Document:

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                                                                   EXHIBIT 10.63

                             STOCK OPTION AGREEMENT

      THIS STOCK OPTION AGREEMENT (the "Agreement") is made on ___________,
effective as of________, by and between Arcadia Resources, Inc., a Nevada
corporation (the "Company") and _____________, a ____________ resident
("Optionee").

                              WITNESSETH:

      WHEREAS, the Optionee is a member of the Board of Directors and such
Committees of the Board to which Optionee may be appointed from time to time;
and

      WHEREAS, the Company desires that the Optionee, in such capacities, exert
the utmost efforts to improve the business and increase the assets of the
Company.

      NOW, THEREFORE, in consideration of the Optionee's service to the Company
as a director and member of any committees of the Board to which Optionee may be
appointed, the Company agrees to compensate the Optionee and hereby agrees to
grant the Optionee options to purchase shares of the Company's common stock (the
"Common Stock"), upon the following terms and conditions:

      1. OPTIONS.

            (a) The Company hereby agrees to award and grant to the Optionee, on
      an annual basis and as long as Optionee is a member of the Company's Board
      of Directors, non-qualified stock options (the "Options") not intended to
      qualify under Section 422 of the Internal Revenue Code of 1986, as amended
      (the "Code"), to purchase, unless earlier terminated hereunder
      ("Termination Date"), shares of the Company's Common Stock, the value of
      which Options, on an annual basis, shall be equal to the amount referenced
      in Optionee's Director Compensation Agreement or such written addendum
      thereto or other written agreement as Optionee and the Company may enter
      into, with the number of shares issuable on exercise of such Options being
      determined according to mutually acceptable modeling techniques.

            (b) The Options to be awarded shall be exercisable at the closing
      price on the award date or the last business day preceding such date if on
      a weekend or a legal holiday (the "Purchase Price"), shall be issued in
      advance on July 1 of each year, and shall cover the subsequent period from
      July 1 to June 30 of each year.

            (c) The Options shall be exercisable for a period of seven (7) years
      from the date of each annual grant. The grant of Options hereunder shall
      be evidenced by a written instrument signed by the Company's Chairman and
      CEO or one or more directors or other officers of the Company as the Board
      of Directors may designate from time to time.

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      2. TAXES AND FEES. The Company shall pay all original issue or transfer
taxes on the exercise of the Options and all other fees and expenses necessarily
incurred by the Company in connection therewith.

      3. EXERCISE OF OPTIONS/ REGISTRATION.

            (a) The Optionee shall notify the Company by hand delivery or by
      registered or certified mail, return receipt requested, addressed to its
      principal office (Attn: Chief Executive Officer), as to the number of
      shares of Common Stock which the Optionee desires to purchase pursuant to
      the exercise of any of the Options herein granted, which notice shall be
      accompanied by (i) a certified or bank check payable to the order of the
      Company in an amount equal to the Purchase Price multiplied by the number
      of shares of Company's Common Stock for which the Options are being
      exercised, or (ii) the delivery of shares of Company's Common Stock having
      a fair market value equal to the Purchase Price multiplied by the number
      of shares of Company's Common Stock for which the Options are being
      exercised.

            (b) If the shares of Common Stock issuable upon exercise of the
      Options are registered under the Securities Exchange Act of 1934, as
      amended, the Optionee may, in his discretion, elect to exercise the
      Options in whole or in part and at any time or from time to time on a
      cashless basis by surrendering the Options with the exercise form appended
      hereto duly executed by or on behalf of the Optionee, at the principal
      office of the Company, or at such other office or agency as the Company
      may designate, by canceling a portion of the Options in payment of the
      Purchase Price payable in respect of the number of shares purchased upon
      such exercise. If the Optionee wishes to exercise the Options pursuant to
      this method of payment, then the number of shares so purchasable shall be
      equal to the total number of shares for which the Options are being
      exercised (including both the shares issued to the Optionee and the shares
      subject to the portion of the Options being cancelled in payment of the
      Purchase Price), multiplied by a fraction (A) the numerator of which shall
      be the excess of the Fair Market Value per share as of the exercise date
      over the Purchase Price per share and (B) the denominator of which shall
      be the Fair Market Value per share. The Fair Market Value per share shall
      be deemed to be the aggregate Market Price (as defined herein) of the
      Common Stock on the exercise date. For the purposes of the Options,
      "Market Price" means as to the Common Stock, the average of the closing
      sales prices of the Common Stock on all national securities exchanges on
      which the Common Stock may at the time be listed or quoted, including for
      this purpose The NASDAQ Stock Market, or, if there have been no sales on
      any such exchange on any day, or, if on any day the Common Stock is not so
      listed or quoted, the average of the highest bid and lowest asked prices
      on such day in the domestic over-the-counter market as reported by the
      National Quotation Bureau, Incorporated, or any similar successor
      organization.

