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        <div style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><font style="FONT-WEIGHT: bold; FONT-SIZE: 18pt">SECURITIES
          AND EXCHANGE
          COMMISSION</font></font></div>
        <div style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><font style="FONT-WEIGHT: bold; FONT-SIZE: 18pt">Washington,
          D.C.
          20549</font></font></div>
      </div>
    </div>
    <div><font style="FONT-WEIGHT: bold; FONT-SIZE: 18pt">&#160;</font></div>
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    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><font style="FONT-WEIGHT: bold; FONT-SIZE: 18pt">FORM
      S-8</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><font style="FONT-WEIGHT: bold; FONT-SIZE: 18pt">REGISTRATION
      STATEMENT</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><font style="FONT-WEIGHT: bold; FONT-SIZE: 18pt">UNDER</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><font style="FONT-WEIGHT: bold; FONT-SIZE: 18pt">THE
      SECURITIES ACT OF
      1933</font></font></div>
    <div><font style="FONT-WEIGHT: bold; FONT-SIZE: 18pt">&#160;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify">
      <hr style="COLOR: black" align="center" noshade size="3" width="16%">
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><font style="FONT-WEIGHT: bold; FONT-SIZE: 18pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 18pt; TEXT-DECORATION: underline">NEXIA
      HOLDINGS, INC.</font></font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 18pt; FONT-FAMILY: times new roman">(Exact
      name of registrant as specified in its charter)</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font><font style="DISPLAY: inline; FONT-WEIGHT: normal; FONT-SIZE: 11pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-WEIGHT: normal; TEXT-DECORATION: underline">Nevada</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;
<font style="DISPLAY: inline; FONT-WEIGHT: normal; TEXT-DECORATION: underline">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">84-1062062</font></font></font><font style="FONT-WEIGHT: bold">&#160;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font><font style="DISPLAY: inline; FONT-WEIGHT: normal; FONT-SIZE: 11pt; FONT-FAMILY: times new roman"><font style="FONT-WEIGHT: normal"><font style="FONT-WEIGHT: normal">(State
      or other
      jurisdiction
      of&#160;&#160;&#160;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="FONT-WEIGHT: normal">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;(I.R.S. Employer Identification
      No.)</font></font><font style="FONT-WEIGHT: normal">&#160;</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-WEIGHT: bold"><font style="FONT-WEIGHT: normal"><font style="DISPLAY: inline; FONT-WEIGHT: normal; FONT-SIZE: 11pt; FONT-FAMILY: times new roman">incorporation
      or organization)</font></font></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">59
      West 100 South, Second
      Floor, Salt Lake City, Utah 84101</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">&#160;(Address
      of principal executive offices)</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">The
      Amended 2008 Benefit
      Plan of Nexia Holdings, Inc.</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 166.55pt"></font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      (Full title of the plan)</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Richard
      D. Surber, 59 West
      100 South, Second Floor, Salt Lake City, Utah 84101</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 76.05pt"></font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      (Name, address, including zip code, of agent for service)</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 104.05pt"></font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      Telephone number for Issuer:<font style="DISPLAY: inline; TEXT-DECORATION: underline">&#160;&#160;(801)
      575-8073</font></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 106.9pt"></font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; CALCULATION OF
      REGISTRATION FEE</font></div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

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            <td align="left" valign="top" width="22%" style="BORDER-TOP: #000000 2.55pt double; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">Title
                of Securities to be Registered</font></div>
            </td>
            <td align="left" valign="top" width="12%" style="BORDER-TOP: #000000 2.55pt double; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">Amounts
                to be Registered</font></div>
            </td>
            <td align="left" valign="top" width="17%" style="BORDER-TOP: #000000 2.55pt double; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">Proposed
                Maximum Offering Price Per Share(1)</font></div>
            </td>
            <td align="left" valign="top" width="18%" style="BORDER-TOP: #000000 2.55pt double; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">Proposed
                Maximum Aggregate Offering Price</font></div>
            </td>
            <td align="left" valign="top" width="12%" style="BORDER-TOP: #000000 2.55pt double; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">Amount
                of Registration Fee</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="22%" style="BORDER-BOTTOM: black 4px double">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">Common
                Stock, 0.0001 par value</font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
            </td>
            <td align="right" valign="top" width="12%" style="BORDER-BOTTOM: black 4px double">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">200,000,000</font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
            </td>
            <td valign="top" width="17%" style="BORDER-BOTTOM: black 4px double">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">$0.0006</font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
            </td>
            <td align="left" valign="top" width="18%" style="BORDER-BOTTOM: black 4px double">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;&#160;$120,000</font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
            </td>
            <td align="left" valign="top" width="12%" style="BORDER-BOTTOM: black 4px double">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">$15.21</font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">(1)</font></div>
            </td>
            <td>
              <div style="TEXT-ALIGN: justify" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">Bona
                fide estimate of maximum offering price solely for calculating the
                registration fee pursuant to Rule 457(h) of the Securities Act of
                1933,
                based on the average bid and asked price of the registrant<font style="DISPLAY: inline;" face="WP TypographicSymbols, Courier">=</font>s
                common stock as of February 7, 2008, a date within five business
                days
                prior to the date of filing of this registration statement.
