Document:

Warrant Agreement

 Exhibit 10.3 
 THE SECURITIES REPRESENTED HEREBY AND THE SECURITIES ISSUABLE UPON EXERCISE HEREOF HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933
(THE “1933 ACT”), OR THE SECURITIES LAWS OF ANY STATE. THESE SECURITIES MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED UNLESS SUCH SECURITIES ARE REGISTERED UNDER THE 1933 ACT AND APPLICABLE STATE SECURITIES LAWS OR SUCH
SECURITIES ARE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED IN A TRANSACTION THAT DOES NOT REQUIRE REGISTRATION UNDER THE 1933 ACT OR ANY APPLICABLE STATE SECURITIES LAW AND THE COMPANY IS PROVIDED WITH AN OPINION OF SECURITIES COUNSEL IN A FORM
REASONABLY ACCEPTABLE TO THE COMPANY THAT SUCH EXEMPTIONS ARE AVAILABLE. 
 NEITHER THIS WARRANT AGREEMENT NOR THE WARRANTS
GRANTED BY THIS WARRANT AGREEMENT ARE ASSIGNABLE OR TRANSFERRABLE WITHOUT THE EXPRESS WRITTEN CONSENT OF UTEK CORPORATION, EXCEPT AS PROVIDED BELOW. 
 WARRANT AGREEMENT 
  

			
	 No.     
	  	as of October 22, 2009

 To Purchase 437,500 Shares of Common Stock of 
 UTEK CORPORATION 
 Number
of Shares; Exercise Price; Exercise Time. UTEK Corporation, a Delaware corporation (the “Company”), certifies that Gators Lender, LLC, a Florida limited liability company (“Holder”) is entitled, on the terms and
subject to the conditions and adjustments set forth in this Warrant Agreement (the “Warrant”), to acquire from the Company, in whole or in part, from time to time, up to Four Hundred Thirty-Seven Thousand Five Hundred
(437,500) fully paid and nonassessable shares (the “Shares”) of common stock of the Company, par value $0.01 per share (the “Common Stock”), at a purchase price equal to the Exercise Price, determined as
provided herein, provided, however, that such purchase rights must be exercised if at all by 5:00 p.m. Tampa, Florida time on the fifth anniversary of the date hereof (the “Expiration Time”). The Exercise Price shall be equal to
105% of the volume weighted average closing price of the Common Stock for the five consecutive trading days immediately preceding the date of the delivery by the Holder to the Company of the Notice of Determination of the Exercise Price, in the form
attached hereto, which Notice must be delivered, if at all, prior to the 90th day after the date hereof. In the event that such Notice is not delivered prior to the 90th day after the date hereof, then the Exercise Price shall be equal to 105% of
the volume weighted average closing price of the Common Stock for the five consecutive trading days immediately preceding the date

 
of this Warrant. The number of Shares to which this Warrant relates, type of security and Exercise Price are subject to adjustment as provided herein, and all references to “Common
Stock” and “Exercise Price” herein shall be deemed to include any such adjustment or series of adjustments. This Warrant is issued pursuant to the Note and Warrant Purchase Agreement dated the same date as this Warrant, between the
Company and Holder. 
  

	 	1.	Exercise of Warrant. 

 a. Generally. The purchase rights represented by this Warrant are exercisable by Holder, in whole or in part, at any time, or from time to time, prior to the Expiration Time, by the surrender of
this Warrant and the Notice of Exercise attached hereto, all duly completed and executed on behalf of Holder, at the office of the Company at the address stated in Section 13 hereof or such other office or agency of the Company as it may
designate by notice in writing to Holder at the address of Holder appearing on the books of the Company (the “Office”), and upon payment of the Exercise Price for the Shares thereby purchased in cash, by certified or cashier’s
check payable to the order of the Company or by wire transfer to the Company in an amount equal to the Exercise Price for the Shares thereby purchased. Thereupon, Holder as holder of this Warrant shall be entitled to receive from the Company a stock
certificate in proper form representing the number of Shares so purchased, and a new Warrant in substantially identical form and dated as of the date of such exercise for the purchase of that number of Shares equal to the number of Shares subject
hereto less the number of Shares as to which this Warrant is so exercised. 
 b. Net Issue Election. In
lieu of paying all or a portion of the Exercise Price in cash, Holder may elect to receive, without the payment by Holder of any additional consideration, Shares equal to the value of this Warrant or any portion hereof, as determined below, by the
surrender of this Warrant or such portion to the Company, with the Notice of Exercise duly completed and executed by Holder, at the principal office of the Company. Thereupon, the Company shall issue to such Holder such number of fully paid and
nonassessable Shares as is computed using the following formula: 
  

									
		 	X	 	  
 =
  
	  	 Y (A - B)
	  	
	 	 	  	A	  	

 where: 
  

	 	X =	the number of shares to be issued to Holder pursuant to this Section. 

  

	 	Y =	the number of Shares covered by this Warrant in respect of which the net issue election is made pursuant to this Section. 

  

	 	A =	the Fair Market Value (as defined below) of one Share at the time the net issue election is made pursuant to this Section. 

  

	 	B =	the Exercise Price under this Warrant at the time the net issue election is made pursuant to this Section, based on the election made by Holder.

  

 2 

 As used in this Warrant, the term “Fair Market Value” means: 
 i. if the exercise is in connection with a Change of Control, the fair market value per share of Subject Securities shall be
deemed to be the value of the consideration per share of Subject Securities to be received by the holders of such Subject Securities pursuant to, or in connection with, such transaction; 
 ii. if this Warrant is not exercised in connection with a Change of Control, and if the Company’s Common Stock is traded
on a national securities exchange or actively traded over-the-counter: 
  

	 	1.	if the Company’s Common Stock is traded on a national securities exchange, the fair market value shall be deemed to be the volume weighted average closing price of
the Common Stock for the five consecutive trading days immediately preceding the date of exercise of this Warrant; or 

  

	 	2.	if the Company’s Common Stock is actively traded over-the-counter, the fair market value shall be deemed to be the volume weighted average closing price of the
Common Stock for the five consecutive trading days immediately preceding the date of exercise of this Warrant; or 

  

	 	3.	if neither (1) nor (2) is applicable, the fair market value shall be the highest price per share which the Company could obtain on the date of calculation
from a willing buyer in an arms’ length transaction for the Shares sold by the Company from authorized but unissued shares, as agreed by the Company and Holder. 

