GUARANTY
May 12, 1999
Fleet Bank, N.A.
0000 Xxxxxx xx xxx Xxxxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Re: Unidigital Inc. ("Borrower")
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Gentlemen:
Fleet Bank, N.A., as Administrative Agent for itself and ratably for the
benefit of the Lender Parties and Hedge Banks (as defined in the Credit
Agreement, and hereafter referred to as the "Lenders") (the "Administrative
Agent"), and Borrower have entered into certain financing arrangements, pursuant
to which the Lenders may make loans and advances and provide other financial
accommodations to Borrower as set forth in the Credit Agreement, of even date
hereof, by and among Borrower, the Administrative Agent and the Lenders (as the
same now exists or may hereafter be amended, modified, supplemented, extended,
renewed, restated or replaced, the "Credit Agreement"), and the other Loan
Documents (as defined in the Credit Agreement).
Due to the close business and financial relationships between Borrower and
each and all of the undersigned (individually and collectively, "Guarantors"),
in consideration of the benefits which will accrue to Guarantors and as an
inducement for and in consideration of the Lenders making loans and advances and
providing other financial accommodations to Borrower pursuant to the Credit
Agreement and the other Loan Documents, each of the Guarantors hereby jointly
and severally agrees in favor of the Administrative Agent and the Lenders as
follows:
1. Guaranty.
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(a) Each of the Guarantors absolutely and unconditionally, jointly
and severally, guarantees and agrees to be liable for the full and indefeasible
payment and performance when due of the following (all of which are collectively
referred to herein as the "Guaranteed Obligations"): (i) all obligations,
liabilities and indebtedness of any kind, nature and description of Borrower to
the Administrative Agent, and/or the Lenders and/or their respective affiliates,
including principal, interest, charges, fees, costs and expenses, however
evidenced, whether as principal, surety, endorser, guarantor or otherwise,
whether arising under the Credit Agreement, the other Loan Documents, including
all obligations under any Hedge Agreements (as defined in the Credit Agreement)
or other hedging agreements, or otherwise, whether now existing or hereafter
arising, whether arising before, during or after the initial or any renewal term
of the Credit Agreement or after the commencement of any case with respect to
Borrower under the United States Bankruptcy Code or any similar statute
(including, without limitation, the payment of interest and other amounts, which
would accrue and become due but for the commencement of such case, whether or
not such amounts are allowed or allowable in whole or in part in any such case
and including loans, interest, fees, charges and expenses related thereto and
all other obligations of Borrower or its successors to the Administrative Agent
and the Lenders arising after the commencement of such case), whether direct or
indirect, absolute or contingent, joint or several, due or not due, primary or
secondary, liquidated or
unliquidated, secured or unsecured, and however acquired by the Administrative
Agent and the Lenders and (ii) all expenses (including, without limitation,
attorneys' fees and legal expenses) incurred by the Administrative Agent and the
Lenders in connection with the preparation, execution, delivery, recording,
administration, collection, liquidation, enforcement and defense of Borrower's
obligations, liabilities and indebtedness as aforesaid to the Administrative
Agent and the Lenders, the rights of the Administrative Agent in any collateral
or under this Guaranty and all other Loan Documents or in any way involving
claims by or against the Administrative Agent and/or any of the Lenders directly
or indirectly arising out of or related to the relationships between Borrower,
any of the Guarantors or any other Obligor (as hereinafter defined) and the
Administrative Agent and/or any of the Lenders, whether such expenses are
incurred before, during or after the initial or any renewal term of the Credit
Agreement and the other Loan Documents or after the commencement of any case
with respect to Borrower or any of the Guarantors under the United States
Bankruptcy Code or any similar statute.
(b) This Guaranty is a guaranty of payment and not of collection.
Each of the Guarantors agrees that the Administrative Agent and the Lenders need
not attempt to collect any Guaranteed Obligations from Borrower, any one of the
Guarantors or any other Obligor or to realize upon any collateral, but may
require any one of the Guarantors to make immediate payment of all of the
Guaranteed Obligations to the Administrative Agent when due, whether by
maturity, acceleration or otherwise, or at any time thereafter. The
Administrative Agent may apply any amounts received in respect of the Guaranteed
Obligations to any of the Guaranteed Obligations, in whole or in part (including
reasonable attorneys' fees and legal expenses incurred by the Administrative
Agent with respect thereto or otherwise chargeable to Borrower or Guarantors)
and in such order as the Administrative Agent may elect.
(c) Payment by Guarantors shall be made to the Administrative Agent
at the office of the Administrative Agent from time to time on demand as
Guaranteed Obligations become due. Guarantors shall make all payments to the
Administrative Agent on the Guaranteed Obligations free and clear of, and
without deduction or withholding for or on account of, any setoff, counterclaim,
defense, duties, taxes, levies, imposts, fees, deductions, withholding,
restrictions or conditions of any kind. One or more successive or concurrent
actions may be brought hereon against any of the Guarantors either in the same
action in which Borrower or any of the other Guarantors or any other Obligor is
sued or in separate actions. In the event any claim or action, or action on any
judgment, based on this Guaranty is brought against any of the Guarantors, each
of the Guarantors agrees not to deduct, set-off, or seek any counterclaim for or
recoup any amounts which are or may be owed by the Administrative Agent or any
of the Lenders to any of the Guarantors.
2. Waivers and Consents.
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(a) Notice of acceptance of this Guaranty, the making of loans and
advances and providing other financial accommodations to Borrower and
presentment, demand, protest, notice of protest, notice of nonpayment or default
and all other notices to which Borrower or any of the Guarantors are entitled
are hereby waived by each of the Guarantors. Each of the Guarantors also waives
notice of and hereby consents to, (i) any amendment, modification, supplement,
extension, renewal, or restatement of the Credit Agreement and any of the other
Loan Documents, including, without limitation, extensions of time of payment of,
or increase or decrease in the amount of, any of the Guaranteed Obligations, the
interest rate, fees, other charges, or any collateral, and the guarantee made
herein shall apply to the Credit Agreement and the other Loan Documents and the
Guaranteed Obligations as so amended, modified, supplemented, renewed, restated
or extended, increased or decreased, the taking, exchange, surrender and
releasing of collateral or guarantees now or at any time held by or available to
the Administrative Agent and the Lenders for the obligations of Borrower or any
other party at any time liable on or in respect of the Guaranteed Obligations or
who is the owner of any property which is security for the Guaranteed
Obligations (individually, an
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"Obligor" and collectively, the "Obligors"), including, without limitation, the
surrender or release by the Administrative Agent of any one of the Guarantors
hereunder, the exercise of, or refraining from the exercise of any rights
against Borrower, any of the Guarantors or any other Obligor or any collateral,
(iv) the settlement, compromise or release of, or the waiver of any default with
respect to, any of the Guaranteed Obligations and (v) any financing by the
Administrative Agent and/or any of the Lenders of Borrower under Section 364 of
the United States Bankruptcy Code or consent to the use of cash collateral by
the Administrative Agent and/or Lenders under Section 363 of the United States
Bankruptcy Code. Each of the Guarantors agrees that the amount of the Guaranteed
Obligations shall not be diminished and the liability of the Guarantors
hereunder shall not be otherwise impaired or affected by any of the foregoing.
(b) No invalidity, irregularity or unenforceability of all or any
part of the Guaranteed Obligations shall affect, impair or be a defense to this
Guaranty, nor shall any other circumstance which might otherwise constitute a
defense available to or legal or equitable discharge of Borrower in respect of
any of the Guaranteed Obligations, or any one of the Guarantors in respect of
this Guaranty, affect, impair or be a defense to this Guaranty. Without
limitation of the foregoing, the liability of Guarantors hereunder shall not be
discharged or impaired in any respect by reason of any failure by the
Administrative Agent or any of the Lenders to perfect or continue perfection of
any lien or security interest in any collateral or any delay by the
Administrative Agent or any of the Lenders in perfecting any such lien or
security interest. As to interest, fees and expenses, whether arising before or
after the commencement of any case with respect to Borrower under the United
States Bankruptcy Code or any similar statute, Guarantors shall be liable
therefor, even if Borrower's liability for such amounts does not, or ceases to,
exist by operation of law. Each of the Guarantors acknowledges that neither the
Administrative Agent nor any of the Lenders have made any representations to any
of the Guarantors with respect to Borrower, any other Obligor or otherwise in
connection with the execution and delivery by Guarantors of this Guaranty and
the Guarantors are not in any respect relying upon the Administrative Agent or
any of the Lenders or any statements by the Administrative Agent or any of the
Lenders in connection with this Guaranty.
(c) Each of the Guarantors hereby irrevocably and unconditionally
waives and relinquishes all statutory, contractual, common law, equitable and
all other claims against Borrower, any collateral for the Guaranteed Obligations
or other assets of Borrower or any other Obligor, for subrogation,
reimbursement, exoneration, contribution, indemnification, setoff or other
recourse in respect to sums paid or payable to the Administrative Agent or any
of the Lenders by each of the Guarantors hereunder and each of the Guarantors
hereby further irrevocably and unconditionally waives and relinquishes any and
all other benefits which Guarantors might otherwise directly or indirectly
receive or be entitled to receive by reason of any amounts paid by or collected
or due from Guarantors, Borrower or any other Obligor upon the Guaranteed
Obligations or realized from their property.
3. Subordination. Payment of all amounts now or hereafter owed to
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Guarantors by Borrower or any other Obligor is hereby subordinated in right of
payment to the indefeasible payment in full to the Administrative Agent and the
Lenders of the Guaranteed Obligations and all such amounts and any security and
guarantees therefor are hereby assigned to the Administrative Agent as security
for the Guaranteed Obligations.
4. Acceleration. Notwithstanding anything to the contrary contained
------------
herein or any of the terms of any of the other Loan Documents, the liability of
Guarantors for the entire Guaranteed Obligations shall mature and become
immediately due and payable, even if the liability of Borrower or any other
Obligor therefor does not, upon the occurrence of any act, condition or event
which constitutes an Event of Default as such term is defined in the Credit
Agreement.
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5. Account Stated. The books and records of the Administrative Agent
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showing the account among the Administrative Agent, the Lenders and Borrower
shall be admissible in evidence in any action or proceeding against or involving
Guarantors as prima facie proof of the items therein set forth, and the monthly
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statements of the Administrative Agent rendered to Borrower, to the extent to
which no written objection is made within thirty (30) days from the date of
sending thereof to Borrower, shall be deemed conclusively correct and constitute
an account stated among the Administrative Agent, the Lenders and Borrower and
be binding on Guarantors.
6. Termination. This Guaranty is continuing, unlimited, absolute and
-----------
unconditional. All Guaranteed Obligations shall be conclusively presumed to have
been created in reliance on this Guaranty. Each of the Guarantors shall continue
to be liable hereunder until one of the Administrative Agent's officers actually
receives a written termination notice from a Guarantor sent to the
Administrative Agent at its address set forth above by certified mail, return
receipt requested and thereafter as set forth below. Such notice received by the
Administrative Agent from any one of the Guarantors shall not constitute a
revocation or termination of this Guaranty as to any of the other Guarantors.
Revocation or termination hereof by any of the Guarantors shall not affect, in
any manner, the rights of the Administrative Agent or any obligations or duties
of any of the Guarantors (including the Guarantor which may have sent such
notice) under this Guaranty with respect to (a) Guaranteed Obligations which
have been created, contracted, assumed or incurred prior to the receipt by the
Administrative Agent of such written notice of revocation or termination as
provided herein, including, without limitation, (i) all amendments, extensions,
renewals and modifications of such Guaranteed Obligations (whether or not
evidenced by new or additional agreements, documents or instruments executed on
or after such notice of revocation or termination), (ii) all interest, fees and
similar charges accruing or due on and after revocation or termination, and
(iii) all reasonable attorneys' fees and legal expenses, costs and other
expenses paid or incurred on or after such notice of revocation or termination
in attempting to collect or enforce any of the Guaranteed Obligations against
Borrower, Guarantors or any other Obligor (whether or not suit be brought), (b)
or Guaranteed Obligations which have been created, contracted, assumed or
incurred after the receipt by the Administrative Agent of such written notice of
revocation or termination as provided herein pursuant to any contract entered
into by the Administrative Agent or any of the Lenders prior to receipt of such
notice. The sole effect of such revocation or termination by any of the
Guarantors shall be to exclude from this Guaranty the liability of such
Guarantor for those Guaranteed Obligations arising after the date of receipt by
the Administrative Agent of such written notice which are unrelated to
Guaranteed Obligations arising or transactions entered into prior to such date.
