WAIVER OF RIGHTS UNDER THE CERTIFICATE OF DESIGNATION FOR THE SERIES B PREFERRED SHARESWaiver of Rights • May 13th, 2009 • MedaSorb Technologies CORP • Surgical & medical instruments & apparatus
This waiver (the “Waiver”) is entered into on the __th day of February, 2009, by a majority of the Series B Preferred Stock, including NJTC Venture Fund SBIC, L.P. (the “Majority Series B Holders”) of MedaSorb Technologies Company, incorporated under the laws of the State of Nevada (the “Company”). The undefined capitalized terms in this Waiver shall have the same meaning as provided in the Series B Preferred Stock Subscription Agreement.
