Pledgor Guarantee Sample Contracts

PLEDGOR GUARANTEE
Pledgor Guarantee • September 11th, 2009 • Physicians Formula Holdings, Inc. • Perfumes, cosmetics & other toilet preparations • New York

THIS PLEDGOR GUARANTEE (the “Pledgor Guarantee”) is executed as of September 4, 2009 by PHYSICIANS FORMULA HOLDINGS, INC., a Delaware corporation (the “Guarantor”), for the benefit of MILL ROAD CAPITAL, L.P. (the “Lender”).

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