0000950134-08-003864 Sample Contracts

STOCK OPTION AGREEMENT
Stock Option Agreement • February 29th, 2008 • Gunnerman Rudolf W • Oil & gas field services, nec • New York

This STOCK OPTION AGREEMENT (the “Agreement”) is made and entered into as of February 12, 2008 by and between the parties listed on the signature pages hereto as Optionees (“Optionees”), and Rudolf Gunnerman and Doris Gunnerman, as joint owners, the undersigned stockholders (“Stockholders”) of Sulphco, Inc., a Nevada corporation (the “Company”).

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ASSIGNMENT AND CONSENT
Assignment and Consent • February 29th, 2008 • Gunnerman Rudolf W • Oil & gas field services, nec

WHEREAS, Dr. Rudolf Gunnerman and Doris Gunnerman (collectively “Gunnerman”) on the one hand and Ellis Capital LP and Iroquois Master Fund Ltd. (“Ellis” and “Iroquois”, respectively) on the other hand, entered into as of February 12, 2008, a Stock Purchase Agreement, Stock Option Agreement, Lockup Agreement, Purchase Escrow Agreement, and Stock Option Funds Escrow Agreement (collectively, “Transaction Documents”) in connection with the sale and purchase and option to purchase common stock of Sulphco, Inc. (“Common Stock”); and

AMENDMENT NO. 2 TO STOCK OPTION AGREEMENTS
Stock Option Agreement • February 29th, 2008 • Gunnerman Rudolf W • Oil & gas field services, nec

This Amendment No. 2 made as of February 12, 2008 relates to the Stock Option Agreements entered into as of April 24, 2007, by and among Optionees identified on Schedule A hereto and Rudolf and Doris Gunnerman as Stockholders.

AMENDMENT NO. 1 TO STOCK OPTION AGREEMENT AND LOCKUP AGREEMENT
Stock Option Agreement and Lockup Agreement • February 29th, 2008 • Gunnerman Rudolf W • Oil & gas field services, nec

This Amendment No. 1 made as of November 27, 2007 relates to the Stock Option Agreement entered into as of April 24, 2007, by and among Optionees identified on the signature pages hereto and Rudolf and Doris Gunnerman as Stockholders; and to a certain Lockup Agreement dated as of April 24, 2007 entered into by Rudolf and Doris Gunnerman as Holders for the benefit of Optionees.

STOCK OPTION AGREEMENT
Stock Option Agreement • February 29th, 2008 • Gunnerman Rudolf W • Oil & gas field services, nec • New York

This STOCK OPTION AGREEMENT (the “Agreement”) is made and entered into as of April 24, 2007 by and between the parties listed on the signature pages hereto as Optionees (“Optionees”), and Rudolf Gunnerman and Doris Gunnerman, as joint owners, the undersigned stockholders (“Stockholders”) of Sulphco, Inc., a Nevada corporation (the “Company”).

LOCKUP AGREEMENT
Lockup Agreement • February 29th, 2008 • Gunnerman Rudolf W • Oil & gas field services, nec • New York

This AGREEMENT (the “Agreement”) is made as of the 27th day of February, 2008, by Rudolf Gunnerman and Doris Gunnerman (“Holders”), in connection with their ownership of shares of Sulphco, Inc., a Nevada corporation (the “Company”).

JOINT FILING AGREEMENT
Joint Filing Agreement • February 29th, 2008 • Gunnerman Rudolf W • Oil & gas field services, nec

The undersigned hereby consent to the joint filing by any of them of a Statement on Schedule 13D and any amendments thereto relating to the securities of SulphCo, Inc., and hereby affirm that this Amendment No. 3 to Schedule 13D is being filed on behalf of each of the undersigned.

STOCK PURCHASE AGREEMENT
Stock Purchase Agreement • February 29th, 2008 • Gunnerman Rudolf W • Oil & gas field services, nec • New York

This Stock Purchase Agreement (this “Agreement”) is entered into as of February 12, 2008, by and among Rudolf Gunnerman and Doris Gunnerman (“Gunnerman”), and the entities identified on the signature pages hereto, as buyers (each a “Buyer” and collectively “Buyers”).

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