Waiver of Penalty Warrants Sample Contracts

KFx Inc. Waiver of Penalty Warrants
Waiver of Penalty Warrants • November 18th, 2002 • Westcliff Capital Management LLC/Ca • Industrial organic chemicals • New York

This Waiver of Penalty Warrants (this "Waiver"), is entered into as of September 26, 2002, by and among KFx Inc., a Delaware corporation (the "Company"), and the parties listed on Schedule A attached hereto (the "Investors"), with reference to the following facts:

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