ContractNonstatutory Stock Option Agreement • December 23rd, 2010 • New Energy Technologies, Inc. • Industrial organic chemicals • Nevada
THIS NONSTATUTORY STOCK OPTION AGREEMENT (“Agreement”) is made and entered into as of December 17, 2010, by and between New Energy Technologies, Inc. a Nevada corporation (the “Company”), and Andrew Farago (“Recipient”):
New Energy Technologies, Inc. Columbia, MD 21045 Telephone: (800) 213-0689 • Facsimile (240) 390-0603Nonstatutory Stock Option Agreement • December 23rd, 2010 • New Energy Technologies, Inc. • Industrial organic chemicals • New York
This letter (the “Agreement”) sets forth the terms and conditions of your at-will employment by New Energy Technologies, Inc. (the “Company”). For the purposes of this Agreement, capitalized terms used but not otherwise defined in this Agreement shall have the meanings ascribed thereto in Paragraph 21 hereof.
