November 16, 2016 Arthur Levine Sensus Healthcare, Inc. Chief Financial Officer
Exhibit 10.15
November 16, 2016
Xxxxxx Xxxxxx
Chief Financial Officer
000 Xxxxxx Xxxxx Xxxxxxx XX Xxxxx 000
Boca Raton, FL 33487
Dear Xxxxxx,
This letter is in reference to our letter agreement with you, dated July 30, 2015 (the “Original Letter”). In the Original Letter, each of Xxxxxx X. Xxxxxxx, Xxxxxxx Xxxxx, Xxxxxxx Xxxxx, Xxxxxx Xxxxxxx, and Xxxxxxx Xxxxxx individually agreed that (1) the predecessor of Sensus Healthcare, Inc. (the “Company”) would redeem a portion of his equity interest in the Company and (2) the Company would grant you an award for the aggregate of the equity interests so redeemed (the “Equity Grant”).
As you will recall, the Equity Grant was to vest only upon a Liquidity Event. For adequate consideration, the receipt of which is hereby acknowledged by each of the undersigned individuals, the definition of Liquidity Event is amended to mean the date the first of the following occurs (i) the sale of more than 50% of the outstanding equity interests in the Company; or (ii) the expiration of a lock-up period following an IPO, but in no event shall the Liquidity Event occur earlier than January 31, 2017. All other terms of the Original Letter remain the same.
Sincerely,
“Contributing Members”:
| /s/ Xxxxxx X. Xxxxxxx | /s/ Xxxxxx Xxxxxxx | |
| /s/ Xxxxxxx Xxxxx | /s/ Xxxxxxx Xxxxxx | |
| /s/ Xxxxxxx Xxxxx |
| Acknowledged and Agreed: | ||
| /s/ Xxxxxx Xxxxxx |
| Accepted and Agreed: | ||
| SENSUS HEALTHCARE, INC. | ||
| /s/ Xxxxxx X. Xxxxxxx | ||
| President and CEO |