 As used in this Warrant, the term “Change of Control” means (i) any merger with or into, acquisition of, consolidation
with, or other similar transaction involving the Company; provided, however, that any such transaction in which the shareholders of the Company existing immediately before such transaction own more than fifty percent (50%) of
total voting power of the resulting entity’s then outstanding securities after giving effect to such transaction, shall not constitute a Change of Control; (ii) the sale, transfer, lease, license or other disposition of all or
substantially all of the assets of the Company; (iii) any transaction or series of related transactions pursuant to which any Person or “group” (as such term is used in Section 13(d)(3) of the Securities Exchange Act of 1934, as
amended (the “Exchange Act”)) becomes the “beneficial owner” (as such term is defined in Rule 13d-3 promulgated under the Exchange Act) of more than 50% of the total voting power of the Company’s then outstanding
securities; or (iv) a liquidation, dissolution or winding up of the Company. 
  

 3 

 2. Issuance of Shares. Certificates for Shares purchased hereunder shall be delivered
to Holder within a reasonable time after the date on which this Warrant shall have been exercised in accordance with the terms hereof. The Company represents and warrants that all Shares that may be issued upon the exercise of this Warrant have been
duly and validly authorized by all requisite corporate action of the Company and when issued in accordance with this Warrant, will be fully paid and nonassessable and free from all taxes, liens and charges in respect of the issuance thereof (other
than liens or charges created by or imposed upon Holder as holder of the Warrant or taxes in respect of any transfer occurring contemporaneously or otherwise specified herein). The Company agrees that the Shares so issued shall be and shall for all
purposes be deemed to have been issued to Holder as the record owner of such Shares as of the close of business on the date on which this Warrant shall have been exercised in accordance with the terms hereof. The Company shall take all such action
as may be necessary to assure that the Shares may be so issued without violation of any applicable law or regulation, or of any requirements of any domestic securities exchange upon which the Shares of the Company may be listed. 
 3. No Rights as Shareholder. This Warrant does not entitle Holder as a holder hereof to any voting rights or other rights as a
shareholder of the Company prior to the exercise hereof. 
 4. Charges, Taxes and Expenses. Certificates for Shares
issued upon exercise of this Warrant shall be issued in the name of Holder as holder of this Warrant. Issuance of certificates for Shares upon the exercise of this Warrant shall be made without charge to Holder for any issue or transfer tax or other
incidental expense in respect of the issuance of such certificates, all of which taxes and expenses shall be paid by the Company. 
 5. Exchange and Registry of Warrant. This Warrant is exchangeable, upon the surrender hereof by Holder as the registered holder at the Office of the Company, for a new Warrant in substantially identical form and dated as of such
exchange. The Company shall maintain at the Office a registry showing the name and address of Holder as the registered holder of this Warrant. This Warrant may be surrendered for exchange or exercise, in accordance with its terms, at the Office of
the Company, and the Company shall be entitled to rely in all respects, prior to written notice to the contrary, upon such registry. 
 6. Loss, Theft, Destruction or Mutilation of Warrant. Upon receipt by the Company of evidence reasonably satisfactory to it of the loss, theft, destruction or mutilation of this Warrant, and in the case of loss, theft or destruction,
of indemnity or security reasonably satisfactory to it, and upon reimbursement to the Company of all reasonable expenses incidental thereto, and upon surrender and cancellation of this Warrant if mutilated, the Company will make and deliver a new
Warrant of like tenor and dated as of such cancellation and reissuance, in lieu of this Warrant. 
 7. Saturdays, Sundays,
Holidays, etc. If the last or appointed day for the taking of any action or the expiration of any right required or granted herein shall be a Saturday or a Sunday or shall be a legal holiday, then such action may be taken or such right may be
exercised on the next succeeding day not a Saturday or a Sunday or a legal holiday. 
  

 4 

 8. Adjustments and Termination of Rights. The purchase price per Share and the number
of Shares purchasable hereunder are subject to adjustment from time to time as follows: 
 a.
Reclassification, Recapitalization, etc. If the Company at any time shall, by reclassification of securities, recapitalization, automatic conversion, or other similar event affecting the number or character of outstanding shares of Common
Stock, or otherwise, change any of the securities as to which purchase rights under this Warrant exist into the same or a different number of securities of any other class or classes, this Warrant shall thereafter represent the right to acquire such
number and kind of securities as would have been issuable as the result of such change with respect to the securities that were subject to the purchase rights under this Warrant immediately prior to such reclassification or other change. 

b. Split, Subdivision or Combination of Shares. If the Company at any time while this Warrant remains outstanding
and unexpired shall split, subdivide or combine the securities as to which purchase rights under this Warrant exist, the Exercise Price shall be proportionately decreased in the case of a split or subdivision or proportionately increased in the case
of a combination. 
 c. Stock Dividends. If the Company at any time while this Warrant is outstanding and
unexpired shall pay a dividend with respect to Common Stock payable in shares of Common Stock, or make any other distribution with respect to Common Stock of shares of Common Stock, then the Exercise Price shall be adjusted, from and after the date
of determination of the shareholders entitled to receive such dividend or distribution, to that price determined by multiplying the Exercise Price in effect immediately prior to such date of determination by a fraction (i) the numerator of
which shall be the total number of shares of Common Stock outstanding immediately prior to such dividend or distribution, and (ii) the denominator of which shall be the total number of shares of Common Stock outstanding immediately after such
dividend or distribution. 
 d. Adjustment of Number of Shares. Upon each adjustment in the Exercise Price
pursuant to Section 9(b) or 9(c) hereof, the number of Shares purchasable hereunder shall be adjusted to the product obtained by multiplying the number of Shares purchasable immediately prior to such adjustment in the Exercise Price by a
fraction (i) the numerator of which shall be the Exercise Price immediately prior to such adjustment, and (ii) the denominator of which shall be the Exercise Price immediately after such adjustment. 
 e. Adjustment on Subsequent Issuance at Lower Price. If after the date of this Warrant the Company at any time or from
time to time issues (i) additional shares of capital stock at a price per share that is less than the then applicable Exercise Price (other than Common Stock issued upon the exercise of options outstanding on the date hereof), (ii) options
to purchase or rights to subscribe for capital stock at a price per share that is

  

