They are exercizable as follows:
Explanation of Responses: |
1. Options to purchase 200,000 shares are exercisable on June 5, 2007. The options to purchase the remaining 200,000 shares are exercisable on June 5, 2008. |
2. Options to purchase 200,000 shares are exercisable on June 5, 2007. Options to purchase 100,000 shares are exercisable on June 5, 2008. Options to purchase 300,000 shares are exercisable on June 5, 2009. Options to purchase 300,000 shares are exercisable on June 5, 2010. Options to purchase 300,000 shares are exercisable on June 5, 2011. Options to purchase 300,000 shares are exercisable on June 5, 2012. |