Letter Agreement Waiving Registration Rights Between Actinium Pharmaceuticals, Inc. and Actinium Holdings Limited (2011)

Contract Categories: Business Finance › Waiver Agreements
Summary

This agreement is between Actinium Pharmaceuticals, Inc. and Actinium Holdings Limited. Actinium Holdings Limited agrees to waive its rights under a previous Registration Rights Agreement, meaning it will not exercise certain rights related to registering shares. This waiver is given to help facilitate the sale of new Series E Convertible Preferred Stock by Actinium Pharmaceuticals. The waiver applies to all rights under specific articles of the original agreement and is intended to support the company's new stock sale.

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EX-10.29 28 f8k122812a1ex10xxix_cactus.htm LETTER AGREEMENT, DATED __, 2011, BETWEEN ACTINIUM PHARMACEUTICALS, INC. AND ACTINIUM HOLDINGS LIMITED (WAIVER OF REGISTRATION RIGHTS). f8k122812a1ex10xxix_cactus.htm
Exhibit 10.29
 
             , 2011
 
Actinium Pharmaceuticals, Inc.
 
Attention: Dragan Cicic, M.D.
By Fax transmission to ###-###-####
 
Re:           Waiver of Registration Rights
 
Gentlemen:
 
Reference is made to that certain Registration Rights Agreement by and among Actinium Pharmaceuticals, Inc. (the “Company”), Actinium Pharmaceuticals, Ltd., Actinium Holdings Limited (“AHL” and formerly named General Atlantic Investments Limited) and certain stockholders of the Company, dated June 30, 2000 (the “Rights Agreement”). Capitalized terms used and not otherwise defined herein shall have the meanings ascribed to such terms in the Rights Agreement. The Company intends to sell up to 26,568,266 shares of Series E Convertible Preferred Stock (the “New Securities”) pursuant to a draft Series E Preferred Stock Purchase Agreement (the “Purchase Agreement”) by and among the Company and the Purchasers identified on Exhibit A thereto (the “Sale”).
 
Waiver of Registration Rights
 
In order to induce the Purchasers to Purchase the New Securities in connection with the Sale, AHL hereby waives and agrees that it will not exercise at any time, any and all rights that it has in accordance with Articles 3, 4 or 5 of the Rights Agreement.
 
 
Very truly yours,
  
     
 
ACTINIUM HOLDINGS LIMITED
  
       
 
By:
   
 
Accepted and agreed as of the date written above:
 
ACTINIUM PHARMACEUTICALS, INC.
 
By:
/s/ Dragan Cicic