Common use of Option Grant Clause in Contracts

Option Grant. The Company and the Optionee hereby agree to be bound by the terms of this Agreement with respect to the grant made by the Company's Board of Directors on February 24, 1999 of an option to purchase an aggregate of 20,000 shares of the common stock, $.0001 par value per share, of the Company ("Common Stock") at an exercise price of $2.00 per share, being equal to the fair market value of such shares of Common Stock on the date of such grant (the "Option"). This Option is not intended to constitute an "incentive stock option" (within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended).

Option Grant. The Company and the Optionee hereby agree to be bound by the terms of this Agreement with respect to the grant made by the Company's Board of Directors on February 24March 13, 1999 2000 of an option to purchase an aggregate of 20,000 shares of the common stock, $.0001 par value per share, of the Company ("Common Stock") at an exercise price of $2.00 2.50 per share, being equal to the fair market value of such shares of Common Stock on the date of such grant (the "Option"). This Option is not intended to constitute an "incentive stock option" (within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended).

Option Grant. The Company and the Optionee hereby agree to be bound by the terms of this Agreement with respect to the grant made by the Company's Board of Directors on February 24October 2, 1999 1996 of an option to purchase an aggregate of 20,000 75,000 shares of the common stock, $.0001 par value per share, of the Company ("Common Stock") at an exercise price of $2.00 1.06 per share, being equal to the fair market value of such shares of Common Stock on October 2, 1996 the date of such grant (the "Option"). This Option is not intended to constitute an "incentive stock option" (within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended).

Option Grant. The Company and the Optionee hereby agree to be bound by the terms of this Agreement with respect to the grant made by the Company's Board of Directors effective on February 24, 1999 of an option to purchase an aggregate of 20,000 25,000 shares of the common stock, $.0001 .00001 par value per share, of the Company ("Common Stock") at an exercise price of $2.00 per share, being equal to the estimated fair market value of such shares of Common Stock on the date of such grant (the "Option"). This Option is not intended to constitute an "incentive stock option" (within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended). The parties hereto acknowledge that the Option was granted as additional compensation for services rendered by the Optionee as director of the Company. The parties acknowledge that this Option has fully vested prior to the date hereof.

Option Grant. The Company and the Optionee hereby agree to be bound by the terms of this Agreement with respect to the grant made by the Company's Board of Directors on February 24January 27, 1999 1998 of an option to purchase an aggregate of 20,000 shares of the common stock, $.0001 par value per share, of the Company ("Common Stock") at an exercise price of $2.00 2.15625 per share, being equal to the fair market value of such shares of Common Stock on the date of such grant (the "Option"). This Option is not intended to constitute an "incentive stock option" (within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended).

Option Grant. The Company and the Optionee hereby agree to be bound by the terms of this Agreement with respect to the grant made by the Company's Board of Directors on February 24January 27, 1999 1998 of an option to purchase an aggregate of 20,000 10,000 shares of the common stock, $.0001 par value per share, of the Company ("Common Stock") at an exercise price of $2.00 2.15625 per share, being equal to the fair market value of such shares of Common Stock on the date of such grant (the "Option"). This Option is not intended to constitute an "incentive stock option" (within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended).

Option Grant. The Company and the Optionee hereby agree to be bound by the terms of this Agreement with respect to the grant made by the Company's Board of Directors on February 24May 4, 1999 1995 of an option to purchase an aggregate of 20,000 222,316 shares of the common stock, $.0001 par value per share, of the Company ("Common Stock") at an exercise price of $2.00 1.2188 per share, being equal to the fair market value of such shares of Common Stock on the date of such grant (the "Option"). This Option is not intended to constitute an "incentive stock option" (within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended).

Option Grant. The Company and the Optionee hereby agree to be bound by the terms of this Agreement with respect to the grant made by the Company's Board of Directors (the "Board") effective on February 24May 13, 1999 2003 of an option to purchase an aggregate of 20,000 25,000 shares of the common stock, $.0001 .00001 par value per share, of the Company ("Common Stock") at an exercise price of $2.00 8.00 per share, being equal to the estimated fair market value of such shares of Common Stock on the date of such grant Grant ("the "Option"). This Option option is not intended to constitute an "incentive stock option" (within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended). The Option will vest immediately.

Option Grant. The Company and the Optionee hereby agree to be bound by the terms of this Agreement with respect to the grant made by the Company's Board of Directors effective on February 24May 1, 1999 2001 of an option to purchase an aggregate of 20,000 25,000 shares of the common stock, $.0001 .00001 par value per share, of the Company ("Common Stock") at an exercise price of $2.00 7.30 per share, being equal to the fair market value of such shares of Common Stock on the date of such grant (the "Option"). This Option is not intended to constitute an "incentive stock option" (within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended). The Option will vest immediately.

Option Grant. The Company and the Optionee hereby agree to be bound by the terms of this Agreement with respect to the grant made by the Company's Board of Directors on February 24March 13, 1999 2000 of an option to purchase an aggregate of 20,000 100,000 shares of the common stock, $.0001 par value per share, of the Company ("Common Stock") at an exercise price of $2.00 2.50 per share, being equal to the fair market value of such shares of Common Stock on the date of such grant (the "Option"). This Option is not intended to constitute an "incentive stock option" (within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended).

Option Grant. The Company and the Optionee hereby agree to be bound by the terms of this Agreement with respect to the grant made by the Company's Board of Directors on February 24May 28, 1999 1992 of an option to purchase an aggregate of 20,000 141,334 shares of the common stock, $.0001 par value per share, of the Company ("Common Stock") at an exercise price of $2.00 1.06 per share, being equal to 85% of the fair market value of such shares of Common Stock on the date of such grant (the "Option"). This Option is not intended to constitute an "incentive stock option" (within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended).

Option Grant. The Company and the Optionee hereby agree to be bound by the terms of this Agreement with respect to the grant made by the Company's Board of Directors on February 24May 28, 1999 1992 of an option to purchase an aggregate of 20,000 26,500 shares of the common stock, $.0001 par value per share, of the Company ("Common Stock") at an exercise price of $2.00 1.06 per share, being equal to 85% of the fair market value of such shares of Common Stock on the date of such grant (the "Option"). This Option is not intended to constitute an "incentive stock option" (within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended).

Option Grant. The Company and the Optionee hereby agree to be bound by the terms of this Agreement with respect to the grant made by the Company's Board of Directors effective on February 24June 11, 1999 2001 of an option to purchase an aggregate of 20,000 25,000 shares of the common stock, $.0001 .00001 par value per share, of the Company ("Common Stock") at an exercise price of $2.00 10.85 per share, being equal to the fair market value of such shares of Common Stock on the date of such grant (the "Option"). This Option is not intended to constitute an "incentive stock option" (within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended). The Options will vest immediately.

Option Grant. The Company and the Optionee hereby agree to be bound by the terms of this Agreement with respect to the grant made by the Company's Board of Directors (the "Board") effective on February 24May 13, 1999 2003 of an option to purchase an aggregate of 20,000 25,000 shares of the common stock, $.0001 .00001 par value per share, of the Company ("Common Stock") at an exercise price of $2.00 8.00 per share, being equal to the estimated fair market value of such shares of Common Stock on the date of such grant Grant ("the "Option"). This Option option is not intended to constitute an "incentive stock option" (within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended). The parties hereto acknowledge that the Option was granted as additional compensation for services rendered by the Optionee as director of the Company. The Option will vest immediately.

Option Grant. The Company and the Optionee hereby agree to be bound by the terms of this Agreement with respect to the grant made by the Company's Board of Directors on February 24, 1999 of an option to purchase an aggregate of 20,000 15,000 shares of the common stock, $.0001 par value per share, of the Company ("Common Stock") at an exercise price of $2.00 per share, being equal to the fair market value of such shares of Common Stock on the date of such grant (the "Option"). This Option is not intended to constitute an "incentive stock option" (within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended).

Option Grant. The Company and the Optionee hereby agree to be bound by the terms of this Agreement with respect to the grant made by the Company's Board of Directors (the "Board") effective on February 24May 13, 1999 2003 of an option to purchase an aggregate of 20,000 50,000 shares of the common stock, $.0001 .00001 par value per share, of the Company ("Common Stock") at an exercise price of $2.00 8.00 per share, being equal to the estimated fair market value of such shares of Common Stock on the date of such grant Grant ("the "Option"). This Option option is not intended to constitute an "incentive stock option" (within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended). The Option will vest immediately.

Option Grant. The Company and the Optionee hereby agree to be bound by the terms of this Agreement with respect to the grant made by the Company's Board of Directors on February 24March 13, 1999 2000 of an option to purchase an aggregate of 20,000 10,000 shares of the common stock, $.0001 par value per share, of the Company ("Common Stock") at an exercise price of $2.00 2.50 per share, being equal to the fair market value of such shares of Common Stock on the date of such grant (the "Option"). This Option is not intended to constitute an "incentive stock option" (within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended).

Option Grant. The Company and the Optionee hereby agree to be bound by the terms of this Agreement with respect to the grant made by the Company's Board of Directors effective on February 24November 27, 1999 2001 of an option to purchase an aggregate of 20,000 25,000 shares of the common stock, $.0001 .00001 par value per share, of the Company ("Common Stock") at an exercise price of $2.00 13.60 per share, being equal to the fair market value of such shares of Common Stock on the date of such grant (the "Option"). This Option is not intended to constitute an "incentive stock option" (within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended). The Options will vest immediately.

Option Grant. The Company and the Optionee hereby agree to be bound by the terms of this Agreement with respect to the grant made by the Company's Board of Directors on February 24, 1999 of an option to purchase an aggregate of 20,000 10,000 shares of the common stock, $.0001 par value per share, of the Company ("Common Stock") at an exercise price of $2.00 per share, being equal to the fair market value of such shares of Common Stock on the date of such grant (the "Option"). This Option is not intended to constitute an "incentive stock option" (within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended).

Option Grant. The Company and the Optionee hereby agree to be bound by the terms of this Agreement with respect to the grant made by the Company's Board of Directors on February 24May 28, 1999 1992 of an option to purchase an aggregate of 20,000 79,500 shares of the common stock, $.0001 par value per share, of the Company ("Common Stock") at an exercise price of $2.00 1.06 per share, being equal to 85% of the fair market value of such shares of Common Stock on the date of such grant (the "Option"). This Option is not intended to constitute an "incentive stock option" (within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended).

Option Grant. The Company and the Optionee hereby agree to be bound by the terms of this Agreement with respect to the grant made by the Company's Board of Directors on February 24January 23, 1999 1996 of an option to purchase an aggregate of 20,000 75,000 shares of the common stock, $.0001 par value per share, of the Company ("Common Stock") at an exercise price of $2.00 .5625 per share, being equal to the fair market value of such shares of Common Stock on the date of such grant November 7, 1995 (the "Option"). This Option is not intended to constitute an "incentive stock option" (within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended). The parties hereto acknowledge that the Option was granted as additional compensation for services rendered by the Optionee as director of the Company.