Document:

EXHIBIT 10.6

 

GUARANTY

 

October 29, 2004

 

Subject to the terms and conditions of this
Guaranty, WACHOVIA CORPORATION, a North Carolina corporation (“Guarantor”)
guarantees the payment of any and all of the Guaranteed Obligations (defined
below), whether absolute or contingent, payable by BOISE LAND & TIMBER, L.L.C., a Delaware limited liability
company (“Obligor”) to BOISE CASCADE
CORPORATION (“Guaranteed Party #1”) and BOISE
SOUTHERN COMPANY (“Guaranteed Party #2”, and collectively
with Guaranteed Party #1, each a “Guaranteed Party” and collectively the
“Guaranteed Parties”, and together with any subsequent Holder of an
Installment Note (defined below), collectively, the “Beneficiary”).  For purposes of this Guaranty, the “Guaranteed
Obligations” are defined as the payments of principal and interest due (as
and when such payments shall become due and payable) under the terms of each of
the notes described below:

 

(A)                              Installment
Note dated as of the date of this Guaranty executed by Obligor in favor of
Guaranteed Party #1 in the original principal amount of $559,500,000 (“Installment
Note #1”);

 

(B)                                Installment
Note dated as of the date of this Guaranty executed by Obligor in favor of
Guaranteed Party #2 in the original principal amount of $258,000,000 (“Installment
Note #2” and together with Installment Note #1, each an “Installment
Note” and collectively, the “Installment Notes”).

 

Capitalized terms not otherwise defined in
this Guaranty shall have the meanings assigned under each Installment Note.

 

AGREEMENT

 

1.                                       Guarantor
agrees that its obligations under this Guaranty shall be absolute, irrespective
of the validity, regularity or enforceability of this Guaranty or the Guaranteed
Obligations, the power, authority or capacity of the Obligor, the absence of any
action to enforce this Guaranty or the Guaranteed Obligations, the recovery of
any judgment against Obligor or any action to realize upon or to enforce
payment of the Guaranteed Obligations, the winding up or dissolution of Obligor
or any other circumstance that might otherwise constitute a legal or equitable
discharge or defense of a guarantor.

 

2.                                       Except
as set forth in Paragraph 3 below, Guarantor waives notice of the acceptance of
this Guaranty and of the extension or continuation of any or all of the Guaranteed
Obligations, presentment, protest, notice, demand or action or delinquency in
respect of the any or all of Guaranteed Obligations, including, without
limiting the foregoing, any right to require a proceeding first against
Obligor, any other guarantor, any other entity or person obligated in relation
to the any or all of Guaranteed Obligations.  Guarantor’s obligations under this Guaranty
shall not be delayed or restrained upon the commencement of any bankruptcy or
insolvency proceedings in relation to

 

Obligor or any of its
property whether or not any collection, enforcement or other action against
Obligor or any of its property is stayed or enjoined.  If at any time any payment of any portion of
the Guaranteed Obligations is rescinded or must otherwise be restored or
returned upon the insolvency, bankruptcy or reorganization of Obligor or
otherwise, Guarantor’s obligations under this Guaranty in relation to such
payment shall be reinstated at such time as though such payment had not been
made.

 

3.                                       Upon
the failure by Obligor to make any payment of principal or interest due under any
Installment Note, Beneficiary shall make a written notice of demand (a “Demand”)
for payment by faxing such Demand (and confirming receipt by telephone) to
Guarantor, at Wachovia Corporation, 301 South College Street, Charlotte, North
Carolina 28288, Attention: Thomas J. Wurtz, Treasurer, fax no. (704) 374-2040,
telephone no. (704) 374-2250, with a copy to Wachovia Corporation, 301 South
College Street, Charlotte, North Carolina 28288, Attention: J. Parrish
McCormack, Esq., fax no. (704) 383-0353, telephone no.

(704) 374-6509, or such other address which may be designated by
Guarantor by notice to Beneficiary in writing. 
Each Demand shall be in the form (with the blanks filled in
appropriately) specified pursuant to subparagraphs (a), (b) or (c) below, as
applicable:

 

(a)                                  If
the Demand is being made with respect to failure to pay regularly scheduled interest
when due (without regard to any applicable cure period) under an Installment
Note (an “Interest Payment Default”), Beneficiary’s notice of Demand
shall be in the form of attached Annex A and shall be delivered to
Guarantor within sixty (60) days of the date of such Interest Payment Default;
or

 

(b)                                 If
the Demand is being made with respect to the failure to pay principal and
interest due under an Installment Note upon an acceleration of such Installment
Note as a result of an Event of Default under the Installment Note (an “Accelerated
Payment Default”), Beneficiary’s notice of Demand shall be in the form of
attached Annex B and shall be delivered to Guarantor within one
hundred twenty (120) days of the date on which Event of Default occurred; or

 

(c)                                  If
the Demand is being made with respect to failure to pay regularly scheduled interest
and principal under the Installment Note on the Maturity Date (a “Maturity
Date Default”), Beneficiary’s notice of Demand shall be in the form of
attached Annex C and shall be delivered to Guarantor within one
hundred twenty (120) days of the Maturity Date.

 

Nothing in this Guaranty shall prohibit multiple
Demands for payment by Beneficiary with regard to an Installment Note; provided,
however, that more than one Demand may be made for Interest Payment Defaults
under an Installment Note, but only one Demand may be made for an Accelerated
Payment Default or a Maturity Date Default under a particular Installment Note.  Once a Demand for an Accelerated Payment
Default or a Maturity Date Default has been made, no further Demands may be
made by Beneficiary with respect to such Installment Note.  A Demand may be made pursuant to this Guaranty
at any time on a Business Day during Guarantor’s regular business hours.  As used in this Guaranty, “Business Day”
shall mean any day other than a Saturday or Sunday, or a day on which
commercial banks in North Carolina or New York are authorized by law to close.

 

2

 

Notwithstanding anything to the contrary in
this Guaranty, Guarantor shall only be liable to Beneficiary for the payment of:

 

(i)                                     upon
an Interest Payment Default, the regularly scheduled payment of interest which
was due on the applicable Installment Note on the date of such Interest Payment
Default (provided a Demand was delivered to Guarantor within the notice period
set forth in subparagraph (a) above);

 

(ii)                                  upon
an Accelerated Payment Default, (A) accrued and unpaid interest on the applicable
Installment Note from the last Payment Date on which payment was made through
and until the earlier to occur of (1) the first Business Day after the date
of delivery of the applicable Demand to Guarantor and (2) the date which
is two hundred forty (240) days from such Payment Date, and (B) the outstanding
principal balance of such Installment Note (provided a Demand was delivered to
Guarantor within the notice period set forth in subparagraph (b) above); and

 

(iii)                               upon
a Maturity Payment Default, (A) accrued and unpaid interest on the applicable Installment
Note from the last Payment Date on which payment was made through and until the
earlier to occur of (1) the first Business Day after the date of delivery
of the applicable demand to Guarantor and (2) the date which is two
hundred forty (240) days from such Payment Date, and (B) the outstanding
principal balance of such Installment Note (provided a Demand was delivered to
Guarantor within the notice period set forth in subparagraph (c) above).

 

Further
notwithstanding anything to the contrary in this Guaranty, Guarantor shall have
no liability to Beneficiary for any Guaranteed Obligations for which a Demand
is not delivered to Guarantor within the notice periods set forth in
subparagraphs (a), (b) and (c) above.

 

4.                                       Guarantor
agrees that (i) any such written notice of demand properly delivered prior
to 12:00 noon (Eastern Standard Time or Daylight Time, as applicable) on any
Business Day will be honored no later than 3:00 p.m. (Eastern Standard Time or
Daylight Time, as applicable) on the next succeeding Business Day, and
(ii) any such written notice of demand properly delivered after 12:00 noon
(Eastern Standard Time or Daylight Time, as applicable) on any Business Day
will be honored no later than 3:00 p.m. (Eastern Standard Time or Daylight
Time, as applicable) on the second succeeding Business Day.  Payments under this Guaranty shall be made in
immediately available funds in US dollars in accordance with the payment
instructions set forth in such written notice of demand.

 

5.                                       This
Guaranty is a continuing guarantee of payment and will not be discharged except
upon (i) complete indefeasible payment of the Guaranteed Obligations,
notwithstanding any extensions, waivers, amendments, renewals or any other
modifications or indulgences in relation to, or substitutions for, the Guaranteed
Obligations or any part thereof, or (ii) the termination of this Guaranty
by Beneficiary by written notice to Guarantor.

