The ( Guarantor) undertakes to indemnify or redeem the Company by reason of any default, conversion, embezzlement, theft, fraud and debts to the company by the applicant, undertake and agrees to personally make good such property/ properties or pay in cash/cheque the equivalent of such money/income misappropriated within 30 clear days following a NOTICE from the company.

The Guarantor further undertakes to be named a party of any civil litigation/action arising from any default of action arising from claims of recovery of the property/properties and/or money/monies so wrongfully withheld, embezzled, converted, stolen and such acts which shall be prejudicial to the (company)