EXHIBIT 10.53
CHARLTON AVENUE LLC
C/O NAVIGATOR MANAGEMENT LTD.
P.O.B. 972
ROAD TOWN
TORTOLA
BRITISH VIRGIN ISL.
VIA FACSIMILE 000-000-0000
Attention: Xxxxx X. Xxxxxx, CEO
Imaging Diagnostic Systems, Inc.
0000 Xxxxxxxxx 00 Xxxxx
Xxxxxxxxxx, Xxxxxxx 00000
Re: Amendment of Private Equity Agreement between Charlton
Avenue LLC and Imaging Diagnostic Systems, Inc. dated
as of May 15, 2002 (the "Agreement")
Dear Xx. Xxxxxx:
This letter confirms our agreement to amend the Agreement as of July
17, 2002, as follows:
1. Section 10.6 of the Agreement is hereby amended to read as
follows:
Section 10.6 TERMINATION. This Agreement shall terminate at
the end of the Commitment Period; provided, however, that the
provisions of Article VI, VIII, and Sections 9.2,10.2, 10.3
and 10.4 shall survive the termination of this Agreement.
2 Except as amended above, the Agreement shall remain in full force
and effect.
Please confirm your agreement to the foregoing by signing in the space
provided below and returning an executed copy to us.
Yours sincerely,
CHARLTON AVENUE LLC
By: /s/ Xxxxxx Xx Xxxxxx
/s/ Xxxxxx Xxxxxx
Navigator Management Ltd., Director
Agreed and accepted this
18th day of July 2002
IMAGING DIAGNOSTIC SYSTEMS, INC.
By: /s/ Xxxxx X. Xxxxxx
Xxxxx X. Xxxxxx, CEO
