EXTENSION AGREEMENT
THIS EXTENSION AGREEMENT (the "Extension Agreement") is entered
into as of the 31st day of August, 2002 by and between Xxxx Xxxxxxxx
and the persons whose signatures appear below.
Whereas Xxxx Xxxxxxxx and the persons whose signatures appear
below entered into a Stock Option Agreement ("Option Agreement"),
dated March 6, 2002, and extension thereto on July 1, 2002.
Whereas, the parties have agreed to amend the exercise periods
and other terms described on Schedule 1.1 attached to the Option
Agreement.
Now therefore:
1. In consideration of the sum of $10.00 and other good and valuable
consideration, the receipt of which is acknowledged by the
parties, the parties agree to amend the exercise periods and
other terms described on Schedule 1.1 attached to the Option
Agreement to reflect the exercise periods and other terms
described on Schedule 1.1 attached to this Extension Agreement.
2. This Agreement may be executed in one or more counterparts, each
of which shall be deemed an original but all of which together
will constitute one and the same instrument.
IN WITNESS WHEREOF, the parties have executed this Extension
Agreement as of the date first written above.
________________________ ________________________
Witness Xxxx Xxxxxxxx
________________________ ________________________
Witness Xxxxx Xxxxxx
________________________ ________________________
Xxxxxxx X. Xxxxxx Xxxx Xxxxxxxxx
________________________ ________________________
Xxxxxxx Xxxxx Xxxxxxx X. Xxxxxx
________________________ ________________________
Xxxxx Xxxxx The Xxxxxx Trust,
Xxxxx Xxxxxxxxx, Trustee
________________________
Xxxxxxx Services Group, Inc.,
Xxxxxxx X'Xxxxx, President
Schedule 1.1
Transfer of Shares of Stock
Pursuant to the terms of the Option Agreement, on the Effective
Date, in exchange for $35,000 cash, the Stockholder shall grant and
each Optionee shall acquire, the Option(s), whereby during the
Exercise Periods described below, each Optionee will be provided the
opportunity to exercise such Option(s) and purchase the Stockholder's
shares of common stock of PR Specialists in exchange for cash
consideration, all pursuant to the terms and conditions set forth
below.
Pursuant to the terms of the Option Agreement, the Optionee (or
his agent) agrees to deliver to the Stockholder (or his agent) all of
the consideration set forth next to such Optionee's name. Also,
pursuant to the terms of the Option Agreement, the Stockholder (or his
agent) agrees to deliver to the Optionee (or his agent) the
Stockholder's original PR Specialists common stock share certificates,
along with any necessary stock transfer stamps and duly executed stock
powers in a form satisfactory to the Optionee (or his agent).
--------------------------------------------------------------------------------------------------
Name and Address No. of shares Per Share Total Exercise Period
of Optionee of Consideration Consideration From-To
Stockholder's to be Paid to be Paid
PR Specialists Upon Upon Full
common stock Exercise of Exercise of
under Option Option $ Option $
--------------------------------------------------------------------------------------------------
Xxxxx Xxxxxx 27,551 $0.10 $2,755.10 5/1/02-7/31/02
000 X. Xxxxxxxxxx Xxxxx, #000 27,551 $0.10 $2,755.10 8/1/02-10/31/02
Xxxxx Xxxxxxx, XX 00000 27,551 $0.10 $2,755.10 9/1/02-11/30/02
27,551 $0.10 $2,755.10 10/1/02-12/15/02
27,551 $0.10 $2,755.10 12/1/02-1/15/03
27,551 $0.10 $2,755.10 1/1/03-2/15/03
27,551 $0.10 $2,755.10 2/1/03-3/15/03
Xxxx Xxxxxxxxx 27,551 $0.10 $2,755.10 5/1/02-7/31/02
00 Xxxxx Xxxx 27,551 $0.10 $2,755.10 8/1/02-10/31/02
Xxxxx Cove, NY 27,551 $0.10 $2,755.10 9/1/02-11/30/02
27,551 $0.10 $2,755.10 10/1/02-12/15/02
27,551 $0.10 $2,755.10 12/1/02-1/15/03
27,551 $0.10 $2,755.10 1/1/03-2/15/03
27,551 $0.10 $2,755.10 2/1/03-3/15/03
Xxxxxxx X. Xxxxxx 27,551 $0.10 $2,755.10 5/1/02-7/31/02
00 Xxxxxxxxx Xx., 27,551 $0.10 $2,755.10 8/1/02-10/31/02
PH 24 27,551 $0.10 $2,755.10 9/1/02-11/30/02
Xxxxx Xxxxxx, XX 00000 27,551 $0.10 $2,755.10 10/1/02-12/15/02
27,551 $0.10 $2,755.10 12/1/02-1/15/03
27,551 $0.10 $2,755.10 1/1/03-2/15/03
27,551 $0.10 $2,755.10 2/1/03-3/15/03
The Xxxxxx Trust, 27,551 $0.10 $2,755.10 5/1/02-7/31/02
Xxxxx Xxxxxxxxx, Trustee 27,551 $0.10 $2,755.10 8/1/02-10/31/02
00 Xxxxxxx Xxxxx 27,551 $0.10 $2,755.10 9/1/02-11/30/02
27,551 $0.10 $2,755.10 10/1/02-12/15/02
27,551 $0.10 $2,755.10 12/1/02-1/15/03
27,551 $0.10 $2,755.10 1/1/03-2/15/03
27,551 $0.10 $2,755.10 2/1/03-3/15/03
Xxxxxxx Xxxxx, 27,551 $0.10 $2,755.10 5/1/02-7/31/02
000 Xxxxxxx Xxxx Xxxxx 27,551 $0.10 $2,755.10 8/1/02-10/31/02
Xxxxxxxxxx, Xxxxxxx 00000 27,551 $0.10 $2,755.10 9/1/02-11/30/02
27,551 $0.10 $2,755.10 10/1/02-12/15/02
27,551 $0.10 $2,755.10 12/1/02 -1/15/03
27,551 $0.10 $2,755.10 1/1/03-2/15/03
27,551 $0.10 $2,755.10 2/1/03-3/15/03
Xxxxxxx Services Group, Inc. 27,551 $0.10 $2,755.10 5/1/02-7/31/02
000 X. Xxxxxxxxx Xxxxxx 27,551 $0.10 $2,755.10 8/1/02-10/31/02
Xxxxx 000 27,551 $0.10 $2,755.10 9/1/02-11/30/02
Xxxx Xxxx Xxxxx, Xxxxxxx 00000 27,551 $0.10 $2,755.10 10/1/02-12/15/02
27,551 $0.10 $2,755.10 12/1/02-1/15/03
27,551 $0.10 $2,755.10 1/1/03-2/15/03
27,551 $0.10 $2,755.10 2/1/03-3/15/03
Xxxxx Xxxxx 27,551 $0.10 $2,755.10 5/1/02-7/31/02
00000 Xxxxx Xxxxxx 27,551 $0.10 $2,755.10 8/1/02-10/31/02
Suite 188 27,551 $0.10 $2,755.10 9/1/02-11/30/02
Xxxxxxxx, Xxxxxxxxxx 00000-0000 27,551 $0.10 $2,755.10 10/1/02-12/15/02
27,551 $0.10 $2,755.10 12/1/02-1/15/03
27,551 $0.10 $2,755.10 1/1/03-2/15/03
27,551 $0.10 $2,755.10 2/1/03-3/15/03
