Exhibit 2.9
XXXXXXX HOLDINGS LLC
0 XXXXX XXXXX XXX
XXXXXX, XX 00000
April 15, 2002
Xx. Xxxxxx Xxxxxxx, CEO
Stratus Services Group, Inc.
000 Xxxxx Xxxx
Xxxxxxxxx, XX
Subject: Letter Agreement
Dear Xxx:
This letter shall serve to document our agreement regarding a change in the
Allocation Agreement between Stratus Services Group, Inc., Xxxxxxx Holdings,
and myself, Xxxxxxx Xxxxxxx. Due to Stratus's current need for capital,
Xxxxxxx Holdings will provide Stratus Services Group, Inc. with $200,000 in
the form of a short term, 90 day, demand note. Stratus shall agree to
reimburse Xxxxxxx Holdings, LLC by August 1, 2002 in the amount of $250,000.
Such $250,000 shall be payable from distributions currently scheduled to be
paid to Stratus Services Group, Inc., from proceeds received by SEP, LLC.
Distributions made by SEP, LLC are in accordance with proceeds received from SEA
Consulting Services Corp, on or about July 30, 2002.
If for any reason, such proceeds due SEP, LLC are not received, and are
there for not distributable, the repayment amount of $250,000 shall be paid by
you, Xxxxxx Xxxxxxx, from your person assets, on or about September 1, 2002.
If you agree to the above terms, please sign below to signify your
acknowledgement and understanding of this agreement.
Sincerely,
/s/ Xxxxxxx Xxxxxxx
-------------------------------------
Xxxxxxx Xxxxxxx
President, Xxxxxxx Holdings, LLC
/s/ Xxxxxx X. Xxxxxxx
--------------------------------------
Xx. Xxxxxx Xxxxxxx
CEO, Stratus Services Group, Inc.
/s/ Xxxxxxx X. Xxxxxxxx /s/ Xxxxxx X. Xxxxxxx
-------------------------------------- -------------------------------------
Xx. Xxxxxxx Xxxxxxxx Xx. Xxxxxx Xxxxxxx
CFO, Stratus Services Group, Inc. Individual