 5 

 
less than the then applicable Exercise Price, (iii) securities that by their terms are convertible into or exchangeable for capital stock (including, without limitation, warrants to purchase
capital stock, except for warrants to underwriters in connection with a capital-raising transaction on behalf of the Company) at a price per share that is less than the then applicable Exercise Price or (iv) options to purchase or rights to
subscribe for such convertible or exchangeable securities at a price per share that is less than the then applicable Exercise Price, the Exercise Price will immediately be reduced to the lowest per share price applicable with respect to any such
issuance of securities. Such adjustment will be made successively whenever the Company makes any such issuance. In the event of an adjustment pursuant to this subsection, appropriate adjustments shall also be made to the number of Shares subject to
the Warrant so that the aggregate purchase price payable for the total number of Shares purchasable under this Warrant (as adjusted) remains the same. 
 Such adjustment will be made successively whenever the Company makes any such issuance. In the event of an adjustment pursuant to this subsection, appropriate adjustments shall also be made to the number
of Shares subject to the Warrant so that the aggregate purchase price payable for the total number of Shares purchasable under this Warrant (as adjusted) remains the same. 
 f. Other Action Affecting Shares. In case the Company shall take any action affecting the outstanding number of Shares
other than an action described in any of the above Sections 9(a)-(e) which would have an inequitable effect on Holder, the Exercise Price shall be adjusted in such manner and at such time as the Company’s Board of Directors
determines in good faith to be equitable in the circumstances. 
 9. Notice of Adjustments, Notices. If the Exercise
Price or number or type of securities issuable hereunder shall be adjusted pursuant to Section 9 hereof, the Company shall issue and provide to Holder as holder of this Warrant a certificate signed by an officer of the Company setting forth, in
reasonable detail, the event requiring the adjustment, the amount of the adjustment, the method by which such adjustment was calculated and the Exercise Price and number of Shares purchasable hereunder after giving effect to such adjustment.

 10. Governing Law; Remedies. This Warrant shall be binding upon any successors or assigns of the Company. This Warrant
shall constitute a contract under the laws of Florida and for all purposes shall be construed in accordance with and governed by the laws of said state, without giving effect to the conflict of laws principles. The Company stipulates that the
remedies at law of Holder in the event of any default or threatened default by the Company in the performance of or compliance with any of the terms of this Warrant are not and will not be adequate, and that such terms may be specifically enforced
by a decree for the specific performance of any agreement contained herein or by an injunction against a violation of any of the terms hereof or otherwise, without the necessity of proving damages or posting any bond in connection therewith.

  

 6 

 11. Amendments. This Warrant may be amended and the observance of any term of this
Warrant may be waived only with the written consent of the Company and Holder as holder hereof. 
 12. Notice. All
notices hereunder shall be in writing and shall be effective (a) on the day on which delivered if delivered personally or transmitted by telex or telegram or telecopier with evidence of receipt, (b) one business day after the date on which
the same is delivered to a nationally recognized overnight courier service with evidence of receipt or (c) five business days after the date on which the same is deposited, postage prepaid, in the U.S. mail, sent by certified or registered
mail, return receipt requested, and addressed to the party to be notified at the address indicated below for the Company, or at the address for Holder set forth in the registry maintained by the Company pursuant to Section 6 or at such other
address and/or telecopy or telex number and/or to the attention of such other person as the Company or Holder may designate by ten-day advance written notice. 
 Notice Address for the Company: 
 UTEK Corporation 
 2109 Palm Avenue 
 Tampa, FL 33605 
 Attention: President 
 13. Assignment. This Warrant may not be assigned by Holder without the prior written consent of the Company, which consent may be withheld in the sole discretion of the Company for any reason or no
reason, except that this Warrant may be transferred to members of the Holder and by members of the Holder for estate planning purposes. Without limitation of the foregoing, in connection with any proposed transfer, Holder shall be obliged to provide
the Company with evidence satisfactory to the Company, including an opinion of counsel satisfactory to the Company, that the proposed transfer and the exercise hereof by the proposed transferee will be exempt from the registration requirements under
the Securities Act of 1933 and applicable state securities law. 
 14. Entire Agreement. This Warrant and the forms
attached hereto contain the entire agreement between the parties with respect to the subject matter hereof and supersede all prior and contemporaneous arrangements or undertakings with respect thereto. 
 15. No Impairment. The Company will not, by amendment of its Certificate of Incorporation or through any reorganization, transfer of
assets, consolidation, merger, dissolution, issue or sale of securities or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms to be observed or performed hereunder by the Company, but it will at all
times in good faith assist in the carrying out of all of the provisions of this Warrant. 
 IN WITNESS WHEREOF, the Company has
caused this Warrant to be executed by its duly authorized officer. 
  

 7 

 [SIGNATURE PAGE TO WARRANT AGREEMENT] 
 IN WITNESS WHEREOF, the Company has caused this Warrant to be executed by its duly authorized officer. 
 Dated: as of October 22, 2009 
  

					
	UTEK CORPORATION
		
	By:	 	 /s/ Doug Schaedler

		 	    Name:	 	 Doug Schaedler

		 	    Title:	 	 President

  

 8 

 NOTICE OF DETERMINATION OF THE EXERCISE PRICE 
  

	To:	UTEK CORPORATION 

 The
undersigned hereby elects to have the Exercise Price for the purchase of shares of Common Stock, par value $0.01 per share (the “Common Stock”), of UTEK Corporation (the “Company”), pursuant to the terms of the
attached Warrant, set based upon the volume weighted average closing price of the Common Stock for the five consecutive trading days immediately preceding the date of the delivery by the undersigned to the Company of this Notice of Determination of
the Exercise Price, as such date shall be evidenced by a receipt issued by the Company, in the event of a hand delivery, or a delivery receipt issued by the U.S. Post Office or courier service. 
  

					
	 	 	 	  	  

	 	 	 	  	 [Name]

			
	  
	 	 	  	  

	 [Date]
	 		  	 [Signature]

 NOTICE OF EXERCISE 
  

	To:	UTEK CORPORATION 

 1. The
undersigned hereby elects to purchase
                                        
shares (the “Shares”) of Common Stock, par value $0.01 per share, of UTEK Corporation (the “Company”) pursuant to the terms of the attached Warrant, and tenders herewith payment of the purchase price and any
transfer taxes payable pursuant to the terms of the Warrant. 
 2. The Shares to be received by the undersigned upon exercise of
the Warrant are being acquired for the undersigned’s own account and not as a nominee or agent, and not with a view to resale or distribution of any part thereof, and the undersigned has no present intention of selling, granting any
participation in, or otherwise distributing the same, except in compliance with applicable federal and state securities laws. The undersigned further represents that the undersigned does not have any contract, undertaking, agreement or arrangement
with any person to sell, transfer or grant participation to such person or to any third person, with respect to the Shares. The undersigned has received all the information considered by the undersigned to be necessary or appropriate for deciding
whether to purchase the Shares. 
 3. The undersigned understands that the Shares are characterized as “restricted
securities” under federal securities laws inasmuch as they are being acquired from the Company in a transaction not involving a public offering and that under such laws and applicable regulations such securities may be resold without
registration under the Securities Act of 1933 (the “Act”), only in certain limited circumstances. In this connection, the undersigned represents that the undersigned is familiar with Rule 144 of the Act, as presently in effect, and
understands the resale limitations imposed thereby and by the Act. 
 4. The undersigned understands the certificates evidencing
the Shares may bear one or all of the following legends: 
  

