EX-10.2
from 8-K
3 pages
The Purpose of This Letter Agreement Is to Set Forth the Terms of an Extension of the Funding Commitment ("Funding Commitment") by Fountainhead Capital Management Limited ("Fhcm") Initially Issued as a Part of a Letter Agreement Between Fhcm, Regent Private Capital and Vycor Medical, Inc. ("Vycor") Dated as of December 29, 2009 (The "Fhcm Letter Agreement"). the Terms of the Funding Commitment as Detailed in the Fhcm Letter Agreement Are Incorporated by Reference Herein. by Its Terms, the Funding Commitment Expired on August 30, 2010. the Parties Now Intend to Extend the Funding Commitment for an Additional 12 Months to August 31, 2011. Extension of Funding Commitment: Fountainhead Shall Extend Its Funding Commitment (To Fund or Procure Funding for Vycor's Operating Expenses) for an Additional 12 Months, Through August 31, 2011 (The "Extended Funding Commitment")
12/34/56