EXHIBIT-99.08
July 21, 1999
ST Acquisition Corp.
Senior Secured Credit Facilities
and Senior Backstop Credit Facility
Letter Agreement
ST Acquisition Corp.
c/o CIBC World Markets Corp.
000 Xxxxxxxxx Xxxxxx
0xx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attention: Xxxxxxxx Xxxxxxx
Ladies and Gentlemen:
Reference is made to the Senior Secured Credit Facilities
Commitment Letter dated May 22, 1999 among CIBC World Markets Corp., Canadian
Imperial Bank of Commerce, The Chase Manhattan Bank, Chase Securities Inc. and
ST Acquisition Corp and to the Senior Backstop Credit Facility Commitment Letter
dated May 22, 1999 among CIBC World Markets Corp., Canadian Imperial Bank of
Commerce, The Chase Manhattan Bank, Chase Securities Inc. and ST Acquisition
Corp. The parties hereto agree that clause (d) of the eighth paragraph of each
of the aforementioned commitment letters shall be amended to read as follows:
"(d) the negotiation, execution and delivery on or before the date
which is 120 days after the date of your acceptance of this Commitment
Letter of definitive documentation with respect to the Facilities
satisfactory to CIBC, CIBC World Markets, Chase, CSI and their counsel
and"
The parties hereto have caused this Letter Agreement to be duly
executed and delivered by their proper and duly authorized officers as of the
day and year first above written.
CIBC WORLD MARKETS CORP.
/s/ Xxxx Xxxxx
------------------------------------
By: Xxxx Xxxxx
Title: Executive Director
CANADIAN IMPERIAL BANK OF COMMERCE
/s/ Xxxx Xxxxx
------------------------------------
By: Xxxx Xxxxx
Title: Executive Director
THE CHASE MANHATTAN BANK
/s/ Xxxxxx Xxxxx
------------------------------------
By: Xxxxxx Xxxxx
Title: Vice President
CHASE SECURITIES INC.
/s/ Xxx Xxxxxxxx
------------------------------------
By: Xxx Xxxxxxxx
Title: Managing Director
AGREED TO AND ACCEPTED:
ST ACQUISITION CORP.
/s/ Xxxxxxxx Xxxxxxx
----------------------------------
By: Xxxxxxxx Xxxxxxx
Title: Vice President, Treasurer
and Secretary
