Series I Stock Option Agreement Sample Contracts

FORM OF SERIES I STOCK OPTION AGREEMENT DATED AS OF MAY 1, 2003 BETWEEN THE COMPANY AND ITS OUTSIDE DIRECTORS FIREARMS TRAINING SYSTEMS, INC. STOCK OPTION AGREEMENT SERIES I

Series I Stock Option Agreement • August 11th, 2003 • Firearms Training Systems Inc • Services-management consulting services • Delaware

• Contract Type
  Series I Stock Option Agreement
• Filed
  August 11th, 2003
• Company
  Firearms Training Systems Inc
• Industry
  Services-management consulting services
• Jurisdiction
  Delaware

Firearms Training Systems, Inc., a Delaware corporation (the “Company”), hereby grants to ________________ (the “Optionee”) as of May 1, 2003 (the “Option Date”), pursuant to the provisions of the Firearms Training Systems, Inc. Stock Option Plan (the “Plan”), a non-qualified option to purchase from the Company (the “Option”) 300,000 shares of its Class A Common Stock, $0.000006 par value (“Stock”), at the price of $0.40 per share upon and subject to the terms and conditions set forth below. Capitalized terms not defined herein shall have the meanings specified in the Plan.