Amendment to Interactive Knowledge, Inc. 1998 Stock Option Plan by netLibrary, Inc.

Contract Categories: Business Finance › Stock Agreements
Summary

netLibrary, Inc. (formerly Interactive Knowledge, Inc.) has amended its 1998 Stock Option Plan to increase the total number of shares available for option grants to 5,021,666. This amendment is effective as of February 18, 2000, and is signed by the company's president, Timothy R. Schiewe. The amendment changes the specific section of the plan that sets the maximum number of shares that can be issued under the plan.

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EX-10.2 5 ex10-2.txt AMENDMENT TO STOCK OPTION PLAN 1 EXHIBIT 10.2 AMENDMENT TO 1998 STOCK OPTION PLAN netLibrary, Inc., a Delaware corporation (formerly Interactive Knowledge, Inc) does hereby amend the Interactive Knowledge, Inc. 1998 Stock Option Plan, as amended (the "Option Plan") as follows: The first sentence of Article IV, Section 4.1 of the Option Plan is amended in its entirety to read as follows: 4.1 Number of Shares. The total number of Shares as to which the Options may be granted pursuant to the Plan shall be 5,021,666 in the aggregate. IN WITNESS WHEREOF, this Amendment to the Interactive Knowledge, Inc. 1998 Stock Option Plan has been signed and is effective the 18th day of February, 2000. NETLIBRARY, INC. By: /s/ TIMOTHY R. SCHIEWE --------------------------------- Name: Timothy R. Schiewe Title: President