 

6.                                       Guarantor
represents at all times under this Guaranty that: (a) it is duly organized or
formed, validly existing and in good standing under the laws of its
jurisdiction or organization or formation; (b) it is duly authorized to enter
into and perform its obligations under this Guaranty;

3

 

(c) nothing in this
Guaranty violates or conflicts with any applicable law or regulation, any of
its constitutional documents, or any contractual agreement binding on it; (d)
all governmental consents required for this Guaranty are in effect; and (e) its
obligations under this Guaranty are legally binding and enforceable except as
general principles of equity and bankruptcy or other similar laws affect the
enforcement of creditors’ rights generally.

 

7.                                       Until
complete indefeasible payment of the Guaranteed Obligations, Guarantor shall
not exercise any right of subrogation in relation to payments made by Guarantor
pursuant to this Guaranty.  Guarantor
waives any benefit of collateral (if any) which may from time to time secure all
or any of Guaranteed Obligations and authorizes Beneficiary to take any action
or exercise any remedy in relation to the Guaranteed Obligations without notice
to Guarantor.  Guarantor acknowledges
that the Guaranteed Obligations are subject to limitations set forth in the
Installment Notes and that to the extent Guarantor is subrogated under this
Guaranty to Beneficiary’s rights under the Installment Notes, such rights will
remain subject to all limitations applicable to the Guaranteed Obligations.

 

8.                                       Guarantor
shall pay all costs, fees and expenses (including reasonable attorneys’ fees)
incurred by Beneficiary in collecting or enforcing the Guaranteed Obligations.

 

9.                                       No
provision of this Guaranty may be amended, supplemented or modified, or any of
the terms and provisions of this Guaranty waived, except by a written
instrument executed by Guarantor and Beneficiary.  Any release of Guarantor under this Guaranty
shall be ineffective unless in writing executed by the Beneficiary.

 

10.                                 This
Guaranty shall bind Guarantor, its successors and assigns; inure to the benefit
of Beneficiary, its successors and assigns; and be governed by the laws of New
York.  Guarantor shall have no right to
assign its obligations to any other party without the written consent of
Beneficiary.  With respect to any suit,
action or proceedings relating to this Guaranty, Guarantor irrevocably waives
(to the fullest extent permitted by law) any and all right to trial by jury in
any legal proceeding in connection with this Guaranty.

 

11.                                 All
payments under this Guaranty will be made without any deduction or withholding
for or on account of any taxes (other than stamp, registration, documentation,
or similar tax) unless such deduction or withholding is required by any
applicable law, as modified by the practice of any relevant governmental
revenue authority, then in effect.  If
Guarantor is so required to deduct or withhold on account of such taxes, then
the Guarantor will (i) promptly notify Beneficiary of such requirement; (ii)
pay to the relevant authorities the full amount required to be deducted or
withheld (including the full amount required to be deducted or withheld from
any amount paid by Guarantor to Beneficiary under clause (iv) below) promptly
upon the earlier of determining that such deduction or withholding is required
or receiving notice that such amount has been assessed against Beneficiary;
(iii) promptly forward to Beneficiary an official receipt (or a certified
copy), or such other documentation reasonably acceptable to Beneficiary,
evidencing such payment to such authorities; and (iv) pay to Beneficiary, in
addition to the payment which Beneficiary is otherwise entitled under this
Guaranty, such additional amount as is necessary to ensure that the net amount
actually received by Beneficiary (free and clear of any such taxes, whether
assessed against

 

4

 

Guarantor or Beneficiary)
will equal the full amount Beneficiary would have received had no such
deduction or withholding been required.

 

12.                                 This
Guaranty is nonnegotiable, and the benefits of this Guaranty may not be
transferred by Beneficiary except in conjunction with the transfer of an
Installment Note.

 

13.                                 Any
provision of this Guaranty which is prohibited or determined by a court of law
to be 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 or affecting the validity or
enforceability of such provision in any other jurisdiction.

 

14.                                 Notices
or communications in respect of this Guaranty shall be addressed to Guarantor
at its address provided below.

 

[SIGNATURE PAGE FOLLOWS]

 

5

 

IN WITNESS WHEREOF, Guarantor has executed
this Guaranty by its duly authorized officer as of the day first above written.

 

	
   

  	
  WACHOVIA CORPORATION, a North Carolina corporation

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Thomas J. Wurtz

  	
   

  
	
   

  	
   

  	
  Thomas J. Wurtz,

  
	
   

  	
   

  	
  Treasurer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  Address: Wachovia Corporation

  
	
   

  	
   

  	
  301 S. College Street

  
	
   

  	
   

  	
  Charlotte, NC 28288

  
	
   

  	
   

  	
  Attn: Thomas J. Wurtz, Treasurer

  
	
   

  	
   

  	
  Telephone: (704) 374-2250

  
	
   

  	
   

  	
  Facsimile: (704) 374-2040

  

 

6EXHIBIT 10.7

 

GUARANTY

 

October 29, 2004

 

Subject to the terms and conditions of this
Guaranty, LEHMAN BROTHERS HOLDINGS INC., a Delaware corporation (“Guarantor”)
guarantees the payment of any and all of the Guaranteed Obligations (defined
below), whether absolute or contingent, payable by BOISE LAND & TIMBER II, L.L.C., a Delaware limited
liability company (“Obligor”) to BOISE
CASCADE CORPORATION, together with any subsequent Holder of the
Installment Note (defined below) the “Beneficiary”).  For purposes of this Guaranty, the “Guaranteed
Obligations” are defined as the payments of principal and interest due (as
and when such payments shall become due and payable) under the terms of the
Installment Note dated as of the date of this Guaranty executed by Obligor in
favor of Beneficiary in the original principal amount of $817,500,00.  Capitalized terms not otherwise defined in
this Guaranty shall have the meanings assigned under the Installment Note.

 

AGREEMENT

 

1.                                       Guarantor
agrees that its obligations under this Guaranty shall be absolute, irrespective
of the validity, regularity or enforceability of this Guaranty or the Guaranteed
Obligations, the power, authority or capacity of the Obligor, the absence of
any action to enforce this Guaranty or the Guaranteed Obligations, the recovery
of any judgment against Obligor or any action to realize upon or to enforce
payment of the Guaranteed Obligations, the winding up or dissolution of Obligor
or any other circumstance that might otherwise constitute a legal or equitable
discharge or defense of a guarantor.

 

2.                                       Except
as set forth in Paragraph 3 below, Guarantor waives notice of the acceptance of
this Guaranty and of the extension or continuation of any or all of the Guaranteed
Obligations, presentment, protest, notice, demand or action or delinquency in
respect of the any or all of Guaranteed Obligations, including, without
limiting the foregoing, any right to require a proceeding first against
Obligor, any other guarantor, any other entity or person obligated in relation
to the any or all of Guaranteed Obligations. Guarantor’s obligations under this
Guaranty shall not be delayed or restrained upon the commencement of any
bankruptcy or insolvency proceedings in relation to Obligor or any of its
property whether or not any collection, enforcement or other action against
Obligor or any of its property is stayed or enjoined.  If at any time any payment of any portion of
the Guaranteed Obligations is rescinded or must otherwise be restored or
returned upon the insolvency, bankruptcy or reorganization of Obligor or
otherwise, Guarantor’s obligations under this Guaranty in relation to such
payment shall be reinstated at such time as though such payment had not been
made.

 

3.                                       Upon
the failure by Obligor to make any payment of principal or interest due under any
Installment Note, Beneficiary shall make a written notice of demand (a “Demand”)
for payment by faxing such Demand (and confirming receipt by telephone) to
Guarantor, at Lehman Brothers Holdings, Inc., 745 Seventh Avenue, 14F, New
York, NY 10019 Attn: Global Treasurer, Telephone: (212) 526-7000, Facsimile:
(646) 758-3204, or such other address which may be designated by Guarantor by
notice to Beneficiary in writing.  Each Demand
shall be in the form (with the blanks filled in appropriately) specified
pursuant to subparagraphs (a), (b) or (c) below, as applicable:

 

 

(a)                                  If
the Demand is being made with respect to failure to pay regularly scheduled interest
when due (without regard to any applicable cure period) under the Installment
Note (an “Interest Payment Default”), Beneficiary’s notice of Demand
shall be in the form of attached Annex A and shall be delivered to
Guarantor within sixty (60) days of the date of such Interest Payment Default;
or

 

(b)                                 If
the Demand is being made with respect to the failure to pay principal and
interest due under an Installment Note upon an acceleration of such Installment
Note as a result of an Event of Default under the Installment Note (an “Accelerated
Payment Default”), Beneficiary’s notice of Demand shall be in the form of
attached Annex B and shall be delivered to Guarantor within one
hundred twenty (120) days of the date on which Event of Default occurred; or

 

(c)                                  If
the Demand is being made with respect to failure to pay regularly scheduled interest
and principal under the Installment Note on the Maturity Date (a “Maturity
Date Default”), Beneficiary’s notice of Demand shall be in the form of
attached Annex C and shall be delivered to Guarantor within one
hundred twenty (120) days of the Maturity Date.

