Exhibit 10.3 2001 Option Agreements
OPTION AGREEMENT
THIS AGREEMENT is entered into this 8th day of January, 2001, by and
between Emergency Filtration Products, Inc. ("EFP" or "the Optioner"), and Xxxx
Xxxxxxx ("the Optionee").
RECITALS
1. The Optioner is a Nevada Corporation in good standing, and its shares
are quoted on the OTC Bulletin Board System;
2. The Optionee is a resident of Nevada;
NOW THEREFORE, in consideration of the mutual promises and covenants
contained herein, the parties hereto agree as follows:
The Company hereby provides an option to the optionee to acquire five
hundred thousand (500,000) shares of the Company, which shares shall be issued
from treasury, subject to the following provisos:
1. This option is exercisable on or after January 8, 2001;
2. The price per each share to be acquired under this option shall be
fifty three cents ($0.53);
3. This option is exercisable by delivery to the Company of a bankers
draft or similar negotiable instrument in US funds, for the number of
shares optionee wishes to purchase;
4. The option to purchase shares hereunder shall lapse, in whole or in
part as the case may be, if not exercised by the remittance of the
purchase price and its arrival at the offices of the Company in
negotiable form before noon (Pacific Time) January 8, 2004;
5. Any shares issued under this Agreement shall be, in the hands of the
optionee, subject to such resale restrictions as shall be in force at
the time of issuance of the shares, and for the period thereafter
applied by law, and the resale of any shares not thereafter restricted
shall be subject to such rules as may be in force at the time,
relating to sales volume and to the timing of sales;
6. This option, and the shares evidenced thereby, have not been
registered under the Securities Act of 1933, as amended, and shall not
be sold, pledged, or otherwise transferred by the holder thereof
except upon issuance to EFP of a favorable opinion of its counsel for
submission to EFP or such other evidence satisfactory to counsel to
EFP, in either case to the effect that a proposed transfer shall not
be in violation of the Securities Act of 1933, as amended, and
applicable state securities law (compliance with Rule 144, if
applicable, shall be satisfactory evidence);
7. If any action at law or in equity is brought to enforce or to
interpret the provisions of this Agreement, the prevailing party shall
be entitled to reasonable attorney's fees in addition to any other
relief to which that party may be entitled;
8. The validity of this Agreement, and any of its terms or provisions, as
well as the rights and duties of the party hereto, shall be governed
by the laws of the State of Nevada;
9. The Agreement supersedes any and all other agreements, whether oral or
written, between the parties with respect to the subject of this
Agreement, and no other agreement, statement or promise relating to
the subject matter of this Agreement which is not contained or
referred to herein shall be valid and binding;
10. This Agreement may be executed in one or more counterparts, which
taken together shall constitute one and the same instrument.
Executed on January 8, 2001.
_\s\ Xxxx Beplate__________________________ _\s\ Xxxxx Clark___________________
Xxxx Xxxxxxx Xxxxx Xxxxx, Corporate Secretary
Emergency Filtration Products, Inc.
OPTION AGREEMENT
THIS AGREEMENT is entered into this 28th day of June, 2001, by and between
Emergency Filtration Products, Inc. ("EFP" or "the Optioner"), and Xxxxxxx
Xxxxxxx ("the Optionee").
