Amendment to Non-Qualified Stock Option Agreement between Duska Therapeutics, Inc. and James S. Kuo

Summary

Duska Therapeutics, Inc. and James S. Kuo have agreed to terminate a previous stock option agreement, originally granting Kuo the right to purchase 1,124,150 shares of the company's common stock at $1 per share. This amendment cancels the option and ends the original agreement, effective November 10, 2008, as part of the company's effort to reduce its outstanding options.

EX-10.24 3 cordex1024.htm AMENDMENT United State Securities and Exchange Commission Edgar Filing

Exhibit 10.24

DUSKA THERAPEUTICS, INC.

AMENDMENT TO NON-QUALIFIED STOCK OPTION AGREEMENT

THIS AMENDMENT (the “Amendment") TO THE NON-QUALIFIED STOCK OPTION AGREEMENT (the "Original Agreement") dated as of the 26th day of September, 2007 by and between Duska Therapeutics, Inc., a Nevada corporation (the "Company"), and James S. Kuo ("Optionee") is effective as of the 10^th day of November, 2008.

RECITAL

1. Pursuant to the 2004 Equity Incentive Plan (the "Plan") of the Company, the Optionee was issued a non-qualified stock option (the "Option") to purchase 1,124,150 shares of Common Stock of the Company at a price of $1 per share upon the terms and conditions set forth in the Agreement.

2. In order to reduce the number of the Company's issued and outstanding options, the Optionee has agreed to terminate the Agreement and have the Company cancel the Option.

AGREEMENT

NOW, THEREFORE, in consideration of the promises and of the undertakings of the parties hereto contained herein, it is hereby agreed:

1. The Agreement and the Option granted pursuant to the Agreement are hereby terminated.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date and year first above written.


	DUSKA THERAPEUTICS, INC.

	By:	/s/ Amir Pelleg, Ph.D.
		Name: Amir Pelleg, Ph. D.
		Title: President

	OPTIONEE

	By:	/s/ James Kuo
		Dr. James Kuo
		1050 Scorlati Place
		La Jolla, CA 92037