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EXHIBIT 10.10
AMENDMENT NO. 3
TO AMTC CORPORATION STOCK OPTION AGREEMENT
This Amendment No. 3 is entered into as of November 2, 2000, between
Xxxxx X. Xxxx ("Xxxx") and ZixIt Corporation, a Texas corporation ("ZixIt").
Reference is made to that certain AMTC Corporation Stock Option Agreement,
effective as of April 29, 1998, as amended, between Xxxx and ZixIt (the "Xxxx
Option").
1. Amendments. The Xxxx Option is amended to delete "2,627,777" from Section 1
and substitute in its place "2,375,277." (Note: 2,375,277 shares is the number
of shares covered by the Xxxx Option after giving effect to all previous
re-allocations of option shares by Xx. Xxxx. Furthermore, giving effect to the
March 2000 option exercise and all previous re-allocations by Xx. Xxxx, the
number of option shares remaining under the Xxxx Option is 2,123,577.)
2. No Other Changes. Other than as provided herein, the Xxxx Option shall remain
in full force and effect.
Executed on the dates set forth below, to be effective as of the date
first set forth above.
ZIXIT CORPORATION
By: /s/ Xxxxx Xxxx
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Xxxxx X. York,
Senior Vice President
Date: 3/9/01
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/s/ Xxxxx X. Xxxx
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Xxxxx X. Xxxx
Date: 3/9/01
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/s/ Xxxxxx X. Xxxx
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Xxxxxx X. Xxxx
Date: 3/9/01
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