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HomeMy WebLinkAboutAD05-332 - Other - Springboard Holdings, LLC - Certificate of Guarantor - 09/14/2006 CERTIFICATE OF GUARANTOR In connection with that certain Commercial Promissory Note dated as of September 14, 2006 in the original principal amount of$11,413,000 00 in favor of Centurion (the "Loan Agreement"), among Springboard Holdings, L L.0 , Washington limited liability company (the "Borrower") and Centurion Financial Group, LLC, a Washington limited liability company (the "Lender"), and that certain Guaranty dated as of September 14, 2006 made by PLAN B DEVELOPMENT, LLC (the "Guarantor") in favor of Lender, the undersigned sole member of Guarantor hereby certifies as follows 1. BEN ERREZ is the sole member of Guarantor. 2 The certificate of formation and the limited liability company agreement of Guarantor, as heretofore amended and previously provided to Lender. are true, correct and complete copies thereof. IN WITNESS WHEREOF, the undersigned has signed this Certificate as of September 14, 2006. Ben Er Sole 17 be SPRINGBOARD HOLDINGS,L L C Resolution—Guamntor(CrG) IR lChwus\I630S4D8487 DOC) COPY ,{