Common use of Option Information Clause in Contracts

Option Information. (a) Date of Option: June 11, 2008 (b) Optionee: ▇▇▇▇▇ ▇▇▇▇▇▇▇ (c) Number of Shares: 500,000 (d) Exercise Price: $ 0.61 (a) Optionee is an employee of the Company. (b) The Board of Directors (the “Board” which term shall include an authorized committee of the Board of Directors) and shareholders of the Company have heretofore adopted a 2001 Incentive Stock Plan (the “Plan”), pursuant to which this Option is being granted; and (c) The Board has authorized the granting to Optionee of a stock option (“Option”) to purchase shares of common stock of the Company (“Stock”) upon the terms and conditions hereinafter stated and pursuant to an exemption from registration under the Securities Act of 1933, as amended (the “Securities Act”) provided by Rule 701 thereunder.