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AFFIRMATION OF GUARANTY
(Safeguard Delaware / Safeguard Scientifics (Delaware))
This AFFIRMATION
OF GUARANTY is made as of May 2, 2007, by the undersigned
(each a “Guarantor”; collectively, the
“Guarantors”) and COMERICA BANK
(“Bank”).
Borrowers and Bank
are parties to that certain Amended and Loan and Security
Agreement, dated as of February 28, 2007 (the
“Agreement”).
Guarantors
executed for the benefit of Bank an Unconditional Guaranty dated as
of September 30, 2004 (the “Guaranty”), guarantying
certain amounts owing by Borrowers to Bank, and an Affirmation of
Guaranty dated as of February 28, 2007, which Guarantors
executed in connection with the Agreement. Borrowers and Bank wish
to amend the Agreement to provide, among other things, for an
increase of the Revolving Line to $7,500,000. Bank has agreed to
enter into the First Amendment and Waiver to Amended and Restated
Loan and Security Agreement (the “Amendment”) provided,
among other things, that Guarantors consent to the entry by
Borrowers into the Amendment and related documents and agree that
the Guaranty will remain effective.
NOW, THEREFORE,
Guarantors agree as follows:
1. Each
Guarantor consents to the executi
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