I think they have 5 years to buy the options at .10, regardless of the price at the time.

MONTREAL, Oct. 15 /CNW/ -- The Board of Directors of KWG Resources Inc (TSXV: KWG) has awarded 6,558,500 options to purchase treasury shares at $0.10 each, under the provisions of the Company's Incentive Stock Option Plan. Of the total awards 703,500 were allocated to employees 2,075,000 were allocated to directors of the Company and of its subsidiaries, 520,000 to directors who are also officers, 1,785,000 to officers and 1,475,000 were allocated to consultants. The options are exercisable over a period of five years.