            (c) If, at any time following the filing of a registration statement
      (including any amendments thereto) by the Company with the U.S. Securities
      and Exchange Commission, the Company proposes to register any of its
      securities under the Securities Act in connection with the offering of
      such securities by the Company or holders of such securities (except
      pursuant to a registration statement filed on Form S-4 or on Form S-8

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      or such other forms as shall be prescribed under the Securities Act for
      the same purposes or for any exchange offer) (a "Piggyback Registration"),
      the Company shall at such time promptly provide the Optionee written
      notice of its intention so to do. Upon the written request of the Optionee
      given within ten (10) days after providing of any such notice by the
      Company, the Company shall use reasonable efforts to cause to be
      registered under the Securities Act all of the Common Stock currently held
      or potentially held following the exercise of the Options by the Optionee.
      If the Company in its sole discretion decides a Piggyback Registration
      shall be underwritten, the Company shall have sole discretion in the
      selection of any underwriter or underwriters to manage such Piggyback
      Registration. If the managing underwriter or underwriters of a Piggyback
      Registration advise the Company in writing that in its or their opinion
      the number of registrable securities proposed to be sold in such Piggyback
      Registration exceeds the number which can be sold, or adversely affects
      the price at which the registrable securities are to be sold in such
      offering, the Company will include in such registration only the
      securities, if any, which, in the opinion of such underwriter or
      underwriters, can be sold in such offering or which will not materially
      adversely affect the price thereof. In the event that the contemplated
      distribution does not involve an underwritten offering, the determination
      that the inclusion of such registrable securities shall adversely affect
      the price or the number of securities which may be sold in such offering
      shall be made by the Company in its reasonable judgment upon advice and
      consultation with a nationally recognized investment banker. The
      securities so included in such Piggyback Registration shall be apportioned
      pro rata among the securities that the Company and any holder proposes to
      sell, according to the total number of securities requested for inclusion
      by all such parties, or in such other proportions as shall mutually be
      agreed to among the Company and such holders. It shall be a condition
      precedent to the obligations of the Company and any underwriter or
      underwriters to take any action pursuant to this Paragraph 3, that the
      Optionee participating in any Piggyback Registration shall furnish to the
      Company such information regarding him, the Common Stock held by him, the
      intended method of disposition of such Common Stock, and such agreements
      regarding indemnification, disposition of such securities and the other
      matters referred to in this Paragraph 3, as the Company shall reasonably
      request and as shall be required in connection with the action to be taken
      by the Company.

            (d) The Options granted hereunder shall vest immediately upon
      issuance, but subject to the provisions of Paragraph 4 below.

      4. OPTIONS CONDITIONED ON CONTINUED SERVICE.

            (a) If the Optionee shall be removed as a director and/or a member
      of the Audit Committee for cause, or if the Optionee resigns either or
      both positions voluntarily, the pro rata portion of the applicable Options
      granted to the Optionee hereunder as compensation for such position(s)
      shall expire immediately upon termination for the uncompleted portion of
      the annual term. If the Optionee shall be removed as a director and/or a
      member of the Audit Committee without cause, the applicable Options
      granted to the Optionee hereunder as compensation for such position(s)
      shall remain exercisable until the end of the term hereof.

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            (b) If the Optionee dies (i) while serving as a director and/or a
      member of the Audit Committee of the Company, or (ii) within three (3)
      months of termination of service other than for cause or voluntarily by
      the Optionee, the applicable Options may be exercised by a legatee or
      legatees of such Optionee under such Optionee's Last Will or by his
      personal representatives or distributees at any time within one year after
      his death, subject to the provisions of subparagraph (d) of this Paragraph
      4.

            (c) If the Optionee becomes disabled within the definition of
      Section 22(e)(3) of the Code while serving as a director and/or member of
      the Audit Committee, such applicable Options may, subject to the
      provisions of subparagraph (d) of this Paragraph 4, be exercised at any
      time within one year after Optionee's termination of service due to the
      disability.

            (d) The Options may not be exercised pursuant to this Paragraph 4
      except to the extent that the Optionee was entitled to exercise the
      Options at the time of termination of service, disability or death, and in
      any event may not be exercised after the original expiration date of the
      applicable Options.

      5. DIVISIBILITY AND ASSIGNABILITY OF THE OPTIONS.

            (a) The Optionee may exercise the Options herein granted from time
      to time, subject to the provisions above, with respect to any whole number
      of shares included therein, but in no event may any of the Options be
      exercised as to less than one hundred (100) shares at any one time, or the
      remaining shares covered by any of the Options if less than one hundred
      (100).

            (b) Except as specifically provided herein, the Optionee may not
      give, grant, sell, exchange, transfer legal title, pledge, assign or
      otherwise encumber or dispose of the Options herein granted or any
      interest therein, otherwise than by will or the laws of descent and
      distribution, and the Options herein granted, or any of them, shall be
      exercisable during the Optionee's lifetime only by the Optionee.

      6. STOCK AS INVESTMENT. By accepting the Options herein granted, the
Optionee agrees for himself, his heirs and legatees that any and all shares of
Common Stock received upon exercise of such Options hereunder shall be acquired
for investment purposes only and not for sale or distribution, and upon the
issuance of any or all of the shares of Common Stock issuable under the Options,
the Optionee, or his heirs or legatees receiving such shares of Common Stock,
shall deliver to the Company a representation in writing, that such shares of
Common Stock are being acquired in good faith for investment purposes only and
not for sale or distribution. Company may place a "stop transfer" order with
respect to such shares of Common Stock with its transfer agent and place an
appropriate restrictive legend on the stock certificate evidencing such shares
of Common Stock.

      7. RESTRICTION ON ISSUANCE OF SHARES. The Company shall not be required to
issue or deliver any certificate for shares of its Common Stock purchased upon
the exercise of any of the Options unless (a) the issuance of such shares has
been registered with the Securities and Exchange Commission under the Securities
Act of 1933, as amended, or counsel

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to the Company shall have given an opinion that such registration is not
required; (b) approval, to the extent required, shall have been obtained from
any state regulatory body having jurisdiction thereover, and (c) permission for
the listing of such shares shall have been given by any national securities
exchange on which the Common Stock of the Company is at the time of issuance
listed. Common Stock issued to the Optionee pursuant to this Agreement will be
subject to the Company's insider trading policy in effect from time to time.

      8. ADJUSTMENT ON CHANGES IN CAPITALIZATION.

            (a) In the event of changes in the outstanding Common Stock of the
      Company by reason of stock dividends, stock splits, recapitalizations,
      reclassifications, combinations and exchanges of shares, the number of
      shares of Common Stock as to which the Options may be exercised, shall be
      correspondingly adjusted by the Company, and the Purchase Price shall be
      adjusted so that the product of the Purchase Price immediately after such
      event multiplied by the number of Options subject to this Agreement
      immediately after such event shall be equal to the product of the Purchase
      Price multiplied by the number of shares subject to this Agreement
      immediately prior to the occurrence of such event. No adjustment shall be
      made with respect to stock dividends or splits which do not exceed 5% in
      any fiscal year, cash dividends or the issuance to stockholders of the
      Company of rights to subscribe for additional shares of Common Stock or
      other securities. Anything to the contrary contained herein
      notwithstanding, the Board of Directors of the Company shall have the
      discretionary power to take any action necessary or appropriate to prevent
      the Options from being disqualified by virtue of not being "Non-Qualified
      Stock Options" under the United States income tax laws then in effect.