	 	(a)	THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, THE FLORIDA SECURITIES ACT, OR ANY OTHER SIMILAR
SECURITIES STATUTE. THIS CERTIFICATE MAY ONLY BE TRANSFERRED UPON REGISTRATION OF THE SHARES UNDER THE FOREGOING STATUTES AND APPLICABLE REGULATIONS ADOPTED THEREUNDER OR UPON THE DELIVERY TO THE CORPORATION OF AN OPINION OF COUNSEL SATISFACTORY TO
THE CORPORATION THAT SUCH REGISTRATION IS NOT REQUIRED. 

  

	 	(b)	Any legend required by applicable state law. 

 5. Please issue a certificate or certificates representing said Shares in the name of the
undersigned and issue a new Warrant for the portion of the attached Warrant that is not being exercised. 
  

					
		 		 	  

		 		 	                [Name]
			
	  
	 		 	  

	                [Date]	 		 	                [Signature]

  

 2Absolute Guaranty

 Exhibit 10.4 
 ABSOLUTE GUARANTY OF PAYMENT AND PERFORMANCE 
 THIS ABSOLUTE GUARANTY OF PAYMENT AND PERFORMANCE (hereinafter referred to as the “Guaranty”), is made and entered into to be effective the 22nd day of October 2009, by Cortez 114, LLC, a Florida limited liability company
(“Cortez”), Ybor City Group, Inc., a Florida corporation (“Ybor”), 22nd Street of Ybor City, Inc., a Florida corporation (“22nd Street”), ABM of Tampa Bay, Inc., a Florida corporation
(“ABM”) and UTEK Europe, Ltd., a United Kingdom corporation (“Europe”) (hereinafter collectively referred to as the “Guarantors” and, individually, as a “Guarantor”) in favor of
Gators Lender, LLC, a Florida limited liability company, its successors and assigns (hereinafter referred to as the “Lender”). 
 W I T N E S S E T H: 
 In consideration of the sum of Ten Dollars ($10.00) and
other good and valuable consideration, the receipt whereof is hereby acknowledged, and for the purpose of inducing the Lender to make a loan (the “Loan”) in the amount of One Million Seven Hundred Fifty Thousand Dollars
($1,750,000.00) to UTEK Corporation, a Delaware corporation, and UTEK Real Estate Holdings, Inc., a Florida corporation (collectively, the “Borrower”) pursuant to that certain Note and Warrant Purchase Agreement dated the same date
as this Guaranty, by and between Lender and Borrower (the “Purchase Agreement”), which Loan the Lender would not make absent the within Guaranty, the Guarantors covenant and agree with the Lender as follows: 
 1. The Guarantors have examined the Promissory Note (the “Note”), the other loan documents entered into by the Borrower
with respect to the Loan (the “Other Loan Documents”) and the “Transaction Documents” (as such term is defined in the Purchase Agreement). The Note, the Other Loan Documents and the Transaction Documents are
hereinafter referred to, collectively, as the “Loan Documents.” 
 2. The Guarantors do hereby unconditionally
and absolutely guarantee, jointly and severally, to the Lender, its endorsees, transferees, successors and assigns of either this Guaranty or of any of the obligations secured hereunder, due performance and prompt payment and discharge, in
accordance with their terms, of all sums (principal, interest and such other costs and charges that may be incurred in connection therewith) owed to the Lender under the Loan on any date when due and all other obligations, terms, covenants and
conditions arising under the Loan Documents including any amendments, renewals, modifications or extensions thereof, and does further agree that if the Note is not paid in accordance with its terms, or if any of the sums or obligations that may
hereafter become due to the Lender under the Loan Documents are not paid and performed in accordance with their terms, the Guarantors will immediately do so. 
 3. This is a continuing and irrevocable Guaranty and in all events shall be unconditional and absolute. This Guaranty may not be assigned, revoked, modified, or amended by the Guarantors without the
Lender’s written consent. 
 4. This Guaranty shall be unaffected by any substitution of any obligors of the Borrower on
the Loan Documents. All of the Guarantors, any other current or future subsidiaries of Borrower and any other persons or entities guaranteeing the loan shall be jointly and severally liable for the repayment of the loan and the payment and
performance by Borrower of all of the other obligations of Borrower guaranteed hereunder. 

 5. The obligations of this Guaranty include all of the Borrower’s warranties,
representations, obligations, duties and responsibilities under the Loan Documents either now or hereafter existing, and any renewals or extensions, in whole or in part, together with all damages, losses, costs, charges, expenses, including
attorneys’ fees, paralegals’ fees and liabilities of every kind, nature and description (including interest thereon at the maximum rate permitted by law) suffered or incurred by the Lender arising in any manner of, or in any way connected
with or growing out of the Loan Documents. 
 6. The Guarantors hereby consent and agree that the Lender may at any time, either
with or without consideration, surrender any property or other security of any kind or nature whatsoever held by it or by any person, firm or corporation on its behalf, or for its account, securing any indebtedness or liability covered by this
Guaranty, or substitute for any collateral so held by it, other collateral of like kind, or of any kind, or modify the terms of the Loan Documents securing payment of the principal indebtedness without notice to or further consent from the
Guarantors, and such surrender, substitution or modification shall not in any way affect the obligation of the Guarantors hereunder. The obligations of the Guarantors hereunder shall not be subject to any counterclaim, set-off, deduction or defense,
and shall remain in full force and effect without regard to, and the obligations of the Guarantors hereunder shall not be released, discharged or terminated or in any way affected or impaired by, any circumstances or condition, whether or not the
Guarantors shall have notice or knowledge thereof, including without limitation: (a) any amendment or modification of or addition or supplement to the Loan Documents; (b) any compromise, release, consent, extension, indulgence or other
action or inaction with respect to the Loan Documents; (c) any default by the Borrower under, or any invalidity or unenforceability of, or any irregularity or any defect in the Loan Documents; (d) any exercise or nonexercise of any right,
remedy, power or privilege under or in respect of this Guaranty or the Loan Documents; (e) any assignment or transfer of the assets of the Borrower to, or any consolidation or merger of the Borrower with or into any other person, partnership or
corporation, or any disposition by the Guarantors of any interest in the Borrower; (f) any bankruptcy, insolvency, reorganization, arrangement, adjustments, composition, liquidation or similar proceeding involving or affecting the Borrower or
any Guarantor; (g) any assignment, sale, surrender, forfeiture or other transfer in respect of any or all of the properties or interests encumbered by the Mortgage; (h) a release, regardless of consideration, of the whole or any part of
the property pledged to Lender, if any; the release, regardless of consideration, of any obligation or any guarantor of the obligations evidenced by the Loan Documents; (j) any partial prepayment, assignment or transfer of the Note;
(k) any limitation of the Borrower’s liability which may now or hereafter be imposed by any statute, regulation or rule of law, or any invalidity or unenforceability, in whole or in part of any of the terms of the Loan Documents; or
(l) any other circumstances whatsoever. 
 7. The Guarantors hereby consent and agree that the Lender may, at any time,
either with or without consideration, release the Borrower or any endorser or any of the Guarantors of the Note without notice to or further consent from the Guarantors, and such release shall not in any way affect the obligation of the Guarantors
hereunder. 
  

