Common use of Options Granted Clause in Contracts

Options Granted. The Company hereby grants the Optionee non-qualified stock options to purchase an aggregate of Five Hundred Thousand (500,000) shares of the Company’s Common Stock exercisable at a price of $0.40 per share (the “Exercise Price”) for a term commencing on the vesting dates set out below (the “Vesting Date”) and expiring at 5:00 pm (Pacific Time) on the fifth (5th) year anniversary of the respective Vesting Date (the “Expiration Date”), subject to termination as set forth herein: Number of Options to Vest Vesting Date Expiration Date 125,000 Apr. 1, 2015 Mar. 31, 2020 125,000 Jun. 30, 2015 Jun. 30, 2020 125,000 Sept. 30, 2015 Sept. 30, 2020 125,000 Dec. 31, 2015 Dec. 31, 2020 500,000 Total No option may be exercised unless the option has vested. The vesting of all options will be cumulative. All options which have not vested will terminate on the date of termination of the options in accordance with this Agreement.

Options Granted. The Company hereby grants the Optionee non-qualified stock options to purchase an aggregate of Five Three Hundred Thousand (500,000300,000) shares of the Company’s Common Stock exercisable at a price of $0.40 0.28 per share (the “Exercise Price”) for a term commencing on the vesting dates set out below (the “Vesting Date”) and expiring at 5:00 pm (Pacific Time) on the fifth (5th) year anniversary of the respective Vesting Date (the “Expiration Date”), subject to termination as set forth herein: Number of Options to Vest Vesting Date Expiration Date 125,000 Apr. 1, 2015 Mar. 75,000 March 31, 2020 125,000 Jun. 2014 March 31, 2019 75,000 June 30, 2015 Jun. 2014 June 30, 2020 125,000 Sept. 2019 75,000 September 30, 2015 Sept. 2014 September 30, 2020 125,000 Dec. 2019 75,000 December 31, 2015 Dec. 2014 December 31, 2020 500,000 2019 300,000 Total No option may be exercised unless the option has vested. The vesting of all options will be cumulative. All options which have not vested will terminate on the date of termination of the options in accordance with this Agreement.

Options Granted. The Company hereby grants the Optionee non-qualified stock options to purchase an aggregate of Five One Million Three Hundred Fifty Thousand (500,0001,350,000) shares of the Company’s Common Stock exercisable at a price of $0.40 0.08 per share (the “Exercise Price”) for a term commencing on the vesting dates set out below (the “Vesting Date”) and expiring at 5:00 pm (Pacific Time) on the fifth (5th) year anniversary of the respective Vesting Date (the “Expiration Date”), subject to termination as set forth herein: Number of Options to Vest Vesting Date Expiration Date 125,000 Apr. 1675,000 June 30, 2015 Mar. 2017 June 30, 2022 337,500 September 30, 2017 September 30, 2022 337,500 December 31, 2020 125,000 Jun. 30, 2015 Jun. 30, 2020 125,000 Sept. 30, 2015 Sept. 30, 2020 125,000 Dec. 2017 December 31, 2015 Dec. 31, 2020 500,000 2022 1,350,000 Total No option may be exercised unless the option has vested. The vesting of all options will be cumulative. All options which have not vested will terminate on the date of termination of the options in accordance with this Agreement.

Options Granted. The Company hereby grants the Optionee non-qualified stock options to purchase an aggregate of Five Six Hundred Thousand (500,0006000,000) shares of the Company’s Common Stock exercisable at a price of $0.40 0.08 per share (the “Exercise Price”) for a term commencing on the vesting dates set out below (the “Vesting Date”) and expiring at 5:00 pm (Pacific Time) on the fifth (5th) year anniversary of the respective Vesting Date (the “Expiration Date”), subject to termination as set forth herein: Number of Options to Vest Vesting Date Expiration Date 125,000 Apr. 1300,000 June 30, 2015 Mar. 2017 June 30, 2022 150,000 September 30, 2017 September 30, 2022 150,000 December 31, 2020 125,000 Jun. 30, 2015 Jun. 30, 2020 125,000 Sept. 30, 2015 Sept. 30, 2020 125,000 Dec. 2017 December 31, 2015 Dec. 31, 2020 500,000 2022 600,000 Total No option may be exercised unless the option has vested. The vesting of all options will be cumulative. All options which have not vested will terminate on the date of termination of the options in accordance with this Agreement.

