AMENDMENT NO. 3 TO STOCK OPTION AGREEMENTS
Exhibit 99.5
AMENDMENT NO. 3 TO STOCK OPTION AGREEMENTS
This Amendment No. 3 made as of July 9, 2008 relates to the Stock Option Agreements entered
into as of April 24, 2007, by and among Optionees identified on Schedule A hereto and Xxxxxx and
Xxxxx Xxxxxxxxx as Stockholders.
For mutual good and valuable consideration and the mutual covenants, conditions and agreements
herein contained, and other good and valuable consideration and intending to be legally bound, the
parties hereto hereby agree as follows:
1. The right to exercise the Option is extended until (i) July 11, 2009, or (ii) such later
date pursuant to Section 2 of the Stock Option Agreement.
2. The Purchase Price is reduced to $1.50 for each Option Share, subject to further adjustment
as described in the Stock Option Agreement.
3. Capitalized terms employed herein shall have the meanings given to them in the Stock Option
Agreements.
4. Except as modified herein, all of the terms of the Stock Option Agreements remain in full
force and effect.
5. All of the venue, jurisdiction, notice and miscellaneous provisions of the Stock Option
Agreements apply to this Amendment No. 3.
6. This Amendment No. 3 shall be effective immediately.
IN WITNESS WHEREOF, the undersigned have executed this Amendment No. 3 as of the first date
above written.
/s/ Xxxxxx Xxxxxxxxx
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/s/ Xxxxx Xxxxxxxxx
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ACKNOWLEDGED:
/s/ Grushko & Xxxxxxx, P.C.
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SCHEDULE A TO AMENDMENT NO. 3
TO STOCK OPTION AGREEMENT
TO STOCK OPTION AGREEMENT
OPTIONEES
XXXXX CAPITAL LLC
00 Xxxx Xxxxxxx Xxxxxxx
Xxxxxx Xxxxxx, XX 00000
Fax: (000) 000-0000
00 Xxxx Xxxxxxx Xxxxxxx
Xxxxxx Xxxxxx, XX 00000
Fax: (000) 000-0000
XXXXXXX XXXXXXX, successor to Mayflower Oak LLC
Xxx Xxxxx Xxxxxx Xxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Fax: (000) 000-0000
Xxx Xxxxx Xxxxxx Xxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Fax: (000) 000-0000
XXXXX XXXXX #0, LP, successor to Mayflower Oak LLC
Xxx Xxxxx Xxxxxx Xxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Fax: (000) 000-0000
Xxx Xxxxx Xxxxxx Xxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Fax: (000) 000-0000
XXXXXX XXXXXXX, successor to Mayflower Oak LLC
Xxx Xxxxx Xxxxxx Xxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Fax: (000) 000-0000
Xxx Xxxxx Xxxxxx Xxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Fax: (000) 000-0000
XXXXX XXXXXXX, successor to Mayflower Oak LLC
Xxx Xxxxx Xxxxxx Xxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Fax: (000) 000-0000
Xxx Xxxxx Xxxxxx Xxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Fax: (000) 000-0000
XXX LERISTON, successor to Mayflower Oak LLC
Xxx Xxxxx Xxxxxx Xxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Fax: (000) 000-0000
Xxx Xxxxx Xxxxxx Xxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Fax: (000) 000-0000
IROQUOIS MASTER FUND LTD.
000 Xxxxxxxxx Xxxxxx
Xxx Xxxx, XX 00000
Fax: (000) 000-0000
000 Xxxxxxxxx Xxxxxx
Xxx Xxxx, XX 00000
Fax: (000) 000-0000
XXXX XXXXX
000 Xxxxxxxxx Xxxxxx
Xxx Xxxx, XX 00000
Fax: (000) 000-0000
000 Xxxxxxxxx Xxxxxx
Xxx Xxxx, XX 00000
Fax: (000) 000-0000
XXXXX XXXXX XXXXX FOUNDATION INC.
000 Xxxxxxxxx Xxxxxx
Xxx Xxxx, XX 00000
Fax: (000) 000-0000
000 Xxxxxxxxx Xxxxxx
Xxx Xxxx, XX 00000
Fax: (000) 000-0000
XXXXX XXXX IRREVOCABLE TRUST
000 Xxxxxxxxx Xxxxxx
Xxx Xxxx, XX 00000
Fax: (000) 000-0000
000 Xxxxxxxxx Xxxxxx
Xxx Xxxx, XX 00000
Fax: (000) 000-0000
XXXXXX X. XXXXXXXXX
00 Xxxxxxx Xxxxx
Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
00 Xxxxxxx Xxxxx
Xxxxxxxxx, XX 00000
Fax: (000) 000-0000
XXXXXXX XXXXXXX
00 Xxxxxx Xxxx
Xxxxxx, Xxxxxxx
Xxxxxx Xxxxxxx, XX0
Fax: 000-00-000-000-0000
00 Xxxxxx Xxxx
Xxxxxx, Xxxxxxx
Xxxxxx Xxxxxxx, XX0
Fax: 000-00-000-000-0000
XXXXXX XXXXXXXXX
0 Xxxxxxxxx Xxxxxx
Xxxxxxxxx, XX 00000
0 Xxxxxxxxx Xxxxxx
Xxxxxxxxx, XX 00000
XXXX XXXXXXXXX
000 Xxxx 00xx Xxxxxx, Xxx. 0-X
Xxx Xxxx, XX 00000
Fax: (000) 000-0000
000 Xxxx 00xx Xxxxxx, Xxx. 0-X
Xxx Xxxx, XX 00000
Fax: (000) 000-0000