PERSONAL GUARANTEE William R.

Hambrecht (the Guarantor) is the indirect beneficial owner of a majority of the equity interests in UFL Team Omaha, LLC, a Delaware limited liability company doing business as the Omaha Nighthawks (the Company). To induce ________________________ (the Recipient) to continue to provide services and/or products to the Company, the Guarantor will hereby guaranty the payment obligations set forth on Exhibit A hereto. NOW, THEREFORE, in consideration for the promises and covenants herein contained, the Guarantor agrees as follows: 1. Guaranty. Guarantor guarantees to Recipient and his, her or its permitted successors and assigns, the payment when due of all payment obligations of the Company to Recipient identified on Exhibit A (the Specified Obligations). The liability of Guarantor hereunder shall be primary, direct and unconditional and may be enforced without requiring Recipient first to resort to any other right, remedy or security. This is a guaranty of payment and not merely of collection. 2. Recovery. If any Specified Obligation of the Company to Recipient identified on Exhibit A is not paid when due, Guarantor shall become liable to Recipient for such obligation, and Recipient may recover from Guarantor the full amount of any such obligation payable on demand. Any amount owing shall be paid no later than October 31, 2012 to the account designated by the Recipient in the records of the Company, as it may be amended from time to time. No provision hereof shall in any manner restrict the rights and remedies of Recipient under any other document or instrument or under applicable law. 3. Defenses. Anything in this Guarantee to the contrary notwithstanding, the Guarantor shall have, and shall be entitled to assert or exercise, all of the defenses, remedies and other rights available to the Company in respect of any Specified Obligation or applicable law; provided that Guarantors obligations hereunder shall not be terminated, waived or affected in any way by the voluntary or involuntary liquidation, dissolution, sale of any collateral, receivership, insolvency, bankruptcy, assignment for the benefit of creditors, reorganization, arrangement, composition or readjustment of debt of, or other similar proceedings affecting, the Company or any of its assets. 4. Representations. The Guarantor represents and warrants to Recipient that his execution, delivery and performance of this Guarantee does not require the consent of any third party and that this Guarantee constitutes the valid and binding obligation of Guarantor, enforceable in accordance with its terms. 5. Expenses. Guarantor agrees to pay, upon demand therefor reasonable attorneys fees and all other costs and expenses that may be incurred by Recipient in the enforcement of this Guaranty. 6. Successors and Assigns. The obligations of Guarantor hereunder shall be binding upon his successors, representatives, estate, heirs and assigns and shall inure to the benefit of Recipient and his, her or its successors, representatives, estate, heirs and assigns.
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7. Termination. This Guarantee shall automatically terminate and have no further force or effect upon payment in full of the Specified Obligations. 8. Governing Law. This Guarantee shall be construed in accordance with the laws of the State of Nevada without giving effect to principles of conflicts of law. [signature page follows]

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IN WITNESS WHEREOF, the Guarantor has executed this Guarantee as of October__, 2012.

_________________________________ William R. Hambrecht

ACCEPTED:

__________________________ Recipient Address: __________________ __________________ ___________________

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EXHIBIT A To be individualized for each Recipient the following is an exemplar Player All payment obligations in respect of your services to the Company for the period beginning ___________, 2012 through October 13, 2012, estimated as of the date hereof to be $________.

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