Common use of Option Issuance Clause in Contracts

Option Issuance. On the Effective Date, the Company shall issue to Executive options to acquire 90,000 shares of common stock, par value $0.0001 per share (the “Common Stock”) of the Company, pursuant to the Option Agreement as attached hereto as Exhibit A (the “Option Agreement”) pursuant to the Company’s 2017 Stock Incentive Plan (the “Plan”). 25% of the Options shall be vested upon issuance, with the balance to vest in equal monthly installments over the following 36 months, and shall be exercisable for a period of ten (10) years except as otherwise provided in the Option Agreement or the Plan, and subject to earlier vesting or forfeiture as set forth herein and in the Option Agreement.

Option Issuance. On the Effective Date, the Company shall issue to Executive options to acquire 90,000 103,000 shares of common stock, par value $0.0001 per share (the “Common Stock”) of the Company, pursuant to the Option Agreement as attached hereto as Exhibit A (the “Option Agreement”) pursuant to the Company’s 2017 Stock Incentive Plan (the “Plan”). 25% of the Options shall be vested upon issuance, with the balance to vest in equal monthly installments over the following 36 months, and shall be exercisable for a period of ten (10) years except as otherwise provided in the Option Agreement or the Plan, and subject to earlier vesting or forfeiture as set forth herein and in the Option Agreement. In addition, the original options to acquire 72,000 shares of common stock, issued to Executive per Consulting Agreement dated March 8, 2021, see Exhibit B, will continue with the previously agreed upon vesting schedule and exercise price.

Option Issuance. On the Effective Date, the Company shall issue to Executive options to acquire 90,000 150,000 shares of common stock, par value $0.0001 per share (the “Common Stock”) of the Company, pursuant to the Option Agreement as attached hereto as Exhibit A (the “Option Agreement”) pursuant to the Company’s 2017 Stock Incentive Plan (the “Plan”). 25% of the Options shall be vested upon issuance, with the balance to vest in equal monthly installments over the following 36 months, and shall be exercisable for a period of ten (10) years except as otherwise provided in the Option Agreement or the Plan, and subject to earlier vesting or forfeiture as set forth herein and in the Option Agreement. In addition, the original options to acquire 120,000 shares of common stock, issued to Executive, see Exhibit B, will continue with the previously agreed upon vesting schedule and exercise price.