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Exhibit 2.9
SAHYOUN HOLDINGS LLC
4 WHITE HOUSE WAY
MONROE, NJ 08831
April 15, 2002
Mr. Joseph Raymond, CEO
Stratus Services Group, Inc.
500 Craig Road
Manalapan, NJ
Subject: Letter Agreement
Dear Joe:
This letter shall serve to document our agreement regarding a change in the
Allocation Agreement between Stratus Services Group, Inc., Sahyoun Holdings,
and myself, Charles Sahyoun. Due to Stratus's current need for capital,
Sahyoun 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 Sahyoun 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, Joseph Raymond, 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/ Charles Sahyoun
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Charles Sahyoun
President, Sahyoun Holdings, LLC
/s/ Joseph J. Raymond
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Mr. Joseph Raymond
CEO, Stratus Services Group, Inc.
/s/ Michael A. Maltzman /s/ Joseph J. Raymond
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Mr. Michael Maltzman Mr. Joseph Raymond
CFO, Stratus Services Group, Inc. Individual