Xerox Corp – ‘SC 13D/A’ on 8/18/95 re: Microlytics Inc/DE – EX-7

As of:  Friday, 8/18/95   ·   Accession #:  108772-95-16   ·   File #:  5-39740

in

this entire Filing. an “Entity” Search.

Show

Documents searched

and

each “hit”. the 1st “hit”.

↓↑Hints

Amendment to General Statement of Beneficial Ownership   —   Schedule 13D
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13D/A    Xerox Corporation Schedule 13D/A                       8±    35K 
 3: EX-7        Warrant Dated 13 September 1994                        1      7K 
 4: EX-8        Warrant Dated 26 January 1995                          1      7K 
 5: EX-9        Warrant Dated 10 February 1995                         1      7K 
 6: EX-10       Warrant Dated 23 March 1995                            1      7K 
 7: EX-11       Warrant Dated 19 April 1995                            1      8K 
 8: EX-12       Asset Management Agreement                             7±    28K 
 2: EX-99       Exhibit Index                                          1      6K 

EX-7   —   Warrant Dated 13 September 1994

                                           EXHIBIT (7)
WARRANT         

This Warrant Grant is made this 13th day of September 1994, between             
SelecTronics, Inc., a Delaware corporation (herein referred to as the           
'Company') and Xerox Corporation (herein referred to as 'Xerox').               

WITNESSETH:         

1.  The Company hereby grants to Xerox for good and valuable                    
consideration received a warrant to purchase an aggregate of 225,000            
shares of the $.01 par value Common Stock of the Company (herein                
referred to as 'Shares').  The price shall be the lower of (i) ten cents        
($.10) per Common Share, or (ii) the lowest price per share realized in         
a public or private sale by the Company of its Common Stock in any              
transaction closed after the date of this Warrant in which such                 
transaction the aggregate gross sales price was one million dollars             
($1,000,000) or more.                                                           

2.  The warrant may be exercised at any time or from time to time as to         
all or any part of the Shares then available for exercise.                      

3.  This warrant, to the extent not exercised, shall expire on the fifth        
anniversary of the warrant date.                                                

4.  The warrant is not transferable by Xerox.                                   

5.  In order for the warrant to be exercised, in whole or in part, Xerox        
must give notice to the Company in writing and the notice must be               
accompanied by payment in full of the warrant exercise price for the            
Shares being purchased.                                                         

6.  Upon the exercise of the warrant, Xerox shall not thereafter                
transfer, encumber, or dispose of the Shares so purchased unless: (a) an        
effective registration statement covering such Shares is filled pursuant        
to the Securities Act of 1933, as amended, and applicable state law; or         
(b) an opinion letter of Xerox' counsel is obtained, satisfactory to the        
Company and its counsel, that such transfer is not in violation of any          
applicable federal or state securities laws or regulations.                     

7.  This warrant shall be binding upon and inure to the benefit of any          
successor or assignee of the Company and to any successor of Xerox.             

IN WITNESS WHEREOF, the Company has caused this warrant to be executed          
in its behalf by its duly authorized officer and to be sealed with its          
corporate seal, attested by its Secretary or Assistant Secretary.               

Dated: 13 September 1994                                                        
Pittsford, New York                                                             
ATTEST:                           SELECTRONICS, INC.                            
_______________________           By:_______________________                    

(Page 11 of 23)