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EXHIBIT 4.1
WAIVER
THIS WAIVER ("Waiver") is made and entered into as of this 25th day of
November, 2005, by and among ARTISTdirect, Inc., a Delaware corporation (the
"Company"), and the undersigned Buyer. Capitalized terms used herein and
undefined shall have the meanings set forth in that certain Senior Registration
Rights Agreement (defined in the Recitals below).
RECITALS:
WHEREAS, reference is made to that certain Registration Rights Agreement
dated as of July 28, 2005 (the "Senior Registration Rights Agreement"), by and
among the Company and the Buyers;
WHEREAS, Section 2.b. of the Senior Registration Rights Agreement limits
the ability of the Company to include any Securities, other than the Securities
issued pursuant to the Note Purchase Agreement or the Securities Purchase
Agreement, both dated as of July 28, 2005, or Securities issued to Libra
Securities, LLC, in a resale registration statement filed by the Company with
the Securities and Exchange Commission ("Registration Restrictions");
WHEREAS, the Company previously issued a warrant to 5670 Wilshire L.P.
("Landlord") to purchase up to Two Hundred Thousand (200,000) shares of Common
Stock (the "Landlord Warrant");
WHEREAS, the Landlord Warrant contains certain piggyback registration
rights ("Piggyback Rights");
WHEREAS, the Company wishes to offer to Landlord the right to include the
shares of Common Stock underlying the Landlord Warrant in






