Common use of Number of Options and Option Price Clause in Contracts

Number of Options and Option Price. During the period of one year following the initial air date of the Media Test (the "First Performance Year"), in the event that the number of Product units sold pursuant to the Production Agreement, is as set forth in the table below, Optionee is granted the option to purchase the number of shares of common stock of the Company at the price set forth in the table below. Similarly, in the event the Product Agreement continues for a Second or Third Performance Year, Optionee is granted the further option to purchase the number of shares of common stock of the Company at the price set forth in the table for each such Performance Year, with each such option as is granted hereunder to be exercisable for a period of five years after the end of the Performance Year whose sales determined the grant of options. By virtue of the table below, in the event 65,000 Product Units are sold in the First Performance Year, 110,000 Product Units are sold in the Second Performance Year, and 200,000 Product Units are sold in the Third Performance Year, the Optionee is granted a five year option at the end of the First Performance Year to purchase 110,000 shares of common stock of the Company at $.85 per share, a further five year option at the end of the Second Performance Year to purchase 200,000 shares of the Company's common stock at $.85 per share, and a further five year option at the end of the Third Performance Year to purchase 600,000 shares of common stock of the Company at $.50 per share. There shall be no interpolations in the table other than as set forth therein, such that in the event 54,000 Product units are sold in the First Performance Year, the Optionee is, at the end of such Year, granted the option to purchase 50,000 shares of common stock of the Company at $1.00 per share.

Number of Options and Option Price. During the period of one year following the initial air date of the Media Test (the "First Performance Year"), in the event that the number of Product units sold pursuant to the Production Agreement, is as set forth in the table below, Optionee is granted the option to purchase the number of shares of common stock of the Company at the price set forth in the table below. Similarly, in the event the Product Agreement continues for a Second or Third Performance Year, Optionee is granted the further option to purchase the number of shares of common stock of the Company at the price set forth in the table for each such Performance Year, with each such option as is granted hereunder to be exercisable for a period of five years after the end of the Performance Year whose sales determined the grant of options. By virtue of the table below, in the event 65,000 Product Units are sold in the First Performance Year, 110,000 Product Units are sold in the Second Performance Year, and 200,000 Product Units are sold in the Third Performance Year, the Optionee is granted a five year option at the end of the First Performance Year to purchase 110,000 shares of common stock of the Company at $.85 per share, a further five year option at the end of the Second Performance Year to purchase 200,000 shares of the Company's common stock at $.85 per share, and a further five year option at the end of the Third Performance Year to purchase 600,000 shares of common stock of the Company at $.50 per share. There shall be no interpolations in the table other than as set forth therein, such that in the event 54,000 Product units are sold in the First Performance Year, the Optionee is, at the end of such Year, granted the option to purchase 50,000 shares of common stock of the Company at $1.00 per share.. First Performance Year