Firearms Training Sys -Cl A – Firearms Training Systems, Inc. Stock Option Agreement Series L (July 14th, 2005)
Firearms Training Systems, Inc., a Delaware corporation (the Company) hereby grants to Gregory A. Ton (the Optionee) as of August 4, 2004 (the Option Date), pursuant to the provisions of the Firearms Training Systems, Inc. Stock Option Plan (the Plan), a non-qualified option to purchase from the Company (the Option) 750,000 shares of its Class A Common Stock, $0.000006 par value (Stock), at the price of $0.64 per share upon and subject to the terms and conditions set forth below. References to employment shall also mean an agency or independent contractor relationship and references to employment by the Company shall also mean employment by a Subsidiary. Capitalized terms not defined herein shall have the meanings specified in the Plan.