Common use of Initial Stock Clause in Contracts

Initial Stock. As soon as practical after the Commencement Date (the “Grant Date”), the Company shall grant to the Consultant restricted shares (the “Initial Stock”) 147,120 shares of common stock, of the Company (“Common Stock”). The Initial Stock shall be issued in accordance with, and subject to, the Company Equity Incentive Plan, as amended (the “Equity Incentive Plan”). In the event of a Change in Control during the vesting period, all of the Initial Stock shall immediately vest in full. The other terms and conditions for such grant shall be further described in the Stock Agreement to be entered into between the Company and the Consultant, in the form attached hereto as Exhibit B (the “Initial Stock Agreement”) and the Equity Incentive Plan.