EX-4
from SC 13D
1 page
Epl Technologies, Inc. Two International Plaza, Suite 245 Philadelphia, Pennsylvania 19113-1507 as of December 3, 1999 Joseph Giamanco C/O G.H.M. Inc., 74 Trinity Place New York, Ny 10006 G.H.M. Inc., 74 Trinity Place New York, Ny 10006 Attention: Joseph Giamanco Re: Letter of Understanding Among G.H.M., Joseph Giamanco, and Epl Technologies, Inc. Notwithstanding Any Other Provision of Those Certain Subscription Agreements, Dated as of December 3, 1999, Between Joseph Giamanco and Epl Technologies, Inc., and Between G.H.M. Inc., and Epl Technologies, Inc., G.H.M.'S and Mr. Giamanco's Respective Obligations to Consummate the Transactions Contemplated Thereby Are Subject to Epl Technologies' Satisfaction of Those Additional Conditions Which the Parties Have Discussed. It Is Our Anticipation That Such Conditions Shall Be Satisfied on December 9, 1999. Per Our Understanding, the Funds Transferred to US Pursuant to the Subscription Agreements Will Be Held by US Pending Satisfaction of Such Conditions. Your Countersignature Below Will Indicate Your Acknowledgment of the Foregoing. Sincerely, Epl Technologies, Inc. By: /S/ Paul L. Devine Name: Paul L. Devine Title: President and CEO /S/ Joseph Giamanco - Joseph Giamanco G.H.M. Inc. By: /S/ Joseph Giamanco Joseph Giamanco President
12/34/56
