Slate Grocery REIT T.SGR

RE: Options

[hydra100]

As of Sept/10 the average option had an expiry date of over 3yrs.  This is the average of all them.
Could some have an expiry date of 5yrs and some three mths I do not know.
You would have to go over each set of options given out to find out I think.  If anyone knows please tell.
Or wants to do the work feel free to do so.

Options and warrants

During the nine month period ended September 30th, 2010, the fair value of each option grant is estimated on the

date of the grant using the Black-Scholes option-pricing model. The Company used the following weighted average

assumptions to estimate the fair value of options granted for the three months ended September 30, 2010 and year

ended December 31, 2009.

During the quarter ended September 30th, 2010, the fair value of each option grant is estimated on the date of the

grant using Black-Scholes option-pricing model with the following weighted average assumptions used for the grants;

dividend yield of 0% (December 31st, 2009 – 0%), expected volatility of 66.04% (December 31st, 2009 – 70-80%), risk

free interest rate of 2.29% (December 31st, 2009 – 2.26% to 2.56%) and expected life of 1,825 days (December 31st,

2009 – 365 to 1,825 days).

A summary of the status of the Company’s share option plan as at September 30th, 2010 and December 31st, 2009

and changes during the periods then ended are as follows:

December 31,

2009 Average Price ($)

Options, December 31, 2008 13,260,437 0.94

Options granted 4,700,000 1.38

Options exercised (3,980,174) 0.71

Options expired (479,004) 1.05

Options, December 31, 2009 13,501,259 1.16

Options granted 4,450,000 3.43

Options exercised (1,226,359) 0.79

Options, March 31, 2010 16,724,900 1.95

Options granted 100,000 3.78

Options exercised (2,265,625) 0.92

Options, June 30, 2010 14,559,275 1.92

Options granted 175,000 3.93

Options exercised (858,332) 0.56

Options expired (38,258) 0.39

Options, September 30, 2010 13,837,685 2.06

Options vested, September 30, 2010 5,075,941 1.26

September 30,

2010

December 31,

2009

Weighted average remaining life (years) 3.14 2.76