SECOND AMENDMENT TO REGISTRATION RIGHTS AGREEMENT
SECOND
AMENDMENT TO REGISTRATION RIGHTS AGREEMENT
THIS
SECOND AMENDMENT TO REGISTRATION RIGHTS AGREEMENT (the “Amendment”) is made and
entered into as of this 19th day of May, 2008, by and among Sonterra Resources,
Inc., a Delaware corporation, (the “Company”), and The Longview Fund, L.P., a
California limited partnership (“Buyer”).
In
consideration of the mutual covenants and agreements set forth herein and for
good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties agree to amend that certain Registration Rights
Agreement, dated as of February 14, 2008, as amended by that certain First
Amendment to Registration Rights Agreement, dated as of March 12 2008 (as
amended, the “Agreement”), between the Company and Buyer.
Section
1. All
capitalized terms used but not defined in this Amendment shall have the
respective meanings ascribed to such terms in the Agreement.
Section
2. The
definition of “Initial Filing Deadline” contained in Section 1(i) of the
Agreement is hereby amended and restated to read in its entirety as
follows:
“i.
“Initial Filing Deadline” means July 30, 2008; provided, however that, if on the
Exchange Closing Date the Warrant Registrable Securities are not then eligible
for sale on a delayed or continuous basis by the Investors pursuant to Rule
415,
the Initial Filing Deadline shall be the later of (i) July 30, 2008 and (ii)
the
earlier of (A) the date that is the tenth (10th) Business Day following the
date
on which the Investors shall have delivered to the Company the information
required by Item 508 of Regulation S-K under the Securities Act with respect
to
a plan of distribution for the Warrant Registrable Shares other than in
accordance with Rule 415 and (B) the first date on which the Warrant Registrable
Securities are eligible for sale on a delayed or continuous basis by the
Investors pursuant to Rule 415.”
Section
3. As
amended by this Amendment, the parties hereto agree the Agreement remains in
full force and effect and nothing herein shall affect, or be deemed to be a
waiver of, the other terms and provisions of the Agreement.
Section
4. This
Amendment may be executed in two or more identical counterparts, all of which
shall be considered one and the same agreement and shall become effective when
counterparts have been signed by each party and delivered to each other party.
In the event that any signature to this Amendment or any amendment hereto is
delivered by facsimile transmission or by e-mail delivery of a “.pdf” format
data file, such signature shall create a valid and binding obligation of the
party executing (or on whose behalf such signature is executed) with the same
force and effect as if such facsimile or “.pdf” signature page were an original
thereof. No party hereto shall raise the use of a facsimile machine or e-mail
delivery of a “.pdf” format data file to deliver a signature to this Amendment
or any amendment hereto or the fact that such signature was transmitted or
communicated through the use of a facsimile machine or e-mail delivery of a
“.pdf” format data file as a defense to the formation or enforceability of a
contract, and each party hereto forever waives any such defense.
Section
5. This
Amendment and the Agreement (as amended hereby) represent the final agreement
of
the parties hereto with respect to the matters contained herein and may not
be
contradicted by evidence of prior or contemporaneous agreements, or prior or
subsequent oral agreements, between the parties hereto.
IN
WITNESS WHEREOF, the parties hereto have executed this Amendment as of the
date
first above written.
COMPANY: | ||
SONTERRA RESOURCES, INC. | ||
|
|
|
By: | ||
Name: | Xxxxxxx X. Xxxxxxx | |
Title: | President |
:
BUYER: | ||
THE LONGVIEW FUND, L.P. | ||
|
|
|
By: |
Viking
Asset Management, Ltd.
Its
General Partner
|
|
By: |
Viking Asset Management, LLC
Its
Investment Advisor
|
|
By: | ||
Name: | ||
Title: |
: