Date: As of January 25, 2012
Exhibit 10.5(iii)
Date: As of January 25, 2012
Signature Bank
000 Xxxxxxx Xxxxxx
Xxx Xxxx, XX 00000
Attention: Xxxxx Xxxxxx, Group Director and Vice President
Re: Escrow Account No. 1501725427
Dear Xx. Xxxxxx:
In accordance with the terms of Section 2(b) of an Escrow Deposit Agreement dated December 1, 2011 by and among ORGANOVO, INC. (the “Company”), XXXXXXX XXXXX VENTURES, INC. (“Xxxxxxx Xxxxx”) and SIGNATURE BANK (the “Escrow Agent”), and that certain Joinder Agreement dated January 23, 2012, by an among the Company, Xxxxxxx Xxxxx and ORGANOVO HOLDINGS, INC. (“Pubco”), the Company, Pubco and Xxxxxxx Xxxxx hereby notify the Escrow Agent that the Termination Date has been extended to March 30, 2012, the Final Termination Date.
Very truly yours,
ORGANOVO, INC.
By: /s/ Xxxxx Xxxxxx
Name: Xxxxx Xxxxxx
Title: Chief Executive Officer
By: /s/ Xxxxxxx Xxxxx
Name: Xxxxxxx Xxxxx
Title: President & CEO
XXXXXXX XXXXX VENTURES, INC.
By: /s/ Xxxx Xxxxxxxxxxx
Name: Xxxx Xxxxxxxxxxx
Title: President
