Document:

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                                                                   EXHIBIT 10.58

                          PLEDGE AND SECURITY AGREEMENT

         This Pledge and Security Agreement ("Agreement") is made and entered
into as of March 2, 2001, by and between Mobility Electronics, Inc., a Delaware
corporation ("Secured Party"), and ___________ ("Debtor").

                                       I.
                       COLLATERAL AND SECURED INDEBTEDNESS

         1.1 Grant of Security Interest. Debtor hereby assigns and pledges to
Secured Party, and hereby grants to Secured Party a security interest in 68,966
shares (the "Shares") of the common stock, par value $0.01 per share, owned by
Debtor of Secured Party, as evidenced by a certificate delivered to Secured
Party simultaneously with the execution of this Agreement; and all
distributions, fees, dividends, preferences, payments and other benefits which
Debtor is now and may hereafter be entitled to receive with respect to such
shares; and all proceeds (cash and non-cash) arising out of the sale, exchange,
collection or other disposition of all or any portion of the Shares
(collectively, the "Collateral"). In the event that Debtor receives any
additional shares of capital stock of Secured Party by way of a stock split or
stock dividend, the Debtor shall promptly deliver to the Secured Party
certificates evidencing such shares along with appropriate stock powers duly
endorsed in blank.

         1.2 Secured Obligations. This Agreement and the security interest
herein created shall secure full and punctual payment and performance of the
following indebtedness, duties and obligations (hereinafter collectively called
the "Secured Obligations"):

                  (a) All principal, interest, fees and other amounts payable to
the Secured Party pursuant to the terms and provisions of that certain
Promissory Note, of even date herewith, issued by Debtor to Secured Party in the
original principal amount of $199,311 (the "Note"), including all extensions,
renewals, modifications, increases or substitutions thereof; and

                  (b) All interest, charges, expenses, attorney's and other
legal fees and any other sums incurred by Secured Party in connection with the
enforcement of Secured Party's rights and remedies hereunder.

                                      II.
                         REPRESENTATIONS AND WARRANTIES;
                               FURTHER ASSURANCES

         2.1 Representations and Warranties. Debtor hereby represents and
warrants to Secured Party as follows:

                  (a) Debtor has good and marketable title to the Collateral
free and clear of any lien, security interest, shareholders agreement, calls,
charge or encumbrance, except for the security interest created by this
Agreement in favor of the Secured Party. No financing statement or other
instrument similar in effect covering all or any part of the Collateral is on
file in any recording office, except as may have been filed in favor of Secured
Party relating to this Agreement.

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                  (b) Debtor has the lawful right, power and authority to grant
a security interest in the Collateral. This Agreement, together with all filings
and other actions necessary or desirable to perfect and protect such security
interest, which have been duly taken, create a valid and perfected first
priority security interest in the Collateral securing the payment and
performance of the Secured Obligations.

                                      III.
                          PARTIAL RELEASE OF COLLATERAL

         Upon the delivery to the Secured Party by Debtor of a written notice
requesting that a specified number of shares representing the Collateral be
released from this Agreement, and either (i) Debtor delivers to Secured Party
cash in the amount of $2.90 multiplied by the number of Shares to be released;
or (ii) Debtor provides assurances acceptable to the Secured Party that the
Shares that are to be released will be sold through a broker acceptable to the
Secured Party, and such broker unconditionally and irrevocably undertakes to
deliver to the Secured Party a portion of the proceeds from such sale equal to
the amount set forth in (i), the Secured Party shall release from the security
interest granted herein the number of Shares specified in the notice. The amount
set forth in subpart (i) of the preceding sentence will be applied to the
outstanding principal and interest balance of the Note as provided therein. Such
release of any shares from the security interest created in this Agreement shall
not affect Secured Party's security interest in any other Collateral.

                                      IV.
                              DEFAULT AND REMEDIES

         4.1 Events of Default. An Event of Default (herein so called) shall
exist upon the failure of Debtor to make when due any scheduled payment under
the Note or any other Secured Obligations.

         4.2 Remedies of Secured Party. Upon the occurrence of an Event of
Default:

                  (a) Secured Party may, without notice or demand, accelerate
the maturity of the Note and declare the entire unpaid principal balance and
accrued interest at once due and payable.

                  (b) Secured Party may, at Secured Party's option and at the
expense of Debtor, either in Secured Party's own right or in the name of Debtor
and in the same manner and to the same extent that Debtor might reasonably so
act if this Agreement had not been made,

                           (i) do all things requisite, convenient, or necessary
                  to enforce the performance and observance of all rights,
                  remedies and privileges of Debtor arising from the Collateral,
                  or any part thereof, including, but not limited to,
                  compromising, waiving, excusing, or in any manner releasing or
                  discharging any obligation of any party to or arising from the
                  Collateral;

                           (ii) sue or otherwise collect and receive money
                  attributable to the Collateral; and

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                           (iii) exercise any other lawfully available powers or
                  remedies, and do all other things which Secured Party deems
                  requisite, convenient or necessary or which the Secured Party
                  deems proper to protect the security interest herein granted.

                  (c) Secured Party may foreclose this Agreement in the manner
now or hereafter provided or permitted by law and shall have the immediate right
to receivership pending foreclosure, and may upon such reasonable notification
prior thereto as may be required by applicable law (Debtor hereby agreeing that
10 days notice is commercially reasonable), sell, assign, transfer or otherwise
dispose of the Collateral at public or private sale, in whole or in part, and
Secured Party may, in its own name or as the irrevocably appointed
attorney-in-fact of Debtor effectively assign and transfer the Collateral, or
any part thereof, absolutely, and execute and deliver all necessary assignments,
conveyances, bills of sale and other instruments with power to substitute one or
more persons or corporations with like power. Any such foreclosure sale,
assignment, or transfer shall, to the extent permitted by law, be a perpetual
bar, both at law and in equity, against Debtor and all persons and corporations
lawfully claiming by or through or under Debtor.

                  (d) Any such foreclosure sale may be adjourned from time to
time provided that at least ten days notice of the continuation of such sale is
given to Debtor. Upon any sale, Secured Party may bid for and purchase the
Collateral, or any part thereof, and upon compliance with the terms of sale may
hold, retain, possess and dispose of the Collateral, in its absolute right
without further accountability. Secured Party shall have the right to be
credited on the amount of its bid a corresponding amount of the Secured
Obligations as of the date of such sale.

         4.3 Application of Proceeds. Except as otherwise required by applicable
law, Secured Party may apply the proceeds of any foreclosure sale hereunder as
follows:

                  (a) first, to the payment of all costs and expenses of any
foreclosure and collection hereunder and all proceedings in connection
therewith, including reasonable attorneys' fees;

                  (b) then, to the reimbursement of Secured Party for all
disbursements made by Secured Party for taxes, assessments or liens superior to
the security interest hereof and which Secured Party shall deem expedient to pay
in order to protect its interest in the Collateral;

                  (c) then, to the reimbursement of Secured Party of any other
disbursements made by Secured Party in accordance with the terms hereof;

                  (d) then, to or among the amounts of fees, interest and
principal then outstanding and unpaid in respect of the Secured Obligations, in
such priority as Secured Party may determine in its discretion; and

                  (e) the remainder of such proceeds, if any, shall be paid to
the record owner of the Collateral.

         4.4 Enforcement of Secured Obligation. Nothing in this Agreement or in
any other agreement shall affect or impair the unconditional and absolute right
of the Secured Party to

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enforce the Secured Obligations as and when the same shall become due in
accordance with the terms of the Note or other documents evidencing the Secured
Obligations.

                                       V.
                             RIGHTS OF SECURED PARTY

         5.1 Subrogation. Upon the occurrence of an Event of Default, Secured
Party, at its election, may subrogate to all of the interest, rights and
remedies of Debtor, in respect to any of the Collateral or agreements pertaining
thereto.

         5.2 Secured Party Appointed Attorney-in-Fact. Debtor hereby irrevocably
appoints Secured Party as attorney-in-fact of Debtor, with full authority in the
place and stead of Debtor and in the name of Debtor, Secured Party or otherwise,
from time to time on Secured Party's discretion and upon the occurrence of an
Event of Default, to take any action and to execute any instrument which Secured
Party may deem necessary or advisable to accomplish the purposes of this
Agreement, including without limitation: (a) to ask, demand, collect, sue for,
recover, compound, receive and give acquittance and receipts for moneys due and
to become due under or in respect of any of the Collateral; and (b) to assign
and transfer the Collateral, or any part thereof, absolutely and to execute and
deliver endorsements, assignments, conveyances, bills of sale and other
instruments with power to substitute one or more persons or corporation with
like power.

