Common use of Bonus Shares Clause in Contracts

Bonus Shares. The Company hereby agrees to issue to the Executive 100,000 shares (the "Bonus Shares") of the Company's Common Stock, as presently constituted, in the event that the closing price of the Company's Common Stock as reported on the OTC Bulletin Board or other national market quote system or exchange where the Common Stock is then traded (the "Trading Price") equals or exceeds $6.20 per share for a period of three (3) consecutive trading days during the Term. In the event of any increase in the number of shares outstanding, stock split, stock dividend, reorganization or other change in the Common Stock, the number of Bonus Shares and/or the Trading Price shall be proportionately adjusted. The Company shall immediately register the Bonus Shares under the Securities Act of 1933, as amended, after the issuance thereof, subject to the availability of audited financial information and regulatory review.

Bonus Shares. The Company hereby agrees to issue to the Executive 100,000 50,000 shares (the "Bonus Shares") of the Company's Common Stock, as presently constituted, in the event that the closing price of the Company's Common Stock as reported on the OTC Bulletin Board or other national market quote system or exchange where the Common Stock is then traded (the "Trading Price") equals or exceeds $6.20 per share for a period of three (3) consecutive trading days during the Term. In the event of any increase in the number of shares outstanding, stock split, stock dividend, reorganization or other change in the Common Stock, the number of Bonus Shares and/or the Trading Price shall be proportionately adjusted. The Company shall immediately register the Bonus Shares under the Securities Act of 1933, as amended, after the issuance thereof, subject to the availability of audited financial information and regulatory review.

Bonus Shares. The Company hereby agrees to issue to the Executive 100,000 50,000 shares (the "Bonus Shares") of the Company's Common Stock, as presently constituted, in the event that the closing price of the Companycompany's Common Stock as reported on the OTC Bulletin Board or other national market quote system or exchange where the Common Stock is then traded (the "Trading Price") equals or exceeds $6.20 20.00 per share for a period of three (3) consecutive trading days during the Term. In the event of any increase in the number of shares outstanding, stock split, stock dividend, reorganization or other change in the Common Stock, the number of Bonus Shares and/or and or the Trading Price price shall be proportionately adjusted. The Company shall immediately register the Bonus Shares under the Securities Act of 1933, as amended, after the issuance thereof, subject to the availability of audited financial information and regulatory review.