Common use of Options; Stock Issuances Clause in Contracts

Options; Stock Issuances. The Board of Directors of Parent shall have the right to grant or issue, as the case may be, (i) restricted stock or options to acquire shares of Parent Common Stock pursuant to the Parent's 1997 Stock Awards Plan, provided that no more than the number of shares authorized under the 1997 Stock Awards Plan have been issued; (ii) restricted stock valued at or warrants to purchase up to 90,000 shares of Parent Common Stock to be issued to certain non-employee directors of Parent who were responsible for negotiating the June 3 Big Stuff Agreement at an exercise price of $6.96 per share, the Restated Company Agreement and the Restated Web Agreement; (iii) the shares of Parent Common Stock issuable upon conversion at Closing of the Great Western Notes at a conversion price of $5.50 per share; (iv) up to 1,090,909 shares of Parent Common Stock issuable upon conversion of one or more notes which may be issued to the Big Stuff Shareholders who may lend up to Six Million Dollars ($6,000,000.00) to Big Stuff or Web as provided in this Restated Agreement, at a conversion price of $5.50 per share; (v) shares of Parent Common Stock to be issued upon exercise of options or warrants to be granted at Closing to those Persons designated by Company in the Restated Company Agreement; (vi) those shares of Parent Common Stock issuable upon exercise of previously granted options; and (vii) one (1) share of Parent Class B Voting Preferred Stock to be issued to the trustee under the Exchange and Voting Trust Agreement.

Options; Stock Issuances. The Board of Directors of Parent ------------------------ shall have the right to grant or issueissue , as the case may be, (i) restricted stock or options to acquire shares of Parent Common Stock pursuant to the Parent's 1997 Stock Awards Plan, provided that no more than the number of shares authorized under the 1997 Stock Awards Plan have been issued; (ii) restricted stock valued at or warrants to purchase up to 90,000 shares of Parent Common Stock to be issued to certain non-employee directors of Parent who were are responsible for negotiating the June 3 Big Stuff this Agreement at an exercise price of $6.96 per share, the Restated Company Acquisition Agreement and the Restated Web Acquisition Agreement; (iii) the shares of Parent Common Stock issuable upon conversion at Closing of the Great Western Notes at a conversion price of $5.50 per share; (iv) up to 1,090,909 1,818,182 shares of Parent Common Stock issuable upon conversion of one or more notes which may be issued to the Big Stuff Shareholders Web shareholders who may lend up to Six Ten Million Dollars ($6,000,000.0010,000,000.00) to Big Stuff or Web as provided in this Restated Agreement, at a conversion price of $5.50 per share; (v) shares of Parent Common Stock to be issued upon exercise of options or warrants to be granted at Closing to those Persons designated by Company in the Restated Company AgreementCompany; (vi) those shares of Parent Common Stock issuable upon exercise of previously granted options; and (vii) one (1) share derivative securities to purchase shares of Parent Class B Voting Preferred Common Stock issuable to be issued certain Big Stuff Shareholders in connection with the sale of the CLEC Operations, as provided in Section ------- 5.11 hereof; (viii) derivative securities to purchase shares of Parent ---- Common Stock issuable to certain Company Shareholders in connection with the trustee under sale of the Exchange CLEC Operations; and Voting Trust Agreement(ix) derivative securities to purchase shares of Parent Common Stock issuable to certain Web shareholders in connection with the sale of the CLEC Operations.

Options; Stock Issuances. The Board of Directors of ------------------------ Parent shall have the right to grant or issue, as the case may be, (i) restricted stock or options to acquire shares of Parent Common Stock pursuant to the Parent's 1997 Stock Awards Plan, provided that no more than the number of shares authorized under the 1997 Stock Awards Plan have been issued; (ii) restricted stock valued at or warrants to purchase up to 90,000 shares of Parent Common Stock to be issued to certain non-employee directors of Parent who were are responsible for negotiating the June 3 Big Stuff this Agreement at an exercise price of $6.96 per share, the Restated Company Acquisition Agreement and the Restated Web Big Stuff Acquisition Agreement; (iii) the shares of Parent Common Stock issuable upon conversion at Closing of the Great Western Notes at a conversion price of $5.50 per share; (iv) up to 1,090,909 1,818,182 shares of Parent Common Stock issuable upon conversion of one or more notes which may be issued to the Big Stuff Web Shareholders who may lend up to Six Ten Million Dollars ($6,000,000.0010,000,000.00) to Web or Big Stuff or Web as provided in this Restated Agreement, at a conversion price of $5.50 per share; (v) shares of Parent Common Stock to be issued upon exercise of options or warrants to be granted at Closing to those Persons designated by Company in the Restated Company AgreementCompany; (vi) those shares of Parent Common Stock issuable upon exercise of previously granted options; and (vii) one (1) share derivative securities to purchase shares of Parent Class B Voting Preferred Common Stock issuable to be issued certain Web Shareholders in connection with the sale of the CLEC Operations, as provided in Section 5.11 hereof; (viii) ------------ derivative securities to purchase shares of Parent Common Stock issuable to certain Company Shareholders in connection with the trustee under sale of the Exchange CLEC Operations; and Voting Trust Agreement(ix) derivative securities to purchase shares of Parent Common Stock issuable to certain Big Stuff shareholders in connection with the sale of the CLEC Operations.

Options; Stock Issuances. The Board of Directors of Parent shall have the right to grant or issue, as the case may be, (i) restricted stock or options to acquire shares of Parent Common Stock pursuant to the Parent's 1997 Stock Awards Plan, provided that no more than the number of shares authorized under the 1997 Stock Awards Plan have been issued; (ii) restricted stock valued at or warrants to purchase up to 90,000 shares of Parent Common Stock to be issued to certain non-employee directors of Parent who were responsible for negotiating the June 3 Big Stuff Web YP Agreement at an exercise price of $6.96 per share, the Restated Company Agreement and the Restated Web Big Stuff Agreement; (iii) the shares of Parent Common Stock issuable upon conversion at Closing of the Great Western Notes at a conversion price of $5.50 per share; (iv) up to 1,090,909 shares of Parent Common Stock issuable upon conversion of one or more notes which may be issued to the Big Stuff Web Shareholders who may lend up to Six Million Dollars ($6,000,000.00) to Web or Big Stuff or Web as provided in this Restated Agreement, at a conversion price of $5.50 per share; (v) shares of Parent Common Stock to be issued upon exercise of options or warrants to be granted at Closing to those Persons designated by Company in the Restated Company Agreement; (vi) those shares of Parent Common Stock issuable upon exercise of previously granted options; and (vii) one (1) share of Parent Class B Voting Preferred Stock to be issued to the trustee under the Exchange and Voting Trust Agreement.