Document:

EXHIBIT 10.19

      MITSUI GLOBAL PRECIOUS METALS Sydney o
[LOGO    Hong Kong o Tokyo o London o New York

                                              Mitsui & Co. Precious Metals, Inc.
                                              200 Park Avenue
                                              New York, NY 10166

                                              Tel  (212) 878-4122
                                              Fax  (212) 878-4811

September 24, 2004

AMI Doduco Inc
1003 Corporate Lane
Trevose, PA 19053

Attention: Mr Raymond Matsey

Gentlemen:

We are pleased to confirm that we have entered into the following Consignment
Agreement (the "Agreement") with you as of the date written above.

Consignor:                                   Consignee:
Mitsui & Co. Precious Metals Inc.            AMI Doduco Inc
200 Park Avenue                              1003 Corporate Lane
New York, NY 10166                           Export, PA15632

Telephone: (212) 878-4122                    Telephone: (724) 733-8332
Fax:       (212) 878-4811                    Fax:       (724) 325-4007

1.    MATERIAL:        (a) Silver bars of approximately 1,000 toz each, minimum
                       99.99% fine, being of a quality acceptable for delivery
                       on the Commodity Exchange, Inc. ("Comex").

                       (b) Palladium, Loco Johnson Matthey PA or any other
                       mutually agreeable location PM 99.95 percent minimum
                       purity, or

                       (c ) Rhodium, Loco: Loco Johnson Matthey PA or any other
                       mutually agreeable location PM 99.9 percent minimum
                       purity, or

                       (d) any other material at any other location as mutually
                       agreed, "Material"

2. NATURE OF           Consignee shall, from time to time during the duration
   TRANSACTION:        of this Agreement, take Material on consignment from
                       Consignor, whereby the following shall be mutually
                       agreed upon:

                       (i)   the consignment rate payable with respect to the
                             requested consignment

                       (ii)  the value of the Material on which Consignment Fees
                             shall be calculated

                       (iii) the date on which such Material shall be due to be
                             purchased or withdrawn from Consignment ("Maturity
                             Date").

                       (iv)  agreed upon quantities of Material ("Consigned
                             Material"),

                       Each Consignment shall be governed by this Agreement
                       together with the specific terms of each Consignment as
                       set forth on Consignor's telex or telecopier confirmation
                       in the form of Exhibit A attached hereto ("Confirmation")

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                                                                   EXHIBIT 10.19

3.    PLACE OF         Consignee's Plant, or as otherwise agreed.
      DELIVERY:

4.    DATE OF          From time to time, as requested by Consignee.
      OF DELIVERY:

5.    DURATION:        This Agreement shall expire one year from the date on
                       which this Agreement is signed (the "Termination Date"),
                       unless at least five (5) Business Days prior to the
                       Termination Date (or any subsequent Termination Date) the
                       parties mutually agree to rollover the Agreement for
                       another one-year period. (Each one-year period being
                       referred to hereinafter as a "Term" and the Rate to be
                       applied during such Term.) The Termination Date for such
                       subsequent Term or Terms shall be as set forth in a
                       Confirmation.

6.    PLACE OF         Citibank New York
      PAYMENT          ABA # 021000089
                       In favor of: Mitsui & Co. Precious Metals, Inc.
                       A/C # 3043-5654

7.    PLACE OF         Place of origination or otherwise agreed.
      RETURN

8.    RETURN OR PURCHASE
      OF CONSIGNED
      MATERIAL:        Consignee shall return or purchase consigned Material
                       hereunder as follows:

      A.    From time to time during the duration of this Agreement, Consignee,
            upon notification to Consignor (which notification if oral shall be
            confirmed by telex or facsimile) may purchase consigned Material at
            a price equal to the product of (i) the number of ounces of
            consigned Material being purchased and (ii) the London Fix (or
            otherwise agreed ) price per troy ounce (the "Purchase Price.)
            Consignee shall pay the Purchase Price within two Business Days of
            pricing the Material, in accordance with the provisions of paragraph
            6. above.

      B.    From time to time during the duration of this Agreement Consignee,
            upon notification to Consignor and consent of Consignee (which
            notification, if oral shall be confirmed by email or facsimile) may
            return consigned Material to Consignor at the Place of Return,
            provided Consignee pays to Consignor all Consignment Fees accrued to
            the date of such return in respect of such consigned Material

9.    TERMINATION:

      A.    Prior to the Termination Date, Consignee may elect one of the
            following by written notice to Consignor received at least two (2)
            Business Days before the Termination Date.

            (i) Consignee shall purchase the consigned Material which has not
            been purchased or returned (the "Remaining Material"), at the
            Purchase Price, determined as of two Business Days prior to the
            Termination Date: or

            (ii) Consignee shall return the Remaining Material to the Place of
            Return.