 2 

 8. At the option of the Lender, this Guaranty may be treated as a guaranty or as a
suretyship. In any event, the Guarantors agree that the obligations set forth in this Guaranty are independent of the obligations of the Borrower, and the Lender shall have the right to proceed against the Guarantors, jointly or severally, without
first proceeding against the Borrower or any property securing payment of the Note, or any other endorser of the Note. The Guarantors unconditionally waive any rights they may have to (a) all notices which may have been required by statutes,
rule or law or otherwise to preserve intact any rights of any holder of Loan Documents against the Guarantors, including, without limitation, notice to the Borrower of default, presentment due and demand of payment from the Borrower and protest for
nonpayment or dishonor, (b) require the Lender to exhaust any security granted by the Borrower, or (c) require the Lender to pursue any other remedy within the power of the Lender. 
 9. No delay, act or omission on the part of the Lender with respect to any right, power or privilege under the Note, Mortgage or any other
security or loan document securing the same shall operate as a waiver of such privilege, power or right or as a waiver of any rights under the terms of this Guaranty or in any way affect or impair this Guaranty. 
 10. This Guaranty shall be construed as an absolute and unconditional guarantee of payment and performance, without regard to the validity,
regularity or enforceability of any obligation or purported obligation of the Borrower. The Lender shall have its remedy under this Guaranty without being obliged to resort first to any security or to any other remedy or remedies to enforce payment
or collection of the obligations hereby guaranteed, and may pursue all or any of its remedies at one or at different times. 
 11. This Guaranty is secured, inter alia, by a Mortgage and Security Agreement of even date herewith from Guarantors to Lender, to be recorded in the Public Records of Hernando County, Florida (the “Mortgage”) and by
any and all collateral presently and hereafter held by Lender from Guarantors and given or agreed to be given to Lender by Guarantors, plus any and all collateral presently or hereafter held by Lender given or agreed to be given by any third party
or parties for the benefit of Guarantors hereof. 
 12. The obligations of the Guarantors hereunder are joint and several.

 13. The Guarantors hereby waive and agree not to assert or take advantage of (a) any right to require the Lender to
proceed against the Borrower or any other person or entity or to proceed against or exhaust any security held by it at any time or to pursue any other remedy in its power before proceeding against the Guarantors; (b) the defense of the statute
of limitations in any action hereunder or for the collection of any indebtedness or the performance of any obligation hereby guaranteed; (c) any defense that may arise by reason of the incapacity, lack of authority, death or disability of, or
revocation hereof by, other persons or the failure of the Lender to file or enforce a claim against the estate (either in administration, bankruptcy, or any other proceeding) of any other persons or entities; (d) presentment, demand, protest
and notice of any kind including, without limitation, notice of acceptance of this Guaranty, dishonor, the existence, creation or incurring of any new or additional indebtedness or obligation or of any action or non-action on the part of any other
person or entity whomsoever, in connection with any obligation hereby guaranteed; (e) any defense based upon any election of remedies by the Lender, including without limitation an election to proceed by non-judicial rather than judicial
foreclosure, which destroys or otherwise impairs the subrogation rights of the undersigned or the

  

 3 

 
right of the undersigned to proceed against the Borrower for reimbursement, or both; (f) any duty on the part of the Lender to disclose to the undersigned any facts it may now or hereafter
know about the Borrower; (g) any defense arising by reason of any disability or other defense of the Borrower or by reason of the cessation from any cause whatsoever of the liability of the Borrower; (h) any right or claim of right to
cause a marshalling of the Borrower’s assets or to require the Lender to proceed against the Guarantors in any particular order. 
 14. The Guarantors hereby agree that, until all indebtedness of the Borrower to the Lender under the Loan Documents shall have been paid in full, the Guarantors shall have no right of subrogation or reimbursement and waive any right to
enforce any remedy which the Lender now has or may hereafter have against the Borrower, and waive any benefit of, and any right to participate in, any security now or hereafter held by the Lender. The Guarantors hereby irrevocably waive any and all
rights which they may have at any time (whether arising directly or indirectly, by operation of law, contract or otherwise) to assert any claim against the Borrower on account of payments made under this Guaranty including, by way of example but not
limitation, any and all rights of subrogation, reimbursement, exoneration, contribution or indemnity until all such indebtedness of the Borrower to the Lender has been paid in full. 
 15. The Guarantors covenant to cause the Borrower to maintain and preserve the enforceability of any instruments now or hereafter executed
in favor of the Lender, and to take no action of any kind which might be the basis for a claim that the Guarantors have any defense hereunder in connection with the Loan Documents other than payment in full of all indebtedness of the Borrower to the
Lender under the Loan Documents. The Guarantors hereby indemnify the Lender against loss, cost or expense by reason of the assertion by the Borrower of any defense to its obligations under any of the Loan Documents or resulting from the attempted
assertion by the Guarantors of any defense hereunder based upon any such action or inaction of the Borrower. 
 16. This
Guaranty and the Guarantors’ payment obligations hereunder shall continue to be effective or shall be reinstated, as the case may be, if at any time the payment of any of the obligations secured hereunder and arising under this Guaranty and/or
the Loan Documents is rescinded or must otherwise be restored or returned by the Lender, all as though such payment had not been made. The Lender’s determination as to whether a payment must be restored or returned shall be absolutely binding
upon the Guarantors. If the Lender is required to or agrees to repay any amount received by the Lender on account of any payments, indebtedness, obligations and liabilities of the Borrower to the Lender as a result of a judgment, order or decree of
a court of competent jurisdiction or as a result of a settlement or compromise concerning a claim for repayment by any party to such payments, indebtedness, obligations and liabilities, the undersigned shall remain liable to Lender for the amount
repaid notwithstanding the revocation of this guaranty or the cancellation of any instrument evidencing such indebtedness, obligations and liabilities. 
 17. Any indebtedness of the Borrower now or hereafter held by the Guarantors is hereby subordinated to the indebtedness of the Borrower to the Lender. Any such indebtedness of the Borrower to the
Guarantors, if the Lender so requests, shall be collected, enforced and received by the Guarantors as trustee for the Lender and be paid over to the Lender on account of the indebtedness of the Borrower to the Lender, but without reducing or
affecting in any manner the liability of the Guarantors under the other provisions of this Guaranty. 
  

