INFINITE GROUP, INC. Incentive Stock Option Agreement Date: July 18, 2017Incentive Stock Option Agreement • July 21st, 2017 • Infinite Group Inc • Services-computer programming, data processing, etc.
WHEREAS, Infinite Group, Inc., a Delaware corporation (the “Company”) hereby desires to compensate Andrew Hoyen (the “Optionee”) with an origination fee pursuant to the Company’s and the Optionee’s $100,000 line of credit and note agreement which extends through July 31, 2022 (“Financing”); and
LINE OF CREDIT NOTE AND AGREEMENT Between Infinite Group, Inc. and Andrew Hoyen. Dated July 18, 2017Line of Credit Note and Agreement • July 21st, 2017 • Infinite Group Inc • Services-computer programming, data processing, etc. • New York
Whereas: Infinite Group, Inc., (“Company”) a Delaware corporation whose address is 175 Sully’s Trail, Suite 202, Pittsford, NY 14534, ("Borrower") desires to borrow One Hundred Thousand dollars ($100,000.00).
