Exhibit 99.2
December 22, 2002
XXXX INDUSTRIES, INC.
XXXX CONSTRUCTION, INC.
XXXX PRODUCTS, INC.
XXXX DE MEXICO, S.A. DE X.X.
XXXX SERVICIOUS, S.A. DE X.X.
XXXX, INC.
XXXX INSTALLATION SERVICES, INC.
0000 Xxxx Xxxxx Xxxx
Xxxxxx, Xxxxxxxx 00000
Attn: Xx X. Xxx, Chief Financial Officer
Ladies and Gentlemen:
Reference is made to certain Asset Purchase Agreement (the
"Agreement"), dated November 27, 2002, by and among XXXX Industries, Inc.,
a Delaware corporation (the "Company"), XXXX Construction, Inc., a Texas
corporation, XXXX Products, Inc., an Indiana corporation, XXXX de Mexico,
S.A. de C.V., a sociedad anonima de capital variable organized under the
laws of the United Mexican States, XXXX Servicious, S.A. de C.V., a
sociedad anonima de capital variable organized under the laws of the United
Mexican States, XXXX, Inc., an Alabama corporation, XXXX Installation
Services, Inc., a Delaware corporation, PFrank LLC, a Delaware limited
liability company ("Buyer"), and, solely for purposes of Sections 6.3, 6.5
and 10.14 thereof, Platinum Equity LLC, a Delaware limited liability
company ("Guarantor"), as amended by the letter agreement dated December
17, 2002 by and among the Sellers, Buyer and Guarantor. Unless otherwise
defined herein or the context otherwise requires, capitalized terms used
herein and defined in the Agreement shall be used herein as therein
defined.
Buyer hereby revokes that certain letter from Buyer to Sellers,
dated December 20, 2002, without prejudice to Buyer's right to subsequently
invoke any of its rights under the Agreement, including for the same
matters that formed the basis of such letter, subject to the condition that
Sellers agree to extend Buyer's termination rights set forth in Section
8.1(iii)(B)(2) of the Agreement from the date and time previously provided
in the Agreement, as amended, to 9:00 a.m. New York time on December 27,
2002.
[Signatures appear on next page]
Please indicate your agreement with the foregoing by executing
this letter agreement on the appropriate lines below.
PFRANK LLC
By: /s/ Xxxxxxx Xxxxx
------------------------------
Name: Xxxxxxx Xxxxx
Title:
PLATINUM EQUITY LLC
By: /s/ Xxxxxxx Xxxxx
--------------------------------
Name: Xxxxxxx Xxxxx
Title:
Acknowledged and Agreed this
22nd day of December 2002
XXXX INDUSTRIES, INC.
XXXX CONSTRUCTION, INC.
XXXX PRODUCTS, INC.
XXXX DE MEXICO, S.A. DE X.X.
XXXX SERVICIOUS, S.A. DE X.X.
XXXX, INC.
XXXX INSTALLATION SERVICES, INC.
By: /s/ Xxxx X. Xxx
--------------------------------
Name: Xxxx X. Xxx
Title: Vice President
(for each of the foregoing entities)
cc: Fried, Frank, Harris, Xxxxxxx & Xxxxxxxx
Xxx Xxx Xxxx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attn: Xxxxxx X. Xxxxxxxxxxx, Esq.
