Notice of Option Repricing under 2007 Equity Incentive Plan – Solar Enertech Corp.
Contract Categories:
Business Finance
›
Equity Distribution Agreements
Summary
Solar Enertech Corp. has announced that its board of directors has approved a change to the exercise price of stock options granted under the company's 2007 Equity Incentive Plan. All options issued between September 25, 2007, and February 5, 2008, will now have an exercise price of $0.62 per share. This notice, dated May 9, 2008, informs option holders of the repricing decision, which was authorized by the board and signed by the Chief Financial Officer, Anthea Chung.
EX-4.1 2 v113640_ex4-1.htm 
1600 ADAMS DRIVE, MENLO PARK, CA 94025
NOTICE OF REPRICING OPTIONS ISSUED
PURSUANT TO THE COMPANY’S 2007 EQUITY INCENTIVE PLAN
To the holders of options to purchase common stock:
On May 9, 2008, the board of directors of Solar Enertech Corp. (the “Company”), authorized the repricing of the exercise price of the options issued pursuant to the Company’s 2007 Equity Incentive Plan (“Plan”) to $0.62. This repricing of the options to purchase common stock of the Company will apply to all of the options issued between September 25, 2007 and February 5, 2008.
May 9, 2008
By ORDER OF THE BOARD OF DIRECTORS,
| SOLAR ENERTECH CORP. | |
| By: | /s/ Anthea Chung |
| Anthea Chung, Chief Financial Officer | |
