S-8 STOCK OPTION AGREEMENT
GRANTEE: Saggi Capital Corp.
ADDRESS: 000 Xxxxxxxxx Xxxxxx
Xxx Xxxx, XX 00000
OPTION TO PURCHASE: Two Hundred Thousand (200,000) Shares of
CRYO-CELL International, Inc. COMMON STOCK
EXERCISE PRICE PER SHARE: $1.00
EXPIRATION DATE: February 5, 1999
CRYO-CELL International, Inc. (CCEL), (the "Grantor"), hereby grants to
the above named Grantee an option to purchase shares of its Common Stock at the
purchase price above. The grant of option(s) is pursuant to the Investor
Relations Agreement, dated November 5, 1998 ("Agreement") and is subject to all
terms and conditions agreed upon between the Grantor and Grantee. The price per
share and number of shares will adjusted in the event of a stock split, stock
dividend, merger or consolidation or other recapitalization.
Unless otherwise provided by rider to the Option Agreement, signed by
both the Grantor and the Grantee, this Agreement entitles the Grantee to
purchase the stock or any portion thereof within the specified ninety (90) day
period. The options granted hereunder shall expire at the end of the ninety day
period.
The Grantor will file an SEC form S-8 pertaining to these options. This
Option Agreement is not assignable or transferable.
EXECUTED by the Company on this 5th day of November, 1998.
CRYO-CELL INTERNATIONAL, INC.
By: /s/ XXXXXX X. XXXXXXX
-------------------------------
Xxxxxx X. Xxxxxxx, Chairman and
Chief Executive Officer
The holder of this option hereby requests the exercise of this option.
By: __________________________
Title: __________________________
Exercise Date: __________________________
S9
