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Weighted average exercise price

Aggregate intrinsic value

Weighted average remaining contractual life (years)

Outstanding at February 28, 2013

1,116,500

$

0.68

-

Granted

1,563,500

$

2.42

-

Outstanding and expected to vest at February 28, 2014

2,680,000

$

1.70

$

599,025

8.78

Exercisable at February 28, 2014

1,820,000

$

1.89

$

599,025

8.53