Common use of Grant of Non-Qualified Options Clause in Contracts

Grant of Non-Qualified Options. The Company affirms that the Optionee has the right and option (the “Options”) to purchase all or any part of the shares of authorized but unissued or treasury common stock of the Company on the terms and conditions herein set forth in the table below and in the rest of the Agreement. Grant Date No. of Securities Underlying Grant Exercise Price Expiration Date 8/2/05 750,000 $1.00 8/2/15 The common stock shall be unregistered unless the Company voluntarily files a registration statement covering such shares with the Securities and Exchange Commission. The Options are not intended to be Incentive Stock Options as defined by Section 422 of the Internal Revenue Code of 1986 (the “Code”).

Grant of Non-Qualified Options. The Company affirms that the Optionee has the right and option (the “Options”) to purchase all or any part of the shares of authorized but unissued or treasury common stock of the Company on the terms and conditions herein set forth in the table below and in the rest of the Agreement. Grant Date No. of Securities Underlying Grant Exercise Price Expiration Date 8/2/05 750,000 2/28/01 1,000,000 $3.00 6/30/07 11/8/05 3,000,000 $1.00 8/2/15 11/8/15 10/3/03 3,000,000 $1.30 10/3/23 The common stock shall be unregistered unless the Company voluntarily files a registration statement covering such shares with the Securities and Exchange Commission. The Options are not intended to be Incentive Stock Options as defined by Section 422 of the Internal Revenue Code of 1986 (the “Code”).

Grant of Non-Qualified Options. The Company affirms that the Optionee has the right and option (the “Options”) to purchase all or any part of the shares of authorized but unissued or treasury common stock of the Company on the terms and conditions herein set forth in the table below and in the rest of the Agreement. Grant Date No. of Securities Underlying Grant Exercise Price Expiration Date 8/2/05 750,000 6/30/02 200,000 $1.30 6/30/12 12/20/01 20,000 $5.00 12/20/11 12/1/05 1,000,000 $1.00 8/2/15 11/30/10 The common stock shall be unregistered unless the Company voluntarily files a registration statement covering such shares with the Securities and Exchange Commission. The Options are not intended to be Incentive Stock Options as defined by Section 422 of the Internal Revenue Code of 1986 (the “Code”).

Grant of Non-Qualified Options. The Company affirms that the Optionee has the right and option (the “Options”) to purchase all or any part of the shares of authorized but unissued or treasury common stock of the Company on the terms and conditions herein set forth in the table below and in the rest of the Agreement. Grant Date No. of Securities Underlying Grant Exercise Price Expiration Date 8/2/05 750,000 7/1/05 500,000 $1.00 8/2/15 6/30/10 The common stock shall be unregistered unless the Company voluntarily files a registration statement covering such shares with the Securities and Exchange Commission. The Options are not intended to be Incentive Stock Options as defined by Section 422 of the Internal Revenue Code of 1986 (the “Code”).

Grant of Non-Qualified Options. The Company affirms that the Optionee has the right and option (the “Options”) to purchase all or any part of the shares of authorized but unissued or treasury common stock of the Company on the terms and conditions herein set forth in the table below and in the rest of the Agreement. Grant Date No. of Securities Underlying Grant Exercise Price Expiration Date 8/2/05 750,000 12/20/01 50,000 $1.00 8/2/15 5.00 12/20/11 The common stock shall be unregistered unless the Company voluntarily files a registration statement covering such shares with the Securities and Exchange Commission. The Options are not intended to be Incentive Stock Options as defined by Section 422 of the Internal Revenue Code of 1986 (the “Code”).

Grant of Non-Qualified Options. The Company affirms that the Optionee has the right and option (the “Options”) to purchase all or any part of the shares of authorized but unissued or treasury common stock of the Company on the terms and conditions herein set forth in the table below and in the rest of the Agreement. Grant Date No. of Securities Underlying Grant Exercise Price Expiration Date 8/2/05 750,000 2/28/01 200,001 $1.00 8/2/15 3.00 12/31/07 2/28/01 99,999 $3.00 12/31/10 1/1/05 100,000 $1.10 12/31/14 The common stock shall be unregistered unless the Company voluntarily files a registration statement covering such shares with the Securities and Exchange Commission. The Options are not intended to be Incentive Stock Options as defined by Section 422 of the Internal Revenue Code of 1986 (the “Code”).

