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EXHIBIT 10.5
[Wyle Laboratories Letterhead]
October 29, 1999
XXXX International Corp.
000 Xxxxxx 00 Xxxxxxx
Xxxxx 0000
Xxxxxxx, XX 00000
RE: STOCK PURCHASE AGREEMENT/EXCHANGE AGREEMENT
Gentlemen:
This letter concerns that certain Stock Purchase Agreement between Wyle
Laboratories, Inc. and XXXX International Corp. ("XXXX"), dated September 24,
1999 (the "Purchase Agreement"), and that certain Exchange Agreement between
LTS Holdings, Inc. and XXXX, dated September 24, 1999 (the "Exchange
Agreement").
In accordance with our telephone conversation earlier today, this will confirm
that the parties have agreed by mutual consent to extend the time for the
Closing to occur, as provided under Section 3.1 of the Purchase Agreement, and
as provided under Section 4.1 of the Exchange Agreement, until November 30,
1999.
Management of Wyle will keep XXXX representatives informed on a weekly basis
of the status of and progress toward completing the financing and other
transactions necessary to consummate the closing.
Except as specifically modified and amended, the other terms and conditions of
the Purchase Agreement and the Exchange Agreement shall remain in full force
and effect.
WYLE LABORATORIES, INC. XXXX INTERNATIONAL CORP.
By: /s/ C.D. Yiakas By: /s/ Xxxxxx X. Xxxxxxxx, Xx.
-------------------------- ---------------------------
X.X. Xxxxxx, President Xxxxxx X. Xxxxxxxx, Xx.
Chief Executive Officer
LTS HOLDINGS, INC.
By: /s/ C.D. Yiakas
--------------------------
X.X. Xxxxxx, President
Wyle Laboratories, Inc. 000 Xxxxxxxx Xxxxxx, Xx Xxxxxxx, XX 00000-0000
Tel: (000) 000-0000 Fax: (000) 000-0000
