Attached files
file | filename |
---|---|
8-K - TRANSWITCH CORP /DE | v178180_8k.htm |
Exhibit
10.1
March 17,
2010
Seaside
88, L.P.
750 Ocean
Royale Way, Suite 805
North
Palm Beach, FL 33408
Re: Common
Stock Purchase Agreement
Gentlemen:
Reference
is hereby made to that certain Common Stock Purchase Agreement (the “Agreement”)
dated as of December 31, 2009 by and between TranSwitch Corporation (the
“Company”) and Seaside 88, L.P. (“Seaside”). Terms used herein and not otherwise
defined shall have the meanings ascribed to them in the Agreement.
Upon
execution and delivery of this letter agreement by the parties hereto, the
Company and Seaside hereby agree to amend the Agreement by deleting Section
5.1(c) of the Agreement in its entirety and inserting the following in its
stead:
“(c) by
the Company, upon at least 10 days’ prior written notice to Seaside, after the
eleventh Subsequent Closing Date;”
In all
other respects, the Agreement is hereby ratified and confirmed.
If the
foregoing reflects your understanding of our agreement, please execute and
return the enclosed copy of this letter, whereupon this letter agreement
amending the Agreement, and the Agreement as so amended, shall be the binding
obligations of the parties.
Very
truly yours,
TRANSWITCH
CORPORTION
By:
__/s/ Robert A.
Bosi____________
Title:
Vice President and Chief Financial Officer
Agreed to
and Accepted
SEASIDE
88, L.P.
By: Seaside
88 Advisors, LLC
By:
__/s/ William J.
Ritger________
Title:
Manager