NANOSPHERE, INC.
2000 EQUITY INCENTIVE PLAN
OPTION AWARD AGREEMENT
1. A nonqualified STOCK
OPTION to acquire ______ shares (hereinafter referred to as
“Shares”) of Common Stock of Nanosphere, Inc.
(hereinafter referred to as the “Company”) is hereby
granted to ______ (hereinafter referred to as the
“Optionee”), subject in all respects to the terms and
conditions of the Nanosphere, Inc. 2000 Equity Incentive Plan
(hereinafter referred to as the “Plan”) and such other
terms and conditions as are set forth herein.
2. The Option is not intended to
constitute an Incentive Stock Option under Section 422 of the
Internal Revenue Code of 1986.
3. The Option price as
determined by the Committee is ______. The Option price may be paid
in any one or a combination of cash, personal check, personal note,
Shares already owned for at least six (6) months or broker
exercise notice.
4. The Option is fully vested as
of the date hereof.
5. The Option may not be
exercised if the issuance of Shares upon such exercise would
constitute a violation of any applicable federal or state
securities law, or any other valid law or regulation. As a
condition to the exercise of the Option, the Optionee shall
represent to the Company that the Shares being acquired under the
Option are for investment and not with a present view for
distribution or resale
