Castlerigg Master Investments Ltd.
Castlerigg
Master Investments Ltd.
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pSivida
Limited
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Re:
Extension
of Dates in Second Amendment Agreement
Reference
is hereby made to that certain Second Amendment Agreement, dated as of December
29, 2006 ("Agreement"),
by
and between pSivida Limited (the "Company")
and
Castlerigg Master Investments Ltd.
Section
2(d) of the Agreement is hereby amended by changing the date in clause (i)
thereof from "5:00 p.m. prevailing Boston, Massachusetts time on Saturday,
March 31, 2007" to "5:00 p.m. prevailing Boston, Massachusetts time on
April 2, 2007". Section 8 of the Agreement is hereby amended by changing
the date therein from "April 2, 2007" to "April 7, 2007".
The
other
terms and conditions in the Agreement shall not be amended hereby and shall
remain in full force and effect.
| Very truly yours, | ||
| CASTLERIGG MASTER INVESTMENTS LTD. | ||
| By: ▇▇▇▇▇▇▇ Asset Management Corp. | ||
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| By: | /s/ ▇▇▇▇▇▇▇ ▇’▇▇▇▇▇ | |
| Name: ▇▇▇▇▇▇▇ ▇’▇▇▇▇▇ | ||
| Title: Chief Financial Officer | ||
Agreed
to and Accepted by:
PSIVIDA
LIMITED
| By: | /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇ | |
| Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇ | ||
| Title: V.P. and CFO |