Document:

<PAGE>   1
                                                                  EXHIBIT 10.47

                   FIRST AMENDMENT TO SUBORDINATION AGREEMENT

         This FIRST AMENDMENT TO SUBORDINATION AGREEMENT (this "Amendment") is
made and entered into this 23rd day of June, 2000, by and among ELTRAX SYSTEMS,
INC., a Minnesota corporation ("Eltrax"); CEREUS TECHNOLOGY PARTNERS, INC., a
Delaware corporation ("Junior Creditor"); and PNC BANK, NATIONAL ASSOCIATION, a
national banking association, in its capacity as collateral and administrative
agent (together with its successors in such capacity, "Agent")for each of the
lenders (the "Senior Creditors") now or hereafter parties to the Credit
Agreement (as defined below).

                                    RECITALS:

         Agent, Senior Creditors, Eltrax and the other borrowers from time to
time party thereto (such other borrowers and Eltrax, jointly and severally the
"Borrowers") are parties to a certain Revolving Credit and Security Agreement
dated March 14, 2000 (as at any time amended, the "Credit Agreement") pursuant
to which Senior Creditors may from time to time make loans to Borrowers secured
by all or substantially all of Borrowers' assets.

         In order to induce Lenders to continue to provide such loans and other
financial accommodations to Eltrax and the other Borrowers, Junior Creditor and
Eltrax entered into a Subordination Agreement dated June 14, 2000 with Agent for
its benefit and the benefit of the other Senior Creditors (as at any time
amended, the "Subordination Agreement").

         The parties desire to amend the Subordination Agreement as hereinafter
set forth.

         NOW, THEREFORE, for TEN DOLLARS ($10.00) in hand paid and other good
and valuable consideration, the receipt and sufficiency of which are hereby
severally acknowledged, the parties hereto, intending to be legally bound
hereby, agree as follows:

1. DEFINITIONS. All capitalized terms used in this Amendment, unless otherwise
defined herein, shall have the meaning ascribed to such terms in the
Subordination Agreement.

2. AMENDMENT TO SUBORDINATION AGREEMENT. The Subordination Agreement is hereby
amended by deleting the second recital paragraph and inserting the following in
lieu thereof:

                  Eltrax has entered into that certain Bridge Loan and Security
         Agreement dated as of June 14, 2000 with Junior Creditor, as amended by
         Amendment No. 1 thereto dated as of June 23, 2000 (as at any time
         further amended, the "Subordinated Loan Agreement"). Pursuant to the
         Subordinated Loan Agreement, Eltrax may borrow up to $5,000,000 from
         Junior Creditor, as evidenced by that certain Amended and Restated
         Non-Negotiable Subordinated Convertible Promissory Note in the original
         principal amount of $5,000,000 dated June 23, 2000 executed by Eltrax
         in favor of Junior Creditor (as at any time amended, the "Subordinated
         Note"). Pursuant to the Subordinated Loan Agreement, Eltrax has granted
         to Junior Creditor a security interest and lien upon all or
         substantially all of Eltrax's assets as security for the payment of the
         Subordinated Note.

<PAGE>   2

3.  ACKNOWLEDGMENTS AND STIPULATIONS. Junior Creditor and Eltrax acknowledges
and stipulates that the Subordination Agreement is a legal, valid and binding
obligation of each of them that is enforceable against each of them in
accordance with the terms thereof.

4.  REFERENCE TO SUBORDINATION AGREEMENT. Upon the effectiveness of this
Amendment, each reference in the Subordination Agreement to "this Agreement,"
"hereunder," or words of like import shall mean and be a reference to the
Subordination Agreement, as amended by this Amendment.

5.  BREACH OF AMENDMENT. This Amendment shall be part of the Subordination
Agreement and a breach of any of any representation, warranty or covenant herein
shall constitute a breach of the Subordination Agreement.

6.  EXPENSES OF AGENT. Eltrax agrees to pay, ON DEMAND, all costs and expenses
incurred by Agent in connection with the preparation, negotiation and execution
of this Amendment, including, without limitation, the costs and fees of Agent's
legal counsel.

7.  EFFECTIVENESS; GOVERNING LAW. This Amendment shall be effective upon
acceptance by Agent (notice of which acceptance is hereby waived), whereupon the
same shall be governed by and construed in accordance with the internal laws of
the State of Georgia.

8.  SUCCESSORS AND ASSIGNS. This Amendment shall be binding upon and inure to
the benefit of the parties hereto and their respective successors and assigns.

9.  NO NOVATION, ETC. Except as otherwise expressly provided in this Amendment,
nothing herein shall be deemed to amend or modify any provision of the
Subordination Agreement, which shall remain in full force and effect. This
Amendment is not intended to be, nor shall it be construed to create, a novation
or accord and satisfaction, and the Subordination Agreement as herein modified
shall continue in full force and effect.

10. COUNTERPARTS; TELECOPIED SIGNATURES. This Amendment may be executed in any
number of counterparts and by different parties to this Amendment on separate
counterparts, each of which, when so executed, shall be deemed an original, but
all such counterparts shall constitute one and the same agreement. Any signature
delivered by a party by facsimile transmission shall be deemed to be an original
signature hereto.

11. SECTION TITLES. Section titles and references used in this Amendment shall
be without substantive meaning or content of any kind whatsoever and are not a
part of the agreements among the parties hereto.

<PAGE>   3

12. WAIVER OF JURY TRIAL. TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE
PARTIES HERETO EACH HEREBY WAIVES THE RIGHT TO TRIAL BY JURY IN ANY ACTION,
SUIT, COUNTERCLAIM OR PROCEEDING ARISING OUT OF OR RELATED TO THIS AMENDMENT.

         IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed under seal and delivered by their respective duly authorized
officers on the date first written above.

                                        ELTRAX SYSTEMS, INC.
Attest:                                 ("Eltrax")

/s/ William A Fielder, III              By: /s/ William P. O'Reilly
--------------------------                    --------------------------------
William A. Fielder, III, Secretary         Name: William P. O'Reilly
-----------------------                          -----------------------------
                                           Title: Chairman
                                                 -----------------------------

    [CORPORATE SEAL]

                                        CEREUS TECHNOLOGY PARTNERS, INC.
                                        ("Junior Creditor")

                                        By: /s/ Juliet Reising
                                           ------------------------------------
                                           Name: Juliet Reising
                                                -------------------------------
                                           Title: Executive vice President
                                                 ------------------------------
                                                  and CFO

                                                     [CORPORATE SEAL]

Accepted and agreed to:

                                        PNC BANK, NATIONAL ASSOCIATION, as Agent
                                        ("Agent")

                                        By: /s/ Arthur V. Lippens
                                           ------------------------------------
                                           Name: Arthur V. Lippens
                                                -------------------------------
                                           Title: Vice President
                                                 ------------------------------

<PAGE>   4

Acknowledged and agreed to this ____
day of June, 2000

ATTEST:                                 ELTRAX TECHNOLOGY SERVICES
                                        GROUP, INC.

/s/ Clunet R. Lewis                     By: /s/ William A Fielder, III
---------------------------                ------------------------------------
/s/ Clunet R. Lewis, Secretary             Name: William A. Fielder, III
---------------                                 -------------------------------
                                           Title: CFO
                                                 ------------------------------
    [CORPORATE SEAL]

ATTEST:                                 ELTRAX ASP GROUP, LLC

/s/ Clunet R. Lewis                     By: /s/ William A. Fielder, III
---------------------------                ------------------------------------
Clunet R. Lewis, Secretary                 Name: William A. Fielder, III
---------------                                 -------------------------------
                                           Title: CFO
                                                 ------------------------------
    [CORPORATE SEAL]

ATTEST:                                 SQUIRREL SYSTEMS, INC.

/s/ Clunet R. Lewis                     By: /s/ William A. Fielder, III
---------------------------                ------------------------------------
Clunet R. Lewis, Secretary                 Name: William A. Fielder, III
---------------                                 -------------------------------
                                           Title: CFO
                                                 ------------------------------
         [CORPORATE SEAL]

ATTEST:                                 SENERCOMM, INC.

/s/ Clunet R. Lewis                     By: /s/ William A. Fielder, III
---------------------------                ------------------------------------
Clunet R. Lewis, Secretary                 Name: William A. Fielder, III
---------------                                 -------------------------------
                                           Title: CFO
                                                 ------------------------------

         [CORPORATE SEAL]

ATTEST:                                 ELTRAX CUSTOMER CARE GROUP, INC.

