Common use of Grant of Option; Certain Terms and Conditions Clause in Contracts

Grant of Option; Certain Terms and Conditions. As of the date hereof ("Date of Grant"), the Company hereby grants to Optionee, and Optionee hereby accepts, an option (the "Option") to purchase 81,250 shares of Common Stock (the "Option Shares") at the Exercise Price per share of $7.00 ("Exercise Price"). This Option shall expire at 5:00 p.m., Pacific Standard Time, on September 1, 2008 (the "Expiration Date"), or on such earlier date as provided herein, and shall be subject to all of the terms and conditions set forth in this Agreement.

Grant of Option; Certain Terms and Conditions. As of the date hereof ("Date of Grant"), the The Company hereby grants to Optionee, and Optionee hereby accepts, as of the Date of Grant, an option (the "Option") to purchase 81,250 900,000 shares of Common Stock (the "Option Shares") at the Exercise Price Prices per share of $7.00 ("Exercise Price")set forth below. This The Option shall expire at 5:00 p.m., Pacific Standard Timep.m. Eastern time, on September 1December 31, 2008 2009 (the "Option Expiration Date"), or on such earlier date as provided herein, ) and shall be subject to all of the terms and conditions set forth in this Agreement.. The Option shall become exercisable to purchase (vest) as follows:

Grant of Option; Certain Terms and Conditions. As of the date hereof ("Date of Grant"), the Company hereby grants to Optionee, and Optionee hereby accepts, an option (the "Option") to purchase 81,250 91,667 shares of Common Stock (the "Option Shares") at the Exercise Price per share of $7.00 ("Exercise Price"). This Option shall expire at 5:00 p.m., Pacific Standard Time, on September June 1, 2008 (the "Expiration Date"), or on such earlier date as provided herein, and shall be subject to all of the terms and conditions set forth in this Agreement.

Grant of Option; Certain Terms and Conditions. As of the date hereof ("Date of Grant"), the Company hereby grants to Optionee, and Optionee hereby accepts, an option (the "Option") to purchase 81,250 108,333 shares of Common Stock (the "Option Shares") at the Exercise Price per share of $7.00 ("Exercise Price"). This Option shall expire at 5:00 p.m., Pacific Standard Time, on September June 1, 2008 (the "Expiration Date"), or on such earlier date as provided herein, and shall be subject to all of the terms and conditions set forth in this Agreement.

Grant of Option; Certain Terms and Conditions. As of the date hereof ("Date of Grant"), the Company hereby grants to Optionee, and Optionee hereby accepts, an option (the "Option") to purchase 81,250 125,000 shares of Common Stock (the "Option Shares") at the Exercise Price per share of $7.00 ("Exercise Price"). This Option shall expire at 5:00 p.m., Pacific Standard Time, on September June 1, 2008 (the "Expiration Date"), or on such earlier date as provided herein, and shall be subject to all of the terms and conditions set forth in this Agreement.