      B.    If the Consignee does not make one of the elections specified above,
            all Remaining Material will be deemed purchased by the Consignee on
            the Termination Date. The Purchase Price for the

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                                                                   EXHIBIT 10.19

            Remaining Material, will be calculated using the formula described
            in paragraph 8.A. above, as of two Business Days prior to such
            Termination Date.

      C.    Consignee shall pay the Purchase Price, if any, and any outstanding
            Fees on the Termination Date by deposit of immediately available
            funds to Consignor's account, as set forth in paragraph 6 .

10.   ASSIGNMENT:

Consignor may assign its rights to the Consignment Fee and/or its interest in
and rights to the return of or the purchase of and payment for the Material only
with the prior written consent of Consignee.

11.   RISK

All risk of damage to or Loss of Material after delivery to Consignee shall be
assumed by Consignee.

12.   ENTIRE AGREEMENT:

This Agreement incorporates the attached Appendix A - Consignment Agreement
Terms and Conditions, and constitutes the entire Agreement of the parties on the
subject matter thereof. This Agreement cancels and supersedes any prior
agreements, offers, proposals and negotiations between the parties.

To signify your agreement hereto, please sign indicated below and return to us a
copy of this letter together with a signed copy of Appendix A attached.

                                              Sincerely yours,

                                              MITSUI & CO PRECIOUS METALS INC.

                                              By: /s/ Tim Gardiner
                                                 -------------------------------
                                                      Name:  Tim Gardiner
                                                      Title: President and COO

AGREED:

AMI Doduco Inc

By:  /s/ Thomas Considine
   ---------------------------------
         Authorized Signatory

Name:   Thomas Considine
     -------------------------------
Title:    Treasurer
      ------------------------------

Date:    November 1, 2004
     -------------------------------

<PAGE>

                                                                   EXHIBIT 10.19

                                   Appendix A

                              CONSIGNMENT AGREEMENT
                              TERMS AND CONDITIONS

The provisions of this Appendix are terms and conditions of the Agreement to
which this Appendix is attached.

A.    Definitions. The following terms, when used in the Agreement, have the
      meanings stated:

      1.    "Agreement " means the letter agreement for the consignment of
            silver between the Consignor and the Consignee evidenced by the
            instrument to which this Appendix is attached, when signed by the
            Consignor and the Consignee, and this Appendix, when signed by the
            Consignee.

      2.    "Assignee" means an entity to which the Consignor makes an
            assignment pursuant to paragraph 10. of the Agreement.

      3.    "Business Day" means any day except Saturday or Sunday on which
            banks in New York City are open for business.

      4.    "Consignee" means the entity designated as such in the Agreement.

      5.    "Consignor" means Mitsui & Co. Precious Metals, Inc., a Delaware
            corporation.

      6.    "Fair Market Value" of the Material means an amount equal to the
            London Fix (or otherwise agreed) price per troy ounce on the date of
            valuation multiplied by the number of fine troy ounces of Material
            being valued.

      7.    "Material" means the quantity of silver, palladium, rhodium or any
            other material at any other location as mutually agreed underlying
            the Agreement, as specified in paragraphs 1 and 2, of the Agreement.

      8.    "Guarantor" means Technitrol Inc.

B,    Representations, Warranties and Covenants of Consignee and Consignor.
      Consignee and Consignor represents, warrants and covenants to each party
      as of the time of entering into this Agreement and as of the time of
      entering into each consignment hereunder that:

      1.    it is duly formed, validly existing and in good standing under the
            laws or the jurisdiction of its incorporation;

      2.    it has the corporate power and authority to execute and deliver the
            Agreement and to carry out all the provisions thereof;

      3.    the person signing this Agreement is duly authorized and empowered
            to do so;

      4.    it shall not create, incur, assume or suffer to exist any mortgage
            pledge, lien, charge or encumbrance of any nature whatsoever on any
            Consigned Material delivered hereunder other than the security
            interests granted to Consignor in paragraph D herein;

      5.    it shall notify Consignor promptly upon the occurrence of any loss,
            theft or destruction of the Material hereunder;

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                                                                   EXHIBIT 10.19

      6.    it shall advise Consignor promptly in writing upon the occurrence of
            any default under this Agreement.

C.    Consignment Fee. Consignee will pay Consignor the Consignment Fee, based
      on the number of days the material is held on consignment, in arrears, as
      mutually agreed. Payment of the Consignment Fee shall be in U.S.Dollars in
      immediately available funds to Consignor's Place of Payment, as specified
      in paragraph 6. of the Agreement, provided that in the event Consignee
      shall receive a Notice of Assignment which specifies that Consignor's
      rights to the Consignment Fee have been assigned, Consignee shall pay the
      Consignment Fee to such place as the Assignee specifies after such
      receipt, and shall have no further obligations to the Consignor.

