Third Amendment to Cancer Prevention Pharmaceuticals, Inc. 2010 Equity Incentive Plan
This amendment, effective July 17, 2014, increases the number of shares of common stock available for awards under Cancer Prevention Pharmaceuticals, Inc.'s 2010 Equity Incentive Plan from 3,525,562 to 5,500,000. The rest of the plan remains unchanged. The amendment was approved by the company's Board of Directors and certified by the Chairman and CEO.
Exhibit 4.14
THIRD AMENDMENT TO THE
CANCER PREVENTION PHARMACEUTICALS, INC.
2010 EQUITY INCENTIVE PLAN
This Third Amendment to the Cancer Prevention Pharmaceuticals, Inc. 2010 Equity Incentive Plan (the “Plan”) is effective July 17, 2014.
WHEREAS, the Board of Directors of Cancer Prevention Pharmaceuticals, Inc., a Delaware corporation (the “Company”) has adopted and the stockholders of the Company have approved the Plan, as amended; and
WHEREAS, the Board of Directors deems it to be in the best interest of the Corporation to amend the Plan in order to increase the maximum number of shares of common stock that may be subject to Awards and sold under the Plan from 3,525,562 shares (post stock split) to 5,500,000 (post stock split).
NOW, THEREFORE, the Plan shall be amended as follows:
1. | Section 3(a) shall be deleted in its entirety and the following substituted in lieu thereof: |
“3(a) Stock Subject to the Plan. Subject to the provisions of Section 11 of the Plan, the maximum aggregate number of Shares that may be subject to Awards and sold under the Plan is 5,500,000 Shares. The Shares may be authorized but unissued, or reacquired Common Stock.”
2. | Except as amended herein, the terms and provision of the Plan shall remain unchanged and in full force and effect. |
IN WITNESS WHEREOF, the undersigned Chairman and Chief Executive Officer of the Company certifies that the foregoing Third Amendment of the Cancer Prevention Pharmaceuticals, Inc. 2010 Equity Incentive Plan was duly adopted by the Board of Directors of the Company.
CANCER PREVENTION PHARMACEUTICALS, INC. | |||
By: | /s/ Jeffrey Jacob | ||
Jeffrey Jacob, Chairman and Chief Executive Officer |