Contract
D.
Emerald Investments Ltd.
85
Medinat Ha Yehudim
Herzeliya,
Israel
Attention:
Xx. Xxx Xxxxx
Dear
Sirs:
Reference
is hereby made to (i) the Guaranty dated as of May 10, 2005 (the “Guaranty”)
by
Polystick U.S. Corp. (the “Guarantor”)
in
favor of D. Emerald Investments Ltd. (“Emerald”),
(ii)
the Pledge Agreement dated as of May 10, 2005 (the “Pledge
Agreement”)
between the Guarantor and Emerald and (iii) the Voting Agreement dated May
11,
2004 between the Guarantor and Emerald (the “Voting
Agreement”).
Guarantor
hereby (i) waives notice of the restatement and amendment of the Convertible
Note effected pursuant to an agreement between GSV, Inc. and Emerald dated
as of
May 10, 2008, and (ii) consents and agrees that each reference to the
Convertible Note contained in the Guaranty, the Pledge Agreement and the Voting
Agreement shall be deemed a reference to the Amended and Restated Promissory
Note dated the date hereof executed to Emerald by GSV, Inc. The Guarantor hereby
acknowledges and confirms the full force and effect of the Guaranty, the Pledge
Agreement and the Voting Agreement.
Very truly yours, | |
POLYSTICK U.S. CORP. | |
By /s/ Xxxx Xxxxx | |
Xxxx
Xxxxx
|
|
President
|