Common use of Stock and Options Clause in Contracts

Stock and Options. As compensation for the services provided and to be provided pursuant to the terms hereof, the Company shall issue to the Consultant an option to purchase an aggregate of seven hundred and fifty thousand (750,000) shares of common stock of the Company, par value (.001 per share), the "optioned shares" on the following terms: All options are exercisable commencing July 15, 2004 and expire one (1) year thereafter or July 15, 2005 (hereinafter referred to as the "Expiration Date") and may be exercised at a price of $.001 per share.

Stock and Options. As compensation for the services provided and to be provided pursuant to the terms hereof, the Company shall issue to the Consultant an option to purchase an aggregate of seven five hundred and fifty thousand (750,000500,000) shares of common stock of the Company, par value (.001 per share), the "optioned shares" on the following terms: Number of Shares Exercise Price ---------------- -------------- 250,000 $.015 per share 150,000 $.020 per share 100,000 $.025 per share All options are exercisable commencing July March 15, 2004 and expire one (1) year thereafter or July March 15, 2005 (hereinafter referred to as the "Expiration Date") and may be exercised at a price of $.001 per share).