Common use of Valuation of Common Stock Clause in Contracts

Valuation of Common Stock. The Recipient understands that the Company has valued the Shares at $0.12 cents per Share as of the Grant Date, which equals the fair market value of one share of Common Stock as determined by the Company in a manner consistent with Code Section 409A.

Valuation of Common Stock. The Recipient understands that the Company has valued the Shares at par value, or $0.12 0.0001 cents per Share as of the Grant Date, which equals the fair market value of one share of Common Stock as determined by the Company in a manner consistent with Code Section 409A.

Valuation of Common Stock. The Recipient understands that the Company has valued the Shares at $0.12 cents 1.11 dollar per Share share as of the Grant Date, which equals the fair market value of one share of Common Stock as determined by the Company in a manner consistent with Code Section 409A.

Valuation of Common Stock. The Recipient understands that the Company has valued the Shares at $0.12 cents 3.00 per Share share as of the Grant Date, which equals the fair market value of one share of Common Stock common stock as determined by the Company in a manner consistent with Internal Revenue Code Section 409A.409A. Further, the valuation of the Shares at $3.00 per share is equal to the price paid per share by third party investors in the Company’s most recent private placement of common stock.