EXHIBIT 10.8
AMENDMENT TO OPTION AGREEMENT
Agreement made as of November 15, 2001, by and among Xxxxxxx X. Xxxxxxxxx (the
"Optionholder") and Xxxxxx X. Xxxxx (the "Shareholder").
W I T N E S S E T H:
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WHEREAS, the Optionholder and the Shareholder entered into an option agreement
dated as of November 17, 1999, granting an option to the Optionholder to
purchase up to 500,000 shares of Common Stock of BrandPartners Group, Inc.
(formerly known as Financial Performance Corporation) owned, beneficially and of
record, by the Shareholder, at a purchase price of $.8125 per share (the
"Xxxxxxxxx Option Agreement"); and
WHEREAS, the parties hereto desire to amend the Option Agreement as herein set
forth.
NOW, THEREFORE, in consideration of the premises, the mutual covenants
hereinafter set forth, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto
hereby agree as follows:
1. Section 1(c) of the Xxxxxxxxx Option Agreement is hereby amended to extend
the Termination Date by one (1) year to November 17, 2002. Accordingly,
effective as of the date hereof, Section 1(c) of the Xxxxxxxxx Option
Agreement is hereby amended and restated in its entirety to read as
follows:
(c) The Option shall expire and cease to be exercisable on the date
(hereinafter, the "Termination Date") which shall be three years
after the date of this Agreement. Accordingly, the Termination Date
shall be November 17, 2002.
2. All capitalized terms not specifically defined herein shall have the
meaning ascribed to such terms in the Xxxxxxxxx Option Agreement.
3. Except as otherwise set forth in this agreement, all of the terms and
provisions of the Xxxxxxxxx Option Agreement shall remain unmodified and
in full force and effect.
4. The covenants, agreements, terms, provisions and conditions contained in
this Agreement shall bind and inure to the benefit of the parties hereto
and their respective heirs, successors, legal representatives and
permitted assigns, if any.
5. This Agreement may not be modified orally, but only by an agreement in
writing signed by the party against whom enforcement of any waiver,
change, modification or discharge is sought.
6. This Agreement may be executed in one or more counterparts, each of which
shall be deemed an original, but all of which shall together constitute
one and the same instrument. This Agreement may be validly executed via
facsimile signature.
IN WITNESS WHEREOF, the parties hereto have executed this agreement as of the
day and year first above written.
/s/ Xxxxxxx X. Xxxxxxxxx
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Xxxxxxx X. Xxxxxxxxx
/s/ Xxxxxx X. Xxxxx
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Xxxxxx X. Xxxxx
