August 21, 2003
Exhibit (b)(10)
August 21, 2003
AHL Services, Inc.
0000 Xxxxxx Xxxxxxxxx
Xxxxx 000
Xxxxxxxxx, Xxxxxxxx 00000
Re: Credit Facility Fee Letter
Ladies and Gentlemen:
This letter agreement (the “Fee Letter”), is by and among AHL SERVICES, INC., a Georgia corporation, XXXXXXXXXXX HOLDINGS LIMITED, a Georgia corporation, XXXXXXXXXXX, INC., a Georgia corporation, SERVICEADVANTAGE CORPORATION, a Delaware corporation (collectively, the “Borrowers”), and XXXXXXX XXXXX CAPITAL, a division of Xxxxxxx Xxxxx Business Financial Services Inc. (“Xxxxxxx Xxxxx”) and relates to the financing described in that certain Credit Agreement of even date herewith (as the same may be amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) by and among Borrowers and Xxxxxxx Xxxxx, in its capacity as agent (in such capacity, “Agent”) and as a Lender. Capitalized terms not defined herein shall have the meaning subscribed to such terms in the Credit Agreement.
This Fee Letter constitutes a Financing Document under the Credit Agreement. The Borrowers agree to pay to Xxxxxxx Xxxxx, individually, the following fee:
(1) on the Closing Date, a non-refundable closing fee of $400,000, which fee shall fully earned, due and payable in cash on the Closing Date.
If the foregoing is in accordance with your understanding, please sign the enclosed copy of this Fee Letter and return it to Xxxxxxx Xxxxx.
XXXXXXX XXXXX CAPITAL, a division of Xxxxxxx Xxxxx Business Financial Services Inc. | ||
By: |
/s/ Xxxxxxx X. Xxxxx | |
Name: |
Xxxxxxx X. Xxxxx | |
Title: |
Director |
Agreed and Accepted this | ||
21st day of August, 2003. | ||
AHL SERVICES, INC., a Georgia corporation | ||
By: |
/s/ A. Xxxxxxx Xxxxxxx | |
Name: |
A. Xxxxxxx Xxxxxxx | |
Title: |
President and Chief Executive Officer | |
XXXXXXXXXXX HOLDINGS LIMITED, a Georgia corporation | ||
By: |
/s/ A. Xxxxxxx Xxxxxxx | |
Name: |
A. Xxxxxxx Xxxxxxx | |
Title: |
President and Chief Executive Officer | |
XXXXXXXXXXX, INC., a Georgia corporation | ||
By: |
/s/ A. Xxxxxxx Xxxxxxx | |
Name: |
A. Xxxxxxx Xxxxxxx | |
Title: |
President | |
SERVICEADVANTAGE CORPORATION, a Delaware corporation | ||
By: |
/s/ A. Xxxxxxx Xxxxxxx | |
Name: |
A. Xxxxxxx Xxxxxxx | |
Title: |
President and Chief Executive Officer |