VERTEX ENERGY, INC. Stock Option AgreementStock Option Agreement • September 30th, 2013 • Vertex Energy Inc. • Refuse systems • Texas
VERTEX ENERGY, INC. (the “Company”), for value received, hereby agrees to issue common stock purchase options entitling [________________] (“Holder” or the “Option Holder”) to purchase an aggregate of [________________] shares of the Company’s common stock (“Common Stock”). Such option is evidenced by option certificates in the form attached hereto as Schedule 1a, Schedule 1b, Schedule 1c and Schedule 1d (such instrument being hereinafter referred to as an “Option,” and such Option and all instruments hereafter issued in replacement, substitution, combination or subdivision thereof being hereinafter collectively referred to as the “Option”). The Option is issued in consideration for services rendered and to be rendered to the Company and evidences the grant of the Option to the Holder by the Board of Directors of the Company on [________________] (the “Grant Date”) pursuant to and in connection with the Company’s 2013 Stock Incentive Plan. The number of shares of Common Stock purchasab
