Exhibit (d)(12)
Universal | Hospital | Services™ |
| Corporate Office |
January 27, 2011
Board of Directors
c/o Bruce Haber, Chairman and CEO
Emergent Group, Inc.
10939 Pendleton Street
Sun Valley, CA 91352
Gentlemen:
This letter confirms our mutual agreement to amend that certain letter agreement (the “Letter Agreement”) dated December 22, 2010, by and between Emergent Group, Inc. (the “Company”) and Universal Hospital Services, Inc. (“Buyer”), as follows:
Paragraph 4 of the Letter Agreement is amended in its entirety as follows:
“4. Termination. This letter agreement may be terminated (i) by the Company or Buyer (in writing), if on or prior to February 9, 2011, the Company and Buyer have failed to enter into a definitive agreement or (ii) automatically upon the execution of a definitive agreement. The provisions of Paragraphs 5 and 6 shall survive any termination of this letter agreement pursuant to clause (i) of this Paragraph 4.”
Except as specifically modified hereby, the Letter Agreement shall continue in full force and effect.
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Please sign below to acknowledge acceptance by the Company of the amendment to the Letter Agreement as set forth above.
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| Very truly yours, | ||
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| Universal Hospital Services, Inc. | ||
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| By: | /s/ Timothy W. Kuck | |
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| Timothy W. Kuck | |
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| Executive Vice President | |
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Accepted and agreed to as of the date first above written: |
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Emergent Group, Inc. |
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By: | /s/ Bruce J. Haber |
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| Bruce J. Haber |
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| Chairman and |
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| Chief Executive Officer |
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