Document:

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                                                                   EXHIBIT 10.62

                                     FORM OF
                             STOCK OPTION AGREEMENT
                                FOR THE GRANT OF
                      NON-QUALIFIED STOCK OPTIONS UNDER THE
                            STEWART ENTERPRISES, INC.
                        2000 INCENTIVE COMPENSATION PLAN

         THIS AGREEMENT (the "Agreement") is effective as of __________________,
20___ by and between Stewart Enterprises, Inc., a Louisiana corporation ("SEI"),
and __________________________ ("Optionee").

         WHEREAS Optionee is a key employee of SEI, and SEI considers it
desirable and in its best interest that Optionee be given an inducement to
acquire a proprietary interest in SEI and an added incentive to advance the
interests of SEI by possessing an option to purchase shares of the Class A
common stock of SEI, no par value per share (the "Common Stock") in accordance
with the Stewart Enterprises, Inc. 2000 Incentive Compensation Plan (the
"Plan").

         NOW, THEREFORE, in consideration of the premises, it is agreed by and
between the parties as follows:

                                       I.

                                 Grant of Option

         SEI hereby grants to Optionee, effective __________________, 20___ (the
"Date of Grant") the right, privilege and option to purchase ______________
shares of Common Stock (the "Option") at an exercise price of $________ per
share (the "Exercise Price"). The Option shall be exercisable at the time
specified in Section II below. The Option is a non-qualified stock option and
shall not be treated as an incentive stock option under Section 422 of the
Internal Revenue Code of 1986, as amended (the "Code").

                                       II.

                                Time of Exercise

         2.1 Subject to the provisions of the Plan and the other provisions of
this Agreement and subject to the Optionee remaining employed by SEI on the
applicable dates, the Optionee shall be entitled to exercise the Option as
follows:

                  ___%     of the total number of shares covered by the Option
                           beginning on April 12, 2001;

                                      -1-
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                  ___%     of the total number of shares covered by the Option
                           beginning on April 12, 2002, less any shares
                           previously issued;

                  ___%     of the total number of shares covered by the Option
                           beginning on April 12, 2003, less any shares
                           previously issued;

                  100%     of the total number of shares covered by the Option
                           beginning on April 12, 2004, less any shares
                           previously issued.

The Option shall expire and may not be exercised later than April 12, 2005.

         2.2 If Optionee's employment is terminated, the Option must be
exercised, to the extent exercisable at the time of termination, within the
periods specified below, but no later than April 12, 2005:

                  (a) In the event of death, disability within the meaning of
         Section 22(e)(3) of the Code, retirement on or after reaching age 65,
         early retirement with the approval of the Board of Directors or any
         termination, other than termination for "cause," after Optionee has
         completed 15 or more years of service with SEI and/or a subsidiary, the
         Option must be exercised within one year following termination of
         employment, after which time the Option shall terminate.

                  (b) In the event of termination for any other reason, the
         Option must be exercised within 30 days following termination of
         employment, after which time the Option shall terminate.

         2.3 The term "cause" shall mean (a) Optionee's breach of any written
employment agreement between Optionee and SEI or a subsidiary or (b) the willful
engaging by Optionee in gross conduct injurious to SEI or the subsidiary that
employs Optionee, which in either case is not remedied within 10 days after SEI
or the employing subsidiary provides written notice to the Optionee of such
breach or willful misconduct.

                                      III.

                          Method of Exercise of Option

         Optionee may exercise all or a portion of the Option by delivering to
SEI a signed written notice of his intention to exercise the Option, specifying
therein the number of shares to be purchased. Upon receiving such notice, and
after SEI has received payment of the Exercise Price in the form permitted in
the Plan, including payment by means of a broker-assisted exercise, as described
in the Plan, the appropriate officer of SEI shall cause the transfer of title of
the shares

                                      -2-
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purchased to Optionee on SEI's stock records and cause to be issued to Optionee
a stock certificate for the number of shares being acquired. Optionee shall not
have any rights as a shareholder until the stock certificate is issued to him.

                                       IV.

                                    Deferral

         Optionee may elect to defer receipt of all or any portion of the shares
of Common Stock, or any payment of cash or other consideration in lieu thereof,
that Optionee otherwise would receive upon exercise of the Option, pursuant to a
deferral arrangement that may be established by the Committee and is in effect
at the time of such election; provided, however, that the Committee shall have
no obligation to establish or maintain any such arrangement.

                                       V.

                       No Contract of Employment Intended

         Nothing in this Agreement shall confer upon Optionee any right to
continue in the employment of SEI or any of its subsidiaries, or to interfere in
any way with the right of SEI or any of its subsidiaries to terminate Optionee's
employment relationship with SEI or any of its subsidiaries at any time.

                                       VI.

                                 Binding Effect

         This Agreement shall inure to the benefit of and be binding upon the
parties hereto and their respective heirs, executors, administrators and
successors.

                                      VII.

                               Non-Transferability

         The Option granted hereby may not be transferred, assigned, pledged or
hypothecated in any manner, by operation of law or otherwise, other than by will
or by the laws of descent and distribution and shall not be subject to
execution, attachment or similar process.