D.    Title to Material; Security Interest.

            1. At all times from delivery of Material to Consignee under the
            Agreement until Material is returned, or purchased and paid for by
            Consignee, title to Material shall be in Consignor and at no time
            shall Consignee have, or have the ability to create in any third
            party, any property interest in the Material. Consignee hereby
            authorizes Consignor to take any and all steps necessary or
            appropriate to advise third parties that the Material is the
            property of the Consignor. Consignee shall permit agents or
            representatives of Consignor to inspect, at reasonable hours and
            upon reasonable advance notice, the Material and Consignee's books
            and records relating directly to ownership of Material, and to make
            abstracts or reproductions or such books and records. Consignee will
            arrange and maintain insurance coverage on the Silver and will
            deliver to Consignor a copy of an insurance certificate issued by
            insurer.

            2. Consignee agrees to sign such Financing Statements and
            Continuation Statements and other documents, in such forms as
            reasonably requested by Consignor to evidence Consignor's ownership
            of Consigned Material.

E.    Return or Purchase of Material. If and to the extent that Consignee elects
      or is required to return Material as specified in paragraphs 8B and 9A of
      the Agreement, Consignee shall return such Material to Consignor as
      specified in the Agreement, provided that in the event this Agreement or
      Consignor's rights to and interest in Consigned Material are properly
      assigned hereunder, all Consigned Material then or thereafter to be
      returned to Consignor under the Agreement shall be delivered to the
      account of the Assignee named in the Notice of Assignment, at the address
      specified therein, unless Consignee is otherwise instructed in writing by
      the Assignee, and Consignee shall have no further obligation to Consignor.

      If and to the extent Consignee elects or is required to purchase Material
      as specified in paragraphs 8A. and 9. of the Agreement, Consignee shall
      pay the Purchase Price to Consignor by depositing two Business Days after
      such purchase the amount thereof in U.S. dollars in immediately available
      funds to the Place of Payment specified in paragraph 6 of the Agreement,
      provided that in the event this Agreement or Consignor's rights to and
      interest in Material are properly Assigned hereunder, Consignee shall pay
      such purchase price to the Assignee named in the Notice or Assignment, as
      specified therein, unless Consignee is otherwise instructed in writing by
      the Assignee, and Consignee shall have no further obligation to Consignor.

F.    Time of Essence. Consignee and Consignor understand and agree that time is
      of the essence in performing all of their obligations hereunder, including
      Consignee's obligations to return, or purchase and pay for, Consigned
      Material and to pay the Consignment Fee and Consignor's obligation to
      deliver material on time.

G.    Consideration. The parties mutually acknowledge that their agreement to
      this transaction has involved the exchange of goods and valuable
      consideration.

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                                                                   EXHIBIT 10.19

H.    Events-of-Default. The occurrence or any of the following events shall
      constitute an "Event of Default":

      1.    Consignee's failure to make any payment when due or to return any
            consigned Material when due under this Agreement and such failure is
            not cured on or before the third Business Day following receipt or
            notice of such failure from Consignor;

      2.    Consignee's failure to perform any other material obligation under
            the Agreement or any other agreement between Consignor and Consignee
            and such failure is not cured within 30 days following receipt of
            notice of such notice from Consignor; or

      3.    the commencement of any proceedings by or against Consignee under
            any law relating to bankruptcy, insolvency or the relief or debtors,
            if not stayed or dismissed within 60 days, or the making of an
            assignment by Consignee for the benefit of creditors under any law
            governing the relationships between debtors and creditors, or the
            appointment of a trustee, conservator, liquidator or similar officer
            for Consignee on any or all or its property.

I.    Liability Upon an Event of Default. If at any time an Event of Default has
      occurred and is then continuing, Consignor shall have the right to
      terminate this Agreement, except that if an Event of Default under
      paragraph H.3. herein should occur, the Agreement shall be deemed to have
      been terminated prior to such date. Once the Agreement is terminated, the
      parties' obligations to make payments or perform with respect to this
      Agreement shall cease, except for the obligations set forth herein.

      1.    On the date of such termination, Consignee shall be obligated to
            Consignor in an amount equal to:

            (a) Subject to paragraph 2. below, the Fair Market Value of an
            amount of Material equal to the quantity of Material previously
            delivered by Consignor under the Agreement and not yet purchased or
            returned, if any (the "Remaining Material"), whether or not then
            due, on the day on which Consignor declares Consignee to be in
            default or as soon thereafter as is reasonably practicable; and

            (b) any unpaid amounts which had already accrued but had not yet
            been paid under the Agreement; and

            (c) any costs of enforcing this agreement, including legal fees,
            incurred by Consignor, as a result of an Event of Default.

      2.    Consignee may, in lieu of making the payment in connection with
            subsection 1.a. herein, return to Consignor the Remaining Material
            at the Place of Return within one Business Day after Consignor
            declares an Event of Default to have occurred, together with payment
            to Consignee for Consignment Fees accrued in respect of Remaining
            Material to the date of return.

