OPTION AGREEMENT
Exhibit
10.2
The
following agreement will specifically detail the option program attached to the
purchase of shares in DRS Inc.’s PPM. The minimum investment made in
the Private Placement Memorandum dated 12/14/2006, is $10,000 US dollars to
receive a lower cost option.
The
option program is offered exclusively to the original “seed investors” of DRS
Inc. during its Private Placement. The “seed investor” will be allowed to
purchase an equal number of shares to its original shares, based on the total
dollars spent. Each investor will have the right to exercise one or
more of the option choices best suited to his or her investment goals, within
the specified time restrictions stated within each option. Thus, the
investor can choose to purchase additional shares under one or more of the four
option programs, allowing for the maximum purchase of three times the number of
shares made in his original investment.
Option
1. For every share purchased by a “seed investor “ of $5,000
dollars or more through the PPM, the investor will have the right to exercise an
option allowing him to purchase another share at the original investment price
of $.75 cents per share. The option period will be valid for twelve
months from the date of the original PPM investment. The number of
shares in the option agreement available to be exercised is tied to the precise
number of shares purchased in the original PPM investment. A minimum
investment of $5,000.00 US dollars, gives the investor the right to purchase a
maximum of $5,000 dollars of additional shares at $.75 cents per share. The
greater the number of shares purchased in the original investment, the greater
the number of additional shares each investor has the right to buy at the
initial $.75 cents per share within a twelve-month period.
Option
2. For an investment of $10,000 dollars to $49,999 dollars,
the “seed investor will be granted an option to purchase a like number of shares
purchased in the original PPM investment for $.50 cents per share for an option
period of twelve months from the date of the original PPM
investment.
Option
3. For an investment of $50,000 dollars to $99,999 dollars, the “seed
investor” will be granted an option to purchase a like number of shares
purchased in the original PPM investment for $.50 cents per share for an option
period of twelve months from the date of the original PPM
investment. In addition, the “seed investor” will be granted an
option to purchase a like number of shares as in the original PPM purchase for
$.35 cents per share for an option period of twelve months from the date of the
original PPM investment.
Option
4. For an investment of $100,000 dollars or more, the “seed investor”
will be granted an option to purchase a like number of shares purchased in the
original PPM investment
for $.50 cents per share for an option period of twelve months from the date of
the original PPM investment. In addition, the “seed investor” will be
granted an option to purchase a like number of shares as in the original PPM
purchase for $.35 cents for an option period of twelve months from the date of
the original PPM investment. In addition, this “seed investor”
receives a third option to purchase a like number of shares as in the original
investment in the PPM for $.25 cents per share with an option period of twelve
months from the date of the original PPM investment.
Note.
This option program offers each individual investor the benefits of low
costs, along with flexibility of choice. The larger the initial investment, the
greater the advantage to the investor who chooses to utilize all option programs
to purchase additional shares.
Dated______________
Initial
Option
1________
Option
2________
Option
3________
Option
4________
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Investor/shareholder
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Dated___________________
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Dated__________________
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