EXHIBIT 10.1
AMENDMENT NO. 1
TO SHARE PURCHASE WARRANT
This Amendment No. 1, dated as of February 13, 2001 (the "Amendment"), to
Share Purchase Warrant, dated July 1, 1998, (the "Warrant"), is entered into by
and between NMT Medical, Inc. (f/k/a Nitinol Medical Technologies, Inc.), a
Delaware corporation (the "Company"), and Xxxxxxxx Xxxxxx, Inc., a Massachusetts
corporation (the "Holder").
RECITALS
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WHEREAS, the Company and the Holder are parties to the Share Purchase
Warrant, dated July 1, 1998, pursuant to which the Holder is entitled to
subscribe for and purchase from the Company, upon the terms and conditions set
forth therein, at any time or from time to time until 5:00 p.m. New York City
time on February 14, 2001 (the "Expiration Date") all or any portion of 83,329
shares of common stock of the Company, par value $0.001 per share, subject to
adjustment as provided therein, at a price of $1.13 per share, subject to
adjustment as provided therein;
WHEREAS, in consideration of certain services to be provided by the Holder
to the Company, the Company and the Holder wish to amend the Warrant to extend
the Expiration Date of the Warrant to February 14, 2003, and the Board of
Directors of the Company unanimously approved such an amendment on February 13,
2001;
NOW, THEREFORE, in consideration of the mutual covenants contained herein
and for other valuable consideration, receipt of which is hereby acknowledged,
the parties hereto agree as follows:
1. Amendment to Expiration Date. The introductory paragraph of the
Warrant, beginning with "THIS CERTIFIES," and concluding with "has been
transferred" is amended to be deleted in its entirety and replaced with the
following:
"THIS CERTIFIES that, for good and valuable consideration received,
Xxxxxxxx Xxxxxx, Inc. (the "Holder") is entitled to subscribe for and
purchase from NMT Medical, Inc. (f/k/a Nitinol Medical Technologies, Inc.),
a Delaware corporation (the "Company"), upon the terms and conditions set
forth herein, at any time or from time to time until 5:00 P.M. New York
City time on February 14, 2003 (the "Expiration Date"), all or any portion
of 83,329 Shares of common stock of the Company, par value $0.001 per
share, subject to adjustment as provided herein (the "Warrant Shares"), at
an exercise price of $1.13 per share, subject to adjustment as provided
herein (the "Exercise Price"). This Warrant shall not be redeemable by the
Company. The term "Shares" as used herein shall mean the Company's Shares
of Common Stock, par value $0.001 per share. This Warrant may be sold,
transferred, assigned or hypothecated at any time and the term the "Holder"
as used herein shall include any transferee to whom this Warrant has been
transferred."
2. Remaining Agreement. Except as amended hereby, the Warrant shall remain
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in full force and effect in all respects.
3. Counterparts; Effectiveness. This Amendment may be signed in any number
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of counterparts, all of which taken together shall constitute one agreement, and
any of the parties hereto may execute this Amendment by signing any such
counterpart.
4. Governing Law. This Amendment shall be governed by and construed and
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enforced in accordance with the laws of the State of Delaware without giving
effect to the principles of conflicts of laws thereof.
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IN WITNESS WHEREOF, in accordance with Section 17 of the Warrant, the
parties hereto have executed this Amendment as an instrument under seal by their
duly authorized officers as of the date first written above.
NMT MEDICAL, INC.
By: /s/ Xxxx X. Xxxxx
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Xxxx X. Xxxxx
President and Chief Executive Officer
XXXXXXXX XXXXXX, INC.
By: /s/ R. Xxxx Xxxxxxxx
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R. Xxxx Xxxxxxxx
Chief Executive Officer
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