RE: Technology Acquisition and Funding Agreement
XLR MEDICAL CORP. Suite 3400 Park Place, 000 Xxxxxxx Xxxxxx Xxxxxxxxx, XX X0X 0X0 Xxxxxx |
October 13, 2004
TO: | Exelar Corporation |
AND TO: | Exelar Medical Corporation |
Dear Sirs:
RE: | Technology Acquisition and Funding Agreement |
dated March 22, 2004 (the Agreement") |
This will confirm that in consideration of Exelar Corporation and Exelar Medical Corporation agreeing not to exercise their rights to deliver a Notice of Default under paragraph 12.2 of the Agreement the parties have agreed that the period of 20 days from receipt of notice for the curing of a default under the Agreement shall be reduced to three (3) days.
Please sign where indicated below to confirm our amendment to the terms of the Agreement.
Yours truly,
XLR Medical Corp. (formerly TSI Medical Corp.) | ||
per: | /s/ Xxxxx X. Xxxxxxxx |
Agreed and Accepted this ____ day of October, 2004
Exelar Corporation | ||
per: | /s/ Xxx Xxxxxxx | |
Exelar Medical Corporation | ||
per: | /s/ Xxx Xxxxxxx |