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Exhibit
99.26
STOCK OPTION AGREEMENT
This Stock Option Agreement ("Stock Option
Agreement") is granted effective this day of April
2007 by Nexia Holdings, Inc. (the "Company") to Fredrick W.
Hunzeker, 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 Twenty Million (20,000,000), 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 Twenty Million (20,000,000) 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 paid within 10 days o
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