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Exhibit
99.14
STOCK OPTION AGREEMENT
This Stock Option Agreement ("Stock Option
Agreement") is granted effective this 22 nd day of
February, 2007 by Nexia Holdings, Inc. (the "Company") to Logan C.
Fast, an employee of the Company ("Optionee") and a Utah
resident.
PREMISES
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A.
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The Company has received valuable services from
Optionee in the past and desires to compensate Optionee for these
services by issuing Optionee an option (the "Option") to purchase a
total of Ten Million (10,000,000), shares of the Company's common
stock, par value $0.0001, the options will have a floating option
price set at 75% of the market price at the time of exercise, the
options and shares issued subject to the options shall be issued
pursuant to a registration statement on Form S-8 under the
Securities Act of 1933 as amended ("Form S-8").
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GRANT
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1.
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Grant of Options. The Company hereby
grants Optionee the right and option ("Option") to purchase the
above described Ten Million (10,000,000) shares of Common Stock, on
the terms and conditions set forth herein and subject to the
provisions of the Form S-8 registration statement in exchange for
services provided by Employee to the Company, the options shall
vest immediately upon the exercise hereof.
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2.
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Term of Option . This Option may be
exercised, in whole or in part, at any time but before one hundred
and eighty days have elapsed from the date of this Option. All
shares issued pursuant to the terms of this option agreement must
be paid for in full or returned to the Company for cancellation
upon the expiration date stated herein. All rights to exercise this
option end with the termination of employment with the Company, for
any reason and by any party.
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3.
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Method of Exercising . This Option may
be exercised in accordance with all the terms and conditions set
forth
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