Document:

OFFICER
      INDEMNIFICATION AGREEMENT

    

    This
      Agreement, dated as of    ,
      is
      entered into between OPKO Health, Inc., a corporation organized under the laws
      of the State of Delaware (the "Company"), and «name» (the
      "Officer").

     

    Recitals

    

    A. Highly
      competent persons are becoming more reluctant to serve publicly-held
      corporations as directors or as executive officers unless they are provided
      with
      adequate protection through insurance or adequate indemnification against
      inordinate risks of claims and actions against them arising out of their service
      to, and activities on behalf of, the corporation.

    

    B. The
      current impracticability of obtaining adequate insurance and the uncertainties
      relating to indemnification have increased the difficulty of attracting and
      retaining such persons.

    

    C. The
      Bylaws of the Company presently provide, among other things, that the Company
      shall indemnify its directors and officers to the full extent permitted by
      law.

    

    D. The
      Board
      has determined that the difficulty in attracting and retaining highly competent
      persons is detrimental to the best interests of the Company's stockholders
      and
      that the Company should act to assure such persons that there will be increased
      certainty of protection against risks of such claims and actions against them
      in
      the future.

    

    E. It
      is
      reasonable, prudent, and necessary for the Company contractually to obligate
      itself to indemnify such persons to the fullest extent permitted by applicable
      law so that they will serve or continue to serve the Company free from undue
      concern that they will not be so indemnified.

    

    F. The
      Officer is willing to serve or continue to serve as an officer of the Company
      on
      the condition that the Officer be so indemnified.

     

    Agreement

    

    In
      consideration of the recitals and the covenants contained herein, the Company
      and the Officer covenant and agree as follows:

    

    1. Definitions.
      As used
      in this Agreement the following terms shall have the meanings indicated
      below:

    

    (a) "Related
      Party" shall refer to (i) any other corporation in which the Company has an
      equity interest of at least fifty percent (50%) and (ii) any other corporation
      or any limited liability company, partnership, joint venture, trust, employee
      benefit plan or any other enterprise or association in which the Officer has
      served in any Indemnified Position, at the request of the Company or for the
      convenience of the Company or to represent the Company's interest.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    (b) "Indemnified
      Position" shall refer to any position held by the Officer, or pursuant to which
      the Officer acts, as an officer, director, employee, partner, trustee,
      fiduciary, administrator or agent of the Company or a Related
      Party.

    

    (c) "Indemnified
      Event" shall mean any claim asserted against the Officer, whether civil,
      criminal, administrative or investigative in nature, for monetary or other
      relief; or any Proceeding to which the Officer is named as a party or is a
      subject of or witness in, or with respect to which he or she is threatened
      to be
      named as a party, subject or witness, brought against the Officer by reason
      of
      his or her serving or acting in any Indemnified Position or arising or allegedly
      arising directly or indirectly out of, or otherwise relating to, any action,
      omission, occurrence or event involving the Officer in any Indemnified Position,
      including any Proceeding, formal or informal or otherwise, conducted or brought
      by the Securities and Exchange Commission or other governmental agency, or
      The
      National Association of Securities Dealers, Inc., a national stock exchange
      or
      similar organization.

    

    (d) "Proceeding"
      shall mean any pending, threatened or completed action, suit, investigation,
      inquiry, arbitration, alternative dispute resolution mechanism or any other
      proceeding (or any appeals therefrom), whether civil, criminal, administrative
      or investigative in nature and whether in a court or arbitration, or before
      or
      involving a governmental, administrative or private entity (including, but
      not
      limited to, an investigation initiated by the Company, any Related Party or
      any
      affiliate thereof, or the board of directors, fiduciaries or partners of any
      thereof).

    

    (e) "Indemnification
      Amount" shall refer to the amount of losses, claims, demands, costs, damages,
      liabilities (joint and several), judgments, fines (including any excise tax
      assessed with respect to an employee benefit plan), settlements, and other
      amounts (including Witness Liabilities), including interest on any of the
      foregoing, which the Officer is liable to pay or has paid in connection with
      an
      Indemnified Event and amounts proposed to be paid in settlement by the Officer
      in connection with any Indemnified Event.

    

    (f) "Witness
      Liabilities" shall mean all Indemnification Amounts incurred by the Officer
      in
      connection with his or her preparation to serve or service as a witness in
      any
      Proceeding in any way relating to the Company, any Related Party or any
      affiliate (as defined in Rule 405 under the Securities Act of 1933, as amended)
      of any of them (a "Securities Act Affiliate"), any associate (as defined in
      such
      Rule 405) of any of them or of any Securities Act Affiliate, or any Indemnified
      Event (including, but not limited to, the investigation, defense or appeal
      in
      connection with any such Proceeding).

