Option Agreement Between Logistics Management Resources, Inc. and Midwest Merger Management LLC for Purchase of Interstate University, Inc. Shares
Summary
This agreement, dated February 21, 2002, grants Logistics Management Resources, Inc. the right to purchase 100 shares of Class A common stock of Interstate University, Inc. from Midwest Merger Management LLC at $1.00 per share. The option can be exercised only after the Buyer fully satisfies its obligations under a related Stock Purchase Agreement and a $200,000 Promissory Note. The agreement sets out the conditions under which the stock option may be exercised.
EX-10.4 6 x10-4.txt OPTION AGREEMENT EXHIBIT 10.4 OPTION AGREEMENT OPTION AGREEMENT THIS OPTION AGREEMENT is made and entered into as of February 21, 2002 by and between Logistics Management Resources, Inc. ("Buyer"), and Midwest Merger Management LLC ("Seller"). Seller hereby grants Buyer the right and option to purchase 100 shares of Class A common stock of Interstate University, Inc. for $1.00 per share upon the complete satisfaction of all of Buyer's obligations to Seller under the Stock Purchase Agreement between them dated the date hereof and the related Promissory Note in the original principal amount of $200,000. IN WITNESS WHEREOF, the parties have duly executed and delivered this Agreement as of the date first above written. LOGISTICS MANAGEMENT RESOURCES, INC. BY: /s/ Danny Pixler ---------------- TITLE: Danny Pixler, President MIDWEST MERGER MANAGEMENT LLC BY: /s/ Michele Brown ----------------- TITLE: Michele Brown, Secretary
