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

Grant of Option; Exercise Price. For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, each of the Stockholders hereby grants to each Optionee an option (the "OPTION") to purchase from such Stockholder all or any part of the number of Shares set forth opposite such Stockholder's name on Schedule A hereto in the column under such Optionee's name, at an exercise price (the "EXERCISE PRICE") of $5,274.81 per Share.