EXHIBIT 10(CC)
--------------
PHASE III MEDICAL, INC.
000 Xxxxx Xxxxxxx Xxxx
Xxxxx 000
Xxxxxxxx, Xxx Xxxx 00000
631. 574.4955
January 30, 2006
Xx. Xxxxxxxxx X. Xxxxx 000 Xxxx 00xx Xxxxxx
Xxxxxxxxx #00X
Xxx Xxxx, Xxx Xxxx 00000
Dear Xxxxxxxxx:
Reference is made to that certain letter agreement (the "Agreement") dated
as of April 20, 2005 and entered into between you and Phase III Medical, Inc.
(the "Company") pursuant to which you agreed to serve as the Executive Vice
President and General Counsel of the Company.
The Agreement is hereby amended to provide that in the event severance
payments are payable to you pursuant to the Agreement, the amount of such
severance payments shall equal one year's salary and shall be payable to you
subject to your providing to the Company a release in customary form, releasing
the Company and its officers and directors from claims against them.
Except for the foregoing, the Agreement shall remain unchanged.
For our records, I would appreciate your countersigning the attached copy
of this Letter Agreement and returning the same to me at your earliest
convenience.
Sincerely,
PHASE III MEDICAL, INC.
By: /s/ Xxxx Xxxxxxx
-------------------------------
Xxxx Xxxxxxx, President & CEO
Accepted and agreed to:
/s/ Xxxxxxxxx X. Xxxxx
----------------------
Xxxxxxxxx X. Xxxxx
