KonaTel, Inc. - FORM 8-K/A - EX-10 - CHARLES L. SCHNEIDER, JR. STOCK OPTION CANCELLATION AGREEMENT - December 20, 2017

Attached files

file filename
EX-10 - CHARLES L. SCHNEIDER, JR. EMPLOYMENT AGREEMENT - KonaTel, Inc.schneideremployment.htm
EX-19 - SHAREHOLDER POST CARD - KonaTel, Inc.postcard.htm
EX-14 - CODE OF ETHICS - KonaTel, Inc.codeofconductex14.htm
EX-10 - FORM OF LOCK-UP/LEAK-OUT AGREEMENT - KonaTel, Inc.lockupleakoutagreementclean9.htm
EX-10 - FORM OF INCENTIVE STOCK OPTION AGREEMENT - KonaTel, Inc.formofincentivestockoptionag.htm
EX-10 - J. WILLIAM RINER EMPLOYMENT AGREEMENT - KonaTel, Inc.rineremploymentagreement.htm
EX-10 - D. SEAN MCEWEN EMPLOYMENT AGREEMENT - KonaTel, Inc.mcewenemploymentagreementlwb.htm
EX-9 - SHAREHOLDER VOTING AGREEMENT - KonaTel, Inc.shareholdervotingagreementlw.htm
EX-3 - AMENDED AND RESTATED BYLAWS - KonaTel, Inc.dalaamendedrestatedbylawslwb.htm
EX-3.1 - AMENDED AND RESTATED ARTICLES OF INCORPORATION - KonaTel, Inc.amendedrestatedarticlesofinc.htm
EX-2.2 - ARTICLES OF MERGER - KonaTel, Inc.articlesofmerger.htm
EX-2.1 - AGREEMENT AND PLAN OF MERGER - KonaTel, Inc.mergeragreement.htm
8-K/A - FORM 8-K/A AMENDED CURRENT REPORT - KonaTel, Inc.f8knewcurrentreportdalakonat.htm



STOCK OPTION

CANCELLATION AGREEMENT



KonaTel, Inc.

1910 Minno Drive, Suite 210

Johnstown, Pennsylvania 15905


Re:

Stock Option Cancelation Agreement pursuant to the Agreement and Plan of Merger (the “Merger Agreement”), by and among Dala Petroleum Corp., a Delaware corporation (“Parent”), Mark Savage, Parent’s President, a director and a beneficial shareholder (“Mr. Savage”), Matthew Atkinson, Parent’s Secretary and a beneficial shareholder (“Mr. Atkinson”), and Dala Subsidiary Corp., a Nevada corporation and wholly-owned subsidiary of Parent (“Merger Subsidiary”); and KonaTel, Inc., a Nevada corporation (“Company”), and D. Sean McEwen, Company’s Chairman and sole shareholder (“Company Shareholder”)


Gentlemen:


In consideration of the completion and closing of the Merger Agreement and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned hereby cancels that certain Stock Option Agreement by and between the undersigned and the Company dated July 1, 2016, together with the option to purchase 2,000 shares of Company common stock at $500 per share, which, among other things, is the subject of such Stock Option Agreement.



Dated: December 18, 2017.

/s/ Charles L. Schneider, Jr.

Charles L. Schneider, Jr.





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