GUARANTYEmerson Radio Corp • February 22nd, 2007 • Household audio & video equipment • New York
FOR VALUE RECEIVED, and in consideration of the issuance of and/or drawings under letters of credit issued by Wachovia Bank, National Association under the applications by Emerson Radio Macao Commercial Offshore Limited, a subsidiary of EMERSON RADIO CORP., a Delaware corporation (“Lender”), for the benefit of CAPETRONIC DISPLAY LIMITED, NAKAMICHI CORPORATION, AKAI ELECTRIC (CHINA) CO. LTD. and/or SANSUI ELECTRIC (CHINA) CO. LTD., each of which is a wholly owned subsidiary of the undersigned (each, a “Borrower”, and, collectively, “Borrowers”), under Letter of Credit Nos. IC611935H, IC611936H, IC611982H, IC612205H, IC612206H, IC612968H, IC613030H, IC613031H, IC613372H and IC613373H (the “Letters of Credit”), the obligations of Borrowers to repay such amounts is evidenced by the Promissory Note, dated as of February 21, 2007, issued by the Borrowers to Lender (as the same may be amended, restated, supplemented or otherwise modified from time to time, the “Promissory Note”), and for othe
