Common use of Granting of Option Clause in Contracts

Granting of Option. 3. The Company hereby irrevocably grants to the Optionee a non-transferable option to purchase 100,000 shares in the capital stock of the Company (hereinafter called the "Option") at a price of $0.50 per share (the "Option Price") on the terms and conditions hereinafter set forth.

Granting of Option. 3. The Company hereby irrevocably grants to the Optionee a non-transferable option to purchase 100,000 65,000 shares in the capital stock of the Company (hereinafter called the "Option") at a price of $0.50 0.58 per share (the "Option Price") on the terms and conditions hereinafter set forth.

Granting of Option. 3. The Company hereby irrevocably grants to the Optionee a non-transferable option to purchase 100,000 300,000 shares in the capital stock of the Company (hereinafter called the "Option") at a price of $0.50 0.58 per share (the "Option Price") on the terms and conditions hereinafter set forth.

Granting of Option. 3. The Company hereby irrevocably grants to the Optionee a non-transferable option to purchase 100,000 200,000 shares in the capital stock of the Company (hereinafter called the "Option") at a price of $0.50 per share (the "Option Price") on the terms and conditions hereinafter set forth.

Granting of Option. 3. The Company hereby irrevocably grants to the Optionee a non-transferable option to purchase 100,000 300,000 shares in the capital stock of the Company (hereinafter called the "Option") at a price of $0.50 0.38 per share (the "Option Price") on the terms and conditions hereinafter set forth.