/s/ Clunet R. Lewis                     By: /s/ William A. Fielder, III
---------------------------                ------------------------------------
Clunet R. Lewis, Secretary                 Name: William A. Fielder, III
---------------                                 -------------------------------
                                           Title: CFO
                                                 ------------------------------

<PAGE>   5

         [CORPORATE SEAL]

ATTEST:                                       ELTRAX INTERNATIONAL, INC.

/s/ Clunet R. Lewis                           By:  /s/ William A. Fielder, III
---------------------------                      -------------------------------
Clunet R. Lewis, Secretary                       Name: William A. Fielder, III
---------------                                       --------------------------
                                                 Title: CFO
                                                       -------------------------
         [CORPORATE SEAL]

ATTEST:                                       ELTRAX HOSPITALITY GROUP, INC.

/s/ Clunet R. Lewis                           By:  /s/ William A. Fielder, III
---------------------------                      -------------------------------
Clunet R. Lewis, Secretary                       Name: William A. Fielder, III
---------------                                       --------------------------
                                                 Title: CFO
                                                       -------------------------

    [CORPORATE SEAL]

ATTEST:                                       SOLEMN ACQUISITION CORPORATION

/s/ William A. Fielder, III                   By: /s/ Juliet M. Reising
---------------------------                      -------------------------------
William A. Fielder, III, Assistant Treasurer     Name: Juliet M. Reising
------------------------                              --------------------------
                                                 Title: CFO
                                                       -------------------------
    [CORPORATE SEAL]<PAGE>   1
                                                            EXHIBIT 10.48

                          CONTINUING GUARANTY AGREEMENT

         This CONTINUING GUARANTY AGREEMENT (this "Guaranty") is made this 14th
day of June, 2000, by SOLEMN ACQUISITION CORPORATION, a corporation organized
under the laws of the State of Delaware ("Guarantor"), in favor of PNC BANK,
NATIONAL ASSOCIATION, a national association, in its capacity as collateral and
administrative agent (together with its successors in such capacity, "Agent"),
for each of the lenders (the "Lenders;" collectively with Agent, the "Guaranteed
Parties") now or hereafter parties to the Credit Agreement (as defined below).

                                    PREAMBLE:

         Agent and Lenders are parties with ELTRAX SYSTEMS, INC., a Minnesota
corporation, ELTRAX TECHNOLOGY SERVICES GROUP, INC., a Georgia corporation,
ELTRAX ASP GROUP, LLC, a Georgia limited liability company, SQUIRREL SYSTEMS,
INC., a Georgia corporation, SENERCOMM, INC., a Florida corporation, ELTRAX
CUSTOMER CARE GROUP, INC., a Georgia corporation, ELTRAX INTERNATIONAL, INC., a
Pennsylvania corporation, and ELTRAX HOSPITALITY GROUP, INC., a Georgia
corporation (each a "Borrower" and collectively "Borrowers"), to a Revolving
Credit and Security Agreement dated March 14, 2000 (as at any time amended, the
"Credit Agreement"), pursuant to which Lenders have agreed to make loans and
other extensions of credit to or for the benefit of Debtors on the terms and
subject to all of the conditions set forth in the Credit Agreement. Capitalized
terms used in this Guaranty, unless otherwise defined herein, shall have the
meanings ascribed to them in the Credit Agreement.

         A condition to any continued extension of any credit by the Guaranteed
Parties to Borrowers under the terms of the Credit Agreement is the execution
and delivery of this Guaranty by Guarantor. To induce the Guaranteed Parties to
extend credit to Borrowers under the Credit Agreement in accordance with the
terms thereof, Guarantor has agreed to execute and deliver this Guaranty.

         NOW, THEREFORE, for Ten Dollars ($10.00) in hand paid and to induce the
Guaranteed Parties to continue to make loans or otherwise extend credit to
Borrowers from time to time as set forth in the Credit Agreement, and for other
good and valuable consideration, Guarantor hereby unconditionally and absolutely
guarantees to the Guaranteed Parties the due and punctual payment, performance
and discharge (whether upon stated maturity, demand, acceleration or otherwise
in accordance with the terms thereof) of all of the Obligations of Borrowers or
any other Obligor now or hereafter existing, whether for principal, interest,
fees, expenses or otherwise, regardless of whether recovery upon any of such
Obligations becomes barred by any statute of limitations, is void or voidable
under any law relating to fraudulent obligations or otherwise, is or becomes
invalid or unenforceable for any other reason, or is unrecoverable in any
Insolvency Proceeding of an Obligor (whether pursuant to 11 U.S.C. ss. 506 or
otherwise).

