Exhibit 10.4
Xxxxxxx Drive LLC
c/o Citco Trustees (Cayman) Limited
Commercial Centre
P.O. Box 31106 SMB
Grand Cayman
Cayman Islands
British West Indies
July 10, 2001
The Ashton Technology Group, Inc.
Eleven Penn Center
0000 Xxxxxx Xxxxxx, Xxxxx 000
Xxxxxxxxxxxx, Xxxxxxxxxxxx 00000
Re. The Ashton Technology Group, Inc. (the "Company").
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Gentlemen:
Reference is made to the Company's common stock purchase warrant of even
date hereof (the "Warrant") pursuant to which Xxxxxxx Drive LLC (the "Holder")
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is entitled to purchase up to 1,506,024 shares of the Company's common stock,
$.01 par value per share (the "Warrant Shares").
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This is to inform you that the Holder agrees that prior to the sixth (6th)
month anniversary of the date hereof, the Holder will not exercise its right to
purchase Warrant Shares pursuant to the Warrant. Except as otherwise set forth
in the immediately preceding sentence, the Holder shall continue to retain any
and all rights and privileges available to it pursuant to the Warrant or any
other documents executed in connection with the issuance of the Warrant.
Very Truly Yours,
Xxxxxxx Drive LLC
By:_____________________________________
Name:
Title:
Accepted and agreed as of July 10, 2001:
The Ashton Technology Group, Inc.
By:_____________________________________
Name:
Title:
