23.06.2006 DATED 25" June 21 (1) PETER GUNTRIP (2) ESEARCHVISION (UK) LIMITED. GUARANTEE SHADBOLT & COLLP ‘Chatham Court Lesbourne Road Reigate ‘Surrey RH27LD srivenaeon coees01 xGUARANTEE dated 23.06.2008 BETWEEN 1 PETER GUNTRIP of 32 Field Rise, Swindon, SN1 4HP (‘the Guarantor’) and ESEARCHVISION (UK) LIMITED a company incorporated and registered in England and Wales with company number 05400802 whose registered office is at clo Paul Stevens- ‘lswang, 90 High Holbom, London WC1V 6XX (the Company’) ITIS HEREBY AGREED as follows: 1 In consideration of the Company agreeing from time to time to provide services to APS Morigages Limited (Jersey), a company incorporated and registered in Jersey with company number 80281, whose registered offce is at 3% Floor, Welingion House, St Helier, Jersey, JE2 3RF (the Client’), the Guarantor hereby unconditionally and krevocably guarantees tothe Company the due and punctual performance by the Cient ofall ofits biigations fom time to time to the Company and the due and punctual payment by the Cie to the Company ofall sums which may from time to time be due from the Client to the Company. If the Client falls to make any payment to the Company on the due date, the Guarantor shall immediately on demand from the Company personally make such payment to the Company as if t were the principal obligor and shall indemnify the Company on demand ‘against all costs, losses, damages, charges and expenses incurred or suffered by the Company either directly or indirectly as a result of the failure by the Client to make payment ‘duly and punetually. ‘This Guarantee shall be a continuing guarantee and remain in full force and effect until terminated by not less than six months notice in writing from the Guarantor to the ‘Company, provided that such termination shall be without prejudice to the Guarantor’s TAD TO SUS OE BT OT TURE CST TS TH COMBA BUTE GATE OT TST ‘This Guarantee shail not be affected in any way by any time or indulgence granted to the Client or any variation, compromise or release of any obligation of the Client to the ‘Company nor by the liquidation or dissolution of the Client nor by the appointment of receiver or administrator nor by any circumstances affecting the obligations ofthe Client to ‘meet its liailties to the Company. In the event of any matters as aforesaid, the Guarantor10, shall be lable for the obligations of the Client arising under this Guarantee as if he were primary obligor ‘The Guarantor shall not be entitled to prove in the liquidation of the Client in competition with the Company until the Company shall have been paid in full all monies owed to it pursuant tothe terms of this Guarantee, No delay or omission on the part of the Company in exercising any right, power, prvi remedy in respect of the guarantee contained in this Guarantee shall impair such right power, prvlage or remedy or be construed as a waiver of it nor shall any single or partial ‘exercise of any such right, power, privilege or remedy preclude any further exercise of it or the exercise of any other right, power, privilege or remedy. ‘The rights, powers, privileges and remedies provided in this Guarantee are cumulative and rot exclusive of any rights, powers, privileges or remedies available to the Company that are provided by law. ‘Any demand made by the Company under this Guarantee shall be given by first class prepaid post addressed to the Guarantor at his address stated above. A demand so made shall be deemed to have been duly made, if eft at such address, on the day it was so left or if sent by ist class prepaid post, 2 business days after the time when the demand was put in the post and in proving delivery it shall be suficent to prove that the same was. properly addressed and putin the post ‘The Guarantor shall indemnify the Company immediately on demand against any cost, loss ‘oF lability suffered by the Company if any obligation guaranteed by itis or becomes Lnenforceable, invalid, or legal. The amount of the cost, loss, or lability shall be equal to the amount which the Company would otherwise have been entitled to recover. ‘Where a sum is required to be paid by the Guarantor under this Guarantee but isnot paid ‘Oh The dus Gate, the Guarantor shall also pay Merest on that sum Tore period beginning with that date and ending with the date the sum is paid (and such period shall continue after as well as before any judgement). Interest under this clause 10 shall accrue at the rate of 4% per annum above the base lending rate from time to time of HSBC Bank PLC on. 2 dally basis and be compounded quarterly.