Waiver of Registration Rights Agreement between Micro Component Technology, Inc. and Security Holders
Micro Component Technology, Inc. and several holders of its convertible securities have agreed that the holders will no longer require the company to keep a registration statement active with the SEC or state authorities for the resale of their securities. The holders also give up any financial penalties that may have resulted from the company's previous failure to maintain such registration. This waiver is effective as of March 14, 2008.
Exhibit 10.1
WAIVER OF REGISTRATION RIGHTS
The undersigned holders of options, warrants, notes and other convertible securities (the “Convertible Securities”), issued by Micro Component Technology, Inc., a Minnesota corporation (“MCT”), hereby irrevocably waive their rights to require MCT to maintain a registration statement in effect with the Securities and Exchange Commission, or any state securities commission, covering the sale by the undersigned of the Convertible Securities, or any shares that have been issued or are issued in the future upon exercise or conversion of the Convertible Securities.
The undersigned also waive any financial penalty that may have already accrued due to MCT’s failure to maintain a registration statement in effect prior to the date hereof.
| Dated: March 14, 2008 | LAURUS MASTER FUND, LTD. | |||
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| LAURUS CAPITAL MANAGEMENT, LLC | |||
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| VALENS U.S. SPV I, LTD. | |||
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| VALENS CAPITAL MANAGEMENT, LLC | |||
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| PSOURCE STRUCTURED DEBT LIMITED | |||
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| VALENS OFFSHORE SPV I, LTD | |||
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| By: | /s/ Pat Regan | ||
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| Name: | Pat Regan | |
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| Title: | Authorized Signatory | |
