0001393905-12-000199 Sample Contracts

BLUE EARTH, INC. INCENTIVE STOCK OPTION AGREEMENT
Incentive Stock Option Agreement • April 27th, 2012 • Blue Earth, Inc. • Construction machinery & equip

This INCENTIVE STOCK OPTION AGREEMENT (the "Option Agreement"), dated as of the 1st day of January, 2011 (the "Grant Date"), is between Blue Earth, Inc., a Nevada 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 Blue Earth, Inc. 2009 Equity Incentive Plan (the "Plan").

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BLUE EARTH, INC. FORM OF NONQUALIFIED STOCK OPTION AGREEMENT
Nonqualified Stock Option Agreement • April 27th, 2012 • Blue Earth, Inc. • Construction machinery & equip • Nevada

This NONQUALIFIED STOCK OPTION AGREEMENT (the “Option Agreement”), dated as of the 14th of December 2010 (the “Grant Date”), is between Blue Earth, Inc., a Nevada corporation (the “Company”), and ____________________ (the “Optionee”), a director, officer or employee of, or consultant or advisor to, the Company or a Subsidiary of the Company (a “Related Corporation”), pursuant to the Blue Earth , Inc. 2009 Equity Incentive Plan (the “Plan”).

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