Common use of Grant of Option; Exercise Price Clause in Contracts

Grant of Option; Exercise Price. Subject to the terms and conditions of this Agreement, the Company hereby grants to Optionee the option (the "Option") to purchase, from the Company, up to 25,000 shares of Common Stock (“Option Shares”) at a price per share of $2.65 (the “Exercise Price”). The Option Shares and the Exercise Price are subject to adjustment in accordance with the provisions set forth in Section 5 below.

Grant of Option; Exercise Price. Subject to the terms and conditions of this Agreement, the Company hereby grants to the Optionee the option (the "Option") to purchase, from the Company, up to 25,000 300,000 shares of Common Stock (“Option Shares”) at a price per share of $2.65 1.04 (the “Exercise Price”). The Option Shares and the Exercise Price are subject to adjustment in accordance with the provisions set forth in Section 5 below.

Grant of Option; Exercise Price. (a) Subject to the terms and conditions of this Agreement, the Company hereby grants to Optionee the option (the "Option") to purchase, from the Company, up to 25,000 150,000 shares of Common Stock (“"Option Shares”") at a price per share of $2.65 ______ (the “"Exercise Price”"). The Option Shares and the Exercise Price are subject to adjustment in accordance with the provisions set forth in Section 5 below.