Common use of Granting of Option Clause in Contracts

Granting of Option. 3. The Company hereby irrevocably grants to the Optionee a non-transferable option to purchase 65,000 shares in the capital stock of the Company (hereinafter called the "Option") at a price of $0.58 per share (the "Option Price") on the terms and conditions hereinafter set forth.

Granting of Option. 3. The Company hereby irrevocably grants to the Optionee a non-transferable option to purchase 65,000 200,000 shares in the capital stock of the Company (hereinafter called the "Option") at a price of $0.58 0.50 per share (the "Option Price") on the terms and conditions hereinafter set forth.

Granting of Option. 32. The Company hereby irrevocably grants to the Optionee Optionee, being one of the directors of the Company, a non-assignable, non-transferable option to purchase 65,000 15,000 shares in the capital stock of the Company (hereinafter called the "“Option"”) at a price of $0.58 0.60 per share (the "“Option Price"”) on the terms and conditions hereinafter set forth.

Granting of Option. 3. The Company hereby irrevocably grants to the Optionee a non-transferable option to purchase 65,000 100,000 shares in the capital stock of the Company (hereinafter called the "Option") at a price of $0.58 0.50 per share (the "Option Price") on the terms and conditions hereinafter set forth.

Granting of Option. 3. The Company hereby irrevocably grants to the Optionee a non-transferable option to purchase 65,000 300,000 shares in the capital stock of the Company (hereinafter called the "Option") at a price of $0.58 per share (the "Option Price") on the terms and conditions hereinafter set forth.

Granting of Option. 3. The Company hereby irrevocably grants to the Optionee a non-transferable option to purchase 65,000 300,000 shares in the capital stock of the Company (hereinafter called the "Option") at a price of $0.58 0.38 per share (the "Option Price") on the terms and conditions hereinafter set forth.