Exhibit 11 REGENCY AFFILIATES, INC. STOCK OPTION AGREEMENT THIS STOCK OPTION AGREEMENT (this "Agreement") dated as of October 1, 2003 (the "Grant Date"), is between Regency Affiliates, Inc., a Delaware corporation (the "Company"), and Laurence S. Levy...Stock Option Agreement • October 3rd, 2003 • Royalty Holdings LLC • Motor vehicle parts & accessories • Delaware
Exhibit 12 REGENCY AFFILIATES, INC. STOCK OPTION AGREEMENT THIS STOCK OPTION AGREEMENT (this "Agreement") dated as of October 1, 2003 (the "Grant Date"), is between Regency Affiliates, Inc., a Delaware corporation (the "Company"), and Neil N. Hasson...Stock Option Agreement • October 3rd, 2003 • Royalty Holdings LLC • Motor vehicle parts & accessories • Delaware
