5:00 p.m. Uses in Exercise of Option Clause

Exercise of Option from Stock Option Agreement

STOCK OPTION AGREEMENT (the "Agreement") made as of the <<number date>> day of <<month>>, <<year>>, by and between Black Diamond, Inc., a Delaware corporation, having its principal office at 2084 East 3900 South, Salt Lake City, Utah 84124 (the "Company"), and <<First Name>> <<Last Name>>, an individual residing in <<City State>> (the "Optionee"). Capitalized terms not defined herein shall have the meanings ascribed to them in the Company's 2015 Stock Incentive Plan.

Exercise of Option. The term of the Option shall be for a period of ten (10) years from the Grant Date and shall expire without further action being taken at 5:00 p.m., <>, subject to earlier termination as provided in Section 5 hereof (the "Expiration Date"). The Option may be exercised at any time, or from time to time, prior to the Expiration Date (or such additional period as may be permitted under the Plan) as to any part or all of the Shares covered by the Option, pursuant to the vesting schedule contained in Section 4.1 hereof; provided, however, that the Option may not be exercised as to less than one hundred (100) shares, unless it is exercised as to all Shares as to which this Option is then exercisable.

Exercise of Option from Stock Option Agreement

THIS STOCK OPTION AGREEMENT ("Agreement") is made effective as of the date of grant set forth below ("Date of Grant") by and between XSUNX, INC., a Colorado corporation ("Company"), and the optionee named below ("Optionee") as contemplated in the Companys 2007 Option Plan (Plan). Capitalized terms not defined herein shall have the meaning ascribed to them in the Plan.

Exercise of Option. Subject to the vesting schedule contained herein and the other conditions set forth in this Agreement, all or part of the Option may be exercised prior to its expiration from the first vesting date set forth above (First Vesting Date) up to and including 5:00 p.m. Pacific Standard Time on the expiration date set forth above ("Expiration Date") at the time or times set forth herein in accordance with the provisions of the Plan as follows:

Exercise of Option from Stock Option Agreement

THIS STOCK OPTION AGREEMENT ("Agreement") is made effective as of the date of grant set forth below ("Date of Grant") by and between XSUNX, INC., a Colorado corporation ("Company"), and the optionee named below ("Optionee") as contemplated in the Companys 2007 Option Plan (Plan). Capitalized terms not defined herein shall have the meaning ascribed to them in the Plan.

Exercise of Option. Subject to the vesting schedule contained herein and the other conditions set forth in this Agreement, all or part of the Option may be exercised prior to its expiration from the first vesting date set forth above (First Vesting Date) up to and including 5:00 p.m. Pacific Standard Time on the expiration date set forth above ("Expiration Date") at the time or times set forth herein in accordance with the provisions of the Plan as follows:

EXERCISE OF OPTION from Amended and Restated

EXERCISE OF OPTION. An Option may be exercised only by the Option Holder or his Personal Representative. Except as otherwise provided in section 3.4(c), an Option Holder or his Personal Representative may exercise an Option in whole or in part, subject to any applicable exercise restrictions, including those set out in section 3.8, at any time or from time to time during the Exercise Period up to 5:00 p.m. (Mountain Standard time) on the Expiry Date by delivering to the Administrator an Exercise Notice, the applicable Option Certificate and, subject to section 4.2 below, payment of the entire Exercise Price in cash or cash equivalents at the time when such Shares are purchased.

Exercise of Option from Stock Option Agreement

STOCK OPTION AGREEMENT (the "Agreement") made this ___ day of ____________, by and between PC Group, Inc. (f/k/a Langer, Inc.), a Delaware corporation, having its principal office at 419 Park Avenue South, Suite 500, New York, NY 10016 (the "Company"), and _____________, an individual residing at __________________ (the "Optionee"). Capitalized terms not defined herein shall have the meanings ascribed to them in the Company's 2007 Stock Incentive Plan.

Exercise of Option. The term of the Option shall be for a period of ten (10) years from the Grant Date and shall expire without further action being taken at 5:00 p.m., _____________, subject to earlier termination as provided in Section 5 hereof (the "Expiration Date"). The Option may be exercised at any time, or from time to time, prior to the Expiration Date (or such additional period as may be permitted under the Plan) as to any part or all of the Shares covered by the Option, pursuant to the vesting schedule contained in Section 4.1 hereof; provided, however, that the Option may not be exercised as to less than one hundred (100) shares, unless it is exercised as to all Shares as to which this Option is then exercisable.

Exercise of Option from Stock Option Plan

has a relationship with the Company or its affiliates that enables the Consultant to be knowledgeable about the business and affairs of the Company or such affiliates.

Exercise of Option. An Option may be exercised only by the Option Holder or the Personal Representative of the Option Holder. An Option Holder or the Personal Representative of the Option Holder may exercise the vested portion or portions of an Option in whole or in part at any time or from time to time during the Exercise Period up to 5:00 p.m. local time in Vancouver, British Columbia on the Expiry Date by delivering to the Administrator an Exercise Notice, the applicable Option Certificate and a certified cheque or bank draft payable to the Company in an amount equal to the aggregate Exercise Price of the Common Shares to be purchased pursuant to the exercise of the Option.

