EXHIBIT1 DIRECTOROPTION TERMS (amended December 3, 2008)

EX-10.8 9 tramendfordiroptions.htm REDPATH AMENDMENT FOR DIRECTOR OPTIONS tramendfordiroptions.htm
 
 
 

EXHIBIT 1
 
DIRECTOR OPTION TERMS (amended December 3, 2008)
 
Name of Grantee:                                                                Timothy Redpath
 
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/ Timothy Redpath_________________
 
Print Name: Timothy Redpath