WARRANT CANCELLATION AGREEMENTWarrant Cancellation Agreement • February 17th, 2010 • Pervasip Corp • Telephone communications (no radiotelephone) • New York
This WARRANT CANCELLATION AGREEMENT, dated as of February 11, 2010 (this “Agreement”), by and among PERVASIP COPORATION (f/k/a eLEC Communications Corp.), a New York corporation (the “Company”), VALENS OFFSHORE SPV I, LTD, a Cayman Islands company (“Valens Offshore I”), VALENS OFFSHORE SPV II., CORP., a Delaware corporation (“Valens Offshore II”), and Valens U.S. SPV I, LLC, a Delaware limited liability company (“Valens US” and together with Valens Offshore I and Valens Offshore II, collectively, the “Holders” and each a “Holder”).