Without limiting the foregoing, this Guaranty may not be terminated and shall
continue so long as the Credit Agreement shall be in effect (whether during its
original term or any renewal, substitution or extension thereof).
7. Reinstatement. If after receipt of any payment of, or proceeds of
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collateral applied to the payment of, any of the Guaranteed Obligations, the
Administrative Agent or any of the Lenders is required to surrender or return
such payment or proceeds to any Person (as defined in the Credit Agreement) for
any reason, then the Guaranteed Obligations intended to be satisfied by such
payment or proceeds shall be reinstated and continue and this Guaranty shall
continue in full force and effect as if such payment or proceeds had not been
received by the Administrative Agent or any of the Lenders. Each of the
Guarantors shall be liable to pay to the Administrative Agent and the Lenders,
and does indemnify and hold the Administrative Agent and the Lenders harmless
for the amount of any payments or proceeds surrendered or returned. This Section
7 shall remain effective notwithstanding any contrary action which may be taken
by the Administrative Agent or any of the Lenders in reliance upon such payment
or proceeds. This Section 7 shall survive the termination or revocation of this
Guaranty.
8. Amendments and Waivers. Neither this Guaranty nor any provision
----------------------
hereof shall be amended, modified, waived or discharged orally or by course of
conduct, but only by a written agreement signed by
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an authorized officer of the Administrative Agent. The Administrative Agent
shall not by any act, delay, omission or otherwise be deemed to have expressly
or impliedly waived any of its rights, powers and/or remedies unless such waiver
shall be in writing and signed by an authorized officer of the Administrative
Agent. Any such waiver shall be enforceable only to the extent specifically set
forth therein. A waiver by the Administrative Agent of any right, power and/or
remedy on any one occasion shall not be construed as a bar to or waiver of any
such right, power and/or remedy which the Administrative Agent would otherwise
have on any future occasion, whether similar in kind or otherwise.
9. Corporate Existence, Power and Authority. Each of the Guarantors is a
----------------------------------------
corporation duly organized and in good standing under the laws of its state or
other jurisdiction of incorporation and is duly qualified as a foreign
corporation and in good standing in all states or other jurisdictions where the
nature and extent of the business transacted by it or the ownership of assets
makes such qualification necessary, except for those jurisdictions in which the
failure to so qualify would not have a material adverse effect on the financial
condition, results of operation or businesses of such Guarantor or the rights of
the Administrative Agent hereunder or under any of the other Loan Documents. The
execution, delivery and performance of this Guaranty is within the corporate
powers of each of the Guarantors, have been duly authorized and are not in
contravention of law or the terms of the certificates of incorporation, by-laws,
or other organizational documentation of each of the Guarantors, or any
indenture, agreement or undertaking to which any of Guarantors is a party or by
which any of the Guarantors or its property are bound. This Guaranty constitutes
the legal, valid and binding obligation of each of the Guarantors enforceable in
accordance with its terms. Any one of the Guarantors signing this Guaranty shall
be bound hereby whether or not any of the other Guarantors or any other person
signs this Guaranty at any time.
10. Governing Law; Choice of Forum; Service of Process; Jury Trial Waiver.
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(a) The validity, interpretation and enforcement of this Guaranty
and any dispute arising out of the relationship among any of the Guarantors and
the Administrative Agent, or any of the Lenders, whether in contract, tort,
equity or otherwise, shall be governed by the internal laws of the State of New
York.
(b) Each of the Guarantors hereby irrevocably consents and submits
to the non-exclusive jurisdiction of the Courts of New York State and the United
States District Court for the Southern District of New York and waives any
objection based on venue or forum non conveniens with respect to any action
----- --- ----------
instituted therein arising under this Guaranty or any of the other Loan
Documents or in any way connected with or related or incidental to the dealings
of any of Guarantors and the Administrative Agent in respect of this Guaranty or
any of the other Loan Documents or the transactions related hereto or thereto,
in each case whether now existing or hereafter arising and whether in contract,
tort, equity or otherwise, and agrees that any dispute arising out of the
relationship among any of Guarantors or Borrower and the Administrative Agent or
the conduct of any such persons in connection with this Guaranty, the other Loan
Documents or otherwise shall be heard only in the courts described above (except
that the Administrative Agent shall have the right to bring any action or
proceeding against any of the Guarantors or its property in the courts of any
other jurisdiction which the Administrative Agent deems necessary or appropriate
in order to realize on collateral at any time granted by Borrower or any of the
Guarantors to the Administrative Agent or to otherwise enforce its rights
against any of the Guarantors or its property).
(c) Each of the Guarantors hereby waives personal service of any and
all process upon it and consents that all such service of process may be made by
certified mail (return receipt requested) directed to its address set forth on
the signature pages hereof and service so made shall be deemed to be completed
five (5) days after the same shall have been so deposited in the U.S. mails, or,
at the
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Administrative Agent's option, by service upon any of the Guarantors in any
other manner provided under the rules of any such courts. Within thirty (30)
days after such service, any of the Guarantors so served shall appear in answer
to such process, failing which such Guarantor shall be deemed in default and
judgment may be entered by the Administrative Agent against such Guarantor for
the amount of the claim and other relief requested.
(d) EACH GUARANTOR AND THE ADMINISTRATIVE AGENT MUTUALLY HEREBY
KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE THE RIGHT TO A TRIAL BY JURY IN
RESPECT OF ANY CLAIM BASED HEREON, ARISING OUT OF OR, UNDER OR IN CONNECTION
WITH THIS GUARANTY OR ANY OTHER LOAN DOCUMENTS CONTEMPLATED TO BE EXECUTED IN
CONNECTION HEREWITH OR ANY COURSE OF CONDUCT, COURSE OF DEALINGS STATEMENTS
(WHETHER VERBAL OR WRITTEN) OR ACTIONS OF ANY PARTY. THIS WAIVER CONSTITUTES A
MATERIAL INDUCEMENT FOR THE ADMINISTRATIVE AGENT AND THE LENDERS TO ACCEPT THE
TERMS OF THIS GUARANTY AND MAKE LOANS PURSUANT TO THE TERMS OF THE CREDIT
AGREEMENT.
(e) Neither the Administrative Agent nor any of the Lenders shall
have any liability to Guarantors (whether in tort, contract, equity or
otherwise) for losses suffered by Guarantors in connection with, arising out of,
or in any way related to the transactions or relationships contemplated by this
Guaranty, or any act, omission or event occurring in connection herewith, unless
it is determined by a final and non-appealable judgment or court order binding
on the Administrative Agent and the Lenders that the losses were the result of
acts or omissions constituting gross negligence or willful misconduct. In any
such litigation, the Administrative Agent and the Lenders shall be entitled to
the benefit of the rebuttable presumption that it acted in good faith and with
the exercise of ordinary care in the performance by it of the terms of the
Credit Agreement and the other Loan Documents.
11. Miscellaneous
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(a) All notices, requests and demands hereunder shall be in writing
and (a) made to the Administrative Agent as follows: Fleet Bank, N.A., as
Administrative Agent, 0000 Xxxxxx xx xxx Xxxxxxxx, Xxx Xxxx, Xxx Xxxx 00000,
Attention Xx. Xxxx Xxxxxxx, Vice President and to each of the Guarantors at its
chief executive office set forth below, or to such other address as either party
may designate by written notice to the other in accordance with this provision,
and (b) deemed to have been given or made: if delivered in person, immediately
upon delivery; if by telex, telegram or facsimile transmission, immediately upon
sending and upon confirmation of receipt; if by nationally recognized overnight
courier service with instructions to deliver the next business day, one (1)
business day after sending; and if by certified mail, return receipt requested,
five (5) days after mailing.
(b) Each Guarantor under this Guaranty or any of the Loan Documents,
in addition to the subrogation rights it shall have against a Borrower, under
applicable law as a result of any payment it makes under its Guaranty, shall
also have a right of contribution against all of the other Guarantors under the
Loan Documents, in respect of any such payment pro rata among same based on
--- ----
their respective net fair value as enterprises, provided any such right of
--------
contribution shall be subject and subordinate to the prior payment in full of
the "Obligations" of such Guarantor under its Guaranty. It is the desire and
intent of each Guarantor and the Administrative Agent and the Lenders that the
Guaranties shall be enforced against each Guarantor to the fullest extent
permissible under the laws and public policies applied in each jurisdiction in
which enforcement is sought.
