WAIVER AGREEMENTWaiver Agreement • February 10th, 2011 • American Defense Systems Inc • Miscellaneous transportation equipment • Delaware
This Waiver Agreement (the “Agreement”) is made and entered into, effective as of November 12, 2010 (the “Effective Date”), by and among American Defense Systems, Inc., a Delaware corporation (the “Company”), and the stockholders of the Company parties hereto (individually, a “Holder” and collectively, the “Holders”). Unless otherwise specified herein, capitalized terms used and not otherwise defined herein shall have the meanings assigned to such terms in the Certificate of Designations (as defined below).
