Exhibit 10.14
AGREEMENT TO TERMINATE STOCK OPTIONS AND WARRANTS
This AGREEMENT (the "Agreement") dated this 25th day of July,
2000, by and among the Stockholders listed on Exhibit A attached hereto (the
"Stockholders") and AmeriCom USA, Inc., a Delaware corporation (the "Company").
RECITALS
WHEREAS, the Stockholders own the options and/or warrants to
purchase certain Class A shares of the Company's common stock, par value
$0.0001, listed on Exhibit A attached hereto (the "Common Stock Options and
Warrants"); and
WHEREAS, Stockholders believe that it is in the best interest
of the Company and crucial to the Company's ability to induce new investors to
invest in the Company that they surrender all of their Common Stock Options and
Warrants to the Company and terminate all of their rights to purchase such
Common Stock Options and Warrants; and
NOW, THEREFORE, in consideration of the mutual covenants and
agreements contained herein and other good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, the parties intending
to be legally bound hereto hereby agree as follows:
1. On the date first set forth above, the Stockholders will surrender
all of their Common Stock Options and Warrants to the Company and terminate all
of their rights to purchase such Common Stock Options and Warrants.
2. Governing Law. This Agreement shall be construed and the rights of
the parties governed in accordance with the laws of the State of Delaware except
for conflict of laws provisions to the extent that they would require the
application of the laws of another State.
3. Counterparts. The parties may execute any number of counterparts to
this Agreement, each of which shall be an original instrument, but all of which
taken together shall constitute one and the same Agreement. Signed facsimile
copies of this Agreement will legally bind the parties to the same extent as
original documents.
[Remainder of Page Intentionally Blank]
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IN WITNESS WHEREOF, the parties hereto have duly executed and delivered
this Agreement as of the day and year first above written.
AMERICOM USA, INC STOCKHOLDERS
By: /s/ Xxxxxx X. Xxxxxxxxxxxxx By: /s/ Xxxxx Xxxxx
---------------------------- ---------------------------
Name: Xxxxxx X. Xxxxxxxxxxxxx Name: Xxxxx Xxxxx
Title: CEO
By: /s/ Xxxxxx X. Xxxxx
---------------------------
Name: Xxxxxx X. Xxxxx
By: /s/ Xxxxx X. Xxxxxx
---------------------------
Name: Xxxxx X. Xxxxxx
By: /s/ Xxxxxxx Xxx
--------------------------
Name: Xxxxxxx Xxx
By: /s/ Xxxxx X. Xxxxxx
---------------------------
Name: Xxxxx X. Xxxxxx
By: /s/ Xxxxx X. Xxxxxxx
---------------------------
Name: Xxxxx X. Xxxxxxx
By: /s/ Xxxxxx Xxxxxxx
---------------------------
Name: Xxxxxx Xxxxxxx
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EXHIBIT A
TOTAL NUMBER
NUMBER OF OPTIONS NUMBER OF WARRANTS OF OPTIONS AND
STOCKHOLDER'S NAME SURRENDERED SURRENDERED WARRANTS SURRENDERED
------------------ ----------- ----------- --------------------
Xxxxx Xxxxx 60,000 N/A 60,000
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Xxxxxx X. Xxxxx 1,935,000 N/A 1,935,000
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Xxxxx X. Xxxxxx 465,000 N/A 465,000
---------------------------------------------------------------------------------------------
Xxxxxxx Xxx 870,000 N/A 870,000
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Xxxxx X. Xxxxxx 945,000 350,000 1,295,000
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Xxxxx X. Xxxxxxx 870,000 450,000 1,320,000
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Xxxxxx Xxxxxxx 870,000 N/A 870,000
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