herewith (the "Amendment"), which
provides that Bank will, under certain circumstances, amend the Loan Agreement
by, among other things, extending the maturity date. Bank has agreed to enter
into the Amendment provided, among other things, that each Guarantor consents to
the entry by Borrower into the Amendment and related documents and agrees that
the Guaranty will remain effective.
AGREEMENT
NOW, THEREFORE, each Guarantor agrees as follows:
1.
GUARANTOR CONSENTS TO THE EXECUTION, DELIVERY AND PERFORMANCE BY
BORROWER OF THE AMENDMENT AND THE DOCUMENTS AND INSTRUMENTS EXECUTED IN
CONNECTION THEREWITH, AS WELL AS ALL OTHER AMENDMENTS AND MODIFICATIONS TO THE
LOAN AGREEMENT.
2.
THE GUARANTY IS AND SHALL REMAIN IN FULL FORCE AND EFFECT WITH
RESPECT TO ALL OF BORROWER'S OBLIGATIONS (AS DEFINED IN THE LOAN AGREEMENT) AS
MODIFIED BY THE AMENDMENT AND OTHERWISE. GUARANTOR CONFIRMS THAT GUARANTOR HAS
NO DEFENSES AGAINST ITS OBLIGATIONS UNDER THE GUARANTY.
3.
GUARANTOR REPRESENTS AND WARRANTS THAT THE REPRESENTATIONS AND
WARRANTIES CONTAINED IN THE GUARANTY ARE TRUE AND CORRECT AS OF THE DATE OF THIS
AFFIRMATION. UNLESS OTHERWISE DEFINED, ALL CAPITALIZED TERMS IN THIS AFFIRMATION
SHALL BE AS DEFINED IN THE GUARANTY.
IN WITNESS WHEREOF, the undersigned Guarantor has executed this Affirmation of
Guaranty as of the first date above written.
SAFEGUARD DELAWARE, INC.
By:
Title:
SAFEGUARD SCIENTIFICS (DELAWARE), INC.
By:
Title: