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Grateful

08/06/05 7:45 PM

#30861 RE: dmceng #30860

dmceng - Richard has the option to buy 3.5 million at .10. Monica has the option to buy 2 million at .10. Because they are married, they indirectly have rights to purchase each others options.

So Moncia has the option for 2 million in her own right. The addition 3.5 are Richard's.