Common use of Options Granted Clause in Contracts

Options Granted. The Company hereby grants the Optionee non-qualified stock options to purchase an aggregate of Three Hundred Thousand (300,000) shares of the Company’s Common Stock at the exercise prices per share set below (the “Exercise Price”) for a term commencing on the vesting dates set out below (the “Vesting Date”) and expiring at 5:00 pm (Pacific Time) on the expiration dates set out below (the “Expiration Date”), subject to termination as set forth herein: (a) Options to purchase an aggregate of 150,000 shares of the Corporation’s common stock vesting on the dates and in the amounts, exercisable at the price of $0.75 per share, and expiring on the dates, each as set out below, subject to the Compensation Committee of the Company’s Board of Directors, or if there are no active members of the Compensation Committee, a majority of the Company’s Board of Directors not including the Optionee, determining that the Optionee has, from the Grant Date to the respective vesting dates set out below, reasonably fulfilled his duties and obligations as an officer of the Company, the options will vest on the following schedule: 25,000 $0.75 The Grant Date June 29, 2016 25,000 $0.75 December 31, 2011 December 30, 2016 25,000 $0.75 June 30, 2012 June 29, 2017 25,000 $0.75 December 31, 2012 December 30, 2017 25,000 $0.75 June 30, 2013 June 30, 2018 25,000 $0.75 December 31, 2013 December 30, 2018 (b) Options to purchase an aggregate of 75,000 shares of the Corporation’s common stock at an exercise price of $0.75 per share, vesting on the dates and in the amounts, and expiring on the dates, each as set out below:

Options Granted. The Company hereby grants the Optionee non-qualified stock options to purchase an aggregate of Three Six Hundred Thousand (300,000600,000) shares of the Company’s Common Stock at the exercise prices per share set below (the “Exercise Price”) for a term commencing on the vesting dates set out below (the “Vesting Date”) and expiring at 5:00 pm (Pacific Time) on the expiration dates set out below (the “Expiration Date”), subject to termination as set forth herein: (a) Options to purchase an aggregate of 150,000 300,000 shares of the Corporation’s common stock vesting on the dates and in the amounts, exercisable at the price of $0.75 per share, and expiring on the dates, each as set out below, subject to the Compensation Committee of the Company’s Board of Directors, or if there are no active members of the Compensation Committee, a majority of the Company’s Board of Directors not including the Optionee, determining that the Optionee has, from the Grant Date to the respective vesting dates set out below, reasonably fulfilled his duties and obligations as an officer of the Company, the options will vest on the following schedule: 25,000 50,000 $0.75 The Grant Date June 30, 2010 June 29, 2015 50,000 $0.75 December 31, 2010 December 30, 2015 50,000 $0.75 June 30, 2011 June 29, 2016 25,000 50,000 $0.75 December 31, 2011 December 30, 2016 25,000 50,000 $0.75 June 30, 2012 June 2930, 2017 25,000 50,000 $0.75 December 31, 2012 December 30, 2017 25,000 $0.75 June 30, 2013 June 30, 2018 25,000 $0.75 December 31, 2013 December 30, 20182017 (b) Options to purchase an aggregate of 75,000 150,000 shares of the Corporation’s common stock at an exercise price of $0.75 0.53 per share, vesting on the dates and in the amounts, and expiring on the dates, each as set out below:

Options Granted. The Company hereby grants the Optionee non-qualified stock options to purchase an aggregate of Three Two Hundred Thousand (300,000200,000) shares of the Company’s Common Stock at the exercise prices per share set below (the “Exercise Price”) for a term commencing on the vesting dates set out below (the “Vesting Date”) and expiring at 5:00 pm (Pacific Time) on the expiration dates set out below (the “Expiration Date”), subject to termination as set forth herein: (a) Options to purchase an aggregate of 150,000 200,000 shares of the Corporation’s common stock vesting on the dates and in the amounts, exercisable at the price of $0.75 0.82 per share, and expiring on the dates, each as set out below, subject to the Compensation Committee of the Company’s Board of Directors, or if there are no active members of the Compensation Committee, a majority of the Company’s Board of Directors not including the Optionee, determining that the Optionee has, from the Grant Date to the respective vesting dates set out below, reasonably fulfilled his duties and obligations as an officer of the Company, the options will vest on the following schedule: 25,000 $0.75 The Grant Date 0.82 March 31, 2010 March 30, 2015 25,000 $0.82 June 30, 2010 June 29, 2015 25,000 $0.82 September 30, 2010 September 29, 2015 25,000 $0.82 December 31, 2010 December 30, 2015 25,000 $0.82 March 31, 2011 March 30, 2016 25,000 $0.82 June 30, 2011 June 30, 2016 25,000 $0.82 September 30, 2011 September 29, 2016 25,000 $0.75 0.82 December 31, 2011 December 30, 2016 25,000 $0.75 June 30, 2012 June 29, 2017 25,000 $0.75 December 31, 2012 December 30, 2017 25,000 $0.75 June 30, 2013 June 30, 2018 25,000 $0.75 December 31, 2013 December 30, 2018 (b) Options to purchase an aggregate No option may be exercised unless the option has vested. The vesting of 75,000 shares all options will be cumulative. All options which have not vested will terminate on the date of termination of the Corporation’s common stock at an exercise price of $0.75 per share, vesting on the dates and options in the amounts, and expiring on the dates, each as set out below:accordance with this Agreement.

Options Granted. The Company hereby grants the Optionee non-qualified stock options to purchase an aggregate of Three Six Hundred Thousand (300,000600,000) shares of the Company’s Common Stock at the exercise prices per share set below (the “Exercise Price”) for a term commencing on the vesting dates set out below (the “Vesting Date”) and expiring at 5:00 pm (Pacific Time) on the expiration dates set out below (the “Expiration Date”), subject to termination as set forth herein: (a) Options to purchase an aggregate of 150,000 300,000 shares of the Corporation’s common stock vesting on the dates and in the amounts, exercisable at the price of $0.75 per share, and expiring on the dates, each as set out below, subject to the Compensation Committee of the Company’s Board of Directors, or if there are no active members of the Compensation Committee, a majority of the Company’s Board of Directors not including the Optionee, determining that the Optionee has, from the Grant Date to the respective vesting dates set out below, reasonably fulfilled his duties and obligations as an officer of the Company, the options will vest on the following schedule: 25,000 50,000 $0.75 The Grant Date June 29, 2016 25,000 50,000 $0.75 December 31, 2011 December 30, 2016 25,000 50,000 $0.75 June 30, 2012 June 29, 2017 25,000 50,000 $0.75 December 31, 2012 December 30, 2017 25,000 50,000 $0.75 June 30, 2013 June 30, 2018 25,000 50,000 $0.75 December 31, 2013 December 30, 2018 (b) Options to purchase an aggregate of 75,000 150,000 shares of the Corporation’s common stock at an exercise price of $0.75 per share, vesting on the dates and in the amounts, and expiring on the dates, each as set out below: