Common use of Option to Purchase Common Stock Clause in Contracts

Option to Purchase Common Stock. a. The Corporation hereby grants to the Holder an option (the "Option") to purchase from the Corporation 290,000 Option Shares, at a purchase price of $1.90 per Option Share (the "Option Price"). The Holder's right and option to purchase the Option Shares shall vest, subject to subsection 1(d) and Section 6, as follows: (i) 95,000 Option Shares vest on July 1, 1997; (ii) 65,000 vest on January 1, 1998; (iii) 65,000 Option Shares vest on July 1, 1998, and (iv) 65,000 Option Shares vest on January 1, 1999 (each an "Installment") at the Option Price, so long as the Holder is employed by the Corporation. Said right shall be cumulative. With respect to each Installment, the "Option Period" shall commence on the date said Installment vests and terminate on March 14, 2007.

Option to Purchase Common Stock. a. The Corporation hereby grants to the Holder an option (the "Option") to purchase from the Corporation 290,000 350,000 Option Shares, at a purchase price of $1.90 .10 per Option Share (the "Option Price"). The Holder's right and option to purchase the Option Shares shall vest, subject to subsection 1(d) and Section 6, as follows: (i) 95,000 Option Shares vest on July 1, 1997; , (ii) 65,000 Option Shares vest on January 1, 1998; , (iii) 65,000 Option Shares vest on July 1, 1998, and ; (iv) 65,000 125,000 Option Shares vest on January 1, 1999 (each an "Installment") at the Option Price, so long as the Holder is employed by the Corporation. Said right shall be cumulative. With respect to each Installment, the "Option Period" shall commence on the date said Installment vests and terminate on March 14, 2007.

Option to Purchase Common Stock. a. The Corporation hereby grants to the Holder an option (the "Option") to purchase from the Corporation 290,000 100,000 Option Shares, at a purchase price of $1.90 .10 per Option Share (the "Option Price"). The Holder's right and option to purchase the Option Shares shall vest, subject to subsection 1(d) and Section 6b, as follows: (i) 95,000 34,000 Option Shares vest on July 1, 1997; , (ii) 65,000 22,000 Option Shares vest on January 1, 1998; (iii) 65,000 22,000 Option Shares vest on July 1, 1998, and ; (iv) 65,000 22,000 Option Shares vest on January 1, 1999 (each an "Installment") at the Option Price, so long as the Holder is employed by the Corporation. Said right shall be cumulative. With respect to each Installment, the "Option Period" shall commence on the date said Installment vests and terminate on March 14, 2007.

Option to Purchase Common Stock. a. The Corporation hereby grants to the Holder an option (the "Option") to purchase from the Corporation 290,000 100,000 Option Shares, at a purchase price of $1.90 per Option Share (the "Option Price"). The Holder's right and option to purchase the Option Shares shall vest, subject to subsection 1(d) and Section 6, as follows: (i) 95,000 34,000 Option Shares vest on July 1, 1997; , (ii) 65,000 22,000 Option Shares vest on January 1, 1998; (iii) 65,000 22,000 Option Shares vest on July 1, 1998, and ; (iv) 65,000 22,000 Option Shares vest on January 1, 1999 1999, (each an "Installment") at the Option option Price, so long as the Holder is employed by the Corporation. Said right shall be cumulative. With respect to each Installment, the "Option Period" shall commence on the date said Installment vests and terminate on March 14October 1, 2007.

Option to Purchase Common Stock. a. The Corporation hereby grants to the Holder an option (the "Option") to purchase from the Corporation 290,000 ______ Option Shares, at a purchase price of $1.90 _____ per Option Share (the "Option Price"). The Holder's right and option to purchase the Option Shares shall vest, subject to subsection 1(d) and Section 65(c), as follows: (i) 95,000 _____ Option Shares vest on July 1, 1997; (ii) 65,000 _____ vest on January 1, 1998; (iii) 65,000 _____ Option Shares vest on July 1, 1998, and (iv) 65,000 _____ Option Shares vest on January 1, 1999 (each an "Installment") at the Option Price, so long as the Holder is employed by the Corporation. Said right shall be cumulative. With respect to each Installment, the "Option Period" shall commence on the date said Installment vests and terminate on March 14, 2007.

Option to Purchase Common Stock. a. The Corporation hereby grants to the Holder an option (the "Option") to purchase from the Corporation 290,000 250,000 Option Shares, at a purchase price of $1.90 1.50 per Option Share (the "Option Price"). The Holder's right and option to purchase the Option Shares shall vest, subject to subsection 1(d) and Section 6, as follows: (i) 95,000 85,000 Option Shares vest on July 1, 1997; , (ii) 65,000 55,000 Option Shares vest on January 1, 1998; , (iii) 65,000 55,000 Option Shares vest on July 1, 1998, and ; (iv) 65,000 55,000 Option Shares vest on January 1, 1999 (each an "Installment") at the Option Price, so long as the Holder is employed by the Corporation. Said right shall be cumulative. With respect to each Installment, the "Option Period" shall commence on the date said Installment vests and terminate on March 14, 2007.