      3.    Consignor's rights under this Section I., and otherwise provided in
            this Agreement, shall be Consignor's sole rights upon an Event of
            Default, (whether by agreement, operation or law, in equity of
            otherwise). In no event shall Consignee be liable to Consignor for
            any special, consequential, indirect or punative damages, including
            lost profits.

      J. Governing Law, Submission to Jurisdiction. The Agreement shall in all
      respects be governed by and construed in accordance with the laws of the
      Commonwealth of Pennsylvania applicable to contracts

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                                                                   EXHIBIT 10.19

      made and to be performed within the Commonwealth of Pennsylvania. The
      parties hereto consent to the jurisdiction and venue of the courts of the
      Commonwealth of Pennsylvania or the courts of the United States sitting in
      the Commonwealth of Pennsylvania in connection with any controversy or
      dispute arising out of or related to this Agreement.

      K. Reimbursement of Taxes, Etc. Consignee shall promptly reimburse
      Consignor for all taxes (except taxes on Consignor's income), levies,
      imposts, duties, charges, costs and fees incurred in connection with
      delivery of Material to Consignee and shall indemnify Consignor against
      any and all such liabilities. If Consignee shall be required to withhold
      any taxes or similar charges from any Fee, Purchase Price, interest on any
      Purchase Price or other amount payable hereunder, Consignee shall pay
      Consignor such amount so that after any and all such withholding or
      deduction Consignor shall receive the amount or such payment herein
      provided for, had no such withholding or deduction been required.
      Consignee may present Consignor evidence of an exemption for such
      withholding or deduction and Consignor shall not withhold or deduct and
      such amounts.

      L. Amendments; No Waiver. The Agreement shall not be amended, or in any
      way modified, except by a writing signed by the parties hereto and any
      Assignee. No waiver of any provision of the Agreement may be implied from
      any course of dealing by either party or any Assignee or from any failure
      by either party or any Assignee to assert its rights on any occasion or
      series of occasions.

      M. Notices. All notices under the Agreement shall be given by certified or
      registered mail or courier, postage prepaid, or by email or telecopy with
      confirmation to the respective parties hereto at the address of such party
      specified on the first page of the Agreement or at such other address as
      either party shall designate for itself by written notice to the other
      party hereto. All notices shall be sent to the attention of:

      in the case of the Consignor, Mr R. Timothy Gardiner
      and in the case or the Consignee, Mr Raymond Matsey

      All notices to a party hereunder shall he deemed received when delivered
      at the address for such party specified above during normal business
      hours. Normal business hours shall be from 9:00 a.m. to 5:00 p.m., New
      York time, on any Business Day.

      N. Consignor Has No Responsibility for Recommendations: Consignee
      represents that it did not enter into the Agreement, and agrees that it
      shall not hold Consignor responsible for losses sustained by Consignee, as
      a result or any prediction or recommendation made by any representative of
      Consignor.

      O. Force Majeure: Each party's performance of its obligations hereunder is
      subject to suspension by reason of events of Force Majeure, which shall
      include strikes, boycotts, fires, floods, other natural disasters, wars,
      interruptions in transportation, requirements or regulations of
      governmental agencies, and all other disabling causes without regard to
      the foregoing enumeration beyond control of the party. Affected party's
      obligations shall be suspended so long as any such cause prevents or
      delays its performance. In the event of any occurrence interrupting or
      reducing the operations of mines or plants where items covered hereby are
      produced or processed or any other occurrence beyond Consignor's
      reasonable control affecting Consignor's ability to perform hereunder,
      delivery may, at Consignor's option, be deferred so long as the condition
      prevents or delays performance, provided Consignee shall have the right to
      terminate any outstanding orders upon notice of the Force Majeure. After
      termination of any such contingency, Consignee may accept delivery in the
      regular course, but shall have no obligation to accept delivery, and
      Consignor shall not be liable for any delay. In the event of suspension,
      interruption or termination of delivery by Consignor for a period in
      excess of thirty (30) days, then Consignee may terminate this Agreement
      upon five (5) days' written notice, and upon termination Consignee shall
      have no further liability or obligation hereunder except for any payments
      of obligations due up to such date of termination.

      P. Late Payment: Any sum by Consignee if not paid when due shall bear
      interest, compounded daily, from its due date until the actual date of
      payment at a rate equal to Citibank N.A.'s publicly announced

<PAGE>

                                                                   EXHIBIT 10.19

      prime rate per annum, plus 0.75% per annum, from time in time in effect
      during the period (but not more than the highest amount at the time
      permitted by law).

      Q. Severability: In the event any provision or the Agreement shall be held
      invalid or unenforceable by a court or competent jurisdiction, such
      holding shall not invalidate or render unenforceable any other provisions
      hereof.

AGREED:

AMI Doduco Inc

By:  /s/ Thomas Considine
   -----------------------------------
         Authorized Signatory

Name:  Thomas Considine
Title:  Treasurer

Date:   November 1, 2004
     ---------------------------------EXHIBIT 10.20

                               UNLIMITED GUARANTY

      GUARANTY, dated as of December 16, 1996 by Technitrol, Inc., a
Pennsylvania corporation, the "Guarantor"), in favor of RHODE ISLAND HOSPITAL
TRUST NATIONAL BANK, a national banking association with its head office at One
Hospital Trust Plaza, Providence, RI, 02903, its foreign and domestic branches
and Affiliates (the "Bank"). In consideration of the Bank's giving, in its
discretion, consignment, time, credit or banking facilities or accommodations to
the Customer(s), the Guarantor agrees as follows:

      1. DEFINITIONS. As used in this Guaranty:

      "Affiliate" means any entity controlling, controlled by or under common
control with the Bank.

      "Business Day" means a day on which banks are open for the transaction of
banking business in Providence, Rhode Island.

      "Customers" mean Doduco, GmbH, of Pforzheim, Germany, a corporation
organized and existing under the laws of Germany and Doduco Espana, SA, of
Madrid Spain, a corporation organized and existing under the laws of Spain and
includes each of their successors.

      "Guaranty" means this instrument as originally executed and includes all
amendments and supplements hereto.

      "Obligations" means all liabilities, agreements and other obligations of
the Customers to the Bank, whether direct or indirect, absolute or contingent,
due or to become due, secured or unsecured, now existing or hereafter arising or
acquired.

      "Obligation Agreement" means any bill of exchange, draft, promissory note,
agreement (including, without limitation, any precious metals consignment
agreement) or other writing evidencing, securing or otherwise executed in
connection with any Obligation.

      "Obligation Currency" means the currency in which an Obligation is to be
paid.

      2. GUARANTY OF PAYMENT AND PERFORMANCE. The Guarantor hereby guarantees to
the Bank the full and punctual payment when due (whether at maturity, by
acceleration or otherwise) at the place specified therefor or, if no place of
payment is specified, at the office designated by the Bank, and the due and
punctual performance, of each Obligation of the Customers to the Bank. This
Guaranty is an absolute, unconditional and continuing guaranty of the full and
punctual payment and performance of the Obligations and not of their
collectibility only and is in no way conditioned upon any requirement that the
Bank first attempt to collect any of the Obligations from the Customers or
resort to any security or other means of obtaining their payment. Should the
Customers default in the payment or performance of any of the Obligations, the
obligations of the Guarantor hereunder shall become immediately due and payable
to the Bank, without demand or notice of any nature, all of which are expressly
waived

<PAGE>

by the Guarantor. Payments by the Guarantor hereunder may be required by the
Bank on any number of occasions.

      3. GUARANTOR'S AGREEMENT TO PAY. The Guarantor further agrees, as the
principal obligor and not as a guarantor only, to pay to the Bank, on demand, in
funds immediately available to the Bank,

      (a)   the amount of each Obligation which has not been paid when due, in
            the Obligation Currency and at the place of payment specified
            therefor, or if no place of payment is specified, at the office
            designated by the Bank; or

      (b)   at the option of the Bank (expressed in its demand for payment
            hereunder) and in lieu of payment in the Obligation Currency, in
            United States currency and at the head office of the Bank, an amount
            equal to the cost in United States currency of the amount of the
            Obligation Currency needed to pay in full and discharge such
            Obligation, determined at the Bank's spot rate of exchange in
            Providence, RI for the purchase of such Obligation Currency with
            United States currency at the close of business on the Business Day
            next preceding the date of payment of such Obligation (or if there
            is no such rate on such date, such rate on the next preceding date
            for which there is such a rate); and

      (c)   in United States currency and at the head office of the Bank, all
            costs and expenses (including court costs and legal expenses)
            incurred or expended by the Bank in connection with the Obligations,
            this Guaranty and the enforcement thereof, together with interest on
            amounts recoverable under this Guaranty from the time such amounts
            become due until payment, at the rate per annum equal to 18% or, if
            higher, the rate of interest announced by Rhode Island Hospital
            Trust National Bank from time to time at its head office as its Base
            Rate, plus 4%; provided that if such interest exceeds the maximum
            amount permitted to be paid under applicable law, then such interest
            shall be reduced to such maximum permitted amount.

      4. UNLIMITED GUARANTY. The liability of the Guarantor hereunder shall be
unlimited.

      5. WAIVERS BY GUARANTOR; BANK'S FREEDOM TO ACT. The Guarantor agrees that
the Obligations will be paid and performed strictly in accordance with their
respective terms and if there is an Obligation Agreement, strictly in accordance
with the terms thereof, regardless of any law, regulation or order now or
hereafter in effect in any jurisdiction affecting any of such terms or the
rights of the Bank with respect thereto. The Guarantor waives presentment,
demand, protest, notice of acceptance, notice of Obligations incurred and all
other notices of any kind, all defenses which may be available by virtue of any
valuation, stay, moratorium law or other similar law now or hereafter in effect,
any right to require the marshalling of assets of the Customers, and all
suretyship defenses generally. Without limiting the generality of the foregoing,
the Guarantor agrees to the provisions of any Obligation Agreement and agrees
that the obligations of the Guarantor hereunder shall not be released or
discharged, in whole or in part, or otherwise affected by (i) the failure of the
Bank to assert any

