CONSENT AND REAFFIRMATION OF LOAN DOCUMENTSConsent and Reaffirmation of Loan Documents • August 15th, 2008 • Delphax Technologies Inc • Printing trades machinery & equipment
The undersigned, while not parties to the Assignment and Assumption Agreement dated August 14, 2008 (the "Agreement") between Harland Clarke Corp. ("Harland Clarke") and Whitebox Delphax, Ltd. ("Whitebox"), hereby consent to the transaction to be consummated pursuant to the Agreement, including without limitation the assignment by Whitebox to Harland Clarke of the Loans and the Loan Assets and the Equity Terminations. Each of the undersigned further (1) acknowledges and agrees that each of the Loan Documents remains in full force and effect and is hereby ratified, confirmed, and approved; (2) consents to all of the terms and conditions of the Agreement; (3) acknowledges and agrees that Harland Clarke is the successor in interest to Whitebox and is entitled to and may exercise all of Whitebox's rights and remedies under the Loan Documents and with respect to the Loans and the Loan Assets; (4) acknowledges that the Warrants were cancelled by Whitebox and the Equity Terminations were comp
Exhibit E - Termination LetterTermination Letter • August 15th, 2008 • Delphax Technologies Inc • Printing trades machinery & equipment