    

    (g) "Expenses"
      shall refer to all disbursements, costs or expenses of any nature reasonably
      incurred by the Officer directly or indirectly in connection with any
      Indemnified Event, or Witness Liabilities, including, but not limited to, fees
      and disbursements of counsel, accountants or other experts employed by the
      Officer in connection with any Indemnified Event, including all such expenses,
      disbursements and costs of investigation in connection with or prior to the
      initiation of any Proceeding relating to an Indemnified Event.

    
      
        
        

      

      
        –2–

        
          

        

      

      
        
        

      

    

    

    (h) "Indemnify"
      or "Indemnification" shall refer to the obligation of the Company herein to
      pay
      Expenses or Indemnification Amounts.

    

    (i) "Change
      of Control" shall be deemed to have occurred if (A) any "Person" (as that term
      is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934,
      as
      amended), but excluding the Company and any of its wholly-owned subsidiaries,
      is
      or becomes (except in a transaction approved in advance by the Board) the
      beneficial owner (as defined in Rule 13d-3 under such Act), directly or
      indirectly, of securities of the Company representing 20% or more of the
      combined voting power of the Company's then outstanding securities or (B) during
      any period of two consecutive years, individuals who at the beginning of such
      period constitute the Board cease for any reason to constitute at least a
      majority thereof unless the election, or the nomination for election by the
      Company's stockholders, of each new director was approved by a vote of at least
      two-thirds of the directors still in office who were directors at the beginning
      of the period, or (C) the stockholders of the Company should approve any one
      of
      the following transactions: (x) any consolidation or merger of the Company
      in
      which the Company is not the surviving corporation, other than a merger of
      the
      Company in which the holders of the Company's common stock immediately prior
      to
      the merger have the same proportionate ownership of the surviving corporation
      immediately after the merger; or (y) any sale, lease, exchange or other transfer
      (in one transaction or a series of related transactions) of all, or
      substantially all, the assets of the Company.

    

    (j)
      "Final Disposition" shall refer to any judgment, order or award rendered in
      any
      Proceeding after the expiration of all rights of appeal.

    

    2. Services
      to the Company.
      The
      Officer will serve, and/or continue to serve, as an officer of the Company,
      so
      long as he or she is duly elected and qualified in accordance with the
      provisions of the Certificate of Incorporation and Bylaws of the Company, or
      in
      any other Indemnified Position, at the will of the Company (or under separate
      contract, if any); provided that the Officer may at any time and for any reason
      resign from such Indemnified Position (subject to any contractual obligations
      which the Officer shall have assumed apart from this Agreement) but the
      obligations provided for herein shall continue after such
      termination.

    

    3. Indemnity.
      The
      Company hereby agrees to indemnify the Officer and hold the Officer harmless
      to
      the full extent permitted or authorized by applicable law. Without limiting
      the
      generality of the foregoing, the Company agrees to indemnify the Officer and
      hold the Officer harmless from and against, and pay any and all, Expenses and
      Indemnification Amounts, including Witness Liabilities.

    

    Notwithstanding
      the foregoing, except with respect to the indemnification specified in the
      second and third sentences of Section 7 or in Section 10 or Section 13(b) of
      this Agreement, the Company shall indemnify the Officer in connection with
      a
      Proceeding (or part thereof) initiated by the Officer only if authorization
      for
      the Proceeding (or part thereof) was not denied by the Board of Directors of
      the
      Company prior to the earlier of (i) 60 days after receipt of notice thereof
      from
      the Director and (ii) a Change of Control.

    
      
        
        

      

      
        –3–

        
          

        

      

      
        
        

      

    

    

    4. Payment
      of Expenses.
      The
      Company shall advance all Expenses within thirty (30) days after the receipt
      by
      the Company of a statement or statements from the Officer requesting such
      advance payment or payments from time to time. Such statement or statements
      shall identify the nature and amount of the Expenses to be advanced with
      reasonable specificity. The Officer shall also agree to undertake to repay
      any
      Expenses advanced if it shall ultimately be determined (which shall only be
      made
      after the Final Disposition of the Proceeding related to an Indemnified Event,
      as hereinafter provided) that the Officer was not entitled to reimbursement
      of
      Expenses in connection with the Indemnified Event for which such Expenses were
      made.

