Cambridge Heart, Inc. 1 Oak Park Drive Bedford, MA 01730 February 22, 2007
Exhibit 10.20
Cambridge Heart, Inc.
1 Oak Park Drive
Bedford, MA 01730
February 22, 2007
Roderick de Greef
7 Searles Road
Salem, NH 03087
Dear Rod:
This letter amends the letter agreement between you and the Cambridge Heart, Inc. (the Company) dated December 12, 2006 (the Agreement), which was made to help assure a continuing dedication by you to your duties as Chief Financial Officer of the Company, as those duties are set forth therein. Provisions of the Agreement not expressly amended herein remain unchanged as a result of this amendment.
1. Paragraph 1(a)(iii) is hereby amended by adding the following immediately prior to the last sentence thereof:
(iii) In the event that you elect to terminate your employment after June 30, 2007 but prior to October 3, 2007, an additional 20,833 of the 2005 Options shall become exercisable immediately. In the event that you elect to terminate your employment after June 30, 2007 but prior to June 1, 2008, an additional 4,167 of the 2006 Options shall become exercisable immediately.
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If the foregoing is in accordance with your understanding, please sign and return the enclosed copy of this letter, whereupon this letter and such copy will constitute a binding amendment under seal to the Agreement between the Company and you on the basis set forth above.
Very truly yours,
CAMBRIDGE HEART, INC.
By: /s/ Robert P. Khederian
Name: Robert P. Khederian
Title: Chairman of the Board
Acknowledged and agreed to this
22nd day of February 2007:
/s/ Roderick de Greef
Roderick de Greef
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