Document:

Unassociated Document

     

    
      EXHIBIT
4.5

       

       

      13 March
2009

       

      
        
          
            
              
                
                  
                    
                      
                        
                          	
                                  The
      Directors

                                	
                                  The
      Directors

                                
	
                                  Samson
      Oil and Gas USA, Inc.

                                	
                                  Samson
      Oil and Gas Limited

                                
	
                                  1726
      Cole Blvd, Suite 210

                                	
                                  Level
      36, Exchange Plaza

                                
	
                                  Lakewood,
      Colorado

                                	
                                  2
      The Esplanade

                                
	
                                  80401

                                	
                                  Perth
      WA 6000

                                
	
                                  United
      States of America

                                	
                                  Australia

                                
	 
      	 
      
	
                                  Attention:
      Mr.  Robert Gardner

                                	
                                  Attention:
      Mr. Terry Barr

                                

                        

                         

                      

                    

                  

                

              

            

          

        

      

      Dear
Sirs,

      

      LETTER
AGREEMENT REGARDING THE

      SYNDICATED
CONVERTIBLE LOAN FACILITY AGREEMENT

      

      We refer
to the Syndicated Convertible Loan Facility Agreement dated 26 May 2006 between
Samson Oil and Gas USA, Inc (“Samson”), Macquarie Bank
Limited as Agent and Security Trustee (“Macquarie”), Samson Oil and
Gas Limited (“Parent”),
each party listed in Schedule 1 and each party listed in Schedule 2, as amended
from time to time (the “Facility
Agreement”).

      

      Samson
has requested the Financiers to cancel the Tranche A Call Options and the
Tranche B Call Options in exchange for the Parent issuing 36,800,000 ordinary
shares (“Shares”) to the
Financiers in proportion to their respective commitment in the following
manner:

      

      
        	
                 
      

              	
                l.

              	
                29.3
      million Shares to be issued immediately upon appropriate documentation
      being executed;

              

      

      

      
        	
                 
      

              	
                2.

              	
                2
      million Shares to be issued to the Financiers by no later than 1 July
      2009; and

              

      

      

      
        	
                 
      

              	
                3.

              	
                the
      balance of 5.5 million Shares to be issued to the Financiers by no later
      than 30 November 2009.

              

      

      
        (“Proposed
Transaction”).

      

      

      Macquarie
hereby confirms the Financiers consent to Samson’s request subject to the
following conditions being met:

      

      
        	
                 
      

              	
                1.

              	
                all
      legal costs and expenses in relation to the preparation and execution of
      any amendment agreement to the Facility Agreement and other Transaction
      Documents are to be borne by Samson;
and

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                 
      

              	
                2.

              	
                Samson
      and the Parent must obtain all requisite approvals and have entered into
      subscription and amendment documentation on terms satisfactory to
      Macquarie and the Financiers to effect the Proposed Transaction by the
      relevant dates.

              

      

      

      Could you
please acknowledge your agreement with the terms of this letter by signing and
returning a copy of the letter to Macquarie.  Upon acceptance by
execution in the manner provided herein, the Parties agree that this letter
agreement will be a Transaction Document for the purposes of the Facility
Agreement.

      

      Unless
otherwise defined in this letter agreement, terms defined in the Facility
Agreement bear the same meanings when used in this letter
agreement.

      

      

      Yours
faithfully

      

      

      
        	
                /s/
      Vanessa Lenthall

              	
                /s/
      Robert McRobbie

              
	
                Vanessa
      Lenthall

              	
                Robert
      McRobbie

              
	
                Division
      Director

              	
                Division
      Director

              
	
                Metals
      and Energy Capital Division

              	
                Legal
      Risk Management Division

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      ACCEPTANCE
OF TERMS

      

      

      Samson
Oil and Gas USA, Inc. acknowledges, accepts and agrees to the terms contained
herein.

      

      

      Signed
by

      SAMSON OIL AND GAS USA,
INC.

      by its
authorised signatories:

      

      

      
        
          	
                  /s/ Robyn Lamont

                	 
      	
                  /s/ Terry Barr

                
	
                  Secretary/Director

                	 
      	
                  Director

                
	 	 	 
	 
      	 
      	 
      
	
                  Robyn Lamont

                	 
      	
                  Terry Barr

                
	
                  Name
      (please print)

                	 
      	
                  Name
      (please print)

                

        

      

      

      

      Samson
Oil and Gas Limited acknowledges, accepts and agrees to the terms contained
herein.

      

      Signed
by

      SAMSON
OIL AND GAS LIMITED

      ABN
25 009 069 005

      by its
authorised signatories:

      

      

      
        
          
            
              	 
      	 
      	
                      /s/ Terry Barr

                    
	
                      Secretary/Director

                    	 
      	
                      Director

                    
	 	 	 
	 
      	 
      	 
      
	 
      	 
      	
                      Terry Barr

                    
	
                      Name
      (please print)

                    	 
      	
                      Name
      (please print)Unassociated Document

    

    
      	
              BODISEN
      BIOTECH, INC.

            
	
              2010
      INCENTIVE STOCK PLAN

            
	
                          

            

    

    

    This
Bodisen Biotech, Inc.  2010
Incentive Stock Plan (the "Plan") is designed to retain
directors, executives and selected employees and consultants and reward them for
making major contributions to the success of the Company.  These
objectives are accomplished by making long-term incentive awards under the Plan
thereby providing Participants with a proprietary interest in the growth and
performance of the Company.

    

    
      	
              1.

            	
              Definitions.

            

    

    

    
      	
            	
              (a)

            	
              "Board" - The Board of
      Directors of the Company.

            

    

    

    
      	
            	
              (b)

            	
              "Code" - The Internal
      Revenue Code of 1986, as amended from time to
  time.

            

    

    

    
      	
            	
              (c)

            	
              "Committee" - The
      Compensation Committee of the Company's Board, or such other committee of
      the Board that is designated by the Board to administer the Plan, composed
      of not less than two members of the Board all of whom are disinterested
      persons, as contemplated by Rule 16b-3 ("Rule 16b-3") promulgated
      under the Securities Exchange Act of 1934, as amended (the "Exchange
      Act").

            

    

    

    
      	
            	
              (d)

            	
              "Company"
      –  Bodisen Biotech, Inc. and its subsidiaries, including
      subsidiaries of subsidiaries.

            

    

    

    
      	
            	
              (e)

            	
              "Delaware
      Securities
      Rules" – Delaware General Corporation
  Law.

            

    

    

    
      	
            	
              (f)

            	
              "Exchange Act" - The Securities
      Exchange Act of 1934, as amended from time to
  time.

            

    

    

    
      	
            	
              (g)

            	
              "Fair Market Value" - The
      fair market value of the Company's issued and outstanding Stock as
      determined in good faith by the Board or
  Committee.

            

    

    

    
      	
            	
              (h)

            	
              "Grant" - The grant of
      any form of stock option, stock award, or stock purchase offer, whether
      granted singly, in combination or in tandem, to a Participant pursuant to
      such terms, conditions and limitations as the Committee may establish in
      order to fulfill the objectives of the
Plan.

            

    

    

    
      	
               
      

            	
              (i)

            	
              "Grant Agreement" - An
      agreement between the Company and a Participant that sets forth the terms,
      conditions and limitations applicable to a
  Grant.

            

    

    

    
      	
               
      

            	
              (j)

            	
              "Option" - Either an
      Incentive Stock Option, in accordance with Section 422 of the Code, or a
      Nonstatutory Option, to purchase the Company's Stock that may be awarded
      to a Participant under the Plan. A Participant who receives an award of an
      Option shall be referred to as an "Optionee."

            

    

    

    
      	
            	
              (k)

            	
              "Participant" - A
      director, officer, employee or consultant of the Company to whom an Award
      has been made under the Plan.

            

    

    

    
      	
               
      

            	
              (l)

            	
              "Restricted Stock Purchase
      Offer" - A Grant of the right to purchase a specified number of
      shares of Stock pursuant to a written agreement issued under the
      Plan.

            

    

    

    
      	
            	
              (m)

            	
              "Securities Act" - The
      Securities Act of 1933, as amended from time to
  time.

            

    

    

    
      	
            	
              (n)

            	
              "Stock" - Authorized and
      issued or unissued shares of common stock of the
  Company.

            

    

    

    
      	
            	
              (o)

            	
              "Stock Award" - A Grant
      made under the Plan in stock or denominated in units of stock for which
      the Participant is not obligated to pay additional
      consideration.

            

    

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    
      	
              2.

            	
              Administration.

            

    

    

    The Plan shall be administered by the
Board, provided however, that the Board may delegate such administration to the
Committee. Subject to the provisions of the Plan, the Board and/or the Committee
shall have authority to (a) grant, in its discretion, Incentive Stock Options in
accordance with Section 422 of the Code, or Nonstatutory Options, Stock Awards
or Restricted Stock Purchase Offers; (b) determine in good faith the fair market
value of the Stock covered by any Grant; (c) determine which eligible persons
shall receive Grants and the number of shares, restrictions, terms and
conditions to be included in such Grants; (d) construe and interpret the Plan;
(e) promulgate, amend and rescind  rules and regulations relating to
its administration, and correct defects, omissions and inconsistencies in the
Plan or any Grant; (f) consistent with the Plan and with the consent of the
Participant, as appropriate, amend any outstanding Grant or amend the exercise
date or dates thereof; (g) determine the duration and purpose of leaves of
absence which may be granted to Participants without constituting termination of
their employment for the purpose of the Plan or any Grant; and (h) make all
other determinations necessary or advisable for the Plan's administration. The
interpretation and construction by the Board of any provisions of the Plan or
selection of Participants shall be conclusive and final. No member of the Board
or the Committee shall be liable for any action or determination made in good
faith with respect to the Plan or any Grant made thereunder.

    

    
      	
              3.

            	
              Eligibility.

            

    

    

    
      	
            	
              (a)

            	
              General:  The
      persons who shall be eligible to receive Grants shall be directors,
      officers, employees or consultants to the Company. The term consultant
      shall mean any person, other than an employee, who is engaged by the
      Company to render services and is compensated for such services. An
      Optionee may hold more than one Option. Any issuance of a Grant to an
      officer or director of the Company subsequent to the first registration of
      any of the securities of the Company under the Exchange Act shall comply
      with the requirements of Rule
16b-3.

            

    

    

    
      	
            	
              (b)

            	
              Incentive Stock
      Options:  Incentive Stock Options may only be issued to
      employees of the Company. Incentive Stock Options may be granted to
      officers or directors, provided they are also employees of the Company.
      Payment of a director's fee shall not be sufficient to constitute
      employment by the Company.

            

    

    

    The Company shall not grant an
Incentive Stock Option under the Plan to any employee if such Grant would result
in such employee holding the right to exercise for the first time in any one
calendar year, under all Incentive Stock Options granted under the Plan or any
other plan maintained by the Company, with respect to shares of Stock having an
aggregate Fair Market Value, determined as of the date of the Option is granted,
in excess of $100,000. Should it be determined that an Incentive Stock Option
granted under the Plan exceeds such maximum for any reason other than a failure
in good faith to value the Stock subject to such option, the excess portion of
such option shall be considered a Nonstatutory Option. To the extent the
employee holds two (2) or more such Options which become exercisable for the
first time in the same calendar year, the foregoing limitation on the
exercisability of such Option as Incentive Stock Options under the Federal tax
laws shall be applied on the basis of the order in which such Options are
granted. If, for any reason, an entire Option does not qualify as an Incentive
Stock Option by reason of exceeding such maximum, such Option shall be
considered a Nonstatutory Option.

    

    
      	
            	
              (c)

            	
              Nonstatutory
      Option: The provisions of the foregoing Section 3(b) shall not
      apply to any Option designated as a "Nonstatutory Option" or
      which sets forth the intention of the parties that the Option be a
      Nonstatutory Option.

            

    

    

    
      	
            	
              (d)

            	
              Stock Awards and
      Restricted Stock Purchase Offers:  The provisions of this
      Section 3 shall not apply to any Stock Award or Restricted Stock Purchase
      Offer under the Plan.

            

    

    

    
      	
              4.

            	
              Stock.

            

    

    

    
      	
            	
              (a)

            	
              Authorized
      Stock: Stock subject to Grants may be either unissued or reacquired
      Stock.

            

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    
      	
            	
              (b)

            	
              Number of
      Shares:  Subject to adjustment as provided in Section
      5(i) of the Plan, the total number of shares of Stock which may be
      purchased or granted directly by Options, Stock Awards or Restricted Stock
      Purchase Offers, or purchased indirectly through exercise of Options
      granted under the Plan shall not exceed 2,800,000 (Two Million Eight
      Hundred Thousand) shares. If any Grant shall for any reason terminate or
      expire, any shares allocated thereto but remaining unpurchased upon such
      expiration or termination shall again be available for Grants with respect
      thereto under the Plan as though no Grant had previously occurred with
      respect to such shares. Any shares of Stock issued pursuant to a Grant and
      repurchased pursuant to the terms thereof shall be available for future
      Grants as though not previously covered by a
  Grant.

            

    

    

    
      	
            	
              (c)

            	
              Reservation of
      Shares:  The Company shall reserve and keep available at
      all times during the term of the Plan such number of shares as shall be
      sufficient to satisfy the requirements of the Plan. If, after reasonable
      efforts, which efforts shall not include the registration of the Plan or
      Grants under the Securities Act, the Company is unable to obtain authority
      from any applicable regulatory body, which authorization is deemed
      necessary by legal counsel for the Company for the lawful issuance of
      shares hereunder, the Company shall be relieved of any liability with
      respect to its failure to issue and sell the shares for which such
      requisite authority was so deemed necessary unless and until such
      authority is obtained.

            

    

    

    
      	
            	
              (d)

            	
              Application of
      Funds: The proceeds received by the Company from the sale of Stock
      pursuant to the exercise of Options or rights under Stock Purchase
      Agreements will be used for general corporate
  purposes.

            

    

    

    
      	
            	
              (e)

            	
              No Obligation to
      Exercise: The issuance of a Grant shall impose no obligation upon
      the Participant to exercise any rights under such
  Grant.

            

    

    

    
      	
              5.

            	
              Terms
      and Conditions of Options.

            

    

    

    
      Options
granted hereunder shall be evidenced by agreements between the Company and the
respective Optionees, in such form and substance as the Board or Committee shall
from time to time approve. The form of Incentive Stock Option Agreement attached
hereto as Exhibit
A and the three forms of a Nonstatutory Stock Option Agreement for
employees, for directors and for consultants, attached hereto as Exhibit B-1, Exhibit B-2 and Exhibit B-3,
respectively, shall be deemed to be approved by the Board. Option agreements
need not be identical, and in each case may include such provisions as the Board
or Committee may determine, but all such agreements shall be subject to and
limited by the following terms and conditions:

    

    

    
      	
            	
              (a)

            	
              Number of
      Shares: Each Option shall state the number of shares to which it
      pertains.

            

    

    

    
      	
            	
              (b)

            	
              Exercise Price:
      Each Option shall state the exercise price, which shall be determined as
      follows:

            

    

    

    
      	
               
      

            	
              (i)

            	
              Any
      Incentive Stock Option granted to a person who at the time the Option is
      granted owns (or is deemed to own pursuant to Section 424(d) of the Code)
      stock possessing more than ten percent (10%) of the total combined voting
      power or value of all classes of stock of the Company ("Ten Percent Holder")
      shall have an exercise price of no less than 110% of the Fair Market Value
      of the Stock as of the date of grant;
and

            

    

    

    
      	
               
      

            	
              (ii)

            	
              Incentive
      Stock Options granted to a person who at the time the Option is granted is
      not a Ten Percent Holder shall have an exercise price of no less than 100%
      of the Fair Market Value of the Stock as of the date of
    grant.

            

    

    

    For the
purposes of this Section 5(b), the Fair Market Value shall be as determined by
the Board in good faith, which determination shall be conclusive and binding;
provided however, that if there is a public market for such Stock, the Fair
Market Value per share shall be the average of the bid and asked prices (or the
closing price if such stock is listed on the NASDAQ National Market System or
Small Cap Issue Market) on the date of grant of the Option, or if listed on a
stock exchange, the closing price on such exchange on such date of
grant.

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    
      	
            	
              (c)

            	
              Medium and Time of
      Payment:  The exercise price shall become immediately due
      upon exercise of the Option and shall be paid in cash or check made
      payable to the Company. Should the Company's outstanding Stock be
      registered under Section 12(g) of the Exchange Act at the time the Option
      is exercised, then the exercise price may also be paid as
      follows:

            

    

    

    
      	
               
      

            	
              (i)

            	
              in
      shares of Stock held by the Optionee for the requisite period necessary to
      avoid a charge to the Company's earnings for financial reporting purposes
      and valued at Fair Market Value on the exercise date,
  or

            

    

    

    
      	
               
      

            	
              (ii)

            	
              through
      a special sale and remittance procedure pursuant to which the Optionee
      shall concurrently provide irrevocable written instructions (a) to a
      Company designated brokerage firm to effect the immediate sale of the
      purchased shares and remit to the Company, out of the sale proceeds
      available on the settlement date, sufficient funds to cover the aggregate
      exercise price payable for the purchased shares plus all applicable
      Federal, state and local income and employment taxes required to be
      withheld by the Company by reason of such purchase and (b) to the Company
      to deliver the certificates for the purchased shares directly to such
      brokerage firm in order to complete the sale
  transaction.

            

    

    

    At the
discretion of the Board, exercisable either at the time of Option grant or of
Option exercise, the exercise price may also be paid (i) by Optionee's delivery
of a promissory note in form and substance satisfactory to the Company and
permissible under the Delaware Securities Rules and bearing interest at a rate
determined by the Board in its sole discretion, but in no event less than the
minimum rate of interest required to avoid the imputation of compensation income
to the Optionee under the Federal tax laws, or (ii) in such other form of
consideration permitted by the Delaware corporations law as may be acceptable to
the Board.

    

    
      	
            	
              (d)

            	
              Term and Exercise of
      Options:

            

    

    

    
      	
               
      

            	
              Any
      Option granted to an employee, consultant or director of the Company shall
      become exercisable over a period of no longer than five (5) years, and no
      less than thirty-three and three tenths percent (33.3%) of the shares
      covered thereby shall become exercisable annually. No Option shall be
      exercisable, in whole or in part, prior to one (1) year from the date it
      is granted unless the Board shall specifically determine otherwise, as
      provided herein. In no event shall any Option be exercisable after the
      expiration of five (5) years from the date it is granted, and no Incentive
      Stock Option granted to a Ten Percent Holder shall, by its terms, be
      exercisable after the expiration of five (5) years from the date of the
      Option. Unless otherwise specified by the Board or the Committee in the
      resolution authorizing such Option, the date of grant of an Option shall
      be deemed to be the date upon which the Board or the Committee authorizes
      the granting of such Option.

            

    

    

    
      	
               
      

            	
              Each
      Option shall be exercisable to the nearest whole share, in installments or
      otherwise, as the respective Option agreements may provide. During the
      lifetime of an Optionee, the Option shall be exercisable only by the
      Optionee and shall not be assignable or transferable by the Optionee, and
      no other person shall acquire any rights therein. To the extent not
      exercised, installments (if more than one) shall accumulate, but shall be
      exercisable, in whole or in part, only during the period for exercise as
      stated in the Option agreement, whether or not other installments are then
      exercisable.

            

    

    

    
      	
            	
              (e)

            	
              Termination of Status
      as Employee, Consultant or Director:  If Optionee's
      status as an employee shall terminate for any reason other than Optionee's
      disability or death, then Optionee (or if the Optionee shall die after
      such termination, but prior to exercise, Optionee's personal
      representative or the person entitled to succeed to the Option) shall have
      the right to exercise the portions of any of Optionee's Incentive Stock
      Options which were exercisable as of the date of such termination, in
      whole or in part, not less than 30 days nor more than three (3) months
      after such termination (or, in the event of "termination for good
      cause" as that term is defined by the terms of the Plan or the
      Option Agreement or an employment agreement, the Option shall
      automatically terminate as of the termination of employment as to all
      shares covered by the Option).

            

    

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    With
respect to Nonstatutory Options granted to employees, directors or consultants,
the Board may specify such period for exercise, not less than 30 days after such
termination (except that in the case of "termination for cause" or
removal of a director, the Option shall automatically terminate as of the
termination of employment or services as to shares covered by the Option,
following termination of employment or services as the Board deems reasonable
and appropriate. The Option may be exercised only with respect to installments
that the Optionee could have exercised at the date of termination of employment
or services. Nothing contained herein or in any Option granted pursuant hereto
shall be construed to affect or restrict in any way the right of the Company to
terminate the employment or services of an Optionee with or without
cause.

    

    
      	
            	
              (f)

            	
              Disability of
      Optionee:  If an Optionee is disabled (within the meaning
      of Section 22(e)(3) of the Code) at the time of termination, the three (3)
      month period set forth in Section 5(e) shall be a period, as determined by
      the Board and set forth in the Option, of not less than six months nor
      more than one year after such
termination.

            

    

    

    
      	
            	
              (g)

            	
              Death of
      Optionee:  If an Optionee dies while employed by, engaged
      as a consultant to, or serving as a Director of the Company, the portion
      of such Optionee's Option which was exercisable at the date of death may
      be exercised, in whole or in part, by the estate of the decedent or by a
      person succeeding to the right to exercise such Option at any time within
      (i) a period, as determined by the Board and set forth in the Option, of
      not less than six (6) months nor more than one (1) year after Optionee's
      death, which period shall not be more, in the case of a Nonstatutory
      Option, than the period for exercise following termination of employment
      or services, or (ii) during the remaining term of the Option, whichever is
      the lesser. The Option may be so exercised only with respect to
      installments exercisable at the time of Optionee's death and not
      previously exercised by the
Optionee.

            

    

    

    
      	
            	
              (h)

            	
              Nontransferability of
      Option:  No Option shall be transferable by the Optionee,
      except by will or by the laws of descent and
  distribution.

            

    

    

    
      	
               
      

            	
              (i)

            	
              Recapitalization:  Subject
      to any required action of shareholders, the number of shares of Stock
      covered by each outstanding Option, and the exercise price per share
      thereof set forth in each such Option, shall be proportionately adjusted
      for any increase or decrease in the number of issued shares of Stock of
      the Company resulting from a stock split, stock dividend, combination,
      subdivision or reclassification of shares, or the payment of a stock
      dividend, or any other increase or decrease in the number of such shares
      affected without receipt of consideration by the Company; provided,
      however, the conversion of any convertible securities of the Company shall
      not be deemed to have been "effected without receipt of
      consideration" by the
Company.

            

    

    

    In the
event of a proposed dissolution or liquidation of the Company, a merger or
consolidation in which the Company is not the surviving entity, or a sale of all
or substantially all of the assets or capital stock of the Company
(collectively, a "Reorganization"), unless
otherwise provided by the Board, this Option shall terminate immediately prior
to such date as is determined by the Board, which date shall be no later than
the consummation of such Reorganization.  In such event, if the entity
which shall be the surviving entity does not tender to Optionee an offer, for
which it has no obligation to do so, to substitute for any unexercised Option a
stock option or capital stock of such surviving of such surviving entity, as
applicable, which on an equitable basis shall provide the Optionee with
substantially the same economic benefit as such unexercised Option, then the
Board may grant to such Optionee, in its sole and absolute discretion and
without obligation, the right for a period commencing thirty (30) days prior to
and ending immediately prior to the date determined by the Board pursuant hereto
for termination of the Option or during the remaining term of the Option,
whichever is the lesser, to exercise any unexpired Option or Options without
regard to the installment provisions of Paragraph 6(d) of the Plan; provided,
that any such right granted shall be granted to all Optionees not receiving an
offer to receive substitute options on a consistent basis, and provided further,
that any such exercise shall be subject to the consummation of such
Reorganization.

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    Subject
to any required action of shareholders, if the Company shall be the surviving
entity in any merger or consolidation, each outstanding Option thereafter shall
pertain to and apply to the securities to which a holder of shares of Stock
equal to the shares subject to the Option would have been entitled by reason of
such merger or consolidation.

    

    In the
event of a change in the Stock of the Company as presently constituted, which is
limited to a change of all of its authorized shares without par value into the
same number of shares with a par value, the shares resulting from any such
change shall be deemed to be the Stock within the meaning of the
Plan.

    

    To the
extent that the foregoing adjustments relate to stock or securities of the
Company, such adjustments shall be made by the Board, whose determination in
that respect shall be final, binding and conclusive. Except as expressly
provided in this Section 5(i), the Optionee shall have no rights by reason of
any subdivision or consolidation of shares of stock of any class or the payment
of any stock dividend or any other increase or decrease in the number of shares
of stock of any class, and the number or price of shares of Stock subject to any
Option shall not be affected by, and no adjustment shall be made by reason of,
any dissolution, liquidation, merger, consolidation or sale of assets or capital
stock, or any issue by the Company of shares of stock of any class or securities
convertible into shares of stock of any class.

    

    The Grant
of an Option pursuant to the Plan shall not affect in any way the right or power
of the Company to make any adjustments, reclassifications, reorganizations or
changes in its capital or business structure or to merge, consolidate, dissolve,
or liquidate or to sell or transfer all or any part of its business or
assets.

    

    
      	
               
      

            	
              (j)

            	
              Rights as a
      Shareholder:  An Optionee shall have no rights as a
      shareholder with respect to any shares covered by an Option until the
      effective date of the issuance of the shares following exercise of such
      Option by Optionee. No adjustment shall be made for dividends (ordinary or
      extraordinary, whether in cash, securities or other property) or
      distributions or other rights for which the record date is prior to the
      date such stock certificate is issued, except as expressly provided in
      Section 5(i) hereof.

            

    

    

    
      	
            	
              (k)

            	
              Modification,
      Acceleration, Extension, and Renewal of Options:  Subject
      to the terms and conditions and within the limitations of the Plan, the
      Board may modify an Option, or, once an Option is exercisable, accelerate
      the rate at which it may be exercised, and may extend or renew outstanding
      Options granted under the Plan or accept the surrender of outstanding
      Options (to the extent not theretofore exercised) and authorize the
      granting of new Options in substitution for such Options, provided such
      action is permissible under Section 422 of the Code and the Delaware
      Securities Rules. Notwithstanding the provisions of this Section 5(k),
      however, no modification of an Option shall, without the consent of the
      Optionee, alter to the Optionee's detriment or impair any rights or
      obligations under any Option theretofore granted under the
      Plan.

            

    

    

    
      	
               
      

            	
              (l)

            	
              Exercise Before
      Exercise Date:  At the discretion of the Board, the
      Option may, but need not, include a provision whereby the Optionee may
      elect to exercise all or any portion of the Option prior to the stated
      exercise date of the Option or any installment thereof. Any shares so
      purchased prior to the stated exercise date shall be subject to repurchase
      by the Company upon termination of Optionee's employment as contemplated
      by Section 5(n) hereof prior to the exercise date stated in the Option and
      such other restrictions and conditions as the Board or Committee may deem
      advisable.

            

    

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    
      	
            	
              (m)

            	
              Other
      Provisions:  The Option agreements authorized under the
      Plan shall contain such other provisions, including, without limitation,
      restrictions upon the exercise of the Options, as the Board or the
      Committee shall deem advisable. Shares shall not be issued pursuant to the
      exercise of an Option, if the exercise of such Option or the issuance of
      shares thereunder would violate, in the opinion of legal counsel for the
      Company, the provisions of any applicable law or the rules or regulations
      of any applicable governmental or administrative agency or body, such as
      the Code, the Securities Act, the Exchange Act, the Delaware Securities
      Rules, Delaware corporation law, and the rules promulgated under the
      foregoing or the rules and regulations of any exchange upon which the
      shares of the Company are listed. Without limiting the generality of the
      foregoing, the exercise of each Option shall be subject to the condition
      that if at any time the Company shall determine that (i) the satisfaction
      of withholding tax or other similar liabilities, or (ii) the listing,
      registration or qualification of any shares covered by such exercise upon
      any securities exchange or under any state or federal law, or (iii) the
      consent or approval of any regulatory body, or (iv) the perfection of any
      exemption from any such withholding, listing, registration, qualification,
      consent or approval is necessary or desirable in connection with such
      exercise or the issuance of shares thereunder, then in any such event,
      such exercise shall not be effective unless such withholding, listing
      registration, qualification, consent, approval or exemption shall have
      been effected, obtained or perfected free of any conditions not acceptable
      to the Company.

            

    

    

    
      	
            	
              (n)

            	
              Repurchase
      Agreement:  The Board may, in its discretion, require as
      a condition to the Grant of an Option hereunder, that an Optionee execute
      an agreement with the Company, in form and substance satisfactory to the
      Board in its discretion ("Repurchase Agreement"),
      (i) restricting the Optionee's right to transfer shares purchased under
      such Option without first offering such shares to the Company or another
      shareholder of the Company upon the same terms and conditions as provided
      therein; and (ii) providing that upon termination of Optionee's employment
      with the Company, for any reason, the Company (or another shareholder of
      the Company, as provided in the Repurchase Agreement) shall have the right
      at its discretion (or the discretion of such other shareholders) to
      purchase and/or redeem all such shares owned by the Optionee on the date
      of termination of his or her employment at a price equal to: (A) the fair
      value of such shares as of such date of termination; or (B) if such
      repurchase right lapses at 20% of the number of shares per year, the
      original purchase price of such shares, and upon terms of payment
      permissible under the Delaware Securities Rules; provided that in the case
      of Options or Stock Awards granted to officers, directors, consultants or
      affiliates of the Company, such repurchase provisions may be subject to
      additional or greater restrictions as determined by the Board or
      Committee.

            

    

    

    
      	
              6.

            	
              Stock
      Awards and Restricted Stock Purchase
Offers.

            

    

    

    
      	
            	
              (a)

            	
              Types of
      Grants.

            

    

    

    
      	
               
      

            	
              (i)

            	
              Stock
      Award.  All or part of any Stock Award under the Plan may
      be subject to conditions established by the Board or the Committee, and
      set forth in the Stock Award Agreement, which may include, but are not
      limited to, continuous service with the Company, achievement of specific
      business objectives, increases in specified indices, attaining growth
      rates and other comparable measurements of Company performance. Such
      Awards may be based on Fair Market Value or other specified valuation. All
      Stock Awards will be made pursuant to the execution of a Stock Award
      Agreement substantially in the form attached hereto as Exhibit
      C.

            

    

    

    
      	
               
      

            	
              (ii)

            	
              Restricted Stock
      Purchase Offer.  A Grant of a Restricted Stock Purchase
      Offer under the Plan shall be subject to such (i) vesting contingencies
      related to the Participant's continued association with the Company for a
      specified time and (ii) other specified conditions as the Board or
      Committee shall determine, in their sole discretion, consistent with the
      provisions of the Plan. All Restricted Stock Purchase Offers shall be made
      pursuant to a Restricted Stock Purchase Offer substantially in the form
      attached hereto as Exhibit
      D.

            

    

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    
      	
            	
              (b)

            	
              Conditions and
      Restrictions.  Shares of Stock which Participants may
      receive as a Stock Award under a Stock Award Agreement or Restricted Stock
      Purchase Offer under a Restricted Stock Purchase Offer may include such
      restrictions as the Board or Committee, as applicable, shall determine,
      including restrictions on transfer, repurchase rights, right of first
      refusal, and forfeiture provisions. When transfer of Stock is so
      restricted or subject to forfeiture provisions it is referred to as "Restricted Stock".
      Further, with Board or Committee approval, Stock Awards or Restricted
      Stock Purchase Offers may be deferred, either in the form of installments
      or a future lump sum distribution. The Board or Committee may permit
      selected Participants to elect to defer distributions of Stock Awards or
      Restricted Stock Purchase Offers in accordance with procedures established
      by the Board or Committee to assure that such deferrals comply with
      applicable requirements of the Code including, at the choice of
      Participants, the capability to make further deferrals for distribution
      after retirement. Any deferred distribution, whether elected by the
      Participant or specified by the Stock Award Agreement, Restricted Stock
      Purchase Offers or by the Board or Committee, may require the payment be
      forfeited in accordance with the provisions of Section 6(c). Dividends or
      dividend equivalent rights may be extended to and made part of any Stock
      Award or Restricted Stock Purchase Offers denominated in Stock or units of
      Stock, subject to such terms, conditions and restrictions as the Board or
      Committee may establish.

            

    

    

    
      	
            	
              (c)

            	
              Cancellation and
      Rescission of Grants.  Unless the Stock Award Agreement
      or Restricted Stock Purchase Offer specifies otherwise, the Board or
      Committee, as applicable, may cancel any unexpired, unpaid, or deferred
      Grants at any time if the Participant is not in compliance with all other
      applicable provisions of the Stock Award Agreement or Restricted Stock
      Purchase Offer, the Plan and with the following
  conditions:

            

    

    

    
      	
               
      

            	
              (i)

            	
              A
      Participant shall not render services for any organization or engage
      directly or indirectly in any business which, in the judgment of the chief
      executive officer of the Company or other senior officer designated by the
      Board or Committee, is or becomes competitive with the Company, or which
      organization or business, or the rendering of services to such
      organization or business, is or becomes otherwise prejudicial to or in
      conflict with the interests of the Company. For Participants whose
      employment has terminated, the judgment of the chief executive officer
      shall be based on the Participant's position and responsibilities while
      employed by the Company, the Participant's post-employment
      responsibilities and position with the other organization or business, the
      extent of past, current and potential competition or conflict between the
      Company and the other organization or business, the effect on the
      Company's customers, suppliers and competitors and such other
      considerations as are deemed relevant given the applicable facts and
      circumstances.  A Participant who has retired shall be free,
      however, to purchase as an investment or otherwise, stock or other
      securities of such organization or business so long as they are listed
      upon a recognized securities exchange or traded over-the-counter, and such
      investment does not represent a substantial investment to the Participant
      or a greater than ten percent (10%) equity interest in the organization or
      business.

            

    

    

    
      	
               
      

            	
              (ii)

            	
              A
      Participant shall not, without prior written authorization from the
      Company, disclose to anyone outside the Company, or use in other than the
      Company's business, any confidential information or material, as defined
      in the Company's Proprietary Information and Invention Agreement or
      similar agreement regarding confidential information and intellectual
      property, relating to the business of the Company, acquired by the
      Participant either during or after employment with the
      Company.

            

    

    

    
      	
               
      

            	
              (iii)

            	
              A
      Participant, pursuant to the Company's Proprietary Information and
      Invention Agreement, shall disclose promptly and assign to the Company all
      right, title and interest in any invention or idea, patentable or not,
      made or conceived by the Participant during employment by the Company,
      relating in any manner to the actual or anticipated business, research or
      development work of the Company and shall do anything reasonably necessary
      to enable the Company to secure a patent where appropriate in the United
      States and in foreign countries.

            

    

    

    
      	
               
      

            	
              (iv)

            	
              Upon
      exercise, payment or delivery pursuant to a Grant, the Participant shall
      certify on a form acceptable to the Committee that he or she is in
      compliance with the terms and conditions of the Plan. Failure to comply
      with all of the provisions of this Section 6(c) prior to, or during the
      six months after, any exercise, payment or delivery pursuant to a Grant
      shall cause such exercise, payment or delivery to be rescinded. The
      Company shall notify the Participant in writing of any such rescission
      within two years after such exercise, payment or delivery. Within ten days
      after receiving such a notice from the Company, the Participant shall pay
      to the Company the amount of any gain realized or payment received as a
      result of the rescinded exercise, payment or delivery pursuant to a Grant.
      Such payment shall be made either in cash or by returning to the Company
      the number of shares of Stock that the Participant received in connection
      with the rescinded exercise, payment or
  delivery.

            

    

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    
      	
            	
              (d)

            	
              Nonassignability.

            

    

    

    
      	
               
      

            	
              (i)

            	
              Except
      pursuant to Section 6(e)(iii) and except as set forth in Section 6(d)(ii),
      no Grant or any other benefit under the Plan shall be assignable or
      transferable, or payable to or exercisable by, anyone other than the
      Participant to whom it was granted.

            

    

    

    
      	
               
      

            	
              (ii)

            	
              Where
      a Participant terminates employment and retains a Grant pursuant to
      Section 6(e)(ii) in order to assume a position with a governmental,
      charitable or educational institution, the Board or Committee, in its
      discretion and to the extent permitted by law, may authorize a third party
      (including but not limited to the trustee of a "blind" trust), acceptable
      to the applicable governmental or institutional authorities, the
      Participant and the Board or Committee, to act on behalf of the
      Participant with regard to such
Awards.

            

    

    

    
      	
            	
              (e)

            	
              Termination of
      Employment.  If the employment or service to the Company
      of a Participant terminates, other than pursuant to any of the following
      provisions under this Section 6(e), all unexercised, deferred and unpaid
      Stock Awards or Restricted Stock Purchase Offers shall be cancelled
      immediately, unless the Stock Award Agreement or Restricted Stock Purchase
      Offer provides otherwise:

            

    

    

    
      	
               
      

            	
              (i)

            	
              Retirement Under a
      Company Retirement Plan.  When a Participant's employment
      terminates as a result of retirement in accordance with the terms of a
      Company retirement plan, the Board or Committee may permit Stock Awards or
      Restricted Stock Purchase Offers to continue in effect beyond the date of
      retirement in accordance with the applicable Grant Agreement and the
      exercisability and vesting of any such Grants may be
      accelerated.

            

    

    

    
      	
               
      

            	
              (ii)

            	
              Rights in the Best
      Interests of the Company.  When a Participant resigns
      from the Company and, in the judgment of the Board or Committee, the
      acceleration and/or continuation of outstanding Stock Awards or Restricted
      Stock Purchase Offers would be in the best interests of the Company, the
      Board or Committee may (i) authorize, where appropriate, the acceleration
      and/or continuation of all or any part of Grants issued prior to such
      termination and (ii) permit the exercise, vesting and payment of such
      Grants for such period as may be set forth in the applicable Grant
      Agreement, subject to earlier cancellation pursuant to Section 9 or at
      such time as the Board or Committee shall deem the continuation of all or
      any part of the Participant's Grants are not in the Company's best
      interest.

            

    

    

    
      	
               
      

            	
              (iii)

            	
              Death or Disability of
      a Participant.

            

    

    

    
      	
               
      

            	
              (1)

            	
              In
      the event of a Participant's death, the Participant's estate or
      beneficiaries shall have a period up to the expiration date specified in
      the Grant Agreement within which to receive or exercise any outstanding
      Grant held by the Participant under such terms as may be specified in the
      applicable Grant Agreement. Rights to any such outstanding Grants shall
      pass by will or the laws of descent and distribution in the following
      order: (a) to beneficiaries so designated by the Participant; if none,
      then (b) to a legal representative of the Participant; if none, then (c)
      to the persons entitled thereto as determined by a court of competent
      jurisdiction. Grants so passing shall be made at such times and in such
      manner as if the Participant were
living.

            

    

    

    
      	
               
      

            	
              (2)

            	
              In
      the event a Participant is deemed by the Board or Committee to be unable
      to perform his or her usual duties by reason of mental disorder or medical
      condition which does not result from facts which would be grounds for
      termination for cause, Grants and rights to any such Grants may be paid to
      or exercised by the Participant, if legally competent, or a committee or
      other legally designated guardian or representative if the Participant is
      legally incompetent by virtue of such
  disability.

            

    

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              (3)

            	
              After
      the death or disability of a Participant, the Board or Committee may in
      its sole discretion at any time (1) terminate restrictions in Grant
      Agreements; (2) accelerate any or all installments and rights; and (3)
      instruct the Company to pay the total of any accelerated payments in a
      lump sum to the Participant, the Participant's estate, beneficiaries or
      representative; notwithstanding that, in the absence of such termination
      of restrictions or acceleration of payments, any or all of the payments
      due under the Grant might ultimately have become payable to other
      beneficiaries.

            

    

    

    
      	
               
      

            	
              (4)

            	
              In
      the event of uncertainty as to interpretation of or controversies
      concerning this Section 6, the determinations of the Board or Committee,
      as applicable, shall be binding and
conclusive.

            

    

    

    
      	
              7.

            	
              Investment
      Intent.

            

    

    

    All Grants under the Plan are intended
to be exempt from registration under the Securities Act provided by Section 4(2)
thereunder. Unless and until the granting of Options or sale and issuance of
Stock subject to the Plan are registered under the Securities Act or shall be
exempt pursuant to the rules promulgated thereunder, each Grant under the Plan
shall provide that the purchases or other acquisitions of Stock thereunder shall
be for investment purposes and not with a view to, or for resale in connection
with, any distribution thereof. Further, unless the issuance and sale of the
Stock have been registered under the Securities Act, each Grant shall provide
that no shares shall be purchased upon the exercise of the rights under such
Grant unless and until (i) all then applicable requirements of state and federal
laws and regulatory agencies shall have been fully complied with to the
satisfaction of the Company and its counsel, and (ii) if requested to do so by
the Company, the person exercising the rights under the Grant shall (i) give
written assurances as to knowledge and experience of such person (or a
representative employed by such person) in financial and business matters and
the ability of such person (or representative) to evaluate the merits and risks
of exercising the Option, and (ii) execute and deliver to the Company a letter
of investment intent and/or such other form related to applicable exemptions
from registration, all in such form and substance as the Company may require. If
shares are issued upon exercise of any rights under a Grant without registration
under the Securities Act, subsequent registration of such shares shall relieve
the purchaser thereof of any investment restrictions or representations made
upon the exercise of such rights.

    

    
      	
              8.

            	
              Amendment,
      Modification, Suspension or Discontinuance of the
  Plan.

            

    

    

    
      	
               
      

            	
              The
      Board may, insofar as permitted by law, from time to time, with respect to
      any shares at the time not subject to outstanding Grants, suspend or
      terminate the Plan or revise or amend it in any respect whatsoever, except
      that without the approval of the shareholders of the Company, no such
      revision or amendment shall (i) increase the number of shares subject to
      the Plan, (ii) decrease the price at which Grants may be granted, (iii)
      materially increase the benefits to Participants, or (iv) change the class
      of persons eligible to receive Grants under the Plan; provided, however,
      no such action shall alter or impair the rights and obligations under any
      Option, or Stock Award, or Restricted Stock Purchase Offer outstanding as
      of the date thereof without the written consent of the Participant
      thereunder. No Grant may be issued while the Plan is suspended or after it
      is terminated, but the rights and obligations under any Grant issued while
      the Plan is in effect shall not be impaired by suspension or termination
      of the Plan.

