FIRST AMENDMENT TO
SERIES B CONVERTIBLE PREFERRED
STOCK PURCHASE AGREEMENT
This First Amendment to Series B Convertible Preferred Stock Purchase
Agreement (this "First Amendment") is made as of October 14,1999, by and
between Microvision, Inc. (the "Company") and ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ (the
"Purchaser"). All capitalized terms not herein defined shall have the
meanings ascribed to them in the Series B Convertible Preferred Stock
Purchase Agreement (the "Agreement") dated as of January 14, 1999, by and
between the Company and the Purchaser.
WHEREAS, the Company and the Purchaser entered into the Agreement,
pursuant to which the Company, among other things, issued an option to
purchase 1,920 shares of its Series B Convertible Preferred Stock, Class 3
(the "Option") to the Purchaser; and
WHEREAS, the Company and the Purchaser now desire to amend the terms of
the Option by amending the Agreement, in accordance with Section 6.1 thereof;
NOW, THEREFORE, the parties hereto hereby agree as follows:
1. AMENDMENT TO SECTION 2.3. Section 2.3 "Option to Purchase Series
B-3 Stock" shall be replaced in its entirety with the following:
"2.3 Option to Purchase Common Stock. At any time through June 30, 2000,
Purchaser shall have the option to purchase up to 100,000 shares of
Common Stock at a purchase price of nineteen and 20/100ths dollars
($19.20) per share, for an aggregate purchase price of one million
nine hundred twenty thousand dollars ($1,920,000).
2. WAIVER OF RIGHT TO DIVIDENDS ON SERIES B-2 STOCK. In consideration of
the foregoing amendment to the Option, Purchaser hereby waives any and all
rights and claims in and to dividends payable by reason of her ownership
of any Series B-2 Stock.
3. NO OTHER AMENDMENTS. The Agreement, as amended by the First Amendment,
shall remain in full force and effect except as herein amended.
IN WITNESS WHEREOF, the Company and the Purchaser have caused this First
Amendment to be executed effective as of the date first written above.
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MICROVISION, INC. ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
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Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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Its: Chief Financial Officer
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