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Exhibit
99.19
STOCK OPTION
AGREEMENT
This Stock Option Agreement ("Stock Option
Agreement") is granted effective this 2nd day of April 2007 by
Nexia Holdings, Inc. (the "Company") to Robert Stevens an employee
rights specialist employed by 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 Nineteen Million
(19,000,000), 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 Nineteen Million (19,000,000) 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 within 1 year from
the grant date above. 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 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
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