Exhibit 10.3
[ATG Letterhead]
May 8, 2000
Donald Wright Pacific Trade and Development Corp., Inc.
RE: STOCK OPTIONS
Dear Mr. Wright:
We have been discussing certain amendments to your Stock Option Agreement dated March 5, 1999 covering 180,000 shares at an exercise price of $1.50 per share.
ATG agrees to reduce the exercise price under the Agreement to the high closing bid price on the trading day prior to exercise. Further, the Agreement terminates twenty (20) business days after the effective date of a Registration Statement on Form S-8 covering the 180,000 shares of common stock underlying the option to be filed by ATG as soon as practicable.
A form ...
*End of Preview*
Click the 'Add to Cart' button to download the complete and formatted agreement.