RECITALS
1. The Optioner is a Nevada Corporation in good standing, and its shares
are quoted on the OTC Bulletin Board System;
2. The Optionee is a resident of Nevada;
NOW THEREFORE, in consideration of the mutual promises and covenants
contained herein, the parties hereto agree as follows:
The Company hereby provides an option to the optionee to acquire one
hundred thousand (100,000) shares of the Company, which shares shall be issued
from treasury, subject to the following provisos:
1. This option is exercisable on or after June 28, 2001;
2. The price per each share to be acquired under this option shall be
forty nine cents ($0.49);
3. This option is exercisable by delivery to the Company of a bankers
draft or similar negotiable instrument in US funds, for the number of
shares optionee wishes to purchase;
4. The option to purchase shares hereunder shall lapse, in whole or in
part as the case may be, if not exercised by the remittance of the
purchase price and its arrival at the offices of the Company in
negotiable form before noon (Pacific Time) June 28, 2004;
5. Any shares issued under this Agreement shall be, in the hands of the
optionee, subject to such resale restrictions as shall be in force at
the time of issuance of the shares, and for the period thereafter
applied by law, and the resale of any shares not thereafter restricted
shall be subject to such rules as may be in force at the time,
relating to sales volume and to the timing of sales;
6. This option, and the shares evidenced thereby, have not been
registered under the Securities Act of 1933, as amended, and shall not
be sold, pledged, or otherwise transferred by the holder thereof
except upon issuance to EFP of a favorable opinion of its counsel for
submission to EFP or such other evidence satisfactory to counsel to
EFP, in either case to the effect that a proposed transfer shall not
be in violation of the Securities Act of 1933, as amended, and
applicable state securities law (compliance with Rule 144, if
applicable, shall be satisfactory evidence);
7. If any action at law or in equity is brought to enforce or to
interpret the provisions of this Agreement, the prevailing party shall
be entitled to reasonable attorney's fees in addition to any other
relief to which that party may be entitled;
8. The validity of this Agreement, and any of its terms or provisions, as
well as the rights and duties of the party hereto, shall be governed
by the laws of the State of Nevada;
9. The Agreement supersedes any and all other agreements, whether oral or
written, between the parties with respect to the subject of this
Agreement, and no other agreement, statement or promise relating to
the subject matter of this Agreement which is not contained or
referred to herein shall be valid and binding;
10. This Agreement may be executed in one or more counterparts, which
taken together shall constitute one and the same instrument.
Executed on June 28, 2001.
_\s\ Xxxxxxx Beplate________________ _\s\ Xxxxx Clark_____________________
Xxxxxxx Xxxxxxx Xxxxx Xxxxx, Corporate Secretary
Emergency Filtration Products, Inc.
OPTION AGREEMENT
THIS AGREEMENT is entered into this 28th day of June, 2001, by and between
Emergency Filtration Products, Inc. ("EFP" or "the Optioner"), and J. Xxxxxx
Xxxxx ("the Optionee").
RECITALS
1. The Optioner is a Nevada Corporation in good standing, and its shares
are quoted on the OTC Bulletin Board System;
2. The Optionee is a resident of New York;
NOW THEREFORE, in consideration of the mutual promises and covenants
contained herein, the parties hereto agree as follows:
The Company hereby provides an option to the optionee to acquire one
hundred thousand (100,000) shares of the Company, which shares shall be issued
from treasury, subject to the following provisos:
1. This option is exercisable on or after June 28, 2001;
2. The price per each share to be acquired under this option shall be
forty nine cents ($0.49);
3. This option is exercisable by delivery to the Company of a bankers
draft or similar negotiable instrument in US funds, for the number of
shares optionee wishes to purchase;
4. The option to purchase shares hereunder shall lapse, in whole or in
part as the case may be, if not exercised by the remittance of the
purchase price and its arrival at the offices of the Company in
negotiable form before noon (Pacific Time) June 28, 2004;
5. Any shares issued under this Agreement shall be, in the hands of the
optionee, subject to such resale restrictions as shall be in force at
the time of issuance of the shares, and for the period thereafter
applied by law, and the resale of any shares not thereafter restricted
shall be subject to such rules as may be in force at the time,
relating to sales volume and to the timing of sales;
6. This option, and the shares evidenced thereby, have not been
registered under the Securities Act of 1933, as amended, and shall not
be sold, pledged, or otherwise transferred by the holder thereof
except upon issuance to EFP of a favorable opinion of its counsel for
submission to EFP or such other evidence satisfactory to counsel to
EFP, in either case to the effect that a proposed transfer shall not
be in violation of the Securities Act of 1933, as amended, and
applicable state securities law (compliance with Rule 144, if
applicable, shall be satisfactory evidence);
7. If any action at law or in equity is brought to enforce or to
interpret the provisions of this Agreement, the prevailing party shall
be entitled to reasonable attorney's fees in addition to any other
relief to which that party may be entitled;
8. The validity of this Agreement, and any of its terms or provisions, as
well as the rights and duties of the party hereto, shall be governed
by the laws of the State of Nevada;
9. The Agreement supersedes any and all other agreements, whether oral or
written, between the parties with respect to the subject of this
Agreement, and no other agreement, statement or promise relating to
the subject matter of this Agreement which is not contained or
referred to herein shall be valid and binding;
10. This Agreement may be executed in one or more counterparts, which
taken together shall constitute one and the same instrument.
Executed on June 28, 2001.
_\s\ X. Xxxxxx Burns_________________ _\s\ Xxxxx Clark_________________________
J. Xxxxxx Xxxxx Xxxxx Xxxxx, Corporate Secretary
Emergency Filtration Products, Inc.
OPTION AGREEMENT
THIS AGREEMENT is entered into this 8th day of January, 2001, by and
between Emergency Filtration Products, Inc. ("EFP" or "the Optioner"), and Xxxx
Xxxxx ("the Optionee").
RECITALS
1. The Optioner is a Nevada Corporation in good standing, and its shares
are quoted on the OTC Bulletin Board System;
2. The Optionee is a resident of Nevada;
NOW THEREFORE, in consideration of the mutual promises and covenants
contained herein, the parties hereto agree as follows:
The Company hereby provides an option to the optionee to acquire five
hundred thousand (500,000) shares of the Company, which shares shall be issued
from treasury, subject to the following provisos:
1. This option is exercisable on or after January 8, 2001;
1. The price per each share to be acquired under this option shall be
fifty three cents ($0.53);
1. This option is exercisable by delivery to the Company of a bankers
draft or similar negotiable instrument in US funds, for the number of
shares optionee wishes to purchase;
2. The option to purchase shares hereunder shall lapse, in whole or in
part as the case may be, if not exercised by the remittance of the
purchase price and its arrival at the offices of the Company in
negotiable form before noon (Pacific Time) January 8, 2004;
3. Any shares issued under this Agreement shall be, in the hands of the
optionee, subject to such resale restrictions as shall be in force at
the time of issuance of the shares, and for the period thereafter
applied by law, and the resale of any shares not thereafter restricted
shall be subject to such rules as may be in force at the time,
relating to sales volume and to the timing of sales;
4. This option, and the shares evidenced thereby, have not been
registered under the Securities Act of 1933, as amended, and shall not
be sold, pledged, or otherwise transferred by the holder thereof
except upon issuance to EFP of a favorable opinion of its counsel for
submission to EFP or such other evidence satisfactory to counsel to
EFP, in either case to the effect that a proposed transfer shall not
be in violation of the Securities Act of 1933, as amended, and
applicable state securities law (compliance with Rule 144, if
applicable, shall be satisfactory evidence);
5. If any action at law or in equity is brought to enforce or to
interpret the provisions of this Agreement, the prevailing party shall
be entitled to reasonable attorney's fees in addition to any other
relief to which that party may be entitled;
6. The validity of this Agreement, and any of its terms or provisions, as
well as the rights and duties of the party hereto, shall be governed
by the laws of the State of Nevada;
7. The Agreement supersedes any and all other agreements, whether oral or
written, between the parties with respect to the subject of this
Agreement, and no other agreement, statement or promise relating to
the subject matter of this Agreement which is not contained or
referred to herein shall be valid and binding;
8. This Agreement may be executed in one or more counterparts, which
taken together shall constitute one and the same instrument.
Executed on January 8, 2001.
__\s\ Xxxx Clark_________________ _\s\ Xxxx Beplate__________________________
Xxxx Xxxxx Xxxx Xxxxxxx, President
Emergency Filtration Products, Inc.
OPTION AGREEMENT
THIS AGREEMENT is entered into this 28th day of June, 2001, by and between
Emergency Filtration Products, Inc. ("EFP" or "the Optioner"), and Xxxxx Xxxxx
("the Optionee").
RECITALS
1. The Optioner is a Nevada Corporation in good standing, and its shares
are quoted on the OTC Bulletin Board System;
2. The Optionee is a resident of Nevada;
NOW THEREFORE, in consideration of the mutual promises and covenants
contained herein, the parties hereto agree as follows:
The Company hereby provides an option to the optionee to acquire one
hundred thousand (100,000) shares of the Company, which shares shall be issued
from treasury, subject to the following provisos:
1. This option is exercisable on or after June 28, 2001;
2. The price per each share to be acquired under this option shall be
forty nine cents ($0.49);
3. This option is exercisable by delivery to the Company of a bankers
draft or similar negotiable instrument in US funds, for the number of
shares optionee wishes to purchase;
4. The option to purchase shares hereunder shall lapse, in whole or in
part as the case may be, if not exercised by the remittance of the
purchase price and its arrival at the offices of the Company in
negotiable form before noon (Pacific Time) June 28, 2004;
5. Any shares issued under this Agreement shall be, in the hands of the
optionee, subject to such resale restrictions as shall be in force at
the time of issuance of the shares, and for the period thereafter
applied by law, and the resale of any shares not thereafter restricted
shall be subject to such rules as may be in force at the time,
relating to sales volume and to the timing of sales;
6. This option, and the shares evidenced thereby, have not been
registered under the Securities Act of 1933, as amended, and shall not
be sold, pledged, or otherwise transferred by the holder thereof
except upon issuance to EFP of a favorable opinion of its counsel for
submission to EFP or such other evidence satisfactory to counsel to
EFP, in either case to the effect that a proposed transfer shall not
be in violation of the Securities Act of 1933, as amended, and
applicable state securities law (compliance with Rule 144, if
applicable, shall be satisfactory evidence);
7. If any action at law or in equity is brought to enforce or to
interpret the provisions of this Agreement, the prevailing party shall
be entitled to reasonable attorney's fees in addition to any other
relief to which that party may be entitled;
8. The validity of this Agreement, and any of its terms or provisions, as
well as the rights and duties of the party hereto, shall be governed
by the laws of the State of Nevada;
9. The Agreement supersedes any and all other agreements, whether oral or
written, between the parties with respect to the subject of this
Agreement, and no other agreement, statement or promise relating to
the subject matter of this Agreement which is not contained or
referred to herein shall be valid and binding;
10. This Agreement may be executed in one or more counterparts, which
taken together shall constitute one and the same instrument.
Executed on June 28, 2001.
_\s\ Xxxxx Clark__________________ __\s\ Xxxxxxx Lazrus_______________
Xxxxx Xxxxx Xxxxxxx Xxxxxx, Interim C.E.O.
Emergency Filtration Products, Inc.
OPTION AGREEMENT
THIS AGREEMENT is entered into this 8th day of January, 2001, by and
between Emergency Filtration Products, Inc. ("EFP" or "the Optioner"), and
Xxxxxxx Xxxxxxxxx ("the Optionee").
RECITALS
1. The Optioner is a Nevada Corporation in good standing, and its shares
are quoted on the OTC Bulletin Board System;
2. The Optionee is a resident of Utah;
NOW THEREFORE, in consideration of the mutual promises and covenants
contained herein, the parties hereto agree as follows:
The Company hereby provides an option to the optionee to acquire five
hundred thousand (500,000) shares of the Company, which shares shall be issued
from treasury, subject to the following provisos:
1. This option is exercisable on or after January 8, 2001;
2. The price per each share to be acquired under this option shall be
fifty three cents ($0.53);
2. This option is exercisable by delivery to the Company of a bankers
draft or similar negotiable instrument in US funds, for the number of
shares optionee wishes to purchase;
3. The option to purchase shares hereunder shall lapse, in whole or in
part as the case may be, if not exercised by the remittance of the
purchase price and its arrival at the offices of the Company in
negotiable form before noon (Pacific Time) January 8, 2004;
4. Any shares issued under this Agreement shall be, in the hands of the
optionee, subject to such resale restrictions as shall be in force at
the time of issuance of the shares, and for the period thereafter
applied by law, and the resale of any shares not thereafter restricted
shall be subject to such rules as may be in force at the time,
relating to sales volume and to the timing of sales;
5. This option, and the shares evidenced thereby, have not been
registered under the Securities Act of 1933, as amended, and shall not
be sold, pledged, or otherwise transferred by the holder thereof
except upon issuance to EFP of a favorable opinion of its counsel for
submission to EFP or such other evidence satisfactory to counsel to
EFP, in either case to the effect that a proposed transfer shall not
be in violation of the Securities Act of 1933, as amended, and
applicable state securities law (compliance with Rule 144, if
applicable, shall be satisfactory evidence);
6. If any action at law or in equity is brought to enforce or to
interpret the provisions of this Agreement, the prevailing party shall
be entitled to reasonable attorney's fees in addition to any other
relief to which that party may be entitled;
7. The validity of this Agreement, and any of its terms or provisions, as
well as the rights and duties of the party hereto, shall be governed
by the laws of the State of Nevada;
8. The Agreement supersedes any and all other agreements, whether oral or
written, between the parties with respect to the subject of this
Agreement, and no other agreement, statement or promise relating to
the subject matter of this Agreement which is not contained or
referred to herein shall be valid and binding;
9. This Agreement may be executed in one or more counterparts, which
taken together shall constitute one and the same instrument.
Executed on January 8, 2001.
_\s\ Xxxxxxx Crnkovich_______________ ___\s\ Xxxxx Clark______________
Xxxxxxx Xxxxxxxxx Xxxxx Xxxxx, Corporate Secretary
Emergency Filtration Products, Inc.
OPTION AGREEMENT
THIS AGREEMENT is entered into this 28th day of June, 2001, by and between
Emergency Filtration Products, Inc. ("EFP" or "the Optioner"), and Xxxxxxx
Xxxxxxxxx ("the Optionee").
RECITALS
1. The Optioner is a Nevada Corporation in good standing, and its shares
are quoted on the OTC Bulletin Board System;
2. The Optionee is a resident of Utah;
NOW THEREFORE, in consideration of the mutual promises and covenants
contained herein, the parties hereto agree as follows:
The Company hereby provides an option to the optionee to acquire one
hundred thousand (100,000) shares of the Company, which shares shall be issued
from treasury, subject to the following provisos:
1. This option is exercisable on or after June 28, 2001;
2. The price per each share to be acquired under this option shall be
forty nine cents ($0.49);
3. This option is exercisable by delivery to the Company of a bankers
draft or similar negotiable instrument in US funds, for the number of
shares optionee wishes to purchase;
4. The option to purchase shares hereunder shall lapse, in whole or in
part as the case may be, if not exercised by the remittance of the
purchase price and its arrival at the offices of the Company in
negotiable form before noon (Pacific Time) June 28, 2004;
5. Any shares issued under this Agreement shall be, in the hands of the
optionee, subject to such resale restrictions as shall be in force at
the time of issuance of the shares, and for the period thereafter
applied by law, and the resale of any shares not thereafter restricted
shall be subject to such rules as may be in force at the time,
relating to sales volume and to the timing of sales;
6. This option, and the shares evidenced thereby, have not been
registered under the Securities Act of 1933, as amended, and shall not
be sold, pledged, or otherwise transferred by the holder thereof
except upon issuance to EFP of a favorable opinion of its counsel for
submission to EFP or such other evidence satisfactory to counsel to
EFP, in either case to the effect that a proposed transfer shall not
be in violation of the Securities Act of 1933, as amended, and
applicable state securities law (compliance with Rule 144, if
applicable, shall be satisfactory evidence);
7. If any action at law or in equity is brought to enforce or to
interpret the provisions of this Agreement, the prevailing party shall
be entitled to reasonable attorney's fees in addition to any other
relief to which that party may be entitled;
8. The validity of this Agreement, and any of its terms or provisions, as
well as the rights and duties of the party hereto, shall be governed
by the laws of the State of Nevada;
9. The Agreement supersedes any and all other agreements, whether oral or
written, between the parties with respect to the subject of this
Agreement, and no other agreement, statement or promise relating to
the subject matter of this Agreement which is not contained or
referred to herein shall be valid and binding;
10. This Agreement may be executed in one or more counterparts, which
taken together shall constitute one and the same instrument.
Executed on June 28, 2001.
_\s\ Xxxxxxx Crnkovich_____________ ____\s\ Xxxxx Clark__________________
Xxxxxxx Xxxxxxxxx Xxxxx Xxxxx, Corporate Secretary
Emergency Filtration Products, Inc.
OPTION AGREEMENT
THIS AGREEMENT is entered into this 8th day of January, 2001, by and
between Emergency Filtration Products, Inc. ("EFP" or "the Optioner"), and Xxxxx
Xxxxxx ("the Optionee").
RECITALS
1. The Optioner is a Nevada Corporation in good standing, and its shares
are quoted on the OTC Bulletin Board System;
2. The Optionee is a resident of Nevada;
NOW THEREFORE, in consideration of the mutual promises and covenants
contained herein, the parties hereto agree as follows:
The Company hereby provides an option to the optionee to acquire sixty
thousand (60,000) shares of the Company, which shares shall be issued from
treasury, subject to the following provisos:
1. This option is exercisable on or after January 8, 2001;
2. The price per each share to be acquired under this option shall be
fifty three cents ($0.53);
11. This option is exercisable by delivery to the Company of a bankers
draft or similar negotiable instrument in US funds, for the number of
shares optionee wishes to purchase;
3. The option to purchase shares hereunder shall lapse, in whole or in
part as the case may be, if not exercised by the remittance of the
purchase price and its arrival at the offices of the Company in
negotiable form before noon (Pacific Time) January 8, 2004;
4. Any shares issued under this Agreement shall be, in the hands of the
optionee, subject to such resale restrictions as shall be in force at
the time of issuance of the shares, and for the period thereafter
applied by law, and the resale of any shares not thereafter restricted
shall be subject to such rules as may be in force at the time,
relating to sales volume and to the timing of sales;
5. This option, and the shares evidenced thereby, have not been
registered under the Securities Act of 1933, as amended, and shall not
be sold, pledged, or otherwise transferred by the holder thereof
except upon issuance to EFP of a favorable opinion of its counsel for
submission to EFP or such other evidence satisfactory to counsel to
EFP, in either case to the effect that a proposed transfer shall not
be in violation of the Securities Act of 1933, as amended, and
applicable state securities law (compliance with Rule 144, if
applicable, shall be satisfactory evidence);
6. If any action at law or in equity is brought to enforce or to
interpret the provisions of this Agreement, the prevailing party shall
be entitled to reasonable attorney's fees in addition to any other
relief to which that party may be entitled;
7. The validity of this Agreement, and any of its terms or provisions, as
well as the rights and duties of the party hereto, shall be governed
by the laws of the State of Nevada;
8. The Agreement supersedes any and all other agreements, whether oral or
written, between the parties with respect to the subject of this
Agreement, and no other agreement, statement or promise relating to
the subject matter of this Agreement which is not contained or
referred to herein shall be valid and binding;
9. This Agreement may be executed in one or more counterparts, which
taken together shall constitute one and the same instrument.
Executed on January 8, 2001.
_\s\ Xxxxx Harper____________________ __\s\ Xxxxx Clark______________
Xxxxx Xxxxxx Xxxxx Xxxxx, Corporate Secretary
Emergency Filtration Products, Inc.
OPTION AGREEMENT
THIS AGREEMENT is entered into this 28th day of June, 2001, by and between
Emergency Filtration Products, Inc. ("EFP" or "the Optioner"), and Xxxxxxx
Xxxxxx ("the Optionee").
