Gary S. Murray
Such shares and management personnel holding them are: Ms. Anderson, 100,000; Mr. Antenucci, 195,002; Mr. Beisser, 129,093 shares; Mr. O'Mara, 132,500 shares; Mr. Murray
, 687,500 and Mr. Reed, 70,489 shares.
The quantity for Mr. Murray
includes 9,871,427 shares and warrants to acquire 405,000 shares of common stock owned by Human Vision LLC.Mr. Murray
is a control person in Human Vision LLC.
...Gary S. Murray, Chairman and a director of ISIS, is the principal owner and executive officer of HumanVision L.L.C. On July 1, 2001, we entered into a consulting agreement with HumanVision L.L.C. Compensation for the consulting services of HumanVision L.L.C. consists of performance options to purchase 322,581 shares of common stock at an exercise price of $0.11 per share if our market capitalization exceeds $30,000,000 for twenty of thirty consecutive business days at any time prior to June 30, 2002, and an additional 322,581 shares of common stock at an exercise price of $0.11 per share if our market capitalization exceeds $60,000,000 for twenty of thirty consecutive business days at any time prior to June 30, 2002.
The options will be exercisable for a period of three years from the date of issue.The agreement also provides for a success fee of 1.5% of the transaction value in the event of a successful merger or acquisition of stock or assets. On February 2, 2001, we executed a promissory note in favor of HumanVision L.L.C.
for the sum of $75,000.The note was due on October 21, 2001 and bore interest at prime plus six percent. . Subsequent to September 30, 2001, on January 9, 2002 this note was paid in full with proceeds from the rights offering.On February 9, 2001, PlanGraphics entered into an agreement with HumanVision L.L.C.
whereby HumanVision L.L.C. agreed to provide a $325,000 standby letter of credit to National City Bank of Kentucky as additional collateral for PlanGraphics' existing line of credit that had been replaced with the Branch Banking & Trust Company line of credit.As consideration, PlanGraphics made quarterly payments of an amount equal to two percent of the value of the standby letter of credit.
The Board of Directors recommends election of the following four nominees as directors of ISIS
: John C. Antenucci, Raymund E. O'Mara, Gary S. Murray
and William S. Strang.
...Gary S. Murray Chairman and Director
...Mr. Gary S. Murray, Chairman, was appointed a director of ISIS on June 26, 1998.He was appointed Chairman of the Board of Directors on July 6, 1999.Mr. Murray is the founder and president of Human Vision LLC, Greenbelt, MD an advisory and investment firm.He is also a founder and a principal of Timebridge Technologies (Lanham, MD), an e'commerce firm specializing in database and network services.Mr. Murray was founder, chairman and president of systems integrator Sylvest Management Systems (Lanham, MD) until its acquisition by Federal Data Corporation in June 1997.He holds a BBA from Howard University, Washington, DC and is a Certified Public Accountant.
...O'Mara (its Chairperson) and Mr. Murray.
...During fiscal 2001, the audit committee consisted of Mr. Murray (its Chairperson) and Mr. O'Mara.