STOCK OPTION AGREEMENTStock Option Agreement • June 1st, 2007 • Intelli Check Inc • Services-prepackaged software • New York
Intelli-Check, Inc., a New York corporation (the “Company”), as of the 15th day of July, 1999 hereby grants to Frank Mandelbaum (“Optionee”), residing at 400 E. 84th Street, Apt 38B, New York, NY 10028, in consideration of services and advice rendered by Optionee to the Company, the irrevocable right and option (“Option”) to purchase all or part of an aggregate of 375,000 shares (“Shares”) of the Company’s common stock, par value $.001 per share (“Common Stock”), on the terms and condition hereinafter set forth:
