Acknowledgment and Reaffirmation of Guaranty and Deed of Trust by The Gerald J. Burnett and Marjorie J. Burnett Revocable Trust in Favor of Comerica Bank

Summary

This agreement, dated February 24, 2004, is between The Gerald J. Burnett and Marjorie J. Burnett Revocable Trust (Guarantor) and Comerica Bank. The Guarantor acknowledges and approves the Fourth Amendment to a Loan and Security Agreement between Avistar Communications Corporation and Comerica Bank. The Guarantor consents to the amended agreement and reaffirms that its previous guaranty and related security interests remain valid and enforceable, regardless of any further changes to the loan agreement.

EX-10.9.6 4 a2131179zex-10_96.htm EXHIBIT 10.9.6
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Exh. 10.9.6


ACKNOWLEDGMENT OF
FOURTH AMENDMENT TO LOAN AND SECURITY AGREEMENT
AND
REAFFIRMATION OF UNCONDITIONAL GUARANTY AND DEED OF TRUST,
SECURITY AGREEMENT AND FIXTURE FILING

        SECTION 1.    THE GERALD J. BURNETT AND MARJORIE J. BURNETT REVOCABLE TRUST (the "Guarantor") executed in favor of COMERICA BANK, successor by merger of Comerica Bank - California ("Bank") an Unconditional Guaranty dated as of December 16, 2002 (the "Guaranty"), which Guaranty is secured by a Deed of Trust, Security Agreement and Fixture Filing (with Assignment of Rents and Leases) dated as of December 16, 2002 and executed by Guarantor in favor of Bank (the "Deed of Trust"). Guarantor hereby acknowledges and confirms that it has reviewed and approves of the terms and conditions of that certain Loan and Security Agreement dated dated as of February 27, 2002, (as amended by that certain First Amendment to Loan and Security Agreement dated December 16, 2002, Second Amendment to Loan and Security Agreement dated March 10, 2003, Third Amendment to Loan and Security Agreement dated July 2, 2003 and Fourth Amendment to Loan and Security Agreement dated February 27, 2004, the "Agreement"), by and between AVISTAR COMMUNICATIONS CORPORATION (the "Borrower") and Bank.

        SECTION 2.    Guarantor hereby consents to the Agreement and agrees that its guaranty of Borrower's obligations as set forth in the Guaranty and the Deed of Trust shall continue in full force and effect, shall be valid and enforceable, and shall not be impaired or otherwise affected by the execution of the Agreement, any further amendments, renewals or extensions of the Agreement, or any other document or instrument delivered in connection herewith or therewith.

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Dated as of February 24, 2004                 GUARANTOR:

 

 

 

 

THE GERALD J. BURNETT AND MARJORIE J. BURNETT REVOCABLE TRUST

 

 

 

 

By:

 

/s/ Gerald J. Burnett
        Name:
        Title: Trustee

 

 

 

 

By:

 

/s/ Marjorie J. Burnett
        Name:
        Title: Trustee

APPROVED AND ACCEPTED

 

 

 

 

COMERICA BANK

 

 

 

 

By:

 

/s/ Robert Fernandez

 

 

 

 
Name:        
Title: Vice President        

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ACKNOWLEDGMENT OF FOURTH AMENDMENT TO LOAN AND SECURITY AGREEMENT AND REAFFIRMATION OF UNCONDITIONAL GUARANTY AND DEED OF TRUST, SECURITY AGREEMENT AND FIXTURE FILING