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

Number of Shares and Option Price. Pursuant to the action of the Committee, which action was effective on October 3, 2012 (the “Date of Grant”), the Optionee is hereby granted a non-qualified stock option (the “Option”) to purchase two hundred thousand (200,000) shares of the Company’s common stock (the “Option Shares”), at the purchase price of Sixty Cents ($0.60) per share (the “Option Price”). The Option Price is equal to or greater than the price at which the Company’s common stock was last sold as quoted on the Pink Sheets of the OTC on the Date of Grant.

Number of Shares and Option Price. Pursuant to the action of the Committee, which action was effective on October 3March 8, 2012 (the “Date of Grant”), the Optionee is hereby granted a non-qualified stock option (the “Option”) to purchase two hundred fifty thousand (200,00050,000) shares of the Company’s 's common stock (the “Option Shares”), at the purchase price of Sixty Sixty-Three Cents ($0.600.63) per share (the “Option Price”). The Option Price is equal to or greater than the price at which the Company’s 's common stock was last sold as quoted on the Pink Sheets of the OTC on the Date of Grant.

Number of Shares and Option Price. Pursuant to the action of the Committee, which action was effective on October 3March 13, 2012 2013 (the “Date of Grant”), the Optionee is hereby granted a non-qualified stock option (the “Option”) to purchase two hundred seventy five thousand (200,000275,000) shares of the Company’s common stock (the “Option Shares”), at the purchase price of Sixty Fifty-Three Cents ($0.600.53) per share (the “Option Price”). The Option Price is equal to or greater than the price at which the Company’s common stock was last sold as quoted on the Pink Sheets of the OTC on the Date of Grant.

Number of Shares and Option Price. Pursuant to the action of the Committee, which action was effective on October 3March 8, 2012 (the “Date of Grant”), the Optionee is hereby granted a non-qualified stock option (the “Option”) to purchase two one million five hundred thousand (200,0001,500,000) shares of the Company’s 's common stock (the “Option Shares”), at the purchase price of Sixty Sixty-Three Cents ($0.600.63) per share (the “Option Price”). The Option Price is equal to or greater than the price at which the Company’s 's common stock was last sold as quoted on the Pink Sheets of the OTC on the Date of Grant.

Number of Shares and Option Price. Pursuant to the action of the Committee, which action was effective on October 3November 10, 2012 2011 (the “Date of Grant”), the Optionee is hereby granted a non-qualified stock option (the “Option”) to purchase two hundred seventy five thousand (200,00075,000) shares of the Company’s common stock stock, par value $0.01 per share (the “Option Shares”), at the purchase price of Sixty Fifty-One Cents ($0.600.51) per share (the “Option Price”). The Option Price is equal to or greater than the price at which the Company’s common stock was last sold as quoted on the Pink Sheets of the OTC on the Date of Grant.