LAURUS MASTER FUND, LTD.
c/o M&C Corporate Services Limited
P.O. Box 309 GT
Ugland House
South Church Street
George Town
Grand Cayman, Cayman Islands
Exhibit 4.2
June 30, 2006
Greenman Technologies, Inc.
7 Kimball Lane
Building A
Lynnefield, MA 01940
Attn: Chief Financial Officer
Re: Cancellation of Certain Common Stock Purchase Warrants
Reference
is made to (i) that certain Amended and Restated Security and
Purchase Agreement, dated as of June 30, 2004 and amended and
restated as of the
date hereof (as amended, restated, modified and/ or supplemented
from time to
time, the "Security Agreement"), by and among GreenMan
Technologies, Inc., a
Delaware corporation (the "Parent"), certain subsidiaries of the
Parent set
forth on Exhibit A hereto (the Parent, together with such
subsidiaries,
collectively, the "Companies" and each, a "Company") and Laurus
Master Fund,
Ltd. (the "Purchaser"), (ii) the Common Stock Purchase Warrant,
issued as of the
date hereof and and exercisable into up to 3,586,429 shares of
Common Stock (as
amended,