Common use of Grant of Option; Grant Date Clause in Contracts

Grant of Option; Grant Date. The Company hereby grants to Holder, the right (the "Option") to purchase up to 100,000 shares of the Company's Common Stock (the "Option Shares") at a price per share of $2.375 (the "Exercise Price"), on the terms and conditions set forth in this Agreement. This Option is not intended to qualify as an incentive stock option for purposes of Section 422 of the Internal Revenue Code of 1986, as amended. The number and kind of Option Shares and the Exercise Price may be adjusted in certain circumstances in accordance with the provisions of Section 5 below.

Grant of Option; Grant Date. The Company hereby grants to Holder, the right (the "Option") to purchase up to 100,000 90,000 shares of the Company's Common Stock (the "Option Shares") at a price per share of $2.375 (the "Exercise Price"), on the terms and conditions set forth in this Agreement. This Option is not intended to qualify as an incentive stock option for purposes of Section 422 of the Internal Revenue Code of 1986, as amended. The number and kind of Option Shares and the Exercise Price may be adjusted in certain circumstances in accordance with the provisions of Section 5 below.

Grant of Option; Grant Date. The Company hereby grants to Holder, the right (the "Option") to purchase up to 100,000 500,000 shares of the Company's Common Stock (the "Option Shares") at a price per share of $2.375 (the "Exercise Price"), on the terms and conditions set forth in this Agreement. This Option is not intended to qualify as an incentive stock option for purposes of Section 422 of the Internal Revenue Code of 1986, as amended. The number and kind of Option Shares and the Exercise Price may be adjusted in certain circumstances in accordance with the provisions of Section 5 below.

Grant of Option; Grant Date. The Company hereby grants to Holder, the right (the "Option") to purchase up to 100,000 200,000 shares of the Company's Common Stock (the "Option Shares") ), 150,000 at a price per share of $2.375 33.00, and 50,000 at a price per share of $30.00 (the "Exercise Price"), on the terms and conditions set forth in this Agreement. This Option is not intended to qualify as an incentive stock option for purposes of Section 422 of the Internal Revenue Code of 1986, as amendedCode. The number and kind of Option Shares and the Exercise Price may be adjusted in certain circumstances in accordance with the provisions of Section 5 9 below.

Grant of Option; Grant Date. The Company hereby grants to Holder, the right (the "Option") to purchase up to 100,000 ____________ shares of the Company's Common Stock (the "Option Shares") at a price per share of $2.375 ____ (the "Exercise Price"), on the terms and conditions set forth in this Agreement. This Option is not intended to qualify as an incentive stock option for purposes of Section 422 of the Internal Revenue Code of 1986, as amended. The number and kind of Option Shares and the Exercise Price may be adjusted in certain circumstances in accordance with the provisions of Section 5 below.