EXHIBIT 10.14
ASPENBIO, INC.
Number of Shares: 100,000 Date of Grant: August 21, 2001
STOCK OPTION AGREEMENT
AGREEMENT made this 21st day of August, 2001, between ("Optionee"), and
AspenBio, Inc., a Colorado corporation ("Company").
1. Grant of Option. The Company, hereby grants to the Optionee, subject
to the terms and conditions set forth or incorporated herein, an Option to
purchase from the Company all or any part of an aggregate of Common Shares, as
such Common Shares are now constituted, at the purchase price of $1.00 per
share.
2. Exercise. The Option evidenced hereby shall be exercisable in whole
or in part (but only in multiples of 10,000 Shares unless such exercise is as to
the remaining balance of this Option) on or after and on or before August 20,
2006, provided that the cumulative number of Common Shares as to which this
Option may be exercised shall not exceed the following amounts:
Cumulative Number Prior to Date
of Shares (Not Inclusive of)
----------------- ------------------
100,000 August 20, 2006
The Option evidenced hereby shall be exercisable by the delivery to and receipt
by the Company of (i) a written notice of election to exercise; (ii) accompanied
by payment of the full purchase price thereof in cash or certified check payable
to the order of the Company, and (iii) by return of this
Stock Option Agreement
for endorsement of exercise by the Company.
3. Transferability. The Option evidenced hereby is NOT assignable or
transferable by the Optionee, except with the Company's consent.
AspenBio, Inc.
By: /s/ Xxxxx Xxxxx 8-21-01
-------------------------------- --------------------------------
Xxxxx Xxxxx, President Date
Optionee:
/s/ Xxxxx Deal ###-##-####
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Xxxxx Deal Social Security or Tax ID #
0000 Xxxxxxxxx Xxx, X-0 . Xxxxxxxxx, XX 00000
(000) 000-0000 . Fax (000) 000-0000
xxx.xxxxxxxxxxx.xxx
