SHAREHOLDER WAIVER

As a  shareholder  of more than 2001  shares of Wimax EU, Ltd, I have been fully
informed of the Board of  Directors  desire and  intention  to execute a forward
split of 5 shares for each 1 share for the benefit of shareholders  holding less
than  2001  shares  only in  order to  reduce  the  dilutive  effect  of  recent
financing. Accordingly, I fully and voluntarily waive my right to participate in
this stock split, and approve a disproportionate  forward split of the company's
common  stock on a basis of 5 shares  for one  share to  shareholders  currently
holding less than 2001 shares.

Dated: 14 February, 2005.

Global Internet Marketing Corporation

By:/s/ Alex James
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Alex James
Director