Common use of The Option Clause in Contracts

The Option. The Company hereby grants to NuVen the option to acquire Five Hundred Thousand (500,000) shares of the Company's Common Stock (the "Option"), subject to adjustment as set forth herein (such shares, as adjusted, are hereinafter referred to as the "Option Shares"), at a purchase price of Fifty Cents ($.50) per share ("Option Price").

The Option. The Company hereby grants to NuVen (hereinafter "Holder") an option (the option "Option") to acquire Five Hundred Thousand (500,000) shares of the Company's Common Stock (the "Option")Stock, subject to adjustment as set forth herein (such shares, as adjusted, are hereinafter referred to as the "Option Shares"), at a purchase price of Fifty Cents ($.50) .50 per share ("Option Price").

The Option. The Company hereby grants to NuVen (hereinafter "Holder") an option (the option "Option") to acquire Five Two Hundred Fifty Thousand (500,000250,000) shares of the Company's Common Stock (the "Option")Stock, subject to adjustment as set forth herein (such shares, as adjusted, are hereinafter referred to as the "Option Shares"), at a purchase price of Fifty Cents ($.50) .10 per share ("Option Price").

The Option. The Company hereby grants to NuVen (hereinafter "Holder") an option (the option "Option") to acquire Five Hundred Thousand One Million (500,0001,000,000) shares of the Company's Common Stock (the "Option")Stock, subject to adjustment as set forth herein (such shares, as adjusted, are hereinafter referred to as the "Option Shares"), at a purchase price of Fifty Cents ($.50) per share ("Option Price")) representing one hundred ten percent (110%) of the ten (10) day moving average closing bid price for the Company's common stock.

The Option. The Company hereby grants to NuVen (hereinafter "Holder") an option (the option "Option") to acquire Five Three Hundred Fifty Thousand (500,000350,000) shares of the Company's Common Stock (the "Option")Stock, subject to adjustment as set forth herein (such shares, as adjusted, are hereinafter referred to as the "Option Shares"), at a purchase price of Fifty Cents ($.50) 6.00 per share ("Option Price").