Exhibit 10.1
REAFFIRMATION OF GUARANTY
The undersigned, as Guarantors under
those certain Guaranties dated December 22, 2006
(collectively, the “Guaranty”) to NATIONAL CITY BANK, a
national banking association (“Bank”) hereby
acknowledges, affirms and agrees as follows:
1. The Guaranty remains in full
force and effect.
2. CTI GROUP (HOLDINGS), INC.
(the “Borrower”) has executed a certain First Amended
and Restated Revolving Line of Credit Promissory Note dated
November 13, 2007 in the principal amount of Three Million and
No/100 Dollars ($3,000,000.00) and other documents related thereto
(collectively, the “Loan Modification
Documents”).
3. The Bank has modified the
Revolving Line of Credit described in the Loan Modification
Documents in reliance, in part, on the execution of this
Reaffirmation of Guaranty and the continued validity of the
Guaranty with respect to the indebtedness of Borrower as evidenced
by the Loan Modification Documents.
4. The Guaranty shall also
guarantee and secure all of the obligations of Borrower under the
Loan Modification Documents and all of the terms of the Guaranty
shall relate thereto. All of the representations and warranties
contained in the Guaranty are still true and accurate, and the
execution of the Loan Modification Documents shall not affect,
impair, discharge or release any and all existing obligations of
the undersigned under the Guaranty.
5. The undersigned s