                </font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">In
      addition, pursuant to Rule 416(c) under the Securities Act of 1933, this
      Registration Statement also covers an indeterminate amount of interests to
      be
      offered or sold pursuant to the Plan described herein.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">&#160;</div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: lightgrey" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">Registration
      Statement Pursuant to General Instruction E to form S-8</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">2008
      Benefit Plan of Nexia Holdings, Inc.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>This
      Registration Statement is being
      filed pursuant to General Instruction E to Form S-8, to reflect that the Board
      of Directors of Nexia Holdings, Inc. (the<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman"> "</font>Company")
      has
      amended The 2008 Benefit Plan of Nexia Holdings, Inc. as originally filed by
      the
      Company in a Form S-8 filed on October 12, 2007, SEC file no. 333-146693, which
      is incorporated herein by reference.&#160;&#160;This Registration statement will
      increase the number of shares to be included in the plan by Two Hundred Million
      (200,000,000) shares of the common stock of the Company.&#160;&#160;</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">The
      200,000,000 shares registered hereunder increases the total number of shares
      registered under The 2008 Benefit Plan of Nexia Holdings, Inc. to
      350,000,000.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">The
      amendment to the 2008 Benefit Plan of Nexia Holdings, Inc. is filed as
      Exhibit<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman"> "</font>A"
      hereto.&#160;&#160;The additional Two Hundred Million (200,000,000) shares are
      being registered hereby.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">The
      total
      number of shares registered under the 2008 Benefit Plan of Nexia Holdings,
      Inc.
      will be 350,000,000.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">ITEM
      8-Exhibits</font></div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td valign="top" width="10%" style="BORDER-TOP: #ffffff 0.75pt solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline">Exhibits</font></font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
            </td>
            <td valign="top" width="14%" style="BORDER-TOP: #ffffff 0.75pt solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline">SEC
                Ref. No.</font></font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
            </td>
            <td valign="top" width="36%" style="BORDER-TOP: #ffffff 0.75pt solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline">Description
                of Exhibit</font></font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
            </td>
            <td valign="top" width="16%" style="BORDER-TOP: #ffffff 0.75pt solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">Page</font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">A</font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
            </td>
            <td valign="top" width="14%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">4</font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
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            <td align="left" valign="top" width="36%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">Amendment
                to 2008 Stock Benefit Plan of the Company</font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
            </td>
            <td valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">5</font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">B</font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
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            <td valign="top" width="14%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">5,
                23(b)</font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
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            <td align="left" valign="top" width="36%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">Opinion
                and consent of Counsel with respect to the legality of the issuance
                of
                securities being issued</font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
            </td>
            <td valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">8</font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td valign="top" width="10%" style="BORDER-TOP: #ffffff 0.75pt solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">C</font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
            </td>
            <td valign="top" width="14%" style="BORDER-TOP: #ffffff 0.75pt solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">23(a)</font></div>
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              </div>
            </td>
            <td align="left" valign="top" width="36%" style="BORDER-TOP: #ffffff 0.75pt solid; BORDER-BOTTOM: black 2px solid">
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              </div>
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">Consents
                of Accountants</font></div>
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              </div>
            </td>
            <td valign="top" width="16%" style="BORDER-TOP: #ffffff 0.75pt solid; BORDER-BOTTOM: black 2px solid">
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              </div>
            </td>
          </tr>

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      to the requirements of the Securities Act, the registrant certifies that it
      has
      reasonable grounds to believe that it meets all of the requirements for filing
      on Form S-8 and has duly caused this Registration Statement to be signed on
      its
      behalf by the undersigned, thereunto duly authorized, on February 8,
      2008.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 216pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">Nexia
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      Richard
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      D. Surber, as President</font></div>
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    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">Pursuant
      to the requirements of the Securities Act of 1933, this Registration Statement
      has been signed by the following persons in the capacities and on the date
      indicated.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">2</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: lightgrey" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
      </div>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 180pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Signature</font></font></div>
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            <td style="WIDTH: 180pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Title</font></font></div>
            </td>
            <td>
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Date</font></font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 180pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 180pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">/s/Richard
                Surber</font></font></div>
            </td>
            <td style="WIDTH: 180pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">Director</font></div>
            </td>
            <td>
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">February
                8, 2008 </font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">Richard
      D. Surber</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 180pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 180pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">/s/Gerald
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            </td>
            <td style="WIDTH: 180pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">Director</font></div>
            </td>
            <td>
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">February
                8, 2008 </font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">Gerald
      Einhorn</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 212px">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 221px">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">/s/Adrienne
                Bernstein</font></font></div>