            (b) In the event of any consolidation or merger of the Company with
      or into another company, or the conveyance of all or substantially all of
      the assets of the Company to another company for solely stock and/or
      securities, each of the then unexercised Options granted hereunder shall
      upon exercise thereafter entitle the holder thereof to such number of
      shares of Common Stock or other securities or property to which a holder
      of shares of Common Stock of the Company would have been entitled to upon
      such consolidation, merger or conveyance; and in any such case appropriate
      adjustment, as determined by the Board of Directors of the Company (or
      successor entity) shall be made as set forth above with respect to any
      future changes in the capitalization of the Company or its successor
      entity. In the event of the proposed dissolution or liquidation of the
      Company, or, except as provided in (d) below, the sale of substantially
      all the assets of the Company for other than stock/and or securities, all
      unexercised Options granted hereunder will automatically terminate, unless
      otherwise provided by the Board of Directors of the Company or any
      authorized committee thereof.

            (c) Any adjustment in the number of shares of Common Stock shall
      apply proportionately to the unexercised portion of the Options granted
      hereunder. If fractions of a share of Common Stock would result from any
      such adjustment, the adjustment shall be revised to the next higher whole
      number of shares of Common Stock so long as such increase does not result
      in the Optionee being deemed to own more than 3% of the total

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      combined voting power or value of all classes of shares of capital stock
      of the Company or subsidiaries.

            (d) If any of the unexercised Options are not terminated pursuant to
      subparagraph (b) above, any Options granted under the Plan may, at the
      discretion of the Board of Directors of the Company and said other
      corporation, be exchanged for options to purchase shares of capital stock
      of another corporation which the Company and/or a subsidiary thereof is
      merged into, consolidated with, or all or a substantial portion of the
      property or stock of which is acquired by or separated or reorganized
      into. The terms, provisions and benefits to the Optionee of such
      substitute options shall in all respects be identical to the terms,
      provisions and benefits to the Optionee under the Options prior to said
      substitution. To the extent the above may be inconsistent with Sections
      424(a)(1) and (2) of the Code, the above shall be deemed interpreted so as
      to comply therewith.

      9. NO RIGHTS IN OPTION STOCK. The Optionee shall have no rights as a
shareholder in respect of shares of Common Stock as to which the Options granted
hereunder shall not have been exercised and payment made as herein provided.

      10. BINDING EFFECT. Except as herein otherwise expressly provided, this
Agreement shall be binding upon and inure to the benefit of the parties hereto,
their successors, legal representatives and assigns.

      11. WITHHOLDING. The Optionee agrees to cooperate with the Company to take
all steps necessary as appropriate for the withholding of taxes by the Company
if required under law or regulation in connection therewith. In the event the
Optionee does not make the required withholding payment at the time of exercise,
the Company may make such provisions and take such steps as it, in its sole
discretion, may deem necessary or appropriate for the withholding of any taxes
that the Company is required by any law or regulation of any governmental
authority, whether federal, state or local, domestic or foreign, to withhold in
connection with the exercise of the Options, including, but not limited to, (i)
the withholding of payment of all or any portion of such Options or compensation
until the Optionee reimburses the Company for the amount the Company is required
to withhold with respect to such taxes, or (ii) the canceling of any number of
shares of Common Stock issuable upon exercise of such Options or compensation in
an amount sufficient to reimburse the Company for the amount it is required to
so withhold, (iii) the selling of any property contingently credited by the
Company for the purpose of exercising such Options or compensation, in order to
withhold or reimburse the Company for the amount it is required to so withhold,
and/or (iv) withholding the amount due from the Optionee's wages if he is
employed by the Company or any subsidiary thereof.

      12. MISCELLANEOUS. This Agreement shall be construed under the laws of the
State of Michigan, without application to the principles of conflicts of laws.
Headings have been included herein for convenience of reference only, and shall
not be deemed a part of the Agreement. References in this Agreement to the
pronouns "him," "he" and "his" are not intended to convey the masculine gender
alone and are employed in a generic sense and apply equally to the feminine
gender or to an entity.

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

                                   ARCADIA RESOURCES, INC.

                                   By:  ________________________________________

                                   Its: ________________________________________

                                   ACCEPTED AND AGREED TO:

                                   By:  ________________________________________
                                        Optionee

                                        ________________________________________
                                        Social Security Number

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                               EXERCISE OF OPTION

                                       TO

                                 PURCHASE SHARES

TO: Arcadia Resources, Inc.

