Each of the Principals, intending to be legally bound hereby, does hereby acknowledge and agree as follows: (i) Principals acknowledge having reviewed the terms of the Third Amendment, and agree to the terms thereof; (ii) that the Validity Certificates, and other Loan Documents to which the Principals are a party, and all representations, warranties, covenants, agreements and guaranties made by Principals thereunder, and under any other Loan Documents by which the Principals may be bound, shall and do hereby remain, are effective and continue to apply to the Loan Documents, and with respect to all Obligations of the Borrower under the Loan Documents, as amended by the Third Amendment; (iii) that the Third Amendment shall not in any way adversely affect or impair the obligations of the Principals to Lender under any of the Loan Documents by which Principals may be bound; and (iv) all of the Loan Documents are each hereby ratified, confirmed and continued, all as of the date of this Acknowledgment.