            </td>
            <td style="WIDTH: 230px">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">Director</font></div>
            </td>
            <td width="322">
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">February
                8, 2008 </font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">Adrienne
      Bernstein</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: lightgrey" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
      </div>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="center"><font style="FONT-WEIGHT: bold; FONT-SIZE: 18pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 18pt; FONT-FAMILY: times new roman">SECURITIES
      AND EXCHANGE COMMISSION</font></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><font style="FONT-WEIGHT: bold; FONT-SIZE: 18pt">Washington,
      D.C.&#160;&#160;20549</font></font><font style="FONT-WEIGHT: bold; FONT-SIZE: 18pt">&#160;</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><font style="FONT-WEIGHT: bold; FONT-SIZE: 18pt">EXHIBITS</font></font><font style="FONT-WEIGHT: bold; FONT-SIZE: 18pt">&#160;</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><font style="FONT-WEIGHT: bold; FONT-SIZE: 18pt">FORM
      S-8</font></font><font style="FONT-WEIGHT: bold; FONT-SIZE: 18pt">&#160;</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><font style="FONT-WEIGHT: bold; FONT-SIZE: 18pt">REGISTRATION
      STATEMENT</font></font><font style="FONT-WEIGHT: bold; FONT-SIZE: 18pt">&#160;</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><font style="FONT-WEIGHT: bold; FONT-SIZE: 18pt">UNDER</font></font><font style="FONT-WEIGHT: bold; FONT-SIZE: 18pt">&#160;</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><font style="FONT-WEIGHT: bold; FONT-SIZE: 18pt">THE
      SECURITIES ACT OF
      1933</font></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><font style="FONT-WEIGHT: bold; FONT-SIZE: 18pt">Nexia
      Holdings,
      Inc.</font></font><font style="FONT-WEIGHT: bold; FONT-SIZE: 18pt">&#160;</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><font style="FONT-WEIGHT: bold; FONT-SIZE: 18pt">(a
      Nevada
      corporation)</font></font><font style="FONT-WEIGHT: bold; FONT-SIZE: 18pt">&#160;</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">INDEX
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    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td valign="top" width="10%" style="BORDER-TOP: #ffffff 0.75pt solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline">Exhibits</font></font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
            </td>
            <td valign="top" width="14%" style="BORDER-TOP: #ffffff 0.75pt solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline">SEC
                Ref. No.</font></font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
            </td>
            <td valign="top" width="36%" style="BORDER-TOP: #ffffff 0.75pt solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline">Description
                of Exhibit</font></font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
            </td>
            <td valign="top" width="16%" style="BORDER-TOP: #ffffff 0.75pt solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">Page</font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">A</font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
            </td>
            <td valign="top" width="14%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">4</font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
            </td>
            <td align="left" valign="top" width="36%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">Amendment
                to 2008 Stock Benefit Plan of the Company</font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
            </td>
            <td valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">5</font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">B</font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
            </td>
            <td valign="top" width="14%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">5,
                23(b)</font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
            </td>
            <td align="left" valign="top" width="36%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">Opinion
                and consent of Counsel with respect to the legality of the issuance
                of
                securities being issued</font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
            </td>
            <td valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">8</font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td valign="top" width="10%" style="BORDER-TOP: #ffffff 0.75pt solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">C</font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
            </td>
            <td valign="top" width="14%" style="BORDER-TOP: #ffffff 0.75pt solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">23(a)</font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
            </td>
            <td align="left" valign="top" width="36%" style="BORDER-TOP: #ffffff 0.75pt solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">Consents
                of Accountants</font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
            </td>
            <td valign="top" width="16%" style="BORDER-TOP: #ffffff 0.75pt solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">10</font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">4</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: lightgrey" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
      </div>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-WEIGHT: bold; FONT-SIZE: 18pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 18pt; FONT-FAMILY: times new roman">THE
      AMENDED 2008 BENEFIT PLAN</font></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-WEIGHT: bold; FONT-SIZE: 18pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 18pt; FONT-FAMILY: times new roman">OF</font></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-WEIGHT: bold; FONT-SIZE: 18pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 18pt; FONT-FAMILY: times new roman">NEXIA
      HOLDINGS, INC.</font></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">THE
      AMENDED 2008 BENEFIT PLAN OF NEXIA HOLDINGS, INC.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">Nexia
      Holdings, Inc., a Nevada corporation (the <font style="DISPLAY: inline;" face="WP TypographicSymbols, Courier">A</font>Company<font style="DISPLAY: inline;" face="WP TypographicSymbols, Courier">@</font>),
      hereby adopts The Amended 2008 Benefit Plan of Nexia Holdings, Inc. (the <font style="DISPLAY: inline;" face="WP TypographicSymbols, Courier">A</font>Plan<font style="DISPLAY: inline;" face="WP TypographicSymbols, Courier">@</font>)
      this 8<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: super">th</font>
      day of
      February, 2008.&#160;&#160;Under the Plan, the Company may issue stock, or grant
      options to acquire the Company's common stock, par value $0.0001 (the <font style="DISPLAY: inline;" face="WP TypographicSymbols, Courier">A</font>Stock<font style="DISPLAY: inline;" face="WP TypographicSymbols, Courier">@</font>),
      from time to time to employees of the Company or its subsidiaries, all on the
      terms and conditions set forth herein (<font style="DISPLAY: inline;" face="WP TypographicSymbols, Courier">A</font>Benefits<font style="DISPLAY: inline;" face="WP TypographicSymbols, Courier">@</font>).&#160;&#160;In
      addition, at the discretion of the Board of Directors, Benefits may from time
      to
      time be granted under this Plan to other individuals, including consultants
      or
      advisors, who contribute to the success of the Company or its subsidiaries,
      but
      are not employees of the Company or its subsidiaries, provided that bona fide
      services shall be rendered by consultants and advisors and such services must
      not be in connection with the offer or sale of securities in a capital-raising
      transaction. No stock may be issued, or option granted under the benefit plan
      to
      consultants, advisors, or other persons who directly or indirectly promote
      or
      maintain a market for the Company<font style="DISPLAY: inline;" face="WP TypographicSymbols, Courier">=</font>s
      securities. </font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">1.<font style="DISPLAY: inline; TEXT-DECORATION: underline">Purpose
      of the Plan</font>.
      The Plan is intended to aid the Company in maintaining and developing a
      management team, attracting qualified officers and employees capable of assuring
      the future success of the Company, and rewarding those individuals who have
      contributed to the success of the Company.&#160;&#160;The Company has designed
      this Plan to aid it in retaining the services of executives and employees and
      in
      attracting new personnel when needed for future operations and growth and to
      provide such personnel with an incentive to remain employees of the Company,
      to
      use their best efforts to promote the success of the Company's business, and
      to
      provide them with an opportunity to obtain or increase a proprietary interest
      in
      the Company.&#160;&#160;It is also designed to permit the Company to reward
      those individuals who are not employees of the Company, but who management
      perceives to have contributed to the success of the Company or who are important
      to the continued business and operations of the Company.&#160;&#160;The above
      goals will be achieved through the granting of Benefits.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">2.<font style="DISPLAY: inline; TEXT-DECORATION: underline">Administration
      of this
      Plan</font>.&#160;&#160;Administration of this Plan shall be determined by the
      Company's Board of Directors (the <font style="DISPLAY: inline;" face="WP TypographicSymbols, Courier">A</font>Board<font style="DISPLAY: inline;" face="WP TypographicSymbols, Courier">@</font>).&#160;&#160;Subject
      to compliance with applicable provisions of the governing law, the Board may
      delegate administration of this Plan or specific administrative duties with
      respect to this Plan on such terms and to such committees of the Board as it
      deems proper (hereinafter the Board or its authorized committee shall be
      referred to as <font style="DISPLAY: inline;" face="WP TypographicSymbols, Courier">A</font>Plan
      Administrators<font style="DISPLAY: inline;" face="WP TypographicSymbols, Courier">@</font>).&#160;&#160;The
      interpretation and construction of the terms of this Plan by the Plan
      Administrators thereof shall be final and binding on all participants in this
      Plan absent a showing of demonstrable error.&#160;&#160;No member of the Plan
      Administrators shall be liable for any action taken or determination made in
      good faith with respect to this Plan.&#160;&#160;Any Benefit approved by a
      majority vote of those Plan Administrators attending a duly and properly held
      meeting shall be valid.&#160;&#160;Any Benefit approved by the Plan
      Administrators shall be approved as specified by the Board at the time of
      delegation.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">3.<font style="DISPLAY: inline; TEXT-DECORATION: underline">Shares
      of Stock Subject to
      this Plan</font>.&#160;&#160;&#160;A total of Three Hundred Fifty Million
      (350,000,000) shares of Stock may be subject to, or issued pursuant to, Benefits
      granted under this Plan.&#160;&#160;If any right to acquire Stock granted under
      this Plan is exercised by the delivery of shares of Stock or the relinquishment
      of rights to shares of Stock, only the net shares of Stock issued (the shares
      of
      stock issued less the shares of Stock surrendered) shall count against the
      total
      number of shares reserved for issuance under the terms of this Plan.
</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">4.<font style="DISPLAY: inline; TEXT-DECORATION: underline">Reservation
      of Stock on
      Granting of Option</font>.&#160;&#160;At the time any Option is granted under
      the terms of this Plan, the Company will reserve for issuance the number of
      shares of Stock subject to such Option until it is exercised or
      expires.&#160;&#160;The Company may reserve either authorized, but unissued
      shares or issued shares reacquired by the Company.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">5.<font style="DISPLAY: inline; TEXT-DECORATION: underline">Eligibility</font>.&#160;&#160;The
      Plan Administrators may grant Benefits to employees, officers, and directors
      of
      the Company and its subsidiaries, as may be existing from time to time, and
      to
      other individuals who are not employees of the Company or its subsidiaries,
      including consultants and advisors, provided that such consultants and advisors
      render bona fide services to the Company or its subsidiaries and such services
      are not rendered in connection with the offer or sale of securities in a
      capital-raising transaction.&#160;&#160;In any case, the Plan Administrators
      shall determine, based on the foregoing limitations and the Company<font style="DISPLAY: inline;" face="WP TypographicSymbols, Courier">=</font>s
      best interests, which employees, officers, directors, consultants and advisors
      are eligible to participate in this Plan.&#160;&#160;Benefits shall be in the
      amounts, and shall have the rights and be subject to the restrictions, as may
      be
      determined by the Plan Administrators, all as may be within the provisions
      of
      this Plan.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">5</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: lightgrey" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">6.<font style="DISPLAY: inline; TEXT-DECORATION: underline">Term
      of Options issued as
      Benefits and Certain Limitations on Right to Exercise.</font></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">a.Each
      Option issued as a benefit hereunder (<font style="DISPLAY: inline;" face="WP TypographicSymbols, Courier">A</font>Option<font style="DISPLAY: inline;" face="WP TypographicSymbols, Courier">@</font>)
      shall have its term established by the Plan Administrators at the time the
      Option is granted.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">b.The
      term of the Option, once it is granted, may be reduced only as provided for
      in
      this Plan and under the express written provisions of the Option.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">c.Unless
      otherwise specifically provided by the written provisions of the Option or
      required by applicable disclosure or other legal requirements promulgated by
      the
      Securities and Exchange Commission (<font style="DISPLAY: inline;" face="WP TypographicSymbols, Courier">A</font>SEC<font style="DISPLAY: inline;" face="WP TypographicSymbols, Courier">@</font>),
      no participant of this Plan or his or her legal representative, legatee, or
      distributee will be, or shall be deemed to be, a holder of any shares subject
      to
      an Option unless and until such participant exercises his or her right to
      acquire all or a portion of the Stock subject to the Option and delivers the
      required consideration to the Company in accordance with the terms of this
      Plan
      and then only as to the number of shares of Stock acquired.&#160;&#160;Except as
      specifically provided in this Plan or as otherwise specifically provided by
      the
      written provisions of the Option, no adjustment to the exercise price or the
      number of shares of Stock subject to the Option shall be made for dividends
      or
      other rights for which the record date is prior to the date on which the Stock
      subject to the Option is acquired by the holder.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">d.Options
      shall vest and become exercisable at such time or times and on such terms as
