Kopin amends preferred stock conversion price to $5.50, enters μLED development deal with Theon

KOPIN CORP

Amendment raises mandatory conversion price of Series A Preferred Stock from $4.50 to $5.50 per share.
Side letter includes development of colour μLED micro-display for Theon with exclusivity and pricing terms.
Theon to pre-pay $4M development costs for Theon μLED; may convert to 4% loan if plan not justified.
Side letter also governs U.S. commercialization terms and amounts owed on sales of μLED products.

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