0000897101-06-000232 Sample Contracts

NONQUALIFIED STOCK OPTION AGREEMENT UNDER INSIGNIA SYSTEMS, INC. 2003 INCENTIVE STOCK OPTION PLAN
Nonqualified Stock Option Agreement • February 1st, 2006 • Insignia Systems Inc/Mn • Miscellaneous manufacturing industries

THIS AGREEMENT is made and entered into, effective February 1, 2006 (the “Effective Date”), by and between Gary L. Vars (“Optionee”), and Insignia Systems, Inc. (the “Company”).

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CONSULTING AGREEMENT
Consulting Agreement • February 1st, 2006 • Insignia Systems Inc/Mn • Miscellaneous manufacturing industries • Minnesota

THIS AGREEMENT is made and entered into, effective February 1, 2006 (the “Effective Date”), by and between Gary L. Vars (“Consultant”), and Insignia Systems, Inc. (the “Company”).

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