0000950137-07-009684 Sample Contracts

NON-STATUTORY STOCK OPTION AGREEMENT
Non-Statutory Stock Option Agreement • July 3rd, 2007 • International Fuel Technology Inc • Petroleum refining • Missouri

This STOCK OPTION AGREEMENT (“Agreement”) dated July 2, 2007, (“Grant Date”) is between INTERNATIONAL FUEL TECHNOLOGY, INC. (the “Company”), a Nevada corporation, and STUART D. BEATH a(n) employee of the Company (the “Optionee”).

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SEPARATION AGREEMENT AND RELEASE
Separation Agreement • July 3rd, 2007 • International Fuel Technology Inc • Petroleum refining • Missouri

THIS SEPARATION AGREEMENT AND RELEASE (hereinafter referred to as the “Agreement”) dated June 29, 2007, is entered into by and between GARY S. HIRSTEIN (“EMPLOYEE”) and INTERNATIONAL FUEL TECHNOLOGY, INC., a Nevada corporation (“EMPLOYER”).

EMPLOYMENT AGREEMENT
Employment Agreement • July 3rd, 2007 • International Fuel Technology Inc • Petroleum refining • Missouri

THIS EMPLOYMENT AGREEMENT (the “Agreement”) is made and entered into by and between INTERNATIONAL FUEL TECHNOLOGY, INC., a Nevada corporation (the “Company”), and STUART D. BEATH (the “Employee”), and is dated as of July 2, 2007.

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