GOFISH CORPORATION STOCK OPTION CANCELLATION AGREEMENT
Exhibit
10.27
GOFISH
CORPORATION
This
Agreement (the “Agreement”),
effective as of June 30, 2007, is entered into between GoFish Corporation,
a
Nevada corporation (the “Company”)
and
Xxxx Xxxxxx (the “Grantee”)
(together the “Parties”).
RECITALS
WHEREAS, the
Grantee was previously granted an option (the “Option”)
to
purchase 250,000 shares of common stock of the Company under the Company’s 2006
Equity Incentive Plan pursuant to a Stock Option Award Agreement dated February
23, 2007 (the “Option
Agreement”).
WHEREAS,
all
250,000 shares remain subject to the Option and have not been exercised as
of
the date hereof;
WHEREAS,
it is
in the best interest of the Company and the Grantee to cancel the Option
with
respect to all shares subject to the Option.
NOW,
THEREFORE,
for
good and valuable consideration, receipt of which is hereby acknowledged,
the
Company and the Grantee hereby agree as follows:
1. The
Grantee and the Company agree that the Option shall be cancelled effective
as of
June 30, 2007 with respect to all shares of common stock of the Company subject
to the Option and the Option Agreement is of no further force and
effect.
2. This
Agreement constitutes the entire agreement between the Parties with respect
to
the subject matter hereof and supersedes in its entirety all prior undertakings
and agreements of the Parties with respect to the subject matter
hereof
3. This
Agreement may be executed in one or more counterparts.
[Signature
page follows]
IN
WITNESS WHEREOF,
each of
the Company and the Grantee has executed this Agreement as of the date first
set
forth above.
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GOFISH
CORPORATION
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By:
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/s/
Xxxxxxx Xxxxxxx
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Name:
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Xxxxxxx
Xxxxxxx
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Title:
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Chief
Executive Officer
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/s/
Xxxx Xxxxxx
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Xxxx
Xxxxxx
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