AGREEMENT
Exhibit 10.1
AGREEMENT
AGREEMENT entered into this 18th day of November, 2005 by and between Greens Worldwide Incorporated (“GRWW”) and Brittany Capital Management Limited (“Brittany”).
Brittany and GRWW entered into a Private Equity Credit Agreement (“Agreement”) in the amount of $30,000,000 which Agreement and the related Registration Rights Agreement were filed with the SEC as Exhibits 10.2 and 10.3 to Form 8-K with Date of Report of October 25, 2005.
The parties to the above-referenced Agreement herewith agree to leave both the Private Equity Credit Agreement and Registration Rights Agreement as is, except for (i) increasing the Maximum Commitment Amount from $30,000,0000 to $50,000,000; and (ii) increasing the term of the Agreement from thirty six (36) months to sixty (60) months.
In all other respects the Agreement shall remain exactly as is.
READ AND AGREED TO
GREENS WORLDWIDE INCORPORATED
/s/ R. Xxxxxx Xxxx
By:
_____________________________________________
R. Xxxxxx Xxxx, President and Chief Executive Officer
BRITTANY CAPITAL FUND LIMITED
/s/ Xxxxx X. Xxxxxx
By:
_____________________________________________
Xxxxx X. Xxxxxx, President and Director
