Common use of The Option Clause in Contracts

The Option. The Company grants the Option Holder the following options for purchasing or subscribing to shares in the Company (the “Options”): Date of grant: [=date of grant] Number granted: [=number of shares] shares (the “Option Shares”) Exercise price per share: NOK [=strike price] (the “Strike Price”) Date of expiration: 10 years after the date of grant