      The undersigned hereby (i) exercises the enclosed Option for the purchase
of _____________ shares of Common Stock according to the terms and conditions of
Paragraph 3(a) thereof and herewith makes payment of $_____________ representing
the Purchase Price in full or (ii) authorizes the Company to convert ___________
shares of the Common Stock covered by such Option into the number of shares of
Common Stock issuable pursuant to Paragraph 3(b) of the Option. The undersigned
is acquiring such shares for investment purposes only and not with a view to the
sale or distribution thereof, except pursuant to registration under the
Securities Act of 1933, as amended, or an exemption therefrom.

                                   _____________________________________________
                                   Name (please print)

                                   _____________________________________________
                                   Signature

                                   _____________________________________________
                                   Social Security or Taxpayer I.D. Number

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                                                                   EXHIBIT 10.64

                             ARCADIA RESOURCES, INC.

                        RESTRICTED STOCK GRANT AGREEMENT

      This RESTRICTED STOCK GRANT AGREEMENT (the "Agreement") is made as of the
effective date specified below (the "Effective Date") by and between ARCADIA
RESOURCES, INC., a Nevada corporation (the "Company"), and the undersigned
employee of the Company or one or more of the Company's subsidiaries (the
"Holder"). The Company and Holder are sometimes referred to individually as a
"Party" and collectively as the "Parties."

                                    RECITALS

      A. The Company desires that Holder exert his or her utmost efforts to
improve the business and increase the assets of the Company.

      B. As a matter of separate inducement and not in lieu of salary, other
compensation or benefits payable for the services of Holder, the Company,
contingent on and subject to the terms and conditions of this Agreement, desires
to grant Holder shares of the Company's fully-paid and non-assessable common
stock, $0.001 par value per share, which are restricted securities within the
meaning of and subject to the holding period and other restrictions provided
herein (the "Restricted Stock"). Shares of the Restricted Stock are individually
referred to as a "Share" and collectively as the "Shares."

                                    AGREEMENT

      Now, therefore, in consideration of the mutual covenants set forth below,
and other good and valuable consideration, the adequacy and receipt of which are
acknowledged, the Parties agree as follows:

      1. GRANT OF RESTRICTED STOCK. Subject to and contingent on satisfaction of
all of the terms and conditions of this Agreement, the Company hereby grants to
Holder up to that total number of Shares of the Company's Restricted Stock as
are specified on the Notice of Award attached and incorporated herein by this
reference, contingent on and subject to Vesting and forfeiture as specified
herein and the other terms and conditions, if any, specified in the Notice of
Award. Nothing in this Agreement shall confer upon Holder any right to commence
or continue employment with the Company or of any of its subsidiaries, nor
interfere in any way with the right of the Company or any subsidiary to
terminate Holder's employment in accordance with Holder's employment agreement.

      2. VESTING. Shares of the Restricted Stock shall vest as described in the
Notice of Award, provided that in the event of a Change in Control of the
Company while Holder is employed by the Company, all Non-Vested Shares shall
automatically become Vested. All shares of the Restricted Stock which have not
Vested are "Non-Vested Shares." Holder shall have rights as a shareholder in
Vested Shares of the Restricted Stock. Any purported attempt by Holder to
transfer any interest in Non-Vested Shares of the Restricted Stock shall be null
and void and not binding on the Company. All shares of the Restricted Stock
shall vest in advance,

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not in arrears, and upon any termination of employment, whether by the Company
or Holder, whether for cause or without cause, all Non-Vested Shares of the
Restricted Stock shall be automatically forfeited and shall be null and void. As
used herein, the term "Change in Control" shall have the same meaning given to
such term in the Corporation's 2002 Employee Stock Incentive Plan. Nothing
herein shall be construed to modify Holder's terms of employment with the
Company.

      3. ADDITIONAL PROVISIONS. Vesting of Shares of the Restricted Stock shall
additionally be conditioned and contingent on the satisfaction of all of the
terms and conditions of this Agreement, including but not limited to each of the
following:

            3.1. Holder shall have been in compliance with, and shall not have
      breached, the terms of Holder's employment agreement with the Company or
      its subsidiary, including confidentiality and covenant not to compete
      provisions.

