AMENDMENT TO LETTER AGREEMENT
Exhibit 10.4
AMENDMENT TO LETTER AGREEMENT
Reference is made to that certain letter agreement dated as of October 13, 2009 (the
“Letter Agreement”) by and among Xxxxxx Xxxxxxxxx Capital Partners, Inc.
(“LLCP”), Xxxx Xxxxxxx, Meruelo Enterprises, Inc., the Xxxx Xxxxxxx Living Trust
and Xxxx Xxxxxx. Capitalized terms used but not defined herein shall have the meanings
assigned to such terms in the Letter Agreement.
The parties to the Letter Agreement have determined that it is necessary to amend
Section 12 of the Letter Agreement to provide that:
The date that either Xxxx Xxxxxxx (on behalf of the Meruelo Parties) or LLCP may
terminate the Letter Agreement (but with respect to the Meruelo Parties, not
their obligations under Sections 4 through 15, each of which shall survive any
termination of the Letter Agreement) upon written notice to such other party is
extended from December 30, 2009 to March 31, 2010 (the “Outside Termination
Date”), provided however, if a merger agreement is entered
into with the Company with respect to the transactions contemplated by the
Letter Agreement, the Outside Termination Date shall mean the earlier of the
date that such merger is consummated or the date on which such merger agreement
is terminated by mutual agreement of the parties thereto or in accordance with
its terms.
The parties hereto have executed this Amendment to the Letter Agreement on this
23rd day of December, 2009.
[Signature page follows]
LLCP Xxxxxx Xxxxxxxxx Capital Partners, Inc. |
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By: | /s/ Xxxxxx X. Xxxxxxxxx | |||
Xxxxxx X. Xxxxxxxxx, Chief Executive Officer | ||||
MERUELO PARTIES Xxxx Xxxxxxx |
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/s/ Xxxx Xxxxxxx | ||||
Meruelo Enterprises, Inc. |
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By: | /s/ Xxxx Xxxxxxx | |||
Name: | Xxxx Xxxxxxx | |||
Title: | President | |||
Xxxx Xxxxxxx Living Trust |
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By: | /s/ Xxxx Xxxxxxx | |||
Name: | Xxxx Xxxxxxx | |||
Title: | Trustee | |||
Xxxx Xxxxxx |
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/s/ Xxxx Xxxxxx | ||||