         5.3 Performance by Secured Party. If Debtor fails to perform any
agreement contained herein, Secured Party may itself perform, or cause the
performance of, such agreement, and the reasonable expenses of Secured Party
incurred in connection therewith shall be payable by Debtor under Section 5.8.
In no event, however, shall Secured Party have any obligation or duties
whatsoever to perform any covenant or agreement of Debtor contained herein, and
any such performance by Secured party shall be wholly discretionary with Secured
Party.

         5.4 Duties of Secured Party. The powers conferred upon Secured Party
hereunder are solely to protect its interest in the Collateral and shall not
impose any duty upon it to exercise any such powers. Except for the safe custody
of any Collateral in its possession and the accounting for money actually
received by it hereunder, Secured Party shall have no duty as to any Collateral
or as to the taking of any necessary steps to preserve rights against prior
parties or any other rights pertaining to any Collateral.

         5.5 No Liability of Secured Party. Neither the acceptance of this
Agreement by Secured Party, nor the exercise of any rights hereunder by Secured
Party, shall be construed in any way as an assumption by Secured Party of any
obligations, responsibilities or duties of Debtor arising in connection with the
Collateral assigned hereunder or otherwise bind Secured Party to the performance
of any obligations respecting the Collateral, it being expressly understood that
Secured Party shall not be obligated to perform, observe or discharge any
obligation, responsibility, duty, or liability of Debtor in respect of any of
the Collateral, including, but not limited to, appearing in or defending any
action, expending any money or incurring any expense in connection therewith.

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         5.6 Right of Secured Party to Defend Action Affecting Security. Secured
Party may, at the expense of Debtor, appear in and defend any action or
proceeding at law or in equity purporting to affect Secured Party's security
interest under this Agreement.

         5.7 Right of Secured Party to Prevent or Remedy Default. If Debtor
shall fail to perform any of the covenants, conditions and agreements required
to be performed and observed by Debtor in respect of the Collateral, Secured
Party (a) may but shall not be obligated to take any action Secured Party deems
necessary or desirable to prevent or remedy any such default by Debtor or
otherwise to protect the security interest of Secured Party under this
Agreement, and (b) shall have the absolute and immediate right to take
possession of the Collateral or any part thereof (to the extent Secured Party
has not previously taken possession) to such extent and as often as the Secured
Party, in its sole discretion, deems necessary or desirable in order to prevent
or to cure any such default by Debtor, or otherwise to protect the security of
this Agreement. Secured Party may advance or expend such sums of money for the
account of Debtor as Secured Party in its sole discretion deems necessary for
any such purpose.

         5.8 Secured Party's Expenses. All reasonable advances, costs, expenses,
charges and attorneys' fees which Secured Party may make, pay or incur under any
provision of this Agreement for the protection of its security or for the
enforcement of any of its rights hereunder, or in foreclosure proceedings
commenced and subsequently abandoned, or in any dispute or litigation in which
Secured Party or the holder of any of the Secured Obligations may become
involved by reason of or arising out of the Note or other Secured Obligations or
the Collateral shall be a part of the Secured Obligations and shall bear
interest until paid at the rate chargeable on the Note but not to exceed the
maximum rate of interest permitted by applicable law, from the date of such
payment until repaid by Debtor.

         5.9 No Waiver. In case Secured Party shall have proceeded to enforce
any right or remedy hereunder and such proceedings shall have been discontinued
or abandoned for any reason, then in every such case, Debtor and Secured Party
shall be restored to their former positions and rights hereunder with respect to
the Collateral, and all rights, remedies and powers of Secured Party shall
continue as if no such proceeding had been taken. No failure or delay on the
part of Secured Party in exercising any right, remedy or power under this
Agreement or in giving or insisting upon strict performance by Debtor hereunder
or in giving notice hereunder shall operate as a waiver of the same or any other
power or right, and no single or partial exercise of any such power or right
shall preclude any other or further exercise thereof or the exercise of any
other such power or right. Secured Party, notwithstanding any such failure,
shall have the right thereafter to insist upon the strict performance by Debtor
of any and all of the terms and provisions of this Agreement to be performed by
the Debtor. The collection and application of proceeds, the entering and taking
possession of the Collateral, and the exercise of the rights of Secured Party
contained in this Agreement, shall not cure or waive any default, or affect any
notice of default, or invalidate any acts done pursuant to such notice. No
waiver by Secured Party of any breach or default of or by any party hereunder
shall be deemed to alter or affect Secured Party's rights hereunder with respect
to any prior or subsequent default.

