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INDUSTRY NOTES

October 02, 1987

Xytronyx Inc. has completed a private placement of $500,000 in convertible subordinated notes bearing 8.5% interest. The one-year notes, which are callable by the company, are convertible at any time before maturity at $10 per share. The initial investors will also receive five-year warrants to purchase 50,000 Xytronyx shares at $12 a share.

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