Common use of Grant of Stock Option Clause in Contracts

Grant of Stock Option. PURCHASE PRICE; VESTING; EXPIRATION DATE. Subject to any vesting schedule attached hereto, the Company hereby grants to Optionee the right to purchase 50,000 shares of Common Stock at a per-share purchase price of $0.75, pursuant to the terms, provisions and conditions of this Agreement (the shares of Common Stock pursuant to which Optionee shall acquire the right to purchase are referred to hereinafter as the "Option Shares"). If no vesting schedule is attached hereto or if an attached vesting schedule does not provide for specifics regarding the vesting of the option granted hereby, the option granted hereby shall become vested and exercisable with respect to all of Option Shares immediately upon the execution and delivery of this Agreement by the Company. The option granted hereunder shall expire with respect to any particular Option Shares Five (5) years after such option becomes vested with respect to such shares. In the event of Optionee's death prior to the otherwise applicable expiration date, the option created by this Agreement (to the extent then vested) shall be exercisable for one year after Optionee's death by the legal representative of the estate of Optionee or the person(s) who acquires the rights of Optionee hereunder by bequest or inheritance as a result of the death of Optionee.

Grant of Stock Option. PURCHASE PRICE; VESTING; EXPIRATION DATE. Subject to any vesting schedule attached hereto, the Company hereby grants to Optionee the right to purchase 50,000 150,000 shares of Common Stock at a per-share purchase price of $0.750.50, pursuant to the terms, provisions and conditions of this Agreement (the shares of Common Stock pursuant to which Optionee shall acquire the right to purchase are referred to hereinafter as the "Option Shares"). If no vesting schedule is attached hereto or if an attached vesting schedule does not provide for specifics regarding the vesting of the option granted hereby, the option granted hereby shall become vested and exercisable with respect to all of Option Shares immediately upon the execution and delivery of this Agreement by the Company. The option granted hereunder shall expire with respect to any particular Option Shares Five (5) years after such option becomes vested with respect to such shares. In the event of Optionee's death prior to the otherwise applicable expiration date, the option created by this Agreement (to the extent then vested) shall be exercisable for one year after Optionee's death by the legal representative of the estate of Optionee or the person(s) who acquires the rights of Optionee hereunder by bequest or inheritance as a result of the death of Optionee.

Grant of Stock Option. PURCHASE PRICE; VESTING; EXPIRATION DATE. Subject to any vesting schedule attached hereto, the The Company hereby grants to Optionee the right to purchase 50,000 30,000 shares of Common Stock at a per-share purchase price of $0.751.28, pursuant to the terms, provisions and conditions of this Agreement (the shares of Common Stock pursuant to which Optionee shall acquire the right to purchase are referred to hereinafter as the "Option Shares"). If no vesting schedule The exercise price of each such Option Share is attached hereto or if an attached vesting schedule does not provide for specifics regarding equal to the vesting fair market value of the option granted hereby, common stock on the day of such grant. The option granted hereby shall become vested and exercisable with respect to all of such Option Shares immediately upon the execution and delivery issuance of this Agreement the option by the CompanyCompany pursuant to the terms of a certain Second Engagement Letter To Hire Services made effective October 1, 2003. The option granted hereunder shall expire with respect to any particular Option Shares Five (5) years after such option becomes vested with respect to such shares. In the event of Optionee's death prior to the otherwise applicable expiration date, the option created by this Agreement (to the extent then vested) shall be exercisable for one year after Optionee's death by the legal representative of the estate of Optionee or the person(s) who acquires the rights of Optionee hereunder by bequest or inheritance as a result of the death of Optionee.

