0001144204-08-014761 Sample Contracts

STOCK OPTION AGREEMENT
Stock Option Agreement • March 12th, 2008 • Sulphco Inc • Oil & gas field services, nec • New York

This STOCK OPTION AGREEMENT (the "Agreement") is made and entered into as of February 12, 2008 by and between the parties listed on the signature pages hereto as Optionees ("Optionees"), and Rudolf Gunnerman and Doris Gunnerman, as joint owners, the undersigned stockholders ("Stockholders") of Sulphco, Inc., a Nevada corporation (the "Company").

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AMENDMENT NO. 2 TO STOCK OPTION AGREEMENTS
Stock Option Agreements • March 12th, 2008 • Sulphco Inc • Oil & gas field services, nec

This Amendment No. 2 made as of February 12, 2008 relates to the Stock Option Agreements entered into as of April 24, 2007, by and among Optionees identified on Schedule A hereto and Rudolf and Doris Gunnerman as Stockholders.

ASSIGNMENT AND CONSENT
Assignment and Consent • March 12th, 2008 • Sulphco Inc • Oil & gas field services, nec

WHEREAS, Dr. Rudolf Gunnerman and Doris Gunnerman (collectively “Gunnerman”) on the one hand and Ellis Capital LP and Iroquois Master Fund Ltd. (“Ellis” and “Iroquois”, respectively) on the other hand, entered into as of February 12, 2008, a Stock Purchase Agreement, Stock Option Agreement, Lockup Agreement, Purchase Escrow Agreement, and Stock Option Funds Escrow Agreement (collectively, “Transaction Documents”) in connection with the sale and purchase and option to purchase common stock of Sulphco, Inc. (“Common Stock”); and

ESCROW AGREEMENT
Escrow Agreement • March 12th, 2008 • Sulphco Inc • Oil & gas field services, nec • New York

This Escrow Agreement (“Agreement”) is dated as of the __ day of February 2008 among Rudolf Gunnerman and Doris Gunnerman, as joint owners, the undersigned stockholders (“Stockholders”) of Sulphco, Inc., a Nevada corporation (the “Company”), Iroquois Master Fund Ltd. (“Iroquois”), Ellis Capital LLC (“Ellis”) (Iroquois and Ellis each a “Purchaser” collectively the “Purchasers”), and Grushko & Mittman, P.C. (the “Escrow Agent”) (each a “Party” and collectivley the “Parties”):

LOCKUP AGREEMENT
Lockup Agreement • March 12th, 2008 • Sulphco Inc • Oil & gas field services, nec • New York

This AGREEMENT (the “Agreement”) is made as of the 27th day of February, 2008, by Rudolf Gunnerman and Doris Gunnerman (“Holders”), in connection with their ownership of shares of Sulphco, Inc., a Nevada corporation (the “Company”).

STOCK OPTION FUNDS ESCROW AGREEMENT
Stock Option Funds Escrow Agreement • March 12th, 2008 • Sulphco Inc • Oil & gas field services, nec • New York

This Agreement is dated as of the 12th day of February, 2008 among Rudolf Gunnerman and Doris Gunnerman (“Stockholders”), those parties listed on the signature pages hereto, as purchasers (“Optionees”), and Grushko & Mittman, P.C. (the "Escrow Agent"):

MODIFICATION AGREEMENT
Modification Agreement • March 12th, 2008 • Sulphco Inc • Oil & gas field services, nec

This Modification Agreement (the “Agreement”) is made as of November 28, 2007 among SulphCo, Inc. (“Maker”) and Ellis Capital LLC, Mayflower Oak LLC, Iroquois Master Fund Ltd., Scot Cohen, Scott Jason Cohen Foundations, Inc., Merav Abbe Irrevocable Trust, Edward G. Rosenblum, Devidas Budrani, Joshua Silverman and Phil Mirabelli (each a “Holder” and collectively “Holders”).

STOCK PURCHASE AGREEMENT
Stock Purchase Agreement • March 12th, 2008 • Sulphco Inc • Oil & gas field services, nec • New York

This Stock Purchase Agreement (this “Agreement”) is entered into as of February 12, 2008, by and among Rudolf Gunnerman and Doris Gunnerman (“Gunnerman”), and the entities identified on the signature pages hereto, as buyers (each a “Buyer” and collectively “Buyers”).

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