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This excerpt taken from the HSKA DEF 14A filed Apr 6, 2009. 5.3 Exercise Price. Each Stock Option Agreement shall specify the
Exercise Price; provided that the Exercise Price under an IS0 shall in no event
be less than 100% of the Fair Market Value of a Common Share on the date of
grant and the Exercise Price under an NQO shall in no event be less than 85% of
the Fair Market Value of a Common Share on the date of grant. In the case of an NQO, a Stock Option
Agreement may specify an Exercise Price that varies in accordance with a
predetermined formula while the NQO is outstanding.
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