International Power Group, Ltd. Watch

from 8-K 7 pages This Guaranty (The “Guaranty”), Dated as of April 7, 2008, Is Entered Into by International Power Group, Ltd., a Delaware Corporation (“Parent”), Iwpg Grupo De Mexico, a Mexico Corporation, Ipwg Se, a Swedish Corporation, Add Power Inc., a Nevada Corporation, Ipwg Uk, a United Kingdom Corporation, Ipwg Saudia, a Saudi Arabia Corporation, and Ipwg Egypt, an Egyptian Corporation (Each a “Guarantor” and Collectively, “Guarantors”), for the Benefit of the Collateral Agent Identified Below and the Parties Identified on Schedule a Hereto (Each a “Lender” and Collectively, the “Lenders”). 2. Recitals. 2.1 Each Guarantor Is a Direct or Indirect Subsidiary of Parent. the Lenders Have Made and/or Are Making Loans to Parent (The “Loans”). Guarantor Will Obtain Substantial Benefit From the Proceeds of the Loans. 2.2