         GUARANTOR DOES HEREBY WAIVE: notice of acceptance hereof; notice of the
extension of credit from time to time by any Guaranteed Party to Borrowers and
the creation, existence or acquisition of any Obligations; notice of the amount
of Obligations from time to time, subject, however, to Guarantor's right to make
inquiry of Agent to ascertain the amount of Obligations at any reasonable

<PAGE>   2

time; notice of any adverse change in any Borrower's financial condition or of
any other fact which might increase Guarantor's risk; notice of presentment for
payment, demand, protest and notice thereof as to any instrument; notice of any
Default, Event of Default or acceleration and all other notices and demands to
which Guarantor might otherwise be entitled; any defense that any Borrower may
at any time assert based upon the invalidity or unenforceability of any of the
Loan Documents, the statute of limitations, the statute of frauds, failure of
consideration, fraud, bankruptcy, lack of legal capacity, usury, or accord and
satisfaction; and any right to contest the commercial reasonableness of the
disposition of any or all Collateral. Guarantor further waives any right
Guarantor may have, by statute or otherwise, to require any of the Guaranteed
Parties to institute suit against any Borrower or Borrowers or any other Obligor
after notice or demand from Guarantor or to seek recourse first against any
Borrower or Borrowers or any other Obligor, or to realize upon any Collateral,
as a condition to enforcing Guarantor's liability and obligations hereunder; any
defense or claim that any Person purporting to bind any Borrower or Borrowers to
the payment of any Obligations did not have actual or apparent authority to do
so; and any right to appraisement, valuation, stay of execution, or notice of
election to declare due the amount of any Obligations of Borrowers with regard
to Agent's enforcement of any Lien or other interest Agent, for the benefit of
the Guaranteed Parties, may hold in any real or personal property of any
Borrower or Borrowers. To the fullest extent permitted by Applicable Law,
Guarantor hereby also expressly waives any and all rights or defenses arising by
reason of (i) any "one action" or "anti-deficiency" law which would otherwise
prevent any Guaranteed Party from bringing any action, including any claim for a
deficiency, or exercising any other right or remedy (including any right of
setoff) against Guarantor before or after the Guaranteed Parties' commencement
or completion of any foreclosure action, whether by judicial action, by exercise
of power of sale or otherwise or (ii) any other law which in any other manner
would otherwise require any election of remedies by any Guaranteed Party. Except
as otherwise prohibited by Applicable Law, Guarantor hereby waives any right
that it may have to claim or recover in any litigation respecting this Guaranty
any special, exemplary, punitive or consequential damages or any damages other
than, or in addition to, actual damages. Guarantor shall make all payments
hereunder for the benefit of the Guaranteed Parties, free and clear of, and
without deduction or withholding for or on account of, any setoff, counterclaim,
defense, duties, taxes, levies, imposts, fees, deductions, restrictions or
conditions of any kind.

         If Borrowers fail to pay any Obligations on the due date thereof
(whether due on demand, at stated maturity, upon acceleration or otherwise) or
any other Event of Default under the Credit Agreement occurs or exists, then,
whether or not any of the Obligations are then due and payable or the maturity
thereof has been accelerated or demand for payment thereof from any Borrower or
any other Obligor has been made, all of the Obligations shall, at the election
of Agent, become immediately due and payable hereunder as to Guarantor and Agent
shall be entitled to enforce the obligations of Guarantor hereunder for the
benefit of the Guaranteed Parties. Guarantor agrees to pay all expenses incurred
by the Guaranteed Parties in connection with enforcement of the Guaranteed
Parties' right under the Guaranty, including court costs, collection charges and
reasonable attorneys' fees.

         Agent shall have, for the benefit of the Guaranteed Parties, a Lien
upon and right of setoff to any and all credits and any and all other property
of Guarantor, now or at any time whatsoever with or in the possession of any of
the Guaranteed Parties or anyone holding for any Guaranteed Party as security
for any and all Obligations and the indebtedness and obligations of Guarantor
hereunder.

