Extract to table

2 Guaranteed Obligations The guaranty shall cover all payment and performance obligations of Meridian DataCore Solutions Inc

3 Guaranty Cap The maximum aggregate liability of the Guarantor under the guaranty shall be capped at $14,000,000 (fourteen million dollars)

The guaranty cap is a cumulative lifetime cap, not an annual cap, and once aggregate draws or payments under the guaranty equal $14,000,000, the Guarantor's obligations thereunder shall be fully discharged

If a Seller Default or Seller Event of Default is outstanding as of such date, the step-down shall be deferred until such default has been cured or waived

The Seller LC shall be subject to and governed by the Uniform Customs and Practice for Documentary Credits, 2007 Revision, ICC Publication No

For the avoidance of doubt, the draw conditions are limited to the specific events enumerated above and in the Form of Letter of Credit, and Buyer shall not be entitled to draw on the Seller LC for any other purpose or upon the occurrence of any event not constituting a qualifying draw condition