Exhibit 7.2 - Option Agreement
INSTRUMENT OF CONVEYANCE AND
DECLARATION OF OWNERSHIP
FOR VALUE RECEIVED, Xxxxxxxxxxx X. Xxxxxxxx ("Assignor"), as
of and on the date hereof, hereby transfers, assigns, sells and
conveys to the following ("Assignees"):
1. X. X. Xxxxxxxx, Xx., an undivided twenty percent (20%) interest;
2. Xxxx X. Xxxxxxxx, an undivided twenty percent (20%) interest;
3. Xxxxx X. Xxxxxxxx, an undivided ten percent (10%) interest;
4. Xxxxxx X. Xxxxxxx, an undivided ten percent (10%) interest;
each and all such interests to be owned and held as tenants in
common with the Assignor, in the Option for 258,910 shares of
common capital stock ("Stock") of Crown Laboratories, Inc.
("Company") standing in Assignor's name on the books and records
of the Company.
By this instrument and the Stock Transfer Assignments
Separate from Certificate attached hereto, the Assignor agrees
and declares that, as of the date hereof, the Assignor and the
Assignees each own and hold their respective undivided interests
in and to the Stock as tenants in common and not as partners,
trustees, co-venturers, unincorporated association, or any other
form of business relationship.
IN WITNESS WHEREOF, the undersigned has executed and
delivered this Instrument as of December 1st, 1993.
/s/ Xxxxxxxxxxx X. Xxxxxxxx
___________________________
XXXXXXXXXXX X. XXXXXXXX
/s/ Notary Public
_________________
WITNESS
