Amendment to Non-Qualified Stock Option Terms for Director Al Williams

Contract Categories: Business Finance › Warrant Agreements
Summary

This document amends the terms of a non-qualified stock option granted to Al Williams on June 5, 2008. It specifies that 73,833 shares are subject to the option at an exercise price of $0.01625 per share. Of these, 24,611 shares vested immediately on the grant date, and 49,222 shares vested on December 3, 2008. The amendment is acknowledged and signed by Al Williams.

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EX-10.14 14 awamendfordiroptions.htm WILLIAMSAL AMENDMENT FOR DIRECTOR OPTIONS awamendfordiroptions.htm
 
 
 

EXHIBIT 1
 
OPTION TERMS (amended December 3, 2008)
 
Name of Grantee:                                                                Al Williams
 
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 the Option Terms acknowledged by Grantee:
 

 
_____/s/ Al Williams_____________
 
Print Name: Al Williams