Non-Qualified Stock Option Agreement between The Good Guys, Inc. and Robert A. Stoffregen

Summary

This agreement, dated October 6, 2000, is between The Good Guys, Inc. and Robert A. Stoffregen. It grants Mr. Stoffregen the option to purchase 75,000 shares of the company's common stock at $6.375 per share. The option becomes exercisable in three equal installments over three years and expires ten years from the agreement date. Although not issued under the company's 1994 Stock Incentive Plan, the option is subject to the same terms as that plan. Both parties have agreed to these terms and signed the agreement.

EX-10.20 7 f68046ex10-20.txt OPTION AGREEMENT - ROBERT A. STOFFREGEN 1 EXHIBIT 10.20 NON-QUALIFIED STOCK OPTION AGREEMENT THE GOOD GUYS, INC. THIS AGREEMENT made and entered into as of October 6, 2000, by and between the Good Guys, Inc., a Delaware Corporation ("Company") and Robert A. Stoffregen (Optionee"). WITNESSETH: WHEREAS, there has been granted to Optionee, effective as of October 6, 2000, a non-qualified stock option outside the 1994 Stock Incentive Plan of the Company ("Incentive Plan"). NOW, THEREFORE, it is mutually agreed as follows: 1. The Optionee shall have a non-qualified stock option to acquire 75,000 shares of common stock of the Company ("the shares"), at the price of $6.375 per share. 2. This option shall become exercisable at the rate of 33 1/3 % of the total number of shares covered by this option on each of the first three anniversaries of this Agreement. 3. This option shall not be exercisable after the expiration of ten years from the date hereof. 4. Even though this option is not granted under the Incentive Plan, the other terms of this option shall be the same as those provided for in the Incentive Plan. The Incentive Plan is attached hereto and is incorporated herein by this reference. Optionee has read the Incentive Plan and agrees to be bound by its terms. 5. Any notice to be given by the Optionee under the terms of the Option Plan shall be deemed to have been duly given if sent by certified mail, postage and certification prepaid, to The Good Guys, Inc., 7000 Marina Blvd., Brisbane, California 94005, Attention: Chief Financial Officer. 2 IN WITNESS WHEREOF, the parties have caused this Agreement to be executed as of the day and year referred to above. THE GOOD GUYS, INC. By: /s/ RONALD UNKEFER ----------------------------------- Ronald Unkefer By: /s/ ROBERT A. STROFFREGEN ----------------------------------- Robert A. Stroffregen 2