                                      -3-
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                                      VIII.

                             Inconsistent Provisions

         The Option granted hereby is subject to the provisions of the Plan as
in effect on the date hereof and as it may be amended. In the event any
provision of this Agreement conflicts with such a provision of the Plan, the
Plan provision shall control. If any provision of this Agreement relating to the
Option conflicts with any provision of any employment or change of control
agreement between SEI and Optionee, the provision in the employment or change of
control agreement shall control.

         IN WITNESS WHEREOF the parties hereto have caused this Agreement to be
executed as of the day and year first above written.

                                     STEWART ENTERPRISES, INC.

                                     By:
                                          --------------------------------------
                                          James W. McFarland
                                          Chairman of the Compensation Committee
                                          of the Board of Directors

                                     -------------------------------------------

                                     --------------------------
                                     Optionee

                                      -4-
<PAGE>

                                     FORM OF
                             STOCK OPTION AGREEMENT
                                FOR THE GRANT OF
                      NON-QUALIFIED STOCK OPTIONS UNDER THE
                            STEWART ENTERPRISES, INC.
                        2000 INCENTIVE COMPENSATION PLAN

<Table>
<Caption>
                                                                EXERCISE
NAME                                                DATE        PRICE             SHARES
----                                                ----        --------          ------
<S>                                                 <C>         <C>               <C>

William E. Rowe                                     4/12/00     $  4.28125        500,000

Brian J. Marlowe                                    4/12/00     $  4.28125        200,000

Kenneth C. Budde                                    4/12/00     $  4.28125        140,000

Brent F. Heffron                                    4/12/00     $  4.28125        112,000

G. Kenneth Stephens, Jr.                            4/12/00     $  4.28125         70,000

Everett N. Kendrick                                 4/12/00     $  4.28125         70,000

Lawrence B. Hawkins                                 4/12/00     $  4.28125         42,000

Ronald H. Patron                                    4/12/00     $  4.28125         28,000

Michael K. Crane, Sr.                               4/12/00     $  4.28125          8,400

Randall L. Stricklin                                4/12/00     $  4.28125          8,400

Randall L. Stricklin                                4/20/00     $   4.1563        220,000

Lawrence B. Hawkins                                12/15/00     $   5.1600        250,000

Michael K. Crane, Sr.                               3/26/01     $   5.1600        220,000

G. Kenneth Stephens, Jr.                            3/26/01     $   5.1600         50,000

Everett N. Kendrick                                 5/23/01     $   6.9600         50,000

Randall L. Stricklin                                5/23/01     $   6.9600         50,000
</Table>

                                      -5-EXHIBIT 10.1

                          BUSINESS CONSULTING CONTRACT

4-20-01

TO: Dr Waseem Sayed
    Sayed Consulting Inc
    2400Ridgeway Dr Suit 409
    Chino Hill, CA 91709

Dear Dr Waseem Sayed,

Based upon our various conversations Capco Energy Inc. (Capco) agrees to retain
the services of Sayed Consulting Inc. (SCI) for providing certain public
relations services to the Company.

The terms of the contract and the services provided are specified hereinbelow:

1.   The services of SCI shall be retained for a period of five years commencing
     5-1-01(Effective date). and ending 4-31-06.(Termination Date)

2.    The services shall include public relations on behalf of the Company, the
      shareholders letter, news releases, increasing the market makers and
      seeking investment banking sources to enable the Company to fund its
      ongoing projects.

3.    Dr Waseem Sayed as the President of SCI shall be reporting to the CEO of
      Capco. It is anticipated that all public relations efforts of Capco to be
      carried out by SCI.

4.    Capco shall pay a monthly consulting fee of $5,000 plus non-accountable
      expenses of $2000/month, which shall include local auto expense,
      telephone, computer and other miscellaneous office expenses. In addition
      Capco shall reimburse all other accountable expenses which are undertaken
      by SCI and are subject to Capco's approval.

5.    So long the contract is full force by July 31 2001, Capco shall grant an
      options to SCI to acquire 350,000 shares of Capco at $1.00/per share
      expiring September 30th 2001. In addition so long as the contract is still
      in full force by September 30th 2001 and the previous options have been
      exercised then Capco shall grant an additional options to SCI to acquire
      500,000 share of Capco at $1.50 per share expiring April 30 2002.

6.    Either party can terminate this contract by giving a notice of 2 weeks to
      the other party. Capco's obligation in the event of termination by Capco
      shall be to pay all the unpaid but approved expenses and three months
      consulting fees. Capco's obligation in the event of termination by SCI
      shall only be the approved expenses and prorate consulting fees to the
      date of termination.

  If the above terms are acceptable then please execute a copy and forward to my
attention by 4-30-01.

Sincerely yours,                                     Accepted:

/s/ Ilyas Chaudhary                                  /s/ Waseem Sayed
-------------------                                  ----------------
Ilyas Chaudhary                                      Waseem Sayed
President
Capco Energy Inc.

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