Exhibit 10.7.1
October 15, 1999
XXXX X. XXXXXXX ("Xxxxxxx") hereby grants to Revenge Marine, Inc., a Nevada
corporation (the "Optionee") the right and option to purchase from Xxxxxxx Seven
Hundred Thousand (700,000) shares of the common stock of Link Express Delivery
Solutions, Inc., a Delaware corporation ("Link") at a purchase price of $7.50
per share. The purchase price may be paid by cleared funds or by delivery of
shares of common stock of the Optionee, which shall be valued at the bid price
for such stock as of the close of business on the day prior to exercise of this
Option.
This Option may be exercised at any time within six months from the date hereof
by delivery of written notice of such exercise to Xxxxxxx. The notification
shall include this Option certificate and payment in full of the purchase price.
Upon receipt of payment in full, Xxxxxxx shall promptly issue and deliver a
certificate or certificates representing the shares so purchased and paid for.
This Option may not be transferred without the prior written consent of Xxxxxxx,
which consent may be withheld in the sole discretion of Xxxxxxx.
The Optionee shall not, by reason of the Option, have any rights of a
shareholder of Link. Upon exercise of the Option, and payment for the shares so
purchased, Optionee shall have all rights of a shareholder of record as to the
shares so purchased.
The number of shares covered by this Option shall not be affected by any stock
dividend, stock split, recapitalization, exchange of shares, reorganization, or
similar change in Link=s structure or its stock.
The exercise of this Option and the transfer of shares hereunder shall be
subject to compliance by Xxxxxxx and by the Optionee with all applicable
requirements of laws relating thereto and with all applicable regulations of any
stock exchange on which Link=s stock may be listed at the time of such exercise
and issuance.
The shares transferred pursuant to exercise of this Option shall be Arestricted
stock@ as defined in SEC Rule 144, and the certificates representing the shares
shall bear an appropriate restrictive legend.
This Certificate shall be governed by and construed in accordance with the laws
of the State of Florida, and venue of any proceedings in connection herewith
shall be in Broward County, Florida.
/s/ Xxxx X. Xxxxxxx
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Xxxx X. Xxxxxxx
