Document:

exv10w45

 

Exhibit 10.45

MASTER REAFFIRMATION AGREEMENT

     THIS MASTER REAFFIRMATION AGREEMENT (this “Reaffirmation”) is made and
dated as of the 8th day of July, 2005, by and among each of the undersigned
Existing Guarantors and Existing Foreign Subsidiaries (as such terms and all
other capitalized terms used herein are defined in the Credit Agreement
referred to below), DOLLAR FINANCIAL GROUP, INC. (the “Company”), and WELLS
FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent to the Lenders from
time to time party to the Credit Agreement (in such capacity, the
“Administrative Agent”).

RECITALS

     A. Pursuant to that certain Second Amended and Restated Credit Agreement
dated as of November 13, 2003, by and among the Company, Dollar
Financial Corp.
(the “Parent”), the Administrative Agent, the lenders currently party thereto
(the “Existing Lenders”), and others (as amended to date, the “Existing Credit
Agreement”), the Existing Lenders agreed to extend credit to the Company on
the terms and subject to the conditions set forth therein.

     B. Pursuant
to the Existing Credit Agreement: ( 1 ) each of the Existing
Guarantors was required to execute and deliver to the Administrative Agent a
Guaranty, a Guarantor Security Agreement, and a Guarantor Subordination
Agreement, and (2) each of the Existing Foreign Subsidiaries was required to
execute and deliver to the Administrative Agent a Foreign Subsidiary
Subordination Agreement.

     C. The Company, the Administrative Agent, and a group of lenders
consisting of certain of the Existing Lenders together with certain new
lenders (collectively, the “Current Lenders”) have agreed to amend the
Existing Credit Agreement in certain respects and, for convenience of
reference, to restate the Existing Credit Agreement in its entirety as set
forth in that certain Third Amended and Restated Credit Agreement dated
concurrently herewith by and among the Company, the Parent, the Current
Lenders, the Administrative Agent, U.S. Bank National Association, as
Syndication Agent, and Manufacturers and Traders Trust Company, as
Documentation Agent (as amended, extended, and replaced from time to time,
the “Credit Agreement”).

     D. As a condition precedent to the agreement of the Administrative Agent
and the Current Lenders to enter into the Credit Agreement and to extend credit
to the Company thereunder: (1) each Existing Guarantor is required to reaffirm
the continuing effectiveness of the Guaranty and Guarantor Security Agreement
executed by such Existing Guarantor following the Effective Date, (2) the
Company and each Existing Guarantor are required to reaffirm the continuing
effectiveness of the Guarantor Subordination Agreement executed by the Company
and such Existing Guarantor following the Effective Date, and (3) the Company
and each Existing Foreign Subsidiary are required to reaffirm the continuing
effectiveness of the Foreign Subsidiary Subordination Agreement executed by the
Company and such Existing Foreign Subsidiary following the Effective Date, all
on the terms and conditions set forth herein.

     NOW, THEREFORE, in consideration of the above Recitals and for other
good and valuable consideration, the receipt and adequacy of which are hereby
acknowledged, the parties hereto hereby agree as follows:

 

 

AGREEMENT

     1. Reaffirmation.

          (a) Each of the Existing Guarantors and the Company hereby affirm and
agree that the execution and delivery by the Company of the Credit Amendment
and the performance by the Company of its Obligations under the Credit
Agreement shall not in any way amend, impair, invalidate or otherwise affect:
(1) any of the obligations of such Existing Guarantor or the rights of the
Administrative Agent and the Lenders under the Guaranty of such Existing
Guarantor, (2) any of the obligations of such Existing Guarantor or the rights
of the Administrative Agent and the Lenders under the Guarantor Security
Agreement of such Existing Guarantor, (3) any of the obligations of such
Existing Guarantor or the Company or the rights of the Administrative Agent
and the Lenders under the Guarantor Subordination Agreement of such Existing
Guarantor, or (4) any of the obligations of such Existing Guarantor or the
Company or the rights of the Administrative Agent and the Lenders under any
other document or instrument made or given by the Existing Guarantor or the
Company in connection with any of the foregoing;

