September 29, 2010 Vycor Medical, Inc. 80 Orville Drive, Suite 100 Bohemia, New York 11716Extension of Funding Commitment • October 5th, 2010 • Vycor Medical Inc • Surgical & medical instruments & apparatus
The purpose of this letter agreement is to set forth the terms of an extension of the funding commitment ("Funding Commitment") by Fountainhead Capital Management Limited ("FHCM") initially issued as a part of a Letter Agreement between FHCM, Regent Private Capital and Vycor Medical, Inc. ("Vycor") dated as of December 29, 2009 (the "FHCM Letter Agreement"). The terms of the Funding Commitment as detailed in the FHCM Letter Agreement are incorporated by reference herein. By its terms, the Funding Commitment expired on August 30, 2010. The parties now intend to extend the Funding Commitment for an additional 12 months to August 31, 2011.
