REMAINDER PAYMENT GUARANTEERemainder Payment Guarantee • December 23rd, 2008 • Lalji Firoz • Retail-catalog & mail-order houses • Washington
This REMAINDER PAYMENT GUARANTEE, dated as of December 19, 2008 (this “Guarantee”), by Firoz Lalji (the “Guarantor”), in favor of the Shareholder’s Representative as agent for the Selling Shareholders is made between the Guarantor and the Shareholder’s Representative. Each capitalized term used and not defined herein shall have the meaning ascribed to it in the Merger Agreement. For the avoidance of doubt, references herein to the “Company” or to “Zac”, after the Effective Date, shall mean the Surviving Corporation.