Grant of Stock Option. PURCHASE PRICE; VESTING; EXPIRATION DATE. Subject to any vesting schedule attached hereto, the The Company hereby grants to Optionee the right to purchase 50,000 17,250 shares of Common Stock at a per-share purchase price of $0.751.28, pursuant to the terms, provisions and conditions of this Agreement (the shares of Common Stock pursuant to which Optionee shall acquire the right to purchase are referred to hereinafter as the "Option Shares"). If no vesting schedule The exercise price of each such Option Share is attached hereto or if an attached vesting schedule does not provide for specifics regarding equal to the vesting fair market value of the option granted hereby, common stock on the day of such grant. The option granted hereby shall become vested and exercisable with respect to all of such Option Shares immediately upon the execution and delivery issuance of this Agreement the option by the CompanyCompany pursuant to the terms of a certain Second Engagement Letter To Hire Services made effective October 1, 2003. The option granted hereunder shall expire with respect to any particular Option Shares Five (5) years after such option becomes vested with respect to such shares. In the event of Optionee's death prior to the otherwise applicable expiration date, the option created by this Agreement (to the extent then vested) shall be exercisable for one year after Optionee's death by the legal representative of the estate of Optionee or the person(s) who acquires the rights of Optionee hereunder by bequest or inheritance as a result of the death of Optionee.

Grant of Stock Option. PURCHASE PRICE; VESTING; EXPIRATION DATE. Subject to any vesting schedule attached hereto, the The Company hereby grants to Optionee the right to purchase 50,000 shares of Common Stock at a per-share purchase price of $0.751.01, pursuant to the terms, provisions and conditions of this Agreement (the shares of Common Stock pursuant to which Optionee shall acquire the right to purchase are referred to hereinafter as the "Option Shares"). If no vesting schedule The exercise price of each such Option Share is attached hereto or if an attached vesting schedule does not provide for specifics regarding equal to the vesting fair market value of the option granted hereby, common stock on the day of such grant. The option granted hereby shall become vested and exercisable with respect to all of such Option Shares immediately upon the execution and delivery issuance of this Agreement the option by the CompanyCompany pursuant to the terms of a certain Second Engagement Letter To Hire Services made effective October 1, 2003. The option granted hereunder shall expire with respect to any particular Option Shares Five (5) years after such option becomes vested with respect to such shares. In the event of Optionee's death prior to the otherwise applicable expiration date, the option created by this Agreement (to the extent then vested) shall be exercisable for one year after Optionee's death by the legal representative of the estate of Optionee or the person(s) who acquires the rights of Optionee hereunder by bequest or inheritance as a result of the death of Optionee.

Grant of Stock Option. PURCHASE PRICE; VESTING; EXPIRATION DATE. Subject to any vesting schedule attached hereto, the The Company hereby grants to Optionee the right to purchase 50,000 28,750 shares of Common Stock at a per-share purchase price of $0.751.01, pursuant to the terms, provisions and conditions of this Agreement (the shares of Common Stock pursuant to which Optionee shall acquire the right to purchase are referred to hereinafter as the "Option Shares"). If no vesting schedule The exercise price of each such Option Share is attached hereto or if an attached vesting schedule does not provide for specifics regarding equal to the vesting fair market value of the option granted hereby, common stock on the day of such grant. The option granted hereby shall become vested and exercisable with respect to all of such Option Shares immediately upon the execution and delivery issuance of this Agreement the option by the CompanyCompany pursuant to the terms of a certain Second Engagement Letter To Hire Services made effective October 1, 2003. The option granted hereunder shall expire with respect to any particular Option Shares Five (5) years after such option becomes vested with respect to such shares. In the event of Optionee's death prior to the otherwise applicable expiration date, the option created by this Agreement (to the extent then vested) shall be exercisable for one year after Optionee's death by the legal representative of the estate of Optionee or the person(s) who acquires the rights of Optionee hereunder by bequest or inheritance as a result of the death of Optionee.

Grant of Stock Option. PURCHASE PRICE; VESTING; EXPIRATION DATE. Subject to any vesting schedule attached hereto, the The Company hereby grants to Optionee the right to purchase 50,000 12,750 shares of Common Stock at a per-share purchase price of $0.751.20, pursuant to the terms, provisions and conditions of this Agreement (the shares of Common Stock pursuant to which Optionee shall acquire the right to purchase are referred to hereinafter as the "Option Shares"). If no vesting schedule The exercise price of each such Option Share is attached hereto or if an attached vesting schedule does not provide for specifics regarding equal to the vesting fair market value of the option granted hereby, common stock on the day of such grant. The option granted hereby shall become vested and exercisable with respect to all of such Option Shares immediately upon the execution and delivery issuance of this Agreement the option by the CompanyCompany pursuant to the terms of a certain Second Engagement Letter To Hire Services made effective October 1, 2003. The option granted hereunder shall expire with respect to any particular Option Shares Five (5) years after such option becomes vested with respect to such shares. In the event of Optionee's death prior to the otherwise applicable expiration date, the option created by this Agreement (to the extent then vested) shall be exercisable for one year after Optionee's death by the legal representative of the estate of Optionee or the person(s) who acquires the rights of Optionee hereunder by bequest or inheritance as a result of the death of Optionee.

Grant of Stock Option. PURCHASE PRICE; VESTING; EXPIRATION DATE. Subject to any vesting schedule attached hereto, the Company hereby grants to Optionee the right to purchase 50,000 100,000 shares of Common Stock at a per-share purchase price of $0.751.50, pursuant to the terms, provisions and conditions of this Agreement (the shares of Common Stock pursuant to which Optionee shall acquire the right to purchase are referred to hereinafter as the "Option Shares"). If no vesting schedule is attached hereto or if an attached vesting schedule does not provide for specifics regarding the vesting of the option granted hereby, the option granted hereby shall become vested and exercisable with respect to all of Option Shares immediately upon the execution and delivery of this Agreement by the Company. The option granted hereunder shall expire with respect to any particular Option Shares Five (5) years after such option becomes vested with respect to such shares. In the event of Optionee's death prior to the otherwise applicable expiration date, the option created by this Agreement (to the extent then vested) shall be exercisable for one year after Optionee's death by the legal representative of the estate of Optionee or the person(s) who acquires the rights of Optionee hereunder by bequest or inheritance as a result of the death of Optionee.

Grant of Stock Option. PURCHASE PRICE; VESTING; EXPIRATION DATE. Subject to any vesting schedule attached hereto, the Company hereby grants to Optionee the right to purchase 50,000 100,000 shares of Common Stock at a per-share purchase price of $0.750.70, pursuant to the terms, provisions and conditions of this Agreement (the shares of Common Stock pursuant to which Optionee shall acquire the right to purchase are referred to hereinafter as the "Option Shares"). If no vesting schedule is attached hereto or if an attached vesting schedule does not provide for specifics regarding the vesting of the option granted hereby, the option granted hereby shall become vested and exercisable with respect to all of Option Shares immediately upon the execution and delivery of this Agreement by the Company. The option granted hereunder shall expire with respect to any particular Option Shares Five (5) years after such option becomes vested with respect to such shares. In the event of Optionee's death prior to the otherwise applicable expiration date, the option created by this Agreement (to the extent then vested) shall be exercisable for one year after Optionee's death by the legal representative of the estate of Optionee or the person(s) who acquires the rights of Optionee hereunder by bequest or inheritance as a result of the death of Optionee.

Grant of Stock Option. PURCHASE PRICE; VESTING; EXPIRATION DATE. Subject to any vesting schedule attached hereto, the Company hereby grants to Optionee the right to purchase 50,000 60,000 shares of Common Stock at a per-share purchase price of $0.75.50, pursuant to the terms, provisions and conditions of this Agreement (the shares of Common Stock pursuant to which Optionee shall acquire the right to purchase are referred to hereinafter as the "Option Shares"). If no vesting schedule is attached hereto or if an attached vesting schedule does not provide for specifics regarding the vesting of the option granted hereby, the option granted hereby shall become vested and exercisable with respect to all of Option Shares immediately upon the execution and delivery of this Agreement by the Company. The option granted hereunder shall expire with respect to any particular Option Shares Five (5) years after such option becomes vested with respect to such shares. In the event of Optionee's death prior to the otherwise applicable expiration date, the option created by this Agreement (to the extent then vested) shall be exercisable for one year after Optionee's death by the legal representative of the estate of Optionee or the person(s) who acquires the rights of Optionee hereunder by bequest or inheritance as a result of the death of Optionee.

