Exhibit 10.32
AMENDMENT TO APRIL 28, 1998
NONQUALIFIED WARRANT AGREEMENT
By and between
AVIATION GROUP, INC. AND ________________
WHEREAS a special meeting of the Board of Director of Aviation Group, Inc.
(the "Company") was held August 17, 1999 wherein the Company agreed to amend the
NONQUALIFIED WARRANT AGREEMENT for ___________ shares of Common Stock of
the Company between the Company and _____________________ dated August 28, 1998
as more fully described in the minutes of said meeting attached herewith,
NOW THEREFORE, the Company hereby amends the exercise price of the Warrant
to $1.6875. All other rights and obligations of the parties described in the
NONQUALIFIED STOCK OPTION AGREEMENT are to remain the same.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed, as of the day and year first above written.
AVIATION GROUP, INC.
By:
_________________________________
__________________________________
AMENDMENT TO AUGUST 22, 1997
QUALIFIED STOCK OPTION AGREEMENT
By and between
AVIATION GROUP, INC. AND _______________________.
WHEREAS a special meeting of the Board of Director of Aviation Group, Inc.
(the "Company") was held August 17, 1999 wherein the Company agreed to amend the
QUALIFIED STOCK OPTION AGREEMENT for __________________shares of Common Stock of
the Company between the Company and
_______________________________________________dated August 22, 1997 as more
fully described in the minutes of said meeting attached herewith,
NOW THEREFORE, the Company hereby amends the exercise price of the Warrant
to $1.6875. All other rights and obligations of the parties described in the
QUALIFIED STOCK OPTION AGREEMENT are to remain the same.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed, as of the day and year first above written.
AVIATION GROUP, INC.
By:
___________________________________
____________________________________
QUALIFIED STOCK OPTIONS
AND NON-QUALIFIED STOCK WARRANTS
--------------------------------
QUALIFIED STOCK OPTIONS
-----------------------
Prior New
----- ---
Person Shares Exercise Price Exercise Price
------------- ------ -------------- --------------
Xxxxxxx 50,000 $3.50 $1.8563
Xxxxxx 6,000 3.50 1.6875
Lubo 4,000 3.50 1.6875
Xxxxxx 10,000 2.25 1.6875
Xxxxxx 4,000 3.50 1.6875
Xxxxxxxxxxx 1,000 3.50 1.6875
Xxxxxx 2,000 3.50 1.6875
Xxx 2,000 3.50 1.6875
Xxxxxx 2,000 3.50 1.6875
Xxxxxx 2,000 3.50 1.6875
Xxxxxxxxx 1,000 3.50 1.6875
Xxxxx 1,000 3.50 1.6875
------
TOTAL 85,000
NON-QUALIFIED WARRANTS
----------------------
Prior New
----- ---
Person Shares Exercise Price Exercise Price
---------- ------- -------------- --------------
Xxxxxxx 200,000 $3.50 $1.6875
Xxxxxxxx 15,000 3.50 1.6875
Weed 20,000 3.50 1.6875
Xxxxxx 115,000 3.50 1.6875
-------
TOTAL 350,000
