Amendment to the Exclusivity Agreement
Becton, Xxxxxxxxx and Company
0 Xxxxxx Xxxxx
Xxxxxxxx Xxxxx, Xxx Xxxxxx 00000
September 1, 2006
TriPath Imaging, Inc.
000 Xxxxxxxxxx Xxxxx,
Xxxxxxxxxx, XX 00000
Attention: Xxxx X. Xxxxxx, M.D.
Chief Executive Officer
Ladies and Gentlemen:
Reference is made to the letter agreement, dated August 16, 2006 (the
"Original Agreement") between Becton, Xxxxxxxxx and Company ("BD") and TriPath
Imaging, Inc. (the "Company") and the amendment thereof dated August 24, 2006.
In light of the ongoing negotiations regarding a possible business combination
transaction involving BD and the Company (the "Transaction"), BD and the
Company hereby agree that the Termination Date, as defined in the Original
Agreement, shall be further revised and extended to 11:59 p.m. (New York City
time) on September 8, 2006. The Original Agreement shall remain in full force
and effect except for such revision and extension of the Termination Date.
If the foregoing is acceptable and agreed to by you, please sign on
the line provided below to signify such acceptance and agreement. This letter
agreement may be executed in counterparts and shall be governed by the
internal laws of the State of Delaware.
Sincerely,
Becton, Xxxxxxxxx and Company
By: /s/ Xxxxxxx X. Xxxxxxxx
--------------------------------
Name: Xxxxxxx X. Xxxxxxxx
Title: Executive Vice President
Accepted and agreed as of
the date first written above:
TriPath Imaging, Inc.
By: /s/ Xxxxxxx X. Xxxx
--------------------------------
Name: Xxxxxxx X. Xxxx
Title: Chief Financial Officer
