Common use of Option; Number of Shares; Option Price Clause in Contracts

Option; Number of Shares; Option Price. The Participant is granted the right and option to purchase (the “Option”) all or any part of an aggregate of 40,000 shares of the Company’s Series E Preferred Stock (individually, a “Share” and jointly, the “Shares”) at the purchase price of $0.456 per Share (the “Option Price”) any time before the tenth anniversary of the date of this Award Agreement. If the Participant exercises the Option prior to November 1, 2008, the shares of Series E Preferred Stock received from the exercise of the Option and any shares of Common Stock received upon conversion of shares of such Series E Preferred Stock (“Common Shares”) that are unvested shares according to the schedule set forth in Section 1.2 are hereafter referred to as “Restricted Shares” and Shares or Common Shares that have vested are referred to as “Vested Shares.” The period during which there are Restricted Shares outstanding is referred to herein as the “Restricted Period.” If the Option remains outstanding and is exercised after October 31, 2008, all of the Shares will be Vested Shares and none of the Shares will be Restricted Shares.

Option; Number of Shares; Option Price. The Participant is granted the right and option to purchase (the “Option”) all or any part of an aggregate of 40,000 150,000 shares of the Company’s Series E Preferred Stock (individually, a “Share” and jointly, the “Shares”) at the purchase price of $0.456 per Share (the “Option Price”) any time before the tenth anniversary of the date of this Award Agreement. If the Participant exercises the Option prior to November 1, 2008, the shares of Series E Preferred Stock received from the exercise of the Option and any shares of Common Stock received upon conversion of shares of such Series E Preferred Stock (“Common Shares”) that are unvested shares according to the schedule set forth in Section 1.2 are hereafter referred to as “Restricted Shares” and Shares or Common Shares that have vested are referred to as “Vested Shares.” The period during which there are Restricted Shares outstanding is referred to herein as the “Restricted Period.” If the Option remains outstanding and is exercised after October 31, 2008, all of the Shares will be Vested Shares and none of the Shares will be Restricted Shares.

Option; Number of Shares; Option Price. The Participant is granted the right and option to purchase (the “Option”) ), exercisable in full immediately, to purchase all or any part of an aggregate of 40,000 450,000 shares of the Company’s Series E Preferred Stock (individually, a “Share” and jointly, the “Shares”) at the purchase price of $0.456 per Share (the “Option Price”) any time before the tenth anniversary of the date of this Award Agreement. If the Participant exercises the Option prior to November January 1, 20082007, the shares of Series E Preferred Stock received from the exercise of the Option and any shares of Common Stock received upon conversion of shares of such Series E Preferred Stock (“Common Shares”) that are unvested shares according to the schedule set forth in Section 1.2 are hereafter referred to as “Restricted Shares” and Shares or Common Shares that have vested are referred to as “Vested Shares.” The period during which there are Restricted Shares outstanding is referred to herein as the “Restricted Period.” If the Option remains outstanding and is exercised after October December 31, 20082006, all of the Shares will be Vested Shares and none of the Shares will be Restricted Shares.