0001144204-13-055266 Sample Contracts

NONSTATUTORY STOCK OPTION AGREEMENT NON-EMPLOYEE DIRECTOR
Nonstatutory Stock Option Agreement Non-Employee Director • October 15th, 2013 • China Recycling Energy Corp • Services-business services, nec

This NONSTATUTORY STOCK OPTION AGREEMENT (this "Agreement"), made and entered into as of the 30th day of October, 2009, by and between Mr. Timothy Driscoll (the "Optionee") and China Recycling Energy Corporation, a Nevada corporation (the "Corporation"), sets forth the terms and conditions of the stock option (the “Option”) granted by the Corporation to the Optionee as to the number of shares of the Corporation’s Common Stock set forth below and its Board of Directors (“Board”) resolution approving this stock option grant dated October 30, 2009 (“Grant Date”).

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NONSTATUTORY STOCK OPTION AGREEMENT NON-EMPLOYEE DIRECTOR
Nonstatutory Stock Option Agreement • October 15th, 2013 • China Recycling Energy Corp • Services-business services, nec

This NONSTATUTORY STOCK OPTION AGREEMENT (this "Agreement"), made and entered into as of the 31st day of January, 2011, by and between Mr. Chungui Shi (the "Optionee") and China Recycling Energy Corporation, a Nevada corporation (the "Corporation"), sets forth the terms and conditions of the stock option (the “Option”) granted by the Corporation to the Optionee as to the number of shares of the Corporation’s Common Stock set forth below and its Board of Directors (“Board”) resolution approving this stock option grant dated October 7, 2010 (“Grant Date”).

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