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EXHIBIT 10.4
March 29, 2001
Xx. Xxxx Xxxxxx
KINGSBRIDGE CAPITAL LIMITED
c/o Kingsbridge Corporate Services Limited
Xxxx Xxxxxx
Xxxxxxxxx, Xxxxxx Xxxxxxx
Xxxxxxxx xx Xxxxxxx
Dear Xxxx,
Per our discussion with regards to the Private Equity Line Agreement between
Somanetics Corporation and Kingsbridge Capital Limited, we have agreed to the
following:
Upon receipt of $200,000 from Somanetics Corporation, Kingsbridge Capital agrees
to terminate 1) the Private Equity Line Agreement, 2) the related Registration
Rights Agreement and 3) Kingsbridge's right to the discount on any unsold shares
(as defined in the Agreement).
Xxxx, I appreciate your cooperation in this matter. If you could sign and return
a copy of this letter as acknowledgment of our Agreement for our files, I would
appreciate it. Please fax signed copy to (000) 000-0000.
Warmest regards,
/s/ Xxxxx X. Xxxxxxx
Xxxxx X. Xxxxxxx
President & CEO
Somanetics Corporation
Agreed by:/s/ Xxxx Xxxxxx Date: April 3, 2001
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Cc: Xxxxxx Xxxxxxx, Somanetics' Counsel
Xxxx Xxxxxx, Somanetics' Vice President of Finance
