X0202 3 2007-01-12 0 0001096560 SULPHCO INC SUF 0001387529 Ryan Larry 850 SPICE ISLANDS DRIVE SPARKS NV 89431 0 1 0 0 Chief Executive Officer Option to buy 3.54 2008-01-12 2017-01-12 Common Stock 50000 D Option to buy 3.54 2009-01-12 2017-01-12 Common Stock 50000 D Option to buy 3.54 2010-01-12 2017-01-12 Common Stock 50000 D The Options will vest over a three (3)-year period, with 50,000 shares vesting on each of the first three anniversaries following the date of the grant and are subject to the terms, definitions and provisions of the SulphCo, Inc. 2006 Stock Option Plan (the "Plan"), and the accompanying stock option agreement under which it is granted. Under the Plan, the expiration date may be extended at the discretion of the Compensation Committee. /s/ Larry Ryan 2007-01-23