Amendment to Director Stock Option Agreement for Michael Bozora

Contract Categories: Business Finance › Warrant Agreements
Summary

This document amends the terms of a stock option previously granted to Michael Bozora, a director. It confirms the grant of 73,833 non-qualified stock options at an exercise price of $0.01625 per share, with specific vesting details: 24,611 shares vested before December 3, 2008, and 49,222 shares vested on December 3, 2008. The amendment is agreed to and signed by Michael Bozora.

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EX-10.4 7 mbamendfordiroptions.htm BOZORA AMENDMENT FOR DIRECTOR OPTIONS mbamendfordiroptions.htm
 
 
 

EXHIBIT 1
 
DIRECTOR OPTION TERMS (amended December 3, 2008)
 
Name of Grantee:                                                                Michael Bozora
 
Date of Grant:                                                                January 1, 2006
 
Number of Shares Granted:                                                                           73,833
 
Exercise Price:                                                      $0.01625
 
Type of Option
(Qualified or Non-Qualified):                                                                           Non-Qualified

Vesting:                                                      24,611 shares have vested prior to December 3, 2008
 
 
49,222 shares have vested on December 3, 2008
 

 

 
Amendment of Option Terms agreed to by Grantee:
 

 
___/s/ Michael Bozora________________
 
Print Name: Michael Bozora