Exhibit 10.22
July 21, 2004
VIA FAX: 000-000-0000
----------------------
Tymatt Associates, LLC
0000 Xxxxxxxx, Xxxxx 0000
Xxx Xxxx, XX 00000
Attention: Mr. Xxx Xxxxxx
RE: ARTISAN AGREEMENT AND AMENDMENT DATED 03/02/04;
EXTENSION OF TIME FOR ISSUANCE OF SHARES
----------------------------------------
Dear Xx. Xxxxxx:
Please let this confirm our understanding that you, as Managing Member
of Tymatt Associates, LLC, have agreed to extend the time for Stratus to deliver
payment of the One Million Seven Hundred Fifty Thousand (1,750,000) shares of
Common Stock due within seven (7) days of the Initial Closing per paragraph 3 of
the March 2, 2004 Letter Agreement to a time frame of no later than August 13,
2004.
If the same meets with your approval, kindly sign where indicated below
and return a copy to me.
Very truly yours,
Xxxxxxx Xxxxxxx Xxxxxxx
General Counsel
AGREED TO AND ACCEPTED BY:
-------------------------
TYMATT ASSOCIATES, LLC STRATUS SERVICES GROUP, INC.
By: /s/ Xxx Xxxxxx By: /s/ Xxxxxx X. Xxxxxxx
----------------------------- ------------------------
Xxx Xxxxxx Xxxxxx X. Xxxxxxx
Managing Member Chief Executive Officer
/s/ Xxx Xxxxxx
--------------------------------
Xxx Xxxxxx, Individually
