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STOCK PURCHASE OPTION AGREEMENT

Option Agreement

STOCK PURCHASE OPTION AGREEMENT | Document Parties: InMedica Development Corporation You are currently viewing:
This Option Agreement involves

InMedica Development Corporation

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Title: STOCK PURCHASE OPTION AGREEMENT
Date: 2/9/2009
Industry: Computer Peripherals     Sector: Technology

STOCK PURCHASE OPTION AGREEMENT, Parties: inmedica development corporation
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EXHIBIT 2.3

 

STOCK PURCHASE OPTION AGREEMENT

 

This Stock Purchase Option Agreement (the "Agreement") is made this 8th day of December, 2008 by and among InMedica Develop­ment Corporation, a Utah corporation (the "Corporation"), SNG Consulting, LLC, an Arizona limited liability company (the "Option­ee"), and ValuMobile LLC, a Nevada limited liability company ("VM").

 

WHEREAS, the Corporation is a publicly traded entity that has registered its common stock under the Securities and Exchange Act of 1934 (the "Exchange Act");

 

WHEREAS, the Optionee wishes to acquire an option to purchase shares of common stock from the Corporation under certain terms and conditions;

 

WHEREAS, the Corporation wishes to become the sole member of VM, a recently formed Nevada limited liability company that has no assets;

 

NOW THEREFORE, the parties hereto agree as follows;

 

1.   In consideration of the Corporation being named as the sole member of VM, the Corpor­ation hereby grants to the Optionee an option  (the "Option") to purchase a total of Five Million (5,000,000) restricted shares of common stock of the Corporation (the "Shares") on the terms and conditions set forth hereinafter.

 

2.   The exercise price for purchase of the Shares pursuant to the Option described in this Agreement shall be $0.01 per Share.

 

3.   The Option described in this Agreement shall not be exercisable after December 31, 2009 (herein referred to as the "Expira­tion Date").

 

4.   The Option described in this Agreement is exercisable with respect to all, or from time to time with respect to any portion, of the Shares by deliver­ing written notice of such exercise to the principal office of the Secretary of the Corporation.  Each such notice shall be accompa­nied by payment in full of the Option price of such Shares payable in certified funds. The Corporation shall issue and deliver the Shares to the Optionee within ten (10) calendar days of receipt of the above described written notice and payment.

 

5.   The rights and obligations of the Optionee pursuant to and under the Option described in this Agreement may be assigned or transferred by the Optionee without the consent of the Corporation.

 


 

6.   If the exercise of the Option to purchase the Shares hereunder is not registered under the Securities Act of 1933 (the "Securities Act"), but an exemption is available, which requires an investment or other representation, the Optionee shall represent and agree at the time of exercise that the Shares being acquired as a result of exercising the Option described in this Agreement are being acquired for investment, and not with a view to the sale or distribu­tion thereof, and shall make such other representa­tions as are deemed necessary or appropriate by the Corporation and its counsel. No Shares acquired by exercise of this Option shall be sold or otherwise disposed of in violation of any federal or state


 
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