EXHIBIT 10.2
AMENDMENT TO STOCK OPTION AGREEMENT
AMENDMENT ("Amendment"), made as of the 4th day of September, 2003, to
the Stock Option Agreement (the "Agreement"), dated as of the 30th day of April,
1999, by and between Sentigen Holding Corp., a Delaware corporation with its
principal place of business at 000 Xxxxxxxx Xxxxxx, Xxxxxxxxxxxx, Xxx Xxxxxx
00000 (the "Company"), and Xxxxxx X. Xxxxxx (the "Optionee").
W I T N E S S E T H:
WHEREAS, the Company granted to the Optionee an option (the "Option")
to purchase an aggregate of 217,000 shares of the Company's common stock, par
value $.01, at a price per share of $1.625, on May 14, 1996 pursuant to the
Company's 1990 Stock Option Plan and upon the terms and conditions set forth in
the Agreement;
WHEREAS, the expiration date of the Option was previously extended by
the Company to April 30, 2004 and the Agreement was entered into; and
WHEREAS, the Company and the Optionee desire to further extend the
expiration date of the Option.
NOW, THEREFORE, the parties hereto agree as follows:
1. Section 3(a) of the Agreement is amended in its entirety to read as
follows:
"(a) Except as otherwise earlier terminated in accordance with
Paragraphs 3(b)-(d) hereof, the Option, to the extent
unexercised, shall terminate on April 30, 2006."
2. This Amendment amends the Agreement as set forth herein and all
provisions, rights and obligations under the Agreement shall remain in
full force and effect, as amended hereby.
3. This Amendment may be executed in counterparts, each of which shall be
deemed an original and shall be binding as of the date first written
above, and all shall constitute one and the same instrument.
IN WITNESS WHEREOF, this Amendment has been executed as of the date first
above written.
SENTIGEN HOLDING CORP
/s/ Xxxxxxxx X. Xxxxx
Chief Financial Officer
/s/ Xxxxxx X. Xxxxxx
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