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EXHIBIT 10.37
REAFFIRMATION OF GUARANTY
The
undersigned entered into a Guaranty (as amended from time to time,
the
"GUARANTY") to TD Banknorth, N.A. (as successor-by-merger to
Banknorth, N.A.)
(the "LENDER") dated as of January 11, 2005 pursuant to which,
among other
matters, they jointly and severally guaranteed the repayment of the
following
(i) Revolving Line of Credit Note in the original principal amount
of Seventeen
Million and 00/100 Dollars ($17,000,000.00) (the "ORIGINAL
REVOLVING NOTE"),
(ii) Commercial Term Promissory Note in the original principal
amount of Twelve
Million One Hundred and Four Thousand and 00/100 Dollars
($12,104,000.00), (iii)
Equipment Line of Credit Note in the original principal amount of
Five Million
and 00/100 Dollars ($5,000,000.00) (the "ORIGINAL EQUIPMENT LINE
NOTE") and (iv)
Commercial Real Estate Term Promissory Note in the original
principal amount of
Five Million Eight Hundred Ninety-Six Thousand and 00/100
Dollars
($5,896,000.00), each dated as of January 11, 2005, and each as may
be amended
from time to time from Smith & Wesson Corp., a Delaware
corporation
("BORROWER"), to the Lender and the performance of Borrower's
obligations under
said note and all of the agreements relating thereto (the "LOAN
DOCUMENTS"). The
undersigned are aware that Lender and Borrower are entering into
(i) amendments
to the Loan Documents (the "AMENDMENTS"), (ii) amendments and
restatements of
the Original Revolving Note and the Original Equipment Line Note
(collectively,
such amendments and restatements shall be referred to as the
"RESTATED NOTES"),
and (iii) an Acquisition Line of Credit Note in the original
principal amount of
$30,000,000 (the "ACQUISITION LINE N