      the
      Plan Administrators may determine at the time of the grant of the Option.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">e.Options
      may contain such other provisions, including further lawful restrictions on
      the
      vesting and exercise of the Options as the Plan Administrators may deem
      advisable.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">f.In
      no
      event may an Option be exercised after the expiration of its term.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">g.Options
      shall be non-transferable, except by the laws of descent and
      distribution.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">7.<font style="DISPLAY: inline; TEXT-DECORATION: underline">Exercise
      Price</font>.&#160;&#160;&#160;The Plan Administrators shall establish the
      exercise price payable to the Company for shares to be obtained pursuant to
      Options, which exercise price may be amended from time to time as the Plan
      Administrators shall determine.&#160;&#160;</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">8.<font style="DISPLAY: inline; TEXT-DECORATION: underline">Payment
      of Exercise
      Price</font>.&#160;&#160;The exercise of any Option shall be contingent on
      receipt by the Company of the exercise price paid in either cash, certified
      or
      personal check payable to the Company.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">9.<font style="DISPLAY: inline; TEXT-DECORATION: underline">Withholding</font>.&#160;&#160;If
      the grant of a Benefit hereunder, or exercise of an Option given as a Benefit
      is
      subject to withholding or other trust fund payment requirements of the Internal
      Revenue Code of 1986, as amended (the <font style="DISPLAY: inline;" face="WP TypographicSymbols, Courier">A</font>Code<font style="DISPLAY: inline;" face="WP TypographicSymbols, Courier">@</font>),
      or applicable state or local laws, the Company will initially pay the
      Optionee<font style="DISPLAY: inline;" face="WP TypographicSymbols, Courier">=</font>s
      liability and will be reimbursed by Optionee no later than six months after
      such
      liability arises and Optionee hereby agrees to such reimbursement
      terms.&#160;&#160;</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">6</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: lightgrey" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">10.<font style="DISPLAY: inline; TEXT-DECORATION: underline">Dilution
      or Other
      Adjustment.</font>&#160;&#160;The shares of Common Stock subject to this Plan
      and the exercise price of outstanding Options are subject to proportionate
      adjustment in the event of a stock dividend on the Common Stock or a change
      in
      the number of issued and outstanding shares of Common Stock as a result of
      a
      stock split, consolidation, or other recapitalization.&#160;&#160;The Company,
      at its option, may adjust the Options, issue replacements, or declare Options
      void.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">11.<font style="DISPLAY: inline; TEXT-DECORATION: underline">Benefits
      to Foreign
      Nationals</font>.&#160;&#160;&#160;The Plan Administrators may, in order to
      fulfill the purpose of this Plan and without amending this Plan, grant Benefits
      to foreign nationals or individuals residing in foreign countries that contain
      provisions, restrictions, and limitations different from those set forth in
      this
      Plan and the Benefits made to United States residents in order to recognize
      differences among the countries in law, tax policy, and custom.&#160;&#160;Such
      grants shall be made in an attempt to give such individuals essentially the
      same
      benefits as contemplated by a grant to United States residents under the terms
      of this Plan.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">12.<font style="DISPLAY: inline; TEXT-DECORATION: underline">Listing
      and Registration of
      Shares</font>.&#160;&#160;&#160;Each Option shall be subject to the requirement
      that if at any time the Plan Administrators shall determine, in their sole
      discretion, that it is necessary or desirable to list, register, or qualify
      the
      shares covered thereby on any securities exchange or under any state or federal
      law, or obtain the consent or approval of any governmental agency or regulatory
      body as a condition of, or in connection with, the granting of such Option
      or
      the issuance or purchase of shares thereunder, such Option may not be exercised
      in whole or in part unless and until such listing, registration, consent, or
      approval shall have been effected or obtained free of any conditions not
      acceptable to the Plan Administrators.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">13.<font style="DISPLAY: inline; TEXT-DECORATION: underline">Expiration
      and Termination
      of this Plan</font>.&#160;&#160;This Plan may be abandoned or terminated at any
      time by the Plan Administrators except with respect to any Options then
      outstanding under this Plan.&#160;&#160;This Plan shall otherwise terminate on
      the earlier of the date that is five years from the date first appearing in
      this
      Plan or the date on which the Three Hundred Fifty Millionth share is issued
      hereunder.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">14.<font style="DISPLAY: inline; TEXT-DECORATION: underline">Amendment
      of this
      Plan</font>.&#160;&#160;&#160;This Plan may not be amended more than once during
      any six month period, other than to comport with changes in the Code or the
      Employee Retirement Income Security Act or the rules and regulations promulgated
      thereunder.&#160;&#160;The Plan Administrators may modify and amend this Plan in
      any respect.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 27pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">ATTEST:</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">/s/
      Richard Surber.</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">Richard
      D. Surber, President</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">7</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: lightgrey" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman; FONT-VARIANT: small-caps">MICHAEL
      GOLIGHTLY</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">59
      West
      100 South</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 11pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      Second
      Floor</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
Telephone: (801) 575-8073 ext 105</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 11pt">Attorney
      at
      Law</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160; &#160;&#160;&#160;&#160; <font style="DISPLAY: inline; FONT-SIZE: 11pt">Salt Lake City, Utah
      84101</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Facsimile:
      (801) 575-8092</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: super">Admitted
      in Texas
      and Utah</font></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">February
      8, 2008</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">Board
      of
      Directors</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">Nexia
      Holdings, Inc.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">59
      West
      100 South, Second Floor</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">Salt
      Lake
