Common use of Grant of the Options Clause in Contracts

Grant of the Options. Subject to the terms and conditions of this Agreement, the Corporation hereby grants to Optionee the right to purchase (individually referred to as the "Option" or collectively referred to as the "Options") from the Corporation Five Hundred Thousand (500,000) shares of the Common Stock (the "Option Shares"), subject to the following vesting schedule, at the per share purchase price equal to the closing price of the Corporation's Common Stock on the day preceding the date of this Agreement but in no event less than $0.625 per share for a five (5) year period commencing on the date hereof:

Grant of the Options. Subject to the terms and conditions of this Agreement, the Corporation hereby grants to Optionee the right to purchase (individually referred to as the "Option" or collectively referred to as the "Options") from the Corporation Five Hundred Thousand (500,000) shares of the Common Stock (the "Option Shares"), subject to the following vesting schedule, at the per share purchase price equal to the closing price of the Corporation's Common Stock on the day preceding the date of this Agreement but in no event less than $0.625 2.25 per share for a five (5) year period commencing on the date hereof:

Grant of the Options. Subject to the terms and conditions of this Agreement, the Corporation hereby grants to Optionee the right to purchase (individually referred to as the "Option" or collectively referred to as the "Options") from the Corporation Five Hundred Thousand (500,000) shares of the Common Stock (the "Option Shares"), subject to the following vesting schedule, at the per share purchase price equal to the closing price of the Corporation's Common Stock on the day preceding the date of this Agreement but in no event less than $0.625 0.20 per share for a five (5) year period commencing on the date hereof:

Grant of the Options. Subject to the terms and conditions of this Agreement, and the obtaining of the Shareholder Approval described in paragraph 7 hereinafter, the Corporation hereby grants to the Optionee the right to purchase (individually referred to as the "Option" or collectively referred to as the "Options") from the Corporation Five Hundred Thousand Corporation_______ thousand (500,000___________) shares of the Common Stock (the "Option Shares"), subject to the following vesting schedule, at the per share purchase price equal to the closing price of the Corporation's Common Stock on the day preceding the date Purchase Price (as defined in Section 2 of this Agreement but in no event less than $0.625 per share Agreement) for a five (5) year period ("Exercise Period") commencing on the date hereof:

Grant of the Options. Subject to the terms and conditions of this Agreement, the Corporation hereby grants to Optionee the right to purchase (individually referred to as the "Option" or collectively referred to as the "Options") from the Corporation Five Hundred Thousand four hundred thousand (500,000400,000) shares of the Common Stock (the "Option Shares"), subject to the following vesting schedule, at the per share purchase price equal to the closing price of the Corporation's Common Stock on the day preceding the date of this Agreement but in no event less than $0.625 2.25 per share for a five (5) year period commencing on the date hereof: