Termination Agreement between Somanetics Corporation and Kingsbridge Capital Limited
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Summary
Somanetics Corporation and Kingsbridge Capital Limited have agreed to terminate their Private Equity Line Agreement, the related Registration Rights Agreement, and Kingsbridge's right to a discount on unsold shares. In exchange, Somanetics will pay Kingsbridge $200,000. This agreement is effective upon receipt of payment and is confirmed by both parties' signatures.
EX-10.4 5 k61663ex10-4.txt TERMINATION AGREEMENT W/ KINGSBRIDGE CAPITAL LTD. 1 EXHIBIT 10.4 March 29, 2001 Mr. Adam Gurney KINGSBRIDGE CAPITAL LIMITED c/o Kingsbridge Corporate Services Limited Main Street Kilcullen, County Kildare Republic of Ireland Dear Adam, Per our discussion with regards to the Private Equity Line Agreement between Somanetics Corporation and Kingsbridge Capital Limited, we have agreed to the following: Upon receipt of $200,000 from Somanetics Corporation, Kingsbridge Capital agrees to terminate 1) the Private Equity Line Agreement, 2) the related Registration Rights Agreement and 3) Kingsbridge's right to the discount on any unsold shares (as defined in the Agreement). Adam, I appreciate your cooperation in this matter. If you could sign and return a copy of this letter as acknowledgment of our Agreement for our files, I would appreciate it. Please fax signed copy to ###-###-####. Warmest regards, /s/ Bruce J. Barrett Bruce J. Barrett President & CEO Somanetics Corporation Agreed by:/s/ Adam Gurney Date: April 3, 2001 ---------------------------- ------------- Cc: Robert Krueger, Somanetics' Counsel Bill Iacona, Somanetics' Vice President of Finance