                                      -2-
<PAGE>

claim or demand or to enforce any right or remedy against the Customers or with
respect to any Obligation; (ii) any extensions or renewals of any Obligation;
(iii) any rescissions, waivers, amendments or modifications of any of the terms
or provisions of any Obligation Agreement; (iv) the substitution or release of
any person or entity primarily or secondarily liable for any Obligation; (v) the
adequacy of any rights the Bank may have against any collateral or other means
of obtaining repayment of the Obligations; (vi) the impairment of any collateral
securing the Obligations, including without limitation the failure to perfect or
preserve any rights the Bank might have in such collateral or the substitution,
exchange, surrender, release, loss or destruction of any such collateral; or
(vii) any other act or omission which might in any manner or to any extent vary
the risk of the Guarantor or otherwise operate as a release or discharge of the
Guarantor, all of which may be done without notice to the Guarantor. The
Guarantor acknowledges and confirms that it has established its own means of
obtaining from the Customers all information desired by the Guarantor concerning
the financial condition and affairs of the Customers and that the Bank is not
in' any way obligated to inform the Guarantor of changes in the Customers'
financial condition or affairs.

      6. UNENFORCEABILITY OF OBLIGATIONS AGAINST CUSTOMERS. If for any reason
the Customers have no legal existence or is under no legal obligation to
discharge any of the Obligations, or if any of the Obligations have become
irrecoverable from the Customers by operation of law or for any other reason,
this Guaranty shall nevertheless be binding on the Guarantor to the same extent
as if the Guarantor at all times had been the principal obligor on all such
Obligations. In the event that acceleration of the time for payment of the
Obligations is stayed upon the insolvency, bankruptcy or reorganization of the
Customers, or for any other reason, all such amounts otherwise subject to
acceleration under the terms of any Obligation Agreement shall be immediately
due and payable by the Guarantor.

      7. SUBROGATION; SUBORDINATION. The Guarantor waives any right against the
Customers arising as a result of any payment by the Guarantor hereunder, by way
of subrogation, reimbursement, indemnification, contribution or otherwise, The
Guarantor will not prove or prosecute any claim in respect of any payment
hereunder, whether in bankruptcy or insolvency proceedings or otherwise, and the
Guarantor will not claim any set-off or counterclaim against the Customers in
respect of any liability of the Guarantor to the Customers. The payment of any
amounts due with respect to any indebtedness of the Customers now or hereafter
held by the Guarantor is hereby subordinated to the prior payment in full of the
Obligations, provided that so long as no default in the payment or performance
of the Obligations has occurred and is continuing, or no demand for payment of
any of the Obligations has been made that remains unsatisfied, the Customers may
make, and the Guarantor may demand and accept, any scheduled payments of
principal of and interest on such subordinated indebtedness in the amounts at
the rates and on the dates specified in such instruments, securities or other
writings as shall evidence such subordinated indebtedness. The Guarantor agrees
that after the occurrence of any default in the payment or performance of the
Obligations, the Guarantor will not demand, sue for or otherwise attempt to
collect any such indebtedness of the Customers to the Guarantor until the
Obligations shall have been paid in full. If, notwithstanding the foregoing
sentence, the Guarantor shall collect, enforce or receive any amounts in respect
of such indebtedness, such amounts shall be collected, enforced and received by
the Guarantor as trustee for the Bank and be paid over to the Bank on account of
the Obligations without affecting in any manner the liability of the Guarantor
under the other provisions of this Guaranty.

                                      -3-
<PAGE>

      8. SET-OFF, SECURITY. Regardless of the adequacy of any collateral or
other means of obtaining repayment of the Obligations, the Bank is hereby
authorized at any time and from time to time, without notice to the Guarantor
(any such notice being expressly waived by the Guarantor) and to the fullest
extent permitted by law, to set off and apply all deposits (general or special,
time or demand, provisional or final) and other sums credited by or due from the
Bank to the Guarantor or subject to withdrawal by the Guarantor, and in all
securities or other property belonging to the Guarantor now or hereafter held by
the Bank, against the obligations of the Guarantor under this Guaranty, whether
or not the Bank shall have made any demand under this Guaranty and although such
obligations may be contingent or unmatured. In furtherance of such setoff right,
the Guarantor grants to the Bank, as security for the full and punctual payment
and performance of the Guarantor's obligations hereunder, a continuing lien on
and security interest in all such deposits and other sums.

