EX-10.1 2 extensionlettergastro.htm DOR EXTENSION LETTER FOR GASTROTECH DOR Extension Letter for Gastrotech
DORBioPharma, Inc.

December 12, 2005

Confidential

Kind Attn: Hans T. Schambye, PhD
Chief Executive Officer

Gastrotech Pharma A/S
Nyhavn 43B
Copenhagen 1051
Denmark

Re: Extension of Letter of Intent between DOR BioPharma, Inc., Gastrotech Pharma A/S and Sellers dated October 28, 2005 (“Letter of Intent”)

Dear Hans:

This letter confirms our mutual agreement as of the date set forth above to extend both the termination date set forth in sub-clause (i) on page 4 of the Letter of Intent and the exclusivity period set forth on page 4 of the Letter of Intent through 11:59 pm (Eastern Standard Time) on January 15, 2006. All other terms of the Letter of Intent shall remain unchanged.

Agreed and Accepted on December 29, 2005
Agreed and Accepted on December 20, 2005
   
   
DOR BIOPHARMA, INC.
GASTROTECH PHARMA A/S
   
By: /s/ Michael Sember
By: /s/ Hans T. Schambye
    Mike Sember
    Hans T. Schambye, PhD
    Chief Executive Officer
    Chief Executive Officer
   
   
 
By: /s/ Olle Isaksson
 
    Olle Isaksson
 
    Chairman of the Board of Directors
   
   
 
NORDIC BIOTECH K/S
   
 
By: /s/ Christian Hansen     /s/ Florian Schonharting
 
    Christian Hansen       Florian Schonharting