Loan Conversion Agreement between Formula Ventures and Constellation 3D, Inc.

Summary

Formula Ventures, L.P. and its affiliates agree with Constellation 3D, Inc. to convert an outstanding $600,000 loan into 380,000 shares of Constellation 3D, Inc. stock. These shares will be registered for trading in the company's next share registration and allocated among Formula Ventures L.P., FV-PEH L.P., and Formula Ventures (Israel) L.P. Both parties agree to these terms, with a more detailed legal document to follow.

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EX-4.2 3 0003.txt EXHIBIT 4.2 ---------------- FORMULA VENTURES ---------------- September 12, 2000 To: Leonardo Berezovski, CFO Constellation 3D, Inc. From: Shai Beilis, Formula Ventures, L.P. Re: Loan Conversation ----------------- Please convert the outstanding loan (originally $600,000) to 380,000 shares that will be registered for trading in the next coming registration of the C3D Inc. shares. The shares should be allocated to the following entities: Formula Ventures L.P. 242,326 FV-PEH L.P. 68,628 Formula Ventures (Israel) L.P. 69,045 ------- 380,000 Please approve these terms by return fax. We'll prepare a more detailed legal document for the signatures of both parties next week. Best regards, /s/ Shai Beilis - ---------------- Shai We approve the conversation at the terms above: ------------------------- Constellation 3D Inc. - -------------------------------------------------------------------------------- 11 GALGALEI HAPLADA, P. O. BOX 2062 HERZLIYA, 48120, ISRAEL ***@*** / TEL: +972 9 ###-###-#### / FAX +972 9 ###-###-#### -------------------------- - --------------------------------------------------------------------------------