EXHIBIT 10.11 NEAH POWER SYSTEMS, INC. LONG TERM INCENTIVE COMPENSATION PLAN STOCK OPTION AGREEMENT (INCENTIVE AND NONSTATUTORY STOCK OPTIONS) Pursuant to your Stock Option Grant Notice ("Grant Notice") and this Stock Option Agreement, Neah Power...Neah Power Systems, Inc. • July 27th, 2006 • Miscellaneous electrical machinery, equipment & supplies
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