ROCKWELL MEDICAL TECHNOLOGIES, INC.
28025 OAKLAND OAKS
WIXOM, MICHIGAN 48393
November 21, 1997
Rockwell Medical Supplies, LLC
Rockwell Transportation, LLC
T.K. Investment Company
Chilakapti Family Limited Partnership
Thavarajah Family Limited Partnership
Vijay Kumar Chilakapti, M.D.
Krishnapillai Thavarajah, M.D.
Robert L. Chioini
c/o Schwartz Law Firm
37887 W. Twelve Mile Road, Suite A
Farmington Hills, Michigan 48331
Reference is made to that certain Asset Purchase Agreement, dated as of November 1, 1996, as amended (as
amended, the "Asset Purchase Agreement"), by and among Rockwell Medical Technologies, Inc., a Michigan
corporation, and the various addressees of this letter agreement. Capitalized terms used in this letter agreement
and not otherwise defined shall have the meanings set forth in the Asset Purchase Agreement.
This letter is to confirm the agreement that the parties to the Asset Purchase Agreement have reached with
respect to (i) the amount of reduction in the Purchase Price pursuant to Section 1.2.3 of the Asset Purchase
(ii) the payment of such reduction amount, and (iii) certain other matters relating thereto.
The parties have agreed that Buyer is entitled to a reduction in the Purchase Price of $320,749 (the "Adjustment
Amount") to reflect the difference between the amount of the Interim Net Worth and the actual net worth of
Sellers at the Closing which the parties have determined was $192,218. On July 16, 1997 pursuant to an
agreement of the parties, Buyer issued 1,416,664 shares of Series A Preferred Stock, par value $1.00,
represented by Certificate No. P-1, in exchange for the cancellation of the promissory note dated February 19,
1997, made by Buyer in favor of the Supply Company. The Sellers have agreed that 320,749 shares of the
1,416,664 shares of Series A Preferred Stock of Buyer that were issued to the Supply Company will be
cancelled as payment of the Adjustment Amount. Buyer will not have any li