EXHIBIT 10.6
GUARANTOR SECURITY AGREEMENT
This Security Agreement (this “Agreement”) is dated as of March 5, 2010 between PNC BANK,
NATIONAL ASSOCIATION, having an office at 340 Madison Avenue, New York, New York 10173, as
agent for Lenders (as defined herein) (“Secured Party”) and PRESSTEK OVERSEAS CORP., a Delaware
corporation, having its principal place of business at 10 Glenville Street, Greenwich, CT 06831 (“Company”).
BACKGROUND
Presstek, Inc. (“PI” and together with each other Person which becomes a borrower under the Loan
Agreement (as defined herein), collectively, “Debtor”) has entered into that certain Revolving Credit and Security
Agreement dated as of the date hereof with Secured Party and the other financial institutions named therein or
which hereafter become a party thereto (each a “Lender” and collectively, “Lenders”) and Secured Party as
agent for Lenders (as amended, supplemented, restated or modified from time to time, the “Loan
Agreement”). Pursuant to the terms of the Loan Agreement, Lenders and Secured Party have agreed to make
certain extensions of credit available to the Debtor. Lenders and Secured Party are willing to make such
extensions of credit available to the Debtor only upon the condition, among others, that Company execute and
deliver its Guaranty of the obligations of the Debtor to Lenders and Secured Party and that Company secure its
Guaranty by executing and delivering this Agreement to Secured Party.
NOW, THEREFORE , in consideration of the mutual covenants and undertakings and the terms and
conditions contained herein, the parties hereto agree as follows:
1.
A. General Definitions . When used in this Agreement, the following terms shall have the
following meanings:
“ Affiliate ” of any Person shall mean (a) any Person which, directly or in