            3.2. Holder shall be in compliance with the Company's policies on
      insider trading and policies relating to the purchase and sale of Company
      securities by Company employees, to the extent applicable.

            3.3. The Shares shall have been registered under the Securities Act
      of 1933, as amended, and under any applicable state securities laws, or
      shall qualify for an exemption from registration under the Act and
      applicable state law.

            3.4. No more than the total aggregate number of Shares of Restricted
      Stock specified in the Notice of Award shall be subject to Vesting.

      4. TAX OBLIGATIONS AND WITHHOLDINGS. Holder shall be responsible for all
tax obligations arising from the grant and vesting of the Restricted Stock.
Holder agrees to the withholding of taxes as the Company deems necessary as
required by law or regulation.

      5. NONTRANSFERABILITY. This Agreement and Non-Vested Shares shall not be
transferred, pledged, assigned, hypothecated or disposed of in any manner,
including by will or the laws of descent and distribution and by operation of
law, and shall not be subject to execution, attachment, or similar process. Any
attempted assignment, transfer, pledge, hypothecation, or other disposition
contrary to the provisions hereof, including the levy of any execution,
attachment, or similar process, shall be null and void and not binding on the
Company.

      6. CHANGES IN CAPITAL STRUCTURE.

            6.1. In the event of changes in the outstanding Common Stock of the
      Company by reason of a stock dividend, stock split, reverse stock split,
      reorganization, recapitalization, merger, consolidation, liquidation,
      separation, combination or exchange of stock, change in the Company's
      business structure or sale or transfer of all or any part of the Company's
      business or assets (referred to as a "Capital Adjustment"), the number of
      Shares of Restricted Stock subject to this Agreement shall be adjusted by
      the Company consistent with such Capital Adjustment. No such adjustment
      shall be made with respect to (i) stock dividends or stock splits which do
      not exceed five percent (5%) in any fiscal

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      year, (ii) cash dividends, or (iii) the issuance to shareholders of the
      Company or others of rights to subscribe for additional Shares of Common
      Stock or other securities. If fractions of a Share of Restricted Stock
      would result from any such adjustment, the adjustment shall be revised to
      the next lowest whole number of Shares, so that no fraction of a Share
      shall be issued.

            6.2. In the event of the proposed dissolution or liquidation of the
      Company, or, except as provided in Section 6.3 below, the sale of
      substantially all the assets of the Company for other than stock/and or
      securities, all Non-Vested Shares of Restricted Stock shall automatically
      terminate, unless otherwise provided by the Company's Board of Directors.

            6.3. Unless terminated pursuant to Section 6.2, above, Non-Vested
      Shares may, at the discretion of the Board of Directors of the Company and
      the other corporation, be exchanged for restricted capital stock of
      another corporation which the Company and/or a subsidiary thereof is
      merged into, consolidated with, or all or a substantial portion of the
      property or stock of which is acquired by or separated or reorganized
      into. The terms, provisions and benefits to Holder of such substitute
      securities shall in all respects be identical to the terms, provisions and
      benefits of Holder under this Agreement prior to such substitution.

      7. REGISTRATION OF RESALE OF SHARES BY HOLDER. The Company agrees to
register under the Securities Act of 1933, as amended, Holder's resale of Shares
of Restricted Stock in the event that the Company registers other securities on
a form for which the Shares of Restricted Stock may be included, subject to
applicable law, rules and regulations and the terms of this Agreement.

      8. REPRESENTATIONS BY HOLDER. Holder acknowledges, covenants, represents
and warrants to Company, as of the Effective Date and on a continuing basis
thereafter, including as of the date of each vesting of the Shares of Restricted
Stock, each of the following:

            8.1. All Shares shall be acquired for investment purposes only, for
      Holder's own account, and not with a view towards, or for resale in
      connection with, the public sale or distribution thereof. Holder does not
      have any agreement or understanding, directly or indirectly, with the
      Company or any other person to distribute or resell any of the Shares.

            8.2. The Company has granted the Shares without the payment or
      exchange of consideration or value by Holder, other than Holder's
      agreement to the terms and conditions of this Agreement and Holder's
      employment agreement with the Company or its subsidiary, including
      confidentiality and covenant not to compete provisions.

