THE NAUTILUS GROUP, INC.
NONSTATUTORY STOCK OPTION AGREEMENT
The Nautilus Group, Inc. (the “Company”) has granted to (the “Optionee”), an option to purchase a total of
shares of Common Stock, at the price determined as provided herein, and in all respects subject to the terms, definitions and
provisions of the 1995 Stock Option Plan (the “Plan”) adopted by the Company which is incorporated herein by reference. The
Terms defined in the Plan shall have the same defined meanings herein.
1. Nature of the Option . This Option is a nonstatutory stock option and is not intended to qualify for a special tax benefit to the
2. Exercise Price . The exercise price is $ U.S. for each share of Common Stock, which price is not less than the fair market
value per share of the Common Stock on the date of grant.
3. Exercise of Option . The Option shall be exercisable during its term in accordance with the provisions of the Plan as follows:
(i) Right to Exercise.
(a) This Option shall be exercisable, only when the Option is vested as defined in Term of Option, Section 8.
(b) This Option may not be exercised for a fraction of a share.
(c) In the event of Optionee’s death or divorce, the exercisability of the Option is governed by the provisions of the
(ii) Method of Exercise . This Option shall be exercisable by written notice which shall state the election to exercise the
Option, the number of Shares in respect of which the Option is being exercised, and such other representations and agreements
as to the Optionee’s investment intent with respect to such shares of Common Stock as may be required by the Company
pursuant to the provisions of the Plan. Such written notice shall be signed by the Optionee and shall be delivered in person or
by certified mail to the Secretary or Assistant Secretary of the Company. The written notice shall be accompanied by payment
of the exercise price as provid