EXHIBIT 10.41
(SPECIMEN) AGREEMENT
THIS AGREEMENT is made and entered into by and between FLORIDA GAMING
CORPORATION, a Delaware corporation ("Company") and _____________ ("Optionee"),
W-I-T-N-E-S-S-E-T-H:
WHEREAS, the Optionee is an officer and/or director and/or employee of the
Company; and
WHEREAS, from time to time the Company has previously granted to Optionee
options to purchase shares of the common stock of the Company ("Common Stock")
with varying strike prices and expiration dates (the "Options"); and
WHEREAS, the strike prices substantially exceed the current fair market
value of the Common Stock; and
WHEREAS, the Company and the Optionee deem it to be in the best interest of
the Company that the Options be cancelled.
NOW, THEREFORE, in consideration of the premises and $1.00 in hand paid by
the Company to the Optionee, the receipt and sufficiency of which is hereby
acknowledged, the parties hereto agree as follows:
1. CANCELLATION OF OPTIONS. All Options previously granted by the Company
to the Optionee are hereby cancelled effective as of the date of this Agreement.
2. ENTIRE AGREEMENT. This Agreement constitutes the entire agreement of the
parties hereto and shall not be modified or amended except in writing signed by
the parties hereto.
3. COUNTERPARTS. This Agreement may be signed in separate counterparts,
each of which shall constitute an original copy hereof, but all of which
together shall constitute a single instrument.
EXECUTED as of the 2nd day of November 1998.
FLORIDA GAMING CORPORATION
By:
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Xxxxxx X. Xxxx
President
Name:
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