    

    5. Interval
      Protection.
      During
      the interval between the Company's receipt of the Officer's request for
      indemnification or advances and the latest to occur of (a) payment in full
      to
      the Officer of the indemnification or advances to which he or she is entitled
      hereunder, or (b) a final adjudication that the Officer is not entitled to
      indemnification hereunder, the Company shall provide "Interval Protection"
      which, for purposes of this Agreement, shall mean the taking of the necessary
      steps (whether or not such steps require expenditures to be made by the Company
      at that time) to stay, pending a final determination of the Officer's
      entitlement to indemnification (and, if the Officer is so entitled, the payment
      thereof), the execution, enforcement or collection of any Indemnified Amount
      or
      Expenses or any other amounts for which the Officer may be liable (and as to
      which the Officer has requested indemnification hereunder) in order to avoid
      the
      Officer's being or becoming in default with respect to any such amounts.

    

    6. Indemnification
      by Court.
      Notwithstanding any other provision of this Agreement including without
      limitation the fourth sentence of Section 7, indemnification and advances shall
      also be made to the extent a court of competent jurisdiction, or the court
      in
      which a Proceeding was brought, shall determine that the Officer, in view of
      all
      the circumstances of the case, is fairly and reasonably entitled to
      indemnification and/or advances for such Expenses as such court shall deem
      proper.

    

    7. Indemnification
      Procedure.
      Any
      Indemnification or advance under this Agreement (other than Interval Protection)
      shall be made promptly and in any event within thirty (30) days upon the written
      request of the Officer delivered to the Company. The right to Indemnification
      or
      advances as granted under this Agreement shall be enforceable by the Officer
      in
      any court of competent jurisdiction if the Company denies such request, in
      whole
      or in part, or if no disposition thereof is made within thirty (30) days. The
      Officer's costs and expenses incurred in connection with successfully
      establishing his or her right to indemnification or advances, in whole or in
      part, in any such action shall also be indemnified by the Company. It shall
      be a
      defense to any such action that there has been a judgment or other final
      adjudication adverse to the Officer which established that the Officer failed
      to
      meet the standard of conduct, if any, required for indemnification by applicable
      law, but the burden of proving such defense shall be on the Company. Neither
      the
      failure of the Company (including the Board or any committee thereof, its
      independent counsel and its stockholders) to have made a determination prior
      to
      the commencement of such action that indemnification of the Officer is proper
      in
      the circumstances because he or she has met the applicable standard of conduct
      described in the preceding sentence, if any, nor the fact that there has been
      an
      actual determination by the Company (including the Board or any committee
      thereof, its independent counsel and its stockholders) that the Officer has
      not
      met such applicable standard of conduct, shall be a defense to the action or
      create a presumption that the claimant has not met the applicable standard
      of
      conduct.

    
      
        
        

      

      
        –4–

        
          

        

      

      
        
        

      

    

    

    8. Presumptions
      and Effect of Certain Proceedings.

    

    (a) The
      Officer shall be presumed entitled to Indemnification hereunder unless clearly
      not entitled to such Indemnification by clear and convincing proof that such
      payment shall be unlawful.

    

    (b) If
      the
      Company shall not have responded to the Officer's request for Indemnification
      pursuant to Section 7 hereof within thirty (30) days after receipt by the
      Company of such request therefor, the Officer shall be deemed to be entitled
      to
      such Indemnification.

    

    (c) The
      termination of any Proceeding relating to an Indemnified Event or of any claim,
      issue, or matter therein by judgment, order, settlement, or conviction, or
      upon
      a plea of nolo contendere or its equivalent, shall not of itself adversely
      affect the right of the Officer to Indemnification or create a presumption
      that
      the Officer did not meet any applicable standard of conduct.

    

    (d) Notwithstanding
      any other provision of this Agreement, the Officer shall in no event be required
      to repay any Expense payments advanced to the Officer and no defense can or
      shall be raised by the Company to a request for Indemnification pursuant to
      Section 7 to the extent the Officer has been successful on the merits or
      otherwise in defense of any Proceeding related to an Indemnified Event, or
      in
      defense of any claim, issue or matter involved in any Indemnified Event therein,
      whether as a result of the initial adjudication or on appeal or the abandonment
      thereof by a party.

    

    9. Non-Exclusivity:
      Duration of Agreement; Insurance; Subrogation.

    

    (a) The
      rights of Indemnification and to receive advancement of Expenses as provided
      by
      this Agreement shall not be deemed exclusive of any other rights to which the
      Officer may at any time be entitled under applicable law, the Certificate of
      Incorporation, the By-laws, any other agreement, or any vote or consent of
      directors or stockholders or otherwise.

    

    (b) This
      Agreement shall continue until and terminate upon the later of: (i) ten (10)
      years after the date that the Officer shall have ceased to serve in any
      Indemnified Position; or (ii) the Final Disposition of all Indemnified
      Events.

    

    (c) This
      Agreement shall be binding upon the Company and its successors and assigns
      and
      shall inure to the benefit of the Officer and his or her heirs, devisees,
      executors, and administrators or other legal representatives.