          (b) Each of the Existing Foreign Subsidiaries and the Company hereby
affirm and agree that the execution and delivery by the Company of the Credit
Amendment and the performance by the Company of its Obligations under the
Credit Agreement shall not in any way amend, impair, invalidate or otherwise
affect: (1) any of the obligations of such Existing Foreign Subsidiary or the
Company or the rights of the Administrative Agent and the Lenders under the
Foreign Subsidiary Subordination Agreement of such Existing Foreign
Subsidiary, or (2) any of the obligations of such Existing Foreign Subsidiary
or the rights of the Administrative Agent and the Lenders under any other
document or instrument made or given by the Existing Foreign Subsidiary in
connection with the foregoing;

          (c) Each of the Existing Guarantors hereby affirms and agrees that the
terms: (1) “Guaranteed Obligations” as used in the Guaranty of such Existing
Guarantor, (2) “Guarantor Obligations” as used in the Guarantor Security
Agreement of such Existing Guarantor, and (3) “Senior Obligations” as used in
the Guarantor Subordination Agreement of such Existing Guarantor include,
without limitation, the Obligations of the Company under the Credit Agreement;

          (d) Each of the Existing Foreign Subsidiaries hereby affirms and agrees
that the term “Senior Obligations’’ as used in the Foreign Subsidiary
Subordination Agreement of such Existing Foreign Subsidiary include, without
limitation, the Obligations of the Company under the Credit Agreement;

          (e) Each of the Existing Guarantors hereby affirms and agrees that its
Guaranty remains in full force and effect and constitutes an absolute and
unconditional guaranty of the Obligations of the Company, enforceable in
accordance with its terms;

          (f) Each of the Existing Guarantors hereby affirms and agrees that its
Guarantor Security Agreement remains in full force and effect and grants to
the Administrative Agent a Lien in the “Guarantor Collateral” referred to
therein as collateral security for the “Guarantor Obligations” (as defined
therein), enforceable in accordance with its terms;

          (g) Each of the Existing Guarantors and the Company hereby affirm and
agree that the Guarantor Subordination Agreement of such Existing Guarantor
remains in full

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force and effect and the “Claims” defined therein remain subordinate
to the Senior Obligations, including, without limitation, the “Obligations”
under the Credit Agreement, on the terms and subject to the conditions set
forth therein; and

          (h) Each of the Existing Foreign Subsidiaries and the Company hereby
affirm and agree that the Foreign Subsidiary Subordination Agreement of such
Foreign Subsidiary remains in full force and effect and the “Claims” defined
therein remain subordinate to the Senior Obligations, including, without
limitation, the “Obligations” under the Credit Agreement, on the terms and
subject to the conditions set forth therein

     2. Counterparts.
This Reaffirmation may be executed in counterparts, all
of which taken together shall constitute one and the same agreement.

     3. Representations
and Warranties. Each of the Existing Guarantors, the
Existing Foreign Subsidiaries and the Company hereby represents and warrants
to the Administrative Agent and the Lenders that:

          (a) Such Person has the corporate power and authority and the legal right
to execute, deliver and perform this Reaffirmation and has taken all necessary
corporate action to authorize the execution, delivery and performance of it;

          (h) This Reaffirmation has been duly executed and delivered on behalf
of such Person and constitutes a legal, valid and binding obligation of such
Person, enforceable against such Person in accordance with its terms subject
to the effect of applicable bankruptcy, insolvency, reorganization,
moratorium and other similar laws affecting the rights of creditors
generally and the effect of equitable principles whether applied in an
action at law or a suit in equity; and

          (c) No consent, approval, authorization of, or registration, declaration
or filing with any Governmental Authority is required on the part of such
Person in connection with the execution and delivery of this Reaffirmation or
the performance of or compliance with the terms, provisions and conditions
hereof or thereof.

     4. Governing
Law. Notwithstanding anything contained in any of the
Guaranties, the Guarantor Security Agreements, the Guarantor Subordination
Agreements, or the Foreign Subsidiary Subordination Agreements to which they
are a party, each of the parties hereto agree that as of the date of this
Reaffirmation and at all times thereafter, each of the Guaranties, the
Guarantor Security Agreements, the Guarantor Subordination Agreements, the
Foreign Subsidiary Subordination Agreements, and this Reaffirmation shall be
governed by and construed in accordance with the laws of the State of New York
without giving effect to its choice of law rules, and that any specific
reference in any of the Guaranties, the Guarantor Security Agreements, the
Guarantor Subordination Agreements, or the Foreign Subsidiary Subordination
Agreements to any provision of the laws of any other jurisdiction shall
hereinafter be deemed to be a reference to the analogous provision of the laws
of the State of New York, if any.

[Signature pages following]

3

 

     IN WITNESS WHEREOF, the parties hereto have caused
this Reaffirmation to be executed as of the day and
year first above written.

	 	 	 	 	 
	 	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,
	 	 	as Administrative Agent
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Alex Y. Kim
	 

	 	 	 	 
	 

	 	Name:
	 	Alex Y. Kim
	 

	 	Title:
	 	Vice President
	 
	 	 	 	 
	 	 	DOLLAR FINANCIAL GROUP,
INC.
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Donald Gayhardt
	 

	 	 	 	 
	 

	 	Name:
	 	Donald Gayhardt
	 

	 	Title:
	 	President

4

 

	 	 	 	 	 	 	 
	 	 	ACKNOWLEDGED AND AGREED TO BY EACH

OF THE EXISTING GUARANTORS:
	 
	 	 	 	 	 	 
	 	 	ANY KIND CHECK CASHING CENTERS, INC.
	 	 	CASH UNLIMITED OF ARIZONA, INC.
	 	 	CHECK MART OF LOUISIANA, INC.
	 	 	CHECK MART OF NEW MEXICO, INC.
	 	 	CHECK MART OF
PENNSYLVANIA, INC.
	 	 	CHECK MART OF TEXAS, INC.
	 	 	CHECK MART OF WISCONSIN, INC.
	 	 	DFG CANADA, INC.
	 	 	DFG INTERNATIONAL, INC.
	 	 	DFG WORLD, INC.
	 	 	DOLLAR FINANCIAL CORP.
	 	 	DOLLAR FINANCIAL INSURANCE CORP.
	 	 	FINANCIAL EXCHANGE COMPANY OF OHIO,
INC.
	 	 	FINANCIAL EXCHANGE COMPANY OF
PENNSYLVANIA, INC.
	 	 	FINANCIAL EXCHANGE COMPANY OF
PITTSBURGH, INC.
	 	 	FINANCIAL EXCHANGE COMPANY OF
VIRGINIA, INC.
	 	 	LOAN MART OF
OKLAHOMA, INC.
	 	 	MONETARY MANAGEMENT CORPORATION OF

PENNSYLVANIA
	 	 	MONETARY MANAGEMENT OF CALIFORNIA,
INC.
	 	 	MONETARY MANAGEMENT OF MARYLAND,
INC.
	 	 	MONETARY MANAGEMENT OF NEW YORK, INC.
	 	 	MONEYMART, INC.
	 	 	MONEY MART EXPRESS, INC.
	 	 	PACIFIC RING ENTERPRISES, INC.
	 	 	PD RECOVERY, INC., f/k/a QTV Holdings, Inc.
	 
	 	 	 	 	 	 
	 	 	By:	 	/s/ Donald Gayhardt
	 	 	 	 	 
	 	 	Name:	 	Donald Gayhardt
	 	 	Title:	 	President
	 
	 	 	 	 	 	 
	 	 	WE THE PEOPLE USA, INC., f/k/a WTP Acquisition
Corp.
	 
	 	 	 	 	 	 
	 	 	By:	 	/s/ Donald Gayhardt
	 	 	 	 	 
	 	 	Name:	 	Donald Gayhardt
	 	 	Title:	 	Executive Vice President

5

 

	 	 	 	 	 	 	 
	 	 	ACKNOWLEDGED AND AGREED TO BY EACH

OF THE EXISTING FOREIGN SUBSIDIARIES:
	 
	 	 	 	 	 	 
	 	 	A.E. OSBORNE & SONS LIMITED
	 	 	CASH A CHEQUE (GB) LIMITED
	 	 	CASH A CHEQUE GREAT
BRITAIN LIMITED
	 	 	CASH A CHEQUE HOLDINGS
GREAT BRITAIN LIMITED
	 	 	CASH A CHEQUE (SOUTH) LIMITED
	 	 	CASH CENTRES CORPORATION LIMITED
	 	 	CASH CENTRES INTERNATIONAL LIMITED
	 	 	CASH CENTRES LIMITED
	 	 	CASH CENTRES RETAIL LIMITED
	 	 	CASH CENTRES SCOTLAND LIMITED
	 	 	C.C. FINANCIAL SERVICES LIMITED
	 	 	COUNTY REGISTERS LIMITED
	 	 	DOLLAR FINANCIAL UK LIMITED
	 	 	FASTCASH LIMITED
	 	 	INSTANT CASH LOANS LIMITED
	 	 	LOMBARD GUILDHOUSE LIMITED
	 	 	LONDON CASH EXCHANGE LIMITED
	 
	 	 	 	 	 	 
	 	 	By:	 	/s/ Paul Mildenstein
	 	 	 	 	 
	 	 	Name:	 	Paul Mildenstein
	 	 	Title:	 	Managing Director
	 
	 	 	 	 	 	 
	 	 	By:	 	/s/ Donald Gayhardt
	 	 	 	 	 
	 	 	Name:	 	Donald Gayhardt
	 	 	Title:	 	Director
	 
	 	 	 	 	 	 
	 	 	NATIONAL MONEY MART COMPANY
T.L.T. HOLDCO, INC.
	 
	 	 	 	 	 	 
	 	 	By:	 	/s/ Syd Franchuk
	 	 	 	 	 
	 	 	Name:	 	Syd Franchuk
	 	 	Title:	 	President, Secretary and Treasurer
	 
	 	 	 	 	 	 
	 	 	OTTAWA WELLINGTON PARTNERSHIP
	 
	 	 	 	 	 	 
	 	 	By:	 	NATIONAL MONEY MART COMPANY, its

General Partner
	 
	 	 	 	 	 	 
	 

	 	 	 	By:
	 	/s/ Syd Franchuk
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Syd Franchuk
	 

	 	 	 	Its:
	 	President, Secretary and Treasurer

6exv10w46

 

Exhibit 10.46

FORM OF GUARANTY

          THIS
GUARANTY (the “Guaranty”) is made and dated as of the
___ day of _________, 200___ by
__________________,
a Delaware _________ (“Guarantor”).

RECITALS

     A. This Guaranty is being executed and delivered to Wells Fargo Bank, National Association,
acting in its capacity as administrative agent (in such capacity, the “Administrative Agent”) for
the lenders from time to time party to that certain Second Amended and Restated Credit Agreement
dated as of November 13, 2003 by and among Dollar Financial Group, Inc. (the “Company”), Dollar
Financial Corp. (formerly DFG Holdings, Inc.), the Administrative Agent, the Documentation Agent,
the Syndication Agent, and the Lenders from time to time party thereto (as amended, extended and
replaced from time to time, the “Credit Agreement,” and with capitalized terms not otherwise
defined herein used with the meanings given such terms in the Credit Agreement).

     B. Pursuant to the Credit Agreement the Lenders have agreed to extend credit to the Company on
the terms and subject to the conditions set forth therein.

     C. As a condition precedent to the Lenders’ ongoing obligation to extend credit under the
Credit Agreement, Guarantor is required, among other things, to execute and deliver this Guaranty
to the Administrative Agent for the benefit of the Lenders.

          NOW, THEREFORE, in consideration of the above Recitals and for other good and valuable
consideration, the receipt and adequacy of which are hereby acknowledged, Guarantor hereby agrees
as follows:

AGREEMENT

          1. Guarantor hereby absolutely and unconditionally guarantees the payment when due, upon
maturity, acceleration or otherwise, of all obligations of the Company to the Lenders under the
Credit Agreement and the other Loan Documents (as defined in the Credit Agreement), whether
heretofore, now, or hereafter made, incurred or created, whether voluntary or involuntary and
however arising, absolute or contingent, liquidated or unliquidated, determined or undetermined
(collectively and severally, the “Guaranteed Obligations”), whether or not such Guaranteed
Obligations are from time to time reduced, or extinguished and thereafter increased or incurred,
whether the Company may be liable individually or jointly with others, whether or not recovery upon
such Guaranteed Obligations may be or hereafter become barred by any statute of limitations, and
whether or not such Guaranteed Obligations may be or hereafter become otherwise unenforceable.

