AMERICAN ELECTRIC AUTOMOBILE COMPANY, INC.Stock Payment Agreement • May 17th, 2002 • American Electric Automobile Co Inc • Motor vehicles & passenger car bodies • Georgia
Agreement to Accept and Issue Shares. The undersigned employee, consultant or advisor (the "Participant") participating in the 2002 Employee, Consultant and Advisor Stock Compensation Plan (the "Plan") of American Electric Automobile Company, Inc., a Delaware corporation (the "Company"), hereby agrees to accept, and the Company agrees to issue, shares of the Company's $0.0001 par value Common Stock, in accordance with Section 2 of this Agreement. A copy of the Plan has been delivered to the Participant. This Agreement is subject to all the terms and conditions set forth herein as well as the terms and conditions of the Plan, which are incorporated herein by reference. If there is any inconsistency or discrepancy between the terms and conditions of this Agreement and the Plan, the terms and conditions of the Plan will prevail. Numbers and Purpose of Shares to be issued.
