Private Equity Line of Credit Agreement dated as of September 15, 2000
INTEGRATED SURGICAL SYSTEMS, INC.
0000 Xxxxxxxx Xxxx Xxxxx
Xxxxx, Xxxxxxxxxx 00000-0000
Triton West Group, Inc.
x/x XXX Xxx.
Xxxxxx Xxxxxx, 0xx Xxxxx
P O Box 613 GT
Georgetown, Grand Cayman
Attention: Xxx Xxxxxxx
Private Equity Line of Credit Agreement
dated as of September 15, 2000
Ladies and Gentlemen:
This letter sets forth our agreement to amend the terms of the Private Equity Line of Credit Agreement (the "Purchase Agreement") and Escrow Agreement, each dated as of September 15, 2000, between us as follows(capitalized terms used in this letter without definition shall have the meanings assigned to them in those agreements):
- Section 1.22 of the Purchase Agreement ("Purchase Price") is hereby amended to change the percentage of the Market Price used to calculate the purchase price of the Put Shares from eighty-eight percent (88%) to eighty-five (85%) percent.
- Section 2.1(b) of the Escrow Agreement is hereby amended to provide for the payment to you of an advisory fee of $7,000 at each Closing, which shall be the only cash advisory fees which we are obligated to pay you in connection with the equity line of credit and to delete and eliminate the advisory fees in clause (i) and (ii).
If the foregoing accurately reflects the agreement between us, please sign a copy of this letter in the space for your signature below, and return the same to me, whereupon this letter shall constitute an amendment to the Purchase Agreement and the Escrow Agreement.
Very truly yours,
Xxxxx Xxxxxxxx
Chief Financial Officer
Accepted and agreed to this
____ day of October, 2000.
Triton West Group, Inc.
By:_____________________
Name:
Title:
Xxxxxxx Xxxxxx & Green, P.C. hereby consent to the
foregoing amendment to the
Escrow Agreement as of this
____ day of October 2000.
By:__________________________________
Name:
Title: