EX-4.20 AGREEMENT - SURRENDER OF STOCK OPTIONS - EMPLOYEES
September 11, 2001
The undersigned is the holder of options to purchase _________________
shares of common stock ("Options") of ConSyGen, Inc. (the "Company"). The
agreement(s) evidencing the Options are hereby amended to (i) reduce the
exercise price to $_____ per share, (ii) increase option shares to purchase to
_______________, and (iii) provide that the Options shall not be exercisable
until such time as the Company increases to at least 125,000,000 the number of
its authorized but unissued shares of common stock and completes an S-8
registration.
In the event the employee is laid off by CSGI prior to the increase in
the authorized shares becoming effective, the employee will have nine months
from the day the increase becomes effective to exercise their options.
Please indicate your agreement with the foregoing by countersigning
this letter where indicated below and returning a copy to the undersigned.
Except as modified hereby, the agreement(s) evidencing Options shall remain in
full force and effect.
Sincerely,
By: _______________________________
ACCEPTED AND AGREED:
ConSyGen, Inc.
By: ____________________________________
▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, Chief Financial Officer