         5.10 Remedies. No right or remedy herein reserved to Secured Party is
intended to be exclusive of any other right or remedy, but each and every such
remedy shall be cumulative, not in lieu of, but in addition to any other rights
or remedies given under this Agreement and all

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other security documents. Any and all of Secured Party's rights and remedies may
be exercised from time to time and as often as such exercise as deemed necessary
or desirable by Secured Party.

         5.11 Right of Secured Party to Extend Time of Payment, Substitute,
Release Security, Etc. Without affecting the liability of any person, including
Debtor, for the payment of any of the Secured Obligations or the lien of this
Agreement on the Collateral, or the remainder thereof, for the full amount of
any indebtedness unpaid, Secured Party may from time to time, without notice or
without affecting or impairing any of Secured Party's rights under this
Agreement: (a) release any person liable for the payment of any of such
indebtedness, (b) extend the time or otherwise alter the terms of payment of any
of such indebtedness, (c) accept additional security therefor of any kind,
including deeds of trust or mortgages, (d) alter, substitute or release any
property securing the Secured Obligations, (e) resort for the payment of all or
any portion of the Secured Obligations to its several securities therefor in
such order and manner as it may deem fit, or (f) join in any subordination or
other agreement affecting this Agreement or the lien or charge thereof.

         5.12 Dividends. Upon the occurrence of an Event of Default, Secured
Party shall be entitled to any dividends, fees, receipts, payments or other
disbursements, attributable in any way to the Collateral. Debtor shall take all
actions necessary to cause the payor of such disbursements to make such
disbursements directly to Secured Party on account of Debtor. Such amounts, when
received by Debtor, will be applied to the outstanding balance of the Note or
the other Secured Obligations, as determined by Secured Party. At all times
during the term of this Agreement, Secured Party will be entitled to all stock
dividends and proceeds of the Collateral.

         5.13 Delivery of Certificates. Simultaneously with the execution of
this Agreement, Debtor shall deliver to Secured Party all certificates or other
documentation evidencing the Collateral, along with such endorsements or stock
powers as the Secured Party may request. In the event that Debtor receives any
certificates evidencing the Collateral, Debtor shall within three days of
receipt, deliver such certificates to Secured Party along with appropriate stock
powers executed in blank.

                                      VI.
                                  MISCELLANEOUS

         6.1 Terms Commercially Reasonable. The terms of this Agreement shall be
deemed commercially reasonable within the meaning of the Uniform Commercial Code
in effect and applicable hereto.

         6.2 Notices. Any notices or demands required or permitted to be given
hereunder shall be deemed sufficiently given if in writing and personally
delivered or mailed by registered or certified mail, return receipt requested
(with all postage and charges prepaid), addressed as follows:

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          To Secured Party:             Mobility Electronics, Inc.
                                        7955 East Redfield Road
                                        Scottsdale, Arizona  85260
                                        Attn:  Board of Directors

          Debtor:                       ___________________________
                                        7955 East Redfield Road
                                        Scottsdale, Arizona  85260

or at such other address as the above parties may from time to time designate by
written notice to the other given in accordance with this Section 6.2. Any such
notice, if personally delivered shall be deemed to have been given on the date
so delivered or, if mailed, be deemed to have been given on the third day after
such notice is placed in the United States mail in accordance with this Section
6.2.

         6.3 Definitions. The terms "advances," costs," and "expenses " shall
include, but shall not be limited to, attorneys' fees whenever incurred. The
terms "indebtedness" and "obligations" shall mean and include, but shall not be
limited to, all claims, demands, obligations and liabilities whatsoever, however
arising, whether owing by Debtor individually or as a joint venturer, or jointly
or in common with any other party, and whether absolute or contingent, and
whether owing by Debtor as principal debtor or as accommodation maker or as
endorser, liquidated or unliquidated, and whenever contracted, accrued or
payable. In this Agreement, whenever the context so requires, the neuter gender
includes the masculine and feminine, and the singular number includes the plural
and vice versa.

