Exhibit 4.26
AMENDED COMPENSATION AGREEMENT
This Amended Compensation Agreement is dated as of June 16, 2003 among
Autocarbon, Inc., a Delaware corporation (the "Company") and Xxxxxx Xxxxxx
("Consultant").
WHEREAS, the Company had requested that the Consultant provide the Company with
services in connection with their business, and the Consultants provided the
Company with such services;
WHEREAS, the Company compensated the Consultant with an option to purchase
shares of its common stock for such services rendered;
WHEREAS, the Company entered into a Compensation Agreement dated April 28, 2003
(the "Agreement") evidencing such agreement; and
WHEREAS, the Company and the Consultant have agreed to amend the Agreement
pursuant to this Amended Compensation Agreement.
NOW THEREFORE, in consideration of the mutual covenants hereinafter stated, it
is agreed as follows:
Section 1 of the Agreement is replaced in its entirety with the following:
1. The Company has issued an option to purchase up to 20,000 shares of the
Company's common stock, $.0001 par value per share, to Consultant.
IN WITNESS WHEREOF, this Amended Compensation Agreement has been executed by the
parties as of the date first above written.
Autocarbon, Inc.
/s/Xxxxx Xxxxxx President
Xxxxx Xxxxxx President
/s/Xxxxxx Xxxxxx
Xxxxxx Xxxxxx