<PAGE>   3

         Guarantor consents and agrees that, without notice to or by Guarantor
and without impairing or otherwise affecting the liability or obligations of
Guarantor hereunder, the Guaranteed Parties may: compromise or settle, extend
the period of duration or the time for the payment, discharge or performance of
any of the Obligations or increase the amount of the Obligations; refuse to
enforce, or release all or any Person liable for payment of, any of the
Obligations; increase, decrease or otherwise alter the rate of interest payable
with respect to the Obligations or grant other indulgences to any Borrower in
respect thereof; amend or modify in any manner, or terminate or release, any of
the Loan Documents or any other agreements evidencing, securing or otherwise
relating to the Obligations (other than this Guaranty); release, surrender,
exchange, modify or impair any and all Collateral or other property at any time
securing (directly or indirectly) any of the Obligations or on which the
Guaranteed Parties at any time may have a Lien; extend the time of payment of
any Collateral consisting of Accounts or other rights to the payment of money;
refuse to enforce its rights, or make any comprise or settlement or agreement
therefor, in respect of any such Collateral, deposits and property, or with any
party to the Obligations, or with any other Person whatsoever; or release or
substitute any Obligor.

         None of the Guaranteed Parties shall be under any obligation to marshal
any assets in favor of Guarantor or against or in payment of any of the
Obligations. If and to the extent any Guaranteed Party receives any payment on
account of any of the Obligations (whether from any Borrower or any other
Obligor or from the sale or other disposition of any Collateral) and such
payment or any part thereof is subsequently invalidated, declared to be
fraudulent or preferential, set aside or required to be repaid to a trustee,
receiver or any other Person in any Insolvency Proceeding or under any
Applicable Law, then the part of the Obligations intended to be satisfied shall
be revived and continued in full force and effect as if said payment had not
been made. The foregoing provisions of this paragraph shall survive any
termination or revocation of this Guaranty.

         Any and all present and future debts and obligations of any Borrower to
Guarantor are hereby postponed in favor of and subordinated to the full and
final payment of the Obligations. [The provisions of this Guaranty shall be
supplemental to and not in derogation of any rights and remedies of the
Guaranteed Parties or any affiliates of the Guaranteed Parties under any
separate subordination agreement that the Guaranteed Parties or such affiliate
may at any time or from time to time enter into with Guarantor.]

         Guarantor represents and warrants to the Guaranteed Parties that, as of
the date of this Guaranty, the fair saleable value of Guarantor's assets exceeds
its liabilities; Guarantor is meeting current liabilities as they mature; the
financial statements of Guarantor furnished to the Guaranteed Parties have been
prepared in accordance with the GAAP, except, in the case of interim statements,
for the absence of footnotes and normal year-end adjustments, and fairly present
the financial condition and results of operation as of the dates and for the
periods covered; since the date of said financial statements there has been no
material adverse change in the financial condition of Guarantor; there are not
now pending any material court or administrative proceedings or undischarged
judgments against Guarantor and no federal or state tax liens have been filed or
threatened against Guarantor; and Guarantor is not in default or claimed default
under any agreement for borrowed money. Guarantor shall immediately give Agent
written notice of any material adverse change in Guarantor's financial
condition, including litigation commenced, tax liens filed, defaults claimed
under its indebtedness for borrowed money or Insolvency Proceedings commenced by
or against Guarantor. At such reasonable times as Agent requests, Guarantor
shall furnish its current financial statements to the Guaranteed Parties and
permit any Guaranteed Party or its representatives to inspect Guarantor's
financial records and properties and make copies thereof or extracts therefrom
in order to evaluate the financial condition of Guarantor, on reasonable notice,
at reasonable times and during normal business hours.

<PAGE>   4

         This Guaranty is a primary, immediate and original obligation of
Guarantor and is an absolute, unconditional, continuing and irrevocable guaranty
of payment of the Obligations and not of its collectibility only, is not
contingent upon the exercise or enforcement by the Guaranteed Parties of
whatever remedies the Guaranteed Parties may have against any Borrower or
otherwise or the enforcement of any Lien or realization upon any Collateral and
shall remain in full force and effect without regard to future changes in
conditions, including change of law or any invalidity or unenforceability of any
of the Obligations or Loan Documents. This Guaranty shall be in addition to any
other present or future guaranty or other security for any of the Obligations,
shall not be prejudiced or unenforceable by the invalidity of any such other
guaranty or security and is not conditioned upon or subject to the execution by
any other Person of this Guaranty or any other guaranty or suretyship agreement.

