Consent and Confirmation Letter Regarding Amended and Restated Promissory Note by Polystick U.S. Corporation to 116 Newark Avenue Corporation
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Polystick U.S. Corporation consents to update references in its prior Guaranty and Pledge Agreement with 116 Newark Avenue Corporation so that all mentions of the original Note now refer to a new Amended and Restated Promissory Note issued by GSV, Inc. The letter also confirms that the Guaranty and Pledge Agreement remain fully effective. This ensures that the obligations and security interests under the original agreements continue without interruption despite the change in the underlying promissory note.
EX-10.3 4 gsv_8kexhib103-011108.txt GSV, INC. 011108 Exhibit 10.3 ------------ 116 Newark Avenue Corporation 30 Montgomery Street Jersey City, New Jersey 07302 Attention: Mr. Frank Guarini Dear Sirs: Reference is hereby made to (i) the Guaranty dated as of November 30, 2005 (the "Guaranty") by Polystick U.S. Corporation (the "Guarantor") in favor of 116 Newark Avenue Corporation ("Newark") and (ii) the Pledge Agreement dated as of November 30, 2005 (the "Pledge Agreement") between the Guarantor and Newark. This letter shall evidence the consent of the Guarantor that each reference to the Note contained in the Guaranty and the Pledge Agreement shall be deemed a reference to the Amended and Restated Promissory Note dated the date hereof executed to Newark by GSV, Inc. The Guarantor hereby acknowledged and confirms the full force and effect of the Guaranty and the Pledge Agreement. Very truly yours, POLYSTICK U.S. CORPORATION By:
