X0306 4 2012-11-23 0 0001346526 ESP Resources, Inc. ESPI 0001470706 Dugas David 111 LIONS CLUB STREET 1 1 Chief Executive Officer Common Stock 2012-11-23 4 A 0 1000000 .09 A 7800000 D Options .09 2012-11-23 4 A 0 800000 A 2012-11-23 2022-11-23 Common Stock 800000 12000000 D On November 23, 2012, the Board of Directors of the Company granted Mr. Dugas 5,000,000 shares of the Company's common stock with 1,000,000 of the shares vesting on November 23, 2012, 1,000,000 of the shares vesting on May 23, 2013, 1,000,000 of the shares vesting on November 23, 2013, 1,000,000 of the shares vesting on May 23, 2014 and 1,000,000 of the shares vesting on November 23, 2014. On November 23, 2012, the Board of Directors of the Company granted Mr. Dugas an option to purchase 4,000,000 shares of the Company's common stock at an exercise price of $0.09 per share, with 800,000 of the shares subject to the option vesting on November 23, 2012, 800,000 of the shares subject to the option vesting on May 23, 2013, 800,000 of the shares subject to the option vesting on November 23, 2013, 800,000 of the shares subject to the option vesting on May 23, 2014 and 800,000 of the shares subject to the option vesting on November 23, 2014. /s/David Dugas 2013-01-09