Exhibit 10.4 REGISTRATION RIGHTS AGREEMENT This Registration Rights Agreement (this "Agreement") is made and entered into as of June 3, 2003, by and between SpaceDev, Inc. , a Colorado corporation (the "Company"), and Laurus Master Fund, Ltd., a...Registration Rights Agreement • June 18th, 2003 • Spacedev Inc • Guided missiles & space vehicles & parts • New York
Re: Waiver Letter -------------- Dear Mr. Slansky: Reference is hereby made to that certain Security Agreement dated June 3, 2003 by and between SpaceDev, Inc. (the "Company") and Laurus Master Fund, Ltd. ("Laurus") (the "Security Agreement")....Security Agreement • June 18th, 2003 • Spacedev Inc • Guided missiles & space vehicles & parts
Reference is hereby made to that certain Security Agreement dated June 3, 2003 by and between SpaceDev, Inc. (the "Company") and Laurus Master Fund, Ltd. ("Laurus") (the "Security Agreement"). Capitalized terms used but not defined herein shall have the meanings ascribed them in the Security Agreement. Laurus is hereby notifying you of its decision to exercise the discretion granted to it pursuant to Section 2 (ii) of the Security Agreement to make a Revolving Credit Advance to the Company in the amount of $300,000 on the date hereof (the "Advance"), which such amount would otherwise exceed eighty five percent (85%) of the Company's Eligible Accounts on the date hereof.
Exhibit 10.3 THIS WARRANT AND THE SHARES OF COMMON STOCK ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THIS WARRANT AND THE COMMON STOCK ISSUABLE UPON EXERCISE OF THIS WARRANT MAY NOT BE...Warrant Agreement • June 18th, 2003 • Spacedev Inc • Guided missiles & space vehicles & parts • New York
The following terms shall apply to this Note: ARTICLE I INTEREST 1.1. Interest Rate. Subject to Section 1.2 hereof, interest on this Note shall be payable at the Contract Rate in accordance with the terms of the Security Agreement.Secured Convertible Note • June 18th, 2003 • Spacedev Inc • Guided missiles & space vehicles & parts • New York
AGREEMENT --------- NOW, THEREFORE, in consideration of the mutual covenants and undertakings and the terms and conditions contained herein, the parties hereto agree as follows:Security Agreement • June 18th, 2003 • Spacedev Inc • Guided missiles & space vehicles & parts • New York