 

Nothing in this Guaranty shall prohibit multiple
Demands for payment by Beneficiary with regard to an Installment Note; provided,
however, that more than one Demand may be made for Interest Payment Defaults
under an Installment Note, but only one Demand may be made for an Accelerated
Payment Default or a Maturity Date Default under the Installment Note.  Once a Demand for an Accelerated Payment
Default or a Maturity Date Default has been made, no further Demands may be
made by Beneficiary with respect to such Installment Note.  A Demand may be made pursuant to this Guaranty
at any time on a Business Day during Guarantor’s regular business hours.  As used in this Guaranty, “Business Day”
shall mean any day other than a Saturday or Sunday, or a day on which
commercial banks in North Carolina or New York are authorized by law to close.

 

Notwithstanding anything to the contrary in
this Guaranty, Guarantor shall only be liable to Beneficiary for the payment of:

 

(i)                                     upon
an Interest Payment Default, the regularly scheduled payment of interest which
was due on the Installment Note on the date of such Interest Payment Default
(provided a Demand was delivered to Guarantor within the notice period set
forth in subparagraph (a) above);

 

(ii)                                  upon
an Accelerated Payment Default, (A) accrued and unpaid interest on the Installment
Note from the last Payment Date on which payment was made through and until the
earlier to occur of (1) the first Business Day after the date of delivery
of the applicable Demand to Guarantor and (2) the date which is two
hundred forty (240) days from such Payment Date, and (B) the outstanding
principal balance of such Installment Note (provided a Demand was delivered to
Guarantor within the notice period set forth in subparagraph (b) above); and

 

(iii)                               upon
a Maturity Payment Default, (A) accrued and unpaid interest on the Installment
Note from the last Payment Date on which payment was made through and until the
earlier to occur of (1) the first Business Day after the date of delivery
of the applicable demand to

 

2

 

Guarantor and
(2) the date which is two hundred forty (240) days from such Payment Date,
and (B) the outstanding principal balance of such Installment Note (provided a
Demand was delivered to Guarantor within the notice period set forth in
subparagraph (c) above).

 

Further
notwithstanding anything to the contrary in this Guaranty, Guarantor shall have
no liability to Beneficiary for any Guaranteed Obligations for which a Demand
is not delivered to Guarantor within the notice periods set forth in
subparagraphs (a), (b) and (c) above.

 

4.                                       Guarantor
agrees that (i) any such written notice of demand properly delivered prior
to 12:00 noon (Eastern Standard Time or Daylight Time, as applicable) on any
Business Day will be honored no later than 3:00 p.m. (Eastern Standard Time or
Daylight Time, as applicable) on the next succeeding Business Day, and
(ii) any such written notice of demand properly delivered after 12:00 noon
(Eastern Standard Time or Daylight Time, as applicable) on any Business Day
will be honored no later than 3:00 p.m. (Eastern Standard Time or Daylight
Time, as applicable) on the second succeeding Business Day.  Payments under this Guaranty shall be made in
immediately available funds in US dollars in accordance with the payment
instructions set forth in such written notice of demand.

 

5.                                       This
Guaranty is a continuing guarantee of payment and will not be discharged except
upon (i) complete indefeasible payment of the Guaranteed Obligations,
notwithstanding any extensions, waivers, amendments, renewals or any other
modifications or indulgences in relation to, or substitutions for, the Guaranteed
Obligations or any part thereof, or (ii) the termination of this Guaranty
by Beneficiary by written notice to Guarantor.

 

6.                                       Guarantor
represents at all times under this Guaranty that: (a) it is duly organized or
formed, validly existing and in good standing under the laws of its
jurisdiction or organization or formation; (b) it is duly authorized to enter
into and perform its obligations under this Guaranty; (c) nothing in this
Guaranty violates or conflicts with any applicable law or regulation, any of
its constitutional documents, or any contractual agreement binding on it; (d)
all governmental consents required for this Guaranty are in effect; and (e) its
obligations under this Guaranty are legally binding and enforceable except as
general principles of equity and bankruptcy or other similar laws affect the
enforcement of creditors’ rights generally.

 

7.                                       Until
complete indefeasible payment of the Guaranteed Obligations, Guarantor shall
not exercise any right of subrogation in relation to payments made by Guarantor
pursuant to this Guaranty.  Guarantor
waives any benefit of collateral (if any) which may from time to time secure all
or any of Guaranteed Obligations and authorizes Beneficiary to take any action
or exercise any remedy in relation to the Guaranteed Obligations without notice
to Guarantor.  Guarantor acknowledges
that the Guaranteed Obligations are subject to limitations set forth in the
Installment Note, and that to the extent Guarantor is subrogated under this
Guaranty to Beneficiary’s rights under the Installment Notes, such rights will
remain subject to all limitations applicable to the Guaranteed Obligations.

 

8.                                       Guarantor
shall pay all costs, fees and expenses (including reasonable attorneys’ fees)
incurred by Beneficiary in collecting or enforcing the Guaranteed Obligations.

 

3

 

9.                                       No
provision of this Guaranty may be amended, supplemented or modified, or any of
the terms and provisions of this Guaranty waived, except by a written
instrument executed by Guarantor and Beneficiary.  Any release of Guarantor under this Guaranty
shall be ineffective unless in writing executed by the Beneficiary.

 

10.                                 This
Guaranty shall bind Guarantor, its successors and assigns; inure to the benefit
of Beneficiary, its successors and assigns; and be governed by the laws of New
York.  Guarantor shall have no right to
assign its obligations to any other party without the written consent of
Beneficiary.  With respect to any suit,
action or proceedings relating to this Guaranty, Guarantor irrevocably waives
(to the fullest extent permitted by law) any and all right to trial by jury in
any legal proceeding in connection with this Guaranty.

 

11.                                 All
payments under this Guaranty will be made without any deduction or withholding
for or on account of any taxes (other than stamp, registration, documentation,
or similar tax) unless such deduction or withholding is required by any
applicable law, as modified by the practice of any relevant governmental
revenue authority, then in effect.  If
Guarantor is so required to deduct or withhold on account of such taxes, then
the Guarantor will (i) promptly notify Beneficiary of such requirement; (ii)
pay to the relevant authorities the full amount required to be deducted or
withheld (including the full amount required to be deducted or withheld from any
amount paid by Guarantor to Beneficiary under clause (iv) below) promptly upon
the earlier of determining that such deduction or withholding is required or
receiving notice that such amount has been assessed against Beneficiary; (iii)
promptly forward to Beneficiary an official receipt (or a certified copy), or
such other documentation reasonably acceptable to Beneficiary, evidencing such
payment to such authorities; and (iv) pay to Beneficiary, in addition to the
payment which Beneficiary is otherwise entitled under this Guaranty, such
additional amount as is necessary to ensure that the net amount actually
received by Beneficiary (free and clear of any such taxes, whether assessed
against Guarantor or Beneficiary) will equal the full amount Beneficiary would
have received had no such deduction or withholding been required.

 

12.                                 This
Guaranty is nonnegotiable, and the benefits of this Guaranty may not be
transferred by Beneficiary except in conjunction with the transfer of an
Installment Note.

 

13.                                 Any
provision of this Guaranty which is prohibited or determined by a court of law
to be 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 or affecting the validity or
enforceability of such provision in any other jurisdiction.

 

14.                                 Notices
or communications in respect of this Guaranty shall be addressed to Guarantor
at its address provided below.

 

[SIGNATURE PAGE FOLLOWS]

 

4

 

IN WITNESS WHEREOF, Guarantor has executed
this Guaranty by its duly authorized officer as of the day first above written.

 

	
   

  	
  LEHMAN BROTHERS HOLDINGS INC., a Delaware corporation

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ David Goldfarb

  	
   

  
	
   

  	
  Name:

  	
  Goldfarb, Dave

  	
   

  
	
   

  	
  Treasurer:

  	
  CFO and MD

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Address:

  	
  Lehman Brothers Holdings Inc.

  
	
   

  	
   

  	
  745 Seventh Avenue, 14th Floor

  
	
   

  	
   

  	
  New York, NY 10019

  
	
   

  	
   

  	
  Attn: Global Treasurer

  
	
   

  	
   

  	
  Telephone: (212) 526-7000

  
	
   

  	
   

  	
  Facsimile: (646) 758-3204

  
							

 

5

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