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The Promissory Note With Personal Guarantee is a crucial financial instrument used in the Netherlands when a formal commitment to repay a debt needs to be reinforced by a personal guarantee from a third party. This document is particularly valuable in situations where additional security is required beyond the primary debtor's promise to pay, such as in private lending arrangements, business loans, or significant financial transactions. The document must comply with Dutch law, specifically the provisions of the Burgerlijk Wetboek regarding debt instruments and guarantees. It includes detailed information about the debt obligation, payment terms, interest rates, and the scope of the personal guarantee, while establishing clear enforcement mechanisms under Dutch jurisdiction. This type of document is commonly used in business financing, real estate transactions, and private lending arrangements where the lender seeks additional assurance of repayment through a personal guarantor.

1. Parties: Identification of the Promissory Note issuer (Promisor), the Beneficiary (Promisee), and the Personal Guarantor

2. Background: Brief context of the debt obligation and reason for the personal guarantee

3. Definitions: Definition of key terms used in the document

4. Promise to Pay: The core promise to pay, including the principal amount, currency, and basic payment terms

5. Interest Rate: Specification of the applicable interest rate, calculation method, and payment frequency

6. Payment Terms: Detailed payment schedule, method of payment, and payment instructions

7. Personal Guarantee: Terms of the personal guarantee, including scope, obligations, and confirmation of the guarantor's commitment

8. Events of Default: Circumstances that constitute default and their consequences

9. Enforcement: Rights and procedures for enforcing the note and guarantee

10. Governing Law and Jurisdiction: Specification of Dutch law as governing law and jurisdiction for disputes