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Exhibit 4.1    
    

[FACE
OF CERTIFICATE CLEAN ENERGY FUELS CORP.] 

CEF 

[LOGO] 

COMMON
STOCK 

COMMON
STOCK 

CLEAN
ENERGY FUELS CORP. 

INCORPORATED
UNDER THE LAWS OF THE STATE OF DELAWARE 

CUSIP
184499 10 1 

SEE
REVERSE FOR CERTAIN DEFINITIONS 

THIS
CERTIFIES THAT

is the record holder of 

FULLY
PAID AND NON-ASSESSABLE SHARES OF COMMON STOCK, $0.0001 PAR VALUE PER SHARE, OF 

CLEAN
ENERGY FUELS CORP. 

Transferable
on the books of the Corporation in person or by duly authorized attorney upon surrender of this Certificate properly endorsed. This Certificate is not valid until countersigned by the
Transfer Agent and registered by the Registrar. Witness the facsimile seal of the Corporation and the facsimile signatures of its duly authorized officers. 

COUNTERSIGNED
AND REGISTERED: U.S. STOCK TRANSFER CORPORATION TRANSFER AGENT AND REGISTRAR BY: AUTHORIZED SIGNATURE 

DATED: 

[SIGNATURE]

PRESIDENT 

[SEAL] 

[SIGNATURE]

SECRETARY 

[REVERSE
OF CERTIFICATE] 

CLEAN
ENERGY FUELS CORP. 

THE
CORPORATION WILL FURNISH WITHOUT CHARGE TO EACH STOCKHOLDER WHO SO REQUESTS THE POWERS, DESIGNATIONS, PREFERENCES AND RELATIVE, PARTICIPATING, OPTIONAL OR OTHER SPECIAL RIGHTS OF EACH CLASS OF
STOCK OR SERIES THEREOF AND THE QUALIFICATIONS, LIMITATIONS OR RESTRICTIONS OF
SUCH PREFERENCES AND/OR RIGHTS. ANY SUCH REQUEST SHOULD BE ADDRESSED TO THE SECRETARY OF THE CORPORATION AT ITS PRINCIPAL PLACE OF BUSINESS. 

The
following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out in full according to applicable laws or regulations: 

TEN
COM as tenants in common-

TEN ENT as tenants by the entireties-

JT TEN as joint tenants with right of survivorship and not as tenants in common 

UNIF
GIFT MIN
ACT-                        Custodian              
          

                                         
    (Cust)                             (Minor)

under Uniform Gifts to Minors

Act                        

          (State) 

UNIF
TRANS MIN
ACT-                        Custodian              
          

                                         
       (Cust)                             (Minor)

under Uniform Transfers to Minors

Act                        

          (State) 

Additional
abbreviations may also be used though not in the above list. 

For
value received,                         hereby sell, assign and transfer unto 

PLEASE
INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE 

Please
print or typewrite name and address including postal zip code of assignee 

Shares
of the Common Stock represented by the within Certificate, and do hereby irrevocably constitute and appoint 

Attorney
to transfer the said Shares on the books of the within-named Corporation with full power of substitution in the premises. 

Dated

NOTICE:
THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE CERTIFICATE, IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT, OR ANY CHANGE WHATEVER. 

THE
SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE
MEDALLION PROGRAM), PURSUANT TO S.E.C. RULE 17Ad-15. 

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Exhibit 10.2    
    

 
 

CLEAN ENERGY FUELS CORP.
  2006 EQUITY INCENTIVE PLAN    
    

1.    Purpose of the Plan.    The purpose of this Plan
is to encourage ownership in the Company by key personnel whose long-term service the Company considers essential to its continued progress and, thereby, encourage recipients to act in the
stockholders' interest and share in the Company's success. 

2.    Definitions.    As used herein, the following
definitions shall apply: 

        "Act"
shall mean the Securities Act of 1933, as amended. 

        "Administrator"
shall mean the Board, any Committees, or such delegates as shall be administering the Plan in accordance with Section 4 of the Plan. 

        "Affiliate"
shall mean any entity that is directly or indirectly in control of or controlled by the Company, or any entity in which the Company has a significant ownership interest as
determined by the Administrator. 

        "Applicable
Laws" shall mean the requirements relating to the administration of stock plans under federal and state laws; any stock exchange or quotation system on which the Company has
listed or submitted for quotation the Common Stock to the extent provided under the terms of the Company's agreement with such exchange or quotation system; and, with respect to Awards subject to the
laws of any foreign jurisdiction where Awards are, or will be, granted under the Plan, to the laws of such jurisdiction. 

        "Award"
shall mean, individually or collectively, a grant under the Plan of an Option, Stock Award, SAR, or Cash Award. 

        "Awardee"
shall mean a Service Provider who has been granted an Award under the Plan. 

        "Award
Agreement" shall mean an Option Agreement, Stock Award Agreement, SAR Agreement, or Cash Award Agreement, which may be in written or electronic format, in such form and with such
terms as may be specified by the Administrator, evidencing the terms and conditions of an individual Award. Each Award Agreement is subject to the terms and conditions of the Plan. 

        "Board"
shall mean the Board of Directors of the Company. 

        "Cash
Award" shall mean a bonus opportunity awarded under Section 13 pursuant to which a Participant may become entitled to receive an amount based on the satisfaction of such
performance criteria as are specified in the agreement or other documents evidencing the Award (the "Cash Award Agreement"). 

        "Change
in Control" shall mean any of the following, unless the Administrator provides otherwise: 

          (i)  any
merger or consolidation in which the Company shall not be the surviving entity (or survives only as a subsidiary of another entity whose stockholders did not own
all or substantially all of the Common Stock in substantially the same proportions as immediately before such transaction); 

         (ii)  the
sale of all or substantially all of the Company's assets to any other person or entity (other than a wholly-owned subsidiary of the Company); 

        (iii)  the
acquisition of beneficial ownership of a controlling interest (including power to vote) in the outstanding shares of Common Stock by any person or entity
(including a "group" as defined by or under Section 13(d)(3) of the Exchange Act); 

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        (iv)  the
dissolution or liquidation of the Company; 

         (v)  a
contested election of Directors, as a result of which or in connection with which the persons who were Directors before such election or their nominees cease to
constitute a majority of the Board; or 

        (vi)  any
other event specified, at the time an Award is granted or thereafter, by the Board or a Committee. 

Notwithstanding
the foregoing, the term "Change in Control" shall not include any underwritten public offering of Shares registered under the Act. 

        "Code"
shall mean the Internal Revenue Code of 1986, as amended. 

