EXHIBIT 4.7
ALLONGE AND AMENDMENT
to
SERIES C WARRANTS OF ELXSI CORPORATION
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THIS ALLONGE AND AMENDMENT (this "instrument") to the Series C Warrant
to Purchase Common Stock of ELXSI Corporation, a Delaware corporation (the
"Company"), described hereinbelow (the "Subject Warrants Agreement"; and the
warrants evidenced thereby, the "Subject Warrants") is being executed by the
Company and the current holder (the "Holder") of the Subject Warrants, with the
intention and understanding that: (1) the amendments set forth herein shall be
binding upon the Company, the Holder and their respective successors and assigns
(including, without limitation, subsequent holders of the Subject Warrants); and
(2) this instrument shall be attached to, and form a part of, the Subject
Warrants Agreement or, in lieu thereof, that the amendments of the Subject
Warrants provided for herein shall be incorporated in any new Subject Warrants
Agreement that may be issued at a future date (including upon any transfer of
the Subject Warrants).
FOR GOOD AND VALUABLE CONSIDERATION, the receipt and sufficiency of
which are hereby acknowledged by the parties hereto, and intending to be legally
bound, it is hereby agreed as follows:
1. Increase in of Exercise Price. With the intention of increasing the
current exercise price of the Subject Warrants from $4.36 per share to $5.23 per
share, the Subject Warrant Agreement is hereby amended by: (A) deleting the
"$4.36" where it appears in the initial paragraph thereof; and (B) inserting, in
lieu thereof, "$5.23".
2. Extension of Expiration Date. With the intention of extending the
expiration date of the Subject Warrants by two years, the Subject Warrant
Agreement is hereby amended by: (A) deleting the "January 31, 1997" where it
appears in the definition of "Expiration Date" therein and; and (B) inserting,
in lieu thereof, the "January 31, 1999".
3. Miscellaneous. Except as expressly amended hereby, the Subject
Warrants Agreement shall remain in full force and effect in accordance with the
terms thereof. This instrument shall be governed by the laws of the State of New
York, without regard to the provisions thereof relating to conflict of laws.
Dated: , 1997 Subject Warrants:
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Cert. No.: C-3
Dated: 8/1/95
No. Warrants: 68,762
Agreed and Accepted:
The Company: The Holder:
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ELXSI Corporation Xxxxx Xxxxxxxx L.L.C.
By: By:
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Name: Name:
Title: Title:
