0001144204-05-029520 Sample Contracts

NON-STATUTORY STOCK OPTION AGREEMENT Pursuant to the United Fuel & Energy Corporation (TWO YEAR)
Non-Statutory Stock Option Agreement • September 22nd, 2005 • United Fuel & Energy Corp • Retail-nonstore retailers • Texas

This NON-STATUTORY STOCK OPTION AGREEMENT (the “Option Agreement”) is made as of ___________________ between United Fuel & Energy Corporation, a Nevada corporation (the “Company”), and the above-named individual, an employee of the Company or one of its Subsidiaries (the “Optionee”), to record the granting of a non-statutory stock option pursuant to the Company's 2005 Equity Incentive Plan (the “Plan”). Terms used herein that are defined in the Plan shall have the meanings ascribed to them in the Plan. If there is any inconsistency between the terms of this Option Agreement and the terms of the Plan, the Plan’s terms shall supersede and replace the conflicting terms herein.

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INCENTIVE STOCK OPTION AGREEMENT Pursuant to the United Fuel & Energy Corporation (TWO YEAR)
Incentive Stock Option Agreement • September 22nd, 2005 • United Fuel & Energy Corp • Retail-nonstore retailers • Texas

This INCENTIVE STOCK OPTION AGREEMENT (the “Option Agreement”) is made as of ________________ between United Fuel & Energy Corporation, a Nevada corporation (the “Company”), and the above-named individual, an employee of the Company or one of its Subsidiaries (the “Optionee”), to record the granting of an incentive stock option pursuant to the Company's 2005 Equity Incentive Plan (the “Plan”). Terms used herein that are defined in the Plan shall have the meanings ascribed to them in the Plan. If there is any inconsistency between the terms of this Option Agreement and the terms of the Plan, the Plan’s terms shall supersede and replace the conflicting terms herein.

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