        "Committee"
shall mean a committee of Directors appointed by the Board in accordance with Section 4 of the Plan. 

        "Common
Stock" shall mean the common stock of the Company. 

        "Company"
shall mean Clean Energy Fuels Corp., a Delaware corporation, or its successor. 

        "Consultant"
shall mean any natural person, other than an Employee or Director, who performs bona fide services for the Company or an Affiliate as a consultant or advisor. 

        "Conversion
Award" has the meaning set forth in Section 4(b)(xii) of the Plan. 

        "Director"
shall mean a member of the Board. 

        "Disability"
shall mean permanent and total disability as defined in Section 22(e)(3) of the Code. 

        "Employee"
shall mean an employee of the Company or any Affiliate, and may include an Officer or Director. Within the limitations of Applicable Law, the Administrator shall have the
discretion to determine the effect upon an Award and upon an individual's status as an Employee in the case of (i) any individual who is classified by the Company or its Affiliate as leased
from or otherwise employed by a third party or as intermittent or temporary, even if any such classification is changed retroactively as a result of an audit, litigation or otherwise; (ii) any
leave of absence approved by the Company or an Affiliate; (iii) any transfer between locations of employment with the Company or an Affiliate or between the Company and any Affiliate or between
any Affiliates; (iv) any change in the Awardee's status from an employee to a Consultant or Director; and (v) an employee who, at the request of the Company or an Affiliate, becomes
employed by any partnership, joint venture, or corporation not meeting the requirements of an Affiliate in which the Company or an Affiliate is a party. 

        "Exchange
Act" shall mean the Securities Exchange Act of 1934, as amended. 

        "Fair
Market Value" shall mean, unless the Administrator determines otherwise, as of any date, the closing price for such Common Stock as of such date (or if no sales were reported on
such date, the closing price on the last preceding day for which a sale was reported), as reported in such source as the Administrator shall determine. 

        "Grant
Date" shall mean the date upon which an Award is granted to an Awardee pursuant to this Plan. 

        "Incentive
Stock Option" shall mean an Option intended to qualify as an incentive stock option within the meaning of Section 422 of the Code. 

        "Nonstatutory
Stock Option" shall mean an Option not intended to qualify as an Incentive Stock Option. 

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        "Officer"
shall mean a person who is an officer of the Company within the meaning of Section 16 of the Exchange Act. 

        "Option"
shall mean a right granted under Section 8 of the Plan to purchase a certain number of Shares at such exercise price, at such times, and on such other terms and
conditions as are specified in the agreement or other documents evidencing the Award (the "Option Agreement"). Both Options intended to qualify as Incentive Stock Options and Nonstatutory Stock
Options may be granted under the Plan. 

        "Participant"
shall mean the Awardee or any person (including any estate) to whom an Award has been assigned or transferred as permitted hereunder. 

        "Plan"
shall mean this Clean Energy Fuels Corp. 2006 Equity Incentive Plan. 

        "Prior
Plan" shall mean the Company's 2002 Stock Option Plan authorizing up to 5,750,000 Shares for issuance pursuant to stock options. 

        "Qualifying
Performance Criteria" shall have the meaning set forth in Section 14(b) of the Plan. 

        "Related
Corporation" shall mean any parent or subsidiary (as those terms are defined in Section 424(e) and (f) of the Code) of the Company. 

        "Service
Provider" shall mean an Employee, Officer, Director, or Consultant. 

        "Share"
shall mean a share of the Common Stock, as adjusted in accordance with Section 15 of the Plan. 

        "Stock
Award" shall mean an award or issuance of Shares or Stock Units made under Section 11 of the Plan, the grant, issuance, retention, vesting, and transferability of which is
subject during specified periods to such conditions (including continued service or performance conditions) and terms as are expressed in the agreement or other documents evidencing the Award (the
"Stock Award Agreement"). 

        "Stock
Appreciation Right" or "SAR" shall mean an Award, granted alone or in connection with an Option, that pursuant to Section 12 of the Plan is designated as a SAR. The terms
of the SAR are expressed in the agreement or other documents evidencing the Award (the "SAR Agreement"). 

        "Stock
Unit" shall mean a bookkeeping entry representing an amount equivalent to the fair market value of one Share, payable in cash, property or Shares. Stock Units represent an
unfunded and unsecured obligation of the Company, except as otherwise provided for by the Administrator. 

        "Ten-Percent
Stockholder" shall mean the owner of stock (as determined under Section 424(d) of the Code) possessing more than 10% of the total combined voting power of
all classes of stock of the Company (or any Related Corporation). 

        "Termination
Date" shall mean the date of a Participant's Termination of Service, as determined by the Administrator in its sole discretion. 

        "Termination
of Service" shall mean ceasing to be a Service Provider. However, for Incentive Stock Option purposes, Termination of Service will occur when the Awardee ceases to be an
employee (as determined in accordance with Section 3401(c) of the Code and the regulations promulgated thereunder) of the Company or one of its Related Corporations. The Administrator shall
determine whether any corporate transaction, such as a sale or spin-off of a division or business unit, or a joint venture, shall be deemed to result in a Termination of Service. 

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3.    Stock Subject to the Plan.    

        (a)    Aggregate Limits.    

        (i)    Basic Limitation.    The maximum aggregate number of Shares that may be issued
under the Plan through Awards shall be 6,390,500 plus the additional Shares described in Subsections (ii) and (iii). The initial number in the preceding sentence shall consist of (A) the
number of Shares available for issuance, as of the effective date of the Plan, under the Prior Plan; plus (B) those Shares that are issuable upon exercise of options granted pursuant to the
Prior Plan that expire or become unexercisable for any reason without having been exercised in full after the effective date of the Plan; plus (C) an additional increase of 1,000,000 Shares to
be approved by the Company's stockholders on the effective date of the Plan. Notwithstanding the foregoing, the maximum aggregate number of Shares that may be issued under the Plan through Incentive
Stock Options is 6,390,500 Shares. The
limitations of this Section 3(a)(i) shall be subject to the adjustments provided for in Section 15 of the Plan. 

        (ii)    Annual Increase in Shares.    As of the first day of each Company fiscal year
beginning in fiscal year 2007, the maximum aggregate number of Shares that may be issued under the Plan through Awards, and the maximum aggregate number of Shares that may be issued under the Plan
through Incentive Stock Options, shall each increase by a number equal to the lesser of (A) 15% of the total number of Shares then outstanding, (B) 1,000,000 Shares, or (C) an
amount determined by the Board. 

