EXHIBIT 4.4
[FORM OF 1998 STOCK OPTION PLAN RIGHTS TERMINATION LETTER AGREEMENT
OF DIRECTORS TO CANCEL OPTIONS DATED FEBRUARY 4, 2000]
February 4, 2000
[Director]
GlobalSCAPE, Inc.
Re: GlobalSCAPE, Inc. 1998 Stock Option Plan (the "Stock Option Plan")
Dear [Director]:
On April 30, 1999 you and GlobalSCAPE, Inc. ("GlobalSCAPE") signed a letter
under which GlobalSCAPE granted you an option to purchase 1000 shares of
GlobalSCAPE common stock for $0.10 (ten cents) per share with the Option vesting
on January 1, 1999; and on July 1, 1999, you and GlobalSCAPE signed a letter
under which GlobalSCAPE granted you an option to purchase 1000 shares of
GlobalSCAPE common stock for $0.10 (ten cents) per share with the option vesting
on May 13, 1999 (the April 30, 1999 grant and July 1, 1999 xxxxx referred to
collectively as the "Option").
On January 18, 2000, the Board of Directors of GlobalSCAPE and American
Telesource International, Inc. ("ATSI") approved a distribution and offering of
shares of GlobalSCAPE common Stock (the "Financing Plan").
To resolve various issues arising in connection with the Stock Option Plan
and to facilitate the Financing Plan, the Board of Directors of GlobalSCAPE has
resolved to cancel the Option as well as certain options issued to other
directors and employees of GlobalSCAPE. We ask you to acknowledge that you
agree that it is in the best interest of GlobalSCAPE, and therefore your best
interest as an option holder, to cancel the Option, and that you will not make
any claim against GlobalSCAPE or ATSI with respect to the cancellation of the
Option.
Please sign this letter where indicated below and return it to me to
acknowledge your agreement.
Sincerely,
Secretary
X. Xxxxxxx Xxxxxxxx
Agreed:
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[Director]
Date:
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