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THIS C~IIAR~NTEE A(~REE~iENT is made as of November 30,
1970, by CoxTtxsxTeL Ou, CoxrsxY, a Delaware corporation (herein
called "Continental"), to Da~.sn•es~ W$sTS$x PaorB,s~s, Ixc., a Dels-
ware corporation (herein called "Properties", wluch term shall include
txny sncceasors to Delaware Western Properties, Inc., by merger or by
sale, assignment or transfer as permitted by the Indenture hereinafter -
mentioned)~ AII(~ BANS$BS TBIIST CO~iPANY &II(~ R. I. Lexnev, as trastees
(hereinafter colleetively called the "Trustee"), under an Indenture from
Properties to Bw~x~x5 Tsvsr CO~iPANY~ as Escrow ~gent, and the
Trustee, dated as of November 30,1970 (herein called the ~~Indenture").
- WITDiESSBTIi :
,
t Wass~~s, pursuant to thc Indenture, Properties is to issue its 9%
i Notes Dne 2000 and its Snbstitute \'ot_es (herein collectively called the
~ "Notes") in an aggregate principal amonnt not. exceeding $25,000,000;
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and ~
Wa~ses, the proceeds of the sale of the 1~Totes are to be applied b}
Properties to, among other things, the purchase of certain lands and
improvementa from COM~P, Ixc., a Dels~are corporation (herein
together with its snecessors and assigus, by u~erger, consolidation, sale ~
of assets or otherwise, called the "Company"), pnrsnant to the Lease `
and Agreement. of evei~ date (herein, together ~vith all supplements ;
and amendments thereto, called the "Lease") to ~chich this Guarantee ;
~greement is attached ; and ~
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Wass~+s, conenrrently with the esecution and delivery hereof - ~
Properties has assigned to the Trustee, as security for, among othei• ~
~ things, the dne and punetual payment of the I~Totes, ~11 its estate, right, ~
~ title and interest in and to the Lease pursuant to au assignment ( hereiii ~
~ called the "Assignment") dated as of November 30, 1970 from Prop-
~ erties and the Company to the Trnstee; and
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~ , W~$Ees, Continental owns all of the outstanding capital stock of
the Company and is egecuting and delivering this (~uarantee Agreement i
as au inducement to PropertiES to enter into the Lease and to the Pur- ~
~ chasers of the Notes to purchase the same ;
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