        (iii)    Additional Shares.    Upon payment in Shares pursuant to the exercise of an
Award, the number of Shares available for issuance under the Plan shall be reduced only by the number of Shares actually issued in such payment. If any outstanding Award expires or is terminated or
canceled without having been exercised or settled in full, or if Shares acquired pursuant to an Award subject to forfeiture or repurchase are forfeited or repurchased by the Company, the Shares
allocable to the terminated portion of such Award or such forfeited or repurchased Shares shall again be available to grant under the Plan. Notwithstanding the foregoing, the aggregate number of
Shares that may be issued under the Plan upon the exercise of Incentive Stock Options shall not be increased for restricted Shares that are forfeited or repurchased. Notwithstanding anything in the
Plan or any Award Agreement to the contrary, Shares attributable to Awards transferred under any Award transfer program shall not be again available for grant under the Plan. The Shares subject to the
Plan may be either Shares reacquired by the Company, including Shares purchased in the open market, or authorized but unissued Shares. 

        (b)    Code Section 162(m) Limit.    Subject to the provisions of
Section 15 of the Plan, the aggregate number of Shares subject to Awards granted under this Plan during any calendar year to any one Awardee shall not exceed 2,000,000, except that in
connection with his or her initial service, an Awardee may be granted Awards covering up to an additional 2,000,000 Shares. Notwithstanding anything to the contrary in the Plan, the limitations set
forth in this Section 3(b) shall be subject to adjustment under Section 15 of the Plan only to the extent that such adjustment will not affect the status of any Award intended to qualify
as "performance-based compensation" under Code Section 162(m). 

4.    Administration of the Plan.    

        (a)    Procedure.    

        (i)    Multiple Administrative Bodies.    The Plan shall be administered by the Board or
one or more Committees, including such delegates as may be appointed under paragraph (a)(iv) of this Section 4. 

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        (ii)    Section 162(m).    To the extent that the Administrator determines it to
be desirable to qualify Awards granted hereunder as "performance-based compensation" within the meaning of Section 162(m) of the Code, Awards to "covered employees" within the meaning of
Section 162(m) of the Code or Employees that the Committee determines may be "covered employees" in the future shall be made by a Committee of two or more "outside directors" within the meaning
of Section 162(m) of the Code. 

        (iii)    Rule 16b-3.    To the extent desirable to qualify
transactions hereunder as exempt under Rule 16b-3 promulgated under the Exchange Act ("Rule 16b-3"), Awards to Officers and Directors shall be made in such a
manner to satisfy the requirement for exemption under Rule 16b-3. 

        (iv)    Other Administration.    The Board or a Committee may delegate to an authorized
Officer or Officers of the Company the power to approve Awards to persons eligible to receive Awards under the Plan who are not (A) subject to Section 16 of the Exchange Act; or
(B) at the time of such approval, "covered employees" under Section 162(m) of the Code. 

        (v)    Delegation of Authority for the Day-to-Day Administration of the
Plan.    Except to the extent prohibited by Applicable Law, the Administrator may delegate to one or more individuals the day-to-day administration of
the Plan and any of the functions assigned to it in this Plan. Such delegation may be revoked at any time. 

        (b)    Powers of the Administrator.    Subject to the provisions of the Plan and, in the
case of a Committee or delegates acting as the Administrator, subject to the specific duties delegated to such Committee or delegates, the Administrator shall have the authority, in its sole
discretion: 

          (i)  to
select the Service Providers of the Company or its Affiliates to whom Awards are to be granted hereunder; 

         (ii)  to
determine the number of shares of Common Stock to be covered by each Award granted hereunder; 

        (iii)  to
determine the type of Award to be granted to the selected Service Provider; 

        (iv)  to
approve the forms of Award Agreements for use under the Plan; 

         (v)  to
determine the terms and conditions, consistent with the terms of the Plan, of any Award granted hereunder. Such terms and conditions include the exercise or purchase
price, the time or times when an Award may be exercised (which may or may not be based on performance criteria), the vesting schedule, any vesting or exercisability acceleration or waiver of
forfeiture restrictions, the acceptable forms of consideration, the term, and any restriction or limitation regarding any Award or the Shares relating thereto, based in each case on such factors as
the Administrator, in its sole discretion, shall determine and may be established at the time an Award is granted or thereafter; 

        (vi)  to
correct administrative errors; 

       (vii)  to
construe and interpret the terms of the Plan (including sub-plans and Plan addenda) and Awards granted pursuant to the Plan; 

      (viii)  to
adopt rules and procedures relating to the operation and administration of the Plan to accommodate the specific requirements of local laws and procedures. Without
limiting the generality of the foregoing, the Administrator is specifically authorized (A) to adopt the rules and procedures regarding the conversion of local currency, withholding procedures,
and handling of stock certificates that vary with local requirements; and (B) to adopt sub-plans and Plan addenda as the Administrator deems desirable, to accommodate foreign laws,
regulations and practice; 

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        (ix)  to
prescribe, amend and rescind rules and regulations relating to the Plan, including rules and regulations relating to sub-plans and Plan addenda; 

         (x)  to
modify or amend each Award, including the acceleration of vesting, exercisability, or both; provided, however, that any modification or amendment of an Award is
subject to Section 16 of the Plan and may not materially impair any outstanding Award unless agreed to by the Participant; 

        (xi)  to
allow Participants to satisfy withholding tax amounts by electing to have the Company withhold from the Shares to be issued pursuant to an Award that number of
Shares having a Fair Market Value equal to the amount required to be withheld. The Fair Market Value of the Shares to be withheld shall be determined in such manner and on such date that the
Administrator shall determine or, in the absence of provision otherwise, on the date that the amount of tax to be withheld is to be determined. All elections by a Participant to have Shares withheld
for this purpose shall be made in such form and under such conditions as the Administrator may provide; 

       (xii)  to
authorize conversion or substitution under the Plan of any or all stock options, stock appreciation rights, or other stock awards held by service providers of an
entity acquired by the Company (the "Conversion Awards"). Any conversion or substitution shall be effective as of the close of the merger or acquisition. The Conversion Awards may be Nonstatutory
Stock Options or Incentive Stock Options, as determined by the Administrator, with respect to options granted by the acquired entity. Unless otherwise determined by the Administrator at the time of
conversion or substitution, all Conversion Awards shall have the same terms and conditions as Awards generally granted by the Company under the Plan; 

      (xiii)  to
authorize any person to execute on behalf of the Company any instrument required to effect the grant of an Award previously granted by the Administrator; 

      (xiv)  to
determine whether Awards will be settled in Shares, cash, or in any combination thereof; 

       (xv)  to
determine whether to provide for the right to receive dividends or dividend equivalents; 

      (xvi)  to
establish a program whereby Service Providers designated by the Administrator can reduce compensation otherwise payable in cash in exchange for Awards under the
Plan; 

     (xvii)  to
impose such restrictions, conditions, or limitations as it determines appropriate as to the timing and manner of any resales by a Participant or other subsequent
transfers by the Participant of any Shares issued as a result of or under an Award, including (A) restrictions under an insider trading policy, and (B) restrictions as to the use of a
specified brokerage firm for such resales or other transfers; 

    (xviii)  to
provide, either at the time an Award is granted or by subsequent action, that an Award shall contain as a term thereof, a right, either in tandem with the other
rights under the Award or as an alternative thereto, of the Participant to receive, without payment to the Company, a number of Shares, cash, or a combination of both, the amount of which is
determined by reference to the value of the Award; and 

      (xix)  to
make all other determinations deemed necessary or advisable for administering the Plan and any Award granted hereunder. 

        (c)    Effect of Administrator's Decision.    All decisions, determinations and
interpretations by the Administrator regarding the Plan, any rules and regulations under the Plan and the terms and conditions of any Award granted hereunder, shall be final and binding on all
Participants. The Administrator shall consider such factors as it deems relevant, in its sole and absolute discretion, to 

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making
such decisions, determinations and interpretations, including the recommendations or advice of any officer or other employee of the Company and such attorneys, consultants and accountants as it
may select. 

5.    Eligibility.    Awards may be granted to Service
Providers of the Company or any of its Affiliates. 

6.    Effective Date and Term of the Plan.    The Plan
shall be effective as of the effective date of the registration statement for the Company's initial public offering, provided that the Company's stockholders have approved the Plan before such date.
Unless terminated pursuant to Section 16, the Plan shall continue in effect until the tenth anniversary of the earlier of (i) the date of the Plan's approval by the Board, or
(ii) the date of the Plan's approval by the Company's stockholders. 

7.    Term of Award.    The term of each Award shall be
determined by the Administrator and stated in the Award Agreement. In the case of an Option, the term shall be ten years from the Grant Date or such shorter term as may be provided in the Award
Agreement. 

8.    Options.    The Administrator may grant an Option
or provide for the grant of an Option, from time to time in the discretion of the Administrator or automatically upon the occurrence of specified events, including the achievement of performance
goals, and for the satisfaction of an event or condition within the control of the Awardee or within the control of others. 

        (a)    Option Agreement.    Each Option Agreement shall contain provisions regarding
(i) the number of Shares that may be issued upon exercise of the Option; (ii) the type of Option; (iii) the exercise price of the Shares and the means of payment for the Shares;
(iv) the term of the Option; (v) such terms and conditions on the vesting or exercisability of an Option, or both, as may be determined from time to time by the Administrator;
(vi) restrictions on the transfer of the Option and forfeiture provisions; and (vii) such further terms and conditions, in each case not inconsistent with this Plan, as may be determined
from time to time by the Administrator. 

        (b)    Exercise Price.    The per share exercise price for the Shares to be issued
pursuant to exercise of an Option shall be determined by the Administrator, subject to the following: 

          (i)  In
the case of an Incentive Stock Option, the per Share exercise price shall be no less than 100% of the Fair Market Value per Share on the Grant Date. Notwithstanding
the foregoing, if any Incentive Stock Option is granted to a Ten-Percent Stockholder, then the exercise price shall not be less than 110% of the Fair Market Value of a share of Common
Stock on the Grant Date. 

         (ii)  In
the case of a Nonstatutory Stock Option, the per Share exercise price shall be no less than 100% of the Fair Market Value per Share on the Grant Date. The per Share
exercise price may also vary according to a predetermined formula; provided, that the exercise price never falls below 100% of the Fair Market Value per Share on the Grant Date. 

        (iii)  Notwithstanding
the foregoing, at the Administrator's discretion, Conversion Awards may be granted in substitution or conversion of options of an acquired entity, with
a per Share exercise price of less than 100% of the Fair Market Value per Share on the date of such substitution or conversion. 

        (c)    Vesting Period and Exercise Dates.    Options granted under this Plan shall vest,
be exercisable, or both, at such times and in such installments during the Option's term as determined by the Administrator. The Administrator shall have the right to make the timing of the ability to
exercise any Option granted under this Plan subject to continued service, the passage of time, or such performance requirements as deemed appropriate by the Administrator. At any time after the grant
of an Option, the Administrator may reduce or eliminate any restrictions surrounding any Participant's right to exercise all or part of the Option. 

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        (d)    Form of Consideration.    The Administrator shall determine the acceptable form of
consideration for exercising an Option, including the method of payment, either through the terms of the Option Agreement or at the time of exercise of an Option. The consideration, determined by the
Administrator (or pursuant to authority expressly delegated by the Board, a Committee, or other person), and in the form and amount required by applicable law, shall be actually received before
issuing any Shares pursuant to the Plan; which consideration shall have a value, as determined by the Board, not less than the par value of such Shares. Acceptable forms of consideration may include: 

          (i)  cash;

         (ii)  check
or wire transfer; 

        (iii)  subject
to any conditions or limitations established by the Administrator, other Shares that have a Fair Market Value on the date of surrender or attestation that does
not exceed the aggregate exercise price of the Shares as to which said Option shall be exercised; 

        (iv)  consideration
received by the Company under a broker-assisted sale and remittance program acceptable to the Administrator to the extent that this procedure would not
violate Section 402 of the Sarbanes-Oxley Act of 2002, as amended; 

         (v)  subject
to any conditions or limitations established by the Administrator, the Company's retention of so many of the Shares that would otherwise have been delivered upon
exercise of the Option as have a Fair Market Value on the exercise date not exceeding the aggregate exercise price of all Shares as to which the Option is being exercised, provided that the Option is
surrendered and cancelled as to such Shares; 

        (vi)  such
other consideration and method of payment for the issuance of Shares to the extent permitted by Applicable Laws; or 

       (vii)  any
combination of the foregoing methods of payment. 

9.    Incentive Stock Option Limitations.    

        (a)    Eligibility.    Only employees (as determined in accordance with
Section 3401(c) of the Code and the regulations promulgated thereunder) of the Company or any of its Related Corporations may be granted Incentive Stock Options. 

        (b)    $100,000 Limitation.    Notwithstanding the designation "Incentive Stock Option"
in an Option Agreement, if the aggregate Fair Market Value of the Shares with respect to which Incentive Stock Options are exercisable for the first time by the Awardee during any calendar year (under
all plans of the Company and any of its Related Corporations) exceeds $100,000, then the portion of such Options that exceeds $100,000 shall be treated as Nonstatutory Stock Options. An Incentive
Stock Option is considered to be first exercisable during a calendar year if the Incentive Stock Option will become exercisable at any time during the year, assuming that any condition on the
Awardee's ability to exercise the Incentive Stock Option related to the performance of services is satisfied. If the Awardee's ability to exercise the Incentive Stock Option in the year is subject to
an acceleration provision, then the Incentive Stock Option is considered first exercisable in the calendar year in which the acceleration provision is triggered. For purposes of this
Section 9(b), Incentive Stock Options shall be taken into account in the order in which they were granted. However, because an acceleration provision is not taken into account before its
triggering, an Incentive Stock Option that becomes exercisable for the first time during a calendar year by operation of such provision does not affect the application of the $100,000 limitation with
respect to any Incentive Stock Option (or portion thereof) exercised before such acceleration. The Fair Market Value of the Shares shall be determined as of the Grant Date. 

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        (c)    Leave of Absence.    For purposes of Incentive Stock Options, no leave of absence
may exceed three months, unless the right to reemployment upon expiration of such leave is provided by statute or contract. If the period of leave exceeds three months and the Awardee's right to
reemployment is not provided by statute or contract, the Awardee's employment with the Company shall be deemed to terminate on the first day immediately following such three-month period, and any
Incentive Stock Option granted to the Awardee shall cease to be treated as an Incentive Stock Option and shall terminate upon the expiration of the three-month period starting on the date the
employment relationship is deemed terminated. 

        (d)    Transferability.    The Option Agreement must provide that an Incentive Stock
Option cannot be transferable by the Awardee otherwise than by will or the laws of descent and distribution, and, during the lifetime of such Awardee, must not be exercisable by any other person.
Notwithstanding the foregoing, the Administrator, in its sole discretion, may allow the Awardee to transfer his or her Incentive Stock Option to a trust where under Section 671 of the Code and
other Applicable Law, the Awardee is considered the sole beneficial owner of the Option while it is held in the trust. If the terms of an Incentive Stock Option are amended to permit transferability,
the Option will be treated for tax purposes as a Nonstatutory Stock Option. 

        (e)    Exercise Price.    The per Share exercise price of an Incentive Stock Option shall
be determined by the Administrator in accordance with Section 8(b)(i) of the Plan. 

        (f)    Ten-Percent Stockholder.    If any Incentive Stock Option is granted
to a Ten-Percent Stockholder, then the Option term shall not exceed five years measured from the date of grant of such Option. 

        (g)    Other Terms.    Option Agreements evidencing Incentive Stock Options shall contain
such other terms and conditions as may be necessary to qualify as Incentive Stock Options, to the extent determined desirable by the Administrator, under the applicable provisions of
Section 422 of the Code. 

10.    Exercise of Option.    

        (a)    Procedure for Exercise; Rights as a Stockholder.    

          (i)  Any
Option granted hereunder shall be exercisable according to the terms of the Plan and at such times and under such conditions as determined by the Administrator and
set forth in the respective Award Agreement. 

         (ii)  An
Option shall be deemed exercised when the Company receives (A) written or electronic notice of exercise (in accordance with the Award Agreement) from the
person entitled to exercise the Option; (B) full payment for the Shares with respect to which the related Option is exercised; and (C) with respect to Nonstatutory Stock Options, payment
of all applicable withholding taxes. 

        (iii)  Shares
issued upon exercise of an Option shall be issued in the name of the Participant or, if requested by the Participant, in the name of the Participant and his or
her spouse. Unless provided otherwise by the Administrator or pursuant to this Plan, until the Shares are issued (as evidenced by the appropriate entry on the books of the Company or of a duly
authorized transfer agent of the Company), no right to vote or receive dividends or any other rights as a stockholder shall exist with respect to the Shares subject to an Option, notwithstanding the
exercise of the Option. 

        (iv)  The
Company shall issue (or cause to be issued) such Shares as soon as administratively practicable after the Option is exercised. An Option may not be exercised for a
fraction of a Share. 

9

 

        (b)    Effect of Termination of Service on Options.    

        (i)    Generally.    Unless otherwise provided for by the Administrator, if a Participant
ceases to be a Service Provider, other than upon the Participant's death or Disability, the Participant may exercise his or her
Option within such period as is specified in the Award Agreement to the extent that the Option is vested on the Termination Date (but in no event later than the expiration of the term of such Option
as set forth in the Award Agreement). In the absence of a specified time in the Award Agreement, the vested portion of the Option will remain exercisable for three months following the Participant's
Termination Date. Unless otherwise provided by the Administrator, if on the Termination Date the Participant is not vested as to his or her entire Option, the Shares covered by the unvested portion of
the Option will automatically revert to the Plan. If after the Termination of Service the Participant does not exercise his or her Option within the time specified by the Administrator, the Option
will automatically terminate, and the Shares covered by such Option will revert to the Plan. 

        (ii)    Disability of Awardee.    Unless otherwise provided for by the Administrator, if
a Participant ceases to be a Service Provider as a result of the Participant's Disability, the Participant may exercise his or her Option within such period as is specified in the Award Agreement to
the extent the Option is vested on the Termination Date (but in no event later than the expiration of the term of such Option as set forth in the Award Agreement). In the absence of a specified time
in the Award Agreement, the Option will remain exercisable for twelve months following the Participant's Termination Date. Unless otherwise provided by the Administrator, if at the time of Disability
the Participant is not vested as to his or her entire Option, the Shares covered by the unvested portion of the Option will automatically revert to the Plan. If the Option is not so exercised within
the time specified herein, the Option will terminate, and the Shares covered by such Option will automatically revert to the Plan. 

        (iii)    Death of Awardee.    Unless otherwise provided for by the Administrator, if a
Participant dies while a Service Provider, the Option may be exercised following the Participant's death within such period as is specified in the Award Agreement to the extent that the Option is
vested on the date of death (but in no event may the Option be exercised later than the expiration of the term of such Option as set forth in the Award Agreement), by the Participant's designated
beneficiary, provided such beneficiary has been designated before the Participant's death in a form acceptable to the Administrator. If no such beneficiary has been designated by the Participant, then
such Option may be exercised by the personal representative of the Participant's estate or by the person or persons to whom the Option is transferred pursuant to the Participant's will or in
accordance with the laws of descent and distribution. In the absence of a specified time in the Award Agreement, the Option will remain exercisable for twelve months following Participant's death.
Unless otherwise provided by the Administrator, if at the time of death Participant is not vested as to his or her entire Option, the Shares covered by the unvested portion of the Option will revert
to the Plan. If the Option is not so exercised within the time specified herein, the Option will terminate, and the Shares covered by such Option will revert to the Plan. 

11.    Stock Awards.    

        (a)    Stock Award Agreement.    Each Stock Award Agreement shall contain provisions
regarding (i) the number of Shares subject to such Stock Award or a formula for determining such number; (ii) the purchase price, if any, of the Shares, and the means of payment for the
Shares; (iii) the performance criteria, if any, and level of achievement versus these criteria that shall determine the number of Shares granted, issued, retained, or vested, as applicable;
(iv) such terms and conditions on the grant, issuance, vesting, or forfeiture of the Shares, as applicable, as may be determined from time to time by the Administrator; (v) restrictions
on the transferability of the Stock Award; and (vi) such 

10

 

further
terms and conditions in each case not inconsistent with this Plan as may be determined from time to time by the Administrator. 

        (b)    Restrictions and Performance Criteria.    The grant, issuance, retention, and
vesting of each Stock Award may be subject to such performance criteria and level of achievement versus these criteria as the Administrator shall determine, which criteria may be based on financial
performance, personal performance evaluations, or completion of service by the Awardee. 

        Notwithstanding
anything to the contrary herein, the performance criteria for any Stock Award that is intended to satisfy the requirements for "performance-based compensation" under
Section 162(m) of the Code shall be established by the Administrator based on one or more Qualifying Performance Criteria selected by the Administrator and specified in writing. 

        (c)    Forfeiture.    Unless otherwise provided for by the Administrator, upon the
Awardee's Termination of Service, the unvested Stock Award and the Shares subject thereto shall be forfeited, provided that to the extent that the Participant purchased any Shares pursuant to such
Stock Award, the Company shall have a right to repurchase the unvested portion of such Shares at the original price paid by the Participant. 

        (d)    Rights as a Stockholder.    Unless otherwise provided by the Administrator, the
Participant shall have the rights equivalent to those of a stockholder and shall be a stockholder only after Shares are issued (as evidenced by the appropriate entry on the books of the Company or of
a duly authorized transfer agent of the Company) to the Participant. Unless otherwise provided by the Administrator, a Participant holding Stock Units shall be entitled to receive dividend payments as
if he or she were an actual stockholder. 

12.    Stock Appreciation Rights.    Subject to the
terms and conditions of the Plan, a SAR may be granted to a Service Provider at any time and from time to time as determined by the Administrator in its sole discretion. 

        (a)    Number of SARs.    The Administrator shall have complete discretion to determine
the number of SARs granted to any Service Provider. 

        (b)    Exercise Price and Other Terms.    The per SAR exercise price shall be no less
than 100% of the Fair Market Value per Share on the Grant Date. The Administrator, subject to the provisions of the Plan, shall have complete discretion to determine the other terms and conditions of
SARs granted under the Plan. 

        (c)    Exercise of SARs.    SARs shall be exercisable on such terms and conditions as the
Administrator, in its sole discretion, shall determine. 

        (d)    SAR Agreement.    Each SAR grant shall be evidenced by a SAR Agreement that will
specify the exercise price, the term of the SAR, the conditions of exercise, and such other terms and conditions as the Administrator, in its sole discretion, shall determine. 

        (e)    Expiration of SARs.    A SAR granted under the Plan shall expire upon the date
determined by the Administrator, in its sole discretion, and set forth in the SAR Agreement. Notwithstanding the foregoing, the rules of Section 10(b) will also apply to SARs. 

        (f)    Payment of SAR Amount.    Upon exercise of a SAR, the Participant shall be
entitled to receive a payment from the Company in an amount equal to the difference between the Fair Market Value of a Share on the date of exercise over the exercise price of the SAR. This amount
shall be paid in cash, Shares of equivalent value, or a combination of both, as the Administrator shall determine. 

13.    Cash Awards.    Each Cash Award will confer upon
the Participant the opportunity to earn a future payment tied to the level of achievement with respect to one or more performance criteria established by the Administrator for a performance period. 

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        (a)    Cash Award.    Each Cash Award shall contain provisions regarding (i) the
performance goal or goals and maximum amount payable to the Participant as a Cash Award; (ii) the performance criteria and level of achievement versus these criteria that shall determine the
amount of such payment; (iii) the period as to which performance shall be measured for establishing the amount of any payment; (iv) the timing of any payment earned by virtue of
performance; (v) restrictions on the alienation or transfer of the Cash Award before actual payment; (vi) forfeiture provisions; and (vii) such further terms and conditions, in
each case not inconsistent with the Plan, as may be determined from time to time by the
Administrator. The maximum amount payable as a Cash Award that is settled for cash may be a multiple of the target amount payable, but the maximum amount payable pursuant to that portion of a Cash
Award granted under this Plan for any fiscal year to any Awardee that is intended to satisfy the requirements for "performance-based compensation" under Section 162(m) of the Code shall not
exceed $2.5 million. 

        (b)    Performance Criteria.    The Administrator shall establish the performance
criteria and level of achievement versus these criteria that shall determine the target and the minimum and maximum amount payable under a Cash Award, which criteria may be based on financial
performance or personal performance evaluations or both. The Administrator may specify the percentage of the target Cash Award that is intended to satisfy the requirements for "performance-based
compensation" under Section 162(m) of the Code. Notwithstanding anything to the contrary herein, the performance criteria for any portion of a Cash Award that is intended to satisfy the
requirements for "performance-based compensation" under Section 162(m) of the Code shall be a measure established by the Administrator based on one or more Qualifying Performance Criteria
selected by the Administrator and specified in writing. 

        (c)    Timing and Form of Payment.    The Administrator shall determine the timing of
payment of any Cash Award. The Administrator may specify the form of payment of Cash Awards, which may be cash or other property, or may provide for an Awardee to have the option for his or her Cash
Award, or such portion thereof as the Administrator may specify, to be paid in whole or in part in cash or other property. 

        (d)    Termination of Service.    The Administrator shall have the discretion to
determine the effect of a Termination of Service on any Cash Award due to (i) disability, (ii) retirement, (iii) death, (iv) participation in a voluntary severance program,
or (v) participation in a work force restructuring. 

