EXHIBIT 6(iv)
GRANT OF OPTION AND AGREEMENT
TO PURCHASE CORPORATE STOCK
OPTION GIVEN this 11/th/ day of August, 1999, by Hydrogiene Corporation, of
San Diego, California ("grantor"), by the authority of the board of directors of
grantor corporation, in accordance with a resolution of the board adopted at a
board meeting on the 28/th/ day of March, 1999, to Xxxxxxx X. Xxxxxx, of Rancho
California, California ("grantee"):
1. Grantor hereby grants to grantee an option to purchase 3 million (3,000,000)
shares of the common stock of grantor corporation. Such purchase shall be on the
terms and conditions stated in this option agreement.
2. This option is effective immediately when executed by grantor and will expire
at 5:00 o'clock p.m. on December 31, in the year 2002. Notice of the option
shall be provided grantee in writing.
3. Grantee may exercise this option only by delivering to grantor a written
notice thereof, signed by grantee, and tendering the consideration there set
forth, before the time set for expiration of the option. Any such notice, if
sent by registered or certified mail, shall be considered delivered when
deposited in the United States mail.
4. As consideration for the grant of this option, grantee has paid to grantor,
concurrently with the execution hereof, the sum of $100, and other valuable
consideration, receipt of which is acknowledged by grantor. This option is
exercisable either partially or in full during the option period. Grantee may
partially exercise the option as frequently and in such increments as grantee
desires, cumulatively, up to the total number of optioned shares.
5. The terms of this option are as follows: Grantee may purchase the stated
number of shares at the strike price calculated at fifteen percent (15%) of the
bid price of the stock on the date the option is exercised.
6. In the event grantee fails to exercise this option, grantor shall retain all
consideration paid as consideration for this option. If the option is exercised,
the sum paid as consideration for this option shall be applied to the purchase
price under the terms hereof.
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7. This option agreement shall be binding on and shall inure to the benefit of
the parties and their respective heirs, successors, or assigns.
GRANTOR: HYDROGIENE CORPORATION
By: /s/ Xxxxxxx X. Xxxxxxxx Dated: 11 August, 1999
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Xxxxxxx X. Xxxxxxxx, Chairman
Attested:
By: /s/ Xxxx X. Rolls, Jr. Dated: 11 August, 1999
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Xxxx X. Rolls, Jr., Secretary
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