         6.4 Paragraph Headings. The headings of paragraphs herein are inserted
only for convenience and shall in no way define, describe or limit the scope of
intent of any provisions of this Agreement.

         6.5 Change, Amendment, Etc. No change, amendment, modification,
cancellation or discharge of any provision of this Agreement shall be valid
unless consented to in writing by Secured Party.

         6.6 Assignment of Secured Party's Interest. Secured Party shall have
the right to assign all or any portion of its rights in this Agreement to any
subsequent holder of the Note or other instrument evidencing the Secured
Obligations.

         6.7 Parties in Interest. As and when used herein, the term "Debtor"
shall mean and include the Debtor herein named and its successors and permitted
assigns, and the term "Secured Party" shall mean and include the Secured Party
herein named and its successors and assigns, and all covenants and agreements
herein shall be binding upon and inure to the benefit of Debtor, Secured Party
and their respective successors and permitted assigns.

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         6.8 Applicable Law. This Agreement shall be construed, interpreted and
enforceable under and pursuant to the laws of the State of Delaware. If any
provision of this Agreement is held to be invalid or unenforceable, the validity
or enforceability of the other provisions of this Agreement shall remain
unaffected.

         6.9 Counterparts. This Agreement may be executed in two or more
counterparts, each of which shall be deemed to be an original, but all of which
shall constitute one and the same instrument, and in making proof of this
Agreement it shall not be necessary to produce or account for more than one such
counterpart.

         IN WITNESS WHEREOF, Debtor and Secured Party have executed these
presents on the day and year first above written.

                                        DEBTOR:

                                        ----------------------------------------
                                        Name:
                                             -----------------------------------

                                        SECURED PARTY:

                                        MOBILITY ELECTRONICS, INC.

                                        By:
                                           -------------------------------------
                                        Its:
                                            ------------------------------------

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                                                                   EXHIBIT 10.59

                                    GUARANTY

         This Guaranty (this "Guaranty")is executed as of March 2, 2001, by
Charles R. Mollo ("Guarantor"), in favor of, Mobility Electronics, Inc., a
Delaware corporation (the "Company").

                                   WITNESSETH:

         WHEREAS, the Company has issued to La Luz Enterprises, L.L.C., an
Arizona limited liability company and an affiliate of Guarantor ("Affiliate"),
68,966 shares (the "Shares") of the common stock, par value $0.01 per share, of
the Company, the payment for which Shares was substantially made by the delivery
to the Company by Affiliate of that certain promissory note, of even date
herewith, executed by Affiliate and payable to the order of the Company in the
principal amount of $199,311 (the "Note"); and

         WHEREAS, the sale of the Shares was to be made to Guarantor (and
similar sales are being made to other executive officers of the Company), but at
Guarantor's request was instead made to Affiliate; and

         WHEREAS, as a condition to accepting the Note as payment for the
Shares, the Company has required that Guarantor execute and deliver to the
Company this Guaranty;

         NOW, THEREFORE, for and in consideration of the premises and other good
and valuable consideration, the receipt and sufficiency whereof are hereby
acknowledged and confessed, Guarantor hereby covenants and agrees as follows:

         1. Guarantor hereby absolutely and unconditionally guarantees (a) the
prompt, complete and full payment when due, and no matter how such shall become
due, of (i) the entire outstanding principal balance of the Note and any and all
interest accrued thereon, and (ii) any and all costs, expenses and other amounts
owed to the Company by Affiliate with respect to the Note, and (b) that
Affiliate will properly and timely perform any and all obligations contained in
any documents evidencing, securing, renewing, extending or pertaining to the
Note. All guaranteed obligations described in this Section 1 are herein
collectively referred to as "Guaranteed Indebtedness."

         2. If Guarantor is or becomes liable for any indebtedness owing by
Affiliate to the Company by endorsement or otherwise than under this Guaranty,
such liability shall not be in any manner impaired or affected hereby, and the
rights of the Company hereunder shall be cumulative of any and all other rights
that the Company may ever have against Guarantor. The exercise by the Company of
any right or remedy hereunder or under any other instrument, or at law or in
equity, shall not preclude the concurrent or subsequent exercise of any other
right or remedy. Without in any way diminishing the generality of the foregoing
portion of this Section 2, it is specifically understood and agreed that this
Guaranty is given by Guarantor as an additional guaranty to any and all other
guaranties heretofore or hereafter executed and delivered to the Company by any
guarantor in favor of the Company relating to indebtedness of Affiliate to the
Company, and nothing herein shall ever be deemed to replace or be in lieu of any
other of such previous or subsequent guaranties.

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         3. In the event of default by Affiliate in payment of the Guaranteed
Indebtedness, or any part thereof, when such indebtedness becomes due, either by
its terms or as the result of the exercise of any power to accelerate, Guarantor
shall, on demand and without: (i) further notice of dishonor; any notice having
been given to Guarantor previous to such demand of the acceptance by the Company
of this Guaranty; and (iii) any notice having been given to Guarantor previous
to such demand of the creating or incurring of such indebtedness, pay the amount
due thereon to the Company, at 7955 East Redfield Road, Scottsdale, Arizona
85260, or such other address as the Company shall advise Guarantor in writing,
and it shall not be necessary for the Company, in order to enforce such payment
by Guarantor, first, to institute suit or exhaust its remedies against Affiliate
or others liable on such indebtedness, to have Affiliate joined with Guarantor
in any suit brought under this Guaranty or to enforce its rights against any
security which shall ever have been given to secure such indebtedness; provided,
however, that in the event the Company elects to enforce and/or exercise any
remedies it may possess with respect to any security for the Guaranteed
Indebtedness prior to demanding payment from Guarantor, Guarantor shall
nevertheless be obligated hereunder for any and all sums still owing the Company
on the Guaranteed Indebtedness and not repaid or recovered incident to the
exercise of such remedies.

         4. Notice to Guarantor of the acceptance of this Guaranty and of the
making, renewing or assignment of the Guaranteed Indebtedness and each item
thereof, are hereby expressly waived by Guarantor.

         5. Each payment on the Guaranteed Indebtedness shall be deemed to have
been made by Affiliate unless express written notice is given to the Company at
the time of such payment that such payment is made by Guarantor as specified in
such notice.

         6. If all or any part of the Guaranteed Indebtedness at any time be
secured, Guarantor agrees that the Company may at any time and from time to
time, at its discretion and with or without valuable consideration, allow
substitution or withdrawal of collateral or other security and release
collateral or other security or compromise or settle any amount due or owing
under the Note or amend or modify in whole or in part the Note or any documents
executed in connection with same without impairing or diminishing the
obligations of Guarantor hereunder. Guarantor further agrees that if Affiliate
executes in favor of the Company any collateral agreement, mortgage or other
security instrument, the exercise by the Company of any right or remedy thereby
conferred on the Company shall be wholly discretionary with the Company, and
that the exercise or failure to exercise any such right or remedy shall in no
way impair or diminish the obligation of Guarantor hereunder. Guarantor further
agrees that the Company shall not be liable for its failure to use diligence in
the collection of the Guaranteed Indebtedness or in preserving the liability of
any person liable for the Guaranteed Indebtedness, and Guarantor hereby waives
presentment for payment, notice of nonpayment, protest and notice thereof
(including, notice of acceleration), and diligence in bringing suits against any
person liable on the Guaranteed Indebtedness, or any part thereof.

         7. Guarantor agrees that the Company, in its discretion, may (i) bring
suit against all guarantors of the Guaranteed Indebtedness jointly and severally
or against any one or more of them, (ii) compound or settle with any one or more
of such guarantors for such consideration as the Company may deem proper, and
(iii) release one or more of such guarantors from liability hereunder, and that
no such action shall impair the rights of the Company to collect the

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Guaranteed Indebtedness (or the unpaid balance thereof) from other such
guarantors of the Guaranteed Indebtedness, or any of them, not so sued, settled
with or released.

         8. In the event of the death of Guarantor, the obligation of the estate
of Guarantor shall continue in full force and effect as to (i) the Guaranteed
Indebtedness, as it exists at the date of death, and any renewals or extensions
thereof, and (ii) loans or advances made to or for the account of Affiliate
after the date of death of Guarantor pursuant to an obligation of the Company
under a commitment made to Affiliate prior to the date of such death, subject
only to the limitation, if any be herein specified, on the amount of the
Guaranteed Indebtedness.