      9. FURTHER ASSURANCES. The Guarantor agrees that it will, from time to
time at the request of the Bank, provide to the Bank its most recent tax
returns, audited and unaudited balance sheets and related statements of income
and cash flows (prepared on a consolidated basis with the Guarantor's
subsidiaries, if any) and such other information relating to the business and
affairs of the Guarantor as the Bank may reasonably request. The Guarantor also
agrees, upon request after any change in the condition or affairs (financial or
otherwise) of the Guarantor deemed by the Bank to be adverse and material, to
secure the payment and performance of its obligations hereunder by delivering,
assigning or transferring to the Bank or granting the Bank a security interest
in additional collateral of a value and character satisfactory to the Bank, and
authorizes the Bank to file any financing statement deemed by the Bank to be
necessary or desirable to perfect any security interest granted by the Guarantor
to the Bank, and as agent for the Guarantor, to sign the name of the Guarantor
thereto. The Guarantor also agrees to do all such things and execute all such
documents, including financing statements, as the Bank may consider necessary or
desirable to give full effect to this Guaranty and to perfect and preserve the
rights and powers of the Bank hereunder.

      10. TERMINATION; REINSTATEMENT. This Guaranty shall remain in full force
and effect until the Bank is given written notice of the Guarantor's intention
to discontinue this Guaranty, notwithstanding any intermediate or temporary
payment or settlement of the whole or any part of the Obligations. No such
notice shall be effective unless received and acknowledged by an officer of the
Bank at its head office or at the branch of the Bank where this Guaranty is
given. No such notice shall affect any rights of the Bank or of any Affiliate
hereunder including, without limitation, the rights set forth in Sections 5 and
7, with respect to Obligations incurred prior to the receipt of such notice or
Obligations incurred pursuant to any contract or commitment in existence prior
to such receipt, and all checks, drafts, notes, instruments (negotiable or
otherwise) and writings made by or for the account of the Customers and drawn
the Bank or any of its agents purporting to be dated on or before the date of
receipt of such notice, although presented to and paid or accepted by the Bank
after that date, shall form part of the Obligations. This Guaranty shall
continue to be effective or be reinstated, notwithstanding any such notice, if
at any time any payment made or value received with respect to an Obligation is
rescinded or must otherwise be returned by the Bank upon the insolvency,
bankruptcy or reorganization of the Customers, or otherwise, all as though such
payment had not been made or value received.

                                      -4-
<PAGE>

      11. SUCCESSORS AND ASSIGNS. This Guaranty shall be binding upon the
Guarantor, its heirs, successors and assigns, and shall inure to the benefit of
and be enforceable by the Bank and its successors, transferees and assigns.
Without limiting the generality of the foregoing sentence, the Bank may assign
or otherwise transfer any Obligation Agreement or any note held by it evidencing
the Obligations, or sell participations in any interest therein, to any other
person or entity, and such other person or entity shall thereupon become vested,
to the extent set forth in the agreement evidencing such assignment, transfer or
participation, with all the rights in respect thereof granted to the Bank
herein.

      12. AMENDMENTS AND WAIVERS. No amendment or waiver of any provision of
this Guaranty nor consent to any departure by the Guarantor therefrom shall be
effective unless the same shall be in writing and signed by the Bank, No failure
on the part of the Bank to exercise, and no delay in exercising, any right
hereunder shall operate as a waiver thereof, nor shall any single or partial
exercise of any right hereunder preclude any other or further exercise thereof
or the exercise of any other right.

      13. NOTICES. All notices and other communications called for hereunder
shall be made in writing and, unless otherwise specifically provided herein,
shall be deemed to have been duly made or given when delivered by hand or sent
by first class mail, postage prepaid or, in the case of telegraphic or telexed
notice, when transmitted, answer back received or, in the case of electronic
facsimile transmission, electronic confirmation received, addressed as follows:
if to the Guarantor, at the address set forth beneath its signature hereto, and
if to the Bank, in care of Rhode Island Hospital Trust National Bank, One
Hospital Trust Plaza, Providence, RI 02903, Telex: __________, Facsimile No.
401.278.7829 Attention: Precious Metals, or at such other address as either
party may designate in writing.

      14. GOVERNING LAW; CONSENT TO JURISDICTION. This Guaranty is intended to
take effect as a sealed instrument and shall be governed by, and construed in
accordance with, the laws of the State of Massachusetts. without regard to its
conflicts of laws provisions. The Guarantor agrees that any suit for the
enforcement of this Guaranty may be brought in the courts of the State of Rhode
Island or any federal court sitting therein and consents to the non-exclusive
jurisdiction of such court and to service of process in any such suit being made
upon the Guarantor by mail at the address specified in Section la hereof. The
Guarantor hereby waives any objection that it may now or hereafter have to the
venue of any such suit or any such court or that such suit was brought in an
inconvenient court.

