Amendment No. 1 to IceWEB, Inc. 2012 Equity Compensation Plan

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This amendment, executed by IceWEB, Inc. on January 17, 2013, increases the number of shares of common stock available under the company's 2012 Equity Compensation Plan from 20,000,000 to 75,000,000. All other terms of the original plan remain unchanged. The amendment is signed by the company's CEO and notarized.

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EX-10.1 2 v332395_ex10-1.htm EXHIBIT 10.1

 

Exhibit 10.1

 

IceWEB, Inc.

AMENDMENT NO. 1

TO

ICEWEB, INC.

2012 EQUITY COMPENSATION PLAN

 

WHEREAS, On August 28, 2012, IceWEB, Inc. (the “Company”), adopted the 2012 Equity Compensation Plan (the “Plan”) covering 20,000,000 shares of Common Stock;

 

WHEREAS, the Company desires to amend the Plan to further increase the authorized number of shares of Common Stock included within the Plan;

 

NOW, THEREFORE, the Company hereby amends the Plan as follows:

 

1.Section 4 of the Plan entitled “Shares Subject to Plan” is hereby amended so that the maximum aggregate number of shares which may be issued under the Plan shall be 75,000,000 shares of Common Stock.

 

  2.   Except as modified herein, the terms and conditions of the Plan shall remain in full force and effect.

 

Executed this 17th day of January, 2013.

 

  ICEWEB, INC.  
       
By: /s/ Robert M. Howe III  
  Robert M. Howe III, CEO  
     
       

 

Notary:

 

Subscribed and sworn before me this 17th day of January, 2013.

 

/s/ My Le Phuong

Notary Public

 

My Commission Expires May 31, 2013

 

 

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