Common use of TERMS AND CONDITIONS OF STOCK OPTIONS Clause in Contracts

TERMS AND CONDITIONS OF STOCK OPTIONS. Pursuant to this Stock Option Award Agreement, TapImmune Inc. (the “Company”) has granted the key employee of the Company named in the first page of this Award Agreement (the “Participant”) stock options under the TapImmune Inc. 2014 Omnibus Stock Ownership Plan (the “Plan”). These stock options will give the Participant a contingent right to purchase the number of shares of the Company’s Common Stock indicated on the first page of this Award Agreement upon satisfaction of the vesting requirements and other conditions set forth in this Award Agreement. The terms and conditions of the Stock Options are as follows:

TERMS AND CONDITIONS OF STOCK OPTIONS. Pursuant to this Stock Option Award Agreement, TapImmune Inc. (the “Company”) has granted the key employee consultant of the Company named in the first page of this Award Agreement (the “ParticipantConsultant”) stock options under the TapImmune Inc. 2014 Omnibus Stock Ownership Plan (the “Plan”). These stock options will give the Participant Consultant a contingent right to purchase the number of shares of the Company’s Common Stock indicated on the first page of this Award Agreement upon satisfaction of the vesting requirements and other conditions set forth in this Award Agreement. The terms and conditions of the Stock Options are as follows: