EXHIBIT 10.16
PLEDGE AGREEMENT CONFIRMATION
Reference is made to that certain Pledge Agreement (the "Agreement")
dated June 29, 2001 from The J. Xxxx Group, Inc. to Citizens Bank of
Massachusetts ("Citizens") individually and as Agent for the benefit of, and on
behalf of, all Lenders, as such term is defined in that certain Fifth Amended
and Restated Loan Agreement between The J. Xxxx Group, Inc. on the one hand, and
the several financial institutions from time to time party thereto (Citizens
Bank of Massachusetts being one of them) and Citizens Bank of Massachusetts as
Agent on behalf of the Lenders, on the other hand, dated as of June 29, 2001, as
amended as of August 28, 2001, July 25, 2002, June 26, 2003 and as the same may
hereafter be amended (collectively, the "Pledge Agreement"). The undersigned
hereby confirms to Citizens individually and as Agent that the Pledge Agreement
(i) remains in full force and effect; (ii) is valid, binding and enforceable
against the undersigned and the undersigned's successors and assigns in
accordance with its terms; and (iii) continues to secure all "Obligations" as
therein defined.
Executed as an instrument under seal as of this 26 day of June, 2003.
THE J. XXXX GROUP, INC.
By: /s/ Xxxxx X. Xxxxxx
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Name: Xxxxx X. Xxxxxx
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Title: Vice President/Corporate Controller
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