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EXHIBIT 4.16
AMENDMENT TO NON-QUALIFIED STOCK OPTION AGREEMENT
This Amendment, dated July 31, 1996 and effective as of July 31, 1996,
to the NON-QUALIFIED STOCK OPTION AGREEMENT dated May 30, 1996 granted to XXXXXX
X. XXXX ("Prag") from POLLUTION RESEARCH & CONTROL CORP., a California
corporation (herein referred to as the "Company").
RECITALS
WHEREAS, Company granted Prag a NON-QUALIFIED STOCK OPTION AGREEMENT on
May 30, 1996 to purchase 1,500,000 shares of the Company's; and
WHEREAS, Company and Prag desire to amend such NON-QUALIFIED STOCK
OPTION AGREEMENT;
NOW THEREFORE, in consideration of the promises and mutual covenants and
agreements hereinafter set forth, the parties hereto covenant and agree as
follows:
The first paragraph of Item 3. is hereby amended as follows:
3. Exercise of Option.
All of the options granted hereby shall first become exercisable
on January 30, 1997. Subject to the provisions of Paragraph 4 hereof,
such options shall be exercisable in whole or in part at any time and
from time to time from the date on which they are first exercisable
through 5:00 p.m. Glendale, CA time on May 29, 2000.
AGREED TO:
"Company": POLLUTION RESEARCH & CONTROL CORP.
Date: 7/31/96 By: /s/ XXXXXX X. XXXXXXXX, XX.
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Xxxxxx X. Xxxxxxxx
Chairman and CEO
"Prag": XXXXXX X. XXXX
Date: 7/31/96 By: /s/ XXXXXX X. XXXX
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Xxxxxx X. Xxxx
