Re: Waiver of Defaults under Securities Purchase Agreement

Exhibit 10.9

February 2, 2007

Greens Worldwide Incorporated

346 Woodland Church Road

Hertford, North Carolina 29744

Attn: William A. Conwell

Re: Waiver of Defaults under Securities Purchase Agreement

Dear Bill:

Reference is made to that certain Securities Purchase Agreement dated as of October 17, 2006 among Greens Worldwide Incorporated (the “Company), Shelter Island Opportunity Fund, LLC (“Shelter Island”) and Topwater Investment Management LLC (“Topwater” and together with Shelter Island, the “Purchasers”) (as at any time amended, the “Purchase Agreement”).

Purchasers hereby waive any and all defaults by the Company under the Purchase Agreement and any other certificate, agreement, document or other instrument relating to the Purchase Agreement (colle