Amended Guaranty Agreement by Beard Technologies, Inc. for Fourth Amended and Restated Promissory Note
Beard Technologies, Inc., an Oklahoma corporation, guarantees the payment of principal and interest on a specific promissory note dated July 26, 2006 (effective as of October 7, 2005). This agreement replaces all previous guarantees made by the company regarding this note. Beard Technologies, Inc. is legally committing to cover the debt if the original borrower fails to pay.
AMENDED GUARANTY
For value received, Beard Technologies, Inc., an Oklahoma corporation whose address is Enterprise Plaza, Suite 320, 5600 North May Avenue, Oklahoma City, Oklahoma 73112, guarantees payment of principal and interest of that certain Fourth Amended and Restated Promissory Note executed on July 26, 2006, but effective for all purposes as of October 7, 2005. This Guaranty supersedes and replaces our previous Guarantees dated September 29, 2005, February 7, 2006, March 22, 2006 and May 1, 2006.
| Dated: July 26, 2006 | BEARD TECHNOLOGIES, INC. |
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| By | /s/Herb Mee, Jr. |
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| Herb Mee, Jr., Vice President |