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(c) If, however, and to the extent, that the "Obligations" of any
Guarantor under its Guaranty would, in the absence of this sentence, be
adjudicated to be invalid or unenforceable for any reason (including, without
limitation, because of any applicable state or federal law relating to
fraudulent conveyances or transfers), then the amount of the "Obligations" of
such Guarantor (but not the "Obligations" of any other Guarantor unless such
other Guarantor or Guarantors are individually subject to the circumstances
covered by Sections 11(b) and 11(c) shall be deemed to be reduced ab initio to
-- ------
that maximum amount which would be permissible under applicable law without
causing such Guarantor's "Obligations" under its Guaranty to be so invalidated.
(d) If any provision of this Guaranty is held to be invalid or
unenforceable, such invalidity or unenforceability shall not invalidate this
Guaranty as a whole, but this Guaranty shall be construed as though it did not
contain the particular provision held to be invalid or unenforceable and the
rights and obligations of the parties shall be construed and enforced only to
such extent as shall be permitted by applicable law.
(e) This Guaranty represents the entire agreement and understanding
of this parties concerning the subject matter hereof, and supersedes all other
prior agreements, understandings, negotiations and discussions, representations,
warranties, commitments, proposals, offers and contracts concerning the subject
matter hereof, whether oral or written.
(f) This Guaranty shall be binding upon Guarantors and their
respective successors and assigns and shall inure to the benefit of the
Administrative Agent and the Lenders and their successors, endorsees,
transferees and assigns. The liquidation, dissolution or termination of any of
Guarantors shall not terminate this Guaranty as to such entity or as to any of
the other Guarantors.
(g) All references to the term "Guarantors" wherever used herein
shall mean each and all of Guarantors and their respective successors and
assigns, individually and collectively, jointly and severally (including,
without limitation, any receiver, trustee or custodian for any of Guarantors or
any of their respective assets or any of Guarantors in its capacity as debtor or
debtor-in-possession under the United States Bankruptcy Code). All references to
the terms the "Administrative Agent" and "Lenders", wherever used herein, shall
mean the Administrative Agent and the Lenders and their respective successors
and assigns and all references to the term "Borrower" wherever used herein shall
mean Borrower and its successors and assigns (including, without limitation, any
receiver, trustee or custodian for Borrower or any of its assets or Borrower in
its capacity as debtor or debtor-in-possession under the United States
Bankruptcy Code). All references to the plural shall also mean the singular and
to the singular shall also mean the plural.
(h) Any provision contained in this Guaranty or in any of the other
Loan Documents that is prohibited or unenforceable in any respect in any
jurisdiction shall, as to such jurisdiction, be ineffective to the extent of
such prohibition or unenforceability without invalidating the remaining
provisions of the appropriate document or documents, as the case may be, and any
such prohibition or unenforceability in any jurisdiction shall not invalidate or
render unenforceable such provision in any other jurisdiction.
(i) This Guaranty may be executed in any number of counterparts, but
all of such counterparts shall together constitute but one and the same
agreement. In making proof of this Guaranty, it shall not be necessary to
produce or account for more than one counterpart thereof signed by each of the
parties hereto.
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IN WITNESS WHEREOF, each of Guarantors has executed and delivered this
Guaranty as of the day and year first above written.
UNIDIGITAL ELEMENTS (NY), INC.
By: /s/ Xxxxxxx X. Xxx
---------------------------------
Title: Chief Executive Officer
Chief Executive Office
----------------------
000 Xxxx 00xx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
ATTEST:
/s/ Xxxxx Xxxx
---------------------------
UNISON (NY), INC.
By: /s/ Xxxxxxx X. Xxx
---------------------------------
Title: Chief Executive Officer
Chief Executive Office
----------------------
000 Xxxx 00xx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
ATTEST:
/s/ Xxxxx Xxxx
---------------------------
UNISON (MA), INC.
By: /s/ Xxxxxxx X. Xxx
---------------------------------
Title: Chief Executive Officer
Chief Executive Office
----------------------
000 Xxxx 00xx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
ATTEST:
/s/ Xxxxx Xxxx
---------------------------
-8-
UNIDIGITAL ELEMENTS (SF), INC.
By: /s/ Xxxxxxx X. Xxx
---------------------------------
Title: Chief Executive Officer
Chief Executive Office
----------------------
000 Xxxx 00xx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
ATTEST:
/s/ Xxxxx Xxxx
---------------------------
MEGA ART CORP.
