Wrong. In this context It means the prices of thei

Wrong. In this context It means the prices of their granted options are locked in to those prices. They don't have to buy at market price unless they choose to buy more than the shares they have been granted the option to buy at .035 and .045 per share within that two year span. They can if they choose, but only a fool wouldn't take advantage of the price they are "locked into" because it's such a bargain.