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EXHIBIT 10.18.2
FIRST AMENDMENT TO
WARRANT CERTIFICATE NO. W-PA-5
AND
UNDERLYING PLACEMENT AGENT'S WARRANT AGREEMENT
(FOR 38,067 SHARES DATED AS OF OCTOBER 4, 1995)
This shall constitute an Amendment to that certain Warrant Certificate for the
Purchase of Shares of Common Stock (the "Warrant Certificate") executed as of
October 4, 1995, by Xxxxxx Communications Corp. (predecessor to Xxxxxx
Communications, Inc., the "Company") in favor of XXXXXXXX, XXXXXX & XXXXXXXXXX,
INC. (the "Holder"), which agreement granted to Holder the right to purchase
38,067 shares of common stock of the Company. Said Warrant Certificate is hereby
amended and modified in the following manner:
1. To amend the Warrant Certificate to reflect 38,067 shares subject to future
option and amend the Purchase Price to $0.25 per share, the header and first
paragraph of the Warrant Certificate is hereby deleted and replaced with the
following header and paragraph:
"No. W-PA-5 38,067 Warrants
This Warrant Certificate certifies that XXXXXXXX, XXXXXX & XXXXXXXXXX, INC.
is the registered holder of Thirty Eight Thousand Sixty Seven (38,067)
Warrants to purchase initially, at any time from October 4, 1995 until 5:00
p.m., New York time on October 5, 2005 (the "Expiration Date"), up to
Thirty Eight Thousand Sixty Seven (38,067) fully paid and non-assessable
shares (the "Shares") of Common Stock, par value $0.001 (the "Common
Stock"), of Xxxxxx Communications, Inc., a Delaware corporation, (the
"Company"), at a purchase price of $0.25 per Share (the "Purchase Price"),
upon surrender of this Warrant Certificate and payment of the applicable
Purchase Price at an office or agency of the Company, but subject to the
conditions set forth herein and in the Placement Agent's Warrant Agreement
dated as of October 4, 1995, as amended, by and between the Company and
Xxxxxxxx, Xxxxxx & Xxxxxxxxxx, Inc. (the "Warrant Agreement"). Payment of
the Purchase Price shall be made by certified check or cashier's check or
money order payable to the order of the Company."
All other provisions of the Warrant Certificate shall remain in full force and
effect as amended, without modification.
2. Holder agrees that for purposes of applying the Warrant Certificate and the
Warrant Agreement, that the Holder hereby eliminates all prior and any future
price and share adjustments for dilutive events by hereby agreeing to the
deletion of Section 8 c. - "Adjustments for Dilutive Events" of the Warrant
Agreement in application with Holder's Warrant Certificate. The other
adjustments for other events provided in Section 8 and all other provisions of
the Warrant Agreement shall remain in full force and effect as amended, without
modification.
The undersigned Holder acknowledges that the Warrant Certificate has not been
assigned, transferred, pledged or encumbered in any manner and that the
undersigned has all corporate power and authority to execute this amendment
which is a binding agreement between Holder and Company.
IN WITNESS WHEREOF, the Company and Holder have caused this Amendment to be
executed by duly authorized officers effective as of the 30th day of September,
1997.
XXXXXX COMMUNICATIONS, INC.
BY: /s/ Xxxxxx X. Xxxx
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Xxxxxx X. Xxxx, President
XXXXXXXX, XXXXXX & XXXXXXXXXX, INC.
BY: /s/ Xxxx Xxxxx
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Printed Name: Xxxx Xxxxx
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Position: President and Chief Executive Officer
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