    

    (d) To
      the
      extent that the Company maintains an insurance policy or policies providing
      liability insurance for directors or executive officers of the Company or for
      any person serving in any other Indemnified Position, the Officer shall be
      covered by such policy or policies in accordance with its or their terms to
      the
      maximum extent of the coverage available for any such director or executive
      officer or person serving in such position under such policy or
      policies.

    
      
        
        

      

      
        –5–

        
          

        

      

      
        
        

      

    

    

    10. Proceedings.

    

    (a) The
      parties hereto agree that except as otherwise provided for herein, any disputes
      arising with respect to the interpretation or enforcement of any provision
      hereof shall be submitted, at the sole election of the Officer, either to
      arbitration or to judicial determination. Any arbitration shall be conducted
      in
      the City of Miami, Florida in accordance with the then existing rules of the
      American Arbitration Association ("AAA"). In any arbitration pursuant to this
      Agreement, the award or decision shall be rendered by a majority of the members
      of an arbitration panel consisting of three members chosen in accordance with
      the then existing rules of the AAA. The award or decision of the arbitration
      panel pursuant to this Section 10 shall be binding and conclusive on the
      parties, provided that enforcement of such award or decision may be obtained
      in
      any court having jurisdiction over the party against whom such enforcement
      is
      sought. The Company hereby agrees to bear all fees, costs and expenses imposed
      by the AAA, in connection with the arbitration, irrespective of the
      determination thereof. The provisions of Section 10(c) shall govern with respect
      to the proceedings referred to therein.

    

    (b) In
      the
      event that, for any reason, the Company fails to pay any Indemnification or
      advance demanded, or the Company requests repayment of any Expenses advanced,
      the Officer shall nevertheless be entitled, at his or her sole option, to a
      final judicial determination or may seek arbitration of his or her entitlement
      to Indemnification hereunder in respect of such claim. In the event the Officer
      seeks a judicial determination, the Officer shall commence an action in a court
      of the State of Florida. In the event the Officer seeks an award in arbitration,
      (i) such arbitration shall be conducted in Miami, Florida pursuant to Section
      10(a), and (ii) the arbitrator shall notify the parties of his or her decision
      within sixty (60) days following the initiation of such arbitration (or such
      other period proscribed by the rules of AAA). The Company further agrees that
      its execution of this Agreement shall constitute a stipulation by which it
      shall
      be bound in any court or arbitration in which such proceeding shall have been
      commenced, continued or appealed that (i) it shall not oppose the Officer's
      right to seek any such adjudication or award in arbitration or any other claim
      by reason of any prior determination made by the Company with respect to the
      Officer's right to Indemnification under this Agreement on such claim or any
      other claim, or, except in good faith, raise any objections not specifically
      relating to the merits of the Officer's claim; and (ii) for purposes of this
      Agreement any such adjudication or arbitration shall be conducted de novo and
      without prejudice by reason of any prior determination that the Officer is
      not
      entitled to Indemnification.

    

    (c) Whether
      or not the court or arbitrators shall determine that the Officer is entitled
      to
      payment of Indemnification Amounts or has to return the payment of Expenses
      or
      otherwise finds against the Officer, the Company shall within thirty (30) days
      after written request therefor (and submission of reasonable evidence of the
      nature and amount thereof), and unless there is a specific judicial finding
      that
      the Officer's suit or arbitration was frivolous, pay all Expenses incurred
      by
      the Officer in connection with such adjudication or arbitration (including,
      but
      not limited to, any appellate proceedings).

    
      
        
        

      

      
        –6–

        
          

        

      

      
        
        

      

    

    

    11. Severability.
      If any
      provision or provisions of this Agreement shall be held to be invalid, illegal,
      or unenforceable for any reason whatsoever: (a) the validity, legality, and
      enforceability of the remaining provisions of this Agreement (including without
      limitation, each portion of any Section, paragraph or clause of this Agreement
      containing any such provision held to be invalid, illegal, or unenforceable,
      that is not itself invalid, illegal, or unenforceable) shall not in any way
      be
      affected or impaired thereby; and (b) to the fullest extent possible, the
      provisions of this Agreement (including, without limitation, each portion of
      any
      Section, paragraph or clause of this Agreement containing any such provision
      held to be invalid, illegal, or unenforceable, that is not itself invalid,
      illegal, or unenforceable) shall be deemed revised, and shall be construed,
      so
      as to give effect to the intent manifested by this Agreement (including the
      provision held invalid, illegal, or unenforceable).

