6295 Northam Drive, Unit 8 Mississauga, Ontario L4V 1W8 T: 905 ###-###-#### " F ###-###-####
EX-10.1 2 v206332_ex10-1.htm Unassociated Document
EXHIBIT 10.1
6295 Northam Drive, Unit 8 Mississauga, Ontario L4V 1W8 T: 905 ###-###-#### • F: 905 ###-###-#### |
December 21, 2010
Chandra Panchal
303 Baffin, Dollard Des-Ormeaux
Quebec H9A 3G4 Canada
Re: | Lock-Up Agreement Dated March 23, 2010 between CardioGenics Holdings Inc. and Chandra Panchal (the “Lock-up Agreement”) |
Dear Chandra:
This will confirm our understanding that the Lock-Up Agreement, pursuant to which you agreed to lock-up 125,742 shares of CardioGenics common stock held by you in accordance with the terms of the Lock-Up Agreement, is hereby terminated as of the date of this letter.
If the foregoing accurately reflects our understanding regarding the termination of the Lock-Up Agreement, please indicate your agreement and acceptance by signing in the space provided below and returning the signed copy of this letter to me.
Very truly yours, | |||||
CARDIOGENICS HOLDINGS INC. | |||||
By: | /s/ Yahia Gawad | | |||
Name: Yahia Gawad | | ||||
Title: Chief Executive Officer | | ||||
Date: December 21, 2010 |
AGREED AND ACCEPTED: | |||||
By: | /s/ Chandra Panchal | | |||
Chandra Panchal | | ||||
Date: December 21, 2010 | |