By: /s/ Xxxxxxx X. Xxx
---------------------------------
Title: Chief Executive Officer
Chief Executive Office
----------------------
000 Xxxx 00xx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
ATTEST:
/s/ Xxxxx Xxxx
---------------------------
SUPERGRAPHICS HOLDING
COMPANY, INC.
By: /s/ Xxxxxxx X. Xxx
---------------------------------
Title: Chief Executive Officer
Chief Executive Office
----------------------
000 Xxxx 00xx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
ATTEST:
/s/ Xxxxx Xxxx
---------------------------
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SUPERGRAPHICS CORPORATION
By: /s/ Xxxxxxx X. Xxx
---------------------------------
Title: Chief Executive Officer
Chief Executive Office
----------------------
000 Xxxx 00xx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
ATTEST:
/s/ Xxxxx Xxxx
---------------------------
-00-
XXXXX XX XXX XXXX )
) ss.:
COUNTY OF NEW YORK )
On this 11th day of May, 1999, before me personally came Xxxxxxx X. Xxx,
to me known, who stated that he is the Chief Executive Officer of Unidigital
Elements (NY), Inc., the corporation described in and which executed the
foregoing instrument; and that he signed his name thereto by order of the Board
of Directors of said corporation.
/s/ Xxxxxxx XxXxxxxxx
---------------------------
Notary Public
STATE OF NEW YORK )
) ss.:
COUNTY OF NEW YORK )
On this 11th day of May, 1999, before me personally came Xxxxxxx X. Xxx, to me
known, who stated that he is the Chief Executive Officer of Unison (NY), Inc. ,
the corporation described in and which executed the foregoing instrument; and
that he signed his name thereto by order of the Board of Directors of said
corporation.
/s/ Xxxxxxx XxXxxxxxx
---------------------------
Notary Public
STATE OF NEW YORK )
) ss.:
COUNTY OF NEW YORK )
On this 11th day of May, 1999, before me personally came Xxxxxxx X. Xxx,
to me known, who stated that he is the Chief Executive Officer of Unison (MA),
Inc., the corporation described in and which executed the foregoing instrument;
and that he signed his name thereto by order of the Board of Directors of said
corporation.
/s/ Xxxxxxx XxXxxxxxx
---------------------------
Notary Public
STATE OF NEW YORK )
) ss.:
COUNTY OF NEW YORK )
On this 11th day of May, 1999, before me personally came Xxxxxxx X. Xxx,
to me known, who stated that he is the Chief Executive Officer of Unidigital
Elements (SF), Inc., the corporation described in and which executed the
foregoing instrument; and that he signed his name thereto by order of the Board
of Directors of said corporation.
/s/ Xxxxxxx XxXxxxxxx
---------------------------
Notary Public
-00-
XXXXX XX XXX XXXX )
) ss.:
COUNTY OF NEW YORK )
On this 11th day of May, 1999, before me personally came Xxxxxxx X. Xxx,
to me known, who stated that he is the Chief Executive Officer of Mega Art
Corp., the corporation described in and which executed the foregoing instrument;
and that he signed his name thereto by order of the Board of Directors of said
corporation.
/s/ Xxxxxxx XxXxxxxxx
---------------------------
Notary Public
STATE OF NEW YORK )
) ss.:
COUNTY OF NEW YORK )
On this 11th day of May, 1999, before me personally came Xxxxxxx X. Xxx,
to me known, who stated that he is the Chief Executive Officer of SuperGraphics
Holding Company, Inc., the corporation described in and which executed the
foregoing instrument; and that he signed his name thereto by order of the Board
of Directors of said corporation.
/s/ Xxxxxxx XxXxxxxxx
---------------------------
Notary Public
STATE OF NEW YORK )
) ss.:
COUNTY OF NEW YORK )
On this 11th day of May, 1999, before me personally came Xxxxxxx X. Xxx,
to me known, who stated that he is the Chief Executive Officer of SuperGraphics
Corporation, the corporation described in and which executed the foregoing
instrument; and that he signed his name thereto by order of the Board of
Directors of said corporation.
/s/ Xxxxxxx XxXxxxxxx
---------------------------
Notary Public
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