Options Granted. The Company hereby grants the Optionee non-qualified stock options to purchase an aggregate of Five Nine Hundred Thousand (500,000900,000) shares of the Company’s Common Stock exercisable at a price of $0.40 0.08 per share (the “Exercise Price”) for a term commencing on the vesting dates set out below (the “Vesting Date”) and expiring at 5:00 pm (Pacific Time) on the fifth (5th) year anniversary of the respective Vesting Date (the “Expiration Date”), subject to termination as set forth herein: Number of Options to Vest Vesting Date Expiration Date 125,000 Apr. 1450,000 June 30, 2015 Mar. 2017 June 30, 2022 225,000 September 30, 2017 September 30, 2022 225,000 December 31, 2020 125,000 Jun. 30, 2015 Jun. 30, 2020 125,000 Sept. 30, 2015 Sept. 30, 2020 125,000 Dec. 2017 December 31, 2015 Dec. 31, 2020 500,000 2022 900,000 Total No option may be exercised unless the option has vested. The vesting of all options will be cumulative. All options which have not vested will terminate on the date of termination of the options in accordance with this Agreement.

Options Granted. The Company hereby grants the Optionee non-qualified stock options to purchase an aggregate of Two Hundred Twenty Five Hundred Thousand (500,000225,000) shares of the Company’s Common Stock exercisable at a price of $0.40 0.41 per share (the “Exercise Price”) for a term commencing on the vesting dates set out below (the “Vesting Date”) and expiring at 5:00 pm (Pacific Time) on the fifth (5th) year anniversary of the respective Vesting Date (the “Expiration Date”), subject to termination as set forth herein: Number of Options to Vest Vesting Date Expiration Date 125,000 Apr. 175,000 June 30, 2015 Mar. 2013 June 30, 2018 75,000 September 30, 2013 September 30, 2018 75,000 December 31, 2020 125,000 Jun. 30, 2015 Jun. 30, 2020 125,000 Sept. 30, 2015 Sept. 30, 2020 125,000 Dec. 2013 December 31, 2015 Dec. 31, 2020 500,000 2018 225,000 Total No option may be exercised unless the option has vested. The vesting of all options will be cumulative. All options which have not vested will terminate on the date of termination of the options in accordance with this Agreement.

Options Granted. The Company hereby grants the Optionee non-qualified stock options to purchase an aggregate of Five Three Hundred Thousand (500,000300,000) shares of the Company’s Common Stock exercisable at a price of $0.40 0.57 per share (the “Exercise Price”) for a term commencing on the vesting dates set out below (the “Vesting Date”) and expiring at 5:00 pm (Pacific Time) on the fifth (5th) year anniversary of the respective Vesting Date (the “Expiration Date”), subject to termination as set forth herein: Number of Options to Vest Vesting Date Expiration Date 125,000 Apr. 1, 2015 Mar. 75,000 March 31, 2020 125,000 Jun. 2013 March 31, 2018 75,000 June 30, 2015 Jun. 2013 June 30, 2020 125,000 Sept. 2018 75,000 September 30, 2015 Sept. 2013 September 30, 2020 125,000 Dec. 2018 75,000 December 31, 2015 Dec. 2013 December 31, 2020 500,000 2018 300,000 Total No option may be exercised unless the option has vested. The vesting of all options will be cumulative. All options which have not vested will terminate on the date of termination of the options in accordance with this Agreement.

Options Granted. The Company hereby grants the Optionee non-qualified stock options (the “Options”) to purchase an aggregate of Five Hundred Thousand TWO HUNDRED FIFTY THOUSAND (500,000250,000) shares of the Company’s Common Stock exercisable at a price of $0.40 the purchase prices per share (the “Exercise Price”) set out below for a term commencing on the vesting dates set out below (the “Vesting Date”) and expiring at 5:00 pm (Pacific Time) on the fifth (5th) year anniversary of the respective Vesting Date expiration dates set out below (the “Expiration Date”), subject to termination as set forth herein. The Options will vest on the following schedule: Number of Options to Vest Purchase Price Per Share Vesting Date Expiration Date 125,000 Apr. 1, 2015 Mar. $ 4.80 January 31, 2020 125,000 Jun. 2011 January 30, 2015 Jun. 2016 125,000 $ 5.28 January 31, 2012 January 30, 2020 125,000 Sept. 30, 2015 Sept. 30, 2020 125,000 Dec. 31, 2015 Dec. 31, 2020 500,000 Total 2017 No option Option may be exercised unless the option Option has vested. The vesting of all options Options will be cumulative. All options Options which have not vested will terminate on the date of termination of the options Options in accordance with this Agreement.