Common use of General Grant Clause in Contracts

General Grant. Executive (or an entity or affiliates designated by Executive) shall be granted 10% (calculated with the inclusion of Executive’s stock holdings) of the fully diluted shares of common stock in the Company (the “Stock Grant”) upon conversion of options, warrants and notes in association with a national markets qualified financing as consideration for entering into this Agreement. Such stock shall vest and be delivered to Executive within thirty (30) days following the national markets qualified financing.

General Grant. Executive (or an entity or affiliates designated by Executive) shall be granted 107% (calculated with the inclusion of Executive’s stock holdings) of the fully diluted shares of common stock in the Company (the “Stock Grant”) upon conversion of options, warrants and notes in association with a national markets qualified financing as consideration for entering into this Agreement. Such stock shall vest and be delivered to Executive within thirty (30) days following the national markets qualified financing.