      City, Utah 84101</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">Re:</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">Legality
                and Authorization of Shares Issued Under Form S-8 Registration Statement
                </font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">Gentlemen:</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 27pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">I
      have
      acted as special counsel for Nexia Holdings, Inc., a Nevada corporation (the
      <font style="DISPLAY: inline;" face="WP TypographicSymbols, Courier">A</font>Company<font style="DISPLAY: inline;" face="WP TypographicSymbols, Courier">@</font>),
      in the limited capacity of rendering an opinion regarding the legality and
      authorization of the shares proposed to be registered under a registration
      statement on Form S-8 (the <font style="DISPLAY: inline;" face="WP TypographicSymbols, Courier">A</font>Registration
      Statement<font style="DISPLAY: inline;" face="WP TypographicSymbols, Courier">@</font>)
      to be filed with the Securities and Exchange Commission (<font style="DISPLAY: inline;" face="WP TypographicSymbols, Courier">A</font>the
      Commission<font style="DISPLAY: inline;" face="WP TypographicSymbols, Courier">@</font>)
      under the Securities Act of 1933, as amended, (<font style="DISPLAY: inline;" face="WP TypographicSymbols, Courier">A</font>the
      Act<font style="DISPLAY: inline;" face="WP TypographicSymbols, Courier">@</font>).&#160;&#160;The
      Company is registering an Amended Benefit Plan entitled <font style="DISPLAY: inline;" face="WP TypographicSymbols, Courier">A</font>The
      Amended 2008 Benefit Plan of Nexia Holdings, Inc.<font style="DISPLAY: inline;" face="WP TypographicSymbols, Courier">@</font>
      (the <font style="DISPLAY: inline;" face="WP TypographicSymbols, Courier">A</font>Benefit
      Plan<font style="DISPLAY: inline;" face="WP TypographicSymbols, Courier">@</font>)
      pursuant to which the Company has authorized the issuance of an additional
      Two
      Hundred Million (200,000,000) shares of the Company&#8217;s common stock in addition
      to the original authorization of One Hundred Fifty Million (150,000,000) shares
      of the Company<font style="DISPLAY: inline;" face="WP TypographicSymbols, Courier">=</font>s
      common stock, par value $.0001 (the <font style="DISPLAY: inline;" face="WP TypographicSymbols, Courier">A</font>Shares<font style="DISPLAY: inline;" face="WP TypographicSymbols, Courier">@</font>).&#160;&#160;All
      numbers herein reflect the effect of the 1 for 100 reverse stock split that
      was
      effective as of December 13, 2007.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 27pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">In
      connection with the preparation of this Opinion, I have examined the
      following:</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 27pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">1.
      The
      Company<font style="DISPLAY: inline;" face="WP TypographicSymbols, Courier">=</font>s
      Articles of Incorporation and amendments thereto and Bylaws as submitted&#160;to
      me by the Company pursuant to my request for same;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 27pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">2.&#160;The
      Registration Statement herein referenced;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 27pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">3.&#160;The
      Board of Director&#8217;s Resolution, dated February 8, 2008, authorizing and
      approving the Company<font style="DISPLAY: inline;" face="WP TypographicSymbols, Courier">=</font>s
      Amended 2008 Benefit Plan and the preparation of the Registration
      Statement;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 27pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">4.&#160;The
      Company<font style="DISPLAY: inline;" face="WP TypographicSymbols, Courier">=</font>s
      Section 10(a) Prospectus for the Registration Statement;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 27pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">5.&#160;The
      Company<font style="DISPLAY: inline;" face="WP TypographicSymbols, Courier">=</font>s
      Form 10-KSB for the fiscal year ended December 31, 2006;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 27pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">6.&#160;The
      Company&#8217;s Form 10-QSBs for the quarters ended March 31, 2007, June 30, 2007
      and&#160;September 30, 2007;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 27pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">7.&#160;&#160;Such
      other documents as I have deemed necessary for the purposes of this
      Opinion.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 27pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 27pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">Additionally,
      I have made such investigations of federal law as I have considered necessary
      and appropriate to form a basis for this opinion.&#160;&#160;My opinion is
      qualified by the scope of the review specified herein and I make no
      representations as to the sufficiency of my investigation for this
      opinion.&#160;&#160;I further expressly exempt from this opinion any
      representations as to the completeness, adequacy, accuracy or any other aspect
      of the financial statements incorporated in the Registration Statement.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 27pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">The
      documentation and representations provided to me for this opinion by the Company
      and its duly authorized representatives indicate that the Company is validly
      organized under the laws of the State of Nevada; the Company is current in
      its
      filings with the Commission; the Company<font style="DISPLAY: inline;" face="WP TypographicSymbols, Courier">=</font>s
      Board of Directors has authorized the Benefit Plan; the Company<font style="DISPLAY: inline;" face="WP TypographicSymbols, Courier">=</font>s
      Board of Directors has authorized the filing of the Registration Statement;
      and
      that the Two Hundred Million&#160;&#160;(200,000,000) new shares to be included
      in the Registration Statement are available for issuance based upon corporate
      documentation and on the amount of shares actually issued and
      outstanding.&#160;&#160;&#160;As such, I am of the opinion that the Shares
      herein referenced have been duly and validly authorized and that subject to
      compliance with all provision of the Plan, the Shares will be validly issued
      as
      fully paid and non-assessable shares of common stock in the Company.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">8</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: lightgrey" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 27pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 27pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">This
      opinion is based upon and subject to the qualifications and limitations
      specified below:</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 27pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">(A)
      Certain of the remedial provisions of the 2008 Benefit Plan may be further
      limited or rendered unenforceable by other applicable laws and
      interpretations.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 27pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">(B)
      In
      rendering the opinion that the shares of the Common Stock to be registered
