0001199835-06-000493 Sample Contracts

STOCK OPTION AGREEMENT
Stock Option Agreement • July 11th, 2006 • Skye International, Inc • Retail-auto dealers & gasoline stations • Arizona
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AGREEMENT FOR CONSULTING SERVICES
For Consulting Services • July 11th, 2006 • Skye International, Inc • Retail-auto dealers & gasoline stations • Arizona

THIS AGREEMENT is made and entered into as of this 1st day of February, 2004, by and between DIGITAL CROSSING, LLC, (hereinafter referred to as “Consultant”) and TANKLESS SYSTEMS WORLDWIDE, INC., a Nevada corporation (“Company”).

FORM OF PROMISSORY NOTE ISSUED WITH RESPECT TO
Skye International, Inc • July 11th, 2006 • Retail-auto dealers & gasoline stations

FOR VALUE RECEIVED, Tankless Systems Worldwide, Inc., a Nevada corporation ("Borrower"), promises to pay ________________________, or his assignee, the principal sum of ___________________________ Dollars ($_____________), plus annual interest at the rate of ten percent (10%). Interest on this Promissory Note shall be due and payable on April __, 2004, July __, 2004, October __, 2004 and January __, 2005. This Promissory Note shall mature and the principal amount hereof shall be due and payable on [1 yr from date of issue] . Said principal and interest shall be payable at 14500 N. Northsight Boulevard, Suite 101, Scottsdale, Arizona 85260, or at such other place as the payee, or legal holder or owner (hereinafter referred to as the "Holder") of this Promissory Note may from time to time designate in writing.

EMPLOYMENT AGREEMENT
Employment Agreement • July 11th, 2006 • Skye International, Inc • Retail-auto dealers & gasoline stations • Arizona

This Employment Agreement (“Agreement”) is entered into this 20th day of May 2005, by and between Tankless Systems Worldwide, Inc., a Nevada corporation (the “Company”), and Eric C. Stebbins (“Employee”).

SEPARATION AGREEMENT
Separation Agreement • July 11th, 2006 • Skye International, Inc • Retail-auto dealers & gasoline stations • Arizona

This Separation Agreement (“Agreement”) is entered into this 20th day of May 2005, by and between Tankless Systems Worldwide, Inc., a Nevada corporation (the “Company”), and Michael D. Stebbins (“Employee”).

PERSONAL SERVICES CONSULTING AGREEMENT
Personal Services Consulting Agreement • July 11th, 2006 • Skye International, Inc • Retail-auto dealers & gasoline stations

TANKLESS SYSTEMS WORLDWIDE, INC., a body corporate duly incorporated pursuant to the laws of the State of Nevada, with principal offices in the City of Scottsdale, in the State of Arizona, together with all of its wholly owned subsidiaries from time to time operating (hereinafter, collectively referred to as the “Corporation”).

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