UNCONDITIONAL GUARANTYUnconditional Guaranty • November 20th, 2006 • Safeguard Scientifics Inc • Services-business services, nec • Pennsylvania
For and in consideration of the loan by COMMERCE BANK, N.A. (“Bank”) to SAFEGUARD DELAWARE, INC. and SAFEGUARD SCIENTIFICS (DELAWARE), INC. (jointly, severally and collectively, “Borrower”), which loan is made pursuant to a Loan Agreement dated as of the date hereof (collectively, the “Agreement”), and acknowledging that Bank would not enter into the Agreement without the benefit of this Guaranty, the undersigned SAFEGUARD SCIENTIFICS, INC. (“Guarantor”) hereby unconditionally and irrevocably guarantees to Bank and becomes a surety to Bank for the prompt and complete payment of all Obligations (as defined in the Agreement) and performance by Borrower of the Agreement, in strict accordance with its terms. This Unconditional Guaranty is referred to herein as this “Guaranty”. All terms used without definition in this Guaranty shall have the meaning assigned to them in the Agreement.
SAFEGUARD DELAWARE, INC. SAFEGUARD SCIENTIFICS (DELAWARE), INC. LOAN AGREEMENTLoan Agreement • November 20th, 2006 • Safeguard Scientifics Inc • Services-business services, nec • Pennsylvania
This LOAN AGREEMENT is entered into as of November 17, 2006, by and between COMMERCE BANK, N.A. (“Bank”) and SAFEGUARD DELAWARE, INC. (“Safeguard Delaware”) and SAFEGUARD SCIENTIFICS (DELAWARE), INC. (“Safeguard Scientifics”; Safeguard Scientifics and Safeguard Delaware are sometimes referred to as “Borrower” or “Borrowers”). Each reference to Borrower or Borrowers shall include each of Safeguard Scientifics and Safeguard Delaware, jointly and severally.