      pursuant to the Registration Statement and issued under the Benefit Plan will
      be
      validly issued, fully paid and non-assessable, I assumed that: (1) the
      Company<font style="DISPLAY: inline;" face="WP TypographicSymbols, Courier">=</font>s
      Board of Directors has exercised good faith in establishing the value paid
      for
      the Shares; (2) all issuances and cancellations of the capital stock of the
      Company will be fully and accurately reflected in the Company<font style="DISPLAY: inline;" face="WP TypographicSymbols, Courier">=</font>s
      Stock Records as provided by the Company<font style="DISPLAY: inline;" face="WP TypographicSymbols, Courier">=</font>s
      transfer agent; and (3) the consideration, as determined by the Company<font style="DISPLAY: inline;" face="WP TypographicSymbols, Courier">=</font>s
      Board of Directors, to be received in exchange for each issuance of common
      stock
      of the Company, has been paid in full and actually received by the
      Company.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 27pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">(C)
      I
      have made no independent verification of the facts asserted to be true and
      accurate by authorized representatives of the Company and have assumed that
      no
      person or entity has engaged in fraud or misrepresentation regarding the
      inducement relating to, or the execution or delivery of, the documents
      reviewed.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 27pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">(D)
      In
      rendering this opinion I have assumed that all signatures are genuine, that
      all
      documents submitted to me as copies conform substantially to the originals,
      that
      all documents have been duly executed on or as of the date represented on the
      documents, that execution and delivery of the documents was duly authorized
      on
      the part of the parties, that all documents are legal, valid and binding on
      the
      parties and that all corporate records are complete.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 27pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">(E)
      I
      have assumed that the Company is satisfying the substantive requirements of
      Form
      S-8 and I expressly disclaim any opinion regarding the Company<font style="DISPLAY: inline;" face="WP TypographicSymbols, Courier">=</font>s
      compliance with such requirements, whether they are of federal or state origin,
      or any opinion as to the subsequent tradeability of any Shares issued pursuant
      to the Benefit Plan.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 27pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">(F)
      I am
      admitted to practice law in the States of Utah and Texas.&#160;&#160;I am not
      admitted to practice law in the State of Nevada or in any other jurisdiction
      where the Company may own property or transact business.&#160;&#160;This opinion
      is with respect to federal law only and I have not consulted legal counsel
      from
      any other jurisdiction for the purpose of the opinion contained
      herein.&#160;&#160;I expressly except from this opinion any opinion as to
      whether or to what extent a Nevada court or any other court would apply Nevada
      law, or the law of any other state or jurisdiction, to any particular aspect
      of
      the facts, circumstances and transactions that are the subject of this
      opinion.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 27pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">(G)
      This
      opinion is strictly limited to the parameters contained and referenced herein
      and is valid only as to the signature date with respect to the
      same.&#160;&#160;I assume no responsibility to advise you of any subsequent
      changes or developments which might affect any aspect to this opinion.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 27pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">I
      hereby
      consent to the use of this opinion as an exhibit to the Registration
      Statement.&#160;&#160;This opinion may not be used, relied upon, circulated,
      quoted or otherwise referenced in whole or in part for any purpose without
      my
      written consent.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">Sincerely,</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="TEXT-DECORATION: underline"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">/s/
      Michael Golightly</font></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">Michael
      Golightly</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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          <hr style="COLOR: lightgrey" noshade size="2">
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          <tr>
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      A</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 27pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">LETTERHEAD
      OF</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">De
      Joya
      Griffith &amp; Company, LLC</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">CERTIFIED
      PUBLIC ACCOUNTANTS AND CONSULTANTS</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">2580
      Anthem Village Drive</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">Henderson,
      Nevada 89052</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 27pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">CONSENT
      OF INDEPENDENT
      REGISTERED</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 27pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">PUBLIC
      ACCOUNTING
      FIRM</font></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 27pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">To
      the
      Board of Directors and Shareholders of</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 27pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">Nexia
      Holdings, Inc.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 27pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">Salt
      Lake
      City, Utah</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 27pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">We
      hereby
      consent to the incorporation by reference in this Registration Statement of
      Nexia Holdings, Inc. on Form S-8, of our report dated March 21, 2007, (which
      includes an emphasis paragraph relating to an uncertainty as to the Company<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">'</font>s ability
      to
      continue as a going concern), included in and incorporated by reference in
      the
      Annual Report on Form 10-KSB of Nexia Holdings, Inc. for the year ended December
      31, 2006 and to all references to our firm included in this Registration
      Statement.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 27pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">/s/
      De Joya Griffith &amp; Company, LLC</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 27pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">De
      Joya
      Griffith &amp; Company, LLC</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 27pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">Henderson,
      Nevada</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 27pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">February
      8, 2008</font></div>
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forms8.htm
SECURITIES
          AND EXCHANGE
          COMMISSION
Washington,
          D.C.
