NOTICE OF EXERCISE June 25, 2008Advance Display Technologies Inc • July 2nd, 2008 • Patent owners & lessors
NOTICE IS HEREBY GIVEN that, in accordance with the Subscription Schedule set forth in the Subscription Agreement dated February 25, 2008, by and between Advance Display Technologies, Inc. (“ADTI”) and Lawrence F. DeGeorge, ADTI hereby exercises its right to require the additional purchase by Mr. DeGeorge of 9,091 shares of ADTI’s Series G Preferred Stock at a price of $110 per share, for a total purchase price of $1,000,010. Under the Subscription Agreement, such purchase is to occur within ten (10) days of the date of this Notice.
