Document:

Form of Independent Director Non-Qualified Stock Option Award Agreement (Current
      Directors)

    Exhibit
      10.3

     

    GUARDIAN
      TECHNOLOGIES INTERNATIONAL, INC.

    

    FORM
      OF

    

    INDEPENDENT
      DIRECTOR 

    NON-QUALIFIED
      STOCK OPTION AWARD AGREEMENT

    (CURRENT
      DIRECTORS)

    AMENDED
      AND RESTATED 2003 STOCK INCENTIVE PLAN

    

    

    THIS
      INDEPENDENT DIRECTOR NON-QUALIFIED STOCK OPTION AWARD
      AGREEMENT
      ("Award
      Agreement") is dated as of this ____ day of ____________, 2005, by and between
      Guardian Technologies International, Inc., a Delaware corporation (the
“Company”), and ______________________________ (the “Participant”).

    

    1. Grant
      of Award.
      The
      Company hereby grants to the Participant on the date indicated above (the “Grant
      Date”) a non-qualified stock option (the “Option”) to purchase up to Ten
      Thousand (10,000) shares (the “Option Shares”) of the Company’s common stock,
      $.001 par value per share (the “Common Stock”), pursuant to the Company’s 2003
      Amended and Restated Stock Incentive Plan (the “Plan”). The specific terms and
      conditions of the Option granted pursuant to this Agreement are set forth in
      the
      Plan, a copy of which is attached to this Agreement, the receipt of all of
      which
      the Participant hereby acknowledges. This Option is intended to be a
      non-qualified stock option that does not receive special tax treatment under
      Section 422 of the Internal Revenue Code of 1986, as amended and regulations
      issued thereunder.

    

    2. Option
      Price Per Share.
      The
      exercise price of the Option shall be $___________ per Option Share.
NOTICE:
      THE
      EXERCISE PRICE REFLECT 100% OF THE FAIR MARKET VALUE OF THE STOCK. THE
      PARTICIPANT IS SOLELY RESPONSIBLE FOR SATISFYING ALL TAX OBLIGATIONS CREATED
      BY
      THE GRANT OF THIS OPTION, THE EXERCISE OF THE OPTION, AND THE SUBSEQUENT
      DISPOSITION OF THE OPTION SHARES.

    

    3. Vesting;
      Term of the Option.
      The
      Participant shall vest in and have the right to exercise the Option with respect
      to the Option Shares in accordance with the vesting schedule attached hereto
      as
Exhibit
      A
      and
      incorporated herein by reference thereto.

    

    The
      Option (to the extent not earlier exercised) will expire in its entirety at
      11:59 p.m. on the tenth annual anniversary of the Grant Date (the “Option
      Termination Date”), unless sooner terminated pursuant to the provisions of the
      Plan, including, but not limited to, Section 6.4 of the Plan. 

    

    4. Exercise
      of Option.
      Upon
      the grant of an Option and subject to vesting and other terms and conditions
      hereof, the Participant may exercise the Option on one or more occasions by
      delivering to the Treasurer of the Company (i) a written notice (as attached
      hereto as Exhibit
      B)
      that
      sets forth the number of Option Shares that the Participant desires to purchase,
      and (ii) an amount equal to the full payment of the exercise price for those
      shares in cash (including check, bank draft or money order). The exercise of
      the
      Option in whole or in part is conditioned upon the acceptance by the Participant
      of the terms of this Agreement. If Participant's Board service with the Company
      terminates or ceases for any reason or upon the death or Disability of
      Participant, the Option shall expire on the date of such termination or
      cessation of service or sixty (60) days after the occurrence of such death
      or
      Disability; provided that the Board in its sole discretion, by written notice
      given to Participant, may permit Participant to exercise the Option during
      a
      period ending on the earlier of 90 days after such termination of employment
      and
      the date the Option expires in accordance with its terms. 

    

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    5. Restrictions
      Upon Resale.
      The
      Option may not be exercised if the issuance of Option Shares upon such exercise
      would constitute a violation of applicable Federal or state securities laws
      or
      other law or valid regulation. If the Option Shares to be issued upon exercise
      of the Option are not registered under the Securities Act of 1933, as amended
      (the "Securities Act"), the Participant, as a condition to his exercise of
      the
      Option, shall represent to the Company that the Option Shares or other
      securities which he acquires upon exercise of the Option are being acquired
      by
      him for his own account as an investment and not with a present view to
      distribution or resale (unless counsel for the Company is then of the opinion
      that such representation is not required under the Securities Act or applicable
      law, regulation or rule of any governmental agency) and the certificates
      representing such Option Shares shall bear a legend to such effect. Participant
      agrees as a condition precedent to exercise of any portion of the Option, that
      he shall furnish whatever documentation may be reasonably requested by the
      Company to ensure compliance with applicable law and the terms and conditions
      of
      this Award Agreement and the Plan. The Participant understands and acknowledges
      that the Company shall have no obligation to register the Option Shares issuable
      hereunder under the Securities Act and applicable state securities
      laws.

    

    6. Lock-up.
      The
      Participant agrees that, in connection with any underwritten public offering
      of
      equity securities pursuant to a registration statement filed under the
      Securities Act, not to sell, make any short sale of, loan, hypothecate, pledge,
      grant any option for the purchase of or otherwise dispose of any shares of
      Common Stock or other securities purchased hereunder without the prior written
      consent of the Company or its underwriters, for such period of time from the
      effective date of such registration statement as may be requested by the Company
      or its underwriters.

    

    7. No
      Rights as Shareholder Until Option Exercised.
      Neither
      the Participant nor Participant’s heirs, legal representative or guardians shall
      be, or shall have any of the rights and privileges of, a shareholder of the
      Company with respect to any Option Shares, in whole or in part, before the
      date
      that the Participant exercises the Option and the certificates for the shares
      are mailed to the Participant.

    

    8. Transferability
      of Option.
      Pursuant to Section 6.7 of the Plan, the Option shall not be assignable or
      transferable by the Participant including by will or by the laws of descent
      and
      distribution. During the life of the Participant, the Option shall be
      exercisable only by the Participant or by such Participant’s guardian or legal
      representative.

     

    9. Service
      Not Affected.
      Nothing
      in the Plan or this Award Agreement shall confer upon the Participant the right
      to continue as a director of the Company or affect any right which the Company
      may have to terminate the Participant. Notwithstanding any provision to the
      contrary in this Agreement, upon the termination of the Participant’s service
      with the Company, Section 6.4 of the Plan shall govern the Participant’s rights
      in the Option Shares.

    

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    10. Notice.
      Any
      notice that must be given to the Company pursuant to this Award Agreement shall
      be addressed to the Company's Board of Directors, at the Company's principal
      place of business. Any notice to the Participant shall be addressed to the
      Participant at the current address shown on the records of the Company. Any
      notice shall be deemed to be duly given if and when properly addressed and
      posted by registered or certified mail, postage prepaid.

    

    11. Incorporation
      of Plan by Reference.
      The
      Option is granted pursuant to the terms of the Plan, the terms of which are
      incorporated herein by reference, and the Option shall in all respects be
      interpreted in accordance with the Plan. The Committee shall interpret and
      construe the Plan and this document, and its interpretations and determinations
      shall be conclusive and binding on the Participant and the Company and any
      other
      person claiming an interest in the Option, with respect to any issue concerning
      the Option. The Participant hereby acknowledges receipt of the enclosed copy
      of
      the Plan and agrees to be bound by all the terms and conditions thereof as
      the
      same may from time to time be amended, and by all determinations of the
      Committee thereunder.

    

    12. Changes
      in Capital Structure.
      In the
      event of changes in capital stock structure of the Company, appropriate
      adjustments in the number of shares for which the Option shall be exercisable,
      or the exercise price, or both, shall be made, and appropriate adjustments
      in
      the required values of Company Stock shall be made, as provided in Section
      4.4
      of the Plan. The grant of this Option pursuant to the Plan shall not affect
      in
      any way the right or power of the Company to make adjustments,
      reclassifications, reorganizations or changes of its capital or business
      structure or to merge or to consolidate or to dissolve, liquidate or sell,
      or
      transfer all or any part of its business or assets.

    

    13. Governing
      Law.
      To the
      extent that federal laws do not otherwise control, this Agreement shall be
      governed by and construed in accordance with the laws of the State of Delaware.
      

    

    

    [THE
      REMAINDER OF THIS PAGE IS LEFT INTENTIONALLY BLANK.]

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF,
      this
      Agreement has been executed in duplicate on behalf of the Company by its duly
      authorized officer, and by the Participant in acceptance of the above-mentioned
      Option, subject to the terms and conditions of the Plan and of this
      Agreement.

    

    
       

      
        	 	
                GUARDIAN
                  TECHNOLOGIES

                INTERNATIONAL,
                  INC.

              
	 	 	 
	 Date: _________________ 	By:	 
	 	 	
                

              
	 	 	
                Name:

                Title:

              

      

       

      
         

        
          	 	
                  PARTICIPANT:

                
	 	 	 
	
                	 	 
	 	
                  

                
	 	
                  Print
                    Name:

                  Residential Address:

                

        

      

       

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    

    EXHIBIT
      A

    

    VESTING
      SCHEDULE

    

    The
      Option shall vest and become exercisable in full on January 1,
      2006.

     

     

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    EXHIBIT
      B

    

    GUARDIAN
      TECHNOLOGIES INTERNATIONAL, INC.

    

    SUBSCRIPTION
      FORM

    TO
      BE EXECUTED BY PARTICIPANT

    TO
      EXERCISE THIS OPTION

    

    The
      undersigned hereby exercises the right to purchase ________ Option Shares
      covered by this Option according to the conditions thereof and herewith makes
      payment of $__________, the aggregate Option Exercise Price of such Option
      Shares, in full.

     

    
      

      
        	Date: ______________________,
                _________	___________________________________________ 
	 	Signature
	 	 
	 	___________________________________________ 
	 	Name: 

      

             

       

       

      6<PAGE>
                                                                    EXHIBIT 10.1

                                December 19, 2005

Penelope Parmes, Esq.
Rutan & Tucker, LLP
611 Anton Boulevard
14th Floor
Costa Mesa, CA  92626-1998

         Re:      Agreement for Turn Over of Collateral
                  -------------------------------------

Dear Penelope:

         We understand that you are representing Prolong International
Corporation and Prolong Super Lubricants, Inc. (collectively "Prolong"). This
letter will serve to memorialize the agreement reached by our respective clients
on Friday, December 16, 2005. As you know we represent St. Cloud Capital
Partners, LP, a Delaware limited partnership ("St. Cloud"), Aspen Ventures LLC,
a New York limited liability company, Bedford Oak Offshore, Ltd., a Cayman
Islands company, and Bedford Oak Capital, L.P., a Delaware limited partnership
(collectively "Secured Creditors"). The Secured Creditors hold certain rights
pursuant to that certain Pledge And Security Agreement dated as of November 24,
2003 among Prolong International Corporation, Prolong Super Lubricants, Inc.
(collectively "Prolong" or "Obligors") and St. Cloud, as Collateral Agent
("Pledge And Security Agreement"). Reference is also made to that certain Notice
of Event of Default dated October 10, 2005, previously directed to your clients
of which you are aware.(1)

         Under the terms of the Pledge And Security Agreement St. Cloud is the
appointed Collateral Agent(2) for the benefit of the Secured Creditors. Pursuant
to the terms of the Pledge And Security Agreement, St. Cloud has requested that
Prolong cooperate with St. Cloud in the voluntary turn over of St. Cloud's
collateral so that St. Cloud can proceed with an enforcement of its rights to
sell or otherwise dispose of all or some of Prolong Super Lubricants, Inc.'s and
Prolong International Corporation's property which serves as Collateral for the
obligations of Prolong to St. Cloud. Specifically, St. Cloud intends to sell or
otherwise dispose of the Collateral, including but not limited to Intellectual
Property and General Intangibles (as more particularly described in the Pledge
And Security Agreement) pursuant to either public or private sales or other
dispositions in accordance with the Collateral Agent's rights under the Pledge
And Security Agreement and applicable law. The Collateral Agent intends to
proceed with its sales efforts forthwith upon the turn over of the Collateral.

--------------
(1) For your convenience we set forth a summary of certain of the loan
documentation and a statement of indebtedness in the Addendum to this letter.
(2) As defined in the Pledge And Security Agreement.

<PAGE>

         This letter will confirm that Prolong will assemble and/or make
available and/or deliver possession to the Collateral Agent, as required by the
Pledge And Security Agreement, all Collateral, including but not limited to the
following Collateral(3):

         (1)      Documents;

         (2)      General Intangibles;

         (3)      Goods (including, without limitation, Documents Representing
                  Goods and Software Embedded in Goods);

         (4)      Insurance;

         (5)      Intellectual Property;

         (6)      Investment Related Property (including, without limitation,
                  Deposit Accounts, stock certificates of Oryxe Entergy
                  International, Inc., stock certificates of Prolong Super
                  Lubricants, Inc., if any, and/or any other written evidence of
                  ownership);

         (7)      Letter of Credit Rights and letters of credit;

         (8)      Money;

         (9)      Business Records, including but not limited to Receivables and
                  Receivable Records;

         (10)     Commercial Tort Claims;

         (11)     Material Contracts, motor vehicles, choses in action and all
                  other personal property of any kind and all Collateral
                  Records, Collateral Support and Supporting Obligations
                  relating to any of the foregoing; and

         (12)     all Proceeds, products, accessions, rents and profits of or in
                  respect of any of the foregoing.