          20549
FORM
      S-8
REGISTRATION
      STATEMENT
UNDER
THE
      SECURITIES ACT OF
      1933
NEXIA
      HOLDINGS, INC.
(Exact
      name of registrant as specified in its charter)
Nevada
84-1062062
(State
      or other
      jurisdiction
      of
(I.R.S. Employer Identification
      No.)
incorporation
      or organization)
59
      West 100 South, Second
      Floor, Salt Lake City, Utah 84101
(Address
      of principal executive offices)
The
      Amended 2008 Benefit
      Plan of Nexia Holdings, Inc.
(Full title of the plan)
Richard
      D. Surber, 59 West
      100 South, Second Floor, Salt Lake City, Utah 84101
(Name, address, including zip code, of agent for service)
Telephone number for Issuer:
(801)
      575-8073
CALCULATION OF
      REGISTRATION FEE
Title
                of Securities to be Registered
Amounts
                to be Registered
Proposed
                Maximum Offering Price Per Share(1)
Proposed
                Maximum Aggregate Offering Price
Amount
                of Registration Fee
Common
                Stock, 0.0001 par value
200,000,000
$0.0006
$120,000
$15.21
(1)
Bona
                fide estimate of maximum offering price solely for calculating the
                registration fee pursuant to Rule 457(h) of the Securities Act of
                1933,
                based on the average bid and asked price of the registrant
=
s
                common stock as of February 7, 2008, a date within five business
                days
                prior to the date of filing of this registration statement.
In
      addition, pursuant to Rule 416(c) under the Securities Act of 1933, this
      Registration Statement also covers an indeterminate amount of interests to
      be
      offered or sold pursuant to the Plan described herein.
Registration
      Statement Pursuant to General Instruction E to form S-8
2008
      Benefit Plan of Nexia Holdings, Inc.
This
      Registration Statement is being
      filed pursuant to General Instruction E to Form S-8, to reflect that the Board
      of Directors of Nexia Holdings, Inc. (the
"
Company")
      has
      amended The 2008 Benefit Plan of Nexia Holdings, Inc. as originally filed by
      the
      Company in a Form S-8 filed on October 12, 2007, SEC file no. 333-146693, which
      is incorporated herein by reference.  This Registration statement will
      increase the number of shares to be included in the plan by Two Hundred Million
      (200,000,000) shares of the common stock of the Company.
The
      200,000,000 shares registered hereunder increases the total number of shares
      registered under The 2008 Benefit Plan of Nexia Holdings, Inc. to
      350,000,000.
The
      amendment to the 2008 Benefit Plan of Nexia Holdings, Inc. is filed as
      Exhibit
"
A"
      hereto.  The additional Two Hundred Million (200,000,000) shares are
      being registered hereby.
The
      total
      number of shares registered under the 2008 Benefit Plan of Nexia Holdings,
      Inc.
      will be 350,000,000.
ITEM
      8-Exhibits
Exhibits
SEC
                Ref. No.
Description
                of Exhibit
Page
A
4
Amendment
                to 2008 Stock Benefit Plan of the Company
5
B
5,
                23(b)
Opinion
                and consent of Counsel with respect to the legality of the issuance
                of
                securities being issued
8
C
23(a)
Consents
                of Accountants
10
SIGNATURES
Pursuant
      to the requirements of the Securities Act, the registrant certifies that it
      has
      reasonable grounds to believe that it meets all of the requirements for filing
      on Form S-8 and has duly caused this Registration Statement to be signed on
      its
      behalf by the undersigned, thereunto duly authorized, on February 8,
      2008.
Nexia
      Holdings, Inc.
By:
/s/
      Richard
      Surber.
Richard
      D. Surber, as President
Pursuant
      to the requirements of the Securities Act of 1933, this Registration Statement
      has been signed by the following persons in the capacities and on the date
      indicated.
2
Signature
Title
Date
/s/Richard
                Surber
Director
February
                8, 2008
Richard
      D. Surber
/s/Gerald
                Einhorn
Director
February
                8, 2008
Gerald
      Einhorn
/s/Adrienne
                Bernstein
Director
February
                8, 2008
Adrienne
      Bernstein
3
SECURITIES
      AND EXCHANGE COMMISSION
Washington,
      D.C.  20549
EXHIBITS
FORM
      S-8
REGISTRATION
      STATEMENT
UNDER
THE
      SECURITIES ACT OF
      1933
Nexia
      Holdings,
      Inc.
(a
      Nevada
      corporation)
INDEX
      TO EXHIBITS
Exhibits
SEC
                Ref. No.
Description
                of Exhibit
Page
A
4
Amendment
                to 2008 Stock Benefit Plan of the Company
5
B
5,
                23(b)
Opinion
                and consent of Counsel with respect to the legality of the issuance
                of
                securities being issued
8
C
23(a)
Consents
                of Accountants
10
4
THE
      AMENDED 2008 BENEFIT PLAN
OF
NEXIA
      HOLDINGS, INC.
THE
      AMENDED 2008 BENEFIT PLAN OF NEXIA HOLDINGS, INC.
Nexia
      Holdings, