0001144204-08-057652 Sample Contracts

XETHANOL CORPORATION STOCK OPTION AGREEMENT
Stock Option Agreement • October 14th, 2008 • Xethanol Corp • Structural clay products • Georgia

THIS STOCK OPTION AGREEMENT (this “Agreement”) is entered into as of this 9th day of October 2008 by and between Xethanol Corporation, a Delaware corporation (the “Company”), and ______________________________ (the “Optionee”). Capitalized terms not defined in this Agreement have the meanings given in the Xethanol Corporation 2005 Incentive Compensation Plan, as amended effective February 12, 2008 (the “Plan”).

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XETHANOL CORPORATION RESTRICTED STOCK AGREEMENT
Restricted Stock Agreement • October 14th, 2008 • Xethanol Corp • Structural clay products • Georgia

THIS RESTRICTED STOCK AGREEMENT (this “Agreement”) is entered into as of this 9th day of October 2008 by and between Xethanol Corporation, a Delaware corporation (the “Company”), and _________________________ (the “Grantee”). Capitalized terms not defined in this Agreement have the meanings given in the Xethanol Corporation 2005 Incentive Compensation Plan, as amended effective February 12, 2008 (the “Plan”).

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