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STOCK OPTION AGREEMENT

Stock Option Agreement

STOCK OPTION AGREEMENT | Document Parties: Nexia Holdings, Inc You are currently viewing:
This Stock Option Agreement involves

Nexia Holdings, Inc

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Title: STOCK OPTION AGREEMENT
Date: 4/19/2007
Industry: Business Services     Sector: Services

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Exhibit 99.16

 

STOCK OPTION   AGREEMENT

 

This Stock Option Agreement ("Stock Option Agreement") is granted effective this 20 th day of March, 2007 by Nexia Holdings, Inc. (the "Company") to Andrew Dunham, a consultant and 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 Forty Million (40,000,000), shares of the Company's common stock.. The options will have a floating option price set at 75% of the market price at the time of exercise. The 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 Forty Million (40,000,000) 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 Consultant 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 prior to one year from the grant date of this Option. 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 conditions set forth in this Option and the Stock Option Plan, by delivery of a notice of exercise a form of which is attached hereto as Exhibit "A" and incorporated herein by this reference, setting forth the number of Options along with a signed letter indicating that the specified exercise price shall be paid within 10 da


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