Plastics Mfg. Company Stock Option Agreement with Mark Sellers (5,000,000 Shares)

Summary

This agreement grants Mark Sellers the right to purchase up to 5,000,000 shares of common stock in Plastics Mfg. Company at $12.00 per share. The option can be exercised in increments of at least 10,000 shares at a time and must be exercised in writing before December 31, 2011. The company commits to fulfill the terms if the option is exercised as specified.

EX-10.02 6 ex1002.txt PMC STOCK OPTION Exhibit 10.02 5,000,000 SHARES OF COMMON STOCK PLASTICS MFG. COMPANY A WISCONSIN CORPORATION W188 N11707 MAPLE ROAD GERMANTOWN, WISCONSIN 53022 STOCK OPTION For value received, MARK SELLERS AND ASSIGNS, the Optionee of this Option contract (the "Option"), may call upon PLASTICS MFG. COMPANY, the Optionor of this Option, to sell to the Optionee Five Million (5,000,000) shares of the Common Stock (the "Shares") of PLASTICS MFG. COMPANY (the "Corporation") at a price of $12.00 per share (the "Strike Price"). 1. EXERCISE. This Option can be exercised only on or before December 31, 2011. Exercise may be made in a series of exercised steps, but not less than 10,000 shares may be exercised at any one time. 2. EXPIRATION. The expiration date of the Option is December 31, 2011. 3. PRESENTMENT. This Option must be presented to the Optionor at the time of exercise of this Option. This Option must be exercised in writing. 4. CONDITIONS. This Option is subject to the terms and conditions on the reverse side hereof. 5. COMMITMENT. The Optionor agrees to carry out and perform all of the obligations of this Option, in accordance with the terms and conditions hereof. Dated this 2nd day of January, 2002. PLASTICS MFG. COMPANY, OPTIONOR By: MARK G. SELLERS Mark G. Sellers, President