Stock Cancellation Agreement
On January 19, 2000, a call option of 20,000,000 shares of Apple and, on October 19, 2001, an option to purchase 7,500,000 shares (together the “Options”) pursuant to the 1998 plan of Apple`s executive officer (the “1998 Plan”). (a) This Agreement and the 1998 Plan constitute the entire agreement and understanding between the Parties on the subject matter of this Agreement and supersede all prior or simultaneous written or oral agreements. 2. The granting of residual stock. Apple grants Mr. Jobs a limited allocation of 5,000,000 shares of Apple (the “Shares”) from the effective date, in accordance with the terms and conditions of the 1998 Plan. 1. Cancellation of options. Options will be voided from the effective date and assigned to Apple. After such a dismissal, Mr.
Jobs has no rights as to options. The number of shares which, in proportion to the date of entry into force until the date of death, shall be immediately addressed to Mr. . .