Exhibit 10.8
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Fortune Diversified Industries, Inc.
A Global Business Network
November 15, 2001
Xxxxxxx X. Xxxxx
0000 Xxxxxxxxxx Xxxxx
Xxxxxx, XX 00000
Dear Xxxx:
The purpose of this letter is to memorialize our prior verbal agreement. On
or about January 12, 2001, WOW Entertainment, Inc. (n/k/a Fortune Diversified
Industries, Inc.) ("Corporation") granted you options to purchase 1,200,000
shares of the Corporation's common stock in connection with your hiring as the
Corporation's CEO. Pursuant to the vesting schedule, you are currently entitled
to exercise an option to purchase 200,000 shares of the Corporation's common
stock at $.01 per share.
Effective August 30, 2001, the Corporation canceled the options to purchase
the additional 1,000,000 shares of common stock previously granted to you. As of
August 30, 2001, you do not hold any options to purchase any shares of the
Corporation's common stock except for the 200,000 shares of common stock
described above.
If you are in agreement with the above statements, please sign below and
return an executed copy of this letter to me.
Sincerely,
FORTUNE DIVERSIFIED INDUSTRIES, INC.
By: /s/ Xxxxxxx X. Xxx
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Xxxxxxx X. May
Chief Financial Officer
IN AGREEMENT WITH THE ABOVE:
/s/ Xxxxxxx X. Xxxxx
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Xxxxxxx X. Xxxxx
0000 Xxxxxxxxx Xxxxx x Xxxxxxxxxxxx, Xxxxxxx 00000
(000) 000-0000 o Fax (000) 000-0000
