Common use of Performance Warrants Clause in Contracts

Performance Warrants. During the Term hereof, the Company shall grant to Employee options to purchase shares of the Company's Common Stock upon the following occurrences and terms: (1) Stock price for 20 consecutive trading days at $.75 per share: 100,000 options exercisable @ $.75 (2) Stock price for 20 consecutive trading days at $1.00 per share: 150,000 options exercisable @ $1.00 (3) Stock price for 20 consecutive trading days at $1.50 per share: 200,000 options exercisable @ $1.50 (4) Stock price for 20 consecutive trading days at $2.00 per share: 200,000 options exercisable @ $2.00 (5) Stock price for twenty consecutive trading days at $3.00 per share: 300,000 options exercisable @ $3.00 (6) Stock price for twenty consecutive trading days at $4.00 per share: 300,000 options exercisable @ $4.00 (7) Upon opening each new Company owned, or joint ventured new facility, or Mobile system put into operation: 200,000 options exercisable at the price of the common stock on the day of opening. As used herein, the stock price shall be the closing bid price and shall be appropriately adjusted for any stock splits, stock dividends, recapitalizations etc. occurring after the Commencement Date.

Performance Warrants. During the Term hereof, the Company shall grant to Employee options to purchase shares of the Company's Common Stock upon the following occurrences and terms: (1) Stock price for 20 consecutive trading days at $.75 1.00 per share: 100,000 options exercisable @ $.751.00 (2) Stock price for 20 consecutive trading days at $1.00 per share: 150,000 options exercisable @ $1.00 (3) Stock price for 20 consecutive trading days at $1.50 per share: 200,000 150,000 options exercisable @ $1.50 (43) Stock price for 20 consecutive trading days at $2.00 per share: 200,000 options exercisable @ $2.00 (54) Stock price for twenty 20 consecutive trading days at $3.00 per share: 300,000 200,000 options exercisable @ $3.00 (65) Stock price for twenty consecutive trading days at $4.00 per share: 300,000 options exercisable @ $4.00 4.00 (6) Stock price for twenty consecutive trading days at $5.00 per share: 300,000 options exercisable @ $5.00 (7) Upon opening each new Company owned, or joint ventured new facility, or Mobile system put into operation: 200,000 100,000 options exercisable at the price of the common stock on the day of opening. As used herein, the stock price shall be the closing bid price and shall be appropriately adjusted for any stock splits, stock dividends, recapitalizations etc. occurring after the Commencement Date.