Common use of Compensation; Grant of Stock Option Clause in Contracts

Compensation; Grant of Stock Option. In consideration for the services to be provided by the Consultant to the Company under the terms of this Agreement, the Company agrees to grant to the Consultant upon the execution of this Agreement a non-qualified stock option (the "Option") to purchase up to the number of shares (the "Shares") of the Company's common stock (the "Common Stock") as set forth below which shall fully vest immediately upon execution of this Agreement, at an exercise price as set forth below: Number of Shares or Total Dollar Amount: $1,000,000.00 or (20,000,000 Shares) whichever produces greater benefit to the Company. Exercise Price per Share or Percentage per Share (in U.S. $): Previous fifteen (15) day low. The terms of the Option shall otherwise be set forth in a Non-Qualified Stock Option Agreement between the Company and the Consultant, substantially in the form attached as Exhibit A to this Agreement. The Company agrees to register the Shares upon signing of this Agreement for resale under the Securities Act of 1933, as amended, pursuant to a registration statement filed with the Securities and Exchange Commission on Form S-8 (or, if Form S-8 is not then available, such other form of registration statement available), pursuant to the terms of such registration set forth in the Non-Qualified Stock Option Agreement.

Compensation; Grant of Stock Option. In consideration for the services Services to be provided by the Consultant to the Company under the terms of this Agreement, the Company agrees to grant to the Consultant upon the execution of this Agreement a non-qualified stock option (the "OptionOPTION") to purchase up to the number of shares (the "SharesSHARES") of the Company's common stock (the "Common StockCOMMON STOCK") as set forth below which shall fully vest immediately upon execution of this Agreement, at an exercise price as set forth below: Number of Shares or Total Dollar Amount: $1,000,000.00 or (20,000,000 Shares) whichever produces greater benefit to the Company. 300,000 The lesser of, The Thirty Day Low or: Exercise Price per Share or Percentage per Share (in U.S. $US$): Previous fifteen (15) 50 % of the preceding thirty day low. The terms of the Option shall otherwise be set forth in a Non-Qualified Stock Option Agreement between the Company and the Consultant, substantially in the form attached as Exhibit A to this Agreement. The Company agrees to register the Shares upon signing of this Agreement agreement for resale under the Securities Act of 1933, as amended, pursuant to a registration statement filed with the Securities and Exchange Commission on Form S-8 (or, if Form form S-8 is not then available, available such other form of registration statement available), pursuant to the terms of such registration set forth in the Non-Qualified Stock Option Agreement. The Company shall pay to the race team an amount of stock equivalent to 5% of the total shares issued to the Consultant, pro rata on a monthly basis.

Compensation; Grant of Stock Option. In consideration for the services to be provided by the Consultant to the Company under the terms of this Agreement, the Company agrees to grant to the Consultant upon the execution of this Agreement a non-qualified stock option (the "Option") to purchase up to the number of shares (the "Shares") of the Company's common stock (the "Common Stock") as set forth below which shall fully vest immediately upon execution of this Agreement, at an exercise price as set forth below: Number of Shares or Total Dollar Amount: $1,000,000.00 or (20,000,000 Shares) whichever produces greater benefit to the Company. Exercise Price per Share or Percentage per Share (in U.S. 3,000,000 The Thirty Day Low, but not less than $): Previous fifteen (15) day low0.15. The terms of the Option shall otherwise be set forth in a Non-Qualified Stock Option Agreement between the Company and the Consultant, substantially in the form attached as Exhibit A to this Agreement. The Company agrees to register the Shares upon signing of this Agreement agreement for resale under the Securities Act of 1933, as amended, pursuant to a registration statement filed with the Securities and Exchange Commission on Form S-8 (or, if Form S-8 is not then available, such other form of registration statement available), pursuant to the terms of such registration set forth in the Non-Qualified Stock Option Agreement. In addition, the Company shall, at the end of each month in which options are exercised, issue to the Consultant a number of shares equal to 15% of the number of shares purchased.

Compensation; Grant of Stock Option. In consideration for the services to be provided by the Consultant to the Company under the terms of this Agreement, the Company agrees to grant to the Consultant upon the execution of this Agreement a non-qualified stock option (the "“Option"”) to purchase up to the number of shares (the "“Shares"”) of the Company's ’s common stock (the "“Common Stock"”) as set forth below which shall fully vest immediately upon execution of this Agreement, at an exercise price as set forth below: Number of Shares or Total Dollar Amount: $1,000,000.00 or (20,000,000 Shares) whichever produces greater benefit to the Company. 1,800,000 The lesser of, The Thirty Day Low or: Exercise Price per Share or Percentage per Share (in U.S. $US$): Previous fifteen (15) 662/3% of the 5-day low. low The terms of the Option shall otherwise be set forth in a Non-Qualified Stock Option Agreement between the Company and the Consultant, substantially in the form attached as Exhibit A to this Agreement. The Company agrees to register the Shares upon signing of this Agreement agreement for resale under the Securities Act of 1933, as amended, pursuant to a registration statement filed with the Securities and Exchange Commission on Form S-8 (or, if Form S-8 is not then available, such other form of registration statement available), pursuant to the terms of such registration set forth in the Non-Qualified Stock Option Agreement. The Company shall pay to the race team an amount of stock equivalent to 5% of the total shares issued to the Consultant, pro rata on a monthly basis.

Compensation; Grant of Stock Option. In consideration for the services to be provided by the Consultant to the Company under the terms of this Agreement, the Company agrees to grant to the Consultant upon the execution of this Agreement a non-qualified stock option (the "Option") to purchase up to the number of shares (the "Shares") of the Company's common stock (the "Common Stock") as so set forth below which shall fully vest immediately upon execution of this Agreement, at an exercise price as set forth below: Number of Shares or Total Dollar Amount: up to $1,000,000.00 or (20,000,000 Shares) whichever produces greater benefit to 600,000 The lesser of the Company. Thirty Day Low or: Exercise Price per Share or Percentage per Share (in U.S. $US$): Previous fifteen (15) day low. 61.25% of market price on date of exercise The terms of the this Option shall otherwise be set forth in a Non-Qualified Stock Option Agreement between the Company and the Consultant, substantially in the form attached as Exhibit A "A" to this Agreement. The Company agrees to register the Shares upon signing of this Agreement agreement for resale under the Securities Act of 1933, as amended, pursuant to a registration statement filed with the Securities and Exchange Commission on Form S-8 (or, if Form S-8 is not then available, such other form of registration statement available), pursuant to the terms of such registration set forth in the Non-Qualified Stock Option Agreement. The Company shall pay to the race team an amount of stock equivalent to 5% of the total shares issued to the Consultant, pro rata on a monthly basis.