Exhibit 10.42
[LETTERHEAD OF INVENTA]
June 15, 2000
ZOOM Marketing Corporation
000 Xxxx Xxxxxx
Xxxx Xxxx, XX 00000
ATTN: Xxxx Xxxxxxx, CEO
RE: Stock Option Agreement
Dear Xxxx,
This letter follows your telephone contact with Xxxxx Xxxxxxxxx on May 22, 2000
and will confirm our mutual understanding of the stock option arrangement
included in Section 3.1 of the Services Agreement dated as of October 31, 1999
between Inventa Corporation and ZOOM Marketing Corporation (the "Services
Agreement").
First you should know that Inventa Corporation has reincorporated in Delaware as
Inventa Technologies, Inc. Inventa Technologies, Inc., a Delaware corporation,
is the direct successor in interest by merger and assignment and assumption to
Inventa Corporation, so all future transactions will be in the name of Inventa
Technologies.
To clarify and supercede the stock option arrangement included in Section 3.1 of
the Services Agreement, we mutually agree that Inventa has granted ZOOM an
option to purchase up to 4000 shares of Inventa stock at the rate of $5 per
share ($20,000 in total price if all options vest and are exercised). These
option rights shall vest over a two-year period at the rate of 1/24/th/ of 4000
(166.666666666667) shares per month on the last day of each calendar month
beginning with November 1999 during which the Services Agreement remains in
effect. Any rights not vested prior to the termination of the Services Agreement
shall expire on the termination date of the Services Agreement.. Any vested
rights must be exercised within ninety (90) days after the termination date of
the Services Agreement and any such vested rights not fully exercised within
ninety (90) days after the termination date of the Services Agreement shall
expire at midnight (PST) on the ninetieth day after the termination date of the
Services Agreement.
Please acknowledge your agreement by signing and returning a copy of this letter
agreement to me.
[LETTERHEAD OF INVENTA]
Sincerely,
for Inventa Technologies, Inc.
/s/ Xxxx Xxxxxxx
Acknowledged and Agreed for Zoom Marketing
-------------------------------------------------
Xxxx Xxxxxxx, CEO
cc: Xxxxx Xxxxxxxxx
