Enviro Voraxial Technology, Inc. Notice of Option Extension and Exercise Price Reduction

Contract Categories: Business Finance › Warrant Agreements
Summary

Enviro Voraxial Technology, Inc. has issued this notice to a stock option holder, informing them that their existing stock option agreement has been amended. The expiration date of the option is extended to November 15, 2023, and the exercise price is reduced to $0.05 per share. All other terms of the original option agreement remain unchanged. This amendment is effective upon payment of $10.00 and other consideration by the option holder.

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EX-4.1 2 ex4-1.htm FORM OF NOTICE REGARDING THE AMENDMENT TO OPTION. ex4-1.htm
Exhibit 4.1

 
NOTICE OF OPTION EXTENSION AND REDUCTION IN EXERCISE PRICE
 
September _____, 2014

 
Reference is made to the Enviro Voraxial Technology Stock Option Agreement  (the “Option”) issued in the name of  XXXX (“Registered Holder”). The Option entitles Registered Holder to purchase up to XXXX shares of Common Stock of  Enviro Voraxial Technology, Inc. (the “Company”) at a purchase price as set forth under the Option.
 
For $10.00 and other good and valuable consideration, the Option has been amended to extend the expiration date to November 15, 2023 (the “Expiration Date”) and reduce the exercise price to $0.05 per share, subject to adjustment (the “Exercise Price Reduction”).
 
Except for the extension of the Expiration Date and Exercise Price Reduction described herein, the terms and conditions of the Option shall not be amended, waived or otherwise modified in any respect by this Notice.
 

 
 
 
ENVIRO VORAXIAL TECHNOLOGY, INC.
  
     
     
     
     
  _____________________________  
  John DiBella, Chief Executive Officer