NONSTATUTORY STOCK OPTION AGREEMENT AND GRANT PURSUANT TO HLM DESIGN, INC. 1998 STOCK OPTION PLANNonstatutory Stock Option Agreement • June 22nd, 1998 • Brannon Vernon B • Services-engineering, accounting, research, management • North Carolina
EXHIBIT 2 SECURITY ESCROW AGREEMENT THIS ESCROW AGREEMENT made and entered into this 18th day of June, 1998, among the persons and parties who have signed this Agreement as security holders (herein collectively referred to as the "Security Holders"),...Security Escrow Agreement • June 22nd, 1998 • Brannon Vernon B • Services-engineering, accounting, research, management
STATUTORY INCENTIVE STOCK OPTION AGREEMENT AND GRANT PURSUANT TO HLM DESIGN, INC. 1998 STOCK OPTION PLANStatutory Incentive Stock Option Agreement • June 22nd, 1998 • Brannon Vernon B • Services-engineering, accounting, research, management • North Carolina
Exhibit 1 SECURITY HOLDER ACKNOWLEDGMENT The undersigned, pursuant to Section 5.12 of the Underwriting Agreement between HLM Design, Inc. (the "Company") and Berthel Fisher & Company Financial Services, Inc. ("Berthel"), Westport Resources Investment...Brannon Vernon B • June 22nd, 1998 • Services-engineering, accounting, research, management
The undersigned, pursuant to Section 5.12 of the Underwriting Agreement between HLM Design, Inc. (the "Company") and Berthel Fisher & Company Financial Services, Inc. ("Berthel"), Westport Resources Investment Services, Inc. ("Westport") and Marion Bass Securities Corporation ("Marion Bass") (Westport and Marion Bass together with Berthel, the "Managers"), of even date herewith, being all of the officers, directors, or employees of the Company who individually own 5% or more of shares of the Company (based on the number of shares outstanding as of the date hereof) agree and acknowledge that they shall not directly or indirectly offer or sell to the public, or privately, any portion of the shares of common stock of the Company owned by such persons prior to the date of the Underwriting Agreement or hereafter acquire by exercise of an option, for a period of twelve months from the date of the Underwriting Agreement without the prior written consent of Berthel. the undersigned acknowledge
June 12, 1998 HLM Design, Inc. 121 West Trade Street Suite 2850 Charlotte, North Carolina 28202 Ladies and Gentlemen: This will confirm the agreement and understanding of the undersigned that, notwithstanding the provisions of Section 3 of that...Brannon Vernon B • June 22nd, 1998 • Services-engineering, accounting, research, management
This will confirm the agreement and understanding of the undersigned that, notwithstanding the provisions of Section 3 of that certain Security Escrow Agreement dated the date hereof among the undersigned, HLM Design, Inc. and First Union National Bank, as escrow agent (the "Agreement") the Shares (as defined in the Agreement) shall not be released from escrow under the Agreement pursuant to such Section 3 to the extent such release would result in the recognition of compensation expense to the Company in connection therewith.
