Action by Written Consent of the Board of Directors of Internet Sciences, Inc. to Amend the Incentive Plan
EXHIBIT 10.3
BOARD OF DIRECTORS RESOLUTION OF INTERNET SCIENCES, INC.
APRIL 11, 2025
WHEREAS, the Board of Directors (the “Board”) of Internet Sciences, Inc. (the “Company”) previously adopted the Internet Sciences, Inc. 2022 Stock Incentive Plan (the “Plan”), which was approved by the shareholders on December 22, 2022; and
WHEREAS, the Plan currently provides that the total number of shares of the Company’s common stock reserved and available for grant and issuance under the Plan is 1,000,000 shares; and
WHEREAS, the Board deems it advisable and in the best interests of the Company and its shareholders to increase the total number of shares reserved and available for grant and issuance under the Plan to 4,000,000 shares;
NOW, THEREFORE, BE IT RESOLVED, that Section 3.1 of the Plan be, and hereby is, amended to increase the total number of shares of the Company’s common stock reserved and available for grant and issuance under the Plan from 1,000,000 shares to 4,000,000 shares, subject to shareholder approval;
FURTHER RESOLVED, that the officers of the Company be, and each of them hereby is, authorized and directed to take any and all actions, and to execute and deliver any and all documents, necessary or appropriate to effectuate the foregoing resolution, including but not limited to, submitting the amended Plan to the Company’s shareholders for approval consistent with applicable laws;
FURTHER RESOLVED, that the Board recommends that the Company’s shareholders approve the amendment to the Plan to increase the total number of shares reserved and available for grant and issuance to 4,000,000 shares.
IN WITNESS WHEREOF, the undersigned directors have executed this resolution as of the date first above written.
| Lynda Chervil |
| Mark Deutsch |
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| Chief Executive Officer |
| Director |
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| /s/ Lynda Chervil |
| /s/ Mark Deutsch |
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| Mark Maybury |
| Debra Bigman |
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| Director |
| Director |
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| /s/ Mark Maybury |
| /s/ Debra Bigman |
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| Dimitrius Hutcherson |
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| Director |
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| /s/ Dimitrius Hutcherson |
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| Michael Kahn |
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| Director |
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| /s/ Michael Kahn |
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ISI Board Resolution to to change the cap in the stock incentive plan from 1 million to 4 million 4.9.2025
| Final Audit Report | 2025-04-16 |
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| Created: |
| 2025-04-11 |
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| By: |
| Drew Barnholtz ***@***) |
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| Status: |
| Signed |
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| Transaction ID: |
| CBJCHBCAABAA1N6s8o6NifrxKvbEXw9hVP6RCy5jIXAw |
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| "ISI Board Resolution to to change the cap in the stock incentive plan from 1 million to 4 million 4.9.2025" History | |
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| | Document created by Drew Barnholtz |
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| 2025-04-11 - 4:21:36 PM GMT- IP address: 108.200.224.56 |
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| | Document emailed to Lynda Chervil for signature |
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| 2025-04-11 - 4:21:40 PM GMT |
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| | Document emailed to Mark Maybury for signature |
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| 2025-04-11 - 4:21:40 PM GMT |
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| | Document emailed to Mark Deutsch for signature |
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| 2025-04-11 - 4:21:40 PM GMT |
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| | Document emailed to Michael Kahn for signature |
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| 2025-04-11 - 4:21:40 PM GMT |
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| | Document emailed to Dimitrius Hutcherson for signature |
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| 2025-04-11 - 4:21:41 PM GMT |
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| | Document emailed to Debbie Bigman for signature |
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| 2025-04-11 - 4:21:41 PM GMT |
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| | Email viewed by Mark Maybury |
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| 2025-04-11 - 4:21:47 PM GMT- IP address: 66.249.88.1 |
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| | Email viewed by Dimitrius Hutcherson |
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| 2025-04-11 - 4:25:20 PM GMT- IP address: 74.125.212.193 |
| | Email viewed by Michael Kahn |
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| 2025-04-11 - 4:28:33 PM GMT- IP address: 104.28.133.27 |
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| | Document e-signed by Mark Maybury |
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| Signature Date: 2025-04-11 - 4:33:13 PM GMT - Time Source: server- IP address: 172.58.151.239 |
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| | Email viewed by Mark Deutsch |
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| 2025-04-11 - 4:44:35 PM GMT- IP address: 68.132.133.143 |
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| | Document e-signed by Mark Deutsch |
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| Signature Date: 2025-04-11 - 4:45:04 PM GMT - Time Source: server- IP address: 68.132.133.143 |
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| | Email viewed by Lynda Chervil |
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| 2025-04-11 - 4:47:12 PM GMT- IP address: 146.75.252.1 |
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| | Document e-signed by Lynda Chervil |
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| Signature Date: 2025-04-11 - 4:51:45 PM GMT - Time Source: server- IP address: 174.216.242.27 |
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| | Document e-signed by Dimitrius Hutcherson |
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| Signature Date: 2025-04-11 - 6:04:17 PM GMT - Time Source: server- IP address: 40.135.180.34 |
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| | Email viewed by Michael Kahn |
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| 2025-04-14 - 7:37:14 PM GMT- IP address: 104.28.133.20 |
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| | Document e-signed by Michael Kahn |
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| Signature Date: 2025-04-14 - 10:08:35 PM GMT - Time Source: server- IP address: 37.19.212.123 |
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| | Email viewed by Debbie Bigman |
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| 2025-04-16 - 7:21:46 PM GMT- IP address: 172.224.237.1 |
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| | Document e-signed by Debbie Bigman |
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| Signature Date: 2025-04-16 - 7:22:19 PM GMT - Time Source: server- IP address: 174.229.93.109 |
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| | Agreement completed. |
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| 2025-04-16 - 7:22:19 PM GMT |
