Consulting Agreement Extension Letter between ATS Medical, Inc. and Manuel A. Villafana

Summary

ATS Medical, Inc. and Manuel A. Villafana have agreed to extend their existing consulting agreement for one more year, through December 31, 2003. The company also reserves the right to renew the agreement each year if both parties agree. This letter serves as formal notice of the extension and outlines the ongoing relationship between the company and Mr. Villafana as a consultant.

EX-10.23 4 c75660exv10w23.txt LETTER AGREEMENT WITH MANUEL A VILLAFANA Exhibit 10.23 [ATS MEDICAL LETTERHEAD] November 1st, 2002 Manuel A. Villafana, Chairman ATS Medical, Inc. 3905 Annapolis Lane Minneapolis, MN 55447 Subject: Consulting Agreement Renewal/Extention Dear Manny; In accordance with the terms of the Consulting Agreement that we have with you, we hereby extend the term for an additional one year thru December 31st, 2003. As always, ATS reserves the right to extend the Agreement on a yearly basis if mutually agreed upon. Sincerely yours, ATS MEDICAL, INC. /s/ Michael D. Dale Michael D. Dale President/CEO