Grant of Stock Option. PURCHASE PRICE; VESTING; EXPIRATION DATE. Subject to any vesting schedule attached hereto, the The Company hereby grants to Optionee the right to purchase 50,000 17,250 shares of Common Stock at a per-share purchase price of $0.751.20, pursuant to the terms, provisions and conditions of this Agreement (the shares of Common Stock pursuant to which Optionee shall acquire the right to purchase are referred to hereinafter as the "Option Shares"). If no vesting schedule The exercise price of each such Option Share is attached hereto or if an attached vesting schedule does not provide for specifics regarding equal to the vesting fair market value of the option granted hereby, common stock on the day of such grant. The option granted hereby shall become vested and exercisable with respect to all of such Option Shares immediately upon the execution and delivery issuance of this Agreement the option by the CompanyCompany pursuant to the terms of a certain Second Engagement Letter To Hire Services made effective October 1, 2003. The option granted hereunder shall expire with respect to any particular Option Shares Five (5) years after such option becomes vested with respect to such shares. In the event of Optionee's death prior to the otherwise applicable expiration date, the option created by this Agreement (to the extent then vested) shall be exercisable for one year after Optionee's death by the legal representative of the estate of Optionee or the person(s) who acquires the rights of Optionee hereunder by bequest or inheritance as a result of the death of Optionee.

Grant of Stock Option. PURCHASE PRICE; VESTING; EXPIRATION DATE. Subject to any vesting schedule attached hereto, the The Company hereby grants to Optionee the right to purchase 50,000 21,250 shares of Common Stock at a per-share purchase price of $0.751.01, pursuant to the terms, provisions and conditions of this Agreement (the shares of Common Stock pursuant to which Optionee shall acquire the right to purchase are referred to hereinafter as the "Option Shares"). If no vesting schedule The exercise price of each such Option Share is attached hereto or if an attached vesting schedule does not provide for specifics regarding equal to the vesting fair market value of the option granted hereby, common stock on the day of such grant. The option granted hereby shall become vested and exercisable with respect to all of such Option Shares immediately upon the execution and delivery issuance of this Agreement the option by the CompanyCompany pursuant to the terms of a certain Second Engagement Letter To Hire Services made effective October 1, 2003. The option granted hereunder shall expire with respect to any particular Option Shares Five (5) years after such option becomes vested with respect to such shares. In the event of Optionee's death prior to the otherwise applicable expiration date, the option created by this Agreement (to the extent then vested) shall be exercisable for one year after Optionee's death by the legal representative of the estate of Optionee or the person(s) who acquires the rights of Optionee hereunder by bequest or inheritance as a result of the death of Optionee.

Grant of Stock Option. PURCHASE PRICE; VESTING; EXPIRATION DATE. Subject to any vesting schedule attached hereto, the The Company hereby grants to Optionee the right to purchase 50,000 12,750 shares of Common Stock at a per-share purchase price of $0.751.28, pursuant to the terms, provisions and conditions of this Agreement (the shares of Common Stock pursuant to which Optionee shall acquire the right to purchase are referred to hereinafter as the "Option Shares"). If no vesting schedule The exercise price of each such Option Share is attached hereto or if an attached vesting schedule does not provide for specifics regarding equal to the vesting fair market value of the option granted hereby, common stock on the day of such grant. The option granted hereby shall become vested and exercisable with respect to all of such Option Shares immediately upon the execution and delivery issuance of this Agreement the option by the CompanyCompany pursuant to the terms of a certain Second Engagement Letter To Hire Services made effective October 1, 2003. The option granted hereunder shall expire with respect to any particular Option Shares Five (5) years after such option becomes vested with respect to such shares. In the event of Optionee's death prior to the otherwise applicable expiration date, the option created by this Agreement (to the extent then vested) shall be exercisable for one year after Optionee's death by the legal representative of the estate of Optionee or the person(s) who acquires the rights of Optionee hereunder by bequest or inheritance as a result of the death of Optionee.