RECITALS
1. The Optioner is a Nevada Corporation in good standing, and its shares
are quoted on the OTC Bulletin Board System;
2. The Optionee is a resident of Maryland;
NOW THEREFORE, in consideration of the mutual promises and covenants
contained herein, the parties hereto agree as follows:
The Company hereby provides an option to the optionee to acquire one
hundred thousand (100,000) shares of the Company, which shares shall be issued
from treasury, subject to the following provisos:
1. This option is exercisable on or after June 28, 2001;
2. The price per each share to be acquired under this option shall be
forty nine cents ($0.49);
3. This option is exercisable by delivery to the Company of a bankers
draft or similar negotiable instrument in US funds, for the number of
shares optionee wishes to purchase;
4. The option to purchase shares hereunder shall lapse, in whole or in
part as the case may be, if not exercised by the remittance of the
purchase price and its arrival at the offices of the Company in
negotiable form before noon (Pacific Time) June 28, 2004;
5. Any shares issued under this Agreement shall be, in the hands of the
optionee, subject to such resale restrictions as shall be in force at
the time of issuance of the shares, and for the period thereafter
applied by law, and the resale of any shares not thereafter restricted
shall be subject to such rules as may be in force at the time,
relating to sales volume and to the timing of sales;
6. This option, and the shares evidenced thereby, have not been
registered under the Securities Act of 1933, as amended, and shall not
be sold, pledged, or otherwise transferred by the holder thereof
except upon issuance to EFP of a favorable opinion of its counsel for
submission to EFP or such other evidence satisfactory to counsel to
EFP, in either case to the effect that a proposed transfer shall not
be in violation of the Securities Act of 1933, as amended, and
applicable state securities law (compliance with Rule 144, if
applicable, shall be satisfactory evidence);
7. If any action at law or in equity is brought to enforce or to
interpret the provisions of this Agreement, the prevailing party shall
be entitled to reasonable attorney's fees in addition to any other
relief to which that party may be entitled;
8. The validity of this Agreement, and any of its terms or provisions, as
well as the rights and duties of the party hereto, shall be governed
by the laws of the State of Nevada;
9. The Agreement supersedes any and all other agreements, whether oral or
written, between the parties with respect to the subject of this
Agreement, and no other agreement, statement or promise relating to
the subject matter of this Agreement which is not contained or
referred to herein shall be valid and binding;
10. This Agreement may be executed in one or more counterparts, which
taken together shall constitute one and the same instrument.
Executed on June 28, 2001.
__\s\ Xxxxxxx Lazrus_________ ____\s\ Xxxxx Clark_______________
Xxxxxxx Xxxxxx Xxxxx Xxxxx, Corporate Secretary
Emergency Filtration Products, Inc.
OPTION AGREEMENT
THIS AGREEMENT is entered into this 8th day of January, 2001, by and
between Emergency Filtration Products, Inc. ("EFP" or "the Optioner"), and
Xxxxxxxx Xxxxxxxx ("the Optionee").
RECITALS
1. The Optioner is a Nevada Corporation in good standing, and its shares
are quoted on the OTC Bulletin Board System;
1. The Optionee is a resident of Nevada;
NOW THEREFORE, in consideration of the mutual promises and covenants
contained herein, the parties hereto agree as follows:
The Company hereby provides an option to the optionee to acquire sixty
thousand (60,000) shares of the Company, which shares shall be issued from
treasury, subject to the following provisos:
1. This option is exercisable on or after January 8, 2001;
2. The price per each share to be acquired under this option shall be
fifty three cents ($0.53);
12. This option is exercisable by delivery to the Company of a bankers
draft or similar negotiable instrument in US funds, for the number of
shares optionee wishes to purchase;
3. The option to purchase shares hereunder shall lapse, in whole or in
part as the case may be, if not exercised by the remittance of the
purchase price and its arrival at the offices of the Company in
negotiable form before noon (Pacific Time) January 8, 2004;
4. Any shares issued under this Agreement shall be, in the hands of the
optionee, subject to such resale restrictions as shall be in force at
the time of issuance of the shares, and for the period thereafter
applied by law, and the resale of any shares not thereafter restricted
shall be subject to such rules as may be in force at the time,
relating to sales volume and to the timing of sales;
5. This option, and the shares evidenced thereby, have not been
registered under the Securities Act of 1933, as amended, and shall not
be sold, pledged, or otherwise transferred by the holder thereof
except upon issuance to EFP of a favorable opinion of its counsel for
submission to EFP or such other evidence satisfactory to counsel to
EFP, in either case to the effect that a proposed transfer shall not
be in violation of the Securities Act of 1933, as amended, and
applicable state securities law (compliance with Rule 144, if
applicable, shall be satisfactory evidence);
6. If any action at law or in equity is brought to enforce or to
interpret the provisions of this Agreement, the prevailing party shall
be entitled to reasonable attorney's fees in addition to any other
relief to which that party may be entitled;
7. The validity of this Agreement, and any of its terms or provisions, as
well as the rights and duties of the party hereto, shall be governed
by the laws of the State of Nevada;
8. The Agreement supersedes any and all other agreements, whether oral or
written, between the parties with respect to the subject of this
Agreement, and no other agreement, statement or promise relating to
the subject matter of this Agreement which is not contained or
referred to herein shall be valid and binding;
9. This Agreement may be executed in one or more counterparts, which
taken together shall constitute one and the same instrument.
