[XXXXXX INTERNATIONAL CORP. LETTERHEAD]
July 25, 2006
MHM SIEBDRUCKMASCHINEN GMBH
Xxxxxxxxxx 00x
X-0000 Xxx
Xxxxxxx
Re: Guaranty of Collection
Gentlemen:
Reference is made to that certain Distribution Agreement (the "Distribution
Agreement") dated as of July 8, 2006 by and between MHM SIEBDRUCKMASCHINEN GMBH
("MHM") and XXXXXX DISTRIBUTION, INC. ("Distributor"). Pursuant to Section 9(b)
of the Distribution Agreement, Distributor may become obligated, from time to
time, to pay MHM for Products (as defined in the Distribution Agreement) ordered
from MHM. As additional consideration given to MHM for the execution of the
Distribution Agreement and the transactions set forth therein, Xxxxxx
International Corp. (the "Company") hereby agrees to guaranty the full and
prompt payment of all of Distributor's obligations to pay for Products pursuant
to Section 9(b) of the Distribution Agreement upon the Distributor's failure to
make timely payment of its obligations thereunder. The Company agrees to pay on
demand all sums due or to become due to MHM from Distributor pursuant to Section
9(b) by reason of Distributor's failure to make timely payment under the terms
of the Distribution Agreement.
Very truly yours,
/s/ Xxxx Xxxxxxxxx
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Xxxx Xxxxxxxxx
Chief Executor Officer