          2. Guarantor hereby absolutely and unconditionally guarantees the payment of the Guaranteed
Obligations, whether or not due or payable by the Company, upon: (a) the dissolution (except any
such dissolution that is not prohibited by the Credit Agreement), insolvency or business failure
of, or any assignment for benefit of creditors by, or commencement of any bankruptcy,
reorganization, arrangement, moratorium or other debtor relief proceedings by or against, either
the Company or Guarantor, or (b) the appointment of a

 

 

receiver for, or the attachment, restraint of or making or levying of any order of court or
legal process affecting, the property of either the Company or Guarantor, and unconditionally
promises to pay such Guaranteed Obligations to the Administrative Agent for the benefit of Lenders,
or order, on demand, in lawful money of the United States.

          3. The liability of Guarantor hereunder is exclusive and independent of any security for or
other guaranty of the Guaranteed Obligations, whether executed by Guarantor or by any other party,
and the liability of Guarantor hereunder is not affected or impaired by (a) any direction of
application of payment by the Company or by any other party, or (b) any other guaranty, undertaking
or maximum liability of Guarantor or of any other party as to the Guaranteed Obligations, or (c)
any payment on or in reduction of any such other guaranty or undertaking, or (d) any revocation or
release of any obligations of any other guarantor of the Guaranteed Obligations, or (e) any
dissolution, termination or increase, decrease or change in personnel of Guarantor, or (0 any
payment made to the Administrative Agent or any Lender on the Guaranteed Obligations which the
Administrative Agent or any Lender repays to the Company pursuant to court order in any bankruptcy,
reorganization, arrangement, moratorium or other debtor relief proceeding, and Guarantor waives any
right to the deferral or modification of Guarantor’s obligations hereunder by reason of any such
proceeding.

          4.

               (a) The obligations of Guarantor hereunder are independent of the obligations of the Company
with respect to the Guaranteed Obligations, and a separate action or actions may be brought and
prosecuted against Guarantor whether or not action is brought against the Company and whether or
not the Company be joined in any such action or actions. Guarantor waives, to the fullest extent
permitted by law, the benefit of any statute of limitations affecting its liability hereunder or
the enforcement thereof. Any payment by the Company or other circumstance which operates to toll
any statute of limitations as to the Company shall operate to toll the statute of limitations as to
Guarantor.

               (b) All payments made by Guarantor under this Guaranty shall be made without set-off or
counterclaim and free and clear of and without deductions for any present or future taxes, fees,
withholdings or conditions of any nature (“Taxes”). Guarantor shall pay any such Taxes, including
Taxes on any amounts so paid, and will promptly furnish any Lender copies of any tax receipts or
such other evidence of payment as such Lender may require.

          5. Guarantor authorizes the Administrative Agent and Lenders (whether or not after termination
of this Guaranty), without notice or demand (except as shall be required by applicable statute and
cannot be waived), and without affecting or impairing its liability hereunder, from time to time to
(a) renew, compromise, extend, increase, accelerate or otherwise change the time for payment of, or
otherwise change the terms of Guaranteed Obligations or any part thereof, including increase or
decrease of the rate of interest thereon; (b) take and hold security for the payment of this
Guaranty or the Guaranteed Obligations and exchange, enforce, waive and release any such security;
(c) apply such security and direct the order or manner of sale thereof as the Administrative Agent
and Lenders in their discretion may determine; and (d) release or substitute any one or more
endorsers, guarantors, the Company or other obligors. The Administrative Agent and Lenders may,
without notice to or the further consent of the Company

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or Guarantor, assign this Guaranty in whole or in part to any person acquiring an interest in
the Guaranteed Obligations.

          6. It is not necessary for the Administrative Agent or any Lender to inquire into the capacity
or power of the Company or the officers acting or purporting to act on their behalf, and Guaranteed
Obligations made or created in reliance upon the professed exercise of such powers shall be
guaranteed hereunder.

          7. Guarantor waives any right to require the Administrative Agent or any Lender to (a) proceed
against the Company or any other party; (b) proceed against or exhaust any security held from the
Company; or (c) pursue any other remedy whatsoever. Guarantor waives any personal defense based on
or arising out of any personal defense of the Company other than payment in full of the Guaranteed
Obligations, including, without limitation, any defense based on or arising out of the disability
of either the Company, or the unenforceability of the Guaranteed Obligations or any part thereof
from any cause, or the cessation from any cause of the liability of the Company other than payment
in full of the Guaranteed Obligations. The Administrative Agent and Lenders may, at their
election, foreclose on any security held for the Guaranteed Obligations by one or more judicial or
nonjudicial sales, or exercise any other right or remedy they may have against the Company, or any
security, without affecting or impairing in any way the liability of Guarantor hereunder except to
the extent the Guaranteed Obligations have been paid. Guarantor waives all rights and defenses
arising out of an election of remedies, even though that election of remedies, such as a
nonjudicial foreclosure with respect to security for a guaranteed obligation, has destroyed
Guarantor’s rights of subrogation and reimbursement against the principal by operation of Section
580d of the California Code of Civil Procedure.

