Valid and Binding Obligation. This Guaranty Agreement has been duly executed and delivered by Guarantor and constitutes a ​, valid and binding obligation of Guarantor, enforceable against Guarantor in accordance with its terms, subject to the effects of bankruptcy, insolvency, reorganization, moratorium, and similar laws affecting

this Guaranty Agreement has been duly executed and delivered by Guarantor and constitutes a ​,legal, valid and binding obligation of Guarantor,the ​, enforceable against Guarantorthe ​ in accordance with its terms, subject to the effects ofexcept as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, andmoratorium or similar laws affecting creditors’ rights or remedies generally and by general principles of equity and an implied covenant of good faith and fair dealing;