This Promissory Note is an unsecured note in which instalment payments will be made. This note differs from other promissory notes in that repayment is assured by a guarantor who, in effect, acts as a co-signer of the note. This guarantor agrees that if any payments are late or unpaid, they will make the payments and also pay for any costs of collection. Having a written Promissory Note with Guarantor will prove valuable in the event of default or litigation.

Among others, this Promissory Note with Guarantor contains the following provisions:

• Amount Borrowed and Date: Sets out the amount of the note and the date signed;
• Parties, Amount and Interest Rate: Sets out the names and addresses of the parties, the principal amount of the note and the note’s interest rate;
• Payments: Sets out the amount of payments, the due date and when the note is payable in full;
• Guaranty: Sets out the name, address and signature of the guaranty of the note.

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This attorney-prepared packet contains:

1. General Information
2. Promissory Note (with Guarantor) for use in Rhode Island

State Law Compliance: This form complies with the laws of Rhode Island