          8. Guarantor hereby waives any claim or other rights which Guarantor may now have or may
hereafter acquire against the Company or any other guarantor of all or any of the Guaranteed
Obligations that arise from the existence or performance of Guarantor’s obligations under this
Guaranty or any other of the Loan Documents (all such claims and rights being referred to as the
“Guarantor’s Conditional Rights”), including, without limitation, any right of subrogation,
reimbursement, exoneration, contribution, or indemnification, any right to participate in any claim
or remedy which the Administrative Agent or any Lender has against the Company or any collateral
which the Administrative Agent or any Lender now has or hereafter acquires for the Guaranteed
Obligations, whether or not such claim, remedy or right arises in equity or under contract, statute
or common law, by any payment made hereunder or otherwise, including, without limitation, the right
to take or receive from the Company, directly or indirectly, in cash or other property or by setoff
or in any other manner, payment or security on account of such claim or other rights. If,
notwithstanding the foregoing provisions, any amount shall be paid to Guarantor on account of
Guarantor’s Conditional Rights and either (a) such amount is paid to Guarantor at any time when the
Guaranteed Obligations shall not have been paid or performed in full, or (b) regardless of when
such amount is paid to Guarantor any payment made by the Company to the Administrative Agent or any
Lender is at any time determined to be a preferential payment, then such amount paid to Guarantor
shall be deemed to be held in trust for the benefit of Lenders and shall forthwith be paid to the
Administrative Agent for the benefit of Lenders to be credited and applied upon the Guaranteed
Obligations, whether matured or unmatured, in such order and manner as Lenders, in their sole
discretion, shall determine. To the extent that any of the provisions of this Paragraph 8 shall
not be enforceable,

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Guarantor agrees that until such time as the Guaranteed Obligations have been paid and
performed in full and the period of time has expired during which any payment made by the Company
or Guarantor may be determined to be a preferential payment, Guarantor’s Conditional Rights to the
extent not validly waived shall be subordinate to the Lenders’ right to full payment and
performance of the Guaranteed Obligations and Guarantor shall not seek to enforce Guarantor’s
Conditional Rights during such period.

          9. Guarantor waives all presentments, demands for performance, protests and notices,
including, without limitation, notices of nonperformance, notices of protest, notices of dishonor,
notices of acceptance of this Guaranty, and notices of the existence, creation or incurring of new
or additional Guaranteed Obligations. Guarantor assumes all responsibility for being and keeping
itself informed of either the Company’s financial condition and assets, and of all other
circumstances bearing upon the risk of nonpayment of the Guaranteed Obligations and the nature,
scope and extent of the risks which Guarantor assumes and incurs hereunder, and agrees that neither
the Administrative Agent nor any Lender shall have a duty to advise Guarantor of information known
to it regarding such circumstances or risks.

          10. In addition to the Guaranteed Obligations, Guarantor agrees to pay reasonable attorneys’
fees and all other reasonable costs and expenses incurred by the Administrative Agent and Lenders
in enforcing this Guaranty in any action or proceeding arising out of or relating to this Guaranty.

          11. Guarantor hereby represents and warrants to the Administrative Agent and each Lender that:

               (a) Guarantor: (1) is duly organized, validly existing and in good standing as a corporation
under the laws of its jurisdiction of incorporation and is qualified to do business in each
jurisdiction where its ownership of property or conduct of business requires such qualification and
where failure to qualify would have a Material Adverse Effect on the Guarantor, (2) has the
corporate or other legal power and authority and the legal right to own and operate its property
and to conduct business in the manner in which it does and proposes so to do, and (3) is in
compliance with all Requirements of Law and Contractual Obligations, the failure to comply with
which could have a Material Adverse Effect.

