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Warrant to Purchase Common Stock

 

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Title:

Warrant to Purchase Common Stock

Entities:

Citibank, NA; Siemens AG; Coudert Brothers LLP

Date:

2002

Size:

Preview shows 7KB of 32KB total

Price:

$40

ID:

#363260

 

 

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THIS WARRANT HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS

AMENDED (THE "SECURITIES ACT"), OR ANY STATE SECURITIES LAW, AND MAY NOT BE
OFFERED FOR SALE, SOLD OR TRANSFERRED UNLESS A REGISTRATION STATEMENT UNDER
SUCH ACT AND APPLICABLE STATE SECURITIES LAWS SHALL BE EFFECTIVE WITH RESPECT
THERETO, OR AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT AND
APPLICABLE STATE SECURITIES LAWS IS AVAILABLE IN CONNECTION WITH SUCH OFFER,
SALE OR TRANSFER. SUBJECT TO COMPLIANCE WITH THE REQUIREMENTS OF THE
SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS, THIS WARRANT AND THE
SECURITIES ISSUABLE UPON EXERCISE OF THIS WARRANT MAY BE PLEDGED IN CONNECTION
WITH A BONAFIDE MARGIN ACCOUNT OR OTHER LOAN SECURED BY THIS WARRANT OR ANY OF
THE SECURITIES ISSUABLE UPON EXERCISE OF THIS WARANT.

Warrant to Purchase Issue Date: March 28, 2002
262,663 Shares

WARRANT TO PURCHASE COMMON STOCK

of

RAMTRON INTERNATIONAL CORPORATION

THIS CERTIFIES that Infineon Technologies AG, a German stock corporation
("Infineon") or any subsequent holder hereof (the "Holder"), has the right to
purchase from RAMTRON INTERNATIONAL CORPORATION, a Delaware corporation (the
"Company"), up to two hundred sixty-two thousand six hundred sixty-three
(262,663) fully paid and nonassessable shares of the Company's common stock,
par value $.01 per share (the "Common Stock"), subject to adjustment as
provided herein, at a price equal to the Exercise Price (as defined below), at
any time beginning on the date on which this Warrant is issued (the "Issue
Date") and ending at 5:00 p.m., New York time, on the date that is the fifth
(5th) anniversary of the Issue Date (the "Expiration Date"). This Warrant is
issued pursuant to the Securities Purchase Agreement, dated as of March 14,
2002, between the Company and Infineon (the "Securities Purchase Agreement").
Capitalized terms used herein and not otherwise defined shall have the
respective meanings set forth in the Securities Purchase Agreement.

1. Exercise.

(a) Right to Exercise; Exercise Price. The Holder shall have the right to
exercise this Warrant at any time and from time to time during the period
beginning on the Issue Date and ending on the Expiration Date as to all or
any part of the shares of Common Stock covered hereby (the "Warrant
Shares"). The "Exercise Price" payable by the Holder in connection with
the exercise of this Warrant shall be equal to $4.28 (subject to
adjustment for the events specified in Section 6 below).


Page-1

{PAGE}


(b) Exercise Notice. In order to exercise this Warrant, the Holder shall send
by facsimile transmission, at any time prior to 7:00 p.m., New York time,
on the Business Day on which the Holder wishes to effect such exercise
(the "Exercise Date"), to the Company and to its designated transfer agent
for the Common Stock (the "Transfer Agent") a copy of the notice of
exercise in the form attached hereto as Exhibit A (the "Exercise Notice")
stating the number of Warrant Shares as to which such exercise applies and
the calculation therefor. The Holder shall thereafter deliver to the
Company the original Exercise Notice, the original Warrant and, in the
case of a Cash Exercise (as defined below), the Exercise Price. In the
case of a dispute as to the calculation of the Exercise Price or the
number of Warrant Shares issuable hereunder (including, without
limitation, the calculation of any adjustment pursuant to Section 6
below), the Company shall promptly issue to the Holder the number of
Warrant Shares that are not disputed and shall submit the disputed
calculations to the Company's independent accountant of national
recognition within two (2) Business Days following the date on which the
Exercise Notice is delivered to the Company. The Company shall cause such
accountant to calculate the Exercise Price and/or the number of Warrant
Shares issuable hereunder and to notify the Company and the Holder of the
results in writing no later than two (2) Business Days following the day
on which such accountant received the disputed calculations (the "Dispute
Procedure"). Such accountant's calculation shall be deemed conclusive
absent manifest error. The fees of any such accountant shall be borne by
the party whose calculations were most at variance with those of such
accountant.

(c) Holder of Record. The Holder shall, for all purposes, be deemed to have
become the holder of record of the Warrant Shares specified in an Exercise
Notice on the Exercise Date specified therein, irrespective of the date of
delivery of such Warrant Shares. Except as specifically provided herein,
nothing in this Warrant shall be construed as conferring upon the Holder
hereof any rights as a stockholder of the Company prior to the Exercise
Date.

(d) Cancellation of Warrant. This Warrant shall be canceled upon its exercise
and, if this Warrant is exercised in part, the Company shall, at the time
that it delivers Warrant Shares to the Holder pursuant to such exercise as
provided herein, issue a new warrant, and deliver to the Holder a
certificate representing such new warrant, with terms identical in all
respects to this Warrant (except that such new warrant shall be
exercisable into the number of shares of Common Stock with respect to
which this Warrant shall remain unexercised); provided, however, that the
Holder shall be entitled to exercise all or any portion of such new
warrant at any time following the time at which this Warrant is exercised,
regardless of whether the Company has actually issued such new warrant or
delivered to the Holder a certificate therefor.


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{PAGE}


2. Delivery of Warrant Shares Upon Exercise. Upon receipt of an Exercise
Notice pursuant to paragraph 1 above, the Company shall, (A) in the case of a
Cashless Exercise (as defined below), no later than the close of business on
the third (3rd) Business Day following the Exercise Date set forth in such
Exercise Notice, (B) in the case of a Cash Exercise (as defined below) no later
than the close of business on the later to occur of (i) the third (3rd)

 

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