Letter Agreement for Legal Expense Reimbursement between Synova Healthcare Group, Inc. and Sandell Asset Management Corp. (January 12, 2007)
Synova Healthcare Group, Inc. agrees to reimburse Sandell Asset Management Corp. (Castlerigg Master Investments) for up to $10,000 in actual legal expenses related to a Securities Purchase Agreement dated January 12, 2007. The reimbursement is contingent upon the closing and funding of the financing under that agreement. Payment will be made directly to Sandell or as otherwise directed in writing.
Exhibit 10.7.1
Synova Healthcare Group, Inc.
1400 N. Providence Road
Suite 6010, Building II
Media, PA 19063
January 12, 2007
Sandell Asset Management Corp. (Castlerigg Master Investments)
40 West 57th Street — 26th Floor
New York, NY 10019
Attn: Cem Hacioglu
| Re: | Synova Healthcare Group, Inc. |
Gentlemen:
This letter evidences our agreement that upon closing of, and your funding under, the financing contemplated by that certain Securities Purchase Agreement, dated as of the date hereof, among Synova Healthcare Group, Inc., Synova Healthcare, Inc., Synova Pre-Natal, Inc. and the various investors identified therein, Synova Healthcare Group, Inc. shall reimburse you (or, at your written direction, pay on your behalf) your actual legal expenses incurred in connection with such Securities Purchase Agreement, not to exceed $10,000.
| Very truly yours, | ||
| SYNOVA HEALTHCARE GROUP, INC. | ||
| By: | /s/ Stephen E. King | |
| Stephen E. King, Chairman and CEO | ||
