2. Retroactive Effectiveness. Buyer and Guarantor hereby intend and agree that the amendments to the Guarantee set forth in Section1 of this Amendment shall be effective as of November3, 2016, and at all times thereafter, with the same force and effect as if this Amendment had been executed on that date.
The Company is subject to various federal, state and local environmental laws and regulations that establish standards and requirements for the protection of the environment. The Company cannot predict the future impact of such standards and requirements, which are subject to change and can have retroactive effectiveness. The Company continues to monitor the status of these laws and regulations. Management believes that the likelihood of any of these items resulting in a material adverse impact to the Company's financial position, liquidity, capital resources or future results of operations is remote.