AMENDMENT TO REGISTRATION RIGHTS AGREEMENT
Exhibit 10.21
AMENDMENT TO REGISTRATION RIGHTS AGREEMENT
This AMENDMENT TO REGISTRATION RIGHTS AGREEMENT (this “Amendment”) is made and entered into as
of , 2007, by and among Stinger Systems, Inc., a Nevada corporation (the “Company”), Bonanza
Master Fund Ltd. (“Bonanza”), Tonga Partners, L.P. (“Tonga”), The Cuttyhunk Fund Limited
(“Cuttyhunk”), and Anegada Master Fund, Ltd. (“Anegada”, and together with Bonanza, Tonga and
Cuttyhunk, the “Holders”).
RECITALS
WHEREAS, the Company and the Holders are parties to that certain Registration Rights
Agreement, dated January 25, 2007 (the “Agreement”), pursuant to which the Holders have the right
to cause the Company to register certain shares of the Company’s common stock, par value $0.001 per
share (“Common Stock”), under the Securities Act of 1933, as amended (the “Securities Act”), in
certain circumstances;
WHEREAS, on or about May 23, 2007, the Company filed a registration statement on Form S-1
pursuant to the Agreement and included that number of shares representing 150% of the Registrable
Securities (as that term is defined in the Agreement); and
WHEREAS, pursuant to and in accordance with the terms of this Amendment, the parties hereto
desire: (i) to reduce the number of securities required to be registered under the Agreement to an
amount representing 100% of the Registrable Securities.
NOW, THEREFORE, for good and valuable consideration, receipt of which is hereby acknowledged,
the parties hereto hereby agree as follows:
1. Amended Provision. The first sentence of Section 2(a) of the Agreement is hereby
deleted and replaced in its entirety with the following:
On or prior to each Filing Date, the Company shall prepare and file with the Commission a
“Shelf” Registration Statement covering the resale of the Registrable Securities on such
Filing Date for an offering to be made on a continuous basis pursuant to Rule 415.
2. Amended Provision. Section 3(c) of the Agreement is hereby deleted and replaced in
its entirety with the following:
If during the Effectiveness Period, the number of Registrable Securities at any time exceeds
the number of shares of Common Stock then registered in a Registration Statement, then the
Company shall file as soon as reasonably practicable but in any case prior to the applicable
Filing Date, an additional Registration Statement covering the resale by the Holders of not
less than 100% of the number of such Registrable Securities.
3. No Other Changes. Except as modified or supplemented by this Amendment, the
Agreement remains unmodified and in full force and effect.
IN WITNESS WHEREOF, the parties have executed this Amendment to the Registration Rights
Agreement as of the date first written above.
STINGER SYSTEMS, INC. | ||||||
By: | ||||||
Name: | Xxxxx X. Xxxxxx | |||||
Title: | Chief Financial Officer | |||||
Address: | 0000 Xxxxx Xxxxx Xxxxx Xxxxx | |||||
Xxxxx 0000 | ||||||
Xxxxx, Xxxxxxx 00000 |
[SIGNATURE PAGE OF HOLDERS FOLLOWS]
[SIGNATURE PAGE OF HOLDERS TO STIY RRA]
Bonanza Master Fund, Ltd. | ||||||
Signature of Authorized Signatory of Holder: | ||||||
Name of Authorized Signatory: Xxxxx Xxxxx | ||||||
Title of Authorized Signatory: Partner | ||||||
Address: | 000 Xxxxxxxx Xxxxx | |||||
Xxxxx 000 | ||||||
Xxxxxx, XX 00000 | ||||||
Tonga Partners, L.P. | ||||||
Signature of Authorized Signatory of Holder: | ||||||
Name of Authorized Signatory: J. Xxxxx Xxxxxxx | ||||||
Title of Authorized Signatory: General Partner | ||||||
Address: | 000 Xxxx Xxxxxxx Xxxxxx | |||||
P.O. Box 3459 | ||||||
Xxxxxxx, XX 00000 | ||||||
Anegada Master Fund, Ltd. | ||||||
Signature of Authorized Signatory of Holder: | ||||||
Name of Authorized Signatory: J. Xxxxx Xxxxxxx | ||||||
Title of Authorized Signatory: Director | ||||||
Address: | 000 Xxxx Xxxxxxx Xxxxxx | |||||
X.X. Xxx 0000 | ||||||
Xxxxxxx, XX 00000 | ||||||
The Cuttyhunk Fund Limited | ||||||
Signature of Authorized Signatory of Holder: | ||||||
Name of Authorized Signatory: Xxxxxxxx X. Xxxxx | ||||||
Title of Authorized Signatory: Director | ||||||
Address: | 000 Xxxx Xxxxxxx Xxxxxx | |||||
X.X. Xxx 0000 | ||||||
Xxxxxxx, XX 00000 |