 4 

 18. Cortez represents and warrants to Lender that it does not have any debt or other
liabilities. Each Guarantor further represents and warrants to Lender that the financial statements previously furnished by Guarantors with respect to the request for this Loan, if any, remain true and correct in all material respects. On an annual
basis and at such other times as may reasonably be requested by Lender, each Guarantor shall prepare and deliver to Lender, if any, complete and current financial statements setting forth all of its respective assets and liabilities, specifically
including a listing of all contingent liabilities (and to the extent any person other than the applicable Guarantor has any interest in said assets or any person other than the applicable Guarantor is jointly liable for any of said obligations, said
matter shall be set forth in their entirety in the financial statements). 
 19. Cortez further represents and warrants to
Lender that as of the date hereof, and after giving effect to this Guaranty and the obligations evidenced hereby, Cortez is, and will be, solvent, and has and will have assets which, fairly valued, exceed its obligations, liabilities (including
contingent liabilities) and debts, and has and will have property and assets sufficient to satisfy and repay its obligations and liabilities as they come due. 
 20. The Guarantors agree to pay reasonable attorneys’ fees, paralegals’ fees and all other costs and expense of any nature whatsoever which may be incurred by the Lender in the enforcement of
the Borrower’s obligations under the Loan Documents and/or of this Guaranty. 
 21. Upon the default of the Borrower with
respect to any of its obligations or liabilities to the Lender in connection with the Loan Documents, and provided said default is not cured within any applicable grace or curative period granted to the Borrower by said documents, all or, at the
option of the Lender, any part of the obligation and liabilities of the Borrower and/or the Guarantors to the Lender, whether direct or contingent, in connection with the Loan Documents shall, without notice or demand, at the option of the Lender,
become immediately due and payable and/or performable and shall be paid and performed forthwith by the Guarantors. 
 22. Cortez
hereby warrants and represents that it is a duly organized and validly existing limited liability company under the laws of the State of Florida; that it has the power to execute this Guaranty; that the execution of this Guaranty has been duly
authorized; and that it is a binding and valid obligation of the limited liability company. Ybor, 22nd Street and ABM each warrants and represents that it is a duly organized and validly existing corporation under the laws of the State of Florida;
that it has the power to execute this Guaranty; that the execution of this Guaranty has been duly authorized; and that it is a binding and valid obligation of the corporation. 
 23. Notwithstanding any provision herein or in any instrument now or hereafter evidencing or securing the loan, the total liability for
payments in the nature of interest shall not exceed the limits imposed by any applicable usury laws governing the provisions of this Guaranty or in any instrument now or hereafter evidencing or securing the loan. 
 24. The Guarantors acknowledge that the Lender has been induced by this Guaranty to make the loan hereinabove described, and this Agreement
shall, without further reference or assignment, pass to, and be relied upon and enforced by, any successor or participant or assignee of the Lender in and to any liabilities or obligations of the Borrower. 
  

 5 

 25. Nothing in this Guaranty is intended or shall be construed to prevent the Lender, upon
the occurrence of any event of default, in the exercise of its sole discretion, from foreclosing the lien of the Mortgage or the Loan Documents and enforcing the provisions thereof or from enforcing any and all other rights and remedies afforded to
the Lender. This Guaranty shall survive the foreclosure of the Mortgage and any transfer of the Property by deed in lieu of foreclosure of the Mortgage and shall automatically, without the requirements of notice, demand or other action, remain fully
effective and enforceable by the Lender. 
 26. The Guarantors hereby agree that until all of the terms, covenants and
conditions of this Guaranty are fully performed, the Guarantors’ obligations hereunder shall not be released, in whole or in part, by any act or thing which might, but for this provision, be deemed a legal or equitable discharge of a surety or
Guarantors, or by reason of any waiver, extension, modification, forbearance or delay or other act or omission of the Lender or its failure to proceed promptly or otherwise, or by reason of any action taken or omitted or circumstances which may or
might vary the risk of or affect the rights or remedies of the Guarantors, or by reason of any further dealings between the Borrower or the Lender, relating to the Loan Documents, or otherwise; and the Guarantors hereby expressly waive and surrender
any defense to liability hereunder based upon any of the foregoing acts, omissions, things, agreements or waiver of any of them, it being the purpose and intent of the parties hereto that the obligations of the Guarantors hereunder are absolute and
unconditional under all circumstances. 
 27. All notices which are required or permitted hereunder must be in writing and shall
be deemed to have been given, delivered or made, as the case may be, (notwithstanding lack of actual receipt by the addressee) (i) seven (7) business days after having been deposited in the United States mail, certified or registered,
return receipt requested, sufficient postage affixed and prepaid, or (ii) one (1) business day after having been deposited with an expedited, overnight courier service (such as by way of example but not limitation, U.S. Express Mail,
Federal Express or Purolator), addressed to the party to whom notice is intended to be given at the address set forth below: 
  

			
	TO GUARANTORS:	    	 Cortez 114, LLC
 Ybor City
Group, Inc.
 22nd Street of Ybor City, Inc.
 ABM of Tampa Bay, Inc.
 UTEK Europe, Ltd.
 Attn: Sam I. Reiber, Esquire
 2109 East Palm Avenue
 Tampa, Florida 33605

		
	TO LENDER:	    	 Gators Lender, LLC
 Attn: Martin Schaffel, Sole Manager
 5308 E. Longboat Blvd.
 Tampa, Florida 33615

 Any party may change the address to which its notices are sent by giving the other party written
notice of any such change in the manner provided in this Section, but notice of change of address is effective only upon receipt. 
  