         9. This Guaranty is for the benefit of the Company, its successors and
assigns, and in the event of an assignment by the Company (or its successors or
assigns) of the Guaranteed Indebtedness, or any part thereof, the rights and
benefits hereunder, to the extent applicable to the indebtedness so assigned,
may be transferred with such indebtedness. Subject to Section 8 above, this
Guaranty is binding, not only on Guarantor, but on the heirs, executors,
administrators, personal representatives, successors and assigns of Guarantor.

         10. No modification, consent, amendment or waiver of any provision of
this Guaranty, nor consent to any departure by Guarantor therefrom, shall be
effective unless the same shall be in writing and signed by the Company, and
then shall be effective only in the specific instance and for the purpose for
which given. No notice to or demand on Guarantor in any case shall, of itself,
entitle Guarantor to any other or further notice or demand in similar other
circumstances. No delay or omission by the Company in exercising any power or
right hereunder shall impair any such right or power or be construed as a waiver
thereof or any acquiescence therein, nor shall any single or partial exercise of
any such power preclude other or further exercise thereof, or the exercise of
any other right or power hereunder. All rights and remedies of the Company
hereunder are cumulative of each other and of every other right or remedy which
the Company may otherwise have at law or in equity or under any other contract
or document, and the exercise of one or more rights or remedies shall not
prejudice or impair the concurrent or subsequent exercise of other rights or
remedies.

         11. No provision herein or in the Note or in any promissory note,
instrument or other loan document executed by Affiliate or Guarantor evidencing
the Guaranteed Indebtedness shall require the payment or permit the collection
of interest in excess of the maximum permitted by law. If any excess of interest
in such respect is provided for herein or in any such promissory note,
instrument, or any other loan document, the provisions of this paragraph shall
govern, and neither Affiliate nor Guarantor shall be obligated to pay the amount
of such interest to the extent that it is in excess of the amount permitted by
law. The intention of the parties being to conform strictly to any applicable
federal or state usury laws now in force, all promissory notes, instruments and
other loan documents executed by Affiliate or Guarantor evidencing the
Guaranteed Indebtedness shall be held subject to reduction to the amount allowed
under said usury laws as now or hereafter construed by the courts having
jurisdiction.

         12. If Guarantor should breach or fail to perform any provision of this
Guaranty, Guarantor agrees to pay the Company all costs and expenses (including
court costs and reasonable attorneys fees) incurred by the Company in the
enforcement hereof.

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         13. The liability of Guarantor under this Guaranty shall in no manner
be impaired, affected or released by the insolvency, bankruptcy, making of an
assignment for the benefit of creditors, arrangement, compensation, composition
or readjustment of Affiliate, or any proceedings affecting the status, existence
of assets of Affiliate or other similar proceedings instituted by or against
Affiliate and affecting the assets of Affiliate.

         14. Guarantor understands and agrees that any amounts of Guarantor on
account with the Company may be offset to satisfy the obligations of Guarantor
hereunder.

         15. Guarantor hereby subordinates and makes inferior any and all
indebtedness now or at any time hereafter owed by Affiliate to Guarantor to the
indebtedness evidenced by the Note and agrees after the occurrence of a default
under the Guaranteed Indebtedness, or any event which with notice, lapse of
time, or both, would constitute a default under the Guaranteed Indebtedness, not
to permit Affiliate to repay, or to accept payment from Affiliate of, such
indebtedness or any part thereof without the prior written consent of the
Company.

         16. Guarantor hereby waives any and all rights of subrogation to which
Guarantor may otherwise be entitled against Affiliate and Guarantor until such
time as the Note is paid in full.

         17. THIS GUARANTY IS BEING EXECUTED AND DELIVERED, AND IS INTENDED TO
BE PERFORMED, IN THE STATE OF DELAWARE, AND THE SUBSTANTIVE LAWS OF SUCH STATE
SHALL GOVERN THE VALIDITY, CONSTRUCTION, ENFORCEMENT AND INTERPRETATION OF THIS
GUARANTY, UNLESS THE LAWS OF ANOTHER STATE REQUIRE THE APPLICATION OF THE LAWS
OF SUCH STATE.

         18. If any term or provision of this Guaranty shall be determined to be
illegal or unenforceable, all other terms and provisions hereof shall
nevertheless remain effective and shall be enforced to the fullest extent
permitted by applicable law.

         EXECUTED as of the date first above written.

                                   GUARANTOR:

                                   /s/ Charles R. Mollo
                                   ---------------------------------------------
                                   Charles R. Mollo

                                       4

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