50 of the Top 250 law firms use our Products every day
Exhibit 99.7
STOCK OPTION
AGREEMENT
This Stock Option Agreement ("Stock Option
Agreement") is granted effective this 17 th day of
January, 2007 by Nexia Holdings, Inc. (the "Company") to Ralph
Tatsuo Nagasawa, an employee of the Company ("Optionee") and a Utah
resident.
PREMISES
|
|
A.
|
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 One Hundred Fifty
Million (150,000,000), 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").
|
GRANT
|
|
1.
|
Grant of
Options. The Company
hereby grants Optionee the right and option ("Option") to purchase
the above described One Hundred Fifty Million (150,000,000) 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.
|
|
|
2.
|
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.
|
|
|
3.
|
Method of
Exercising . This Option
may be exercised in accordance with all the terms and
condi
|
|
