Common use of Type of Stock Clause in Contracts

Type of Stock. Option This Option is not an incentive stock option under section 422 of the Internal Revenue Code and will be interpreted accordingly. Applicable Law This Agreement will be interpreted and enforced under the laws of the State of California. Other Agreements This Agreement (comprised of the cover sheet and this attachment) and the Advisory Agreement constitute the entire understanding between you and the Company regarding this Option. Any prior agreements, commitments or negotiations concerning this Option are superseded.

Type of Stock. Option This Option is not an incentive stock option under section 422 of the Internal Interal Revenue Code and will be interpreted accordingly. Applicable Law This Agreement will be interpreted and enforced under the laws of the State of California. Other Agreements This Agreement (comprised of the cover sheet and this attachment) and the Advisory Agreement constitute the entire understanding between you and the Company regarding this Option. Any prior agreements, commitments or negotiations concerning this Option are superseded.