ALLEGRO BIODIESEL CORPORATION STOCK OPTION AGREEMENT PURSUANT TO 2006 INCENTIVE COMPENSATION PLAN (As amended and restated effective September 20, 2006)Security Agreement • December 27th, 2006 • Allegro Biodiesel Corp • Electromedical & electrotherapeutic apparatus • Delaware
Ocean Park Advisors, LLC (the “Optionee”) is hereby granted an option (the “Option”) to purchase shares of the Common Stock of Allegro Biodiesel Corporation, a Delaware corporation (the “Company”) pursuant to this Stock Option Agreement (this “Agreement”) and the Company’s 2006 Incentive Compensation Plan (as amended, the “Plan”), the provisions of which are incorporated herein by reference. The Option is amended and restated as set forth herein (i) to reflect the assumption by the Company of the Option previously granted by Diametrics Medical, Inc. (“Diametrics”), pursuant to the merger of Diametrics into the Company, and (ii) to restrict the period during which the Option may be exercised, in accordance with Section 409A of the Code.
