Before you sign: a personal guarantee

This clause makes you personally liable for your company’s loan

• Find the guarantee. It may be a separate exhibit, or a section inside the lease or loan.
• Check what it covers: the whole debt, interest, legal fees, and any future debt.
• Check whether it has a dollar cap. With no cap, you owe all of the debt it covers, plus interest and costs.
• Check whether it has an end date, and what has to happen for you to be released.
• Check whether the lender must go after the company first. A guarantee of payment usually lets it come to you directly.
• Ask for a dollar cap, an end date, and a release when you leave the company or after a run of on time payments.

The clause in this guide: Personal Guarantee, Exhibit 10.3, CIK 1812447, Form 8-K, filed with the SEC on July 2, 2026. https://www.sec.gov/Archives/edgar/data/1812447/000109690626001038/skyq_ex10z3.htm

BeforeJD is not a law firm. This is informational only, not legal advice.