Subsequent Events (Tables)

3 Months Ended

Mar. 31, 2013

Subsequent Events Tables

Option grants

Set forth below is information relating to the option grants under the 2013 Plan.

					Exercise
Name			Number of Options		Price		Experation
Harvey Kesner	(1	)		1,000,000	$	7.08	4/1/2023
Douglas Brown	(2	)		75,000	$	7.08	4/1/2023
Edward Karr	(2	)		75,000	$	7.08	4/1/2023
Robert Vander Zander	(2	)		75,000	$	7.08	4/1/2023
Robert Clayton	(3	)		5,000	$	7.08	4/1/2023
Executive Group				1,230,000
Consultant	(4	)		750,000	$	7.08	4/1/2023
Consultant	(5	)		25,000	$	7.08	4/1/2023
Consultant	(6	)		5,000	$	7.08	4/1/2023
Other staff				500	$	7.08	4/1/2023
Total				2,010,500

(1)	750,000 options vest in 4 equal semi-annual installments beginning on October 4, 2013 as long as the shareholders have approved the 2013 Plan.  Remaining 250,000 options are subject to certain performance conditions requiring the Company to achieve a VWAP of $12 per share for 30 out of 90 consecutive days prior to December 31, 2014 and provided Optionee remains a director.
(2)	Eligibility date of October 4, 2013, provided Optionee remains a director of Spherix through said date.

(3)	Eligibility effective immediately upon shareholder approval.
(4)	Eligibility upon the last to occur of (i) shareholder approval of Plan, (ii) closing of merger of North South Holdings, Inc. into Nuta Technology Corp, and (iii) Optionee’s employment as the Chief Executive Officer of Spherix.

(5)	Eligibility effective immediately upon shareholder approval.
(6)	Eligibility effective immediately upon shareholder approval.