eSAFETYWORLD, Inc.
100-31 South Jersey Avenue
Setauket, NY 11733
212-894-3797 ext. 1042
Fax: 212-208-3082
September 29, 1999
Ms. Jennifer Cooper
Senior Credit Analyst
Kimberly-Clark Corporation
1400 Holcomb Bridge Road
Roswell, GA 30076
Re: Guaranty for payment of goods furnished to Laminaire Corporation
Dear Ms. Cooper:
This letter confirms our obligation to unconditionally guarantee
payment for all goods sold and delivered by Kimberly-Clark Corporation to
Laminaire Corporation. This guaranty covers the total sum of $ 85,449.90
representing the balance owed to Kimberly-Clark Corporation by Laminaire
Corporation as of the date of this letter.
This guarantee shall continue in effect until revoked in writing by the
undersigned from both eSAFETYWORLD, Inc. and Kimberly-Clark Corporation. Notice
of revocation shall not be effective until agreed upon and signed by both
parties.
Our liability to you under this guaranty is limited not only to the
aforementioned amount, but also to all future shipments and subsequent charges
incurred by Laminaire Corporation going forward, regardless of the shipment
address.
We will pay the unpaid portion of the amount covered by this guarantee
in full to Kimberly-Clark Corporation upon the closing of our Initial Public
Offering. We will pay the unpaid portion of the amount covered by this guarantee
in full to Kimberly-Clark within one week upon the closing of our Initial Public
Offering. Kimberly-Clark Corporation agrees to provide us with monthly
statements showing all charges, payments, credits, and unpaid balance of
Laminaire debt until the balance is paid in full
Sincerely,
eSAFETYWORLD, Inc. AGREED to by:
/s/Edward A. Heil By: /s/Jennifer Cooper
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Edward A. Heil Kimberly-Clark Corporation
Chairman