Grant of Stock Option. PURCHASE PRICE; VESTING; EXPIRATION DATE. Subject to any vesting schedule attached hereto, the The Company hereby grants to Optionee the right to purchase 50,000 12,750 shares of Common Stock at a per-share purchase price of $0.751.43, pursuant to the terms, provisions and conditions of this Agreement (the shares of Common Stock pursuant to which Optionee shall acquire the right to purchase are referred to hereinafter as the "Option Shares"). If no vesting schedule The exercise price of each such Option Share is attached hereto or if an attached vesting schedule does not provide for specifics regarding equal to the vesting fair market value of the option granted hereby, common stock on the day of such grant. The option granted hereby shall become vested and exercisable with respect to all of such Option Shares immediately upon the execution and delivery issuance of this Agreement the option by the CompanyCompany pursuant to the terms of a certain Second Engagement Letter To Hire Services made effective October 1, 2003. The option granted hereunder shall expire with respect to any particular Option Shares Five (5) years after such option becomes vested with respect to such shares. In the event of Optionee's death prior to the otherwise applicable expiration date, the option created by this Agreement (to the extent then vested) shall be exercisable for one year after Optionee's death by the legal representative of the estate of Optionee or the person(s) who acquires the rights of Optionee hereunder by bequest or inheritance as a result of the death of Optionee.

Grant of Stock Option. PURCHASE PRICE; VESTING; EXPIRATION DATE. Subject to any vesting schedule attached hereto, the Company hereby grants to Optionee the right to purchase 50,000 600,000 shares of Common Stock at a per-share purchase price of $0.750.50, pursuant to the terms, provisions and conditions of this Agreement (the shares of Common Stock pursuant to which Optionee shall acquire the right to purchase are referred to hereinafter as the "Option Shares"). If no vesting schedule is attached hereto or if an attached vesting schedule does not provide for specifics regarding the vesting of the option granted hereby, the option granted hereby shall become vested and exercisable with respect to all of Option Shares immediately upon the execution and delivery of this Agreement by the Company. The option granted hereunder shall expire with respect to any particular Option Shares Five (5) years after such option becomes vested with respect to such shares. In the event of Optionee's death prior to the otherwise applicable expiration date, the option created by this Agreement (to the extent then vested) shall be exercisable for one year after Optionee's death by the legal representative of the estate of Optionee or the person(s) who acquires the rights of Optionee hereunder by bequest or inheritance as a result of the death of Optionee.

Grant of Stock Option. PURCHASE PRICE; VESTING; EXPIRATION DATE. Subject to any vesting schedule attached hereto, the Company hereby grants to Optionee the right to purchase 50,000 25,000 shares of Common Stock at a per-share purchase price of $0.750.47, pursuant to the terms, provisions and conditions of this Agreement (the shares of Common Stock pursuant to which Optionee shall acquire the right to purchase are referred to hereinafter as the "Option Shares"). If no vesting schedule is attached hereto or if an attached vesting schedule does not provide for specifics regarding the vesting of the option granted hereby, the option granted hereby shall become vested and exercisable with respect to all of Option Shares immediately upon the execution and delivery of this Agreement by the Company. The option granted hereunder shall expire with respect to any particular Option Shares Five (5) years after such option becomes vested with respect to such shares. In the event of Optionee's death prior to the otherwise applicable expiration date, the option created by this Agreement (to the extent then vested) shall be exercisable for one year after Optionee's death by the legal representative of the estate of Optionee or the person(s) who acquires the rights of Optionee hereunder by bequest or inheritance as a result of the death of Optionee.

Grant of Stock Option. PURCHASE PRICE; VESTING; EXPIRATION DATE. Subject to any vesting schedule attached hereto, the The Company hereby grants to Optionee the right to purchase 50,000 30,000 shares of Common Stock at a per-share purchase price of $0.751.20, pursuant to the terms, provisions and conditions of this Agreement (the shares of Common Stock pursuant to which Optionee shall acquire the right to purchase are referred to hereinafter as the "Option Shares"). If no vesting schedule The exercise price of each such Option Share is attached hereto or if an attached vesting schedule does not provide for specifics regarding equal to the vesting fair market value of the option granted hereby, common stock on the day of such grant. The option granted hereby shall become vested and exercisable with respect to all of such Option Shares immediately upon the execution and delivery issuance of this Agreement the option by the CompanyCompany pursuant to the terms of a certain Second Engagement Letter To Hire Services made effective October 1, 2003. The option granted hereunder shall expire with respect to any particular Option Shares Five (5) years after such option becomes vested with respect to such shares. In the event of Optionee's death prior to the otherwise applicable expiration date, the option created by this Agreement (to the extent then vested) shall be exercisable for one year after Optionee's death by the legal representative of the estate of Optionee or the person(s) who acquires the rights of Optionee hereunder by bequest or inheritance as a result of the death of Optionee.

