0000950137-05-003537 Sample Contracts

DANIELSON HOLDING CORPORATION AMENDMENT TO STOCK OPTION AGREEMENT FOR EMPLOYEES AND OFFICERS
Stock Option Agreement for Employees • March 24th, 2005 • Danielson Holding Corp • Cogeneration services & small power producers

THIS AMENDMENT TO STOCK OPTION AGREEMENT, is made as of the 20th day of March, 2005 between Danielson Holding Corporation, a Delaware corporation (the “Company”), and ___ (the “Optionee”). Capitalized terms used herein that are not otherwise defined shall have the meaning ascribed to them in the Danielson Holding Corporation Equity Award Plan for Employees and Officers (the “Plan”) or in the Stock Option Agreement dated as of October 5, 2004 between the Company and the Optionee (the “Original Agreement”).

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