THIRD WAIVER AGREEMENT
EXHIBIT
10.6.3
This
Third Waiver Agreement ("Agreement") is entered into this 6th day of March,
2009, by and among SinoHub, Inc., a Delaware corporation (the "Company"), and
the investors signatory hereto (each an "Investor" and collectively, the
"Investors").
RECITALS
A. The
Company and the Investors entered into that certain Registration Rights
Agreement (the "Registration Agreement"), dated September 10, 2008 (the “Closing
Date”), pursuant to which the Company agreed to cause a Registration Statement
(as defined therein) covering resale of the Registrable Securities (as defined
therein) to become effective within 120 days of the Closing
Date.
B. The
Company filed the Registration Statement within the time frame set forth in the
Registration Agreement and is diligently working with the Securities and
Exchange Commission to cause the Registration Statement to be declared
effective.
C. On
December 30, 2008, the Company and holders of a majority of the Registrable
Securities entered into a Waiver and General Release Agreement pursuant to which
such holders waived, for purposes of sections 2(a) and 7(g), the failure of the
Company to cause the Registration Statement to become effective until February
20, 2009.
D. On
February 19, 2009, the Company and holders of a majority of the Registrable
Securities entered into a Second Waiver and General Release Agreement pursuant
to which such holders waived, for purposes of sections 2(a) and 7(g), the
failure of the Company to cause the Registration Statement to become effective
until February 20, 2009.
E. The
Company and the undersigned Investors now wish to provide for inclusion of the
shares held by certain other stockholders of the Company in the Registration
Statement subject to the terms set forth herein.
F The
Investors are third party beneficiaries of a certain Lock-Up Agreement dated
September 10, 2008 issued by Xxxxx X. Xxxxxxx (“Xxxxxxx”) to Global Hunter
Securities, LLC (the “Lock-Up Agreement”).
NOW,
THEREFORE, the parties, in consideration of the mutual promises contained
in this Agreement, agree as follows:
AGREEMENT
1. Waiver. Each
Investor hereby waives all rights under the Registration Agreement that relate
in any way to the Company’s inclusion in the Registration Statement of the
shares of common stock of the Company held by the persons listed on Schedule 1 attached
hereto and incorporated by reference herein, or their subsequent transferees
prior to the effective date of the Registration Statement, in the numbers set
forth next to their respective names on Schedule 1, including
but not limited to all rights under Section 7(c) of the Registration
Agreement. Each Investor further consents to the
inclusion in the Registration Statement by Xxxxxxx of the 637,445 shares of
common stock set forth on Schedule 1 and the sale by Xxxxxxx of a maximum of
100,000 shares of common stock included in the Registration Statement stock,
provided, however, that: (i) such consent shall not otherwise waive
the restrictions on transfer of Xxxxxxx’x shares set forth in the Lock-Up
Agreement and (ii) the aggregate number of shares included in the Registration
Statement sold by Xxxxxxx combined with any sales of shares of common stock of
the Company made by Xxxxxxx pursuant to Rule 144 under the Securities Act of
1933 shall not exceed 100,000.
2. This
Agreement sets forth the entire agreement between the parties relating to the
subject matter of this Agreement. This Agreement supersedes any and
all prior or contemporaneous agreements or understandings between the parties
relating to the subject matter of this Agreement. The parties may
execute this Agreement in one or more counterparts, each of which constitutes an
original, and all of which constitute one and the same
Agreement. This Agreement shall take effect when signed by Investors
who are the holders of at least a majority of the Registrable Securities under
the Registration Agreement. at which point, as provided in the Registration
Rights Agreement and the Lock-Up Agreement, this Agreement will be binding on
all Investors.
[REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK
SIGNATURE
PAGES OF COMPANY AND INVESTORS TO FOLLOW]
- 2
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IN
WITNESS WHEREOF, the undersigned have executed this Agreement as of the above
date.
SINOHUB, INC. | |||
|
By:
|
/s/ Xxxxx X. Xxxxxxx | |
Name: Xxxxx X. Xxxxxxx | |||
Title: Chief Executive Officer | |||
[REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK
SIGNATURE
PAGES OF INVESTORS TO FOLLOW]
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IN
WITNESS WHEREOF, the parties have executed this Agreement as of the above
date.
Renaissance U.S. Growth Investment Trust PLC | ||||
By:
|
/s/ Xxxxxxx Xxxxxxxxx | |||
Name: | Xxxxxxx Xxxxxxxxx | |||
Title:
|
President
of XXXX Capital Group Inc.
|
|||
Investment
Advisor to
|
||||
Renaissance
U.S. Growth Investment Trust PLC
|
||||
Global Special Opportunities Trust PLC | ||||
By:
|
/s/Xxxxxxx Xxxxxxxxx
|
|||
Name: | Xxxxxxx Xxxxxxxxx | |||
Title:
|
President
of XXXX Capital Group Inc.
|
|||
Investment
Advisor to
|
||||
Global
Special Opportunities Trust PLC
|
||||
Premier XXXX Entrepreneurial Fund Limited | ||||
By:
|
/s/Xxxxxxx Xxxxxxxxx | |||
Name: | Xxxxxxx Xxxxxxxxx | |||
Title:
|
President
of XXXX Capital Group Inc.
|
|||
Investment
Advisor to
|
||||
Premier
XXXX Entrepreneurial Fund Limited
|
||||
- 4
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IN
WITNESS WHEREOF, the parties have executed this Agreement as of the above
date.
NAME OF INVESTING ENTITY | |||
Xxxxxx Xxxx | |||
|
By:
|
/s/ Xxxxxx Xxxx | |
Name: Xxxxxx Xxxx | |||
Title: | |||
- 5
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IN
WITNESS WHEREOF, the parties have executed this Agreement as of the above
date.
NAME OF INVESTING ENTITY | |||
Ultima Partners, L.P. | |||
|
By:
|
/s/ Xxxxxx Xxxx | |
Name: Xxxxxx Xxxx | |||
Title: President | |||
- 6
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Schedule
1
Lorikeet,
Inc.
|
196,093 | |||
Xxxx
X. Xxx
|
145,001 | |||
Xxxxxxx
X. Xxxxxxxx
|
200,000 | |||
Xxxxxx
Xxxxxxx
|
70,000 | |||
Xxxx
Xxxxxxx
|
10,000 | |||
Xxxxx
Xxxx
|
25,000 | |||
Beilei
Dong
|
150,000 | |||
Jan
C. G. Rejbo
|
3,435,117 | |||
Xxx
Xxxx
|
849,926 | |||
Xxxxx
X. Xxxxxxx
|
637,445 | |||
Xxxxx
H. W. F. Xxxxxx
|
241,602 | |||
Xxxxxx
Lenkat
|
6,000 | |||
Xxxxxxx
Xxxxxxxx
|
2,000 | |||
Hikka
Xxxxx
|
5,000 | |||
Xxxxx
Xxxxxxxx
|
4,000 | |||
Xxxxxx
Xxxxxxxxxx
|
5,000 | |||
Xxxxx
Xxxxxx
|
2,000 | |||
Xxxxxx
X. Xxxxxxxxx
|
227,623 | |||
Xxxxxxx
X. Xxxxxxx
|
106,241 | |||
Xxxx
Xxxxxx
|
91,100 | |||
Xxxxxx
X. Xxxxxx
|
53,121 | |||
Xxxxxx
Xxxxxxxx
|
13,280 | |||
Xxxx
Xxx Li
|
1,041,160 | |||
Sau
Xxxx Xxxxx
|
451,524 | |||
Hui
Xxxx Xx
|
106,241 | |||
Xx
Xxxxx
|
31,873 | |||
Hai
Xxxx Xxxx
|
21,249 | |||
Guo
Qin Shi
|
21,248 |