Exhibit 10.1
Finestar International Limited
March 26, 2002
Artesyn Technologies, Inc.
0000 Xxxxxx Xx. Xxxxx 000
Xxxx Xxxxx, XX 00000
Attention: Xxxxxxx X. Xxxxxxxx, CFO
Dear Xxxxxxx:
Reference is made to that certain Registration Rights Agreement, dated
January 15, 2002 (the "Agreement"), by and between Artesyn Technologies, Inc., a
Florida corporation, and Finestar International Limited, a British Islands
corporation (the "Purchaser"). Capitalized terms not otherwise defined herein
have the definitions ascribed to such terms in the Agreement.
The Purchaser hereby waives any entitlement it has to the Non-exclusive
Remedy pursuant to Section 9 of the Agreement as a result of the Shelf
Registration Statement not being declared effective by the Securities and
Exchange Commissions (the "SEC") by April 5, 2002 (a "Registration Default"),
which date is the last date of the 80 day period after the date of the Agreement
in which the shelf registration Statement was to be declared effective (the
"Waiver"). This Waiver shall be effective until May 15, 2002 (the "Waiver
Period"); provided, however, if the SEC does not declare the Shelf Registration
Statement effective by May 15, 2002, at such time, any and all remedies for such
Registration Default shall be available to the purchaser, including the
immediate effectiveness of the Non-exclusive Remedy pursuant to Section 9 of the
Agreement.
Sincerely,
FINESTAR INTERNATIONAL LIMITED
By: /s/ Xxxxx Xxxxx.
---------------------------
Xxxxx Xxxxx
Director
WJS:swp
cc: Xxxxx X. Xxxxx Esq.
Xxxx X. Xxxxxxx, Esq.
Xxxx X. Xxxxxx, Esq.
