Inconsideration of Rio Grande Co., extending credit to the Applicant for purchasing any materials after this date at the request of Applicant or its agents, the undersigned hereby personally guarantees unconditionally and irrevocably the prompt payment of any sums now or hereafter owed Rio Grande Co., for material supplied at the request of the Applicant or its agents, including all service charges and costs of collection, whether said sums are or will be due Rio Grande Co., under open account, contract, or otherwise. It is understood and agreed that credit, if extended, is to be on a continuing basis, and Rio Grande Co. shall not be obligated to notify the undersigned of the dates or amounts of any such credit, and the undersigned waives demands, notice of default, any extension of time, modification or other forbearance which may be extended by Rio Grande Co., may enforce this guaranty against the undersigned directly without first having exhausted its remedies against Applicant.
This Guaranty shall continue in force until notice in writing sent by registered or certified mail, return receipt requested, is received by Rio Grande Co., 3990 Havana St, Denver, Co. 80239. Attention: Credit Manager. This notice is to specify the date on which the Guaranty is to be terminated; said date not to be less than seven (7) days after the described notice is received. This agreement shall be deemed to have been entered into in the State of Colorado. Unless otherwise required by law, the parties agree that the Courts for the City and County of Denver, State of Colorado shall have exclusive jurisdiction over any legal actions. The parties agree and consent to the jurisdiction of that court over the subject matter of those controversies and over them personally.