Exhibit 10.3
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000 Xxxxxx Xxxxxx Corporation
00 Xxxxxxxxxx Xxxxxx
Xxxxxx Xxxx, Xxx Xxxxxx 00000
Attention: Xx. Xxxxx Xxxxxxx
Dear Sirs:
Reference is hereby made to (i) the Guaranty dated as of November 30, 2005
(the "Guaranty") by Polystick U.S. Corporation (the "Guarantor") in favor of 000
Xxxxxx Xxxxxx Corporation ("Newark") and (ii) the Pledge Agreement dated as of
November 30, 2005 (the "Pledge Agreement") between the Guarantor and Newark.
This letter shall evidence the consent of the Guarantor that each reference
to the Note contained in the Guaranty and the Pledge Agreement shall be deemed a
reference to the Amended and Restated Promissory Note dated the date hereof
executed to Newark by GSV, Inc. The Guarantor hereby acknowledged and confirms
the full force and effect of the Guaranty and the Pledge Agreement.
Very truly yours,
POLYSTICK U.S. CORPORATION
By:
