Surge Global Energy, Inc. (fka SRGG)

[RonnieD]

We entered into a one-year employment agreement with Mr. Greene to serve as our Chief Financial Officer, effective as of April 30, 2006. He will receive an annual salary of $180,000, plus medical benefits. He will earn 400,000 options with a ten year term at an exercise price of $1.75 per share, vesting monthly on a pro rata basis over a three-year period, and otherwise subject to our employee stock option plan. If Mr. Greene is terminated without cause or as a result of a change in control, then all outstanding options become vested immediately