X0202 5 2007-12-31 0 0 0000089041 SAGEMARK COMPANIES LTD SKCO 0001235106 LIPSTEIN RON 585 GREEN PLACE WOODMERE NY 11598 1 1 0 0 President, CEO and Director Option .83 2007-07-02 5 J 0 275000 0 A 2012-07-02 Common Stock 275000 0 D Warrant .83 2007-07-02 5 J 0 225000 0 A 2012-07-02 Common Stock 225000 0 D Pursuant to certain agreements entered into on July 2, 2007 by and between the Reporting Person and The Sagemark Companies Ltd., the Reporting Person was granted an Option dated July 2, 2007 that fully vests and will become exercisable at such time as The Sagemark Companies Ltd. receives the proceeds of an equity financing with gross proceeds to the Company of not less than $2,500,000. Pursuant to certain agreements entered into on July 2, 2007 by and between the Reporting Person and The Sagemark Companies Ltd., the Reporting Person was granted a Warrant dated July 2, 2007 that fully vests and is to become exercisable at such time as The Sagemark Companies Ltd. has opened ten (10) radiation therapy cancer treatment centers, provided that the Reporting Person is still employed by the Company at that time. /s/ RONALD M. LIPSTEIN 2008-01-18