Waiver Agreement by MacNab LLC Regarding Warrant Registration with Global Matrechs, Inc.
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Summary
MacNab LLC has agreed to waive Global Matrechs, Inc.'s obligation to register shares of common stock underlying certain warrants in the company's current registration statement. However, MacNab LLC keeps the right to require registration of these shares in any future registration statements. This waiver applies only to the current filing and does not affect future rights.
EX-10.5 6 exh10-5_13671.txt WAIVER GRANTED BY MACNAB LLC EXHIBIT 10.5 ------------ MACNAB LLC P.O. Box 30592 S.B.M., Cayside, 2nd Fl. George Town, Grand Cayman, Cayman Islands, British West Indies Tel: (345)-949-5570 Fax: (345)-949-79236 _________________________________________________________________ July 8, 2005 To: Global Matrechs, Inc. Mr. Sheppard: This letter serves as notice that with respect to the outstanding warrants issued by Global Matrechs, Inc. to MacNab LLC ("MacNab") and currently held by MacNab in connection with the recent financing (the "Warrants), MacNab hereby waives the obligation of Global to register shares of common stock underling the Warrants in the Company's pending registration statement to be filed as of today's date. All rights with respect to registration of shares underlying the Warrants on any future registration statement are hereby expressly reserved. Very truly yours, MACNAB LLC By: ______________________________ Navigator Management ltd./Director