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