Personal Credit Guarantee

This Personal Credit Guarantee (the "Guarantee") is made by the undersigned individual ("Guarantor") for the benefit of Nav Technologies, Inc. ("Nav"). By executing this Guarantee, Guarantor agrees to personally, unconditionally, and irrevocably guarantee the full and prompt payment and performance of all obligations arising under or in connection with the Nav Prime Charge Card (the "Card") issued to the business associated with the Card account (the "Business"). In exchange for valuable consideration, the sufficiency of which is hereby acknowledged, the undersigned Guarantor agrees to the following terms and conditions set forth in this Personal Credit Guarantee.

1. Personal Guarantee Obligations

Guarantor hereby guarantees the full payment of any and all amounts due under the terms and conditions applicable to the Card, including but not limited to charges, fees, interest, and any collection costs incurred by Nav in pursuing unpaid amounts. This includes, without limitation, reasonable attorney’s fees and expenses, whether or not legal proceedings are initiated. This Guarantee is absolute and unconditional, and Nav may proceed against Guarantor for any amounts owed without first seeking to collect from the Business or any other responsible party. In the event of default under this Guarantee, Guarantor agrees to pay all reasonable costs and expenses incurred by Nav in enforcing this Guarantee, including but not limited to, collection costs, court costs, and reasonable attorney’s fees, whether or not legal action is initiated. Guarantor further agrees that these costs shall be added to the amounts due under this Guarantee and shall be enforceable as part of the obligation guaranteed hereunder. Guarantor agrees that Nav may set off any amounts owed by Guarantor under this Guarantee against any amounts due to Guarantor from Nav, including but not limited to refunds or credits. 

2. Reporting to Consumer Credit Agencies

Guarantor acknowledges and agrees that Nav will now report payment activity related to the Card to consumer credit reporting agencies. Guarantor understands that payment activity associated with the Business’s use of the Card may appear on Guarantor’s personal credit report. By executing this Guarantee, Guarantor acknowledges and agrees that Nav may obtain, monitor and share Guarantor’s personal credit information with consumer reporting agencies and other relevant parties as necessary to manage and enforce this Guarantee.

3. Negative Information Disclosure

Nav may report information about Guarantor’s account to credit bureaus. Late payments, missed payments, or other defaults on the Business’s account may be reflected in Guarantor’s credit report.

4. Electronic Signature and Individual Capacity

Guarantor acknowledges that by agreeing to the terms of this Guarantee, Guarantor is signing this Guarantee in an individual capacity and not as a representative of the Business. Guarantor further agrees that this electronic signature constitutes a binding and legally enforceable obligation as if signed in ink.

5. Miscellaneous

This Guarantee shall be binding upon Guarantor and Guarantor’s assigns and shall be governed by the laws of the state of Delaware, without regard to its conflict of law provisions. In the event of any conflict between the terms of this Guarantee and any other agreements related to the Nav Prime Charge Card, including but not limited to the Nav Prime Card Terms of Use or any cardholder agreements, the terms of this Guarantee shall govern and take precedence. Guarantor acknowledges that this Guarantee is a separate and distinct obligation, and any inconsistencies shall be resolved in favor of this Guarantee. If any provision of this Guarantee is found to be invalid or unenforceable by any court of competent jurisdiction, the remaining provisions shall remain in full force and effect.