Grant of Stock Option. PURCHASE PRICE; VESTING; EXPIRATION DATE. Subject to any vesting schedule attached hereto, the Company hereby grants to Optionee the right to purchase 50,000 100,000 shares of Common Stock at a per-share purchase price of $0.75.50, pursuant to the terms, provisions and conditions of this Agreement (the shares of Common Stock pursuant to which Optionee shall acquire the right to purchase are referred to hereinafter as the "Option Shares"). If no vesting schedule is attached hereto or if an attached vesting schedule does not provide for specifics regarding the vesting of the option granted hereby, the option granted hereby shall become vested and exercisable with respect to all of Option Shares immediately upon the execution and delivery of this Agreement by the Company. The option granted hereunder shall expire with respect to any particular Option Shares Five (5) years after such option becomes vested with respect to such shares. In the event of Optionee's death prior to the otherwise applicable expiration date, the option created by this Agreement (to the extent then vested) shall be exercisable for one year after Optionee's death by the legal representative of the estate of Optionee or the person(s) who acquires the rights of Optionee hereunder by bequest or inheritance as a result of the death of Optionee.

Grant of Stock Option. PURCHASE PRICE; VESTING; EXPIRATION DATE. Subject to any vesting schedule attached hereto, the The Company hereby grants to Optionee the right to purchase 50,000 30,000 shares of Common Stock at a per-share purchase price of $0.751.43, pursuant to the terms, provisions and conditions of this Agreement (the shares of Common Stock pursuant to which Optionee shall acquire the right to purchase are referred to hereinafter as the "Option Shares"). If no vesting schedule The exercise price of each such Option Share is attached hereto or if an attached vesting schedule does not provide for specifics regarding equal to the vesting fair market value of the option granted hereby, common stock on the day of such grant. The option granted hereby shall become vested and exercisable with respect to all of such Option Shares immediately upon the execution and delivery issuance of this Agreement the option by the CompanyCompany pursuant to the terms of a certain Second Engagement Letter To Hire Services made effective October 1, 2003. The option granted hereunder shall expire with respect to any particular Option Shares Five (5) years after such option becomes vested with respect to such shares. In the event of Optionee's death prior to the otherwise applicable expiration date, the option created by this Agreement (to the extent then vested) shall be exercisable for one year after Optionee's death by the legal representative of the estate of Optionee or the person(s) who acquires the rights of Optionee hereunder by bequest or inheritance as a result of the death of Optionee.

Grant of Stock Option. PURCHASE PRICE; VESTING; EXPIRATION DATE. Subject to any vesting schedule attached hereto, the The Company hereby grants to Optionee the right to purchase 50,000 17,250 shares of Common Stock at a per-share purchase price of $0.751.43, pursuant to the terms, provisions and conditions of this Agreement (the shares of Common Stock pursuant to which Optionee shall acquire the right to purchase are referred to hereinafter as the "Option Shares"). If no vesting schedule The exercise price of each such Option Share is attached hereto or if an attached vesting schedule does not provide for specifics regarding equal to the vesting fair market value of the option granted hereby, common stock on the day of such grant. The option granted hereby shall become vested and exercisable with respect to all of such Option Shares immediately upon the execution and delivery issuance of this Agreement the option by the CompanyCompany pursuant to the terms of a certain Second Engagement Letter To Hire Services made effective October 1, 2003. The option granted hereunder shall expire with respect to any particular Option Shares Five (5) years after such option becomes vested with respect to such shares. In the event of Optionee's death prior to the otherwise applicable expiration date, the option created by this Agreement (to the extent then vested) shall be exercisable for one year after Optionee's death by the legal representative of the estate of Optionee or the person(s) who acquires the rights of Optionee hereunder by bequest or inheritance as a result of the death of Optionee.

