Exercisability and Vesting. This Option shall become exercisable and vest ☐ twenty percent (20%) on the first anniversary of the Initial Vest Date and thereafter in a series of four (4) successive equal annual installments at the end of each of the next four (4) years (minimum for employees; vesting period may be longer officers, directors and Consultants), ☐ twenty-five percent (25%) on the first anniversary of the Initial Vest Date, and thereafter in a series of thirty-six (36) successive equal monthly installments, or ☐ in a series of forty-eight (48) successive equal monthly installments starting on the Initial Vest Date (or 2.0834% per month). Vesting at the end of each annual or monthly period shall occur only if Optionee is an employee, outside director or consultant, respectively, of the Corporation at the time that such vesting is to occur.

Initial Options. Each Initial Option shall vest and become exercisable and vest ☐ twenty percent (20%)in thirty-six (36) substantially equal monthly installments following the date of grant, such that the Initial Option shall be fully vested on the firstthird anniversary of the Initial Vest Date and thereafterdate of grant, subject to the Non-Employee Director continuing in service as a series of four (4) successive equal annual installments at the end ofNon-Employee Director through each of the next four (4) years (minimum for employees; vesting period may be longer officers, directors and Consultants), ☐ twenty-five percent (25%) on the first anniversary of the Initial Vest Date, and thereafter in a series of thirty-six (36) successive equal monthly installments, or ☐ in a series of forty-eight (48) successive equal monthly installments starting on the Initial Vest Date (or 2.0834% per month). Vesting at the end of each annual or monthly period shall occur only if Optionee is an employee, outside director or consultant, respectively, of the Corporation at the time that such vesting is to occur.date.

Vesting Schedule: [Note: Company to elect vesting schedule; following is an example of a standard vesting provision] This Option shall become exercisable and vest ☐ twenty percent (20%)for 25% of the maximum number of shares granted on the first anniversary of the Initial Vest DateVesting Start Date, and thereafter in a seriesshall become exercisable for an additional 2.0833% of four (4) successive equal annual installments at the endmaximum number of shares granted on the last day of each ofone month period thereafter; so that the next four (4) years (minimum for employees; vesting period mayOption shall be longer officers, directors and Consultants), ☐ twenty-five percent (25%)fully vested on the firstfourth anniversary of the Initial Vest Date, and thereafter in a seriesVesting Start Date. All vesting shall cease upon the date of thirty-six (36) successive equal monthly installments,termination of employment with or ☐ in a seriesprovision of forty-eight (48) successive equal monthly installments starting onservices to the Initial Vest Date (or 2.0834% per month). Vesting at the end of each annual or monthly period shall occur only if Optionee is an employee, outside director or consultant, respectively, of the Corporation at the time that such vesting is to occur.Company.