    

    12. Merger
      or Consolidation of the Company.
      In the
      event that the Company shall be a constituent corporation in a consolidation
      or
      merger, whether or not the Company is the resulting or surviving corporation,
      the Officer shall stand in the same position under this Agreement with respect
      to the Company if its separate existence had continued.

    

    13. Enforcement.

    

    (a) The
      Company unconditionally and irrevocably stipulates and agrees that its execution
      of this Agreement shall also constitute a stipulation by which it shall be
      bound
      in any court or arbitration in which a proceeding by the Officer for enforcement
      of his or her rights shall have been commenced, continued or appealed, that
      the
      obligations of the Company set forth herein are unique and special, and that
      failure of the Company to comply with the provisions of this Agreement will
      cause irreparable and irremediable injury to the Officer, for which a remedy
      at
      law will be inadequate. As a result, in addition to any other right or remedy
      he
      or she may have at law or in equity with respect to a violation of this
      Agreement, the Officer shall be entitled to injunctive or mandatory relief
      directing specific performance by the Company of its obligations under this
      Agreement.

    

    (b) In
      the
      event that the Officer is subject to or intervenes in any legal action in which
      the validity or enforceability of this Agreement is at issue or institutes
      any
      legal action, for specific performance or otherwise, to enforce his or her
      rights under, or to recover damages for breach of, this Agreement, the Officer
      shall, within thirty (30) days after written request to the Company therefor
      (and submission of reasonable evidence of the amount thereof), and unless there
      is a specific judicial finding that the Officer's suit was frivolous, be
      indemnified by the Company against all Expenses incurred by him or her in
      connection therewith.

    
      
        
        

      

      
        –7–

        
          

        

      

      
        
        

      

    

    

    14. Notification
      and Defense of Claim.
      The
      Officer agrees to promptly notify the Company in writing upon being served
      with
      any summons, citation, subpoena, complaint, indictment, information or other
      document relating to any Proceeding involving an Indemnification Event;
      provided, however, that the failure of the Officer to give such notice to the
      Company shall not adversely affect the Officer's rights under this Agreement
      except to the extent the Company shall have been materially prejudiced by such
      failure. Nothing in this Agreement shall constitute a waiver of the Company's
      right to seek participation, at its own expense, in any Proceeding which may
      give rise to Indemnification hereunder.

    

    15. Headings.
      The
      headings of the Sections and paragraphs of this Agreement are inserted for
      convenience only and shall not be deemed to constitute part of this Agreement
      or
      to affect the construction thereof.

    

    16. Modification
      and Waiver.
      No
      supplement, modification, or amendment of this Agreement shall be binding unless
      executed in writing by both of the parties hereto. No waiver of any of the
      provisions of this Agreement shall be deemed or shall constitute a waiver of
      any
      other provision hereof (whether or not similar) nor shall such waiver constitute
      a continuing waiver.

    

    17. Notices.
      All
      notices, requests, demands, and other communications hereunder shall be in
      writing and shall be deemed to have been duly given if (i) delivered by hand,
      or
      sent via telecopy or facsimile transmission, in each case receipted for by
      the
      party to whom said notice or other communication shall have been directed or
      transmitted, or (ii) mailed by certified or registered mail with postage
      prepaid, on the third business day after the date on which it is so mailed,
      or
      (iii) delivered by overnight courier service:

    

    
      	
            	(a)	
              If
                to the Officer, to:

            

    

    

    
      	 	 	 	 	
              «name»

            

    

    «address»

    

    
      	
            	(b)	
              If
                to the Company, to:

            

    

    

    OPKO
      Health, Inc.

    4400
      Biscayne Boulevard Suite 1180

    Miami,
      FL
      33137

    

    Attention:
      Deputy General Counsel

    

    or
      to
      such other address as may have been furnished to either party by the other
      party.

    
      
        
        

      

      
        –8–

        
          

        

      

      
        
        

      

    

    

    18. Entire
      Agreement.
      All
      prior and contemporaneous agreements and understandings between the parties
      with
      respect to the subject matter of this Agreement are superseded by this
      Agreement, and this Agreement constitutes the entire understanding between
      the
      parties. This Agreement may not be modified, amended, changed or discharged
      except by a writing signed by the parties hereto, and then only to the extent
      therein set forth.

    

    19. Nonassignment.
      This
      Agreement may not be assigned by either of the parties hereto.

    

    20. Governing
      Law.
      This
      Agreement, including its validity, interpretation and effect, and the
      relationship of the parties shall be governed by, and construed in accordance
      with, the laws of the State of Florida.

    

    IN
      WITNESS WHEREOF, each of the parties hereto has executed this Agreement as
      of
      the day and year first above written.

    

    
      	
              OPKO
                HEALTH, INC.

            
	 	 
	
              By:

            	 

	 	 
	
              OFFICER

            
	 	 
	
              By:

            	 

	
              «name»

            

    

    
      
        
        

      

      
        –9–Exhibit
      4.01

     

    ADUROMED
      INDUSTRIES, INC.

    

    STOCK
      OPTION AGREEMENT

    WITH
      JOSEPH ESPOSITO

    

    This
      Non-Statutory Option Agreement (the "Agreement") is made and entered into as
      of
      August 4, 2008 by and among ADUROMED INDUSTRIES, INC., a Delaware Corporation
      with a principal of business at 3 Trowbridge Drive, Bethel, Connecticut 06801,
      of the one part (hereinafter referred to as “AII” or the “Corporation”), and
      Joseph Esposito, of
      the
      other part (the
      "Optionee").

    

    RECITALS

    

    WHEREAS,
      by action unanimously taken by the Board of Directors of the Corporation on
      July
      31, 2008, the Board approved the 2008 Non-Statutory Stock Option Plan (“Plan”)
      of the Corporation and authorized the Corporation to provide for the granting
      of
      option rights under the Plan to employees, consultants and non-employee
      directors of the Corporation and the Corporation’s wholly-owned subsidiary,
      Aduromed Corporation (“Aduromed”), to purchase shares of the Corporation’s
      common stock, par value $0.0001 per share (“Common Stock”) in connection with
      the transactions contemplated by that certain Master Restructuring Agreement,
      dated as of July 10, 2008 by and among the Corporation, Aduromed and the other
      signatories listed on the signature pages thereto (the “MRA”); and 

    

    WHEREAS,
      in order to facilitate the purpose of the MRA, the Corporation wishes to grant
      to Optionee the right and option to purchase 12,000,000 shares of Common Stock
      under the Plan; 

    

    NOW,
      THEREFORE,
      the parties hereto hereby agree as follows:

    

    1.
      Grant
      of Option.
      The
      Corporation hereby grants to Optionee and to his permitted designees and
      assignees, the right and option (“Option”) to purchase a total of 12,000,000
      shares of Common Stock (the “Optioned Shares”). It is understood and
      acknowledged that this Option is designated as a non-statutory stock option
      that
      will not qualify as an incentive stock option under Section 422 of the Internal
      Revenue Code (the “Code”).

    

    2.
      Option
      Price.
      The
      price to be paid for the Optioned Shares to be issued upon exercise of this
      Option or any part thereof shall be $0.025 per share (the "Exercise Price").
      

    

    3.
      Rights
      to Exercise. 

    

    The
      rights to exercise this Option shall vest with respect to 4,000,000 shares
      of
      Common Stock immediately, with respect to an additional 4,000,000 shares of
      Common Stock on August 4, 2009, and with respect to the remaining 4,000,000
      shares of Common Stock on August 4, 2010. 

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    4.
      Securities
      Law Requirements.
      To the
      extent this Option shall have vested as provided in Section 3 above, it may
      be
      exercised in whole or in part at any time, subject to an opinion of legal
      counsel for the Corporation (which shall not be unreasonably withheld by the
      Corporation) that, at the time of such exercise, the issuance of the Optioned
      Shares is in compliance with the provisions of the Securities Act of 1933,
      as
      amended, and the rules and regulations promulgated there under (the "Securities
      Act"). 

    

    5.
      Term
      of the Options.
      The
      Option shall remain exercisable as to Optioned Shares for five (5) years from
      the date of vesting of such Optioned Shares. 

     

    Should
      the Optionee’s service be terminated for cause (as defined in the consulting
      agreement with the Corporation applicable to Optionee), then in any such event
      this Option shall terminate immediately and with respect to all unvested shares
      of Common Stock. 

     

    In
      the
      event Optionee is unable to continue as a consultant as a result of his total
      and permanent disability (as defined in Section 22(e)(3) of the Code), all
      of
      Optionee's unvested Options shall immediately vest and become exercisable and
      the term of any such Options shall be extended to the fifth anniversary of
      Optionee's consultancy termination date.

    

    During
      the term of this Option if the Optionee was at the time of his death still
      engaged as a consultant, all of the Optionee's unvested Options shall
      immediately vest and become exercisable and the term of any such Options shall
      be extended to the fifth anniversary of the Optionee's date of death and the
      Option may be exercised by the Optionee’s estate or by a person who acquired the
      right to exercise the Option by bequest or inheritance. 

    

    If
      during
      the term of this Agreement and while the Optionee remains a consultant of the
      Corporation, the Corporation shall be subject to a Change in Control, then
      in
      such case all of the Optionee's unvested Options shall immediately vest and
      become exercisable and the term of any such Options shall be extended to the
      fifth anniversary of the date of Change in Control.

