EX-10
from 8-K
1 page
July 5, 2001 Richard Babcock, First Vice President Bank One, Na Managed Assets Department 1 Bank One Plaza 17th Floor/Il 1-0631 Chicago, Illinois 60670 Scott Manookin, Vice President Wells Fargo Bank Northwest, N.A. Loan Adjustment Group 79 South Main, 8th Floor Salt Lake City, Utah 84111 Ladies and Gentlemen: Reference Is Made to the Third Amendment to Amended Credit Agreement Dated June 29, 2001 (The "Third Amendment"). This Letter Will Serve to Confirm Our Agreement That, Due to a Delay in Executing the Third Amendment, the Payment by the Borrower as Described in Section 1 of the Third Amendment Shall Occur on July 5, 2001. the Borrower and Each of the Guarantors Shall Not Be in Default of the Credit Agreement or the Third Amendment, Including Any Default With Respect to the Aggregate Commitment Limit or the Total Indebtedness/Adjusted EBITDA Ratio, as a Result of Such Payment Extending Beyond June 30, 2001, Provided That the Borrower and the Guarantors Are Otherwise in Compliance With Those Provisions After Taking Into Account the July 5, 2001 Payment. Sincerely, Sos Staffing Services, Inc. By:/S/ Kevin Hardy Kevin Hardy Chief Financial Officer <page> Agreed To: Bank One, Na Wells Fargo Bank Northwest, N.A. By: /S/ Richard Babcock By: /S/ Scott Manookin Its:first Vice President Its: Vice President
12/34/56