INVESTAMERICA, INC.
STOCK OPTION AGREEMENT
PURSUANT TO THE 1999 STOCK OPTION PLAN
Participant: XXXXXXX XXXXXX
0000 Xxxx 00xx Xxxxxx
Xxxxxxxxx, X.X.
This Stock Option Agreement, dated as of the date of grant set forth below, is
entered into between InvestAmerica, Inc. (the "Company") and the Participant
named above pursuant to the Company's 1999 Stock Option Plan (the "Plan").
Pursuant to the Plan, the Company grants an Option to the Participant to
purchase shares of common stock of the Company as follows:
Grant Number 11
Date of Grant April 6, 2000
Exercise Price Per Share $5.94
Total Number of Shares Granted 10,000
Total Exercise Price $59,400.00
Term 5 Years
Expiration Date April 5, 2005
Type of Option [ ] Incentive Option
[ x ] Nonqualified Option
Subject to the provisions of this Agreement and the Plan, the Options vest
(i.e., the right to exercise the Options first arises) in cumulative
installments as set forth below. Vested Options may be exercised from time to
time until the Expiration Date set forth above or termination of the Options as
set forth in the Plan.
During the Participant's lifetime, the Option is exersisable only by the
Participant. The form of Exercise Notice and Agreement is attached hereto as
Exhibit "A". The Option or this Agreement shall not be sold, pledged, assigned,
transferred or disposed of in any manner other than by will or by the laws of
descent or distribution. Any attempted sale, pledge, assignment, transfer or
other disposition of the Option shall be void and of no effect.
If the Participant is an Employee, the Participant's status as an "at-will"
Employee is not affected by the Plan or this Agreement. The Company's right to
terminate the Participant's employment is not limited or restricted by this
Agreement or the Plan.
Provided that the Participant continues to be eligible to receive Options under
the Plan, no change in the Participant's employment or other relationship with
the Company shall affect the Participant's continued entitlement to the Option
herein granted.
If the Participant elects to dispose of any Shares acquired pursuant to this
Option, the Participant agrees to dispose of not more than 2,000 shares per week
unless otherwise specifically approved by the Board of Directors of the Company.
If the Participant's employment is terminated, any un-vested Options will be
cancelled as of the date of termination. All vested options shall continue to
be exercisable and disposable in accordance with the Monthly Maximum Disposal
schedule set forth above.
The Participant and the Company agree that this Option is granted under and
governed by the terms and conditions of the Plan, which is made a part of this
Agreement. The Plan imposes substantial restrictions on the Options and the
Shares. By signing this Agreement, the Participant acknowledges that the
Participant has read and understood the Plan and agrees to be bound by it and by
this Agreement.
Participant InvestAmerica, Inc.
/s/ Xxxxxxx X. Xxxxxx /s/ signed
By: (sign name)
XXXXXXX X. XXXXXX CEO
(print name) (title)
