Ladenburg Letterhead]
[Ladenburg Letterhead]
September 15, 2009
Ladies and Gentlemen:
Reference is made to that certain Underwriting Agreement (the “Underwriting Agreement”), dated
October 10, 2007, by and among SP Acquisition Holdings, Inc. (the “Company”), UBS Securities LLC,
Ladenburg ▇▇▇▇▇▇▇▇ & Co. Inc. (“Ladenburg”) and the other underwriters named in Schedule A attached
thereto.
This letter is intended to serve as formal notice to the Company that Ladenburg has agreed to
reduce the cumulative deferred underwriting commissions and discounts due to it from the Company
from $7,299,708 to $3,649,854.
We respectfully request that you agree to and acknowledge the foregoing by
countersigning a copy of this letter and returning it to the undersigned.
| Very Truly Yours, LADENBURG ▇▇▇▇▇▇▇▇ & CO., INC. |
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| By: | /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇ ▇▇▇▇▇▇ | |||
| Title: | Managing Director | |||