Stock Option Termination Agreement between Transax International Limited and Laurie Bewes dated December 30, 2011
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Summary
This agreement is between Transax International Limited and Laurie Bewes. Laurie Bewes confirms that she has not exercised or transferred her options to purchase 100,000 shares of the company's common stock and agrees to terminate these stock options. She also confirms that she has no further rights to buy company securities or receive compensation from the company. The agreement is effective as of December 30, 2011.
EX-10.42 13 exh10-42.htm STOCK OPTION TERMINATION AGREEMENT DATED DECEMBER 30, 2011 BETWEEN TRANSAX INTERNATIONAL LIMITED AND LAURIE BEWES. exh10-42.htm
Exhibit 10.42
Stock Option Termination Agreement
Re: Options to purchase 100,000 shares of Transax International Limited, a Colorado corporation (the “Company”) common stock, $0.00001 par value, at an exercise price of $0.06 per share (the “Stock Options”) issued under the Company’s 2004 Stock Option Plan
The undersigned hereby confirms and agrees that the above referenced Stock Options have not been exercised or assigned by the undersigned and are hereby terminated. Further, the undersigned confirms and agrees that the undersigned has no other rights to purchase any securities of the Company or receive any compensation from the Company.
/s/ Laurie Bewes
Laurie Bewes
Date: December 30, 2011
