Common use of Grant of Option to Purchase Clause in Contracts

Grant of Option to Purchase. The Company hereby grants to Optionee the right and option to purchase all or any part of 10,000 shares of the issued and outstanding shares of stock on the terms and conditions set forth herein (the “Option Shares”). The number of shares subject to this Option to Purchase shall be adjusted for any stock splits, stock dividend or other issuance or redemption of shares by the Company. This Option shall not be treated as an incentive stock option within the meaning of Section 422A(b) of the Internal Revenue Code of 1986, as amended (the “Code”).

Grant of Option to Purchase. The Company hereby grants to Optionee ---------------------------- the right and option to purchase all or any part of 10,000 16,000 shares of the issued and outstanding shares of stock on the terms and conditions set forth herein (the “"Option Shares”"). The number of shares subject to this Option to Purchase shall be adjusted for any stock splits, stock dividend dividends or other issuance or redemption of shares by the Company. This Option shall not be treated as an incentive stock option within the meaning of Section 422A(b) of the Internal Revenue Code of 1986, as amended (the “"Code”").

Grant of Option to Purchase. The Company hereby grants to Optionee the right and option to purchase all or any part of 10,000 1,000 shares of the issued and outstanding shares of stock on the terms and conditions set forth herein (the “Option Shares”). The number of shares subject to this Option to Purchase shall be adjusted for any stock splits, stock dividend or other issuance or redemption of shares by the Company. This Option shall not be treated as an incentive stock option within the meaning of Section 422A(b) of the Internal Revenue Code of 1986, as amended (the “Code”).

Grant of Option to Purchase. The Company hereby grants to Optionee the right and option to purchase all or any part of 10,000 5000 shares of the issued and outstanding shares of stock on the terms and conditions set forth herein (the “Option Shares”). The number of shares subject to this Option to Purchase shall be adjusted for any stock splits, stock dividend or other issuance or redemption of shares by the Company. This Option shall not be treated as an incentive stock option within the meaning of Section 422A(b) of the Internal Revenue Code of 1986, as amended (the “Code”).