            8.3. Holder has not acquired the Shares as a result of any
      advertisement, article, notice or other communication regarding the Shares
      published in any newspaper, magazine or similar media or broadcast over
      television or radio or presented at any seminar or any other general
      solicitation or general advertisement.

            8.4. Holder is (i) an "accredited investor" as defined in Rule
      501(a) of Regulation D promulgated by the U.S. Securities and Exchange
      Commission (the

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      "Commission") or (ii) if not an "accredited investor," either alone or
      with its purchaser representative(s), has such knowledge and experience in
      financial and business matters that it is capable of evaluating the merits
      and risks of investment in the Shares and acknowledges that the Company
      reasonably believes that Holder comes within this description.

            8.5. Holder understands that Holder is obligated to comply with all
      tax obligations applicable to Holder relative to the Restricted Stock and
      that Holder may not be permitted by the terms of this Agreement or
      applicable law to sell Shares of the Restricted Stock in order to satisfy
      such tax obligations.

            8.6. Holder and/or its purchaser representative(s), if any, have
      obtained or have been furnished and are familiar with all publicly
      available financial, operational, business and other data, statements,
      information and materials relating to the business, finances, prospects
      and operations of the Company and such other publicly available materials
      as have been requested from the Company.

            8.7. Holder agrees and acknowledges that Holder's ability to sell
      Vested Shares is conditioned and contingent on registration under the
      Securities Act of 1933, as amended, and under any applicable state
      securities laws, or the furnishing by counsel to the Company of an opinion
      that such transaction(s) qualify for an exemption from registration.
      Holder's right or ability to sell, transfer, pledge or otherwise dispose
      of the Shares is severely limited by applicable federal and state
      securities laws. Holder agrees to sell, transfer or otherwise dispose of
      Vested Shares only in compliance with applicable state and federal
      securities laws, including in the absence of an effective registration
      statement public resale in compliance with Rule 144 promulgated by the
      Commission which, among other requirements, shall require Holder to comply
      with the volume limitation, manner of sale and minimal one-year holding
      period.

      9. ISSUANCE OF SHARE CERTIFICATES. The Company shall not be required to
issue or deliver any certificate evidencing the Shares, except if required by
applicable state law. The Company may place a "stop transfer" order with its
transfer agent and place a restrictive legend on any stock certificate
evidencing the Shares, including a legend stating that the Shares are Restricted
Shares subject to the terms of this Agreement, including forfeiture as provided
herein. In addition, Holder agrees to the imprinting, so long as the Company
determines is required under applicable federal and state securities laws, of a
legend on any stock certificate evidencing Shares in substantially the following
form or such other form as the Company shall require:

      THE SHARES OF STOCK REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN
      REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE LAW.
      THE SHARES HAVE BEEN ACQUIRED FOR INVESTMENT AND MAY NOT BE SOLD,
      TRANSFERRED OR ASSIGNED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION
      STATEMENT FOR THESE SHARES UNDER THE SECURITIES ACT OF 1933 AND ANY
      APPLICABLE STATE LAW OR AN OPINION OF THE COMPANY'S COUNSEL THAT
      REGISTRATION IS NOT REQUIRED.

                                  Page 4 of 7

<PAGE>

Holder agrees that any removal of the restrictive legend from certificates
representing Shares, which removal shall first be authorized by the Company, is
predicated on the Company's reliance on, and Holder's agreement, that it will
not sell any Shares except pursuant to either the registration requirements of
the Act or an exemption therefrom. If required by the Company, Holder shall pay
the Company's reasonable expenses in connection a request to remove such legend.

      10. GOVERNING LAW AND ARBITRATION. This Agreement and all disputes related
to this Agreement or the Restricted Stock shall be governed by and construed in
accordance with the laws of the State of Florida, notwithstanding the fact that
either party hereto is or may hereafter become domiciled or located in a
different state. Any dispute, controversy or claim arising out of or relating to
this to this Agreement or the Restricted Stock shall be resolved at arbitration
in accordance with the rules of the American Arbitration Association, except for
any equitable or injunctive relief sought by the Company. The arbitration shall
be held at a location within Collier County, Florida. The parties hereto agree
that any arbitration award rendered on any claim submitted to arbitration shall
be final and binding upon the parties and not subject to appeal and that
judgment may be entered upon any arbitration award by any court of competent
jurisdiction. The parties hereto agree that the expenses of any arbitration
shall be borne equally by the parties to the proceeding, except that the party
determined to have prevailed shall be awarded its reasonable attorneys fees and
costs of its own experts, evidence and the like. Holder acknowledges and agrees
that by making this agreement to submit all claims to binding arbitration,
Holder hereby waives the right to litigate in a court of law, and to trial by
jury if applicable.

      11. BINDING EFFECT AND WAIVER OF BREACH. Except as herein otherwise
expressly provided, this Agreement shall be binding upon and inure to the
benefit of the Parties and their respective successors and assigns. The waiver
of breach of any provision of this Agreement shall not operate or be construed
as a waiver of any subsequent breach. Each and every right, remedy and power
hereby granted to any Party or allowed it by law shall be cumulative and not
exclusive of any other.

      12. SEVERABILITY. If any of the provisions of this Agreement or the
application thereof to any Party under any circumstances is adjudicated to be
invalid or unenforceable, such invalidity or unenforceability shall not affect
any other provision of this Agreement or the application thereof.

      13. INTERPRETATION OF AGREEMENT. Where appropriate in this Agreement,
words used in the singular shall include the plural, and words used in the
masculine shall include the feminine and neuter. All headings that are used in
this Agreement are for the convenience of the reader only and shall not be used
to limit or construe any of the provisions hereof.

      14. SURVIVAL OF PROVISIONS. The representations, warranties, covenants,
obligations and undertakings of Holder under this Agreement are continuing and
shall survive performance hereunder.

                                  Page 5 of 7

<PAGE>

      15. AMENDMENT OF AGREEMENT. The terms and provisions of this Agreement may
be altered or amended in any of their provisions only by the mutual written
agreement of the Parties hereto.

      16. SUCCESSORS. The Agreement shall inure to the benefit of the Company
and its successors and assigns, but may not be assigned or delegated by Holder.

      17. ADVICE OF COUNSEL. Holder is entering into this contract freely and
voluntarily and has been advised to seek the advice of her legal counsel prior
to entering into this Agreement.

      18. ENTIRE AGREEMENT. This Agreement constitutes the entire agreement
between the Parties with respect to the subject matter hereof and supersedes any
and all other previous or contemporaneous communications, representations,
understandings, agreements, negotiations and discussions, either oral or
written, between the Parties with respect to the subject matter hereof,
including Holder's employment agreement with the Company to the extent, if any,
that it purports to contradict or vary the terms of this Agreement. The Parties
acknowledge and agree that there are no written or oral agreements,
understandings, or representations, directly or indirectly related to this
Agreement that are not set forth herein.

      19. COUNTERPART/FACSIMILE SIGNATURES. This Agreement may be executed in
two or more counterparts, each of which shall be deemed an original, and all of
which together shall constitute one and the same Agreement. For purposes of this
Agreement, a facsimile or PDF signature shall be valid and enforceable as an
original.

      20. INCORPORATION OF RECITALS. The Recitals set forth above are
incorporated herein by reference.

      IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of
the Effective Date.

                                   ARCADIA RESOURCES, INC.,
                                   a Nevada corporation

                                   By:  ________________________________________

                                   Its: ________________________________________

                                   ACCEPTED AND AGREED TO BY HOLDER:

                                   _____________________________________________

                                  Page 6 of 7

<PAGE>

                                 NOTICE OF AWARD

NAME OF HOLDER:  _______________

EFFECTIVE DATE OF AGREEMENT/GRANT OF AWARD:  ______________

AGGREGATE NUMBER OF SHARES OF RESTRICTED STOCK SUBJECT TO AWARD: Up to _______
Shares.

VESTING: Shares of the Restricted Stock shall Vest as follows: ________________.

OTHER:   ______________________________.

                                   ARCADIA RESOURCES, INC.,
                                   a Nevada corporation

                                   By:  ________________________________________

                                   Its:

                                   ACCEPTED AND AGREED TO BY HOLDER:

                                   _____________________________________________

                                  Page 7 of 7

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