MXXXX Sample Clauses

MXXXX. Xxis agreement is entered into this 29th day of April 1998 between Central American Equities, A Florida Corporation ("Company") and D.Muxxx (Xxrchaser). -68- 5 Option. Company hereby grants to Purchaser an option to purchase 500 shares of Company's common stock at $1.00 per share ("Option Shares"). The option granted by this Agreement shall vest 20% per year, so that Purchaser shall have the right to purchase 100 shares per year for five years in accordance with the terms of this agreement. Exercise of Option. Purchaser shall have the right to purchase all or any part of the Option Shares upon written notice of the exercise of the option on or before December 31st of each year in which an option is granted, commencing in 1998. In the event Purchaser exercises the option to purchase less than the total number of shares available under the option, Purchaser shall be entitled subsequently to exercise the option as to any remaining Option Shares so long as notice of the exercise of said option conforms to the terms of this agreement.
Sample 1
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MXXXX. XXX XXX, a Korean national having an address at ; and
Sample 1

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