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REAFFIRMATION OF GUARANTY

Guarantee Agreement

REAFFIRMATION OF GUARANTY | Document Parties: CLEARPOINT BUSINESS RESOURCES, INC | ASG, LLC | CLEARPOINT ADVANTAGE, LLC | CLEARPOINT HR, LLC | CLEARPOINT MANAGED SERVICES, LLC | CLEARPOINT RESOURCES, INC | CLEARPOINT WORKFORCE, LLC | ComVest Capital, LLC | EMGATE SOLUTIONS GROUP, LLC | MERCER VENTURES, INC | QUANTUM RESOURCE CORPORATION | STAFFBRIDGE, INC You are currently viewing:
This Guarantee Agreement involves

CLEARPOINT BUSINESS RESOURCES, INC | ASG, LLC | CLEARPOINT ADVANTAGE, LLC | CLEARPOINT HR, LLC | CLEARPOINT MANAGED SERVICES, LLC | CLEARPOINT RESOURCES, INC | CLEARPOINT WORKFORCE, LLC | ComVest Capital, LLC | EMGATE SOLUTIONS GROUP, LLC | MERCER VENTURES, INC | QUANTUM RESOURCE CORPORATION | STAFFBRIDGE, INC

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Title: REAFFIRMATION OF GUARANTY
Date: 8/20/2009
Industry: Business Services     Sector: Services

REAFFIRMATION OF GUARANTY, Parties: clearpoint business resources  inc , asg  llc , clearpoint advantage  llc , clearpoint hr  llc , clearpoint managed services  llc , clearpoint resources  inc , clearpoint workforce  llc , comvest capital  llc , emgate solutions group  llc , mercer ventures  inc , quantum resource corporation , staffbridge  inc
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Exhibit 10.4

 

REAFFIRMATION OF GUARANTY

 

Reference is made to (a) the Guaranty Agreement dated as of June 20, 2008 (the “ Guaranty ”) executed by each of the undersigned in favor of ComVest Capital, LLC (the “ Lender ”), pursuant to which, among other things, each of the undersigned has guaranteed all Obligations of ClearPoint Business Resources, Inc. (the “ Borrower ”) under, pursuant to or arising out of that certain Revolving Credit and Term Loan Agreement dated as of June 20, 2008 (the “ Original Agreement ”) by and between the Lender and the Borrower, and (b) the Amended and Restated Revolving Credit Agreement of even date herewith (the “ Amended Agreement ”) by and between the Lender and the Borrower, pursuant to which, among other things, the Lender and the Borrower are restructuring and modifying the terms of the credit facilities under the Original Agreement and the Borrower is granting to the Lender certain additional protective rights


 
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