14.    Other Provisions Applicable to Awards.    

        (a)    Non-Transferability of Awards.    Unless determined otherwise by the
Administrator, an Award may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than by will or by the laws of descent and distribution, and may be exercised,
during the lifetime of the Participant, only by the Participant. If the Administrator makes an Award transferable, either at the time of grant or thereafter, such Award shall contain such additional
terms and conditions as the Administrator deems appropriate, and any transferee shall be bound by such terms upon acceptance of such transfer. 

        (b)    Qualifying Performance Criteria.    For purposes of this Plan, the term
"Qualifying Performance Criteria" shall mean any one or more of the following performance criteria, applied to either the Company as a whole or to a business unit, Affiliate, Related Corporation, or
business segment, either individually, alternatively, or in any combination, and measured either annually or cumulatively over a period of years, on an absolute basis or relative to a preestablished
target, to previous years' results or to a designated comparison group, in each case as specified in the Award by the Committee: (i) cash flow, (ii) earnings (including gross margin,
earnings before interest and taxes, earnings before taxes, and net earnings), (iii) earnings per share, (iv) growth in earnings or earnings per share, (v) stock price,
(vi) return on equity or average stockholders' equity, (vii) total stockholder return, (viii) return on capital, (ix) return on assets or net assets, (x) return on
investment, (xi) revenue, 

12

 

(xii) income
or net income, (xiii) operating income or net operating income, (xiv) operating profit or net operating profit, (xv) operating margin, (xvi) return on
operating revenue, (xvii) market share, (xviii) contract awards or backlog, (xix) overhead or other expense reduction, (xx) growth in stockholder value relative to the
moving average of the S&P 500 Index or a peer group index, (xxi) credit rating, (xxii) strategic plan development and implementation, (xxiii) improvement in workforce diversity,
(xxiv) EBITDA, (xxv) annual volume in gasoline gallon equivalents, (xxvi) total sales in U.S. dollars, and (xxvii) any other similar criteria. 

        (c)    Certification.    Before payment of any compensation under an Award intended to
qualify as "performance-based compensation" under Section 162(m) of the Code, the Committee shall certify the extent to which any Qualifying Performance Criteria and any other material terms
under such Award have been satisfied (other than in cases where such relate solely to the increase in the value of the Common Stock). 

        (d)    Discretionary Adjustments Pursuant to Section 162(m).    Notwithstanding
satisfaction or completion of any Qualifying Performance Criteria, to the extent specified at the time of grant of an Award to "covered employees" within the meaning of Section 162(m) of the
Code, the number of Shares, Options or other benefits granted, issued, retained, or vested under an Award on account of satisfaction of such Qualifying Performance Criteria may be reduced by the
Committee on the basis of such further considerations as the Committee in its sole discretion shall determine. 

        (e)    Section 409A.    Notwithstanding anything in the Plan to the contrary, it
is the Company's intent that all Awards granted under this Plan comply with Section 409A of the Code, and each Award shall be interpreted in a manner consistent with that intention. 

15.    Adjustments upon Changes in Capitalization, Dissolution, Merger or Asset
Sale.    

        (a)    Changes in Capitalization.    

          (i)  The
limitations set forth in Section 3, the number and kind of Shares covered by each outstanding Award, and the price per Share (but not the total price)
subject to each outstanding Award shall be proportionally adjusted to prevent dilution or enlargement of rights under the Plan for any change in the outstanding Common Stock subject to the Plan, or
subject to any Award, resulting from any stock splits, combination or exchange of Shares, consolidation, spin-off or recapitalization of Shares or any capital adjustment or transaction
similar to the foregoing or any distribution to holders of Common Stock other than regular cash dividends. 

         (ii)  The
Administrator shall make such adjustment in such manner as it may deem equitable and appropriate, subject to compliance with Applicable Laws. Any determination,
substitution or adjustment made by the Administrator under this Section shall be conclusive and binding on all persons. The conversion of any convertible securities of the Company shall not be treated
as a transaction requiring any substitution or adjustment under this Section. Except as expressly provided herein, no issuance by the Company of shares of stock of any class, or securities convertible
into shares of stock of any class, shall affect, and no adjustment by reason thereof shall be made with respect to, the number or price of Shares subject to an Award. 

        (b)    Dissolution or Liquidation.    In the event of the proposed dissolution or
liquidation of the Company, the Administrator shall notify each Participant as soon as practicable before the effective date of such proposed transaction. The Administrator in its discretion may
provide for an Option to be fully vested and exercisable until ten days before such proposed transaction. In addition, the Administrator may provide that any restrictions on any Award shall lapse
before the proposed transaction, provided the proposed dissolution or liquidation takes place at the time and in the manner contemplated. To the extent it has not been previously exercised, an Award
will terminate immediately before the consummation of such proposed transaction. 

13

 

        (c)    Change in Control.    If there is a Change in Control of the Company, as
determined by the Board or a Committee, then unless otherwise expressly provided in the Award Agreement, all Options and SARs granted to Employees shall fully vest, and any restrictions on all Stock
Awards and Cash Awards granted to Employees shall lapse, as of the effective date of the Change in Control. In any Award in which the Board has determined not to permit full vesting upon a Change in
Control, the Board or Committee or Board of Directors of any surviving entity or acquiring entity may, in its discretion, in the Award Agreement (i) provide for the assumption, continuation or
substitution (including an award to acquire substantially the same type of consideration paid to the stockholders in the transaction in which the Change in Control occurs) of, or adjustment to, all or
any part of the Awards; (ii) accelerate the vesting of all or any part of the Options and SARs and terminate any restrictions on all or any part of the Stock Awards or Cash Awards;
(iii) provide for the cancellation of all or any part of the Awards for a cash payment to the Participants; or (iv) provide for the cancellation of all or any part of the Awards as of
the closing of the Change in Control; provided, that the Participants are notified that they must exercise or redeem their Awards (including, at the discretion of the Board or Committee, any unvested
portion of such Award) at or before the closing of the Change in Control. 

16.    Amendment and Termination of the Plan.    

        (a)    Amendment and Termination.    The Administrator may amend, alter, or discontinue
the Plan or any Award Agreement, but any such amendment shall be subject to approval of the stockholders of the Company in the manner and to the extent required by Applicable Law. 

        (b)    Effect of Amendment or Termination.    No amendment, suspension, or termination of
the Plan shall materially impair the rights of any Award, unless agreed otherwise between the Participant and the Administrator. Termination of the Plan shall not affect the Administrator's ability to
exercise the powers granted to it hereunder with respect to Awards granted under the Plan before the date of such termination. 

