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EXHIBIT E <br />Form of Personal Guaranty <br />To induce the City of Little Canada, Minnesota (the "City "), to convey the Development <br />Property (as defined in the Development Agreement) to Country Drive Investors, <br />1 .L.C.1nvestments, LLC (the "Developer") as provided in that certain Development Agreement <br />between the City and the Developer, dated , 2001 (the "Development <br />Agreement "), the undersigned hereby unconditionally guarantees payment of all sums payable <br />by the Developer to the City in accordance with the terms of Section 7.3 of the Development <br />Agreement. <br />No notice of any renewal, compromise or extension of the Development Agreement or of <br />any modification in the terms of the same need to be given to the undersigned, who hereby <br />consents to each of such acts. The undersigned hereby expressly waives presentment, demand, <br />notice of nonpayment, protest and notice of protest on any obligation and also acceptance of this <br />guaranty. <br />The undersigned agrees that possession of this instrument of guaranty by the City shall be <br />conclusive evidence of due delivery hereof by the undersigned. <br />This guaranty shall be construed according to the laws of the State of Minnesota, in <br />which state it shall be performed by the undersigned. <br />Dated as of the day of , 2001. <br />1316916v1 <br />Page 80 <br />