THIS AGREEMENT is made and entered into on the day and date indicated below by and between
Seychelle Environmental Technologies, Inc. ("The Company") and Richard Parsons ("PARSONS").
WHEREAS , The Company wishes to issue a total of 240,000 of its common shares;
WHEREAS, PARSONS wishes to acquire common shares of the Company under the terms and
conditions of this Agreement, and the Company wishes to transfer the Shares under the terms and conditions of
this Agreement; and
WHEREAS , all parties hereto wish to be governed by the terms and conditions thereof;
NOW, THEREFORE , in consideration of the premises and mutual covenants in this Agreement and
intending to be legally bound, the parties hereto agree as follows:
SECTION 1. TRANSFER OF SHARES
1.1 Transfer of Shares. The Company agrees that it will issue to PARSONS a total of 240,000 Shares at
a price of $.03 per share, subject to the terms and conditions of this Agreement.
1.2 Transfer of Shares Free and Clear of Any Restrictions Except as Indicated. The parties hereby agree
and warrant that such transfer of the Shares will be made free and clear of any liens or encumbrances whatsoever
and any other restrictions such as would fail to give PARSONS full, complete, and unencumbered title to the
Shares; provided, however, that PARSONS hereby grants to The Company the right to call a portion of the
Shares as indicated below at the original purchase price should PARSONS leave the employment of the
Company prior to December 1, 2007. The Company shall have one year to exercise its call provision as to any
Shares that become eligible for such provision. The Company' call provisions are as follows:
Prior to December 1,2005, all Shares may be called;
Prior to December 1,2006, a total of 160,000 Shares may be called; and
Prior to December 1,2007, a total of 80,000 Shares may be called.
1.3 Extinguishment of Call Provisions. Notwithstanding the requirements of section 1.2 above, in the