September 16, 2015 Bernard Hausen, M.D., Ph.D. Cardica, Inc. Redwood City, CA 94063 Dear Bernard:Cardica Inc • November 12th, 2015 • Surgical & medical instruments & apparatus • California
Company FiledNovember 12th, 2015 Industry JurisdictionAs you know, you have announced your intent to retire from Cardica, Inc. (the “Company”). This letter agreement sets forth the substance of the transition and separation agreement (the “Agreement”) that the Company is offering to you in connection with your retirement.