INFINITE GROUP, INC. Stock Option Agreement (This “Agreement”)Stock Option Agreement • May 16th, 2019 • Infinite Group Inc • Services-computer programming, data processing, etc. • New York
WHEREAS, Infinite Group, Inc., a Delaware corporation (the “Company”) hereby desires to compensate Harry A. Hoyen, III (the “Optionee”) with a fee pursuant to the Company’s and the Optionee’s $500,000 Note Payable Agreement dated May 7, 2019 (“Financing”); and
NOTE PAYABLE AGREEMENT Between Infinite Group, Inc. and Harry A. Hoyen III, IRA Dated May 7, 2019Note Payable Agreement • May 16th, 2019 • Infinite Group Inc • Services-computer programming, data processing, etc. • New York
Whereas: Infinite Group, Inc., a Delaware corporation whose address is 175 Sully’s Trail, Suite 202, Pittsford, NY 14534, (“ the Company”) desires to borrow Five Hundred Thousand dollars ($500,000) from Harry A. Hoyen.
