EXHIBIT 4.5
STOCK OPTION GRANT
Grantee: Xxxxxxx Xxxxxxxx
Xxxxx Date: August 31, 1997
30,000 Stock Options
This Stock Option Grant is made as of the Grant Date by and between Axonyx
Inc., a Nevada corporation (the "Company"), and Grantee.
The Board of Directors of the Company has authorized the granting to
Grantee of the Stock Options (as defined below) pursuant to the agreement
between Grantee and the Company relating to Grantee's performance of consulting
services for the Company.
The Company hereby grants to the Grantee fully vested options to purchase,
on or before the tenth anniversary of the Grant Date, 30,000 shares of the
Company's common stock at an exercise price of $0.10 per share (the "Stock
Options"). The number of shares of common stock issuable upon exercise of the
Stock Options shall be subject to adjustment to account for any stock dividends,
splits or combinations that may hereafter be effected with respect to the common
stock of the Company.
The Stock Options shall not be transferable by Grantee other than by the
laws of will and testament or by laws of descent and distribution, and any Stock
Option shall be exercised only by Grantee or his conservator or legal
representative.
Grantee shall have the rights of a shareholder with respect to the shares
issuable upon exercise of the Stock Options only upon becoming the holder of
record of such shares.
AXONYX INC.
By:
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Xxxxxx X. Xxxxxxx, M.D.
Chief Executive Officer
