Common use of Additional Compensation to Executive Clause in Contracts

Additional Compensation to Executive. In addition to the compensation stated above, Executive shall receive 333,333 (Three Hundred Thirty Three Thousand Three Hundred Thirty Three) stock options at a price of .98 cents (Ninety Eight cents) per share of CALYPSO per year for the duration of this Employment Agreement that shall vest pursuant to a pro-rated vesting schedule attached a exhibit “A” and providing that he is not terminated pursuant to the provisions of paragraph 14 (B). In the Event of a Change in Control (as defined in No. 15) within the next twelve months, the Executive shall receive an additional compensation of 666,666 (Six Hundred Sixty Six Thousand Six Hundred Sixty Six) stock options of CALYPSO at a price of .98 cents (Ninety Eight cents) per share that shall vest upon the consummation of the change of control.

Additional Compensation to Executive. In addition to the compensation stated above, Executive shall receive 333,333 150,000 (Three One Hundred Thirty Three Thousand Three Hundred Thirty ThreeFifty Thousand) stock options at a price of .98 cents US$ 1.00 (Ninety Eight centsOne Dollar) per share of CALYPSO per year for the duration of this Employment Agreement that Agreement. 50,000 (Fifty Thousand) option shares shall vest immediately upon execution of this agreement. All remaining option shares shall vest pursuant to a pro-rated vesting schedule attached a exhibit “"A” " and providing that he is not terminated pursuant to the provisions of paragraph 14 (B). In the Event of a Change in Control (as defined in No. 15) within the next twelve months, the Executive shall receive an additional a total compensation of 666,666 300,000 (Six Three Hundred Sixty Six Thousand Six Hundred Sixty SixThousand) stock options of CALYPSO at a price of .98 cents US$ 1.00 (Ninety Eight centsOne Dollar) per share that shall vest upon the consummation of the change of control.