               (b) Guarantor has the corporate or other legal power and authority and the legal right to
execute, deliver and perform this Guaranty, and has taken all necessary corporate or other legal
action to authorize the execution, delivery and performance of this Guaranty. This Guaranty has
been duly executed and delivered on behalf of Guarantor and constitutes the legal, valid and
binding obligations of Guarantor, enforceable against it in accordance with its terms, subject to
the effect of applicable bankruptcy and other similar laws affecting the rights of creditors
generally and the effect of equitable principles whether applied in an action at law or a suit in
equity.

               (c) The execution, delivery and performance of this Guaranty will not violate any Requirement
of Law or any Contractual Obligation of Guarantor or create or result in the creation of any Lien
on any assets of Guarantor.

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               (d) Other than the necessary corporate or other legal action referred to in Paragraph 11(b)
above, no consent, approval or authorization of, or registration, declaration or filing with, any
Person is required on the part of Guarantor in connection with the execution and delivery of this
Guaranty or the performance of or compliance with the terms,
provisions and conditions hereof.

               (e) Guarantor has reviewed and approved the Credit Agreement and the other Loan Documents.

          12. Guarantor hereby covenants and agrees with the Administrative Agent and the Lenders that
it will cooperate with the Company to facilitate the Company’s compliance with all the covenants
set forth in the Credit Agreement. Guarantor further agrees to execute any and all further
documents, instruments and agreements as the Administrative Agent from time to time reasonably
requests to evidence Guarantor’s obligations hereunder.

          13. This Guaranty is secured by that certain Pledge and Security Agreement of even date
herewith by and between the Guarantor and the Administrative Agent.

          14. This Guaranty shall be governed by and construed in accordance with the laws of the State
of California without giving effect to its choice of law rules.

          15. ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS GUARANTY MAY BE BROUGHT IN THE COURTS
OF THE STATE OF CALIFORNIA OR OF THE UNITED STATES FOR THE CENTRAL DISTRICT OF CALIFORNIA, AND BY
EXECUTION AND DELIVERY OF THIS GUARANTY, GUARANTOR CONSENTS, FOR ITSELF AND IN RESPECT OF ITS
PROPERTY, TO THE NON-EXCLUSIVE JURISDICTION OF THOSE COURTS. GUARANTOR IRREVOCABLY WAIVES ANY
OBJECTION, INCLUDING ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON
CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY ACTION OR PROCEEDING IN SUCH
JURISDICTION IN RESPECT OF THIS GUARANTY. GUARANTOR WAIVES PERSONAL SERVICE OF ANY SUMMONS,
COMPLAINT OR OTHER PROCESS, WHICH MAY BE MADE BY ANY OTHER MEANS PERMITTED BY CALIFORNIA LAW.

          16. GUARANTOR WAIVES ITS RIGHTS TO A TRIAL BY JURY OF ANY CLAIM OR CAUSE OF ACTION BASED UPON
OR ARISING OUT OF OR RELATED TO THIS GUARANTY OR THE TRANSACTIONS CONTEMPLATED HEREBY, IN ANY
ACTION, PROCEEDING OR OTHER LITIGATION OF ANY TYPE BROUGHT BY ANY PARTY AGAINST ANY OTHER PARTY,
WHETHER WITH RESPECT TO CONTRACT CLAIMS, TORT CLAIMS, OR OTHERWISE. GUARANTOR AGREES THAT ANY SUCH
CLAIM OR CAUSE OF ACTION SHALL BE TRIED BY A COURT TRIAL WITHOUT LIMITING THE FOREGOING,
GUARANTOR FURTHER AGREES THAT ITS RIGHT TO A TRIAL BY JURY IS WAIVED BY OPERATION OF THIS SECTION
AS TO ANY ACTION, COUNTERCLAIM OR OTHER PROCEEDING WHICH SEEKS, IN WHOLE OR IN PART, TO CHALLENGE
THE VALIDITY OR ENFORCEABILITY OF THIS GUARANTY OR ANY PROVISION HEREOF. THIS

-5-

 

WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO
THIS GUARANTY.

[Signature page following]

-6-

 

          WITNESS WHEREOF, this Guaranty is executed as of the date first written above.

	 	 	 	 	 
	 	[GUARANTOR]

 	 
	 	By:  	 	 
	 	 	 	 
	 	 	 	 
	 

-7-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00088-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00088-of-00352.parquet"}]]