0001144204-09-030908 Sample Contracts

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

Incentive Stock Option Agreement • June 4th, 2009 • Clear Skies Solar, Inc • Heating equipment, except electric & warm air furnaces • Delaware

• Contract Type
  Incentive Stock Option Agreement
• Filed
  June 4th, 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. 2009 Equity Incentive Plan (the “Plan”).

CLEAR SKIES SOLAR, INC. NONQUALIFIED STOCK OPTION AGREEMENT

Nonqualified Stock Option Agreement • June 4th, 2009 • Clear Skies Solar, Inc • Heating equipment, except electric & warm air furnaces • Delaware

• Contract Type
  Nonqualified Stock Option Agreement
• Filed
  June 4th, 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 consultant or advisor to the Company or a Subsidiary of the Company (a “Related Corporation”), pursuant to the Clear Skies Solar, Inc. 2009 Equity Incentive Plan (the “Plan”).