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Exhibit 10.43

 
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  December 20, 2007

 

BY E-MAIL

Mr. Doug Adams
Solx Acquisition, Inc.
890 Winter Street, Suite 115
Waltham, MA  02451
U.S.A.

Dear Doug:

Re:           Section 1(d) of the Stock Purchase Agreement

As we agreed on the phone this morning, the business deal between OccuLogix,
Inc. (“OccuLogix”) and Solx Acquisition, Inc. (“Solx Acquisition”) is, and had
always been, that Solx Acquisition would reimburse the payroll liabilities of
Solx, Inc. (“Solx”) during the period between December 1, 2007 and December 31,
2007 (including the costs of providing benefits to the individuals on Solx’s
payroll, consistent with past practice).  It was brought to my attention that
the defined term “December Payroll” in the second paragraph of Section 1(d) the
Stock Purchase Agreement, dated as of December 19, 2007, between OccuLogix and
Solx Acquisition, Inc. (the “Stock Purchase Agreement”) refers to the period
between the Closing Date and December 31, 2007.

In order to avoid confusion in the future regarding this point, I would
appreciate it if you would confirm our mutual understanding that Solx
Acquisition will reimburse Solx’s payroll liabilities during the period between
December 1, 2007 (as opposed to the Closing Date) and December 31, 2007
(including the costs of providing benefits to the individuals on Solx’s payroll,
consistent with past practice) on or prior to January 15, 2008 and that the
defined term “December Payroll” in the Stock Purchase Agreement should be read
accordingly.

Please indicate your acknowledgement by signing this letter, in the appropriate
signature block below, and returning a signed copy to me.
 

 
Sincerely,
         
“Bill Dumencu”
     
Bill Dumencu
 
Chief Financial Officer & Treasurer

 
 
OccuLogix, Inc.
International Corporate Office: 2600 Skymark Ave., Bldg. 9, Ste. 201,
Mississauga, Ontario  Canada L4W 5B2
 T 905 602-0887 F  905 602-7623
U.S. Corporate Office:  890 Winter Street, Suite 115, Waltham,
Massachusetts   02451   T 781 547-4050     F 781 547-4099

www.occulogix.com

 
 

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ACKNOWLEDGED AND AGREED TO
this 20th day of December, 2007
 
SOLX ACQUISITION, INC.
 
 
By:
“Doug P. Adams”
   
Name:   
Doug P. Adams
   
Title:
President
 

 
 
 
 
 
OccuLogix, Inc.
International Corporate Office: 2600 Skymark Ave., Bldg. 9, Ste. 201,
Mississauga, Ontario  Canada L4W 5B2
 T 905 602-0887 F  905 602-7623
U.S. Corporate Office:  890 Winter Street, Suite 115, Waltham,
Massachusetts   02451   T 781 547-4050     F 781 547-4099

www.occulogix.com
 
 

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