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EXHIBIT 10.28
FIRST AMENDMENT TO
SATURN ELECTRONICS & ENGINEERING, INC.
WARRANT TO PURCHASE 495,688 SHARES
OF CLASS B NONVOTING COMMON STOCK
THIS FIRST AMENDMENT TO SATURN ELECTRONICS & ENGINEERING, INC. WARRANT TO
PURCHASE 495,688 SHARES OF CLASS B NONVOTING COMMON STOCK (hereinafter
"Amendment"), is made as of this 24th day of March, 2000 by and between
Motorola, Inc. (the "Holder"), and Saturn Electronics & Engineering, Inc., a
Michigan corporation (the "Company").
WHEREAS, on March 15, 2000, Holder acquired from the Company a Warrant to
Purchase 495,688 Shares of Class B Nonvoting Common Stock (the "Warrant"); and
WHEREAS, Holder and Company desire to amend the Warrant as set forth in
this Amendment.
NOW, THEREFORE, in consideration of the Warrant and for other good and
valuable consideration, the receipt and sufficiency of which are acknowledged,
Holder and Company amend the Warrant as follows:
The Title ad Preamble on the first page of the Warrant are amended to
change the number of Class B Nonvoting Common Shares available for subscription
and purchase from 495,688 to 521,777.
All other terms and provisions of the Warrant remain in full force and
effect and are hereby affirmed.
IN WITNESS WHEREOF, the parties have executed this Amendment as of the date
written above.
Holder: Company:
MOTOROLA, INC. SATURN ELECTRONICS &
ENGINEERING, INC.
By: /s/ Xxxx X. Xxxxxxxxx By: /s/ X. Xxxxx
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Title: Executive Vice President and CEO Title: President
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