            

    

    

    In the event of any change in the
outstanding Stock by reason of a stock split, stock dividend, combination or
reclassification of shares, recapitalization, merger, or similar event, the
Board or the Committee may adjust proportionally (a) the number of shares of
Stock (i) reserved under the Plan, (ii) available for Incentive Stock Options
and Nonstatutory Options and (iii) covered by outstanding Stock Awards or
Restricted Stock Purchase Offers; (b) the Stock prices related to outstanding
Grants; and (c) the appropriate Fair Market Value and other price determinations
for such Grants. In the event of any other change affecting the Stock or any
distribution (other than normal cash dividends) to holders of Stock, such
adjustments as may be deemed equitable by the Board or the Committee, including
adjustments to avoid fractional shares, shall be made to give proper effect to
such event. In the event of a corporate merger, consolidation, acquisition of
property or stock, separation, reorganization or liquidation, the Board or the
Committee shall be authorized to issue or assume stock options, whether or not
in a transaction to which Section 424(a) of the Code applies, and other Grants
by means of substitution of new Grant Agreements for previously issued Grants or
an assumption of previously issued Grants.

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

    
      	
              9.

            	
              Tax
      Withholding.

            

    

    

    The Company shall have the right to
deduct applicable taxes from any Grant payment and withhold, at the time of
delivery or exercise of Options, Stock Awards or Restricted Stock Purchase
Offers or vesting of shares under such Grants, an appropriate number of shares
for payment of taxes required by law or to take such other action as may be
necessary in the opinion of the Company to satisfy all obligations for
withholding of such taxes. If Stock is used to satisfy tax withholding, such
stock shall be valued based on the Fair Market Value when the tax withholding is
required to be made.

    

    
      	
              10.

            	
              Availability
      of Information.

            

    

    

    
      	
               
      

            	
              During
      the term of the Plan and any additional period during which a Grant
      granted pursuant to the Plan shall be exercisable, the Company shall make
      available, not later than one hundred and twenty (120) days following the
      close of each of its fiscal years, such financial and other information
      regarding the Company as is required by the bylaws of the Company and
      applicable law to be furnished in an annual report to the shareholders of
      the Company.

            

    

    

    
      	
              11.

            	
              Notice.

            

    

    

    
      	
               
      

            	
              Any
      written notice to the Company required by any of the provisions of the
      Plan shall be addressed to the chief personnel officer or to the chief
      executive officer of the Company, and shall become effective when it is
      received by the office of the chief personnel officer or the chief
      executive officer.

            

    

    

    
      	
              12.

            	
              Indemnification
      of Board.

            

    

    

    In addition to such other rights or
indemnifications as they may have as directors or otherwise, and to the extent
allowed by applicable law, the members of the Board and the Committee shall be
indemnified by the Company against the reasonable expenses, including attorneys'
fees, actually and necessarily incurred in connection with the defense of any
claim, action, suit or proceeding, or in connection with any appeal thereof, to
which they or any of them may be a party by reason of any action taken, or
failure to act, under or in connection with the Plan or any Grant granted
thereunder, and against all amounts paid by them in settlement thereof (provided
such settlement is approved by independent legal counsel selected by the
Company) or paid by them in satisfaction of a judgment in any such claim,
action, suit or proceeding, except in any case in relation to matters as to
which it shall be adjudged in such claim, action, suit or proceeding that such
Board or Committee member is liable for negligence or misconduct in the
performance of his or her duties; provided that within sixty (60) days after
institution of any such action, suit or Board proceeding the member involved
shall offer the Company, in writing, the opportunity, at its own expense, to
handle and defend the same.

    

    
      	
              13.

            	
              Governing
      Law.

            

    

    

    
      	
               
      

            	
              The
      Plan and all determinations made and actions taken pursuant hereto, to the
      extent not otherwise governed by the Code or the securities laws of the
      United States, shall be governed by the law of the State of Delaware and
      construed accordingly.

            

    

    

    
      	
              14.

            	
              Effective
      and Termination Dates.

            

    

    

    The Plan shall become effective on the
date it is approved by the holders of a majority of the shares of Stock then
outstanding. The Plan shall terminate ten (10) years later, subject to earlier
termination by the Board pursuant to Section 8.

    

    [SIGNATURE
PAGE TO FOLLOW]

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

     

          The
foregoing 2010 Incentive Stock Plan was duly adopted and approved by the Board
of Directors on December 16, 2010.

    
    

    
      
        	 
      	
                BODISEN
      BIOTECH, INC.

              
	 
      	
                a
      Delaware corporation

              
	 
      	 
      
	 
      	
                By:

              	
                /s/ Bo Chen

              
	 
      	 
      	
                Name:

              	
                Bo
      Chen

              
	 
      	 
      	
                Title:

              	
                Chief
      Executive Officer

              

      

    

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

    EXHIBIT
A

    

    
      
        	
                BODISEN
      BIOTECH, INC.

              
	
                INCENTIVE
      STOCK OPTION AGREEMENT

              
	
                                

              

      

    

    

    This
Incentive Stock Option Agreement ("Agreement") is made and
entered into as of the date set forth below, by and between BODISEN BIOTECH,
INC., a Delaware corporation (the "Company"), and the employee of
the Company named in Section 1(b). ("Optionee"):

    

    In consideration of the covenants
herein set forth, the parties hereto agree as follows:

    

    1.  Option
Information.

     

    
      
        
          
            
              
                
                  	 
      	
                          (a)

                        	
                          Date
      of Option:

                        	 
      	 
	 
      	 
      	 
      	 
      	 
	 
      	
                          (b)

                        	
                          Optionee:

                        	 
      	 
	 
      	 
      	 
      	 
      	 
	                                	
                          (c)          

                        	
                          Number
      of Shares:      

                        	 
      	 
	 
      	 
      	 
      	 
      	 
	 
      	
                          (d)

                        	
                          Exercise
      Price:

                        	 
      	 

                

              

            

          

        

      

    

     

    2.  Acknowledgements.

    

    
      (a)       
Optionee
is an employee of the Company.

    

    

    
      (b)      
The Board
of Directors (the "Board" which term shall
include an authorized committee of the Board of Directors) and shareholders of
the Company have heretofore adopted a 2010 Incentive Stock Plan (the "Plan"), pursuant to which this
Option is being granted.

    

    

    
      (c)      
The Board
has authorized the granting to Optionee of an incentive stock option ("Option") as defined in Section
422 of the Internal Revenue Code of 1986, as amended, (the "Code") to purchase shares of
common stock of the Company ("Stock") upon the terms and
conditions hereinafter stated and pursuant to an exemption from registration
under the Securities Act of 1933, as amended (the "Securities Act") provided by
Section 4(2) thereunder.

    

    

    3.  Shares;
Price.  The Company hereby grants to Optionee the right to
purchase, upon and subject to the terms and conditions herein stated, the number
of shares of Stock set forth in Section 1(c) above (the "Shares") for cash (or other
consideration as is authorized under the Plan and acceptable to the Board, in
their sole and absolute discretion) at the price per Share set forth in Section
1(d) above (the "Exercise
Price"), such price being not less than the fair market value per share
of the Shares covered by this Option as of the date hereof (unless Optionee is
the owner of Stock possessing ten percent or more of the total voting power or
value of all outstanding Stock of the Company, in which case the Exercise Price
shall be no less than 110% of the fair market value of such Stock).

    

    4.  Term of Option; Continuation
of Employment.  This Option shall expire, and all rights
hereunder to purchase the Shares shall terminate [__] (___) years from the date
hereof. This Option shall earlier terminate subject to Sections 7 and 8 hereof
upon, and as of the date of, the termination of Optionee's employment if such
termination occurs prior to the end of such [__] (___) year period. Nothing
contained herein shall confer upon Optionee the right to the continuation of his
or her employment by the Company or to interfere with the right of the Company
to terminate such employment or to increase or decrease the compensation of
Optionee from the rate in existence at the date hereof.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    5.  Vesting of Option.
Subject to the provisions of Sections 7 and 8 hereof, this Option shall become
exercisable during the term of Optionee's employment in [__] (___) equal annual
installments of [___] percent ([__]%) of the Shares covered by this Option, the
first installment to be exercisable on the [__] (___) month anniversary of the
date of this Option (the "Initial Vesting Date"), with an additional [____]
percent ([__]%) of such Shares becoming exercisable on each of the [__] (___)
successive twelve (12) month periods following the Initial Vesting Date. The
installments shall be cumulative (i.e., this option may be exercised, as to any
or all Shares covered by an installment, at any time or times after an
installment becomes exercisable and until expiration or termination of this
option).

    

    6.  Exercise.  This
Option shall be exercised by delivery to the Company of (a) written notice of
exercise stating the number of Shares being purchased (in whole shares only) and
such other information set forth on the form of Notice of Exercise attached
hereto as Appendix A, (b) a check or cash in the amount of the Exercise Price of
the Shares covered by the notice (or such other consideration as has been
approved by the Board of Directors consistent with the Plan) and (c) a written
investment representation as provided for in Section 13 hereof. This Option
shall not be assignable or transferable, except by will or by the laws of
descent and distribution, and shall be exercisable only by Optionee during his
or her lifetime, except as provided in Section 8 hereof.

    

    7.  Termination of
Employment.  If Optionee shall cease to be employed by the
Company for any reason, whether voluntarily or involuntarily, other than by his
or her death, Optionee (or if the Optionee shall die after such termination, but
prior to such exercise date, Optionee's personal representative or the person
entitled to succeed to the Option) shall have the right at any time within three
(3) months following such termination of employment or the remaining term of
this Option, whichever is the lesser, to exercise in whole or in part this
Option to the extent, but only to the extent, that this Option was exercisable
as of the date of termination of employment and had not previously been
exercised; provided, however: (i) if Optionee is permanently disabled (within
the meaning of Section 22(e)(3) of the Code) at the time of termination, the
foregoing three (3) month period shall be extended to six (6) months; or (ii) if
Optionee is terminated "for
cause," as that term is defined by the terms of the Plan or this Option
Agreement or by any employment agreement between the Optionee and the Company,
this Option shall automatically terminate as to all Shares covered by this
Option not exercised prior to termination. Unless earlier terminated, all rights
under this Option shall terminate in any event on the expiration date of this
Option as defined in Section 4 hereof.

    

    8.  Death of
Optionee.  If the Optionee shall die while in the employ of the
Company, Optionee's personal representative or the person entitled to Optionee's
rights hereunder may at any time within six (6) months after the date of
Optionee's death, or during the remaining term of this Option, whichever is the
lesser, exercise this Option and purchase Shares to the extent, but only to the
extent, that Optionee could have exercised this Option as of the date of
Optionee's death; provided, in any case, that this Option may be so exercised
only to the extent that this Option has not previously been exercised by
Optionee.

    

    9.  No Rights as
Shareholder.  Optionee shall have no rights as a shareholder
with respect to the Shares covered by any installment of this Option until the
effective date of issuance of Shares following exercise of this Option, and no
adjustment will be made for dividends or other rights for which the record date
is prior to the date such stock certificate or certificates are issued except as
provided in Section 10 hereof.

    

    10.  Recapitalization.  Subject
to any required action by the shareholders of the Company, the number of Shares
covered by this Option, and the Exercise Price thereof, shall be proportionately
adjusted for any increase or decrease in the number of issued shares resulting
from a subdivision or consolidation of shares or the payment of a stock
dividend, or any other increase or decrease in the number of such shares
effected without receipt of consideration by the Company; provided however that
the conversion of any convertible securities of the Company shall not be deemed
having been "effected without
receipt of consideration by the Company".

    

    In the event of a proposed dissolution
or liquidation of the Company, a merger or consolidation in which the Company is
not the surviving entity, or a sale of all or substantially all of the assets or
capital stock of the Company (collectively, a "Reorganization"), unless
otherwise provided by the Board, this Option shall terminate immediately prior
to such date as is determined by the Board, which date shall be no later than
the consummation of such Reorganization. In such event, if the entity which
shall be the surviving entity does not tender to Optionee an offer, for which it
has no obligation to do so, to substitute for any unexercised Option a stock
option or capital stock of such surviving of such surviving entity, as
applicable, which on an equitable basis shall provide the Optionee with
substantially the same economic benefit as such unexercised Option, then the
Board may grant to such Optionee, in its sole and absolute discretion and
without obligation, the right for a period commencing thirty (30) days prior to
and ending immediately prior to the date determined by the Board pursuant hereto
for termination of the Option or during the remaining term of the Option,
whichever is the lesser, to exercise any unexpired Option or Options without
regard to the installment provisions of Section 5; provided, however, that such
exercise shall be subject to the consummation of such
Reorganization.

    
      
         

      

      
        - 2
-

        
          

        

      

      
         

      

    

    Subject to any required action by the
shareholders of the Company, if the Company shall be the surviving entity in any
merger or consolidation, this Option thereafter shall pertain to and apply to
the securities to which a holder of Shares equal to the Shares subject to this
Option would have been entitled by reason of such merger or consolidation, and
the installment provisions of Section 5 shall continue to apply.

    

    In the event of a change in the shares
of the Company as presently constituted, which is limited to a change of all of
its authorized Stock without par value into the same number of shares of Stock
with a par value, the shares resulting from any such change shall be deemed to
be the Shares within the meaning of this Option.

    

    To the extent that the foregoing
adjustments relate to shares or securities of the Company, such adjustments
shall be made by the Board, whose determination in that respect shall be final,
binding and conclusive. Except as hereinbefore expressly provided, Optionee
shall have no rights by reason of any subdivision or consolidation of shares of
Stock of any class or the payment of any stock dividend or any other increase or
decrease in the number of shares of stock of any class, and the number and price
of Shares subject to this Option shall not be affected by, and no adjustments
shall be made by reason of, any dissolution, liquidation, merger, consolidation
or sale of assets or capital stock, or any issue by the Company of shares of
stock of any class or securities convertible into shares of stock of any
class.

    

    The grant of this Option shall not
affect in any way the right or power of the Company to make adjustments,
reclassifications, reorganizations or changes in its capital or business
structure or to merge, consolidate, dissolve or liquidate or to sell or transfer
all or any part of its business or assets.

    

    11.  Additional
Consideration.  Should the Internal Revenue Service determine
that the Exercise Price established by the Board as the fair market value per
Share is less than the fair market value per Share as of the date of Option
grant, Optionee hereby agrees to tender such additional consideration, or agrees
to tender upon exercise of all or a portion of this Option, such fair market
value per Share as is determined by the Internal Revenue Service.

    

    12. Modifications, Extension and
Renewal of Options.  The Board or Committee, as described in
the Plan, may modify, extend or renew this Option or accept the surrender
thereof (to the extent not theretofore exercised) and authorize the granting of
a new option in substitution therefor (to the extent not theretofore exercised),
subject at all times to the Plan, and Section 422 of the Code. Notwithstanding
the foregoing provisions of this Section 12, no modification shall, without the
consent of the Optionee, alter to the Optionee's detriment or impair any rights
of Optionee hereunder.

    

    13.  Investment Intent;
Restrictions on Transfer.

    

    
      	
               
      

            	
              (a)
      Optionee represents and agrees that if Optionee exercises this Option in
      whole or in part, Optionee will in each case acquire the Shares upon such
      exercise for the purpose of investment and not with a view to, or for
      resale in connection with, any distribution thereof; and that upon such
      exercise of this Option in whole or in part, Optionee (or any person or
      persons entitled to exercise this Option under the provisions of Sections
      7 and 8 hereof) shall furnish to the Company a written statement to such
      effect, satisfactory to the Company in form and substance. If the Shares
      represented by this Option are registered under the Securities Act, either
      before or after the exercise of this Option in whole or in part, the
      Optionee shall be relieved of the foregoing investment representation and
      agreement and shall not be required to furnish the Company with the
      foregoing written statement.

            

    

    

    
      	
               
      

            	
              (b)
      Optionee further represents that Optionee has had access to the financial
      statements or books and records of the Company, has had the opportunity to
      ask questions of the Company concerning its business, operations and
      financial condition, and to obtain additional information reasonably
      necessary to verify the accuracy of such
  information.

            

    

    
      
         

      

      
        - 3
-

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              (c)
      Unless and until the Shares represented by this Option are registered
      under the Securities Act, all certificates representing the Shares and any
      certificates subsequently issued in substitution therefor and any
      certificate for any securities issued pursuant to any stock split, share
      reclassification, stock dividend or other similar capital event shall bear
      legends in substantially the following
form:

            

    

    

    
      	
               
      

            	
              THESE
      SECURITIES HAVE NOT BEEN REGISTERED OR OTHERWISE QUALIFIED UNDER THE
      SECURITIES ACT OF 1933 (THE 'SECURITIES ACT') OR UNDER THE APPLICABLE OR
      SECURITIES LAWS OF ANY STATE. NEITHER THESE SECURITIES NOR ANY INTEREST
      THEREIN MAY BE SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF IN THE
      ABSENCE OF REGISTRATION UNDER THE SECURITIES ACT OR ANY APPLICABLE
      SECURITIES LAWS OF ANY STATE, UNLESS PURSUANT TO EXEMPTIONS
      THEREFROM.

            

    

    

    
      	
               
      

            	
              THE
      SHARES REPRESENTED BY THIS CERTIFICATE HAVE BEEN ISSUED PURSUANT TO THAT
      CERTAIN INCENTIVE STOCK OPTION AGREEMENT DATED ____________ BETWEEN THE
      COMPANY AND THE ISSUEE WHICH RESTRICTS THE TRANSFER OF THESE SHARES WHICH
      ARE SUBJECT TO REPURCHASE BY THE COMPANY UNDER CERTAIN
      CONDITIONS.

            

    

    

    such
other legend or legends as the Company and its counsel deem necessary or
appropriate. Appropriate stop transfer instructions with respect to the Shares
have been placed with the Company's transfer agent.

    

    14.  Effects of Early
Disposition.  Optionee understands that if an Optionee disposes
of shares acquired hereunder within two (2) years after the date of this Option
or within one (1) year after the date of issuance of such shares to Optionee,
such Optionee will be treated for income tax purposes as having received
ordinary income at the time of such disposition of an amount generally measured
by the difference between the purchase price and the fair market value of such
stock on the date of exercise, subject to adjustment for any tax previously
paid, in addition to any tax on the difference between the sales price and
Optionee's adjusted cost basis in such shares. The foregoing amount may be
measured differently if Optionee is an officer, director or ten percent holder
of the Company. Optionee agrees to notify the Company within ten (10) working
days of any such disposition.

    

    15.  Stand-off
Agreement.  Optionee agrees that in connection with any
registration of the Company's securities under the Securities Act, and upon the
request of the Company or any underwriter managing an underwritten offering of
the Company's securities, Optionee shall not sell, short any sale of, loan,
grant an option for, or otherwise dispose of any of the Shares (other than
Shares included in the offering) without the prior written consent of the
Company or such managing underwriter, as applicable, for a period of at least
one year following the effective date of registration of such
offering.

    

    16.  Restriction upon
Transfer.  The Shares may not be sold, transferred or otherwise
disposed of and shall not be pledged or otherwise hypothecated by the Optionee
except as hereinafter provided.

    

    
      	
               
      

            	
              (a)
      Repurchase Right
      on Termination Other Than for Cause. For the purposes of this
      Section, a "Repurchase
      Event" shall mean an occurrence of one of (i) termination of
      Optionee's employment by the Company, voluntary or involuntary and with or
      without cause; (ii) retirement or death of Optionee; (iii) bankruptcy of
      Optionee, which shall be deemed to have occurred as of the date on which a
      voluntary or involuntary petition in bankruptcy is filed with a court of
      competent jurisdiction; (iv) dissolution of the marriage of Optionee, to
      the extent that any of the Shares are allocated as the sole and separate
      property of Optionee's spouse pursuant thereto (in which case this Section
      shall only apply to the Shares so affected); or (v) any attempted transfer
      by the Optionee of Shares, or any interest therein, in violation of this
      Agreement. Upon the occurrence of a Repurchase Event, the Company shall
      have the right (but not an obligation) to repurchase all or any portion of
      the Shares of Optionee at a price equal to the fair value of the Shares as
      of the date of the Repurchase
Event.

            

    

    
      
         

      

      
        - 4
-

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              (b)
      Repurchase Right
      on Termination for Cause.  In the event Optionee's
      employment is terminated by the Company "for cause", then the
      Company shall have the right (but not an obligation) to repurchase Shares
      of Optionee at a price equal to the Exercise Price. Such right of the
      Company to repurchase Shares shall apply to 100% of the Shares for one (1)
      year from the date of this Agreement; and shall thereafter lapse at the
      rate of twenty percent (20%) of the Shares on each anniversary of the date
      of this Agreement. In addition, the Company shall have the right, in the
      sole discretion of the Board and without obligation, to repurchase upon
      termination for cause all or any portion of the Shares of Optionee, at a
      price equal to the fair value of the Shares as of the date of termination,
      which right is not subject to the foregoing lapsing of rights. In the
      event the Company elects to repurchase the Shares, the stock certificates
      representing the same shall forthwith be returned to the Company for
      cancellation.

