATE OF NEW YORK    )
                     ): ss.:
COUNTY OF NEW YORK   )

         On the ____ day of ___________, 200_, before me personally came
_______________________ to me known, who being by me duly sworn, did depose and
say that s/he resides at ___________________, that s/he has read the foregoing
instrument and is fully familiar with the contents thereof; that s/he signed
her/his name thereto of her/his own free will and volition.

                                                     ---------------------------
                                                     Notary Public

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