EXHIBIT 10.12 OPTION AGREEMENT DATED JULY 10, 1996 HOMELIFE OPTION AGREEMENT ISSUED JULY 10, 1996 Mr. Edmond Lani is hereby granted a three (3) year option to purchase ten thousand (10,000) shares of the Company's investment shares at the option price of one ($1.00) dollar per share. Said option is not transferable without prior written approval of the board of directors. /s/ Andrew Cimerman - ------------------------------------- Andrew Cimerman, President /s/ Robert L. Cashman - ------------------------------------- Robert L. Cashman, Secretary