Option Termination Consent Letter between Synovis Life Technologies, Inc. and Option Holder

Summary

This letter agreement is between Synovis Life Technologies, Inc. and an option holder. It confirms the termination, effective September 30, 2005, of the option holder’s right to purchase 9,000 shares of company stock that would have vested on December 1, 2007. The remaining options granted on December 1, 2004, totaling 18,000 shares vesting in 2005 and 2006, are unaffected. The option holder must sign the letter to consent to this termination. No additional compensation is provided for the terminated options.

EX-10.21 5 c01120exv10w21.txt FORM OF OPINION AMENDMENT EXHIBIT 10.21 September 30, 2005 Name Address Dear Sir/Madam, As has been previously discussed with you and approved by the board of directors of Synovis Life Technologies, Inc. (the "Company"), that portion of your options granted on December 1, 2004 to purchase 9,000 shares of Company common stock, which would otherwise have vested on December 1, 2007, will be terminated, without further consideration to you, effective September 30, 2005 The balance of your options granted on December 1, 2004 to purchase 18,000 shares of the Company stock, 9,000 of which vest on December 1, 2005 and 9,000 of which vest on December 1, 2006, are not effected by this action. Please sign this letter below to document your consent to the termination of these options. Should you have further questions, feel free to contact me. Sincerely, Brett Reynolds VP of Finance and Chief Financial Officer Synovis Life Technologies, Inc. I hereby consent to the termination of options to purchase 9,000 shares of Synovis Life Techonologies, Inc. common stock that were granted to me on December 1, 2004 and were scheduled to vest on December 1, 2007. Signature: ________________________________________ Name Date: ____________________