0001144204-05-029887 Sample Contracts

EUROBANCSHARES, INC. INCENTIVE STOCK OPTION AGREEMENT
Incentive Stock Option Agreement • September 26th, 2005 • Eurobancshares Inc • Commercial banks, nec • Puerto Rico

THIS OPTION AGREEMENT (the “Option Agreement”) is made and entered into effective as of ___________, (the “Date of Grant”) between EuroBancshares, Inc. (the “Company”), and ___________________ (the “Optionee”) in connection with the grant of an Option under the EuroBancshares, Inc. 2005 Stock Option Plan (the “Plan”). For purposes of this Option Agreement, defined terms shall have the meanings given to them by the Plan.

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EUROBANCSHARES, INC. NONSTATUTORY STOCK OPTION AGREEMENT
Nonstatutory Stock Option Agreement • September 26th, 2005 • Eurobancshares Inc • Commercial banks, nec • Puerto Rico

THIS OPTION AGREEMENT (the “Option Agreement”) is made and entered into effective as of ___________, (the “Date of Grant”) between EuroBancshares, Inc. (the “Company”), and ___________________ (the “Optionee”) in connection with the grant of an Option under the EuroBancshares, Inc. 2005 Stock Option Plan (the “Plan”). For purposes of this Option Agreement, defined terms shall have the meanings given to them by the Plan.

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