EXERCISE OF OPTION

EXERCISE OF OPTION. An Option may be exercised only by the Option Holder or his Personal Representative. Except as otherwise provided in section 3.4(c), an Option Holder or his Personal Representative may exercise an Option in whole or in part, subject to any applicable exercise restrictions, including those set out in section 3.8, at any time or from time to time during the Exercise Period up to 5:00 p.m. (Mountain Standard time) on the Expiry Date by delivering to the Administrator an Exercise Notice, the applicable Option Certificate and, subject to section 4.2 below, payment of the entire Exercise Price in cash or cash equivalents at the time when such Shares are purchased. 4.2 NET EXERCISE (a) The Board may permit the net exercise of any Option into Shares by any Option Holder as provided in this section 4.2 (Net Exercise) at any time, or from time to time, during the term of such Option. The decision of whether or not to permit Net Exercise for any Option is in the sole discretion of the Board and will be made on a case by case basis. Upon the Net Exercise of Options (the Converted Options), the Company shall deliver to the Option Holder (without payment by the Option Holder of any Exercise Price or any cash or other consideration), that number of fully paid and non-assessable Shares (X) equal to the number of Converted Options (Y) multiplied by the quotient obtained by dividing the result of the Fair Market Value of one Share (B) less the Exercise Price per Share (A) by the Fair Market Value of one Share (B). Expressed as a formula, such conversion shall be computed as follows: (B - A)

Exercise of Option from Option Agreement

THIS OPTION AGREEMENT (this "Agreement") is made and entered into as of this 18th day of June, 2008 (the "Effective Date"), by and between ADVANCED FIBERGLASS TECHNOLOGIES, INC., a Wisconsin corporation ("Buyer"), and M & W FIBERGLASS, LLC, a Wisconsin limited liability company (the "Company").

Exercise of Option. Buyer shall exercise the Option, if at all, by delivering written notice thereof to the Company during the Exercise Period (as defined herein). Any attempt by Buyer to exercise the Option after expiration of the Exercise Period, or by any means during the Exercise Period other than as set forth in this Section 2.1, shall be null and void and of no force or effect. For purposes of this Agreement, "Exercise Period" shall mean the period of time commencing on the Effective Date and ending no later than 5:00 p.m. (Central Time) on the first anniversary of the Effective Date. "Business Day" means any day other than Saturday, Sunday or any federal legal holiday.

EXERCISE OF OPTION

EXERCISE OF OPTION. An Option may be exercised only by the Option Holder or his Personal Representative. Except as otherwise provided in section 3.4(c), an Option Holder or his Personal Representative may exercise an Option in whole or in part, subject to any applicable exercise restrictions, including those set out in section 3.8, at any time or from time to time during the Exercise Period up to 5:00 p.m. (Mountain Standard time) on the Expiry Date by delivering to the Administrator an Exercise Notice, the applicable Option Certificate and, subject to section 4.2 below, payment of the entire Exercise Price in cash or cash equivalents at the time when such Shares are purchased. 4.2 NET EXERCISE (a) The Board may permit the net exercise of any Option into Shares by any Option Holder as provided in this section 4.2 (Net Exercise) at any time, or from time to time, during the term of such Option. The decision of whether or not to permit Net Exercise for any Option is in the sole discretion of the Board and will be made on a case by case basis. Upon the Net Exercise of Options (the Converted Options), the Company shall deliver to the Option Holder (without payment by the Option Holder of any Exercise Price or any cash or other consideration), that number of fully paid and non-assessable Shares (X) equal to the number of Converted Options (Y) multiplied by the quotient obtained by dividing the result of the Fair Market Value of one Share (B) less the Exercise Price per Share (A) by the Fair Market Value of one Share (B). Expressed as a formula, such conversion shall be computed as follows: (B - A)

EXERCISE OF OPTION from Officer Non Qualified Stock Option Agreement

This OPTION is granted on March 25, 2008 (the "Grant Date"), by Calpine Corporation, a Delaware corporation (the "Corporation"), to Robert P. May (the "Grantee") pursuant to this Non-Qualified Stock Option Agreement ("Stock Option Agreement").

EXERCISE OF OPTION. Except as provided in Sections 3(a) and 3(b) above, the Option is exercisable ("vested") after 5:00 p.m. Central Time on December 31, 2008, provided the Grantee has been continuously employed by the Corporation for the period beginning on the Grant Date and ending at 5:00 p.m. Central Time on December 31, 2008. Continuous employment includes any paid leaves of absence, but does not include any unpaid leaves of absence. Except as provided in Sections 3(a) and (b) above, if the Grantee is not continuously employed from the Grant Date until 5 p.m. Central Time on December 31, 2008, then, upon the Grantee's termination of employment or service with the Corporation, the entire Option shall immediately terminate.