GRANT OF ADDITIONAL OPTION Clause Samples

GRANT OF ADDITIONAL OPTION. If, during the period beginning upon the Effective Date and ending upon the earlier of the closing of an initial public offering ("IPO") of the Company's Stock, and five years from the Effective Date (the "Initial Period"), the Company issues additional shares of its equity securities or Stock Rights in any transaction (including without limitation, the IPO and any option to acquire Stock granted to employees of the Company) that does not result in an adjustment to the Option pursuant to the provisions of Section 4 (a "Dilutive Event"), and, as of the date of such Dilutive Event the number of shares of Stock covered by this Option shall be less than 0.5% of the outstanding equity securities of Company on a fully diluted basis immediately following such occurrence, then the following will apply: a. The Company shall grant to the Option Holder an option (each such grant, a "Subsequent Option Grant") to acquire additional shares of Stock such that the number of shares of Stock as to which the Option (including all Subsequent Option Grants and all previously exercised Options) will be exercisable represents, after giving effect to the applicable occurrence, .5% of the outstanding shares of each class of Company's equity securities on a fully diluted basis. On the date of the Dilutive Event, the Company and the Option Holder shall enter into an Option Grant Agreement in the form of Exhibit A hereto evidencing the Subsequent Option Grant. The Company's failure to execute and deliver an Option Grant Agreement shall not affect the Option Holder's right to exercise an Option, including, but not limited to, Options granted pursuant to a Subsequent Option Grant.

GRANT OF ADDITIONAL OPTION. The Company hereby grants to Purchaser a conditional option to acquire, in the sole discretion of Purchaser, up to 158,000 shares of Common Stock from the Company at a per share exercise price equal to $16.42 per share (such price, the "Additional Option Exercise Price"), but only at the rate of 10,000 shares for each $10,000,000 increment by which the Additional Option Qualifying Premiums for the Additional Option Determination Period exceed $200,000,000. The exercise of the Additional Option shall be subject to the filing of appropriate documents with, and to the extent necessary, approval of, the Commissioner of Insurance of the State of Washington and such notices and consents as may be required under the insurance laws of any jurisdiction in which any of the Company or its subsidiaries is domiciled or does business. The Additional Option may only be exercised once by delivery of written notice to the Company, signed by Purchaser, indicating that the Additional Option is being exercised and specifying the number of shares of Common Stock it will acquire. Such notice may not be given until final determination of Additional Option Qualifying Premiums pursuant to Section 1.3(a). Unless earlier exercised, the Additional Option expires on December 31, 2006. The closing of the exercise of the Additional Option pursuant to this Section 1.3(b) shall occur within ten (10) business days following delivery of the written exercise notice, the Additional Option Exercise Price shall be paid in immediately available funds at the closing, and the acquired shares of Common Stock shall be delivered to Purchaser at the closing free and clear of any and all liens, claims and encumbrances (other than any such liens, claims and encumbrances created by Purchaser).

GRANT OF ADDITIONAL OPTION. The Parties confirm that Tenant currently has no remaining options to renew or extend the Lease. Provided Tenant is not in default of any provisions of the Lease, as amended, and Tenant has not been in default of the Lease, as amended, more than three (3) times during the Fourth Extension Period, Landlord grants to Tenant the right to extend the Lease, as hereby extended, for one (1) additional period of three (3) years, commencing on August 1, 2016 and ending on July 31, 2019, under the same terms and conditions as the Fourth Extension Period, except that Annual Rent shall be and void. $141,920.75 per annum, equaling $11,826.73 monthly, based on $13.25 per square foot per annum. If Tenant elects to exercise this option, Tenant shall notify Landlord in writing on or prior to February 1, 2016. Tenant's failure to provide the written notice as required herein by such date shall render such option null

GRANT OF ADDITIONAL OPTION. Subject to the terms and conditions set forth in this Agreement, the Company hereby grants to the Employee the right to purchase up to fifty thousand (50,000) shares of the Company's common stock (the "Stock") at a price of $1.50 per share, subject to the adjustments as provided in Section 4 hereof (the "Additional Option"). It is understood and agreed that the option price is the per share fair market value of such shares on the date of each of the option grants covered by this Agreement. The Company intends that the Additional Option shall be an Incentive Stock Option governed by the provisions of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"). The terms of the Company's Incentive Stock Option Plan and the Additional Option shall be interpreted and administered so as to satisfy the requirements of the Code.