EXHIBIT 99.1
STOCK OPTION AGREEMENT WITH XXXXX XXXXXX
XXXXXXXXXXXXXXX.XXX INC.
STOCK OPTION AGREEMENT
THIS AGREEMENT is made as of March 30, 2000, between XXXXXXXXXXXXXXX.XXX INC.,
an Arizona corporation (the "Company"), and XXXXX XXXXXX (the Optionee").
THE PARTIES AGREE AS FOLLOWS:
1. OPTION GRANT. The Company hereby grants to the Optionee an option (the
"Option") to purchase the number of shares of the Company's common
stock (the "Shares"), for an exercise price per share (the "Option
Price") and based upon a Grant Date, all as set forth below:
Shares under option: 100,000
Option Price per Share: $1.00
Grant Date: November 22, 1999
Vesting: November 22, 1999
The Option will be subject to all of the terms and conditions set forth
herein.
2. STOCKHOLDER RIGHTS. No rights or privileges of a stockholder in the
Company are conferred by reason of the granting of the Option. Optionee
will not become a stockholder in the Company with respect to the Shares
unless and until the Option has been properly exercised and the Option
Price fully paid as to the portion of the Option exercised. Upon
exercising the Option, Shares issued shall be subject to SEC Rule 144.
3. TERMINATION. This Option will expire, unless previously exercised in
full, on November 22, 2000, which date is on or prior to the first
anniversary of the Grant Date.
4. OPTIONS NONTRANSFERABLE. No Option will be transferable by the
Optionee other than by Will or the laws of descent and distribution.
During the lifetime of the Optionee, the Option shall be exercisable
only by the Optionee.
5. MISCELLANEOUS. This Agreement sets forth the complete agreement of the
parties concerning the subject matter hereof, superseding all prior
agreements, negotiations and understandings. This Agreement will be
governed by the substantive law of the State of Arizona, and may be
executed in counterparts.
The parties hereby have entered into this Agreement as of the date set forth
above.
"Company" "Optionee"
XXXXXXXXXXXXXXX.XXX INC.
/S/ XXXXX X. XXXXXXXXXX /S/ XXXXX XXXXXX
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By: Xxxxx X. Xxxxxxxxxx Xxxxx Xxxxxx
President 0000 Xxxxx 00xx Xxxxx
Xxxxxxxx Xxxxxx, XX 00000
