Exhibit 10.5 REGISTRATION AND LEAKOUT AGREEMENT January 1, 2008 NexHorizon Communications, Inc. 9737 Wadsworth Parkway Westminster, CO 80021 Gentlemen: The undersigned, National City Cable, Inc. ("NCC"), is a beneficial owner of 375,000 shares of the...Registration and Leakout Agreement • February 21st, 2008 • NexHorizon Communications, Inc. • Telephone communications (no radiotelephone)
The undersigned, National City Cable, Inc. ("NCC"), is a beneficial owner of 375,000 shares of the Series A Preferred Stock of NexHorizon Communications, Inc, the successor in interest of NexHorizon Communications, Inc. (the "Company"), par value $.0001 per share (the "Shares"), which have conversion rights to common shares of NexHorizon ("Conversion Shares"). The Shares are acquired as part of that certain Stock Purchase Agreement (the "Agreement"), between the Company and National City Cable, Inc. ("National," the Acquired Company or the "Seller"). As part of the consideration included in the Agreement and in consideration herefore, the Company agrees to provide the undersigned "piggyback" registration rights to cause the Conversion Shares to be included in those shares proposed to be registered by the Company in the filing of a registration statement (the "Registration Statement"), under the Securities Act of 1933, as amended, with the US Securities and Exchange Commission (the "SEC
