Page 1 of 4 REGENCY AFFILIATES, INC. STOCK OPTION AGREEMENT THIS STOCK OPTION AGREEMENT (this "Agreement") dated as of June 14, 2005 (the "Grant Date"), is between Regency Affiliates, Inc., a Delaware corporation (the "Company"), and Laurence Levy...Stock Option Agreement • June 24th, 2005 • Royalty Holdings LLC • Motor vehicle parts & accessories • Delaware
