Common use of Corporate Guarantors Clause in Contracts

Corporate Guarantors. The undersigned have heretofore executed and delivered to the Lender (i) a Guaranty dated May 2, 2000 (the "Guaranty') and (ii) a Security Agreement dated May 2, 2000 (the "Security Agreement'). Each of the undersigned hereby consents to the Agreement set forth above and confirms that the Guaranty and the Security Agreement remain in full force and effect in accordance with the terms thereof. Each of the undersigned further agrees that the consent of the undersigned to any further modifications to the Forbearance Agreement or to the Credit Agreement shall not be required as a result of this consent having been obtained, except to the extent, if any, required by the Guaranty or Security Agreement. HOMEGOLD FINANCIAL, INC. By: Name: Xxxxxxx X. Xxxx Its: Executive Vice President CAROLINA INVESTORS, INC. By: Name: Xxxxxxx X. Xxxx Its: Executive Vice President PREMIER FINANCIAL SERVICES INC. By: Name: Xxxxxxx X. Xxxx Its: Executive Vice President LOAN PROS, INC. By: Name: Xxxxxxx X. Xxxx Its: Executive Vice President EMERGENT BUSINESS CAPITAL ASSET BASED LENDING, INC. By: Name: Xxxxxxx X. Xxxx Its: Executive Vice President XXXXX RIVER VENTURES, LP By: Name: Xxxxxxx X. Xxxx Its: Executive Vice President EMERGENT SBI By: Name: Xxxxxxx X. Xxxx Its: Executive Vice President EMERGENT COMMERCIAL MORTGAGE, INC. By: Name: Xxxxxxx X. Xxxx Its: Executive Vice President EMERGENT BUSINESS CAPITAL, INC. By: Name: Xxxxxxx X. Xxxx Its: Executive Vice President EMERGENT INSURANCE AGENCY CORP. By: Name: Xxxxxxx X. Xxxx Its: Executive Vice President EMERGENT MORTGAGE CORP. OF TENNESSEE By: Name: Xxxxxxx X. Xxxx Its: Executive Vice President HOMEGOLD REALTY, INC. By: Name: Xxxxxxx X. Xxxx Its: Executive Vice President

Corporate Guarantors. The undersigned have heretofore executed and delivered to the Lender (i) a Guaranty dated May 2, 2000 (the "Guaranty'") pursuant to which the undersigned guaranteed all indebtedness, obligations and liabilities of Homegold, Inc. a South Carolina corporation (the "Borrower") from time to time owing to you (the "Lender") and (ii) a Security Agreement dated May 2, 2000 (the "Security Agreement')") in favor of Lender. Each of the undersigned hereby consents to the Amended and Restated Credit Agreement set forth above bearing even date herewith between the Borrower and Lender and confirms that the Guaranty and the Security Agreement each remain in full force and effect in accordance with the terms thereofthereof and shall not in any manner be affected, impaired or discharged thereby. Each of the undersigned further agrees that the consent of the undersigned to any further modifications to the Forbearance Agreement or to the Credit Agreement shall not be required as a result of this consent having been obtained, except to the extent, if any, required by the Guaranty or Security Agreement. The undersigned further acknowledge and agree that the Lender is relying upon the agreements of the undersigned contained herein as an inducement to entering into the Amended and Restated Credit Agreement with the Borrower. Dated as of this 11th day of June, 2001. HOMEGOLD FINANCIAL, INC. By: /s/ Ronald J. Sheppard ------------------------------- Name: Xxxxxxx X. Xxxx Ronald J. Sheppard Its: Executive Vice President CEO CAROLINA INVESTORS, INC. By: /s/ Ronald J. Sheppard ------------------------------- Name: Xxxxxxx X. Xxxx Its: Executive Vice President PREMIER FINANCIAL SERVICES INC. By: Name: Xxxxxxx X. Xxxx Its: Executive Vice President LOAN PROS, INC. By: Name: Xxxxxxx X. Xxxx Its: Executive Vice President EMERGENT BUSINESS CAPITAL ASSET BASED LENDING, INC. By: Name: Xxxxxxx X. Xxxx Its: Executive Vice President XXXXX REEDY RIVER VENTURES, LP LP. By: Name: Xxxxxxx X. Xxxx Its: Executive Vice President EMERGENT SBI SBIC, INC. By: Name: Xxxxxxx X. Xxxx Its: Executive Vice President EMERGENT COMMERCIAL MORTGAGE, INC. By: Name: Xxxxxxx X. Xxxx Its: Executive Vice President EMERGENT BUSINESS CAPITAL, INC. By: Name: Xxxxxxx X. Xxxx Its: Executive Vice President EMERGENT INSURANCE AGENCY CORP. By: Name: Xxxxxxx X. Xxxx Its: Executive Vice President EMERGENT MORTGAGE CORP. OF TENNESSEE By: Name: Xxxxxxx X. Xxxx Its: Executive Vice President HOMEGOLD REALTY, INC. By: Name: Xxxxxxx X. Xxxx Its: Executive Vice President:

Corporate Guarantors. The undersigned have heretofore executed and delivered to the Lender (i) a Guaranty dated May 2, 2000 (the "Guaranty'") and (ii) a Security Agreement dated May 2, 2000 (the "Security Agreement'"). Each of the undersigned hereby consents to the Agreement set forth above and confirms that the Guaranty and the Security Agreement remain in full force and effect in accordance with the terms thereof. Each of the undersigned further agrees that the consent of the undersigned to any further modifications to the Forbearance Agreement or to the Credit Agreement shall not be required as a result of this consent having been obtained, except to the extent, if any, required by the Guaranty or Security Agreement. HOMEGOLD FINANCIAL, INC. By: /s/ Xxxxxxx X. Xxxxxxx -------------------------------------- Name: Xxxxxxx X. Xxxx Xxxxxxx Its: Executive Vice President CAROLINA INVESTORS, INC. By: /s/ Xxxxx X. Xxxxxx -------------------------------------- Name: Xxxxxxx Xxxxx X. Xxxx Xxxxxx Its: Executive Vice President Secretary PREMIER FINANCIAL SERVICES INC. By: /s/ Xxxxxxx X. Xxxxxxx -------------------------------------- Name: Xxxxxxx X. Xxxx Xxxxxxx Its: Executive Vice President LOAN PROS, INC. By: /s/ Xxxxxxx X. Xxxxxxx -------------------------------------- Name: Xxxxxxx X. Xxxx Xxxxxxx Its: Executive Vice President EMERGENT BUSINESS CAPITAL ASSET BASED LENDING, INC. By: /s/ Xxxxxxx X. Xxxxxxx -------------------------------------- Name: Xxxxxxx X. Xxxx Xxxxxxx Its: Executive Vice President XXXXX RIVER VENTURES, LP LP. By: HomeGold Financial, Inc. its Corporate General Partner By: /s/ Xxxxxxx X. Xxxxxxx -------------------------------------- Name: Xxxxxxx X. Xxxx Xxxxxxx Its: Executive Vice President EMERGENT SBI SBIC, INC. By: /s/ Xxxxxxx X. Xxxxxxx --------------------------------------- Name: Xxxxxxx X. Xxxx Xxxxxxx Its: Executive Vice President EMERGENT COMMERCIAL MORTGAGE, INC. By: /s/ Xxxxxxx X. Xxxxxxx --------------------------------------- Name: Xxxxxxx X. Xxxx Xxxxxxx Its: Executive Vice President EMERGENT BUSINESS CAPITAL, INC. By: /s/ Xxxxxxx X. Xxxxxxx --------------------------------------- Name: Xxxxxxx X. Xxxx Xxxxxxx Its: Executive Vice President EMERGENT INSURANCE AGENCY CORP. By: /s/ Xxxxxxx X. Xxxxxxx --------------------------------------- Name: Xxxxxxx X. Xxxx Xxxxxxx Its: Executive Vice President EMERGENT MORTGAGE CORP. OF TENNESSEE By: /s/ Xxxxxxx X. Xxxxxxx --------------------------------------- Name: Xxxxxxx X. Xxxx Xxxxxxx Its: Executive Vice President HOMEGOLD REALTY, INC. By: /s/ Xxxxxxx X. Xxxxxxx -------------------------------------- Name: Xxxxxxx X. Xxxx Xxxxxxx Its: Executive Vice President