AMENDMENT AND
AFFIRMATION OF GUARANTY
This
AMENDMENT AND AFFIRMATION OF GUARANTY (the
“Affirmation”) is made as of June 30, 2008, by the
undersigned (“Guarantor”) for the benefit of COMERICA
BANK (“Bank”).
Bank,
SAFEGUARD DELAWARE, INC. and SAFEGUARD SCIENTIFICS (DELAWARE), INC.
(collectively, the “Borrower”) are parties to that
certain Loan Agreement dated as of May 10, 2002, as amended
from time to time, including without limitation by a First
Amendment to Loan Agreement dated as of May 9, 2003, a Second
Amendment to Loan Agreement dated as of February 12, 2004, a
Third Amendment to Loan Agreement dated as of May 8, 2004, a
Fourth Amendment to Loan Agreement dated as of September 30, 2004,
a Fifth Amendment to Loan Agreement dated as of May 2, 2005, a
Sixth Amendment to Loan Agreement dated as of August 1, 2005,
a Seventh Amendment to Loan Agreement dated as of May 4, 2006,
an Eighth Amendment to Loan Agreement dated as of February 28,
2007 and a Ninth Amendment to Loan Agreement dated as of
May 2, 2007 (collectively, the “Original
Agreement”). Borrowers and Bank propose to amend and restate
the terms of the Original Agreement pursuant to the terms of an
Amended and Restated Loan and Security Agreement of even date
herewith (the “Loan Agreement”).
Guarantor
executed for the benefit of Bank an Unconditional Guaranty dated as
of even date with the Loan Agreement, as amended from time to time
including without limitation by an Amendment and Affirmation of
Guaranty dated as of May 2, 2007 (collectively, the
“Guaranty”), guarantying all amounts owing by Borrower
to Bank.
Bank
has agreed to enter into the
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