EXHIBIT 10.2
Electrosource, Inc.
AMENDMENT NUMBER ONE
TO
STOCK PURCHASE WARRANT
To Purchase Shares of Common Stock of
ELECTROSOURCE, INC.
Expiring January 23, 1999
August 18, 1998 No. ___________
Warrant to Purchase _________ shares of Common Stock
As of January 23, 1997, the undersigned, Electrosource, Inc.
(the "Company"), a Delaware corporation, for good and valuable
consideration granted to _______________ ("Purchaser") a warrant
to acquire shares of Common Stock in the Company. The Stock
Purchase Warrant ("Warrant") dated January 23, 1997, was granted
pursuant to the terms of a Subscription Agreement ("Subscription
Agreement") dated as of January 23, 1997, between the Company and
the Purchaser. This Amendment Number One to the Warrant
incorporates all provisions of that Subscription Agreement herein
by reference.
1. Warrants. The Company originally granted to Purchaser
the exclusive option to purchase from the Company all or any part
of an aggregate of __________________ (_______) shares ("Shares")
of Common Stock of the Company at the exercise price of _______
and ___/100 Dollars ($__________) per share.
This Amendment Number One hereby adjusts the
exercise price to $2.5630 per share, as approved
by the Board of Directors at their regularly
scheduled meeting held August 18, 1998.
2. Term. The original Warrant terminates at 5:00 o'clock
P.M., San Marcos, Texas time, two years after its date of grant,
January 23, 1999.
This Amendment Number One hereby extends the
termination date to five years from the date of
grant to January 23, 2004, as approved by the
Board of Directors at their regularly scheduled
meeting held August 18, 1998.
The Warrant is not otherwise amended or modified
in any respect.
IN WITNESS WHEREOF, the parties have executed this Amendment
One as of the _____ day of ____________, 1998.
ELECTROSOURCE, INC. PURCHASER
By:__________________________ _____________________________
Xxxxxxx X. Xxxxxxx (Printed name)
Chairman, President and CEO
The above form of Amendment Number One to Stock Purchase Warrant was
issued to the following:
125,000 Xxxxxxx X. Xxxxxxx
25,003 Xxxxx X. Xxxxx
50,000 Xxxxxxx X. Xxxxxxx
25,003 Xxxxx Xxxxxx
25,003 Xxxx Xxxx Xxxxxx
25,019 Xxxxxx X. Xxxxxx
25,019 Xxxxxx X. Xxxxxx
150,117 Xxxxxxx Capital Diversified Fund LP
15,094 Xxxxxx X. Xxxxxxx
1,000 Xxxxxxxxx Xxxx, III
55,625 Xxxxxxxxx Xxxx, III
10,000 Xxx Xxxxxx Xxxx
9,000 Xxxx X. Xxxxxx
9,000 Xxxx X. Xxxxxx
7,500 Xxxx Xxxx
7,500 Xxxx Xxxx
12,750 Xxxxx X. Xxxxxxx, Xx.
6,000 Compton Family Partners Ltd.
4,500 Xxxx X. Xxxx
3,000 Xxxx X. Xxxx