        (c)    Effect of the Plan on Other Arrangements.    Neither the adoption of the Plan by
the Board or a Committee nor the submission of the Plan to the stockholders of the Company for approval shall be construed as creating any limitations on the power of the Board or any Committee to
adopt such other incentive arrangements as it or they may deem desirable, including the granting of restricted stock or stock options otherwise than under the Plan, and such arrangements may be either
generally applicable or applicable only in specific cases. 

17.    Designation of Beneficiary.    

        (a)   An
Awardee may file a written designation of a beneficiary who is to receive the Awardee's rights pursuant to Awardee's Award or the Awardee may include his or
her Awards in an omnibus beneficiary designation for all rights under the Awardee's Awards and all benefits under the Plan. To the extent that Awardee has completed a designation of beneficiary such
beneficiary designation shall remain in effect with respect to any Award hereunder until changed by the Awardee to the extent enforceable under Applicable Law. 

        (b)   The
Awardee may change such designation of beneficiary at any time by written notice. If an Awardee dies and no beneficiary is validly designated under the Plan who is
living at the time of such Awardee's death, the Company shall allow the executor or administrator of the estate of the Awardee to receive the Awardee's rights under the Awardee's Awards and all
benefits under the Plan, or if no such executor or administrator has been appointed (to the knowledge of the Company), the Company, in its discretion, may allow the spouse or one or more dependents or
relatives of the Awardee to receive the Awardee's rights under the Awardee's Awards and all benefits under the Plan to the extent permissible under Applicable Law. 

14

 

18.    No Right to Awards or to Service.    No person
shall have any claim or right to be granted an Award and the grant of any Award shall not be construed as giving an Awardee the right to continue in the service of the Company or its Affiliates.
Further, the Company and its Affiliates expressly reserve the right, at any time, to dismiss any Service Provider or Awardee at any time without liability or any claim under the Plan, except as
provided herein or in any Award Agreement entered into hereunder. 

19.    Preemptive Rights.    No Shares will be issued
under the Plan in violation of any preemptive rights held by any stockholder of the Company. 

20.    Legal Compliance.    No Share will be issued
pursuant to an Award under the Plan unless the issuance and delivery of such Share, as well as the exercise of such Award, if applicable, will comply with Applicable Laws. Issuance of Shares under the
Plan shall be subject to the approval of counsel for the Company with respect to such compliance. Notwithstanding anything in the Plan to the contrary, the Plan is intended to comply with the
requirements of Section 409A of the Code and shall be interpreted in a manner consistent with that intention. 

21.    Inability to Obtain Authority.    To the extent
the Company is unable to or the Administrator deems that it is not feasible to obtain authority from any regulatory body having jurisdiction, which authority is deemed by the Company's counsel to be
necessary to the lawful issuance and sale of any Shares hereunder, the Company shall be relieved of any liability with respect to the failure to issue or sell such Shares as to which such requisite
authority shall not have been obtained. 

22.    Reservation of Shares.    The Company, during
the term of this Plan, will at all times reserve and keep available such number of Shares as shall be sufficient to satisfy the requirements of the Plan. 

23.    Notice.    Any written notice to the Company
required by any provisions of this Plan shall be addressed to the Secretary of the Company and shall be effective when received. 

24.    Governing Law; Interpretation of Plan and
Awards.    

        (a)   This
Plan and all determinations made and actions taken pursuant hereto shall be governed by the substantive laws, but not the choice of law rules, of the State of
Delaware. 

        (b)   If
any provision of the Plan or any Award granted under the Plan is declared to be illegal, invalid, or otherwise unenforceable by a court of competent jurisdiction,
such provision shall be reformed, if possible, to the extent necessary to render it legal, valid, and enforceable, or otherwise deleted, and the remainder of the terms of the Plan and Award shall not
be affected except to the extent necessary to reform or delete such illegal, invalid, or unenforceable provision. 

        (c)   The
headings preceding the text of the sections hereof are inserted solely for convenience of reference, and shall not constitute a part of the Plan, nor shall they
affect its meaning, construction or effect. 

        (d)   The
terms of the Plan and any Award shall inure to the benefit of and be binding upon the parties hereto and their respective permitted heirs, beneficiaries, successors,
and assigns. 

        (e)   All
questions arising under the Plan or under any Award shall be decided by the Administrator in its total and absolute discretion. If the Participant believes that a
decision by the Administrator with respect to such person was arbitrary or capricious, the Participant may request arbitration with respect to such decision. The review by the arbitrator shall be
limited to determining whether the Administrator's decision was arbitrary or capricious. This arbitration shall be the sole and exclusive review permitted of the Administrator's decision, and the
Awardee shall as a condition to the receipt of an Award be deemed to waive explicitly any right to judicial review. 

15

 

25.    Limitation on Liability.    The Company and any
Affiliate or Related Corporation that is in existence or hereafter comes into existence shall not be liable to a Participant, an Employee, an Awardee, or any other persons as to: 

        (a)    The Non-Issuance of Shares.    The non-issuance or sale of
Shares as to which the Company has been unable to obtain from any regulatory body having jurisdiction the authority deemed by the Company's counsel to be necessary to the lawful issuance and sale of
any shares hereunder; and 

        (b)    Tax Consequences.    Any tax consequence expected, but not realized, by any
Participant, Employee, Awardee or other person due to the receipt, exercise or settlement of any Option or other Award granted hereunder. 

26.    Unfunded Plan.    Insofar as it provides for
Awards, the Plan shall be unfunded. Although bookkeeping accounts may be established with respect to Awardees who are granted Stock Awards under this Plan, any such accounts will be used merely as a
bookkeeping convenience. The Company shall not be required to segregate any assets that may at any time be represented by Awards, nor shall this Plan be construed as providing for such segregation,
nor shall the Company or the Administrator be deemed a trustee of stock or cash to be awarded under the Plan. Any liability of the Company to any Participant with respect to an Award shall be based
solely upon any contractual obligations that may be created by the Plan; no such obligation of the Company shall be deemed secured by any pledge or other encumbrance on any property of the Company.
Neither the Company nor the Administrator shall be required to give any security or bond for the performance of any obligation that may be created by this Plan. 

16

 

        IN
WITNESS WHEREOF, the Company, by its duly authorized officer, has executed this Plan, effective as of December 14, 2006. 

	 	 	CLEAN ENERGY FUELS CORP.
	

 	
 	

By:	

/s/ Andrew Littlefair

	

 	
 	

Its:	

President and CEO

17

QuickLinks

Exhibit 10.2

CLEAN ENERGY FUELS CORP. 2006 EQUITY INCENTIVE PLAN

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