$25,000 Uses in Grant of Option Clause

Grant of Option from Employee Stock Purchase Plan

Grant of Option. On the first day of each Option Period, the Company will grant to each Eligible Employee who is then a Participant in the Plan an option to purchase on the Offering Date, at the Option Price, the largest number of whole shares of Class A Common Stock as does not exceed the number of shares determined by dividing $25,000 by the Fair Market Value of a share of the Class A Common Stock on the first day of the Option Period.