Exhibit 10.6
 
SECOND REAFFIRMATION OF VALIDITY GUARANTY
 
SECOND REAFFIRMATION OF VALIDITY GUARANTY, dated as of October 28, 2011, made by
David J. Fremed (the “Guarantor”) of MMB Holdings LLC, a Delaware limited
liability company (“Agent”) and the Holders (as defined below), in respect of
the Guaranty (as defined below).
 
RECITALS
 
WHEREAS, Zoo Publishing, Inc., a New Jersey corporation (the “Company”) entered
into that certain Factoring and Security Agreement, dated as of September 9,
2009 (as amended, supplemented or otherwise modified, the “Original Factoring
Agreement”), by and between the Company and Working Capital Solutions, Inc., a
Delaware corporation (“Original Factor”).
 
WHEREAS, in connection with the Original Factoring Agreement, the Guarantor made
that certain Validity Guaranty, dated as of September 9, 2009 (the “Validity
Guaranty”), in favor of Original Factor.
 
WHEREAS, pursuant to that certain Limited Recourse Assignment, dated as of June
24, 2011 (the “Original Assignment Agreement”) by Working Capital Solutions,
Inc. to Panta Distribution, LLC, a Delaware limited liability company (“Panta”),
Original Factor assigned to Panta the Factoring Agreement and the Validity
Guaranty.
 
WHEREAS, immediately after the assignment of the Factoring Agreement and the
Validity Guaranty to Panta pursuant to the Original Assignment Agreement, the
Company and Panta amended and restated the Factoring Agreement as set forth in
that certain Amended and Restated Factoring and Security Agreement, dated as of
June 24, 2011 (as amended by that certain First Amendment to Amended and
Restated Factoring and Security Agreement, the “First A&R Factoring Agreement”),
and Guarantor reaffirmed the Validity Guaranty.
 
WHEREAS, Panta and Agent have entered into that certain Limited Recourse
Assignment, dated as of the date hereof (the “Limited Recourse Assignment”),
pursuant to which Panta assigned to Agent, as agent for the benefit of the
Holders (as such term is defined in Second A&R Factoring Agreement) the First
A&R Factoring Agreement, the Validity Guaranty and the other Assigned Documents
(as defined in the Limited Recourse Assignment).
 
WHEREAS, immediately after the assignment of the First A&R Factoring Agreement
and the Validity Guaranty to Agent pursuant to the Limited Recourse Assignment,
the First A&R Factoring Agreement has been amended and restated by that certain
Second Amended and Restated Factoring and Security Agreement, dated as of the
date hereof  (the “Second A&R Factoring Agreement”) by and between the Company
and Agent for the benefit of Holders (as such term is defined in the Second A&R
Factoring Agreement, “Holders”).
 
WHEREAS, the Guarantor wishes to reaffirm that the provisions of the Validity
Guaranty shall remain in full force and effect upon the effectiveness of the
Second A&R Factoring Agreement and as otherwise provided herein;
 
WHEREAS, the Guarantor wishes to reaffirm the Validity Guaranty in favor of
Agent for the benefit of Holders.
 
 
 

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NOW, THEREFORE, the Guarantor agrees as follows:
 
1.           The Guarantor hereby acknowledges receipt of the Second A&R
Factoring Agreement and consents to the terms thereof and execution thereof by
the Company;
 
2.           The Guarantor hereby reaffirms to Agent, for the benefit of
Holders, all obligations of the Guarantor pursuant to the terms of the Validity
Guaranty and acknowledges that the guarantee contained in the Validity Guaranty
is continuing and in full force and effect in favor of Agent for the benefit of
Holders.
 
3.           The Guarantor acknowledges that Agent may amend, restate, extend,
renew or otherwise modify the Second A&R Factoring Agreement and any
indebtedness or agreement of the Company, or enter into any agreement or extend
additional or other credit accommodations, without notifying or obtaining the
consent of the Guarantor and without impairing the liability of the Guarantor
under the Validity Guaranty.
 
[The signature is on the following page.]
 
 
 

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GUARANTOR:
     
/s/ David Fremed
 
David J. Fremed, as an individual Guarantor

Signature Page - Second Reaffirmation of Validity Guaranty
 
 
 

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