         Prolong has agreed to fully cooperate with Secured Creditors, and shall
cause their respective agents and attorneys to cooperate in a prompt and timely
manner, in connection with the performance of the turn over Collateral. Prolong
agrees to execute and deliver to Secured Creditors all such documents, notices
and agreements that shall reasonably be required in order to establish, confirm,
affirm, perfect, and secure all rights, interests, and benefits accruing to
Secured Creditors under the terms of this Agreement For Turn Over Of Collateral.

----------------
(3) See Pledge And Security Agreement for specific descriptions and definitions
of the Collateral.

                                       2
<PAGE>

         Prolong and Secured Creditors shall cooperate with each other in
dealing with any administrative issues which arise in connection with Secured
Creditors liquidation of its Collateral.

         Prolong has also agreed that because an Event of Default has occurred
under the Pledge And Security Agreement, all amounts and proceeds (including
checks) received by Prolong Super Lubricants, Inc., and Prolong International
Corporation are deemed to be received in trust for the benefit of the Collateral
Agent. Prolong has agreed that pursuant to The Pledge And Security Agreement all
such amounts and proceeds (including checks) to be forthwith paid over or
delivered to the Collateral Agent in the same form as so received (with any
necessary endorsement).

         Prolong acknowledges that Secured Creditors may choose to fund certain
expenses to fulfill certain unfilled orders for Prolong products using the name
of Prolong and to otherwise realize upon the Collateral. Under the terms of the
Loan Documents, Secured Creditors may chose to complete the pending orders by
paying for the expenses of fulfilling such orders, and may fulfill such orders
in the name of Prolong, provided, however, if Secured Creditors fulfill such
orders, they will be fulfilling such orders for their own account, and not for
the account of Prolong. The Secured Creditors shall have no obligation to
fulfill such orders, and may elect in their sole discretion to fulfill all, some
or none of the pending orders.

         Secured Creditors acknowledge that Prolong has retained Penelope
Parmes, Esq. of Rutan & Tucker to represent Prolong in connection with the turn
over of collateral and matters relating to the Prolong's current state of
affairs. Secured Creditors further acknowledge that Prolong requires the
effective assistance of counsel, and that presently there are no funds available
in Prolong to pay Rutan & Tucker. In order to allow Prolong to retain Rutan &
Tucker, Secured Creditors have agreed to subordinate their security interest and
later set aside a fund of money, not to exceed $30,000.00, from the proceeds
received from the liquidation of their Collateral as follows:

         A. After recovery of all costs relating to the fulfillment of any
unfilled orders for Prolong products; and

         B. After payment to the Collateral Agent of not less than $100,000 of
net proceeds from the liquidation of the Collateral;

         Collateral Agent will then set aside from the proceeds of Collateral a
fund, not to exceed $30,000.00, from the next funds received upon liquidation of
Collateral, which fund shall be sued to pay Rutan & Tucker legal fees. Rutan &
Tucker may request payment from the Collateral Agent by presenting a summary of
legal invoices and making a written request for payment. Payment from the
$30,000.00 fund shall be made within 5 business days from receipt of said
written request. Other than as expressly stated herein, the Secured Creditors
shall have no obligations to pay the legal fees of Rutan & Tucker.

                                       3
<PAGE>

         The foregoing subordination by Secured Creditors and the establishment
of the $30,000.00 fund is not assignable to any other lawyer or law firm, and
runs solely in favor of Rutan & Tucker.

         We also wish to confirm that due to the occurrence and continuation of
the existing Events of Default, and acceleration of the indebtedness under the
Loan Documents, Secured Creditors shall have no obligation or duty to fund any
requested loan, extend any credit, fund and business transaction, or waive or
forbear from the exercise of any right, power, or remedy, except as expressly
provided herein.

         Nothing herein shall be deemed a waiver by Secured Creditors of any of
their rights or remedies under applicable law, the Loan Documents or otherwise,
or be deemed in any way to amend or modify any of the Loan Documents, or to
impair the enforceability of any term or provision of the Loan Documents, the
terms and provisions of which are and shall remain valid, binding and
enforceable obligations of Obligors in accordance with their express terms.

