Common use of Existing Options Clause in Contracts

Existing Options. Number of Options: 2,400,000 Option Exercise Price: US$0.87 (see Note 1) Grant Date: November 26, 2008 Option Expiration Date: November 26, 2015 February 26, 2009 200,000 200,000 May 26, 2009 200,000 400,000 August 26, 2009 200,000 600,000 November 26, 2009 200,000 800,000 February 26, 2010 200,000 1,000,000 May 26, 2010 200,000 1,200,000 August 26, 2010 200,000 1,400,000 November 26, 2010 200,000 1,600,000 February 26, 2011 200,000 1,800,000 May 26, 2011 200,000 2,000,000 August 26, 2011 200,000 2,200,000 November 26, 2011 200,000 2,400,000