INCENTIVE STOCK OPTION AGREEMENT pursuant to the Plastic2Oil Inc.Incentive Stock Option Agreement • October 31st, 2016 • Plastic2Oil, Inc. • Wholesale-electrical appliances, tv & radio sets • New York
Contract Type FiledOctober 31st, 2016 Company Industry JurisdictionTHIS INCENTIVE STOCK OPTION AGREEMENT (this “Agreement”), dated as of the Grant Date specified above, is entered into by and between Plastic2Oil Inc. f/k/a JBI, Inc., a Nevada corporation (the “Company”), and the Optionee specified above, pursuant to the Plastic2Oil, Inc. f/k/a JBI, Inc. 2012 Long-Term Incentive Plan, as in effect and as amended from time to time (the “Plan”); and