0001047469-04-021280 Sample Contracts

STOCK OPTION
Stock Option Agreement • June 22nd, 2004 • Gexa Corp • Electric services • Texas

AGREEMENT, made October 1, 2001, by and between Gexa Corp., a Texas corporation, hereinafter referred to as the "Company" and Marcie Zlotnik. an individual, hereinafter referred to as tile "Optionee".

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STOCK OPTION
Stock Option Agreement • June 22nd, 2004 • Gexa Corp • Electric services • Texas

AGREEMENT, made October 27, 2003, by and between Gexa Corp., a Texas corporation, hereinafter referred to as the "Company" and James A. Burke, an individual, hereinafter referred to as the "Optionee".

STOCK OPTION
Stock Option Agreement • June 22nd, 2004 • Gexa Corp • Electric services • Texas

AGREEMENT, made July 16, 2003, also known as the "date of grant", by and between Gexa Corp., a Texas corporation, hereinafter referred to as the "Company" and NEIL LEIBMAN, an individual, hereinafter referred to as tile "Optionee".

STOCK OPTION AWARD AGREEMENT UNDER GEXA CORP. 2002 NON-EMPLOYEE DIRECTOR STOCK OPTION PLAN
Stock Option Award Agreement • June 22nd, 2004 • Gexa Corp • Electric services

THIS AGREEMENT is entered into effective this day of , between Gexa Corp., a Texas corporation (herein called "Company"), and , a non-employee director of the Company (herein called "Grantee"), pursuant to the provisions of the Company's 2002 Non-Employee Director Stock Option Plan (herein called the "Plan"). The Plan provides that Grantee is eligible to participate as a Grantee under the Plan, and, to carry out its purposes, the Company has this day authorized the grant, pursuant to the Plan, of the option set forth below to Grantee.

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