 6 

 28. The liabilities of the Guarantors shall be separate and independent of the obligations
of the Borrower, and separate or joint actions may be instituted by the Lender against any one or all of the Guarantors or the Borrower, as the Lender may choose. Any action taken by the Lender pursuant to the provisions herein contained or
contained in the Loan Documents shall not release the party or parties to this Guaranty until all of the obligations of the Borrower to the Lender are paid and performed in full. Furthermore, the Guarantors acknowledge and affirms that any
exculpation provisions contained in the Loan Documents shall not in any manner whatsoever limit, impair or affect this Guaranty and the obligations of the Guarantors hereunder. 
 29. Whenever the text of this instrument so requires, the use of any gender shall be deemed to include all genders, and the use of the
singular shall include the plural, and in such event, wherever the word “Guarantor” is used herein, then such word shall be deemed to be “Guarantors,” or either or any of them. If any term of this Guaranty or any application
thereof shall be invalid or unenforceable, the remainder of this Guaranty and any other application of such term shall not be affected thereby but shall remain in full force and effect. 
 30. This Guaranty shall inure to the benefit of the Lender, its successors and assigns, and shall bind the Guarantors, and the respective
heirs, executors, administrators, legal representatives, successors and assigns of the Guarantors. 
 31. The purpose of this
Guaranty is to memorialize the parties’ understanding that, if the Borrower does not pay or otherwise fully perform its obligations in a timely manner as provided under the various Loan Documents, the Guarantors will promptly pay the amounts
due and payable by the Borrower to the Lender upon the demand of the Lender. 
 32. The Guarantors acknowledge that the making
of the loan by the Lender to the Borrower confers a real and substantial benefit to the Guarantors and is fully supportive of, and valuable consideration for, the execution of this Guaranty by the Guarantors. The Lender shall have no duty to the
Guarantors to observe the actions or financial conditions of the Borrower or to monitor the performance of the Borrower under the Loan Documents. It is the intention of the parties that the Lender may rely completely on this Guaranty for its
repayment of the Borrower’s indebtedness and obligations regardless of whether the Borrower is creditworthy and regardless of whether it would be prudent to make loans and advances to the Borrower or to permit the same to remain outstanding.
The Lender and its representatives shall have no duty to exercise diligence or care in and about the enforcement of the remedies or in respect to any other security for the Borrower’s obligations. 
 33. This Guaranty shall be governed and controlled as to its validity, enforcement, interpretation, construction, effect, and in all other
respects by the statutes, laws and decisions of the State of Florida except to the extent that the Lender elects the benefit of any applicable Federal pre-emption laws. The Guarantors, in order to induce the Lender to accept this Guaranty, and for
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, agree that all actions or proceedings arising directly, indirectly or otherwise in connection with, out of, related to or from this Guaranty or any
of the other Loan Documents shall be litigated, in the Lender’s sole discretion and at the Lender’s sole election, only in courts having a situs within or whose jurisdiction includes Hillsborough County, Florida. For the purpose of the
foregoing, the Guarantors hereby consent and submit to the jurisdiction of

  

 7 

 
any local, state court located within or whose jurisdiction includes Hillsborough County, Florida. The Guarantors, for themselves and any parties claiming under them, hereby waive any right that
the Guarantors may have to transfer or change the venue of any litigation brought against the Guarantors in accordance with this paragraph. FURTHERMORE, NEITHER THE GUARANTORS, NOR ANY SUCCESSOR, HEIR OR PERSONAL REPRESENTATIVE OF THE GUARANTORS,
NOR ANY PARTIES CLAIMING UNDER THEM, OR ANY SUCH OTHER PERSON OR ENTITY SHALL SEEK A JURY TRIAL IN ANY LAWSUIT, PROCEEDING, COUNTERCLAIM OR ANY OTHER LITIGATION PROCEDURE BASED UPON OR ARISING OUT OF THIS GUARANTY OR ANY OF THE OTHER LOAN DOCUMENTS,
ANY RELATED INSTRUMENT OR AGREEMENT, ANY COLLATERAL FOR THE PAYMENT HEREOF OR THE DEALINGS OR THE RELATIONSHIP BETWEEN OR AMONG SUCH PERSONS OR ENTITIES, OR ANY OF THEM. NEITHER THE GUARANTORS NOR ANY SUCH PERSON OR ENTITY WILL SEEK TO CONSOLIDATE
ANY SUCH ACTION, IN WHICH A JURY TRIAL HAS BEEN WAIVED, WITH ANY OTHER ACTION IN WHICH A JURY TRIAL CANNOT OR HAS NOT BEEN WAIVED. THE GUARANTORS ACKNOWLEDGE THAT THE PROVISIONS OF THIS PARAGRAPH HAVE BEEN FULLY DISCUSSED BY THE GUARANTORS AND THE
LENDER, THAT THE GUARANTORS WAS ABLY REPRESENTED BY LICENSED ATTORNEYS AT LAW IN THE NEGOTIATION OF THIS PARAGRAPH, THAT THEY BARGAINED AT ARM’S LENGTH AND IN GOOD FAITH AND WITHOUT DURESS OF ANY KIND FOR THE TERMS AND CONDITIONS OF THIS
PARAGRAPH AND THAT THE PROVISIONS HEREOF SHALL BE SUBJECT TO NO EXCEPTIONS. NO PARTY HAS IN ANY WAY AGREED WITH OR REPRESENTED TO ANY OTHER PARTY THAT THE PROVISIONS OF THIS PARAGRAPH WILL NOT BE FULLY ENFORCED IN ALL INSTANCES. 
 34. This Guaranty may be executed in any number of counterparts, each of which shall be deemed an original instrument, but all such
counterparts together shall constitute one and the same instrument. 
 [Signatures Begin on Following Page] 
  

 8 

 [SIGNATURE PAGE TO ABSOLUTE GUARANTY OF PAYMENT AND PERFORMANCE] 
 IN WITNESS WHEREOF, Guarantors have caused these presents to be signed, sealed and delivered the day and year first above written.

  

													
	Signed, sealed and delivered	 		  	GUARANTOR:
	in the presence of:	 		  	
		 		 		  	Cortez 114, LLC,
		 		 		  	a Florida limited liability company
					
		 		 		  	By:	 	UTEK Real Estate Holdings, Inc.,
		 		 		  		 	a Florida corporation, as Managing Member
						
	 /s/ Heather Alvarez
	 		  		 	By:	 	 /s/ Sam I. Reiber
	 	
	Print Name:	 	 Heather Alvarez
	 		  		 		 	Sam I. Reiber, as President	 	
						
	 /s/ Kelly M. Melton
	 		  		 		 	    [Corporate Seal]	 	
	Print Name:	 	 Kelly M. Melton
	 		  		 		 		 	

 STATE OF FLORIDA 
 COUNTY OF HILLSBOROUGH 
 The foregoing instrument was acknowledged before me on
October 22, 2009, by Sam I. Reiber, as President of UTEK Real Estate Holdings, Inc., a Florida corporation, as Managing Member of Cortez 114, LLC, a Florida limited liability company, on behalf of the corporation. He is personally known to me or has
produced a valid driver’s license as identification. 
  

	
	 /s/ Kelly M. Melton

	Notary Public
	
	 Kelly M. Melton

	(Type, Print or Stamp Name)
	
	My Commission Expires: May 10, 2010

 [Signatures Continue on Following Page] 
  

 9 

 [SIGNATURE PAGE TO ABSOLUTE GUARANTY OF PAYMENT AND PERFORMANCE] 
 IN WITNESS WHEREOF, Guarantors have caused these presents to be signed, sealed and delivered the day and year first above written.

  

															
	Signed, sealed and delivered	  	GUARANTOR:
	in the presence of:	  	
		 		 		  	Ybor City Group, Inc.,
		 		 		  	a Florida corporation
						
	 /s/ Heather Alvarez
	 		  	 By:
	 		 	 /s/ Sam I. Reiber
	 	
	Print Name:	 	 Heather Alvarez
	 		  		 		 	Name:	 	 Sam I. Reiber
	 	
		 		  		 		 	Title:	 	 President
	 	
	 /s/ Kelly M. Melton
	 		  		 		 		 		 	
	Print Name:	 	 Kelly M. Melton
	 		  		 		 		 	    [Corporate Seal]	 	

 STATE OF FLORIDA 
 COUNTY OF HILLSBOROUGH 
 The foregoing instrument was acknowledged before me on
October 22, 2009, by Sam Reiber as President of Ybor City Group, Inc., a Florida corporation, on behalf of the corporation. Such person is personally known to me or has produced a valid driver’s license as identification. 
  

	
	 /s/ Kelly M. Melton

	Notary Public
	
	 Kelly M. Melton

	(Type, Print or Stamp Name)
	
	My Commission Expires: May 10, 2010

 [Signatures Continue on Following Page] 
  

 10 

 [SIGNATURE PAGE TO ABSOLUTE GUARANTY OF PAYMENT AND PERFORMANCE] 
 IN WITNESS WHEREOF, Guarantors have caused these presents to be signed, sealed and delivered the day and year first above written.

  

													
	 Signed, sealed and delivered
 in the presence of:
	 		  	 GUARANTOR:
	 	
		 		 		  	 22nd Street of Ybor City, Inc.,
 a Florida corporation
	 	
					
	 /s/ Heather Alvarez
	 		  	By:	 	 /s/ Sam I. Reiber
	 	
	Print Name:	 	 Heather Alvarez
	 		  		 	Name:	 	 Sam I. Reiber
	 	
		 		  		 	Title:	 	 President
	 	
	 /s/ Kelly M. Melton
	 		  		 		 		 	
	Print Name:	 	 Kelly M. Melton
	 		  		 		 	    [Corporate Seal]	 	

 STATE OF FLORIDA 
 COUNTY OF HILLSBOROUGH 
 The foregoing instrument was acknowledged before me on
October 22, 2009 by Sam Reiber as President of 22nd Street of Ybor City, Inc., a Florida corporation, on behalf of the corporation. Such person is personally known to me or has produced a valid driver’s license as identification. 
  

	
	 /s/ Kelly M. Melton

	Notary Public
	
	 Kelly M. Melton

	(Type, Print or Stamp Name)
	
	My Commission Expires: May 10, 2010

 [Signatures Continue on Following Page] 
  

 11 

 [SIGNATURE PAGE TO ABSOLUTE GUARANTY OF PAYMENT AND PERFORMANCE] 
 IN WITNESS WHEREOF, Guarantors have caused these presents to be signed, sealed and delivered the day and year first above written.

  

													
	 Signed, sealed and delivered
 in the presence of:
	 		  	 GUARANTOR:
	 	
		 		 		  	 ABM of Tampa Bay, Inc.,
 a Florida corporation
	 	
					
	 /s/ Heather Alvarez
	 		  	By:	 	 /s/ Sam I. Reiber
	 	
	Print Name:	 	 Heather Alvarez
	 		  		 	Name:	 	 Sam I. Reiber
	 	
		 		  		 	Title:	 	 President
	 	
	 /s/ Kelly M. Melton
	 		  		 		 		 	
	Print Name:	 	 Kelly M. Melton
	 		  		 		 	    [Corporate Seal]	 	

 STATE OF FLORIDA 
 COUNTY OF HILLSBOROUGH 
 The foregoing instrument was acknowledged before me on
October 22, 2009, by Sam Reiber as President of ABM of Tampa Bay, Inc., a Florida corporation, on behalf of the corporation. Such person is personally known to me or has produced a valid driver’s license as identification. 
  

	
	 /s/ Kelly M. Melton

	Notary Public
	
	 Kelly M. Melton

	(Type, Print or Stamp Name)
	
	My Commission Expires: May 10, 2010

 [Signatures Continue on Following Page] 
  

 12 

 [SIGNATURE PAGE TO ABSOLUTE GUARANTY OF PAYMENT AND PERFORMANCE] 
 IN WITNESS WHEREOF, Guarantors have caused these presents to be signed, sealed and delivered the day and year first above written.

  

													
	 Signed, sealed and delivered
 in the presence of:
	 		  	 GUARANTOR:
	 	
		 		 		  	 UTEK Europe, Ltd.,
 a United Kingdom corporation
	 	
					
	  
	 		  	By:	 	  
	 	
	Print Name:	 	  
	 		  		 	Name:	 	  
	 	
		 		  		 	Title:	 	  
	 	
	  
	 		  		 		 		 	
	Print Name:	 	  
	 		  		 		 	    [Corporate Seal]	 	

 STATE OF FLORIDA 
 COUNTY OF HILLSBOROUGH 
 The foregoing instrument was acknowledged before me on
October             , 2009, by
                                         as
                                         of UTEK
Europe, Ltd., a United Kingdom corporation, on behalf of the corporation. Such person is personally known to me or has produced a valid driver’s license as identification. 
  

	
	  

	Notary Public
	
	  

	(Type, Print or Stamp Name)
	
	My Commission Expires:

  

 13

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00164-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00164-of-00352.parquet"}]]