      15. JUDGMENT CURRENCY. If for the purpose of obtaining judgment in any
court or enforcing any such judgment it is necessary to convert any amount due
in any Obligation Currency into any other currency, the rate of exchange used
shall be the Bank's spot rate of exchange for the purchase of the Obligation
Currency with such other currency at the close of business on the Business Day
preceding the date on which judgment is given or any order for payment is made.
The obligation of the Guarantor in respect of any amount due from it hereunder
shall, notwithstanding any judgment or order for a liquidated sum or sums in
respect of amounts due hereunder or under any judgment or order in any other
currency or otherwise, be discharged only to the extent that on the Business Day
following receipt by the Bank of any payment in a currency other than the
Obligation Currency the Bank is able (in accordance with normal banking
procedures) to purchase the Obligation Currency with such other currency. If

                                      -5-
<PAGE>

the amount of the Obligation Currency that the Bank is able to purchase with
such other currency is less than the amount due in the Obligation Currency,
notwithstanding any judgment or order, the Guarantor shall indemnify the Bank
for the shortfall.

      16. SUBSTITUTE CONVERSION RATE. If on any conversion date provided for in
this Guaranty the Bank is not quoting a spot rate of exchange in Providence, RI
for the purchase of an Obligation Currency with United States currency, the rate
of exchange to be applied in lieu thereof shall be the official rate of exchange
for the purchase of United States currency with the relevant Obligation Currency
established by the country in which the Obligation Currency is legal tender as
made available by such country to the International Monetary Fund and as
reported by the International Monetary Fund at its headquarters in Washington,
D.C. to be in effect on such date.

      17. OBLIGATIONS ABSOLUTE. The Guarantor agrees that its obligations
hereunder shall not be affected by (i) any law, regulation, order, decree or
directive (whether or not having the force of law) or any interpretation
thereof, now or hereafter in effect in any jurisdiction, that purports to modify
any of the terms of or rights of the Bank with respect to any Obligation or
under any Obligation Agreement or this Guaranty, including without limitation
any law, regulation, order, decree or directive or interpretation thereof that
purports to require or permit the satisfaction of any Obligation other than
strictly in accordance with the terms of such Obligation and any related
Obligation Agreement (such as by the tender of a currency other than the
Obligation Currency) or that restricts the procurement of the Obligation
Currency by the Customers or the Guarantor; or (ii) any agreement whether or not
signed by or on behalf of the Bank, in connection with the restructuring or
rescheduling of public or private obligations in the Customer's country, whether
or not such agreement is stated to cause or permit the discharge of the
Obligations prior to the final payment in full of the Obligations in the
Obligation Currency in strict accordance with any Obligation Agreement.

      18. SPECIAL AGREEMENT WITH RESPECT TO DEBT RESTRUCTURING. If an Obligation
shall be made subject to a debt restructuring arrangement between a country and
its creditors or creditors of persons or entities of such country, and as a
result thereof the Bank, as holder of such Obligation and other credit
facilities to such country, persons or entities of such country, shall agree to
provide any new credit facilities, the Guarantor shall fund (and be the
beneficial owner of) that amount of such new credit facilities which is
calculated by (i) dividing the face value of such Obligation by the aggregate
amount of the Bank's credit facilities made part of the restructuring
arrangement and (ii) multiplying the result by the amount of such new credit
facilities. The Guarantor agrees to execute and deliver such documents and take
such actions as may be requested by the Bank to effect the purposes of this
Section 18. The Bank agrees to provide the Guarantor with copies of the relevant
documents governing its participation in the restructuring arrangement and new
credit facilities and shall provide the Guarantor with the basis on which it has
calculated the Guarantor's portion of such new credit facilities, which
calculations shall be conclusive absent manifest error.

      19. MISCELLANEOUS. This Guaranty constitutes the entire agreement of the
Guarantor with respect to the matters set forth herein. The rights and remedies
herein provided are cumulative and not exclusive of any remedies provided by law
or any other agreement, and this Guaranty shall be in addition to any other
guaranty of the Obligations. The invalidity or

                                      -6-
<PAGE>

unenforceability of any one or more sections of this Guaranty shall not affect
the validity or enforceability of its remaining provisions. Captions are for the
ease of reference only and shall not affect the meaning of the relevant
provisions. The meanings of all defined terms used in this Guaranty shall be
equally applicable to the singular and plural forms of the terms defined.

      IN WITNESS WHEREOF, the Guarantor has executed and delivered this
Guaranty, or caused this Guaranty to be executed and delivered by its duly
authorized officer, as of the date appearing on page one.

                                         /s/ Albert Thorp III
                                        ----------------------------------------

                                        By:      Albert Thorp III
                                           -------------------------------------
                                                 Title* Vice President - Finance
                                        Address: 1210 NorthbrookDrive
                                                --------------------------------
                                                      Suite 385
                                                --------------------------------
                                                      Trevose, PA  19053
                                                --------------------------------
                                        Telex:
                                               ---------------------------------
                                        Facsimile:        215-355-7397
                                                   -----------------------------

Note - A separate guaranty must be signed by each guarantor.

----------
* To be completed if Guarantor is other than an individual.

                                      -7-

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