Exhibit 10.3
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                                    GUARANTY
                                    --------

     THIS  GUARANTY  is  made  as  of  November  30,  2005,  by  POLYSTICK  U.S.
CORPORATION,  a New York corporation (the  "Guarantor"),  to and in favor of 116
NEWARK AVENUE CORPORATION, a New Jersey corporation ("Newark").

     WHEREAS,  the  Guarantor  is a  significant  stockholder  of GSV,  Inc.,  a
Delaware corporation ("GSV");

     WHEREAS,  pursuant to a Termination,  Settlement  and Release  Agreement of
even date herewith (the "Settlement  Agreement"),  Newark and GSV have agreed to
settle  certain claims in connection  with the  termination of the certain Lease
Agreement  dated June 11, 1998  pertaining  to the third  floor of the  building
located at 116-20 Newark Avenue, Jersey City, New Jersey;

     WHEREAS,  pursuant to the Settlement Agreement,  as of the date hereof, GSV
is delivering to Newark a two-year 7% promissory note in the principal amount of
$356,249.04 (the "Note"); and

     WHEREAS,  it is a  condition  precedent  to the  closing of the  Settlement
Agreement  that the  Guarantor  executes and delivers  this  Guaranty to Newark,
pursuant to which the Guarantor  will guarantee to Newark and its successors and
assigns  that all of GSV's  obligations  under the Note that may  become due and
payable  under the terms and  conditions  thereof will be promptly  paid in full
when due.

     NOW,  THEREFORE,  in consideration of the mutual covenants set forth herein
and for other good and valuable  consideration,  the receipt and  sufficiency of
which is hereby  acknowledged,  the  Guarantor,  intending to be legally  bound,
represents, warrants, covenants and agrees as follows:

     1. Guaranty. (a) The Guarantor absolutely,  irrevocably and unconditionally
hereby  guarantees  to Newark and its  successors  and assigns that all of GSV's
obligations  under  the Note  (the  "Obligations"),  as such  instrument  may be
amended,  modified or  supplemented  from time to time, will be paid promptly in
full  when  due.  This  Guaranty  shall  be a  guaranty  of  payment  and not of
collection, and the Guarantor hereby agrees that its obligations hereunder shall
be primary and unconditional,  irrespective of any action to enforce the same or
any other  circumstances  that might  otherwise  constitute a legal or equitable
discharge to the Guarantor.  Guarantor  further agrees to pay Newark's  expenses
(including  attorney's  fees) paid or incurred in  endeavoring  to enforce  this
Guaranty or the Pledge Agreement hereinafter  referenced,  or the payment of the
Obligations.

        (b) The  Guarantor  hereby (i) waives diligence, presentment,  dishonor,
notice of  dishonor,  demand of  payment,  filing of claims  with a court in the
event of insolvency  or  bankruptcy  of GSV, any right to receive  notice of any
change,  amendment,  modification or  supplementation  to the Note, any right to
require demand for payment or a proceeding  first against GSV,  protest,  notice
and all other demands or notices  whatsoever,  all rights to  subrogation  or to
demand any payment  from GSV until the  indefeasible  payment in full of all the
Obligations, and (ii) covenants that this Guaranty will not be discharged except
by  payment  in full of the  Obligations.

        This Guaranty shall be  enforceable  without Newark having to proceed
first against GSV (any right to require  Newark to take action against GSV being
hereby  expressly  waived)  or  against  any  security  for the  payment  of the
Obligations.
<PAGE>
        This Guaranty shall be binding upon and enforceable  against  Guarantor
and  the  legal  representatives,  successors  and  assigns  of  Guarantor.  The
liability of Guarantor hereunder is primary and unconditional.

        This Guaranty shall be irrevocable, absolute and unconditional and shall
remain in full  force and effect as to  Guarantor  until such time as all of the
Obligations  shall have been paid and  satisfied in full. No delay or failure on
the part of Newark in the  exercise  of any right or remedy  shall  operate as a
waiver  thereof,  and no single or  partial  exercise  by Newark of any right or
remedy shall preclude other or further  exercise  thereof or the exercise of any
other right or remedy.

        This Guaranty  shall remain in full force and effect, and Guarantor
shall  continue to be liable for the payment of the  Obligations  in  accordance
with the original terms of the documents and instruments evidencing and securing
the same, notwithstanding the commencement of any bankruptcy,  reorganization or
other  debtor  relief  proceeding  by or against GSV,  and  notwithstanding  any
modification,  discharge or extension of the  Obligations,  any  modification or
amendment  of any  document or  instrument  evidencing  or  securing  any of the
Obligations,  or any stay of the  exercise  by Newark of any of its  rights  and
remedies  against  GSV with  respect  to any of the  Obligations,  which  may be
effected in connection with any such proceeding, whether permanent or temporary,
and notwithstanding any assent thereto by Newark.

     2. Certain Rights. Newark may at any time and from time to time without
the  consent of the  Guarantor,  without  incurring  any  responsibility  to the
Guarantor  and without  impairing or  releasing  any of the  obligations  of the
Guarantor hereunder,  upon or without any terms or conditions and in whole or in
part:

        (a) renew, alter or change the interest rate, manner,  time, place or
terms of payment or  performance  of any of the  Obligations,  or any  liability
incurred  directly or  indirectly  in respect  thereof,  whereupon  the Guaranty
herein made shall apply to the Obligations as so changed,  extended,  renewed or
altered,  provided that Newark provided the Guarantor a notice thereupon. In the
event that Newark failed to provide such notice to the Guarantor,  the Guarantor
shall continue being liable to the Obligations  before such renewal,  alteration
or change was made;

        (b) exercise or refrain from exercising any rights against GSV or any
other person  (including  the Guarantor) or otherwise act or refrain from acting
with regard to the Note, the Obligations or this Guaranty;

        (c) settle or compromise any of the Obligations, any security thereof
or any  liability  (including  any of  those  hereunder)  incurred  directly  or
indirectly in respect thereof or hereof,  and/or  subordinate the payment of all
or any part thereof to the payment of any  liability of GSV (whether or not then
due) to creditors of GSV other than Newark and the Guarantor.

     3. Assignments.  This  Guaranty  shall be  binding  upon and  inure to the
benefit of the  parties  hereto and their  respective  successors,  assigns  and
transferees.  All  obligations of the Guarantor  hereunder shall be binding upon
its legal representative, successors and assigns.

     4. Representations of Guarantor.  The Guarantor  represents,  warrants and
agrees with Newark as follows:  (a) the execution,  delivery and  performance by
the  Guarantor  of this  Guaranty  (i) are  within the  corporate  powers of the
Guarantor,  (ii) have been duly authorized by all requisite  corporate action on
the part of the  Guarantor,  and (iii) will not  violate any  provisions  of the


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<PAGE>
Guarantor's  Certificate of Incorporation (as amended),  By-laws, any law now in
effect,  any order of any court or other agency of government,  or any agreement
or other  instrument  to which the Guarantor is a party or by which it or any of
its  property  is bound,  or be in  conflict  with or result in a breach  of, or
constitute  (with or without  the giving of notice or lapse of time,  or both) a
default  under any such  agreement or other  instrument;  (b) the  Guarantor has
received  good,  valuable and  sufficient  consideration  for entering  into and
performing  this  Guaranty;  (c) the  Guarantor  accepts  the full range of risk
encompassed  within  this  Guaranty;  and  (d) the  Guarantor  is  aware  of the
financial  and other  terms of the Note and accepts the risk that GSV may not be
able to meet its obligations thereunder.

     5. Modification  of  Guaranty.  No  amendment,   modification,  waiver  or
discharge of this Guaranty or any  provision  hereof shall be valid or effective
unless  (and only to the extent  set  forth) in writing  and signed by the party
against whom enforcement is sought.

     6. Remedies  Cumulative,  etc. No right,  power or remedy conferred upon or
reserved to Newark is exclusive of any other  right,  power or remedy,  but each
and every such right, power and remedy shall be cumulative and concurrent.

     7. Severability.  Wherever possible,  each provision of this Guaranty shall
be interpreted in such manner as to be effective and valid under applicable law,
but if one or  more  of the  provisions  contained  herein  shall  be held to be
invalid, illegal or unenforceable in any respect, such invalidity, illegality or
unenforceability shall not affect any other provision of this Guaranty.

     8. Limitation.  Notwithstanding  anything to the contrary herein,  the sole
recourse of Newark or any of its  successors  or assigns  against the  Guarantor
hereunder  shall be limited to the  exercise  of its rights  under that  certain
Pledge  Agreement of even date  herewith  (the "Pledge  Agreement")  made by the
Guarantor in favor of Newark,  and neither  Newark nor any of its  successors or
assigns  shall look for recourse to any other asset or property of the Guarantor
other than the  collateral  pledged to Newark  under the  Pledge  Agreement  for
satisfaction  of any  claim or cause of  action  it may have at law or in equity
against the Guarantor under this Guaranty.

     9.  Jurisdiction.  The  Guarantor  and Newark each hereby  irrevocably  and
unconditionally  consents to submit to the exclusive  jurisdiction of the courts
of the State of New Jersey and the courts of the United  States of America  each
located in the State of New Jersey for any action,  suit, or proceeding  for the
interpretation  or enforcement  arising out of or relating to this Guaranty (and
agrees not to commence any litigation  relating  hereto except in these courts),
and further agrees that service of any process,  summons,  notice or document by
U.S.  registered mail to its respective  address set forth on the signature page
hereof  shall be  effective  service of process for any such  action,  suit,  or
proceeding for the interpretation or enforcement  brought against it in any such
court.

     10. Applicable Law. This Guaranty shall be construed in accordance with and
governed  by the laws of the State of New Jersey  without  giving  effect to the
choice or conflict of law principles thereof.

     11.  Notices.   All  notices,   consents,   requests,   demands  and  other
communications  herein shall be in writing and shall be deemed duly given to any
party or parties  (a) upon  delivery  to the  address of the party or parties as
specified below if delivered in person or any courier or if sent by certified or
registered mail (return receipt requested);  or (b) upon dispatch if transmitted
by


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<PAGE>
confirmed telecopy or other means of confirmed facsimile transmissions,  in each
case as addressed as follows:

                If to the Guarantor:

                Polystick U.S. Corporation
                c/o GSV, Inc.
                191 Post Road West
                Westport, Connecticut  06880
                Attn.:  Mr. Sagi Matza
                Fax:  (203) 221-2691

                With a copy to:

                Davis & Gilbert LLP
                1740 Broadway
                New York, New York 10019
                Attn: Ralph W. Norton, Esq.
                Fax: (212) 974-6969

                If to Newark:

                116 Newark Avenue Corporation
                30 Montgomery Street
                Jersey City, New Jersey 07302
                Attn.: Frank J. Guarini
                Fax: (201) 938-1503

                With a copy to:

                McCarter & English, LLP
                Four Gateway Center
                100 Mulberry Street
                Newark, New Jersey 07102
                Attn: Howard Kailes, Esq.
                Fax: (973) 624-7070

The parties  hereto may  designate  such other  address or  facsimile  number by
written notice in the aforesaid manner.

     12. JURY TRIAL. TO THE FULLEST EXTENT  PERMITTED BY LAW,  GUARANTOR  HEREBY
WAIVES  ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY  ACTION  BROUGHT ON THIS
GUARANTY.

     13. Counterparts.  This Guaranty may be executed with counterpart signature
pages or in several counterparts, each of which shall be an original, but all of
which together shall constitute one and the same agreement.


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<PAGE>
     In WITNESS WHEREOF,  the undersigned  Guarantor has caused this Guaranty to
be duly executed and delivered as of the date first written above.


                                POLYSTICK U.S. CORPORATION


                               By:/s/ Sagi Matza
                                  ---------------
                                  Name: Sagi Matza
                                  Title: President

                                  Address:      c/o GSV, Inc.
                                                191 Post Road West
                                                Westport, Connecticut 06880


Agreed to and Accepted by:

116 NEWARK AVENUE CORPORATION


By: /s/ Carol Maurer
    --------------------------
     Name: Carol Maurer
     Title: President
     Address: 116-20 Newark Avenue
              Jersey City, New Jersey 07302


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