EXHIBIT 10.22
April 5, 2004
Xx. Xxxxxx X. Xxxxxxx, Xx.
Xxxxxxxxx Xxxxxxx, Ph.D.
00 Xxxxxxxxx Xxxx
Xxxxxxx, Xxxxxxxxxxxxx 00000
Dear Dr. and Xx. Xxxxxxx:
As you know, Color Kinetics Incorporated (the "Company") entered into a
letter agreement with you, dated December 14, 2001 (the "Letter Agreement") in
connection with the Series E Convertible Preferred Stock financing of the
Company. In the Letter Agreement, the Company agreed to use its best efforts
after the closing of the Series E Financing to secure the election as a director
of one person nominated by you and mutually agreed upon by the Company and the
Company's Board of Directors. At the time of the Letter Agreement it was the
intention of the Company and you that the Company's obligations under the Letter
Agreement would bind the Company only during the period prior to the initial
public offering of the Company's capital stock. In order to make this
understanding explicit, please sign in the space provided below to indicate your
agreement with the Company that the Letter Agreement shall terminate, and be of
no further force or effect, upon the closing of the Company's first public
offering of its capital stock pursuant to an effective registration statement
under the Securities Act of 1933, as amended.
Thank you in advance for your prompt attention to this matter.
/s/ Xxxxxxxxx Xxxxxxx Color Kinetics Incorporated
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Xxxxxxxxx Xxxxxxx
By:/s/Xxxxxx Xxxxxxx
/s/Xxxxxx Xxxxxxx -----------------
----------------- Xxxxxx Xxxxxxx
Xxxxxx Xxxxxxx Chief Executive Officer
