hereby agrees to pay all amounts owing to Visco Industrial (Bolton) Inc. and/or to Visco Industrial (Barrie) Inc., (“VISCO”) including but not limited to all outstanding invoices, orders, claims or indebtedness, including interest on overdue amounts at the rate of ten per cent (10%) per annum, calculated annually together with payment of all substantial indemnity legal fees incurred by VISCO for all collection and enforcement actions taken.
for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, hereby personally guarantee the indebtedness of
to Visco Industrial (Bolton) Inc. and/or to Visco Industrial (Barrie) Inc. I agree to be personally responsible and liable to pay all amounts owing under this credit agreement (jointly and severally), including but not limited to all outstanding invoices, orders, claims or indebtedness, including interest on overdue amounts at the rate of ten per cent (10%) per annum, calculated annually together with payment of all substantial indemnity legal fees incurred by VISCO for all collection and enforcement actions taken.