Common use of SHARES SUBJECT TO PURCHASE OPTION Clause in Contracts

SHARES SUBJECT TO PURCHASE OPTION. Grantor currently owns 100 shares of Common Stock (the "Shares"), all of which shall initially be subject to the terms, provisions and conditions of the Purchase Option (as hereafter defined). The term "IPO" means the first underwritten public offering of the Company's common stock other than any offering pursuant to any registration statement (i) relating to any capital stock of the Company or options, warrants or other rights to acquire any such capital stock issued or to be issued primarily to directors, officers or employees of the Company, or any of its subsidiaries (ii) relating to any employee benefit plan or interest therein, (iii) relating principally to any preferred stock or debt securities of the Company, or (iv) filed pursuant to Rule 145 under the Securities Act of 1933, as amended, or any successor or similar provisions.

SHARES SUBJECT TO PURCHASE OPTION. Grantor currently owns 100 _________ shares of Common Stock (the "Shares"), all of which shall initially be subject to the terms, provisions and conditions of the Purchase Option (as hereafter defined). The term "IPO" means the first underwritten public offering of the Company's common stock other than any offering pursuant to any registration statement (i) relating to any capital stock of the Company or options, warrants or other rights to acquire any such capital stock issued or to be issued primarily to directors, officers or employees of the Company, or any of its subsidiaries (ii) relating to any employee benefit plan or interest therein, (iii) relating principally to any preferred stock or debt securities of the Company, or (iv) filed pursuant to Rule 145 under the Securities Act of 1933, as amended, or any successor or similar provisions.

SHARES SUBJECT TO PURCHASE OPTION. Grantor currently owns 100 ___________ shares of Common Stock (the "Shares"), all of ) which shall initially be subject to the terms, provisions and conditions of the Purchase Option (as hereafter defined). The term "IPO" means the first underwritten public offering of the Company's common stock other than any offering pursuant to any registration statement (i) relating to any capital stock of the Company or options, warrants or other rights to acquire any such capital stock issued or to be issued primarily to directors, officers or employees of the Company, or any of its subsidiaries (ii) relating to any employee benefit plan or interest therein, (iii) relating principally to any preferred stock or debt securities of the Company, or (iv) filed pursuant to Rule 145 under the Securities Act of 1933, as amended, or any successor or similar provisions.

SHARES SUBJECT TO PURCHASE OPTION. Grantor currently owns 100 49,000 shares of Restricted Common Stock and 81,265 shares of Common Stock (collectively, the "Shares"), all of ) which shall initially be subject to the terms, provisions and conditions of the Purchase Option (as hereafter defined). The term "IPO" means the first underwritten public offering of the Company's common stock other than any offering pursuant to any registration statement (i) relating to any capital stock of the Company or options, warrants or other rights to acquire any such capital stock issued or to be issued primarily to directors, officers or employees of the Company, or any of its subsidiaries (ii) relating to any employee benefit plan or interest therein, (iii) relating principally to any preferred stock or debt securities of the Company, or (iv) filed pursuant to Rule 145 under the Securities Act of 1933, as amended, or any successor or similar provisions.

SHARES SUBJECT TO PURCHASE OPTION. Grantor currently owns 100 75 shares of Common Stock (the "Shares"), all of which shall initially be subject to the terms, provisions and conditions of the Purchase Option (as hereafter defined). The term "IPO" means the first underwritten public offering of the Company's common stock other than any offering pursuant to any registration statement (i) relating to any capital stock of the Company or options, warrants or other rights to acquire any such capital stock issued or to be issued primarily to directors, officers or employees of the Company, or any of its subsidiaries (ii) relating to any employee benefit plan or interest therein, (iii) relating principally to any preferred stock or debt securities of the Company, or (iv) filed pursuant to Rule 145 under the Securities Act of 1933, as amended, or any successor or similar provisions.

SHARES SUBJECT TO PURCHASE OPTION. Grantor currently owns 100 42,000 shares of Restricted Common Stock and 78,265 shares of Common Stock (collectively, the "Shares"), all of ) which shall initially be subject to the terms, provisions and conditions of the Purchase Option (as hereafter defined). The term "IPO" means the first underwritten public offering of the Company's common stock other than any offering pursuant to any registration statement (i) relating to any capital stock of the Company or options, warrants or other rights to acquire any such capital stock issued or to be issued primarily to directors, officers or employees of the Company, or any of its subsidiaries (ii) relating to any employee benefit plan or interest therein, (iii) relating principally to any preferred stock or debt securities of the Company, or (iv) filed pursuant to Rule 145 under the Securities Act of 1933, as amended, or any successor or similar provisions.