Common use of Grant and Issuance of Shares Clause in Contracts

Grant and Issuance of Shares. Upon April 18, 2014 (the “Award Date”) the Company hereby grants to the CEO 0.7243 of a share of Common Stock of the Company, par value $0.001 per share, as adjusted from time to time pursuant to Section 8 (the “Initial Shares”), upon the terms and conditions set forth in this Agreement. Subject to the provisions of Section 1.3, on the Award Date the CEO shall acquire from the Company and the Company shall issue to the CEO the Initial Shares in consideration for the CEO’s past service with the Company. As a condition to the issuance and delivery of the Initial Shares, the CEO shall execute and deliver to the Company contemporaneously with the execution of this Agreement: (a) two originals of an Assignment Separate from Certificate duly endorsed (with date and number of shares blank) in the form attached as Exhibit A to this Agreement and (b) if the CEO is currently married, a Consent of Spouse in the form attached as Exhibit B to this Agreement.

Grant and Issuance of Shares. Upon April 18December 31, 2014 2010, and subject to approval by the Company’s Board of Directors of this agreement and its approval of a valuation of the Company’s Common Stock obtained from an independent third party valuation expert (the “Award Date”) the Company hereby grants to the CEO 0.7243 of a share CEO, TWO AND EIGHT THOUSAND FIVE HUNDRED NINETY-FIVE TEN-THOUSANDTHS (2.8595) shares of Common Stock of the Company, par value $0.001 per share, as adjusted from time to time pursuant to Section 8 (the “Initial Shares”), upon the terms and conditions set forth in this Agreement. Subject to the provisions of Section 1.3, on the Award Date the CEO shall acquire from the Company and the Company shall issue to the CEO the Initial Shares in consideration for the CEO’s past service with the Company. As a condition to the issuance and delivery of the Initial Shares, the CEO shall execute and deliver to the Company contemporaneously with the execution of this Agreement: (a) two originals of an Assignment Separate from Certificate duly endorsed (with date and number of shares blank) in the form attached as Exhibit A to this Agreement and (b) if the CEO is currently married, a Consent of Spouse in the form attached as Exhibit B to this Agreement.

Grant and Issuance of Shares. Upon April 18December 31, 2014 2010, and subject to approval by the Company’s Board of Directors of this agreement and its approval of a valuation of the Company’s Common Stock obtained from an independent third party valuation expert (the “Award Date”) the Company hereby grants to the CEO 0.7243 of a share CEO, TWO AND EIGHT THOUSAND FIVE HUNDRED NINETY-FIVE TEN-THOUSANDTHS (2.8595) shares of Common Stock of the Company, par value $0.001 per share, as adjusted from time to time pursuant to Section 8 1.3, (the “Initial Shares”), upon the terms and conditions set forth in this Agreement. Subject to the provisions of Section 1.3, on the Award Date the CEO shall acquire from the Company and the Company shall issue to the CEO the Initial Shares in consideration for the CEO’s past service with the Company. As a condition to the issuance and delivery of the Initial Shares, the CEO shall execute and deliver to the Company contemporaneously with the execution of this Agreement: (a) two originals of an Assignment Separate from Certificate duly endorsed (with date and number of shares blank) in the form attached as Exhibit A to this Agreement and (b) if the CEO is currently married, a Consent of Spouse in the form attached as Exhibit B to this Agreement.