Grant of Non-Qualified Options. The Company affirms that the Optionee has the right and option (the “Options”) to purchase all or any part of the shares of authorized but unissued or treasury common stock of the Company on the terms and conditions herein set forth in the table below and in the rest of the Agreement. Grant Date No. of Securities Underlying Grant Exercise Price Expiration Date 8/2/05 750,000 2/28/01 150,000 $1.00 8/2/15 3.00 12/31/06 The common stock shall be unregistered unless the Company voluntarily files a registration statement covering such shares with the Securities and Exchange Commission. The Options are not intended to be Incentive Stock Options as defined by Section 422 of the Internal Revenue Code of 1986 (the “Code”).

Grant of Non-Qualified Options. The Company affirms that the Optionee has the right and option (the “Options”) to purchase all or any part of the shares of authorized but unissued or treasury common stock of the Company on the terms and conditions herein set forth in the table below and in the rest of the Agreement. Grant Date No. of Securities Underlying Grant Exercise Price Expiration Date 8/2/05 750,000 500,000 $1.00 8/2/15 The common stock shall be unregistered unless the Company voluntarily files a registration statement covering such shares with the Securities and Exchange Commission. The Options are not intended to be Incentive Stock Options as defined by Section 422 of the Internal Revenue Code of 1986 (the “Code”).

Grant of Non-Qualified Options. The Company affirms that the Optionee has the right and option (the “Options”) to purchase all or any part of the shares of authorized but unissued or treasury common stock of the Company on the terms and conditions herein set forth in the table below and in the rest of the Agreement. Grant Date No. of Securities Underlying Grant Exercise Price Expiration Date 8/2/05 750,000 8/18/05 300,000 $1.00 8/2/15 8/18/10 The common stock shall be unregistered unless the Company voluntarily files a registration statement covering such shares with the Securities and Exchange Commission. The Options are not intended to be Incentive Stock Options as defined by Section 422 of the Internal Revenue Code of 1986 (the “Code”).

Grant of Non-Qualified Options. The Company affirms that the Optionee has the right and option (the “Options”) to purchase all or any part of the shares of authorized but unissued or treasury common stock of the Company on the terms and conditions herein set forth in the table below and in the rest of the Agreement. Grant Date No. of Securities Underlying Grant Exercise Price Expiration Date 8/2/05 750,000 1,250,000 $1.00 8/2/15 The common stock shall be unregistered unless the Company voluntarily files a registration statement covering such shares with the Securities and Exchange Commission. The Options are not intended to be Incentive Stock Options as defined by Section 422 of the Internal Revenue Code of 1986 (the “Code”).

Grant of Non-Qualified Options. The Company affirms that the Optionee has the right and option (the “Options”) to purchase all or any part of the shares of authorized but unissued or treasury common stock of the Company on the terms and conditions herein set forth in the table below and in the rest of the Agreement. Grant Date No. of Securities Underlying Grant Exercise Price Expiration Date 8/2/05 750,000 3/2/05 100,000 $1.00 8/2/15 3/1/15 3/2/05 300,000 $1.10 3/1/15 The common stock shall be unregistered unless the Company voluntarily files a registration statement covering such shares with the Securities and Exchange Commission. The Options are not intended to be Incentive Stock Options as defined by Section 422 of the Internal Revenue Code of 1986 (the “Code”).

Grant of Non-Qualified Options. The Company affirms that the Optionee has the right and option (the “Options”) to purchase all or any part of the shares of authorized but unissued or treasury common stock of the Company on the terms and conditions herein set forth in the table below and in the rest of the Agreement. Grant Date No. of Securities Underlying Grant Exercise Price Expiration Date 8/2/05 750,000 1/1/03 10,000 $1.00 8/2/15 1.30 12/31/13 The common stock shall be unregistered unless the Company voluntarily files a registration statement covering such shares with the Securities and Exchange Commission. The Options are not intended to be Incentive Stock Options as defined by Section 422 of the Internal Revenue Code of 1986 (the “Code”).

Grant of Non-Qualified Options. The Company affirms that the Optionee has the right and option (the “Options”) to purchase all or any part of the shares of authorized but unissued or treasury common stock of the Company on the terms and conditions herein set forth in the table below and in the rest of the Agreement. Grant Date No. of Securities Underlying Grant Exercise Price Expiration Date 8/2/05 750,000 7/1/05 1,000,000 $1.00 8/2/15 6/30/10 The common stock shall be unregistered unless the Company voluntarily files a registration statement covering such shares with the Securities and Exchange Commission. The Options are not intended to be Incentive Stock Options as defined by Section 422 of the Internal Revenue Code of 1986 (the “Code”).