Exercisability of Option. The Option shall become exercisable on the following dates (each, a “Vesting Date”): 50,000 Shares on the one (1) year anniversary of the Date of Grant (the “Vesting Commencement Date”) and 50,000 Shares on each anniversary of the Date of Grant thereafter until fully vested, provided the Employee is employed by the Company on the respective Vesting Date.

Exercisability of Option. The Option shall become exercisable on the following dates (each, a “Vesting Date”): 75,000 Shares on the one (1) year anniversary of the Date of Grant (the “Vesting Commencement Date”) and 75,000 Shares on each anniversary of the Date of Grant thereafter until fully vested, provided the Employee is employed by the Company on the respective Vesting Date. Upon termination of Employee’s employment without Cause or by the Employee for Good Reason (as defined in the employment agreement between the Company and the Grantee) within three (3) months before or twelve (12) months after a Change of Control (as defined below), all Shares shall immediately vest in full on the date of such termination.

The exercise price of the Option will be equal to the fair market value of the Company’s common stock on the date of grant. The Option will vest as follows: the Option will become exercisable as to 25% of the shares on the first anniversary of the Vesting Commencement Date, as defined below; and thereafter, shall become exercisable as to the remaining 75% of the shares in 36 equal monthly installments following the first anniversary of the Vesting Commencement Date until fully vested. The Vesting Commencement Date is your date of hire with the Company.