OPTION AGREEMENT
This Option Agreement is entered into
as of July 10, 2008 by and among Future Energy Solutions, Inc. and each of Xxxxx
Xxxxxxxxxx, Xxxxxxx Xxxxxx and Xxxxxxx XxXxxxxx (collectively, the
“Investors”).
NOW, THEREFORE, the parties
hereto agree as follows:
1. Future
Energy Solutions, Inc. (the “Company”) hereby grants to the Investors an option
to purchase an aggregate of 500,000 shares of common stock of the Company at a
cost of $1 per share (the “Option”).
2. The
Option shall vest and become exercisable upon the occurrence of the common stock
of the Company being traded or listed on an exchange or a stock market,
including the NASDAQ market.
3. The
term of the Option is eight months.
4. The
Option may be assigned by the investors. The Option shall be governed
by New York law.
5. The
Company acknowledges that Xxxxxxx Xxxxxx is an attorney and has represented the
Investors and has not represented the Company.
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FUTURE
ENERGY SOLUTIONS, INC.
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/s/ Xxxxxx
Xxxxx
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Xxxxxx
Xxxxx, President
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/s/ Xxxxx
Xxxxxxxxxx
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Xxxxx
Xxxxxxxxxx
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/s/ Xxxxxxx
XxXxxxxx
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Xxxxxxx
XxXxxxxx
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/s/ Xxxxxxx
Xxxxxx
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Xxxxxxx
Xxxxxx
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