FIVE STAR PRODUCTS, INC.Agreement Regarding Options • June 26th, 2008 • National Patent Development Corp • Miscellaneous manufacturing industries • New York
This agreement (this “Agreement”) is to confirm and memorialize the understanding by and among National Patent, the Company and Grantee pursuant to which the Company shall deliver to Grantee the Purchase Price (as defined herein) as consideration for Grantee’s agreement not to exercise Grantee’s Options after the date hereof and the cancellation of Grantee’s Options and the termination of the Stock Option Agreement upon payment of the Purchase Price.
FIVE STAR PRODUCTS, INC.Agreement Regarding Options • June 26th, 2008 • National Patent Development Corp • Miscellaneous manufacturing industries • New York
This agreement (this “Agreement”) is to confirm and memorialize the understanding by and among National Patent, the Company and Grantee pursuant to which the Company shall deliver to Grantee the Purchase Price (as defined herein) as consideration for Grantee’s agreement not to exercise Grantee’s Options after the date hereof and the cancellation of Grantee’s Options.
