Exhibit 10.17
AFFIRMATION OF
GUARANTY
This AFFIRMATION OF GUARANTY
is made as of March 15, 2007, by and among SAFEGUARD DELAWARE, INC.
(“SDI”), SAFEGUARD SCIENTIFICS (DELAWARE), INC.
(“SSI”; collectively with SDI,
“Guarantors”, each, a “Guarantor”) and
COMERICA BANK (“Bank”).
RECITALS
Bank and CLARIENT, INC.
(“Borrower”) are parties to that certain Loan Agreement
dated as of February 13, 2003, as amended, including without
limitation by that certain First Amendment to Loan Agreement dated
as of October 21, 2003, that certain Second Amendment to Loan
Agreement dated as of January 22, 2004, that certain Third
Amendment to Loan Agreement dated as of January 31, 2005, that
certain Fourth Amendment to Loan Agreement dated as of March 11,
2005, that certain Consent and Waiver dated as of July 13, 2005,
that certain letter agreement dated as of January 26, 2006, that
certain Waiver and Fifth Amendment to Loan Agreement dated as of
August 1, 2006, that certain Sixth Amendment to Loan Agreement
dated as of February 28, 2006, and that certain Seventh Amendment
to Loan Agreement dated as of January 17, 2007, and that certain
Waiver and Eighth Amendment to Loan Agreement dated as of February
28, 2007 (collectively, the “Agreement”).
Guarantors executed for the benefit of Bank a Third Amended and
Restated Unconditional Guaranty dated as of January 17, 2007 (the
“Guaranty”), guarantying amounts owing by Borrower to
Bank. Borrower and Bank propose to enter into a Ninth
Amendment to Loan Agreement of even date herewith (the
“A