            

    

    

    
      	
               
      

            	
              (c)  Exercise of Repurchase
      Right.  Any Repurchase Right under Paragraphs 16(a) or
      16(b) shall be exercised by giving notice of exercise as provided herein
      to Optionee or the estate of Optionee, as applicable. Such right shall be
      exercised, and the repurchase price thereunder shall be paid, by the
      Company within a ninety (90) day period beginning on the date of notice to
      the Company of the occurrence of such Repurchase Event (except in the case
      of termination of employment or retirement, where such option period shall
      begin upon the occurrence of the Repurchase Event). Such repurchase price
      shall be payable only in the form of cash (including a check drafted on
      immediately available funds) or cancellation of purchase money
      indebtedness of the Optionee for the Shares. If the Company can not
      purchase all such Shares because it is unable to meet the financial tests
      set forth in Delaware and/or Delaware corporation law, the Company shall
      have the right to purchase as many Shares as it is permitted to purchase
      under such sections. Any Shares not purchased by the Company hereunder
      shall no longer be subject to the provisions of this Section
      16.

            

    

    

    
      	
               
      

            	
              (d)  Right of First
      Refusal.  In the event Optionee desires to transfer any
      Shares during his or her lifetime, Optionee shall first offer to sell such
      Shares to the Company. Optionee shall deliver to the Company written
      notice of the intended sale, such notice to specify the number of Shares
      to be sold, the proposed purchase price and terms of payment, and grant
      the Company an option for a period of thirty days following receipt of
      such notice to purchase the offered Shares upon the same terms and
      conditions. To exercise such option, the Company shall give notice of that
      fact to Optionee within the thirty (30) day notice period and agree to pay
      the purchase price in the manner provided in the notice. If the Company
      does not purchase all of the Shares so offered during foregoing option
      period, Optionee shall be under no obligation to sell any of the offered
      Shares to the Company, but may dispose of such Shares in any lawful manner
      during a period of one hundred and eighty (180) days following the end of
      such notice period, except that Optionee shall not sell any such Shares to
      any other person at a lower price or upon more favorable terms than those
      offered to the Company.

            

    

    

    
      	
               
      

            	
              (e)  Acceptance of
      Restrictions.  Acceptance of the Shares shall constitute
      the Optionee's agreement to such restrictions and the legending of his
      certificates with respect thereto. Notwithstanding such restrictions,
      however, so long as the Optionee is the holder of the Shares, or any
      portion thereof, he shall be entitled to receive all dividends declared on
      and to vote the Shares and to all other rights of a shareholder with
      respect thereto.

            

    

    

    
      	
               
      

            	
              (f)  Permitted
      Transfers.  Notwithstanding any provisions in this
      Section 16 to the contrary, the Optionee may transfer Shares subject to
      this Agreement to his or her parents, spouse, children, or grandchildren,
      or a trust for the benefit of the Optionee or any such transferee(s);
      provided, that such permitted transferee(s) shall hold the Shares subject
      to all the provisions of this Agreement (all references to the Optionee
      herein shall in such cases refer mutatis mutandis to the permitted
      transferee, except in the case of clause (iv) of Section 16(a) wherein the
      permitted transfer shall be deemed to be rescinded); and provided further,
      that notwithstanding any other provisions in this Agreement, a permitted
      transferee may not, in turn, make permitted transfers without the written
      consent of the Optionee and the
Company.

            

    

    

    (g)
Release of Restrictions on Shares. All other restrictions under this Section 16
shall terminate [__] (___) years following the date of this Agreement, or when
the Company's securities are publicly traded, whichever occurs
earlier.

    
      
         

      

      
        - 5
-

        
          

        

      

      
         

      

    

    17.  Notices.  Any
notice required to be given pursuant to this Option or the Plan shall be in
writing and shall be deemed to be delivered upon receipt or, in the case of
notices by the Company, five (5) days after deposit in the U.S. mail, postage
prepaid, addressed to Optionee at the address last provided to the Company by
Optionee for his or her employee records.

    

    18.  Agreement Subject to Plan;
Applicable Law.  This Option is made pursuant to the Plan and
shall be interpreted to comply therewith. A copy of such Plan is available to
Optionee, at no charge, at the principal office of the Company. Any provision of
this Option inconsistent with the Plan shall be considered void and replaced
with the applicable provision of the Plan. This Option has been granted,
executed and delivered in the State of Delaware, and the interpretation and
enforcement shall be governed by the laws thereof and subject to the exclusive
jurisdiction of the courts therein.

    

    [SIGNATURE
PAGE TO FOLLOW]

    
      
         

      

      
        - 6
-

        
          

        

      

      
         

      

    

    In Witness
Whereof, the parties hereto have executed this Option as of the date
first above written.

    

    
      
        
          
            
              
                
                  
                    
                      	 
      	
                              COMPANY:

                            	
                              BODISEN
      BIOTECH, INC.

                            
	 
      	 
      	
                              a
      Delaware corporation

                            
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	
                              By:

                            	 
      	 
      
	 
      	 
      	 
      	
                              Name:

                            	
                              Bo
      Chen

                            
	 
      	 
      	 
      	
                              Title:

                            	
                              Chief
      Executive Officer

                            
	 
      	 
      	 
      	 
      	 
      
	 
      	
                              OPTIONEE:

                            	 
      	 
      	 
      
	 
      	 
      	
                              By:

                            	 
      	 
      
	 
      	 
      	 
      	
                              (signature)

                            
	 
      	 
      	
                              Name:

                            	 
      	 
      

                    

                  

                

              

            

          

        

      

    

    

    (one of the following, as appropriate,
shall be signed)

    

    
      
        
          	
                  I
      certify that as of the date hereof I am unmarried

                	 
      	
                  By
      his or her signature, the spouse of Optionee hereby agrees to be bound by
      the provisions of the foregoing INCENTIVE STOCK OPTION
      AGREEMENT

                
	 
      	 
      	 
      
	 
      	 
      	 
      
	
                  Optionee

                	 
      	
                  Spouse
      of Optionee

                

        

      

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    Appendix
A

    

    NOTICE OF
EXERCISE

    

    BODISEN
BIOTECH, INC.

     

    Re: Incentive Stock Option

    

    Notice is hereby given pursuant to
Section 6 of my Incentive Stock Option Agreement that I elect to purchase the
number of shares set forth below at the exercise price set forth in my option
agreement:

    

    Incentive Stock Option Agreement dated:
____________

    

    Number of shares being purchased:
____________

    

    Exercise Price:
$____________

    

    A check in the amount of the aggregate
price of the shares being purchased is attached.

    

    I hereby confirm that such shares are
being acquired by me for my own account for investment purposes, and not with a
view to, or for resale in connection with, any distribution thereof. I will not
sell or dispose of my Shares in violation of the Securities Act of 1933, as
amended, or any applicable federal or state securities laws. Further, I
understand that the exemption from taxable income at the time of exercise is
dependent upon my holding such stock for a period of at least one year from the
date of exercise and two years from the date of grant of the
Option.

    

    I understand that the certificate
representing the Option Shares will bear a restrictive legend within the
contemplation of the Securities Act and as required by such other state or
federal law or regulation applicable to the issuance or delivery of the Option
Shares.

    

    I agree to provide to the Company such
additional documents or information as may be required pursuant to the Company's
2010 Incentive Stock Plan.

     

    
      	 
      	
              By:

            	
                

            
	 
      	 
      	
              (signature)

            
	 
      	
              Name:

            	
                

            

    

    
    

    
      Appendix
A

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    EXHIBIT
B-1

    

    BODISEN
BIOTECH, INC.

    
      	
              EMPLOYEE
      NONSTATUTORY STOCK OPTION AGREEMENT

            
	
                

            

    

    

    This
Employee Nonstatutory Stock Option Agreement ("Agreement") is made and
entered into as of the date set forth below, by and between BODISEN BIOTECH,
INC., a Delaware corporation (the "Company"), and the following
employee of the Company ("Optionee"):

    

    In consideration of the covenants
herein set forth, the parties hereto agree as follows:

    

    1.  Option
Information.

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          	
                                  (a)    

                                	
                                  Date
      of Option:

                                	
                                    

                                	 
      
	 	 	 	 
	
                                  (b)    

                                	
                                  Optionee:

                                	
                                    

                                	 
      
	 	 	 	 
	
                                  (c)    

                                	
                                  Number
      of Shares:

                                	
                                    

                                	 
      
	 	 	 	 
	
                                  (d)    

                                	
                                  Exercise
      Price:

                                	
                                    

                                	 
      

                        

                      

                    

                  

                

              

            

          

        

      

    

     

    2.  Acknowledgements.

    

    (a) Optionee is an employee of the
Company.

    

    
      	
               
      

            	
              (b)
      The Board of Directors (the "Board" which term shall
      include an authorized committee of the Board of Directors) and
      shareholders of the Company have heretofore adopted a 2010 Incentive Stock
      Plan (the "Plan"),
      pursuant to which this Option is being granted;
  and

            

    

    

    
      	
               
      

            	
              (c)
      The Board has authorized the granting to Optionee of a nonstatutory stock
      option ("Option")
      to purchase shares of common stock of the Company ("Stock") upon the terms
      and conditions hereinafter stated and pursuant to an exemption from
      registration under the Securities Act of 1933, as amended (the "Securities Act")
      provided by Section 4(2)
thereunder.

            

    

    

    3.  Shares;
Price.  Company hereby grants to Optionee the right to
purchase, upon and subject to the terms and conditions herein stated, the number
of shares of Stock set forth in Section 1(c) above (the "Shares") for cash (or other
consideration as is authorized under the Plan and acceptable to the Board of
Directors of the Company, in their sole and absolute discretion) at the price
per Share set forth in Section 1(d) above (the "Exercise Price"), such price
being not less than eighty-five percent (85%) of the fair market value per share
of the Shares covered by this Option as of the date hereof.

    

    4.  Term of Option; Continuation
of Service.  This Option shall expire, and all rights hereunder
to purchase the Shares shall terminate, [__] (___) years from the date hereof.
This Option shall earlier terminate subject to Sections 7 and 8 hereof upon, and
as of the date of, the termination of Optionee's employment if such termination
occurs prior to the end of such [__] (___) year period. Nothing contained herein
shall confer upon Optionee the right to the continuation of his or her
employment by the Company or to interfere with the right of the Company to
terminate such employment or to increase or decrease the compensation of
Optionee from the rate in existence at the date hereof.

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    5.  Vesting of
Option.

    

    Subject to the provisions of Sections 7
and 8 hereof, this Option shall become vested and exercisable during the term of
Optionee's employment in [__] (___) equal annual installments of [___] percent
([__]%) of the Shares covered by this Option, the first installment to be
exercisable on the first anniversary of the date of this Option, with an
additional [____] percent ([__]%) of such Shares becoming exercisable on each of
the [__] (___) successive anniversary dates.  The installments shall
be cumulative (i.e., this option may be exercised, as to any or all shares
covered by an installment, at any time or times after an installment becomes
exercisable and until expiration or termination of this option).

    

    6.  Exercise.  This
Option shall be exercised by delivery to the Company of (a) written notice of
exercise stating the number of Shares being purchased (in whole shares only) and
such other information set forth on the form of Notice of Exercise attached
hereto as Appendix
A, (b) a check or cash in the amount of the Exercise Price of the Shares
covered by the notice (or such other consideration as has been approved by the
Board of Directors consistent with the Plan) and (c) a written investment
representation as provided for in Section 13 hereof. This Option shall not be
assignable or transferable, except by will or by the laws of descent and
distribution, and shall be exercisable only by Optionee during his or her
lifetime, except as provided in Section 8 hereof.

    

    7.  Termination of
Employment.  If Optionee shall cease to be employed by the
Company for any reason, whether voluntarily or involuntarily, other than by his
or her death, Optionee (or if the Optionee shall die after such termination, but
prior to such exercise date, Optionee's personal representative or the person
entitled to succeed to the Option) shall have the right at any time within three
(3) months following such termination of employment or the remaining term of
this Option, whichever is the lesser, to exercise in whole or in part this
Option to the extent, but only to the extent, that this Option was exercisable
as of the date of termination of employment and had not previously been
exercised; provided, however: (i) if Optionee is permanently disabled (within
the meaning of Section 22(e)(3) of the Code) at the time of termination, the
foregoing three (3) month period shall be extended to six (6) months; or (ii) if
Optionee is terminated "for cause," as that term is defined by the terms of the
Plan or this Option Agreement or by any employment agreement between the
Optionee and the Company, this Option shall automatically terminate as to all
Shares covered by this Option not exercised prior to termination.

    

    Unless earlier terminated, all rights
under this Option shall terminate in any event on the expiration date of this
Option as defined in Section 4 hereof.

    

    8.  Death of
Optionee.  If the Optionee shall die while in the employ of the
Company, Optionee's personal representative or the person entitled to Optionee's
rights hereunder may at any time within six (6) months after the date of
Optionee's death, or during the remaining term of this Option, whichever is the
lesser, exercise this Option and purchase Shares to the extent, but only to the
extent, that Optionee could have exercised this Option as of the date of
Optionee's death; provided, in any case, that this Option may be so exercised
only to the extent that this Option has not previously been exercised by
Optionee.

    

    9.  No Rights as
Shareholder.  Optionee shall have no rights as a shareholder
with respect to the Shares covered by any installment of this Option until the
effective date of issuance of the Shares following exercise of this Option, and
no adjustment will be made for dividends or other rights for which the record
date is prior to the date such stock certificate or certificates are issued
except as provided in Section 10 hereof.

    

    10.  Recapitalization.  Subject
to any required action by the shareholders of the Company, the number of Shares
covered by this Option, and the Exercise Price thereof, shall be proportionately
adjusted for any increase or decrease in the number of issued shares resulting
from a subdivision or consolidation of shares or the payment of a stock
dividend, or any other increase or decrease in the number of such shares
effected without receipt of consideration by the Company; provided however that
the conversion of any convertible securities of the Company shall not be deemed
having been "effected without receipt of consideration by the
Company".

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    In the event of a proposed dissolution
or liquidation of the Company, a merger or consolidation in which the Company is
not the surviving entity, or a sale of all or substantially all of the assets or
capital stock of the Company (collectively, a "Reorganization"), unless
otherwise provided by the Board, this Option shall terminate immediately prior
to such date as is determined by the Board, which date shall be no later than
the consummation of such Reorganization. In such event, if the entity which
shall be the surviving entity does not tender to Optionee an offer, for which it
has no obligation to do so, to substitute for any unexercised Option a stock
option or capital stock of such surviving of such surviving entity, as
applicable, which on an equitable basis shall provide the Optionee with
substantially the same economic benefit as such unexercised Option, then the
Board may grant to such Optionee, in its sole and absolute discretion and
without obligation, the right for a period commencing thirty (30) days prior to
and ending immediately prior to the date determined by the Board pursuant hereto
for termination of the Option or during the remaining term of the Option,
whichever is the lesser, to exercise any unexpired Option or Options without
regard to the installment provisions of Section 5; provided, however, that such
exercise shall be subject to the consummation of such
Reorganization.

    

    Subject to any required action by the
shareholders of the Company, if the Company shall be the surviving entity in any
merger or consolidation, this Option thereafter shall pertain to and apply to
the securities to which a holder of Shares equal to the Shares subject to this
Option would have been entitled by reason of such merger or consolidation, and
the installment provisions of Section 5 shall continue to apply.

    

    In the event of a change in the shares
of the Company as presently constituted, which is limited to a change of all of
its authorized Stock without par value into the same number of shares of Stock
with a par value, the shares resulting from any such change shall be deemed to
be the Shares within the meaning of this Option.

    

    To the extent that the foregoing
adjustments relate to shares or securities of the Company, such adjustments
shall be made by the Board, whose determination in that respect shall be final,
binding and conclusive. Except as hereinbefore expressly provided, Optionee
shall have no rights by reason of any subdivision or consolidation of shares of
Stock of any class or the payment of any stock dividend or any other increase or
decrease in the number of shares of stock of any class, and the number and price
of Shares subject to this Option shall not be affected by, and no adjustments
shall be made by reason of, any dissolution, liquidation, merger, consolidation
or sale of assets or capital stock, or any issue by the Company of shares of
stock of any class or securities convertible into shares of stock of any
class.

    

    The grant of this Option shall not
affect in any way the right or power of the Company to make adjustments,
reclassifications, reorganizations or changes in its capital or business
structure or to merge, consolidate, dissolve or liquidate or to sell or transfer
all or any part of its business or assets.

    

    11.  Taxation upon Exercise of
Option.  Optionee understands that, upon exercise of this
Option, Optionee will recognize income, for Federal and state income tax
purposes, in an amount equal to the amount by which the fair market value of the
Shares, determined as of the date of exercise, exceeds the Exercise Price. The
acceptance of the Shares by Optionee shall constitute an agreement by Optionee
to report such income in accordance with then applicable law and to cooperate
with Company in establishing the amount of such income and corresponding
deduction to the Company for its income tax purposes. Withholding for federal or
state income and employment tax purposes will be made, if and as required by
law, from Optionee's then current compensation, or, if such current compensation
is insufficient to satisfy withholding tax liability, the Company may require
Optionee to make a cash payment to cover such liability as a condition of the
exercise of this Option.

    

    12.  Modification, Extension and
Renewal of Options.  The Board or Committee, as described in
the Plan, may modify, extend or renew this Option or accept the surrender
thereof (to the extent not theretofore exercised) and authorize the granting of
a new option in substitution therefor (to the extent not theretofore exercised),
subject at all times to the Plan, the Code and the Delaware Securities Rules.
Notwithstanding the foregoing provisions of this Section 12, no modification
shall, without the consent of the Optionee, alter to the Optionee's detriment or
impair any rights of Optionee hereunder.

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    13.  Investment Intent;
Restrictions on Transfer.

    

    
      	
               
      

            	
              (a)  Optionee
      represents and agrees that if Optionee exercises this Option in whole or
      in part, Optionee will in each case acquire the Shares upon such exercise
      for the purpose of investment and not with a view to, or for resale in
      connection with, any distribution thereof; and that upon such exercise of
      this Option in whole or in part, Optionee (or any person or persons
      entitled to exercise this Option under the provisions of Sections 7 and 8
      hereof) shall furnish to the Company a written statement to such effect,
      satisfactory to the Company in form and substance. If the Shares
      represented by this Option are registered under the Securities Act, either
      before or after the exercise of this Option in whole or in part, the
      Optionee shall be relieved of the foregoing investment representation and
      agreement and shall not be required to furnish the Company with the
      foregoing written statement.

            

    

    

    
      	
               
      

            	
              (b)  Optionee
      further represents that Optionee has had access to the financial
      statements or books and records of the Company, has had the opportunity to
      ask questions of the Company concerning its business, operations and
      financial condition, and to obtain additional information reasonably
      necessary to verify the accuracy of such
  information

            

    

    

    
      	
               
      

            	
              (c)  Unless
      and until the Shares represented by this Option are registered under the
      Securities Act, all certificates representing the Shares and any
      certificates subsequently issued in substitution therefor and any
      certificate for any securities issued pursuant to any stock split, share
      reclassification, stock dividend or other similar capital event shall bear
      legends in substantially the following
form:

            

    

    

    
      	
               
      

            	
              THESE
      SECURITIES HAVE NOT BEEN REGISTERED OR OTHERWISE QUALIFIED UNDER THE
      SECURITIES ACT OF 1933 (THE 'SECURITIES ACT') OR UNDER THE APPLICABLE OR
      SECURITIES LAWS OF ANY STATE. NEITHER THESE SECURITIES NOR ANY INTEREST
      THEREIN MAY BE SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF IN THE
      ABSENCE OF REGISTRATION UNDER THE SECURITIES ACT OR ANY APPLICABLE
      SECURITIES LAWS OF ANY STATE, UNLESS PURSUANT TO EXEMPTIONS
      THEREFROM.

            

    

    

    
      	
               
      

            	
              THE
      SHARES REPRESENTED BY THIS CERTIFICATE HAVE BEEN ISSUED PURSUANT TO THAT
      CERTAIN NONSTATUTORY STOCK OPTION AGREEMENT DATED ____________ BETWEEN THE
      COMPANY AND THE ISSUEE WHICH RESTRICTS THE TRANSFER OF THESE SHARES WHICH
      ARE SUBJECT TO REPURCHASE BY THE COMPANY UNDER CERTAIN
      CONDITIONS.

            

    

    

    and/or
such other legend or legends as the Company and its counsel deem necessary or
appropriate. Appropriate stop transfer instructions with respect to the Shares
have been placed with the Company's transfer agent.

    

    14.  Stand-off
Agreement.  Optionee agrees that, in connection with any
registration of the Company's securities under the Securities Act, and upon the
request of the Company or any underwriter managing an underwritten offering of
the Company's securities, Optionee shall not sell, short any sale of, loan,
grant an option for, or otherwise dispose of any of the Shares (other than
Shares included in the offering) without the prior written consent of the
Company or such managing underwriter, as applicable, for a period of at least
one year following the effective date of registration of such
offering.

    

    15.  Restriction Upon
Transfer.  The Shares may not be sold, transferred or otherwise
disposed of and shall not be pledged or otherwise hypothecated by the Optionee
except as hereinafter provided.

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              (a)
      Repurchase Right on Termination Other Than For Cause. For the purposes of
      this Section, a "Repurchase Event" shall
      mean an occurrence of one of (i) termination of Optionee's employment by
      the Company, voluntary or involuntary and with or without cause; (ii)
      retirement or death of Optionee; (iii) bankruptcy of Optionee, which shall
      be deemed to have occurred as of the date on which a voluntary or
      involuntary petition in bankruptcy is filed with a court of competent
      jurisdiction; (iv) dissolution of the marriage of Optionee, to the extent
      that any of the Shares are allocated as the sole and separate property of
      Optionee's spouse pursuant thereto (in which case, this Section shall only
      apply to the Shares so affected); or (v) any attempted transfer by the
      Optionee of Shares, or any interest therein, in violation of this
      Agreement. Upon the occurrence of a Repurchase Event, the Company shall
      have the right (but not an obligation) to repurchase all or any portion of
      the Shares of Optionee at a price equal to the fair value of the Shares as
      of the date of the Repurchase
Event.

            

    

    

    
      	
               
      

            	
              (b)
      Repurchase Right on Termination for Cause. In the event Optionee's
      employment is terminated by the Company "for cause", then the Company
      shall have the right (but not an obligation) to repurchase Shares of
      Optionee at a price equal to the Exercise Price. Such right of the Company
      to repurchase Shares shall apply to 100% of the Shares for one (1) year
      from the date of this Agreement; and shall thereafter lapse at the rate of
      twenty percent (20%) of the Shares on each anniversary of the date of this
      Agreement. In addition, the Company shall have the right, in the sole
      discretion of the Board and without obligation, to repurchase upon
      termination for cause all or any portion of the Shares of Optionee, at a
      price equal to the fair value of the Shares as of the date of termination,
      which right is not subject to the foregoing lapsing of rights. In the
      event the Company elects to repurchase the Shares, the stock certificates
      representing the same shall forthwith be returned to the Company for
      cancellation.

            

    

    

    
      	
               
      

            	
              (c)
      Exercise of Repurchase Right. Any Repurchase Right under Paragraphs 15(a)
      or 15(b) shall be exercised by giving notice of exercise as provided
      herein to Optionee or the estate of Optionee, as applicable. Such right
      shall be exercised, and the repurchase price thereunder shall be paid, by
      the Company within a ninety (90) day period beginning on the date of
      notice to the Company of the occurrence of such Repurchase Event (except
      in the case of termination of employment or retirement, where such option
      period shall begin upon the occurrence of the Repurchase Event). Such
      repurchase price shall be payable only in the form of cash (including a
      check drafted on immediately available funds) or cancellation of purchase
      money indebtedness of the Optionee for the Shares. If the Company can not
      purchase all such Shares because it is unable to meet the financial tests
      set forth in the Delaware and/or Delaware corporation law, the Company
      shall have the right to purchase as many Shares as it is permitted to
      purchase under such sections. Any Shares not purchased by the Company
      hereunder shall no longer be subject to the provisions of this Section
      15.

            

    

    

    
      	
               
      

            	
              (d)
      Right of First Refusal. In the event Optionee desires to transfer any
      Shares during his or her lifetime, Optionee shall first offer to sell such
      Shares to the Company. Optionee shall deliver to the Company written
      notice of the intended sale, such notice to specify the number of Shares
      to be sold, the proposed purchase price and terms of payment, and grant
      the Company an option for a period of thirty days following receipt of
      such notice to purchase the offered Shares upon the same terms and
      conditions. To exercise such option, the Company shall give notice of that
      fact to Optionee within the thirty (30) day notice period and agree to pay
      the purchase price in the manner provided in the notice. If the Company
      does not purchase all of the Shares so offered during foregoing option
      period, Optionee shall be under no obligation to sell any of the offered
      Shares to the Company, but may dispose of such Shares in any lawful manner
      during a period of one hundred and eighty (180) days following the end of
      such notice period, except that Optionee shall not sell any such Shares to
      any other person at a lower price or upon more favorable terms than those
      offered to the Company.

            

    

    

    
      	
               
      

            	
              (e)
      Acceptance of Restrictions. Acceptance of the Shares shall constitute the
      Optionee's agreement to such restrictions and the legending of his
      certificates with respect thereto. Notwithstanding such restrictions,
      however, so long as the Optionee is the holder of the Shares, or any
      portion thereof, he shall be entitled to receive all dividends declared on
      and to vote the Shares and to all other rights of a shareholder with
      respect thereto.

            

    

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              (f)
      Permitted Transfers. Notwithstanding any provisions in this Section 15 to
      the contrary, the Optionee may transfer Shares subject to this Agreement
      to his or her parents, spouse, children, or grandchildren, or a trust for
      the benefit of the Optionee or any such transferee(s); provided, that such
      permitted transferee(s) shall hold the Shares subject to all the
      provisions of this Agreement (all references to the Optionee herein shall
      in such cases refer mutatis mutandis to the permitted transferee, except
      in the case of clause (iv) of Section 15(a) wherein the permitted transfer
      shall be deemed to be rescinded); and provided further, that
      notwithstanding any other provisions in this Agreement, a permitted
      transferee may not, in turn, make permitted transfers without the written
      consent of the Optionee and the
Company.

            

    

    

    
      	
               
      

            	
              (g)
      Release of Restrictions on Shares. All other restrictions under this
      Section 15 shall terminate [__] (___) years following the date of this
      Agreement, or when the Company's securities are publicly traded, whichever
      occurs earlier.

            

    

    

    16.  Notices.  Any
notice required to be given pursuant to this Option or the Plan shall be in
writing and shall be deemed to be delivered upon receipt or, in the case of
notices by the Company, five (5) days after deposit in the U.S. mail, postage
prepaid, addressed to Optionee at the address last provided by Optionee for his
or her employee records.

    

    17.  Agreement Subject to Plan;
Applicable Law.  This Option is made pursuant to the Plan and
shall be interpreted to comply therewith. A copy of such Plan is available to
Optionee, at no charge, at the principal office of the Company. Any provision of
this Option inconsistent with the Plan shall be considered void and replaced
with the applicable provision of the Plan. This Option has been granted,
executed and delivered in the State of Delaware, and the interpretation and
enforcement shall be governed by the laws thereof and subject to the exclusive
jurisdiction of the courts therein.

    

    [SIGNATURE
PAGE TO FOLLOW]

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    In Witness
Whereof, the parties hereto have executed this Option as of the date
first above written.

     

    
      
        
          
            	
                    COMPANY:

                  	
                    BODISEN
      BIOTECH, INC.

                  
	 
      	
                    a
      Delaware corporation

                  
	 
      	 
      
	 
      	
                    By:

                  	
                      

                  
	 
      	 
      	
                    Name:
      Bo Chen

                  
	 
      	 
      	
                    Title:   Chief
      Executive Officer

                  
	 
      	 
      	 
      
	
                    OPTIONEE:

                  	 
      	 
      
	 
      	
                    By:

                  	
                      

                  
	 
      	 
      	
                    (signature)

                  
	 
      	
                    Name:

                  	 
      

          

        

      

    

     

    (one of the following, as appropriate,
shall be signed)

     

    
      
        
          	
                  I
      certify that as of the date hereof I am unmarried

                	 
      	
                  By
      his or her signature, the spouse of Optionee hereby agrees to be bound by
      the provisions of the foregoing INCENTIVE STOCK OPTION
      AGREEMENT

                
	 
      	 
      	 
      
	
                    

                	 
      	
                    

                
	
                  Optionee

                	 
      	
                  Spouse
      of Optionee

                

        

      

    

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    Appendix
A

    

    NOTICE
OF EXERCISE

    

    BODISEN
BIOTECH, INC.

    

    Re: Nonstatutory Stock
Option

    

    Notice is hereby given pursuant to
Section 6 of my Nonstatutory Stock Option Agreement that I elect to purchase the
number of shares set forth below at the exercise price set forth in my option
agreement:

    

    Nonstatutory Stock Option Agreement
dated: ____________

    

    Number of shares being purchased:
____________

    

    Exercise Price:
$____________

    

    A check in the amount of the aggregate
price of the shares being purchased is attached.

    

    I hereby confirm that such shares are
being acquired by me for my own account for investment purposes, and not with a
view to, or for resale in connection with, any distribution thereof. I will not
sell or dispose of my Shares in violation of the Securities Act of 1933, as
amended, or any applicable federal or state securities laws. Further, I
understand that the exemption from taxable income at the time of exercise is
dependent upon my holding such stock for a period of at least one year from the
date of exercise and two years from the date of grant of the
Option.

    

    I understand that the certificate
representing the Option Shares will bear a restrictive legend within the
contemplation of the Securities Act and as required by such other state or
federal law or regulation applicable to the issuance or delivery of the Option
Shares.

    

    I agree to provide to the Company such
additional documents or information as may be required pursuant to the Company's
2010 Incentive Stock Plan.

     

    
      
        	 
      	
                By:

              	
                  

              
	 
      	 
      	
                (signature)

              
	 
      	
                Name:

              	
                  

              

      

    

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    EXHIBIT
B-2

    

    BODISEN
BIOTECH, INC.

    
      
        	
                NONSTATUTORY
      STOCK OPTION AGREEMENT

              
	
                  

              

      

    

     
 

    This
Nonstatutory Stock Option Agreement ("Agreement") is made and
entered into as of the date set forth below, by and between Bodisen Biotech,
Inc., a Delaware corporation (the "Company"), and the following
Director of the Company ("Optionee"):

    

    In consideration of the covenants
herein set forth, the parties hereto agree as follows:

    

    1.  Option
Information.

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            	
                                    (a)    

                                  	
                                    Date
      of Option:

                                  	
                                      

                                  	 
      
	 	 	 	 
	
                                    (b)    

                                  	
                                    Optionee:

                                  	
                                      

                                  	 
      
	 	 	 	 
	
                                    (c)    

                                  	
                                    Number
      of Shares:

                                  	
                                      

                                  	 
      
	 	 	 	 
	
                                    (d)    

                                  	
                                    Exercise
      Price:

                                  	
                                      

                                  	 
      

                          

                        

                      

                    

                  

                

              

            

          

        

      

       

    

    2.  Acknowledgements.

    

    (a)  Optionee is a member of
the Board of Directors of the Company.

    

    
      	
               
      

            	
              (b)  The
      Board of Directors (the "Board" which term shall
      include an authorized committee of the Board of Directors) and
      shareholders of the Company have heretofore adopted a 2010 Incentive Stock
      Plan (the "Plan"),
      pursuant to which this Option is being granted;
  and

            

    

    

    
      	
               
      

            	
              (c)  The
      Board has authorized the granting to Optionee of a nonstatutory stock
      option ("Option")
      to purchase shares of common stock of the Company ("Stock") upon the terms
      and conditions hereinafter stated and pursuant to an exemption from
      registration under the Securities Act of 1933, as amended (the "Securities Act")
      provided by Section 4(2)
thereunder.

            

    

    

    3.  Shares;
Price.  Company hereby grants to Optionee the right to
purchase, upon and subject to the terms and conditions herein stated, the number
of shares of Stock set forth in Section 1(c) above (the "Shares") for cash (or other
consideration as is authorized under the Plan and acceptable to the Board of
Directors of the Company, in their sole and absolute discretion) at the price
per Share set forth in Section 1(d) above (the "Exercise Price"), such price
being not less than eighty-five percent (85%) of the fair market value per share
of the Shares covered by this Option as of the date hereof.

    

    4.  Term of Option; Continuation
of Service.  This Option shall expire, and all rights hereunder
to purchase the Shares shall terminate, [__] (___) years from the date hereof.
This Option shall earlier terminate subject to Sections 7 and 8 hereof upon, and
as of the date of, the termination of Optionee's employment if such termination
occurs prior to the end of such [__] (___) year period. Nothing contained herein
shall confer upon Optionee the right to the continuation of his or her
employment by the Company or to interfere with the right of the Company to
terminate such employment or to increase or decrease the compensation of
Optionee from the rate in existence at the date hereof.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    5.  Vesting of
Option.

    

    Subject to the provisions of Sections 7
and 8 hereof, this Option shall become exercisable during the term that Optionee
serves as a Director of the Company in [__] (___) equal annual installments of
[____] percent ([___]%) of the Shares covered by this Option, the first
installment to be exercisable on the first anniversary of the date of this
Option, with an additional [____] percent ([__]%) of such Shares becoming
exercisable on each of the [__] (___) successive anniversary dates. The
installments shall be cumulative (i.e., this option may be exercised, as to any
or all shares covered by an installment, at any time or times after an
installment becomes exercisable and until expiration or termination of this
Option).

    

    6.  Exercise.  This
Option shall be exercised by delivery to the Company of (a) written notice of
exercise stating the number of Shares being purchased (in whole shares only) and
such other information set forth on the form of Notice of Exercise attached
hereto as Appendix
A, (b) a check or cash in the amount of the Exercise Price of the Shares
covered by the notice (or such other consideration as has been approved by the
Board of Directors consistent with the Plan) and (c) a written investment
representation as provided for in Section 13 hereof. This Option shall not be
assignable or transferable, except by will or by the laws of descent and
distribution, and shall be exercisable only by Optionee during his or her
lifetime, except as provided in Section 8 hereof.

    

    7.  Termination of
Service.  If Optionee shall cease to serve as a Director of the
Company for any reason, no further installments shall vest pursuant to Section
5, and the maximum number of Shares that Optionee may purchase pursuant hereto
shall be limited to the number of Shares that were vested as of the date
Optionee ceases to be a Director (to the nearest whole Share). Thereupon,
Optionee shall have the right to exercise this Option, at any time during the
remaining term hereof, to the extent, but only to the extent, that this Option
was exercisable as of the date Optionee ceases to be a Director; provided,
however, if Optionee is removed as a Director pursuant to the Delaware
corporation law, the foregoing right to exercise shall automatically terminate
on the date Optionee ceases to be a Director as to all Shares covered by this
Option not exercised prior to termination. Unless earlier terminated, all rights
under this Option shall terminate in any event on the expiration date of this
Option as defined in Section 4 hereof.

    

    8.  Death of
Optionee.  If the Optionee shall die while in the employ of the
Company, Optionee's personal representative or the person entitled to Optionee's
rights hereunder may at any time within six (6) months after the date of
Optionee's death, or during the remaining term of this Option, whichever is the
lesser, exercise this Option and purchase Shares to the extent, but only to the
extent, that Optionee could have exercised this Option as of the date of
Optionee's death; provided, in any case, that this Option may be so exercised
only to the extent that this Option has not previously been exercised by
Optionee.

    

    9.  No Rights as
Shareholder.  Optionee shall have no rights as a shareholder
with respect to the Shares covered by any installment of this Option until the
effective date of issuance of the Shares following exercise of this Option, and
no adjustment will be made for dividends or other rights for which the record
date is prior to the date such stock certificate or certificates are issued
except as provided in Section 10 hereof.

    

    10.  Recapitalization.  Subject
to any required action by the shareholders of the Company, the number of Shares
covered by this Option, and the Exercise Price thereof, shall be proportionately
adjusted for any increase or decrease in the number of issued shares resulting
from a subdivision or consolidation of shares or the payment of a stock
dividend, or any other increase or decrease in the number of such shares
effected without receipt of consideration by the Company; provided however that
the conversion of any convertible securities of the Company shall not be deemed
having been "effected without receipt of consideration by the
Company".

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    In the event of a proposed dissolution
or liquidation of the Company, a merger or consolidation in which the Company is
not the surviving entity, or a sale of all or substantially all of the assets or
capital stock of the Company (collectively, a "Reorganization"), unless
otherwise provided by the Board, this Option shall terminate immediately prior
to such date as is determined by the Board, which date shall be no later than
the consummation of such Reorganization. In such event, if the entity which
shall be the surviving entity does not tender to Optionee an offer, for which it
has no obligation to do so, to substitute for any unexercised Option a stock
option or capital stock of such surviving of such surviving entity, as
applicable, which on an equitable basis shall provide the Optionee with
substantially the same economic benefit as such unexercised Option, then the
Board may grant to such Optionee, in its sole and absolute discretion and
without obligation, the right for a period commencing thirty (30) days prior to
and ending immediately prior to the date determined by the Board pursuant hereto
for termination of the Option or during the remaining term of the Option,
whichever is the lesser, to exercise any unexpired Option or Options without
regard to the installment provisions of Section 5; provided, however, that such
exercise shall be subject to the consummation of such
Reorganization.

    

    Subject to any required action by the
shareholders of the Company, if the Company shall be the surviving entity in any
merger or consolidation, this Option thereafter shall pertain to and apply to
the securities to which a holder of Shares equal to the Shares subject to this
Option would have been entitled by reason of such merger or consolidation, and
the installment provisions of Section 5 shall continue to apply.

    

    In the event of a change in the shares
of the Company as presently constituted, which is limited to a change of all of
its authorized Stock without par value into the same number of shares of Stock
with a par value, the shares resulting from any such change shall be deemed to
be the Shares within the meaning of this Option.

    

    To the extent that the foregoing
adjustments relate to shares or securities of the Company, such adjustments
shall be made by the Board, whose determination in that respect shall be final,
binding and conclusive. Except as hereinbefore expressly provided, Optionee
shall have no rights by reason of any subdivision or consolidation of shares of
Stock of any class or the payment of any stock dividend or any other increase or
decrease in the number of shares of stock of any class, and the number and price
of Shares subject to this Option shall not be affected by, and no adjustments
shall be made by reason of, any dissolution, liquidation, merger, consolidation
or sale of assets or capital stock, or any issue by the Company of shares of
stock of any class or securities convertible into shares of stock of any
class.

    

    The grant of this Option shall not
affect in any way the right or power of the Company to make adjustments,
reclassifications, reorganizations or changes in its capital or business
structure or to merge, consolidate, dissolve or liquidate or to sell or transfer
all or any part of its business or assets.

    

    11.  Taxation upon Exercise of
Option.  Optionee understands that, upon exercise of this
Option, Optionee will recognize income, for Federal and state income tax
purposes, in an amount equal to the amount by which the fair market value of the
Shares, determined as of the date of exercise, exceeds the Exercise Price. The
acceptance of the Shares by Optionee shall constitute an agreement by Optionee
to report such income in accordance with then applicable law and to cooperate
with Company in establishing the amount of such income and corresponding
deduction to the Company for its income tax purposes. Withholding for federal or
state income and employment tax purposes will be made, if and as required by
law, from Optionee's then current compensation, or, if such current compensation
is insufficient to satisfy withholding tax liability, the Company may require
Optionee to make a cash payment to cover such liability as a condition of the
exercise of this Option.

    

    12.  Modification, Extension and
Renewal of Options.  The Board or Committee, as described in
the Plan, may modify, extend or renew this Option or accept the surrender
thereof (to the extent not theretofore exercised) and authorize the granting of
a new option in substitution therefore (to the extent not theretofore
exercised), subject at all times to the Plan, the Code and the Delaware
Securities Rules.  Notwithstanding the foregoing provisions of this
Section 12, no modification shall, without the consent of the Optionee, alter to
the Optionee's detriment or impair any rights of Optionee
hereunder.

    

    13.  Investment Intent;
Restrictions on Transfer.

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              (a)  Optionee
      represents and agrees that if Optionee exercises this Option in whole or
      in part, Optionee will in each case acquire the Shares upon such exercise
      for the purpose of investment and not with a view to, or for resale in
      connection with, any distribution thereof; and that upon such exercise of
      this Option in whole or in part, Optionee (or any person or persons
      entitled to exercise this Option under the provisions of Sections 7 and 8
      hereof) shall furnish to the Company a written statement to such effect,
      satisfactory to the Company in form and substance. If the Shares
      represented by this Option are registered under the Securities Act, either
      before or after the exercise of this Option in whole or in part, the
      Optionee shall be relieved of the foregoing investment representation and
      agreement and shall not be required to furnish the Company with the
      foregoing written statement.

            

    

    

    
      	
               
      

            	
              (b)  Optionee
      further represents that Optionee has had access to the financial
      statements or books and records of the Company, has had the opportunity to
      ask questions of the Company concerning its business, operations and
      financial condition, and to obtain additional information reasonably
      necessary to verify the accuracy of such
  information

            

    

    

    
      	
               
      

            	
              (c)
      Unless and until the Shares represented by this Option are registered
      under the Securities Act, all certificates representing the Shares and any
      certificates subsequently issued in substitution therefor and any
      certificate for any securities issued pursuant to any stock split, share
      reclassification, stock dividend or other similar capital event shall bear
      legends in substantially the following
form:

            

    

    

    
      	
               
      

            	
              THESE
      SECURITIES HAVE NOT BEEN REGISTERED OR OTHERWISE QUALIFIED UNDER THE
      SECURITIES ACT OF 1933 (THE 'SECURITIES ACT') OR UNDER THE APPLICABLE OR
      SECURITIES LAWS OF ANY STATE. NEITHER THESE SECURITIES NOR ANY INTEREST
      THEREIN MAY BE SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF IN THE
      ABSENCE OF REGISTRATION UNDER THE SECURITIES ACT OR ANY APPLICABLE
      SECURITIES LAWS OF ANY STATE, UNLESS PURSUANT TO EXEMPTIONS
      THEREFROM.

            

    

    

    
      	
               
      

            	
              THE
      SHARES REPRESENTED BY THIS CERTIFICATE HAVE BEEN ISSUED PURSUANT TO THAT
      CERTAIN NONSTATUTORY STOCK OPTION AGREEMENT DATED ____________ BETWEEN THE
      COMPANY AND THE ISSUEE WHICH RESTRICTS THE TRANSFER OF THESE SHARES WHICH
      ARE SUBJECT TO REPURCHASE BY THE COMPANY UNDER CERTAIN
      CONDITIONS.

            

    

    

    and/or
such other legend or legends as the Company and its counsel deem necessary or
appropriate. Appropriate stop transfer instructions with respect to the Shares
have been placed with the Company's transfer agent.

    

    14.  Stand-off
Agreement.  Optionee agrees that, in connection with any
registration of the Company's securities under the Securities Act, and upon the
request of the Company or any underwriter managing an underwritten offering of
the Company's securities, Optionee shall not sell, short any sale of, loan,
grant an option for, or otherwise dispose of any of the Shares (other than
Shares included in the offering) without the prior written consent of the
Company or such managing underwriter, as applicable, for a period of at least
one year following the effective date of registration of such
offering.

    

    15.  Restriction Upon
Transfer.  The Shares may not be sold, transferred or otherwise
disposed of and shall not be pledged or otherwise hypothecated by the Optionee
except as hereinafter provided.

    

    
      	
               
      

            	
              (a)  Repurchase Right on
      Termination Other Than by Removal.  For the purposes of
      this Section, a "Repurchase Event" shall
      mean an occurrence of one of (i) termination of Optionee's service as a
      director; (ii) death of Optionee; (iii) bankruptcy of Optionee, which
      shall be deemed to have occurred as of the date on which a voluntary or
      involuntary petition in bankruptcy is filed with a court of competent
      jurisdiction; (iv) dissolution of the marriage of Optionee, to the extent
      that any of the Shares are allocated as the sole and separate property of
      Optionee's spouse pursuant thereto (in which case, this Section shall only
      apply to the Shares so affected); or (v) any attempted transfer by the
      Optionee of Shares, or any interest therein, in violation of this
      Agreement. Upon the occurrence of a Repurchase Event, and upon mutual
      agreement of the Company and Optionee, the Company may repurchase all or
      any portion of the Shares of Optionee at a price equal to the fair value
      of the Shares as of the date of the Repurchase
  Event.

            

    

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              (b)  Repurchase Right on
      Removal.  In the event Optionee is removed as a director
      pursuant to the Delaware General Corporation Law, or Optionee voluntarily
      resigns as a director prior to the date upon which the last installment of
      Shares becomes exercisable pursuant to Section 5, then the Company shall
      have the right (but not an obligation) to repurchase Shares of Optionee at
      a price equal to the Exercise Price. Such right of the Company to
      repurchase Shares shall apply to 100% of the Shares for one (1) year from
      the date of this Agreement; and shall thereafter lapse ratably in equal
      annual increments on each anniversary of the date of this Agreement over
      the term of this Option specified in Section 4. In addition, the Company
      shall have the right, in the sole discretion of the Board and without
      obligation, to repurchase upon removal or resignation all or any portion
      of the Shares of Optionee, at a price equal to the fair value of the
      Shares as of the date of such removal or resignation, which right is not
      subject to the foregoing lapsing of rights. In the event the Company
      elects to repurchase the Shares, the stock certificates representing the
      same shall forthwith be returned to the Company for
      cancellation.

            

    

    

    
      	
               
      

            	
              (c)  Exercise of Repurchase
      Right.  Any Repurchase Right under Paragraphs 15(a) or
      15(b) shall be exercised by giving notice of exercise as provided herein
      to Optionee or the estate of Optionee, as applicable. Such right shall be
      exercised, and the repurchase price thereunder shall be paid, by the
      Company within a ninety (90) day period beginning on the date of notice to
      the Company of the occurrence of such Repurchase Event (except in the case
      of termination or cessation of services as director, where such option
      period shall begin upon the occurrence of the Repurchase Event). Such
      repurchase price shall be payable only in the form of cash (including a
      check drafted on immediately available funds) or cancellation of purchase
      money indebtedness of the Optionee for the Shares. If the Company can not
      purchase all such Shares because it is unable to meet the financial tests
      set forth in the Delaware corporation law, the Company shall have the
      right to purchase as many Shares as it is permitted to purchase under such
      sections. Any Shares not purchased by the Company hereunder shall no
      longer be subject to the provisions of this Section
  15.

            

    

    

    
      	
               
      

            	
              (d)  Right
      of First Refusal. In the event Optionee desires to transfer any Shares
      during his or her lifetime, Optionee shall first offer to sell such Shares
      to the Company. Optionee shall deliver to the Company written notice of
      the intended sale, such notice to specify the number of Shares to be sold,
      the proposed purchase price and terms of payment, and grant the Company an
      option for a period of thirty days following receipt of such notice to
      purchase the offered Shares upon the same terms and conditions. To
      exercise such option, the Company shall give notice of that fact to
      Optionee within the thirty (30) day notice period and agree to pay the
      purchase price in the manner provided in the notice. If the Company does
      not purchase all of the Shares so offered during foregoing option period,
      Optionee shall be under no obligation to sell any of the offered Shares to
      the Company, but may dispose of such Shares in any lawful manner during a
      period of one hundred and eighty (180) days following the end of such
      notice period, except that Optionee shall not sell any such Shares to any
      other person at a lower price or upon more favorable terms than those
      offered to the Company.

            

    

    

    
      	
               
      

            	
              (e)  Acceptance
      of Restrictions. Acceptance of the Shares shall constitute the Optionee's
      agreement to such restrictions and the legending of his certificates with
      respect thereto. Notwithstanding such restrictions, however, so long as
      the Optionee is the holder of the Shares, or any portion thereof, he shall
      be entitled to receive all dividends declared on and to vote the Shares
      and to all other rights of a shareholder with respect
    thereto.

            

    

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              (f)  Permitted
      Transfers. Notwithstanding any provisions in this Section 15 to the
      contrary, the Optionee may transfer Shares subject to this Agreement to
      his or her parents, spouse, children, or grandchildren, or a trust for the
      benefit of the Optionee or any such transferee(s); provided, that such
      permitted transferee(s) shall hold the Shares subject to all the
      provisions of this Agreement (all references to the Optionee herein shall
      in such cases refer mutatis mutandis to the permitted transferee, except
      in the case of clause (iv) of Section 15(a) wherein the permitted transfer
      shall be deemed to be rescinded); and provided further, that
      notwithstanding any other provisions in this Agreement, a permitted
      transferee may not, in turn, make permitted transfers without the written
      consent of the Optionee and the
Company.

            

    

    

    
      	
               
      

            	
              (g)  Release
      of Restrictions on Shares. All other restrictions under this Section 15
      shall terminate [__] (___) years following the date of this Agreement, or
      when the Company's securities are publicly traded, whichever occurs
      earlier.

            

    

    

    16.  Notices.  Any
notice required to be given pursuant to this Option or the Plan shall be in
writing and shall be deemed to be delivered upon receipt or, in the case of
notices by the Company, five (5) days after deposit in the U.S. mail, postage
prepaid, addressed to Optionee at the address last provided by Optionee for use
in Company records related to Optionee.

    

    17.  Agreement Subject to Plan;
Applicable Law.  This Option is made pursuant to the Plan and
shall be interpreted to comply therewith. A copy of such Plan is available to
Optionee, at no charge, at the principal office of the Company. Any provision of
this Option inconsistent with the Plan shall be considered void and replaced
with the applicable provision of the Plan. This Option has been granted,
executed and delivered in the State of Delaware, and the interpretation and
enforcement shall be governed by the laws thereof and subject to the exclusive
jurisdiction of the courts therein.

    

    [SIGNATURE
PAGE TO FOLLOW]

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    IN WITNESS WHEREOF, the
parties hereto have executed this Option as of the date first above
written.

     

    
      
        
          	
                  COMPANY:

                	 
      
	 
      	
                  BODISEN
      BIOTECH, INC.

                
	 
      	
                  a
      Delaware corporation

                
	 
      	 
      
	 
      	
                  By:

                	
                    

                
	 
      	 
      	
                  Name:
      Bo Chen

                
	 
      	 
      	
                  Title:   Chief
      Executive Officer

                
	 
      	 
      	 
      
	
                  OPTIONEE:

                	 
      	 
      
	 
      	
                  By:

                	
                    

                
	 
      	 
      	
                  (signature)

                
	 
      	
                  Name:

                	
                    

                

        

      

    

     

    (one of the following, as appropriate,
shall be signed)

    

    
      
        	
                I
      certify that as of the date hereof I am unmarried

              	 
      	
                By
      his or her signature, the spouse of Optionee hereby agrees to be bound by
      the provisions of the foregoing INCENTIVE STOCK OPTION
      AGREEMENT

              
	 
      	 
      	 
      
	
                Optionee

              	 
      	
                Spouse
      of Optionee

              

      

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Appendix
A

    

    NOTICE OF
EXERCISE

    

    BODISEN
BIOTECH, INC.

     

                   Re:
Nonstatutory Stock Option

    

    Notice is hereby given pursuant to
Section 6 of my Nonstatutory Stock Option Agreement that I elect to purchase the
number of shares set forth below at the exercise price set forth in my option
agreement:

    

    Nonstatutory Stock Option Agreement
dated: ____________

    

    Number of shares being purchased:
____________

    

    Exercise Price:
$____________

    

    A check in the amount of the aggregate
price of the shares being purchased is attached.

    

    I hereby confirm that such shares are
being acquired by me for my own account for investment purposes, and not with a
view to, or for resale in connection with, any distribution thereof. I will not
sell or dispose of my Shares in violation of the Securities Act of 1933, as
amended, or any applicable federal or state securities laws. Further, I
understand that the exemption from taxable income at the time of exercise is
dependent upon my holding such stock for a period of at least one year from the
date of exercise and two years from the date of grant of the
Option.

    

    I understand that the certificate
representing the Option Shares will bear a restrictive legend within the
contemplation of the Securities Act and as required by such other state or
federal law or regulation applicable to the issuance or delivery of the Option
Shares.

    

    I agree to provide to the Company such
additional documents or information as may be required pursuant to the Company's
2010 Incentive Stock Plan.

     

    
      
        
          	 
      	
                  By:

                	
                    

                
	 
      	 
      	
                  (signature)

                
	 
      	
                  Name:

                	
                    

                

        

      

    

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    EXHIBIT
B-3

    

    BODISEN
BIOTECH, INC.

    
      
        
          	
                  CONSULTANT
      NONSTATUTORY STOCK OPTION AGREEMENT

                
	
                    

                

        

      

    

      

    This
Consultant Nonstatutory Stock Option Agreement ("Agreement") is made and
entered into as of the date set forth below, by and between Bodisen Biotech,
Inc., a Delaware corporation (the "Company"), and the following
consultant to the Company (herein, the "Optionee"):

    

    In consideration of the covenants
herein set forth, the parties hereto agree as follows:

    

    1.  Option
Information.

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            	
                                    (a)    

                                  	
                                    Date
      of Option:

                                  	
                                      

                                  	 
      
	 	 	 	 
	
                                    (b)    

                                  	
                                    Optionee:

                                  	
                                      

                                  	 
      
	 	 	 	 
	
                                    (c)    

                                  	
                                    Number
      of Shares:

                                  	
                                      

                                  	 
      
	 	 	 	 
	
                                    (d)    

                                  	
                                    Exercise
      Price:

                                  	
                                      

                                  	 
      

 

                        

                      

                    

                  

                

              

            

          

        

      

    

    2.  Acknowledgements.

    

    
      	
               
      

            	
              (a)  Optionee
      is an independent consultant to the Company, not an
    employee;

            

    

    

    
      	
               
      

            	
              (b)  The
      Board of Directors (the "Board" which term shall
      include an authorized committee of the Board of Directors) and
      shareholders of the Company have heretofore adopted a 2010 Incentive Stock
      Plan (the "Plan"),
      pursuant to which this Option is being granted;
  and

            

    

    

    
      	
               
      

            	
              (c)  The
      Board has authorized the granting to Optionee of a nonstatutory stock
      option ("Option")
      to purchase shares of common stock of the Company ("Stock") upon the terms
      and conditions hereinafter stated and pursuant to an exemption from
      registration under the Securities Act of 1933, as amended (the "Securities Act")
      provided by Section 4(2)
thereunder.

            

    

    

    3.  Shares;
Price.  The Company hereby grants to Optionee the right to
purchase, upon and subject to the terms and conditions herein stated, the number
of shares of Stock set forth in Section 1(c) above (the "Shares") for cash (or other
consideration as is authorized under the Plan and acceptable to the Board, in
their sole and absolute discretion) at the price per Share set forth in Section
1(d) above (the "Exercise
Price"), such price being not less than eighty-five 85% of the fair
market value per share of the Shares covered by this Option as of the date
hereof.

    

    4.  Term of
Option.  This Option shall expire, and all rights hereunder to
purchase the Shares, shall terminate [__] (___) years from the date hereof.
Nothing contained herein shall be construed to interfere in any way with the
right of the Company to terminate Optionee as a consultant to the Company, or to
increase or decrease the compensation paid to Optionee from the rate in effect
as of the date hereof.

    

    5.  Vesting of Option.
Subject to the provisions of Sections 7 and 8 hereof, this Option shall become
exercisable during the period that Optionee serves as a consultant of the
Company in equal annual installments, each installment covering a fraction of
the Shares, the numerator of which is [__] (___) and the denominator of which is
the number of years in the term of this Option (not to exceed [__]). The first
installment shall become exercisable on the first anniversary of the date of
this Option, and an additional installment shall become exercisable on each
successive anniversary date during the term of this Option, except the last such
anniversary date. The final installment shall become exercisable [___] ([__])
days prior to the expiration of the term of this Option. The installments shall
be cumulative (i.e., this option may be exercised, as to any or all shares
covered by an installment, at any time or times after an installment becomes
exercisable and until expiration or termination of this
option).

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    6.  Exercise.  This
Option shall be exercised by delivery to the Company of (a) written notice of
exercise stating the number of Shares being purchased (in whole shares only) and
such other information set forth on the form of Notice of Exercise attached
hereto as Appendix
A, (b) a check or cash in the amount of the Exercise Price of the Shares
covered by the notice (or such other consideration as has been approved by the
Board of Directors consistent with the Plan) and (c) a written investment
representation as provided for in Section 13 hereof. This Option shall not be
assignable or transferable, except by will or by the laws of descent and
distribution, and shall be exercisable only by Optionee during his or her
lifetime.

    

    7.  Termination of
Service.  If Optionee's service as a consultant to the Company
terminates for any reason, no further installments shall vest pursuant to
Section 5, and Optionee shall have the right at any time within thirty (30) days
following such termination of services or the remaining term of this Option,
whichever is the lesser, to exercise in whole or in part this Option to the
extent, but only to the extent, that this Option was exercisable as of the date
Optionee ceased to be a consultant to the Company; provided, however, if
Optionee is terminated for reasons that would justify a termination of
employment "for cause,"
as that term is defined by the terms of the Plan or this Option Agreement or by
any employment agreement between the Optionee and the Company, the foregoing
right to exercise shall automatically terminate on the date Optionee ceases to
be a consultant to the Company as to all Shares covered by this Option not
exercised prior to termination. Unless earlier terminated, all rights under this
Option shall terminate in any event on the expiration date of this Option as
defined in Section 4 hereof.

    

    8.  Death of
Optionee.  If the Optionee shall die while serving as a
consultant to the Company, Optionee's personal representative or the person
entitled to Optionee's rights hereunder may at any time within ninety (90) days
after the date of Optionee's death, or during the remaining term of this Option,
whichever is the lesser, exercise this Option and purchase Shares to the extent,
but only to the extent, that Optionee could have exercised this Option as of the
date of Optionee's death; provided, in any case, that this Option may be so
exercised only to the extent that this Option has not previously been exercised
by Optionee.

    

    9.  No Rights as
Shareholder.  Optionee shall have no rights as a shareholder
with respect to the Shares covered by any installment of this Option until the
effective date of the issuance of shares following exercise of this to Option,
and no adjustment will be made for dividends or other rights for which the
record date is prior to the date such stock certificate or certificates are
issued except as provided in Section 10 hereof.

    

    10.  Recapitalization.  Subject
to any required action by the shareholders of the Company, the number of Shares
covered by this Option, and the Exercise Price thereof, shall be proportionately
adjusted for any increase or decrease in the number of issued shares resulting
from a subdivision or consolidation of shares or the payment of a stock
dividend, or any other increase or decrease in the number of such shares
effected without receipt of consideration by the Company; provided however that
the conversion of any convertible securities of the Company shall not be deemed
having been "effected without receipt of consideration by the
Company."

    

    In the event of a proposed dissolution
or liquidation of the Company, a merger or consolidation in which the Company is
not the surviving entity, or a sale of all or substantially all of the assets or
capital stock of the Company (collectively, a "Reorganization"), this Option
shall terminate immediately prior to the consummation of such proposed action,
unless otherwise provided by the Board; provided, however, if Optionee shall be
a consultant at the time such Reorganization is approved by the stockholders,
Optionee shall have the right to exercise this Option as to all or any part of
the Shares, without regard to the installment provisions of Section 5, for a
period beginning 30 days prior to the consummation of such Reorganization and
ending as of the Reorganization or the expiration of this Option, whichever is
earlier, subject to the consummation of the Reorganization. In any event, the
Company shall notify Optionee, at least 30 days prior to the consummation of
such Reorganization, of his exercise rights, if any, and that the Option shall
terminate upon the consummation of the Reorganization.

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    Subject to any required action by the
shareholders of the Company, if the Company shall be the surviving entity in any
merger or consolidation, this Option thereafter shall pertain to and apply to
the securities to which a holder of Shares equal to the Shares subject to this
Option would have been entitled by reason of such merger or consolidation, and
the installment provisions of Section 5 shall continue to apply.

    

    In the event of a change in the shares
of the Company as presently constituted, which is limited to a change of all of
its authorized Stock without par value into the same number of shares of Stock
with a par value, the shares resulting from any such change shall be deemed to
be the Shares within the meaning of this Option.

    

    To the extent that the foregoing
adjustments relate to shares or securities of the Company, such adjustments
shall be made by the Board, whose determination in that respect shall be final,
binding and conclusive. Except as hereinbefore expressly provided, Optionee
shall have no rights by reason of any subdivision or consolidation of shares of
Stock of any class or the payment of any stock dividend or any other increase or
decrease in the number of shares of stock of any class, and the number and price
of Shares subject to this Option shall not be affected by, and no adjustments
shall be made by reason of, any dissolution, liquidation, merger, consolidation
or sale of assets or capital stock, or any issue by the Company of shares of
stock of any class or securities convertible into shares of stock of any
class.

    

    The grant of this Option shall not
affect in any way the right or power of the Company to make adjustments,
reclassifications, reorganizations or changes in its capital or business
structure or to merge, consolidate, dissolve or liquidate or to sell or transfer
all or any part of its business or assets.

    

    11.  Taxation upon Exercise of
Option.  Optionee understands that, upon exercise of this
Option, Optionee will recognize income, for Federal and state income tax
purposes, in an amount equal to the amount by which the fair market value of the
Shares, determined as of the date of exercise, exceeds the Exercise Price. The
acceptance of the Shares by Optionee shall constitute an agreement by Optionee
to report such income in accordance with then applicable law and to cooperate
with Company in establishing the amount of such income and corresponding
deduction to the Company for its income tax purposes. Withholding for federal or
state income and employment tax purposes will be made, if and as required by
law, from Optionee's then current compensation, or, if such current compensation
is insufficient to satisfy withholding tax liability, the Company may require
Optionee to make a cash payment to cover such liability as a condition of the
exercise of this Option.

    

    12.  Modification, Extension and
Renewal of Options.  The Board or Committee, as described in
the Plan, may modify, extend or renew this Option or accept the surrender
thereof (to the extent not theretofore exercised) and authorize the granting of
a new option in substitution therefore (to the extent not theretofore
exercised), subject at all times to the Plan, the Code. Notwithstanding the
foregoing provisions of this Section 12, no modification shall, without the
consent of the Optionee, alter to the Optionee's detriment or impair any rights
of Optionee hereunder.

    

    13.  Investment Intent;
Restrictions on Transfer.

    

    
      	
               
      

            	
              (a)  Optionee
      represents and agrees that if Optionee exercises this Option in whole or
      in part, Optionee will in each case acquire the Shares upon such exercise
      for the purpose of investment and not with a view to, or for resale in
      connection with, any distribution thereof; and that upon such exercise of
      this Option in whole or in part, Optionee (or any person or persons
      entitled to exercise this Option under the provisions of Sections 7 and 8
      hereof) shall furnish to the Company a written statement to such effect,
      satisfactory to the Company in form and substance. If the Shares
      represented by this Option are registered under the Securities Act, either
      before or after the exercise of this Option in whole or in part, the
      Optionee shall be relieved of the foregoing investment representation and
      agreement and shall not be required to furnish the Company with the
      foregoing written statement.

            

    

    
    

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    

      (b)  Optionee further
represents that Optionee has had access to the financial statements or books and
records of the Company, has had the opportunity to ask questions of the Company
concerning its business, operations and financial condition, and to obtain
additional information reasonably necessary to verify the accuracy of such
information.

      

      (c)  Unless and until the
Shares represented by this Option are registered under the Securities Act, all
certificates representing the Shares and any certificates subsequently issued in
substitution therefor and any certificate for any securities issued pursuant to
any stock split, share reclassification, stock dividend or other similar capital
event shall bear legends in substantially the following form:

      

      
        	
                 
      

              	
                THESE
      SECURITIES HAVE NOT BEEN REGISTERED OR OTHERWISE QUALIFIED UNDER THE
      SECURITIES ACT OF 1933 (THE 'SECURITIES ACT') OR UNDER THE APPLICABLE OR
      SECURITIES LAWS OF ANY STATE. NEITHER THESE SECURITIES NOR ANY INTEREST
      THEREIN MAY BE SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF IN THE
      ABSENCE OF REGISTRATION UNDER THE SECURITIES ACT OR ANY APPLICABLE
      SECURITIES LAWS OF ANY STATE, UNLESS PURSUANT TO EXEMPTIONS
      THEREFROM.

              

      

      

      
        	
                 
      

              	
                THE
      SHARES REPRESENTED BY THIS CERTIFICATE HAVE BEEN ISSUED PURSUANT TO THAT
      CERTAIN NONSTATUTORY STOCK OPTION AGREEMENT DATED ___________ BETWEEN THE
      COMPANY AND THE ISSUEE WHICH RESTRICTS THE TRANSFER OF THESE SHARES WHICH
      ARE SUBJECT TO REPURCHASE BY THE COMPANY UNDER CERTAIN
      CONDITIONS.

              

      

      

      and/or
such other legend or legends as the Company and its counsel deem necessary or
appropriate. Appropriate stop transfer instructions with respect to the Shares
have been placed with the Company's transfer agent.

      

      14.  Stand-off
Agreement.  Optionee agrees that, in connection with any
registration of the Company's securities under the Securities Act, and upon the
request of the Company or any underwriter managing an underwritten offering of
the Company's securities, Optionee shall not sell, short any sale of, loan,
grant an option for, or otherwise dispose of any of the Shares (other than
Shares included in the offering) without the prior written consent of the
Company or such managing underwriter, as applicable, for a period of up to one
year following the effective date of registration of such offering.

      

      15.  Restriction Upon
Transfer.  The Shares may not be sold, transferred or otherwise
disposed of and shall not be pledged or otherwise hypothecated by the Optionee
except as hereinafter provided.

      

      (a)  Repurchase Right on
Termination Other Than for Cause.  For the purposes of this
Section, a "Repurchase
Event" shall mean an occurrence of one of (i) termination of Optionee's
service as a consultant, voluntary or involuntary and with or without cause;
(ii) retirement or death of Optionee; (iii) bankruptcy of Optionee, which shall
be deemed to have occurred as of the date on which a voluntary or involuntary
petition in bankruptcy is filed with a court of competent jurisdiction; (iv)
dissolution of the marriage of Optionee, to the extent that any of the Shares
are allocated as the sole and separate property of Optionee's spouse pursuant
thereto (in which case, this Section shall only apply to the Shares so
affected); or (v) any attempted transfer by the Optionee of Shares, or any
interest therein, in violation of this Agreement. Upon the occurrence of a
Repurchase Event, the Company shall have the right (but not an obligation) to
repurchase all or any portion of the Shares of Optionee at a price equal to the
fair value of the Shares as of the date of the Repurchase
Event.

      
        
           

        

        
          4

          
            

          

        

        
           

        

      

      (b)  Repurchase Right on
Termination for Cause.  In the event Optionee's service as a
consultant is terminated by the Company "for cause" (as contemplated by Section
7), then the Company shall have the right (but not an obligation) to repurchase
Shares of Optionee at a price equal to the Exercise Price. Such right of the
Company to repurchase Shares shall apply to 100% of the Shares for one (1) year
from the date of this Agreement; and shall thereafter lapse ratably in equal
annual increments on each anniversary of the date of this Agreement over the
term of this Option specified in Section 4. In addition, the Company shall have
the right, in the sole discretion of the Board and without obligation, to
repurchase upon any such termination of service for cause all or any portion of
the Shares of Optionee, at a price equal to the fair value of the Shares as of
the date of termination, which right is not subject to the foregoing lapsing of
rights. In the event the Company elects to repurchase the Shares, the stock
certificates representing the same shall forthwith be returned to the Company
for cancellation.

      

      (c)  Exercise of Repurchase
Right.  Any repurchase right under Paragraphs 15(a) or 15(b)
shall be exercised by giving notice of exercise as provided herein to Optionee
or the estate of Optionee, as applicable. Such right shall be exercised, and the
repurchase price thereunder shall be paid, by the Company within a ninety (90)
day period beginning on the date of notice to the Company of the occurrence of
such Repurchase Event (except in the case of termination of employment or
retirement, where such option period shall begin upon the occurrence of the
Repurchase Event). Such repurchase price shall be payable only in the form of
cash (including a check drafted on immediately available funds) or cancellation
of purchase money indebtedness of the Optionee for the Shares. If the Company
can not purchase all such Shares because it is unable to meet the financial
tests set forth in the Delaware and/or Delaware corporation law, the Company
shall have the right to purchase as many Shares as it is permitted to purchase
under such sections. Any Shares not purchased by the Company hereunder shall no
longer be subject to the provisions of this Section 15.

      

      (d)  Right of First
Refusal.  In the event Optionee desires to transfer any Shares
during his or her lifetime, Optionee shall first offer to sell such Shares to
the Company. Optionee shall deliver to the Company written notice of the
intended sale, such notice to specify the number of Shares to be sold, the
proposed purchase price and terms of payment, and grant the Company an option
for a period of thirty days following receipt of such notice to purchase the
offered Shares upon the same terms and conditions. To exercise such option, the
Company shall give notice of that fact to Optionee within the thirty (30) day
notice period and agree to pay the purchase price in the manner provided in the
notice. If the Company does not purchase all of the Shares so offered during
foregoing option period, Optionee shall be under no obligation to sell any of
the offered Shares to the Company, but may dispose of such Shares in any lawful
manner during a period of one hundred and eighty (180) days following the end of
such notice period, except that Optionee shall not sell any such Shares to any
other person at a lower price or upon more favorable terms than those offered to
the Company.

      

      (e)  Acceptance of
Restrictions.  Acceptance of the Shares shall constitute the
Optionee's agreement to such restrictions and the legending of his certificates
with respect thereto. Notwithstanding such restrictions, however, so long as the
Optionee is the holder of the Shares, or any portion thereof, he shall be
entitled to receive all dividends declared on and to vote the Shares and to all
other rights of a shareholder with respect thereto.

      

      (f)  Permitted
Transfers.  Notwithstanding any provisions in this Section 15
to the contrary, the Optionee may transfer Shares subject to this Agreement to
his or her parents, spouse, children, or grandchildren, or a trust for the
benefit of the Optionee or any such transferee(s); provided, that such permitted
transferee(s) shall hold the Shares subject to all the provisions of this
Agreement (all references to the Optionee herein shall in such cases refer
mutatis mutandis to the permitted transferee, except in the case of clause (iv)
of Section 15(a) wherein the permitted transfer shall be deemed to be
rescinded); and provided further, that notwithstanding any other provisions in
this Agreement, a permitted transferee may not, in turn, make permitted
transfers without the written consent of the Optionee and the
Company.

      
        
           

        

        
          5

          
            

          

        

        
           

        

      

      

      (g)  Release of Restrictions on
Shares.  All rights and restrictions under this Section 15
shall terminate [__] (___) years following the date of this Agreement, or when
the Company's securities are publicly traded, whichever occurs
earlier.

      

      16.  Notices.  Any
notice required to be given pursuant to this Option or the Plan shall be in
writing and shall be deemed to be delivered upon receipt or, in the case of
notices by the Company, five (5) days after deposit in the U.S. mail, postage
prepaid, addressed to Optionee at the address last provided by Optionee for use
in Company records related to Optionee.

      

      17.  Agreement Subject to Plan;
Applicable Law.  This Option is made pursuant to the Plan and
shall be interpreted to comply therewith. A copy of such Plan is available to
Optionee, at no charge, at the principal office of the Company. Any provision of
this Option inconsistent with the Plan shall be considered void and replaced
with the applicable provision of the Plan. This Option has been granted,
executed and delivered in the State of Delaware, and the interpretation and
enforcement shall be governed by the laws thereof and subject to the exclusive
jurisdiction of the courts therein.

      

      [SIGNATURE
PAGE TO FOLLOW]

      
        
           

        

        
          6

          
            

          

        

        
           

        

      

      

      In Witness
Whereof, the parties hereto have executed this Option as of the date
first above written.

      

      
        
          
            	
                    COMPANY:

                  	
                    BODISEN
      BIOTECH, INC.

                  
	 
      	
                    a
      Delaware corporation

                  
	 
      	 
      
	 
      	
                    By:

                  	
                      

                  
	 
      	 
      	
                    Name:
      Bo Chen

                  
	 
      	 
      	
                    Title:   Chief
      Executive Officer

                  
	 
      	 
      
	
                    OPTIONEE:

                  	 
      
	 
      	
                    By:

                  	
                      

                  
	 
      	 
      	
                    (signature)

                  
	 
      	 
      
	 
      	
                    Name: 

                  	
                      

                  

          

        

      

      

      (one of the following, as appropriate,
shall be signed)

      

      
        
          
            	
                    I
      certify that as of the date hereof I am unmarried

                  	 
      	
                    By
      his or her signature, the spouse of Optionee hereby agrees to be bound by
      the provisions of the foregoing INCENTIVE STOCK OPTION
      AGREEMENT

                  
	 	 	 
	 
      	 
      	 
      
	
                    Optionee

                  	 
      	
                    Spouse
      of Optionee

                  

          

        

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      

      Appendix
A

      

      NOTICE OF
EXERCISE

      

      BODISEN
BIOTECH, INC.

      

      Re:  Nonstatutory Stock
Option

      

      Notice is hereby given pursuant to
Section 6 of my Nonstatutory Stock Option Agreement that I elect to purchase the
number of shares set forth below at the exercise price set forth in my option
agreement:

      

      Nonstatutory Stock Option Agreement
dated: ____________

      

      Number of shares being purchased:
____________

      

      Exercise Price:
$____________

      

      A check in the amount of the aggregate
price of the shares being purchased is attached.

      

      I hereby confirm that such shares are
being acquired by me for my own account for investment purposes, and not with a
view to, or for resale in connection with, any distribution thereof. I will not
sell or dispose of my Shares in violation of the Securities Act of 1933, as
amended, or any applicable federal or state securities laws. Further, I
understand that the exemption from taxable income at the time of exercise is
dependent upon my holding such stock for a period of at least one year from the
date of exercise and two years from the date of grant of the
Option.

      

      I understand that the certificate
representing the Option Shares will bear a restrictive legend within the
contemplation of the Securities Act and as required by such other state or
federal law or regulation applicable to the issuance or delivery of the Option
Shares.

      

      I agree to provide to the Company such
additional documents or information as may be required pursuant to the Company's
2010 Incentive Stock Plan.

      

      
        
          
            
              
                	 
      	
                        By:

                      	 
      
	 
      	 
      	
                        (signature)

                      
	 
      	 
      
	 
      	
                        Name: 

                      	 
      

              

            

          

        

      

      

      Appendix
A

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      

      EXHIBIT
C

      

      
        	
                BODISEN
      BIOTECH, INC.

              
	
                STOCK
      AWARD AGREEMENT

              
	
                  

              

      

      

      This Stock
Award Agreement ("Agreement") is made and
entered into as of the date set forth below, by and between BODISEN BIOTECH,
INC., a Delaware corporation (the "Company"), and the employee,
director or consultant of the Company named in Section 1(b). ("Grantee"):

      

      In consideration of the covenants
herein set forth, the parties hereto agree as follows:

      

      1.  Stock Award
Information.

      

      
        
          
            
              
                
                  
                    	 
      	
                            (a)

                          	
                            Date
      of Award:

                          	
                              

                          
	 
      	 
      	 
      	 
      
	 
      	
                            (b)

                          	
                            Grantee:

                          	
                              

                          
	 
      	 
      	 
      	 
      
	 
      	
                            (c)

                          	
                            Number
      of Shares:

                          	
                              

                          
	 
      	 
      	 
      	 
      
	 
      	
                            (d)

                          	
                            Original
      Value:

                          	
                              

                          

                  

                

              

            

          

        

      

      

      
        	
                 
      

              	
                2.

              	
                Acknowledgements.

              

      

      

      
        	
                 
      

              	
                (a)  Grantee
      is an employee/director/consultant
      of the Company.

              

      

      

      (b)  The Company has adopted
a 2010 Incentive Stock Plan (the "Plan") under which the
Company's common stock ("Stock") may be offered to
directors, officers, employees and consultants pursuant to an exemption from
registration under the Securities Act of 1933, as amended (the "Securities Act") provided by
Section 4(2) thereunder.

      

      3.  Shares;
Value.  The Company hereby grants to Grantee, upon and subject
to the terms and conditions herein stated, the number of shares of Stock set
forth in Section 1(c) (the "Shares"), which Shares have a
fair value per share ("Original
Value") equal to the amount set forth in Section 1(d). For the purpose of
this Agreement, the terms "Share" or "Shares" shall include the
original Shares plus any shares derived therefrom, regardless of the fact that
the number, attributes or par value of such Shares may have been altered by
reason of any recapitalization, subdivision, consolidation, stock dividend or
amendment of the corporate charter of the Company. The number of Shares covered
by this Agreement and the Original Value thereof shall be proportionately
adjusted for any increase or decrease in the number of issued shares resulting
from a recapitalization, subdivision or consolidation of shares or the payment
of a stock dividend, or any other increase or decrease in the number of such
shares effected without receipt of consideration by the Company.

      

      4.  Investment
Intent.  Grantee represents and agrees that Grantee is
accepting the Shares for the purpose of investment and not with a view to, or
for resale in connection with, any distribution thereof; and that, if requested,
Grantee shall furnish to the Company a written statement to such effect,
satisfactory to the Company in form and substance. If the Shares are registered
under the Securities Act, Grantee shall be relieved of the foregoing investment
representation and agreement and shall not be required to furnish the Company
with the foregoing written statement.

      

      5.  Restriction upon
Transfer.  The Shares may not be sold, transferred or otherwise
disposed of and shall not be pledged or otherwise hypothecated by the Grantee
except as hereinafter provided.

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      

      (a)  Repurchase Right on
Termination Other Than for Cause.  For the purposes of this
Section, a "Repurchase
Event" shall mean an occurrence of one of (i) termination of Grantee's
employment or service as a
director/consultant by the Company, voluntary or involuntary and with or
without cause; (ii) retirement or death of Grantee; (iii) bankruptcy of Grantee,
which shall be deemed to have occurred as of the date on which a voluntary or
involuntary petition in bankruptcy is filed with a court of competent
jurisdiction; (iv) dissolution of the marriage of Grantee, to the extent that
any of the Shares are allocated as the sole and separate property of Grantee's
spouse pursuant thereto (in which case, this Section shall only apply to the
Shares so affected); or (v) any attempted transfer by the Grantee of Shares, or
any interest therein, in violation of this Agreement. Upon the occurrence of a
Repurchase Event, the Company shall have the right (but not an obligation) to
purchase all or any portion of the Shares of Grantee, at a price equal to the
fair value of the Shares as of the date of the Repurchase Event.

      

      (b)  Repurchase Right on
Termination for Cause. In the event Grantee's employment or service as a
director/consultant is terminated by the Company "for cause" (as defined
below), then the Company shall have the right (but not an obligation) to
purchase Shares of Grantee at a price equal to the Original Value. Such right of
the Company to purchase Shares shall apply to 100% of the Shares for one (1)
year from the date of this Agreement; and shall thereafter lapse at the rate of
twenty percent (20%) of the Shares on each anniversary of the date of this
Agreement. In addition, the Company shall have the right, in the sole discretion
of the Board and without obligation, to repurchase upon termination for cause
all or any portion of the Shares of Grantee, at a price equal to the fair value
of the Shares as of the date of termination, which right is not subject to the
foregoing lapsing of rights. Termination of employment or service as a
director/consultant "for cause" means (i) as to
employees or consultants, termination for cause as defined in the Plan, this
Agreement or in any employment or consulting agreement
between the Company and Grantee, or (ii) as to directors, removal pursuant to
the Delaware corporation law. In the event the Company elects to purchase the
Shares, the stock certificates representing the same shall forthwith be returned
to the Company for cancellation.

      

      (c)  Exercise of Repurchase
Right.  Any Repurchase Right under Paragraphs 4(a) or 4(b)
shall be exercised by giving notice of exercise as provided herein to Grantee or
the estate of Grantee, as applicable. Such right shall be exercised, and the
repurchase price thereunder shall be paid, by the Company within a ninety (90)
day period beginning on the date of notice to the Company of the occurrence of
such Repurchase Event (except in the case of termination or cessation of
services as director, where such option period shall begin upon the occurrence
of the Repurchase Event). Such repurchase price shall be payable only in the
form of cash (including a check drafted on immediately available funds) or
cancellation of purchase money indebtedness of the Grantee for the Shares. If
the Company can not purchase all such Shares because it is unable to meet the
financial tests set forth in the Delaware corporation law, the Company shall
have the right to purchase as many Shares as it is permitted to purchase under
such sections. Any Shares not purchased by the Company hereunder shall no longer
be subject to the provisions of this Section 5.

      

      (d)  Right of First
Refusal.  In the event Grantee desires to transfer any Shares
during his or her lifetime, Grantee shall first offer to sell such Shares to the
Company. Grantee shall deliver to the Company written notice of the intended
sale, such notice to specify the number of Shares to be sold, the proposed
purchase price and terms of payment, and grant the Company an option for a
period of thirty days following receipt of such notice to purchase the offered
Shares upon the same terms and conditions. To exercise such option, the Company
shall give notice of that fact to Grantee within the thirty (30) day notice
period and agree to pay the purchase price in the manner provided in the notice.
If the Company does not purchase all of the Shares so offered during foregoing
option period, Grantee shall be under no obligation to sell any of the offered
Shares to the Company, but may dispose of such Shares in any lawful manner
during a period of one hundred and eighty (180) days following the end of such
notice period, except that Grantee shall not sell any such Shares to any other
person at a lower price or upon more favorable terms than those offered to the
Company.

      

      (e)  Acceptance of
Restrictions.  Acceptance of the Shares shall constitute the
Grantee's agreement to such restrictions and the legending of his certificates
with respect thereto. Notwithstanding such restrictions, however, so long as the
Grantee is the holder of the Shares, or any portion thereof, he shall be
entitled to receive all dividends declared on and to vote the Shares and to all
other rights of a shareholder with respect thereto.

      
        
           

        

        
          - 2
-

          
            

          

        

        
           

        

      

      

      (f)  Permitted
Transfers.  Notwithstanding any provisions in this Section 5 to
the contrary, the Grantee may transfer Shares subject to this Agreement to his
or her parents, spouse, children, or grandchildren, or a trust for the benefit
of the Grantee or any such transferee(s); provided, that such permitted
transferee(s) shall hold the Shares subject to all the provisions of this
Agreement (all references to the Grantee herein shall in such cases refer
mutatis mutandis to the permitted transferee, except in the case of clause (iv)
of Section 5(a) wherein the permitted transfer shall be deemed to be rescinded);
and provided further, that notwithstanding any other provisions in this
Agreement, a permitted transferee may not, in turn, make permitted transfers
without the written consent of the Grantee and the Company.

      

      (g) Release of Restrictions on Shares.
All other restrictions under this Section 5 shall terminate [__] (___) years
following the date of this Agreement, or when the Company's securities are
publicly traded, whichever occurs earlier.

      

      6.  Representations and
Warranties of the Grantee.  This Agreement and the issuance and
grant of the Shares hereunder is made by the Company in reliance upon the
express representations and warranties of the Grantee, which by acceptance
hereof the Grantee confirms that:

      

      (a)  The Shares granted to
him pursuant to this Agreement are being acquired by him for his own account,
for investment purposes, and not with a view to, or for sale in connection with,
any distribution of the Shares. It is understood that the Shares have not been
registered under the Act by reason of a specific exemption from the registration
provisions of the Act which depends, among other things, upon the bona fide
nature of his representations as expressed herein;

      

      (b)  The Shares must be held
by him indefinitely unless they are subsequently registered under the Act and
any applicable state securities laws, or an exemption from such registration is
available. The Company is under no obligation to register the Shares or to make
available any such exemption; and

      

      (c)  Grantee further
represents that Grantee has had access to the financial statements or books and
records of the Company, has had the opportunity to ask questions of the Company
concerning its business, operations and financial condition and to obtain
additional information reasonably necessary to verify the accuracy of such
information,

      

      (d)  Unless and until the
Shares represented by this Grant are registered under the Securities Act, all
certificates representing the Shares and any certificates subsequently issued in
substitution therefor and any certificate for any securities issued pursuant to
any stock split, share reclassification, stock dividend or other similar capital
event shall bear legends in substantially the following form:

      

      
        	
                 
      

              	
                THESE
      SECURITIES HAVE NOT BEEN REGISTERED OR OTHERWISE QUALIFIED UNDER THE
      SECURITIES ACT OF 1933 (THE 'SECURITIES ACT') OR UNDER THE APPLICABLE OR
      SECURITIES LAWS OF ANY STATE. NEITHER THESE SECURITIES NOR ANY INTEREST
      THEREIN MAY BE SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF IN THE
      ABSENCE OF REGISTRATION UNDER THE SECURITIES ACT OR ANY APPLICABLE
      SECURITIES LAWS OF ANY STATE, UNLESS PURSUANT TO EXEMPTIONS
      THEREFROM.

              

      

      

      
        	
                 
      

              	
                THE
      SHARES REPRESENTED BY THIS CERTIFICATE HAVE BEEN ISSUED PURSUANT TO THAT
      CERTAIN STOCK AWARD AGREEMENT DATED ____________ BETWEEN THE COMPANY AND
      THE ISSUEE WHICH RESTRICTS THE TRANSFER OF THESE SHARES WHICH ARE SUBJECT
      TO REPURCHASE BY THE COMPANY UNDER CERTAIN
  CONDITIONS.

              

      

      

      
        	
                 
      

              	
                and/or
      such other legend or legends as the Company and its counsel deem necessary
      or appropriate. Appropriate stop transfer instructions with respect to the
      Shares have been placed with the Company's transfer
  agent.

              

      

      
        
           

        

        
          - 3
-

          
            

          

        

        
           

        

      

      

      (e)  Grantee understands that
he or she will recognize income, for Federal and state income tax purposes, in
an amount equal to the amount by which the fair market value of the Shares, as
of the date of grant, exceeds the price paid by Grantee, if any. The acceptance
of the Shares by Grantee shall constitute an agreement by Grantee to report such
income in accordance with then applicable law. Withholding for federal or state
income and employment tax purposes will be made, if and as required by law, from
Grantee's then current compensation, or, if such current compensation is
insufficient to satisfy withholding tax liability, the Company may require
Grantee to make a cash payment to cover such liability.

      

      7.  Stand-off
Agreement.  Grantee agrees that, in connection with any
registration of the Company's securities under the Securities Act, and upon the
request of the Company or any underwriter managing an underwritten offering of
the Company's securities, Grantee shall not sell, short any sale of, loan, grant
an option for, or otherwise dispose of any of the Shares (other than Shares
included in the offering) without the prior written consent of the Company or
such managing underwriter, as applicable, for a period of at least one year
following the effective date of registration of such offering. This Section 8
shall survive any termination of this Agreement.

      

      8.  Termination of
Agreement.  This Agreement shall terminate on the occurrence of
any one of the following events: (a) written agreement of all parties to that
effect; (b) a proposed dissolution or liquidation of the Company, a merger or
consolidation in which the Company is not the surviving entity, or a sale of all
or substantially all of the assets of the Company; (c) the closing of any public
offering of common stock of the Company pursuant to an effective registration
statement under the Securities Act; or (d) dissolution, bankruptcy, or
insolvency of the Company.

      

      9.  Agreement Subject to Plan;
Applicable Law.  This Grant is made pursuant to the Plan and
shall be interpreted to comply therewith. A copy of such Plan is available to
Grantee, at no charge, at the principal office of the Company. Any provision of
this Agreement inconsistent with the Plan shall be considered void and replaced
with the applicable provision of the Plan. This Grant shall be governed by the
laws of the State of Delaware and subject to the exclusive jurisdiction of the
courts therein.

      

      10.  Miscellaneous.

      

      (a)  Notices.  Any
notice required to be given pursuant to this Agreement or the Plan shall be in
writing and shall be deemed to have been duly delivered upon receipt or, in the
case of notices by the Company, five (5) days after deposit in the U.S. mail,
postage prepaid, addressed to Grantee at the last address provided by Grantee
for use in the Company's records.

      

      (b)  Entire
Agreement.  This instrument constitutes the sole agreement of
the parties hereto with respect to the Shares. Any prior agreements, promises or
representations concerning the Shares not included or reference herein shall be
of no force or effect. This Agreement shall be binding on, and shall inure to
the benefit of, the Parties hereto and their respective transferees, heirs,
legal representatives, successors, and assigns.

      

      (c)  Enforcement.  This
Agreement shall be construed in accordance with, and governed by, the laws of
the State of Delaware and subject to the exclusive jurisdiction of the courts
located in Dover, State of Delaware. If Grantee attempts to transfer any of the
Shares subject to this Agreement, or any interest in them in violation of the
terms of this Agreement, the Company may apply to any court for an injunctive
order prohibiting such proposed transaction, and the Company may institute and
maintain proceedings against Grantee to compel specific performance of this
Agreement without the necessity of proving the existence or extent of any
damages to the Company. Any such attempted transaction shares in violation of
this Agreement shall be null and void.

      

      (d)  Validity of
Agreement.  The provisions of this Agreement may be waived,
altered, amended, or repealed, in whole or in part, only on the written consent
of all parties hereto. It is intended that each Section of this Agreement shall
be viewed as separate and divisible, and in the event that any Section shall be
held to be invalid, the remaining Sections shall continue to be in full force
and effect.

      

      [SIGNATURE
PAGE TO FOLLOW]

      
        
           

        

        
          - 4
-

          
            

          

        

        
           

        

      

      

      In Witness
Whereof, the parties have executed this Agreement as of the date first
above written.

      

      
        
          	
                  COMPANY:

                	
                  BODISEN
      BIOTECH, INC.

                
	 
      	
                  a
      Delaware corporation

                
	 
      	 
      
	 
      	
                  By:

                	
                    

                
	 
      	 
      	
                  Name:
      Bo Chen

                
	 
      	 
      	
                  Title:   Chief
      Executive Officer

                
	 
      	 
      
	
                  
                    GRANTEE:

                  

                	 
      
	 
      	
                  By:

                	
                    

                
	 
      	 
      	
                  (signature)

                
	 
      	 
      
	 
      	
                  Name: 

                	
                    

                

        

      

      

      (one of the following, as appropriate,
shall be signed)

      

      
        
          
            	
                    I
      certify that as of the date hereof I am unmarried

                  	 
      	
                    By
      his or her signature, the spouse of Grantee hereby agrees to be bound by
      the provisions of the foregoing STOCK AWARD AGREEMENT

                  
	 	 	 
	 
      	 
      	 
      
	
                    Grantee

                  	 
      	
                    Spouse
      of Grantee

                  

          

        

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      

      EXHIBIT
D

      
        	 
      
	
                BODISEN
      BIOTECH, INC.

              
	
                RESTRICTED
      STOCK PURCHASE AGREEMENT

              
	
                  

              

      

      

      This
Restricted Stock Purchase Agreement ("Agreement") is made and
entered into as of the date set forth below, by and between BODISEN BIOTECH,
INC., a Delaware corporation (the "Company"), and the employee,
director or consultant of the Company named in Section 1(b). ("Grantee"):

      

      In consideration of the covenants
herein set forth, the parties hereto agree as follows:

      

      1.  Stock Purchase
Information.

      

      
        
          
            	 
      	
                    (a)

                  	
                    Date
      of Agreement:

                  	
                      

                  
	 
      	 
      	 
      	 
      
	 
      	
                    (b)

                  	
                    Grantee:

                  	
                      

                  
	 
      	 
      	 
      	 
      
	 
      	
                    (c)

                  	
                    Number
      of Shares:

                  	
                      

                  
	 
      	 
      	 
      	 
      
	 
      	
                    (d)

                  	
                    Purchase
      Price:

                  	
                      

                  

          

        

      

      

      2.  Acknowledgements.

      

      (a)  Grantee is an employee/director/consultant
of the Company.

      

      (b)  The Company has adopted
a 2010 Incentive Stock Plan (the "Plan") under which the
Company's common stock ("Stock") may be offered to
officers, employees, directors and consultants pursuant to an exemption from
registration under the Securities Act of 1933, as amended (the "Securities Act") provided by
Section 4(2) thereunder.

      

      (c)  The Grantee desires to
purchase shares of the Company's common stock on the terms and conditions set
forth herein.

      

      3.  Purchase of Shares.
The Company hereby agrees to sell and Grantee hereby agrees to purchase, upon
and subject to the terms and conditions herein stated, the number of shares of
Stock set forth in Section 1(c) (the "Shares"), at the price per
Share set forth in Section 1(d) (the "Price"). For the purpose of
this Agreement, the terms "Share" or "Shares" shall include the
original Shares plus any shares derived therefrom, regardless of the fact that
the number, attributes or par value of such Shares may have been altered by
reason of any recapitalization, subdivision, consolidation, stock dividend or
amendment of the corporate charter of the Company.  The number of
Shares covered by this Agreement shall be proportionately adjusted for any
increase or decrease in the number of issued shares resulting from a
recapitalization, subdivision or consolidation of shares or the payment of a
stock dividend, or any other increase or decrease in the number of such shares
effected without receipt of consideration by the Company.

      

      4.  Investment Intent.
Grantee represents and agrees that Grantee is accepting the Shares for the
purpose of investment and not with a view to, or for resale in connection with,
any distribution thereof; and that, if requested, Grantee shall furnish to the
Company a written statement to such effect, satisfactory to the Company in form
and substance. If the Shares are registered under the Securities Act, Grantee
shall be relieved of the foregoing investment representation and agreement and
shall not be required to furnish the Company with the foregoing written
statement.

      

      5.  Restriction upon
Transfer.  The Shares may not be sold, transferred or otherwise
disposed of and shall not be pledged or otherwise hypothecated by the Grantee
except as hereinafter provided.

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      

      (a)  Repurchase Right on
Termination Other Than for Cause. For the purposes of this Section, a "Repurchase Event" shall mean
an occurrence of one of (i) termination of Grantee's employment or service as a
director/consultant by the Company, voluntary or involuntary and with or
without cause; (ii) retirement or death of Grantee; (iii) bankruptcy of Grantee,
which shall be deemed to have occurred as of the date on which a voluntary or
involuntary petition in bankruptcy is filed with a court of competent
jurisdiction; (iv) dissolution of the marriage of Grantee, to the extent that
any of the Shares are allocated as the sole and separate property of Grantee's
spouse pursuant thereto (in which case, this Section shall only apply to the
Shares so affected); or (v) any attempted transfer by the Grantee of Shares, or
any interest therein, in violation of this Agreement. Upon the occurrence of a
Repurchase Event, the Company shall have the right (but not an obligation) to
repurchase all or any portion of the Shares of Grantee at a price equal to the
fair value of the Shares as of the date of the Repurchase Event.

      

      (b) Repurchase Right on Termination for
Cause. In the event Grantee's employment or service as a
director/consultant is terminated by the Company "for cause" (as defined
below), then the Company shall have the right (but not an obligation) to
repurchase Shares of Grantee at a price equal to the Price. Such right of the
Company to repurchase Shares shall apply to 100% of the Shares for one (1) year
from the date of this Agreement; and shall thereafter lapse at the rate of
twenty percent (20%) of the Shares on each anniversary of the date of this
Agreement. In addition, the Company shall have the right, in the sole discretion
of the Board and without obligation, to repurchase upon termination for cause
all or any portion of the Shares of Grantee, at a price equal to the fair value
of the Shares as of the date of termination, which right is not subject to the
foregoing lapsing of rights. Termination of employment or service as a
director/consultant "for cause" means (i) as to
employees and consultants, termination for cause as defined in the Plan, this
Agreement or in any employment or consulting agreement
between the Company and Grantee, or (ii) as to directors, removal pursuant to
the Delaware corporation law.  In the event the Company elects to
repurchase the Shares, the stock certificates representing the same shall
forthwith be returned to the Company for cancellation.

      

      (c) Exercise of Repurchase
Right.  Any Repurchase Right under Paragraphs 4(a) or 4(b)
shall be exercised by giving notice of exercise as provided herein to Grantee or
the estate of Grantee, as applicable. Such right shall be exercised, and the
repurchase price thereunder shall be paid, by the Company within a ninety (90)
day period beginning on the date of notice to the Company of the occurrence of
such Repurchase Event (except in the case of termination of employment or
retirement, where such option period shall begin upon the occurrence of the
Repurchase Event). Such repurchase price shall be payable only in the form of
cash (including a check drafted on immediately available funds) or cancellation
of purchase money indebtedness of the Grantee for the Shares. If the Company can
not purchase all such Shares because it is unable to meet the financial tests
set forth in the Delaware corporation law, the Company shall have the right to
purchase as many Shares as it is permitted to purchase under such sections. Any
Shares not purchased by the Company hereunder shall no longer be subject to the
provisions of this Section 5.

      

      (d)  Right of First
Refusal. In the event Grantee desires to transfer any Shares during his
or her lifetime, Grantee shall first offer to sell such Shares to the Company.
Grantee shall deliver to the Company written notice of the intended sale, such
notice to specify the number of Shares to be sold, the proposed purchase price
and terms of payment, and grant the Company an option for a period of thirty
days following receipt of such notice to purchase the offered Shares upon the
same terms and conditions. To exercise such option, the Company shall give
notice of that fact to Grantee within the thirty (30) day notice period and
agree to pay the purchase price in the manner provided in the notice. If the
Company does not purchase all of the Shares so offered during foregoing option
period, Grantee shall be under no obligation to sell any of the offered Shares
to the Company, but may dispose of such Shares in any lawful manner during a
period of one hundred and eighty (180) days following the end of such notice
period, except that Grantee shall not sell any such Shares to any other person
at a lower price or upon more favorable terms than those offered to the
Company.

      

      (e)  Acceptance of
Restrictions. Acceptance of the Shares shall constitute the Grantee's
agreement to such restrictions and the legending of his certificates with
respect thereto. Notwithstanding such restrictions, however, so long as the
Grantee is the holder of the Shares, or any portion thereof, he shall be
entitled to receive all dividends declared on and to vote the Shares and to all
other rights of a shareholder with respect thereto.

      
        
           

        

        
          - 2
-

          
            

          

        

        
           

        

      

      

      (f)  Permitted Transfers.
Notwithstanding any provisions in this Section 5 to the contrary, the Grantee
may transfer Shares subject to this Agreement to his or her parents, spouse,
children, or grandchildren, or a trust for the benefit of the Grantee or any
such transferee(s); provided, that such permitted transferee(s) shall hold the
Shares subject to all the provisions of this Agreement (all references to the
Grantee herein shall in such cases refer mutatis mutandis to the permitted
transferee, except in the case of clause (iv) of Section 5(a) wherein the
permitted transfer shall be deemed to be rescinded); and provided further, that
notwithstanding any other provisions in this Agreement, a permitted transferee
may not, in turn, make permitted transfers without the written consent of the
Grantee and the Company.

       

      5.  Representations and
Warranties of the Grantee. This Agreement and the issuance and grant of
the Shares hereunder is made by the Company in reliance upon the express
representations and warranties of the Grantee, which by acceptance hereof the
Grantee confirms that:

      

      (a)  The Shares granted to
him pursuant to this Agreement are being acquired by him for his own account,
for investment purposes, and not with a view to, or for sale in connection with,
any distribution of the Shares. It is understood that the Shares have not been
registered under the Act by reason of a specific exemption from the registration
provisions of the Act which depends, among other things, upon the bona fide
nature of his representations as expressed herein;

      

      (b)  The Shares must be held
by him indefinitely unless they are subsequently registered under the Act and
any applicable state securities laws, or an exemption from such registration is
available. The Company is under no obligation to register the Shares or to make
available any such exemption; and

      

      (c)  Grantee further
represents that Grantee has had access to the financial statements or books and
records of the Company, has had the opportunity to ask questions of the Company
concerning its business, operations and financial condition and to obtain
additional information reasonably necessary to verify the accuracy of such
information;

      

      (d)  Unless and until the
Shares represented by this Grant are registered under the Securities Act, all
certificates representing the Shares and any certificates subsequently issued in
substitution therefor and any certificate for any securities issued pursuant to
any stock split, share reclassification, stock dividend or other similar capital
event shall bear legends in substantially the following form:

      

      
        	
                 
      

              	
                THESE
      SECURITIES HAVE NOT BEEN REGISTERED OR OTHERWISE QUALIFIED UNDER THE
      SECURITIES ACT OF 1933 (THE 'SECURITIES ACT') OR UNDER THE APPLICABLE OR
      SECURITIES LAWS OF ANY STATE. NEITHER THESE SECURITIES NOR ANY INTEREST
      THEREIN MAY BE SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF IN THE
      ABSENCE OF REGISTRATION UNDER THE SECURITIES ACT OR ANY APPLICABLE
      SECURITIES LAWS OF ANY STATE, UNLESS PURSUANT TO EXEMPTIONS
      THEREFROM.

              

      

      

      
        	
                 
      

              	
                THE
      SHARES REPRESENTED BY THIS CERTIFICATE HAVE BEEN ISSUED PURSUANT TO THAT
      CERTAIN RESTRICTED STOCK PURCHASE AGREEMENT DATED ____________ BETWEEN THE
      COMPANY AND THE ISSUEE WHICH RESTRICTS THE TRANSFER OF THESE SHARES WHICH
      ARE SUBJECT TO REPURCHASE BY THE COMPANY UNDER CERTAIN
      CONDITIONS.

              

      

      
        
           

        

        
          - 3
-

          
            

          

        

        
           

        

      

      

      
        	
                 
      

              	
                and/or
      such other legend or legends as the Company and its counsel deem necessary
      or appropriate. Appropriate stop transfer instructions with respect to the
      Shares have been placed with the Company's transfer
  agent.

              

      

      

      (e)  Grantee understands that
he or she will recognize income, for Federal and state income tax purposes, in
an amount equal to the amount by which the fair market value of the Shares, as
of the date of Grant, exceeds the price paid by Grantee. The acceptance of the
Shares by Grantee shall constitute an agreement by Grantee to report such income
in accordance with then applicable law. Withholding for federal or state income
and employment tax purposes will be made, if and as required by law, from
Grantee's then current compensation, or, if such current compensation is
insufficient to satisfy withholding tax liability, the Company may require
Grantee to make a cash payment to cover such liability.

      

      7.  Stand-off Agreement.
Grantee agrees that, in connection with any registration of the Company's
securities under the Securities Act, and upon the request of the Company or any
underwriter managing an underwritten offering of the Company's securities,
Grantee shall not sell, short any sale of, loan, grant an option for, or
otherwise dispose of any of the Shares (other than Shares included in the
offering) without the prior written consent of the Company or such managing
underwriter, as applicable, for a period of at least one year following the
effective date of registration of such offering. This Section 8 shall survive
any termination of this Agreement.

      

      8.  Termination of
Agreement. This Agreement shall terminate on the occurrence of any one of
the following events: (a) written agreement of all parties to that effect; (b) a
proposed dissolution or liquidation of the Company, a merger or consolidation in
which the Company is not the surviving entity, or a sale of all or substantially
all of the assets of the Company; (c) the closing of any public offering of
common stock of the Company pursuant to an effective registration statement
under the Act; or (d) dissolution, bankruptcy, or insolvency of the
Company.

      

      9.  Agreement Subject to Plan;
Applicable Law. This Grant is made pursuant to the Plan and shall be
interpreted to comply therewith. A copy of such Plan is available to Grantee, at
no charge, at the principal office of the Company. Any provision of this
Agreement inconsistent with the Plan shall be considered void and replaced with
the applicable provision of the Plan.  This Grant shall be governed by
the laws of the State of Delaware and subject to the exclusive jurisdiction of
the courts therein.

      

      10.  Miscellaneous.

      

      (a)  Notices.  Any
notice required to be given pursuant to this Agreement or the Plan shall be in
writing and shall be deemed to have been duly delivered upon receipt or, in the
case of notices by the Company, five (5) days after deposit in the U.S. mail,
postage prepaid, addressed to Grantee at the last address provided by Grantee
for use in the Company's records.

      

      (b)  Entire
Agreement.  This instrument constitutes the sole agreement of
the parties hereto with respect to the Shares. Any prior agreements, promises or
representations concerning the Shares not included or reference herein shall be
of no force or effect. This Agreement shall be binding on, and shall inure to
the benefit of, the Parties hereto and their respective transferees, heirs,
legal representatives, successors, and assigns.

      

      (c)  Enforcement.  This
Agreement shall be construed in accordance with, and governed by, the laws of
the State of Delaware and subject to the exclusive jurisdiction of the courts
located in Dover, State of Delaware. If Grantee attempts to transfer any of the
Shares subject to this Agreement, or any interest in them in violation of the
terms of this Agreement, the Company may apply to any court for an injunctive
order prohibiting such proposed transaction, and the Company may institute and
maintain proceedings against Grantee to compel specific performance of this
Agreement without the necessity of proving the existence or extent of any
damages to the Company. Any such attempted transaction shares in violation of
this Agreement shall be null and void.

      
        
           

        

        
          - 4
-

          
            

          

        

        
           

        

      

      

      (d)  Validity of
Agreement. The provisions of this Agreement may be waived, altered,
amended, or repealed, in whole or in part, only on the written consent of all
parties hereto. It is intended that each Section of this Agreement shall be
viewed as separate and divisible, and in the event that any Section shall be
held to be invalid, the remaining Sections shall continue to be in full force
and effect.

      

      [SIGNATURE
PAGE TO FOLLOW]

      
        
           

        

        
          - 5
-

          
            

          

        

        
           

        

      

      

      In Witness
Whereof,  the parties have executed this Agreement as of the
date first above written.

      

      
        
          	
                  COMPANY:

                	
                  BODISEN
      BIOTECH, INC.

                
	 
      	
                  a
      Delaware corporation

                
	 
      	 
      
	 
      	
                  By:

                	
                    

                
	 
      	 
      	
                  Name:
      Bo Chen

                
	 
      	 
      	
                  Title:   Chief
      Executive Officer

                
	 
      	 
      
	
                  
                    GRANTEE:

                  

                	 
      
	 
      	
                  By:

                	
                    

                
	 
      	 
      	
                  (signature)

                
	 
      	 
      
	 
      	
                  Name:

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