         Other than as agreed to herein, Prolong is expressly reserving its
rights at law and equity, all such rights being expressly reserved.

         The foregoing is not intended to be a complete statement of the rights
and remedies of the Secured Creditors and the Collateral Agent. Accordingly, the
Secured Creditors and Collateral Agent expressly reserve their rights to
exercise any and all rights and remedies they hold, including without limitation
their rights to foreclose on the Collateral and to otherwise enforce the Loan
Documents.

         Please execute a copy of this letter confirming Prolong's agreement to
the terms set forth herein. Please also contact me immediately so that the time
and place of delivery of the above listed tangible Collateral to the Collateral
Agent can be scheduled.

                                           Very truly yours,

                                           /s/  John A. Graham

                                           JOHN A. GRAHAM of
                                           Jeffer, Magels, Butler & Marmaro LLP

JAG:jag

cc:      Kenneth Bovard, Esq.
         Robert Lautz

                                       4
<PAGE>

The foregoing Agreement For Turn Over Of Collateral is understood and agreed by
Prolong:

PROLONG INTERNATIONAL CORPORATION

By:  /s/   Elton Alderman
     -------------------------------------
         Elton Alderman, President

PROLONG SUPER LUBRICANTS, INC.

By:  /s/   Elton Alderman
     -------------------------------------
         Elton Alderman, President

Approved as to Form:

Rutan & Tucker

By:
      -------------------------------------
      Penelope Parmes, Attorneys for
      Prolong International Corporation and
      Prolong Super Lubricants, Inc.

                                       5
<PAGE>

                                    ADDENDUM,
                                    ---------

                 SUMMARY OF LOAN DOCUMENTATION AND INDEBTEDNESS
                 ----------------------------------------------

         A. As of November 24, 2003, Prolong Int., Prolong SL, Prolong
International Ltd., and Prolong International Holdings Ltd. entered into a
Securities Purchase Agreement with the Secured Creditors;

         B. As of November 24, 2003, Prolong SL executed a $2,050,000 Secured
Promissory Note in favor of St. Cloud Capital Partners, L.P.;

         C. As of November 24, 2003, Prolong SL executed and delivered a
$162,500 Secured Promissory Note to the order of Bedford Oak Capital, L.P.;

         D. As of November 24, 2003, Prolong SL executed and delivered a
$162,500 Secured Promissory Note to the order of Bedford Oak Offshore Ltd.;

         E. As of November 24, 2003, Prolong SL executed and delivered a
$125,000 Secured Promissory Note to the order of Aspen Ventures LLC;

         F. As of November 24, 2003, Prolong Int. and Prolong SL executed and
delivered a Pledge And Security Agreement in favor of St. Cloud Capital
Partners, LP, as Collateral Agent. The obligations under the aforesaid Secured
Promissory Notes in above recitals (and any additional advances), among other
obligations of the Obligors, are secured by the collateral described in the
Pledge And Security Agreement;

         G. As of November 24, 2003, Prolong Int. executed and delivered its
written guaranty, guaranteeing the obligations of Prolong SL in favor of the
Secured Creditors;

         H. As of August, 2004, Prolong Int., Prolong SL, Prolong International
Ltd., and Prolong International Holdings Ltd., and certain other entities,
entered into an Amendment to Securities Purchase Agreement with the Secured
Creditors for the purpose of borrowing an additional $250,000.00 from the
Secured Creditors. The foregoing Secured Promissory Notes, Securities Purchase
Agreement, Amendment to Securities Purchase Agreement, Pledge And Security
Agreement, and all documents and written agreements appertaining thereto are
collectively referred to herein as "Loan Documents";

         I. The indebtedness owing by the Obligors to Secured Creditors under
the Loan Documents is summarized as follows:

                                       6
<PAGE>

        Principal                             $       2,602,619.77

        Interest                                        133,563.87
        [As of November 7, 2005,
        assumes no payment made]

        Late Fees                                         2,343.00

        Legal Fees                                       14,349.50
        [Latham & Watkins excludes 13-D
        filing contested charges]

        St. Cloud Board Fees                              7,250.00
        Royalties                                        21,124.00
        [remaining through 12/04]

        Misc. Expenses                                      913.55

Plus, continuing attorney's fees, costs and expenses.

                                       7

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