Amendment to Registration Rights Agreement between Global Wataire Inc. and Dutchess Private Equities Fund, Ltd.

Contract Categories: Business Finance › Registration Rights Agreements
Summary

This amendment, dated December 18, 2007, is between Global Wataire Inc. and Dutchess Private Equities Fund, Ltd. It modifies their previous Registration Rights Agreement by removing the requirement for the company to incorporate a prospectus supplement or post-effective amendment at the investor's request. Section 3(m) is deleted, and references in Section 3 are updated accordingly. All other terms of the original agreement remain unchanged.

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EX-10.4 3 f8k121907ex10ii_globalwat.htm AMENDMENT TO THE REGISTRATION RIGHTS AGREEMENT f8k121907ex10ii_globalwat.htm
AMENDMENT TO THE REGISTRATION RIGHTS AGREEMENT


This Amendment to the Investment Agreement is made as of the 18th day of DECEMBER 2007.

          BETWEEN

     GLOBAL WATAIRE, A NEVADA CORPORATION (THE "COMPANY")

          AND

     DUTCHESS PRIVATE EQUITIES FUND, LTD. (THE "INVESTOR")

WHEREAS, THE COMPANY AND THE INVESTOR DESIRE TO AMEND THE REGISTRATION RIGHTS AGREEMENT DATED AUGUST 24, 2007.

WHEREAS, THE COMPANY AND THE INVESTOR DESIRE TO AMEND THE REGISTRATION RIGHTS AGREEMENT TO REMOVE LANGUAGE REGARDING THE REQUIREMENT THAT THE COMPANY INCORPORATE A PROSPECTUS SUPPLEMENT OR POST-EFFECTIVE AMENDMENT UPON A REQUEST BY THE INVESTOR.

NOW, THEREFORE, IN CONSIDERATION OF THE MUTUAL COVENANTS CONTAINED IN THIS AMENDMENT TO THE REGISTRATION RIGHTS AGREEMENT, AND FOR OTHER GOOD AND VALUABLE CONSIDERATION (THE RECEIPT AND ADEQUACY OF WHICH ARE HEREBY ACKNOWLEDGED, THE COMPANY AND THE INVESTOR AGREE AS FOLLOWS:

     1)   SECTION 3(M) SHALL BE REMOVED.

 
     2)   ALL TERMS WITHIN SECTION 3 OF THE REGISTRATION RIGHTS AGREEMENT SHALL BE ADJUSTED TO REFLECT THE APPROPRIATE REFERENCE SECTION.

 
     3)   ALL OTHER TERMS OF THE INVESTMENT AGREEMENT SHALL REMAIN IN FULL FORCE AND EFFECT.



                                                 GLOBAL WATAIRE INC.

                                             BY: /S/ SYDNEY HARLAND     
                                                    SYDNEY HARLAND, C.E.O.

                                                 DUTCHESS PRIVATE
                                                 EQUITIES FUND, LTD.

                                             BY: /S/ TED SMITH                     
                                                     TITLE: DIRECTOR