Reaffirmation of Guaranty by Ronson Aviation, Inc. in Connection with Loan Amendment
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Summary
Ronson Aviation, Inc., as guarantor, confirms and agrees that its obligations under a previous Corporate Guaranty and Security Agreement remain fully valid and enforceable, despite a recent amendment to the underlying loan agreement between the borrower and lender. The company acknowledges the amendment and reaffirms all its commitments, representations, and warranties under the original guaranty. This document ensures the lender that the guarantor's responsibilities are unchanged and continue in full effect.
EX-10.C 4 ex10-c.txt Exhibit 10-c REAFFIRMATION OF GUARANTY ------------------------- The undersigned guarantor of the Obligations of the Borrower to the Lender pursuant to a Corporate Guaranty and Security Agreement dated July 8, 1997 ("Guaranty") does hereby acknowledge and consent to the transaction contemplated by the Amendment and reaffirms the covenants, representations and warranties in the Guaranty are absolute, unconditional and in full force and effect. WITNESS: RONSON AVIATION, INC. By: By: /s/ Louis V. Aronson, II ----------------------------- ---------------------------------- Louis V. Aronson, II President and Chief Executive Officer
