ContractNon-Qualified Stock Option Agreement • July 28th, 2000 • American International Petroleum Corp /Nv/ • Petroleum refining
EXHIBIT 10.2 NON-QUALIFIED STOCK OPTION AGREEMENT THIS AGREEMENT, made as of the day of 2000, by and between AMERICAN INTERNATIONAL PETROLEUM CORPORATION, a Nevada corporation having its principal executive offices at 2950 North Loop West, Suite 1000, Houston, Texas 77092 (the “Grantor”), and , with an address at (the “Optionee”). W I T N E S S E T H: WHEREAS, the Optionee is a member of the Board of Directors, but not an employee, of the Grantor; and WHEREAS, the Grantor desires that Optionee exert his utmost efforts to improve the business of the Grantor. NOW, THEREFORE, in consideration of the Optionee’s service as a director of the Grantor, and for other good and valuable consideration, the Grantor hereby grants the Optionee an option to purchase up to ( ) shares of common stock, $.08 par value per share (“Common Shares”), of the Grantor on the following terms and conditions: 1. Option. The Grantor hereby grants to the Optionee, subject to subpart (b) of Paragraph 3 hereof, a Non