Executed on January 8, 2001.
__\s\ Sterling Petersen________________ ___\s\ Xxxxx Clark_____________________
Xxxxxxxx Xxxxxxxx Xxxxx Xxxxx, Corporate Secretary
Emergency Filtration Products, Inc.
OPTION AGREEMENT
THIS AGREEMENT is entered into this 28th day of June, 2001, by and between
Emergency Filtration Products, Inc. ("EFP" or "the Optioner"), and Xxxxxxx Xxxx
("the Optionee").
RECITALS
1. The Optioner is a Nevada Corporation in good standing, and its shares
are quoted on the OTC Bulletin Board System;
2. The Optionee is a resident of Hong Kong;
NOW THEREFORE, in consideration of the mutual promises and covenants
contained herein, the parties hereto agree as follows:
The Company hereby provides an option to the optionee to acquire one
hundred thousand (100,000) shares of the Company, which shares shall be issued
from treasury, subject to the following provisos:
1. This option is exercisable on or after June 28, 2001;
2. The price per each share to be acquired under this option shall be
forty nine cents ($0.49);
3. This option is exercisable by delivery to the Company of a bankers
draft or similar negotiable instrument in US funds, for the number of
shares optionee wishes to purchase;
4. The option to purchase shares hereunder shall lapse, in whole or in
part as the case may be, if not exercised by the remittance of the
purchase price and its arrival at the offices of the Company in
negotiable form before noon (Pacific Time) June 28, 2004;
5. Any shares issued under this Agreement shall be, in the hands of the
optionee, subject to such resale restrictions as shall be in force at
the time of issuance of the shares, and for the period thereafter
applied by law, and the resale of any shares not thereafter restricted
shall be subject to such rules as may be in force at the time,
relating to sales volume and to the timing of sales;
6. This option, and the shares evidenced thereby, have not been
registered under the Securities Act of 1933, as amended, and shall not
be sold, pledged, or otherwise transferred by the holder thereof
except upon issuance to EFP of a favorable opinion of its counsel for
submission to EFP or such other evidence satisfactory to counsel to
EFP, in either case to the effect that a proposed transfer shall not
be in violation of the Securities Act of 1933, as amended, and
applicable state securities law (compliance with Rule 144, if
applicable, shall be satisfactory evidence);
7. If any action at law or in equity is brought to enforce or to
interpret the provisions of this Agreement, the prevailing party shall
be entitled to reasonable attorney's fees in addition to any other
relief to which that party may be entitled;
8. The validity of this Agreement, and any of its terms or provisions, as
well as the rights and duties of the party hereto, shall be governed
by the laws of the State of Nevada;
9. The Agreement supersedes any and all other agreements, whether oral or
written, between the parties with respect to the subject of this
Agreement, and no other agreement, statement or promise relating to
the subject matter of this Agreement which is not contained or
referred to herein shall be valid and binding;
10. This Agreement may be executed in one or more counterparts, which
taken together shall constitute one and the same instrument.
Executed on June 28, 2001.
__\s\ Xxxxxxx Yuan__________________ ___\s\ Xxxxx Clark__________________
Xxxxxxx Xxxx Xxxxx Xxxxx, Corporate Secretary
Emergency Filtration Products, Inc.