Grant of Stock Option. PURCHASE PRICE; VESTING; EXPIRATION DATE. Subject to any vesting schedule attached hereto, the Company hereby grants to Optionee the right to purchase 50,000 250,000 shares of Common Stock at a per-share purchase price of $0.751.50, pursuant to the terms, provisions and conditions of this Agreement (the shares of Common Stock pursuant to which Optionee shall acquire the right to purchase are referred to hereinafter as the "Option Shares"). If no vesting schedule is attached hereto or if an attached vesting schedule does not provide for specifics regarding the vesting of the option granted hereby, the option granted hereby shall become vested and exercisable with respect to all of Option Shares immediately upon the execution and delivery of this Agreement by the Company. The option granted hereunder shall expire with respect to any particular Option Shares Five (5) years after such option becomes vested with respect to such shares. In the event of Optionee's death prior to the otherwise applicable expiration date, the option created by this Agreement (to the extent then vested) shall be exercisable for one year after Optionee's death by the legal representative of the estate of Optionee or the person(s) who acquires the rights of Optionee hereunder by bequest or inheritance as a result of the death of Optionee.

Grant of Stock Option. PURCHASE PRICE; VESTING; EXPIRATION DATE. Subject to any vesting schedule attached hereto, the Company hereby grants to Optionee the right to purchase 50,000 40,000 shares of Common Stock at a per-share purchase price of $0.75.80, pursuant to the terms, provisions and conditions of this Agreement (the shares of Common Stock pursuant to which Optionee shall acquire the right to purchase are referred to hereinafter as the "Option Shares"). If no vesting schedule is attached hereto or if an attached vesting schedule does not provide for specifics regarding the vesting of the option granted hereby, the option granted hereby shall become vested and exercisable with respect to all of Option Shares immediately upon the execution and delivery of this Agreement by the Company. The option granted hereunder shall expire with respect to any particular Option Shares Five (5) years after such option becomes vested with respect to such shares. In the event of Optionee's death prior to the otherwise applicable expiration date, the option created by this Agreement (to the extent then vested) shall be exercisable for one year after Optionee's death by the legal representative of the estate of Optionee or the person(s) who acquires the rights of Optionee hereunder by bequest or inheritance as a result of the death of Optionee.

Grant of Stock Option. PURCHASE PRICE; VESTING; EXPIRATION DATE. Subject to any vesting schedule attached hereto, the Company hereby grants to Optionee the right to purchase 50,000 120,000 shares of Common Stock at a per-share purchase price of $0.75.50, pursuant to the terms, provisions and conditions of this Agreement (the shares of Common Stock pursuant to which Optionee shall acquire the right to purchase are referred to hereinafter as the "Option Shares"). If no vesting schedule is attached hereto or if an attached vesting schedule does not provide for specifics regarding the vesting of the option granted hereby, the option granted hereby shall become vested and exercisable with respect to all of Option Shares immediately upon the execution and delivery of this Agreement by the Company. The option granted hereunder shall expire with respect to any particular Option Shares Five (5) years after such option becomes vested with respect to such shares. In the event of Optionee's death prior to the otherwise applicable expiration date, the option created by this Agreement (to the extent then vested) shall be exercisable for one year after Optionee's death by the legal representative of the estate of Optionee or the person(s) who acquires the rights of Optionee hereunder by bequest or inheritance as a result of the death of Optionee.

Grant of Stock Option. PURCHASE PRICE; VESTING; EXPIRATION DATE. Subject to any vesting schedule attached hereto, the Company hereby grants to Optionee the right to purchase 50,000 200,000 shares of Common Stock at a per-share purchase price of $0.751.50, pursuant to the terms, provisions and conditions of this Agreement (the shares of Common Stock pursuant to which Optionee shall acquire the right to purchase are referred to hereinafter as the "Option Shares"). If no vesting schedule is attached hereto or if an attached vesting schedule does not provide for specifics regarding the vesting of the option granted hereby, the option granted hereby shall become vested and exercisable with respect to all of Option Shares immediately upon the execution and delivery of this Agreement by the Company. The option granted hereunder shall expire with respect to any particular Option Shares Five (5) years after such option becomes vested with respect to such shares. In the event of Optionee's death prior to the otherwise applicable expiration date, the option created by this Agreement (to the extent then vested) shall be exercisable for one year after Optionee's death by the legal representative of the estate of Optionee or the person(s) who acquires the rights of Optionee hereunder by bequest or inheritance as a result of the death of Optionee.