EXHIBIT 10.36
LETTER AGREEMENT
This LETTER AGREEMENT (the "Letter Agreement") relating to that certain
REGISTRATION RIGHTS AGREEMENT dated as of May 30, 1997 (the "Registration Rights
Agreement") by and between Xxxxxx Xxxxxx ("Xxxxxx") and Award Software
International, Inc., a California corporation (the "Company") is entered into as
of March 1, 1998.
WITNESSETH:
WHEREAS, pursuant to Section 3.5 of the Registration Rights Agreement,
Narath and the Company desire to terminate the Registration Rights Agreement.
NOW, THEREFORE, in consideration of the Company entering into a loan
transaction to lend the principal aggregate amount of two hundred thousand
dollars ($200,000) to Narath pursuant to the terms and conditions set forth in a
promissory note of even date herewith, Narath and the Company hereby agree to
waive all rights pursuant to, and effect the termination of, the Registration
Rights Agreement such that the Registration Rights Agreement shall have no
further force and effect.
IN WITNESS WHEREOF, the undersigned have duly caused this Letter Agreement to
be executed as of the date first above written.
AWARD SOFTWARE INTERNATIONAL, INC.
By: /s/ Xxxxx X. Xxxxx /s/ Xxxxxx X. Xxxxxx
______________________________ ___________________________________
Name: XXXXX X. XXXXX XXXXXX X. XXXXXX
Title: Chief Financial Officer
