Common use of Equity Component Clause in Contracts

Equity Component. In addition to the cash fee(s) described in subsection (a), on the date of this Agreement, GUFR will ▇▇▇▇▇ ▇▇▇▇▇▇▇ options to purchase 25,000 shares of GUFR common stock, which may be exercised immediately. The exercise price of these options will be the closing sale price of GUFR common stock on the OTC Bulletin Board on the date of this Agreement. On October 24, 2008, GUFR will ▇▇▇▇▇ ▇▇▇▇▇▇▇ options to purchase 25,000 shares, which may be exercised immediately thereafter, with an exercise price of the closing sale price of GUFR common stock on the OTC Bulletin Board on such date of grant, provided ▇▇▇▇▇▇▇ is still a director of or otherwise engaged by GUFR. On October 24, 2009, GUFR will grant options to purchase 25,000 shares, which may be exercised immediately thereafter, with an exercise price of the closing sale price of GUFR common stock on the OTC Bulletin Board on the date if such grant, provided ▇▇▇▇▇▇▇ is still a director of or otherwise engaged by GUFR. The options will be granted under GUFR’s stock option plan, and will be subject to the terms and conditions of that plan. Subject to the foregoing provisions and the terms and conditions set forth in the plan, the options may be exercised until three years from the date of the grant of such options, except as otherwise provided in the plan.

Equity Component. In addition to the cash fee(s) described in subsection (a), on the date of this Agreement, GUFR will ▇g▇▇▇▇ ▇▇▇▇▇▇▇ options to purchase 25,000 12,500 shares of GUFR common stock, which may be exercised immediately. The exercise price of these options will be the closing sale price of GUFR common stock on the OTC Bulletin Board Nasdaq stock exchange on the date of this Agreement. On October 24November 8, 20082011, GUFR will ▇g▇▇▇▇ ▇▇▇▇▇▇▇ options to purchase 25,000 12,500 shares, which may be exercised immediately thereafter, with an exercise price of the closing sale price of GUFR common stock on the OTC Bulletin Board Nasdaq stock market on such date of grant, provided ▇K▇▇▇▇▇▇ is still a director of or otherwise engaged by GUFR. On October 24November 8, 20092012, GUFR will grant options to purchase 25,000 12,500 shares, which may be exercised immediately thereafter, with an exercise price of the closing sale price of GUFR common stock on the OTC Bulletin Board Nasdaq stock market on the date if such grant, provided ▇K▇▇▇▇▇▇ is still a director of or otherwise engaged by GUFR. The options will be granted under GUFR’s stock option plan, and will be subject to the terms and conditions of that plan. Subject to the foregoing provisions and the terms and conditions set forth in the plan, the options may be exercised until three years from the date of the grant of such options, except as otherwise provided in the plan.