EX-10.19
from SB-2/A
1 page
Letterhead of Sonicsave.com Sonicvip.com Division 1330 Beacon Street Brookline, Ma 02446 March 14, 2001 Mr. Glenn Schneider 64 Great Meadow Road Newton Centre, Ma 02459 Dear Mr. Schneider: On Behalf of My Company, Sonicsave.com, Corp., I Am Please to Offer You a Position as a Part Time Consultant, Serving in the Capacity of Senior Vice President and Chief Financial Officer. Under the Terms of This Offer You Will Work 2 Days Per Week and Be Compensated at a Rate of $40,000 Per Year. in Addition You Will Have the Option to Purchase 120,000 Shares of Sonicsave.com, Corp. Stock, at a Per Share Exercise Price of No Less Than 100% of the Fair Market Value Per Share on the Date of the Grant, Which Will Vest 1/24 Per Month as Long as You Are Employed by Sonicsave.com, Corp. This Option May Be Exercised on or Before 3/12/06. After Our Anticipated Initial Public Offering, We Would Like to Modify Your Employment to Full Time as Senior Vice President and Chief Financial Officer, Compensated at a Rate of $100,000 Per Year. This Agreement Will Supercede All Previous Agreements. I Hope That These Terms Are Acceptable to You, and Look Forward to Working With You. Cordially, S/Andre Danesh Andre Danesh President/CEO Sonicsave.com, Corp. Accepted By: /S/ Glenn Schneider Glenn Schneider
12/34/56
EX-10.7
from SB-2/A
1 page
Amendment No. 1 to Sonicsave.com Corp. 2000 Stock Plan Section 3 of the Sonicsave.com Corp. (The "Corporation") 2000 Stock Plan (The "Plan") Is Hereby Amended as Follows: "3. Stock Subject to the Plan. Subject to the Provisions of Section 12 of the Plan, the Maximum Aggregate Number of Shares Which May Be Subject to Option and Sold Under the Plan Is 5,000,000 Shares, Provided the Total Amount of Shares Reserved for Issuance Upon Exercise of Options That May Be Granted Under the Plan Shall Not Exceed 15% of the Common Shares to Be Outstanding Upon the Conclusion of a Public Offering. the Shares May Be Authorized but Unissued, or Reacquired Common Stock." as Amended, the Plan Remains in Full Force and Effect. Effective as of December 21, 2000
12/34/56
