EXHIBIT 99.1
May 15, 2014
BY EMAIL
RenovaCare, Inc.
430 Park Avenue
Suite 702
New York, NY 10022
Attention: Thomas Bold, President & CEO
RE: | Registration Rights Agreement with Kalen Capital Corporation |
Dear Mr. Bold,
Reference is hereby made to the Registration Rights Agreement entered into between Kalen Capital Corporation and RenovaCare, Inc. (the “Company”) dated as of November 26, 2013 (the “RR Agreement”). All capitalized but undefined terms used in this letter have the meaning ascribed to such term in the RR Agreement.
Pursuant to the terms of the RR Agreement, the Initial Filing Date for the Initial Registrable Securities is May 26, 2014. I am writing to inform you that as a courtesy to the Company I am extending the Initial Filing Date to September 15, 2014. Please be advised that this is a one-time waiver regarding the subject matter set forth herein and should not be construed as a waiver as to any other matter.
Should you have any questions please don’t hesitate to contact me at your earliest convenience.
Best wishes,
/s/ Harmel S. Rayat
Harmel S. Rayat
President, Kalen Capital Corporation
