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Technology Stocks : SYQUEST -- Ignore unavailable to you. Want to Upgrade?

To: Wizard who wrote (6444)	5/18/1998 2:37:00 PM
From: Gary Wisdom	Respond to of 7685

FROM SYQUEST 8-K filed today Note that Syjunk gave CC investments 2.2M shares if they would buy 1.5MM shares today. Quite a deal for someone. This letter confirms that SyQuest Technology, Inc. ("SyQuest") and CC Investments, LDC ("CCI") agree as follows: 1. CCI will exercise part of its warrant it received in connection with its purchase of the Company's Convertible Preferred Stock, Series 5 at $3.0469 per share to acquire 1,500,000 shares of the Company's common stock, for total proceeds of $4,570,350 (the "Proceeds") 2. Upon receipt of the Proceeds, plus an additional $78.52 representing the par value for an additional 785,175 shares (the "Additional Common Shares") of the Company's common stock, the Company will issue a total of 2,285,175 shares of common stock to CCI.