         Agent, for and on behalf of the Guaranteed Parties, shall have the
right to seek recourse against Guarantor to the full extent provided for herein
and in any other Loan Document and against any Borrower and each other Obligor
to the full extent provided for in any of the Loan Documents. No election to
proceed in one form of action or proceeding, or against any party, or on any
obligation, shall constitute a waiver of the Agent's right to proceed in any
other form of action or proceeding against other parties, unless Agent has
expressly waived such right in writing. Specifically, but without limiting the
generality of the foregoing, no action or proceeding by the Guaranteed Parties
against any Borrower or any other Obligor under any Loan Document shall serve to
diminish the liability of Guarantor except to the extent the Guaranteed Parties
realized payment by such action or proceeding.

         Guarantor is fully aware of the financial condition and business of
Borrowers. Guarantor delivers this Guaranty based solely upon its own
independent investigation and in no part upon any representation or statement of
any of the Guaranteed Parties with respect thereto. Guarantor is in a position
to and hereby assumes full responsibility for obtaining any additional
information concerning each Borrower's financial condition as Guarantor may deem
material to Guarantor's obligations hereunder and Guarantor is not relying upon,
nor expecting the Guaranteed Parties to furnish Guarantor any information in any
Guaranteed Party's possession concerning, any Borrower's financial condition,
operations or business prospects. Guarantor hereby knowingly accepts the full
range of risks encompassed within a contract of "Guaranty," which risks include,
without limitation, the possibility that one or more Borrowers will contract
additional Obligations for which Guarantor may be liable hereunder after such
Borrower's financial condition or ability to pay its lawful debts when they fall
due has deteriorated.

         The books and records of Agent, showing the amounts owed to Guaranteed
Parties by Borrowers, shall be admissible in evidence in any action or
proceeding against or involving Guarantor as prima facie proof of the items
therein set forth, and the monthly statements of Agent rendered to Borrowers, to
the extent to which no written objection is made within 30 days from the date of
sending thereof to Borrowers, shall be deemed conclusively correct and shall
constitute an account stated between the Guaranteed Parties and Borrowers and
shall be binding on Guarantor.

<PAGE>   5

         Guarantor agrees that this Guaranty shall continue in full force and
effect until all of the Obligations have been fully paid and discharged (or, in
the case of Obligations that are Contingent Obligations, cash collateralized to
Agent's satisfaction) and the Credit Agreement has been terminated. If for any
reason any Borrower has no legal existence or is under no legal obligation to
discharge any of the Obligations, or if any of the Obligations have become
unrecoverable from any Borrower by reason of any Insolvency Proceeding or by
other operation of law or for any other reason, this Guaranty shall nevertheless
be binding upon Guarantor. If acceleration of the time for payment of any of the
Obligations is stayed as the result of any Insolvency Proceeding or any other
reason, all such amounts otherwise subject to acceleration under the terms of
the Loan Documents shall be immediately due and payable by Guarantor.

         To the fullest extent permitted by Applicable Law, Guarantor hereby
waives the right to revoke or terminate this Guaranty prior to payment in full
of the Obligations and termination of the Credit Agreement; but, if the
foregoing waiver shall be ineffective under Applicable Law, then Guarantor
agrees that any revocation or termination of this Guaranty, to be effective,
must be in a writing signed by Guarantor specifically referring to this Guaranty
and actually received by an officer of Agent who is familiar with this Guaranty
and Borrowers' account with the Guaranteed Parties. Any such termination or
revocation shall not affect the right and power of Agent, for the benefit of
Guaranteed Parties, to enforce the Obligations and other rights arising,
incurred or contracted for prior to Agent's receipt of such written notice of
termination or revocation and this Guaranty shall continue to be effective with
respect to all such Obligations. If Guaranteed Parties make loans or other
extensions of credit to or for the benefit of one or more Borrowers or take
other action after the termination or revocation by Guarantor, but prior to
Agent's receipt of notice of termination or revocation, then the rights of the
Guaranteed Parties with respect thereto shall be the same as if such termination
or revocation had not occurred.

         All rights, benefits and privileges herein and hereby conferred upon
Agent shall vest in and be enforceable by Agent and its successors and assigns.
This Guaranty shall be binding upon Guarantor and upon its successors and
assigns.

         To the extent any performance of this Guaranty would violate any usury
statute or other Applicable Law, the obligation to be fulfilled shall be reduced
to the limit legally permitted, so that this Guaranty shall not require any
performance in excess of the limit legally permitted, but such obligations shall
be fulfilled to the limit of the legal validity. The provisions of this
paragraph shall control every other provision of this Guaranty.

         THIS GUARANTY AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HERETO
SHALL BE GOVERNED, CONSTRUED AND INTERPRETED ACCORDING TO THE INTERNAL LAWS OF
THE STATE OF GEORGIA. AS PART OF THE CONSIDERATION FOR THE GUARANTEED PARTIES'
CONTINUING TO GRANT CREDIT TO BORROWERS, GUARANTOR HEREBY AGREES THAT ALL
ACTIONS, SUITS OR PROCEEDINGS ARISING DIRECTLY OR INDIRECTLY HEREUNDER MAY, AT
THE OPTION OF AGENT, BE LITIGATED IN COURTS HAVING SITUS WITHIN THE STATE OF
GEORGIA, AND GUARANTOR HEREBY EXPRESSLY CONSENTS TO THE JURISDICTION OF ANY
STATE OR FEDERAL COURT LOCATED WITHIN SAID STATE, AND CONSENTS THAT ANY SERVICE
OF PROCESS IN WHICH ACTION OR PROCEEDINGS MAY BE MADE BY PERSONAL SERVICE UPON
GUARANTOR WHEREVER GUARANTOR MAY BE THEN LOCATED, OR BY CERTIFIED OR REGISTERED
MAIL DIRECTED TO GUARANTOR AT GUARANTOR'S LAST KNOWN ADDRESS.

         This Guaranty expresses the entire understanding of the parties hereto
with respect to the subject matter hereof and may not be changed orally, and no
obligations of Guarantor can be released or waived by any of the Guaranteed
Parties, except by a writing signed by a duly authorized officer of Agent.

<PAGE>   6

         Until all of the Obligations have been paid in full and the Credit
Agreement has been terminated, Guarantor shall have no claim, right or remedy
(whether or not arising in equity, by contract or Applicable Law) against any
Borrower or any other Person by reason of Guarantor's payment or other
performance hereunder. Without limiting the generality of the foregoing,
Guarantor hereby waives and renounces any and all legal or equitable rights or
claims that Guarantor may have to reimbursement, subrogation, indemnity and
exoneration and agrees that Guarantor shall have no recourse to any assets or
property of any Borrower (including any Collateral) and no right of recourse
against or contribution from any other Person in any way directly or
contingently liable for any of the Obligations, whether any of such rights arise
under contract, in equity or under Applicable Law, until all of the Obligations
have been paid in full and the Credit Agreement has been terminated.

         As used herein, all references to "Guarantor" shall mean Guarantor and
its successors and assigns (including any receiver, trustee or custodian for
Guarantor or any of its assets or Guarantor in its capacity as debtor or
debtor-in-possession under the United States Bankruptcy Code); all references to
"Agent" shall mean Agent and its successors and assigns; all references to
"Lenders" shall mean each of the Lenders and their respective successors and
assigns; all references to "Guaranteed Parties" shall mean each of the
Guaranteed Parties and their respective successors and assigns; all references
to "Borrower" shall mean each Borrower and its successors and assigns (including
any receiver, trustee or custodian for such Borrower or any of its assets or
such Borrower in its capacity as debtor or debtor-in-possession under the United
States Bankruptcy Code); all references to the plural shall also mean the
singular, and all references to the singular shall also mean the plural; and all
references to "including" shall mean "including, without limitation."

         This Guaranty is intended to take effect as a sealed instrument under
the laws of the State of Georgia.

         GUARANTOR AND AGENT EACH HEREBY WAIVES THE RIGHT TO A JURY TRIAL IN ANY
ACTION, SUIT, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATED TO THIS
GUARANTY.

         IN WITNESS WHEREOF, Guarantor has caused this Guaranty to be signed,
sealed and delivered by its duly authorized officers, on the day and year first
above written.

ATTEST:                            SOLEMN ACQUISITION CORPORATION
                                   ("Guarantor")

                                   By: /s/ Juliet M. Reising
                                      -----------------------------------------
Secretary                             Name: Juliet M. Reising
                                           ------------------------------------
                                      Title: CFO
                                            -----------------------------------
         [CORPORATE SEAL]

<PAGE>   7

                                   Accepted:

                                   PNC BANK, NATIONAL ASSOCIATION, as Agent
                                   ("Agent")

                                   By: /s/ Arthur V. Lippens
                                      ----------------------------------------
                                      Name: Arthur V. Lippens
                                           -----------------------------------
                                      Title: Vice President
                                            ----------------------------------

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00012-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00012-of-00352.parquet"}]]