Stock Option Agreement between AspenBio, Inc. and Gail Schoettler dated August 21, 2001

Contract Categories: Business Finance › Warrant Agreements
Summary

AspenBio, Inc. has granted Gail Schoettler the option to purchase up to 100,000 shares of the company's common stock at $1.00 per share. This option can be exercised in whole or in part, in multiples of 10,000 shares, at any time before August 20, 2006. The option is not transferable without the company's consent. To exercise the option, Gail Schoettler must provide written notice, payment, and return the agreement for endorsement.

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EX-10.13 21 d95933ex10-13.txt STOCK OPTION AGREEMENT WITH GAIL SCHOETTLER EXHIBIT 10.13 ASPENBIO, INC. Number of Shares: 100,000 Date of Grant: August 21, 2001 STOCK OPTION AGREEMENT AGREEMENT made this 21st day of August, 2001, between ("Optionee"), and AspenBio, Inc., a Colorado corporation ("Company"). 1. Grant of Option. The Company, hereby grants to the Optionee, subject to the terms and conditions set forth or incorporated herein, an Option to purchase from the Company all or any part of an aggregate of Common Shares, as such Common Shares are now constituted, at the purchase price of $1.00 per share. 2. Exercise. The Option evidenced hereby shall be exercisable in whole or in part (but only in multiples of 10,000 Shares unless such exercise is as to the remaining balance of this Option) on or after and on or before August 20, 2006, provided that the cumulative number of Common Shares as to which this Option may be exercised shall not exceed the following amounts:
Cumulative Number Prior to Date of Shares (Not Inclusive of) -------------------------- ------------------ 100,000 August 20, 2006
The Option evidenced hereby shall be exercisable by the delivery to and receipt by the Company of (i) a written notice of election to exercise; (ii) accompanied by payment of the full purchase price thereof in cash or certified check payable to the order of the Company, and (iii) by return of this Stock Option Agreement for endorsement of exercise by the Company. 3. Transferability. The Option evidenced hereby is NOT assignable or transferable by the Optionee, except with the Company's consent. AspenBio, Inc. By: /s/ Roger Hurst 8-21-01 -------------------------------- -------------------------------- Roger Hurst, President Date Optionee: /s/ Gail Schoettler - ------------------------------------- -------------------------------- Gail Schoettler Social Security or Tax ID # 8100 Southpark Way, B-1 . Littleton, CO 80120 ###-###-#### . Fax ###-###-#### www.aspenbioinc.com