Re: Termination of Credit Agreement and Cancellation and Termination of Note and Security Agreement.

Termination Agreement

You are currently viewing:

This Termination Agreement involves

PROLOR BIOTECH, INC.

. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here.

Title: Re: Termination of Credit Agreement and Cancellation and Termination of Note and Security Agreement.
Governing Law: Florida Date: 7/24/2009
Industry: Biotechnology and Drugs Sector: Healthcare

Re:
Termination of Credit Agreement and Cancellation and Termination of Note and Security Agreement., Parties: prolor biotech inc.

July 22, 2009

The Frost Group, LLC

4400 Biscayne Boulevard

Suite 1500

Miami, Florida 33137

PROLOR Biotech, Inc.

3 Sapir Street

Weizmann Science Park

Nes-Ziona, Israel 74140

Re:

Termination of Credit Agreement and Cancellation and Termination of Note and Security Agreement.

Ladies and Gentlemen:

Reference is made to (i) that certain Credit Agreement, dated as of March 25, 2008 (the “ Credit Agreement ”), by and between Modigene Inc., a Nevada corporation (n/k/a PROLOR Biotech, Inc., the “ Company ”), and The Frost Group, LLC, a Florida limited liability company (the “ Frost Group ”), (ii) and that certain Note and Security Agreement, dated as of March 25, 2008 (the “ Note and Security Agreement ”), by and between the Company and the Frost Group.

Upon execution of this letter agreement (this “ Agreement ”), the undersigned, intending to be legally bound hereby, agree as follows:

SITE SEARCH

AGREEMENTS / CONTRACTS

CLAUSES

Search Contract Clauses >>

Browse Contract Clause Library>>

Get Email Updates