    

    "Change
      in Control" shall mean any merger, consolidation, sale of assets
      or
      other similar transaction or series of transactions involving the Corporation,
      other than any such transaction or transactions following which the Corporation
      or its stockholders continue to own a majority of the combined voting
power
      of
      the outstanding securities of the Corporation or other entity surviving
or
      succeeding to the business of the Corporation.

    

    6.
      Registration
      Rights.
      The
      Corporation hereby covenants and agrees to register on an SEC Form S-8, or
      other
      applicable SEC Form, as soon as reasonably practicable, as may be necessary
      under the Securities Laws to permit the resale of the Optioned Shares issued
      upon exercise of this Option by the Optionee.

    

    7.
      Nontransferability.
      Except
      as otherwise provided herein or unless the Corporation otherwise consents in
      writing, the rights of Optionee hereunder shall be non-assignable and
      non-transferable by the Optionee, either voluntarily or by operation of law,
      and
      shall not be pledged or hypothecated in any way. Except as otherwise provided
      herein, any attempted alienation, assignment, pledge, hypothecation, attachment,
      execution or similar process, whether voluntary or involuntary, with respect
      to
      all or any part of the Options or any right thereunder, shall be null and void
      and, at the Corporation's option, shall cause all of Optionee’s rights under
      this Agreement to terminate. 

    

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    8.
      Effect
      of Exercise.
      Upon
      exercise of all or any part of this Option, the number of shares of Common
      Stock
      subject to this Option being exercised under this Agreement shall be reduced
      by
      the number of shares with respect to which such exercise is made.

    

    9.
      Method
      of Exercise.
      Each
      exercise of this Option shall be by means of a written notice of exercise in
      substantially the form attached hereto as Exhibit A delivered to the Secretary
      of the Corporation at its principal office and accompanied by payment in full,
      by certified or bank or cashier’s check payable to the Corporation, of the
      Exercise Price for each share of Common Stock purchased under the Option. Such
      notice shall specify the number of shares of Common Stock with respect to which
      the Option is exercised and shall be signed by the person exercising the Option.
      If the Option is exercised by a person other than Optionee, such notice shall
      be
      accompanied by proof, reasonably satisfactory to the Corporation, of such
      person's right to exercise the Option.

    

    10.
      Issuance
      of Shares.
      Subject
      to the foregoing conditions, the Corporation, as soon as reasonably practicable
      after receipt of a proper notice of exercise and without transfer or issue
      tax
      or other incidental expense to the person exercising an Option, shall, subject
      to the conditions herein expressly stated, deliver to such person at the
      principal office of the Corporation, or such other location as may be agreed
      in
      writing by the Corporation and such person, one or more certificates for the
      shares of Common Stock with respect to which the Option has been exercised.
      Such
      shares shall be fully paid and nonassessable and shall be issued in the name
      of
      such person.

    

    11.
      Limitation
      of Optionee’s Rights.
      Neither
      Optionee nor any person entitled to exercise an Option shall be or have any
      of
      the rights of a shareholder of the Corporation in respect of any share issuable
      upon the exercise of the Option unless and until a certificate or certificates
      representing shares of Common Stock shall have been issued and delivered upon
      exercise of the Option in full or in part. No adjustment shall be made for
      dividends or other rights for which the record date is prior to the date such
      stock certificates are issued.

    

    12.
      Consent
      Required to Transfer.
      Except
      as otherwise expressly provided herein, if at any time the Corporation shall
      have filed a registration statement pursuant to the federal securities laws
      in
      connection with any underwritten public offering by the Corporation of its
      equity securities, the Optionee shall not sell, make any short sale of, loan,
      hypothecate, pledge, grant any option for the purchase of, or otherwise dispose
      of or transfer for value or otherwise agree to engage in any of the foregoing
      transactions with respect to any Optioned Shares held by him without the prior
      written consent of the Corporation or its underwriters. Such limitations shall
      be in effect for such period of time from and after the effective date of such
      registration statement, or withdrawal of the filing with the SEC, as may be
      requested by the Corporation or such underwriters.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    13.
      Protection
      Against Dilution. 

     

    13.1
      Adjustment
      Mechanism.
      If an
      adjustment of the Exercise Price is required pursuant to this Section 13, the
      Optionee shall be entitled to purchase such number of additional shares of
      Common Stock as will cause (i) the total number of shares of Common Stock it
      is
      entitled to purchase pursuant to this Option, multiplied by (ii) the adjusted
      purchase price per share, to equal (iii) the dollar amount of the total number
      of shares of Common Stock it is entitled to purchase before adjustment
      multiplied by the total purchase price before adjustment.

     

    13.2
      Capital
      Adjustment.
      In case
      of any stock split or reverse stock split, stock dividend, reclassification
      of
      the Common Stock, recapitalization, merger or consolidation, or like capital
      adjustment affecting the Common Stock of the Corporation, the provisions of
      this
      Section 13 shall be applied as if such capital adjustment event had occurred
      immediately prior to the effective date of this Option and the original purchase
      price had been fairly allocated to the stock resulting from such capital
      adjustment; and in other respects the provisions of this Section 13 shall be
      applied in a fair, equitable and reasonable manner so as to give effect, as
      nearly as may be, to the purposes hereof. A rights offering to stockholders
      shall be deemed a stock dividend to the extent of the bargain purchase element
      of the rights, if any.

     

    13.3
      Adjustment
      for Spin Off.
      If, for
      any reason, prior to the exercise of this Option in full, the Corporation spins
      off or otherwise divests itself of a part of its business or operations or
      disposes of all or a part of its assets in a transaction (the "Spin Off') in
      which the Corporation does not receive compensation for such business,
      operations or assets, but causes securities of another entity (the "Spin Off
      Securities") to be issued to security holders of the Corporation, then Optionee
      shall be entitled to receive its pro rata share of the Spin Off Securities
      determined as if it had exercised the entire unexercised portion of the Option
      outstanding on the trading day immediately prior to record date (the "Record
      Date") for determining the amount and number of Spin Off Securities to be issued
      to security holders of the Corporation.

    

    14.
      Restricted
      Securities.
      Optionee
      understands that the Option and the Common Stock issuable upon exercise of
      the
      Option are "restricted securities" under the Federal securities laws in as
      much
      as they are being acquired from the Corporation in a transaction not involving
      a
      public offering and that under such laws and applicable regulations such
      securities may be resold without registration under the Securities Act of 1933,
      as amended, only in certain limited circumstances. All certificates representing
      shares of Common Stock purchased upon the exercise of the Option shall bear
      the
      following legend:

    

    "THE
      SALE OF THE SECURITIES REPRESENTED HEREBY HAS NOT BEEN REGISTERED UNDER THE
      SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"). ANY TRANSFER OF SUCH SECURITIES
      WILL BE INVALID UNLESS A REGISTRATION STATEMENT UNDER THE ACT IS IN EFFECT
      AS TO
      SUCH TRANSFER OR IN THE OPINION OF COUNSEL FOR THE ISSUER SUCH REGISTRATION
      IS
      UNNECESSARY IN ORDER FOR SUCH TRANSFER TO COMPLY WITH THE
      ACT."

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    15.
      Notices.
      Any
      notice to the Corporation contemplated by this Agreement shall be addressed
      to
      it at its principal place of business in care of its President; and any notice
      to the Optionee shall be addressed to Optionee at the address set forth above
      or
      at such other address as Optionee may hereafter designate in a writing delivered
      to the Corporation as provided herein.

    

    16.
      Governing
      Law.
      This
      Agreement has been made, executed and delivered in, and the interpretation,
      performance and enforcement hereof shall be governed by and construed under
      the
      laws of the State of New York.

    

    ADUROMED
      INDUSTRIES, INC.

    

      
        	
                By
                  

              	
                /s/
                  Kevin T. Dunphy

              
	 
	
                OPTIONEE

              
	 
	
                /s/
                  Joseph Esposito

              
	
                JOSEPH
                  ESPOSITO

              

      

    

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A 

    

    OPTION
      EXERCISE FORM

    (To
      be
      executed only upon exercise of an Option)

    

    The
      undersigned hereby irrevocably exercises the foregoing designated Option for
      the
      purchase of that number of shares of the
      Common Stock (par value $0.0001 par value per share), of Aduromed Industries,
      Inc. set forth below, and hereby makes payment of the aggregate Exercise Price
      therefor which is also set forth below, all on the terms and subject to the
      conditions specified in the Stock Option Agreement between him and the
      Corporation. 

     

    
      	
              Number
                of Shares:

            	 	 	  	 
	 	 	 	 	 
	
              x

            	 	 	 	 
	 	 	 	 	 
	
              Exercise
                Price:

            	 	
              
              

              $

            	
              
              

               

            	 
	 	 	 	 	 
	
              Aggregate
                Exercise

            	 	 	 	 
	
              Price
                paid:

            	 	
              $

            	
                

            	 

    

     

    Dated:

     

    HOLDER:

    

    ____________________

    ACCEPTED:

     

    Dated:

    

    ADUROMED
      INDUSTRIES, INC.

    

      
        	
                By
                  

              	 

      

    

    

    
      
        
        

      

      
        6

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