EXHBIT (B) (2)
As of May 28, 2004
JAC Acquisition Company, Inc.
c/o Symphony Suites
00 Xxxxxxxxxxxx Xxxxx
Xxxxxxxxxx, Xxx Xxxxxx 00000
Attn: Xxxxxxx X. Xxxxxxxxxx
Joule Inc.
0000 Xxxxx 0 Xxxxx
Xxxxxx, Xxx Xxxxxx 00000
Attn: Xxxxxxx X. Xxxxxxxxxx
Dear Xx. Xxxxxxxxxx:
Reference is made to a commitment letter dated March 22, 2004 ("Commitment
Letter") issued by FCC to, and accepted by, the parties thereto concerning
financing to be made available to certain of the Joule Inc. subsidiaries as more
particularly set forth in the Commitment Letter.
In accordance with our understanding and agreement, please be advised that
the expiration date of the Commitment Letter is hereby extended to August 31,
2004. All of the remaining terms and conditions of the Commitment Letter shall
remain in full force and effect (except for additional legal fees and costs
incurred by FCC therewith). Please acknowledge your understanding and agreement
to the terms hereof by signing where indicated below.
Very truly yours,
FLEET CAPITAL CORPORATION
By: /s/Xxxxx Xxxxxxxx
-------------------------------------
Xxxxx Xxxxxxxx,Vice President
AGREED AND ACCEPTED:
JAC ACQUISITION COMPANY, INC.
By: /s/ Xxxxxxx X. Xxxxxxxxxx
-----------------------------------
JOULE STAFFING SERVICES, INC.,
By: /s/Xxxx X. Xxxxxxx, Xx.
-----------------------------------
JOULE TECHNICAL STAFFING, INC.,
By: /s/Xxxx X. Xxxxxxx, Xx.
-----------------------------------
JOULE TECHNICAL SERVICES, INC.,
By: /s/Xxxx X. Xxxxxxx, Xx.
-----------------------------------
JOULE TRANSPORTATION, INC.
By: /s/Xxxx X. Xxxxxxx, Xx.
-----------------------------------
JOULE CORPORATE SERVICES, INC.
By: /s/Xxxx X. Xxxxxxx, Xx.
-----------------------------------
JOULE INC.
By: /s/Xxxx X. Xxxxxxx, Xx.
-----------------------------------
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