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AMENDMENT TO NOTICE OF STOCK OPTION GRANT AND NON-QUALIFIED
STOCK OPTION AGREEMENT DATED APRIL 13, 2007
THIS AMENDMENT TO NOTICE OF STOCK OPTION GRANT
(this
“Amendment”) is made and entered into as of April 8,
2008 by and between Skins Inc., a Nevada corporation (the
“Company”), and Antonio Pavan, an individual (the
“Optionee”).
RECITALS
WHEREAS ,
the Company issued to the Optionee a Notice of Stock Option Grant
and Stock Option Agreement dated April 13, 2007 (the
“Option”), pursuant to which the Optionee may purchase
from the Company up to 500,000 shares of common stock of the
Company.
WHEREAS ,
the Stock Plan of the Company provides that the Option may be
amended by the written agreement of the Company and the Optionee,
and the Company and the Optionee desire to so amend the Option in
accordance with the terms set forth herein.
WHEREAS ,
the Optionee and the Company and entering into that certain
Separation Agreement of equal date herewith with respect to the
Optionee’s resignation;
WHEREAS ,
the parties mutually desire to enter into this Amendment to
effectuate the termination of Pavan’s employment with the
Company and to set forth the benefits to be provided to Pavan in
exchange for Pavan’s covenants as set forth
herein;
AGREEMENT
NOW THEREFORE, in
consideration of the foregoing and the respective covenants and
agreements hereinafter set forth, and intending to be legally bound
hereby, the parties hereto agree as follows:
1. The
row entitled &ldq
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