Mr. Richard P. Trotter 598 North Heatherstone Drive, Orange, CA 92869.Stock Option Agreement • May 5th, 2005 • Sparta Commercial Services, Inc. • Finance services
The purpose of this letter is to set forth the terms and conditions under which the Board of Directors of Sparta Commercial Services, Inc. (the “Company”) has decided to grant to you options to purchase shares of its Common Stock, $.001 par value per share, in recognition of services to it since the commencement of your employment. The following grant is in addition to any compensation rights you may be entitled to under your Employment Agreement with the Company dated as of November 1, 2004 (the “Employment Agreement”).
