chatching_ex103.htm
EXHIBIT 10.3
STOCK OPTION AGREEMENT
THIS AGREEMENT is made as of May 8, 2012,
by and between Michael Lamont ("Optionee") and ChatChing Inc. ("Grantor").
RECITALS
WHEREAS, Grantor desires to grant to
Optionee and Optionee desires to obtain an option (the "Option") to acquire from Grantor 20,952,381
shares (the "Shares") of Common Stock of the Grantor, if and only upon the Optionee loaning Grantor
the sum of $90,000 (the "Loan"), all upon the terms and conditions set forth herein, and
WHEREAS, the parties hereto desire to document their
understanding regarding the Option to purchase the Shares subject to the Loan.
NOW,
THEREFORE, in consideration of the mutual promises and covenants contained herein and for
other good and valuable consideration, the receipt and adequacy of which is hereby acknowledged,
the parties hereto agree as follows:
1. Grant of and Consideration for
Option. Grantor hereby grants to Optionee the Option to acquire the Shares from
Grantor at a price of $.00000125 for aggregate consideration of $26.19 and in connection therewith
execute an Investment Letter similar in form and substance to the attached investment letter.
2. Exercise of Option and Option Price of
Shares. The Option can only be exercised upon the Optionee loaning the sum of
$90,000 with simple interest of .25% per annum, all principal and interest due February 28, 2015
and in connection therewith receive the promissory note of Grantor similar in form and substance to
the attached Promissory Note.
All payments and loan proceeds must be made by cash or check to the Grantor, or
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