RONSON CORP
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<TYPE>EX-10
<SEQUENCE>10
<FILENAME>exhibit10h.txt
<TEXT>




                                                                   EXHIBIT 10(h)

                     CONSENT AND REAFFIRMATION OF GUARANTOR
                     --------------------------------------


     THIS CONSENT AND REAFFIRMATION OF GUARANTOR (the "Consent"),  is made as of
this 30th day of June,  2002, by RONSON  CORPORATION,  a New Jersey  corporation
with its principal place of business at Corporate Park III,  Campus Drive,  Post
Office Box 6707,  Somerset,  New Jersey (the  "Guarantor"),  to SUMMIT  BUSINESS
CAPITAL CORP.,( successor-in-interest to Summit Bank) (the "Lender").

     WHEREAS,  the Lender and Ronson  Aviation,  Inc., a New Jersey  corporation
(the  "Borrower"),  are parties to a certain Loan and Security  Agreement  dated
August 28, 1997, as amended (the "Loan Agreement"), relating to financing by the
Lender to the Borrower as  evidenced  by a certain  Master Note dated August 28,
1997 in the maximum  principal  amount of Four  Hundred  Thousand  ($400,000.00)
Dollars (the "Master Note") and a certain Term Note dated August 28, 1997 in the
original  principal  amount of Two Hundred  Eighty-Five  Thousand  ($285,000.00)
Dollars (the "Term Note") (the Loan Agreement,  the Master Note, as amended, the
Term Note,  as  amended,  and all other  documents,  instruments,  writings  and
agreements delivered pursuant thereto are collectively and individually referred
to as the "Loan Documents"); and

     WHEREAS,  in order to induce the  Lender to enter into the Loan  Documents,
the Guarantor  executed and delivered to the Lender a certain Corporate Guaranty
Agreement dated August 28, 1997 (the "Guaranty"); and

     WHEREAS, the Borrower has requested that the Lender amend certain terms and
conditions of the Loan Agreement, pursuant to a certain Second Amendment to Loan
and Security  Agreement of even date herewith (the  "Amendment") (the Amendment,
and any and all documents,  instruments, writings and agreements related thereto
are collectively and individually referred to as the "Amendment Documents"); and

     WHEREAS,  to induce the Lender to enter into the Amendment  Documents,  the
Borrower has offered that the Guarantor will (a)  acknowledge its consent to the
execution  and  delivery of the  Amendment  Documents  by the  Borrower  and (b)
reaffirm the terms and conditions of the Guaranty.

     NOW,  THEREFORE,  in consideration of the foregoing,  and of other good and
valuable consideration, the Guarantor agrees as follows:

     1. The  Guarantor  hereby  acknowledges  the entry by the Borrower into the
Amendment Documents and hereby ratifies and affirms the actions taken therein.

     2.  The  Guarantor  affirms  that as of the date  hereof  there  exists  no
defense, set-off, or claim of any nature whatsoever to its Guaranty and that the
obligations  and  liability  of  the  Guarantor  under  the  Guaranty,  and  the
covenants,  representations and warranties of the Guarantor  thereunder,  remain
absolute, unconditional and in full force and effect.

     Executed on the day and year first written above.

ATTEST:                            RONSON CORPORATION


By: /s/ Alberta D. Gladis          By: /s/ Louis V. Aronson II
    ---------------------              -----------------------
        Alberta D. Gladis                  Louis V. Aronson, II
        Assistant Secretary                President and Chief Executive Officer



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