Amendment to Director Stock Option Terms for Mark Brosche

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This document amends the terms of a stock option grant for Mark Brosche, a director. It specifies that Mr. Brosche was granted options to purchase 73,833 shares at an exercise price of $0.01625 per share. Of these, 24,611 shares vested immediately on the original grant date (June 5, 2008), and the remaining 49,222 shares vested on December 3, 2008. The amendment is agreed to and signed by Mr. Brosche.

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EX-10.13 13 dbamendfordiroptions.htm BROSCHE AMENDMENT FOR DIRECTOR OPTIONS dbamendfordiroptions.htm
 
 
 

EXHIBIT 1
 
OPTION TERMS (amended December 3, 2008)
 
Name of Grantee:                                                                Mark Brosche
 
Date of Grant:                                                                June 5, 2008
 
Number of Shares Granted:                                                                           73,833
 
Exercise Price:                                                      $0.01625
 
Type of Option
(Qualified or Non-Qualified):                                                                           Non-Qualified

Vesting:                                                      24,611 shares vest immediately upon the date of grantabove
 
 
49,222 shares have vested on December 3, 2008
 

 

 
Amendment to Option Terms agreed to by Grantee:
 

 
___/s/ Mark Brosche___________________
 
Print Name: Mark Brosche