0001144204-09-027643 Sample Contracts

CLEAR SKIES SOLAR, INC. FORM OF INCENTIVE STOCK OPTION AGREEMENT

Incentive Stock Option Agreement • May 15th, 2009 • Clear Skies Solar, Inc • Heating equipment, except electric & warm air furnaces • Delaware

• Contract Type
  Incentive Stock Option Agreement
• Filed
  May 15th, 2009
• Company
  Clear Skies Solar, Inc
• Industry
  Heating equipment, except electric & warm air furnaces
• Jurisdiction
  Delaware

This INCENTIVE STOCK OPTION AGREEMENT (the “Option Agreement”), dated as of the _____ day of ___________, 20__ (the “Grant Date”), is between Clear Skies Solar, Inc., a Delaware corporation (the “Company”), and _______________ (the “Optionee”), a key employee of the Company or of a Subsidiary of the Company (a “Related Corporation”), pursuant to the Clear Skies Solar, Inc. 2008 Equity Incentive Plan (the “Plan”).

CLEAR SKIES SOLAR, INC. NONQUALIFIED STOCK OPTION AGREEMENT

Nonqualified Stock Option Agreement • May 15th, 2009 • Clear Skies Solar, Inc • Heating equipment, except electric & warm air furnaces • Delaware

• Contract Type
  Nonqualified Stock Option Agreement
• Filed
  May 15th, 2009
• Company
  Clear Skies Solar, Inc
• Industry
  Heating equipment, except electric & warm air furnaces
• Jurisdiction
  Delaware

This NONQUALIFIED STOCK OPTION AGREEMENT (the “Option Agreement”), dated as of the ____ day of ___ 20__ (the “Grant Date”), is between Clear Skies Solar, Inc., a Delaware corporation (the “Company”), and _____________ (the “Optionee”), a director, officer or employees of, or consultant or advisor to, the Company or a Subsidiary of the Company (a “Related Corporation”), pursuant to the Clear Skies Solar, Inc. 2008 Equity Incentive Plan (the “Plan”).