Notice of Exercise for Additional Purchase of Series G Preferred Stock by Lawrence F. DeGeorge
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Summary
Advance Display Technologies, Inc. (ADTI) has notified Lawrence F. DeGeorge that, under their Subscription Agreement dated February 25, 2008, Mr. DeGeorge is required to purchase an additional 9,091 shares of ADTI’s Series G Preferred Stock at $110 per share, totaling $1,000,010. The purchase must be completed within ten days of this notice, as stipulated in the agreement.
EX-4.2 2 exhibit4-2.htm FORM 8-K 06/30/08 EXHIBIT 4.2 exhibit4-2.htm
Exhibit 4.2
NOTICE OF EXERCISE
June 25, 2008
NOTICE IS HEREBY GIVEN that, in accordance with the Subscription Schedule set forth in the Subscription Agreement dated February 25, 2008, by and between Advance Display Technologies, Inc. (“ADTI”) and Lawrence F. DeGeorge, ADTI hereby exercises its right to require the additional purchase by Mr. DeGeorge of 9,091 shares of ADTI’s Series G Preferred Stock at a price of $110 per share, for a total purchase price of $1,000,010. Under the Subscription Agreement, such purchase is to occur within ten (10) days of the date of this Notice.
Advance Display Technologies, Inc.
7334 South Alton Way, Suite F
Centennial CO 80112
(303) 267-0111
By: /s/ Matthew W. Shankle
Matthew W. Shankle, President
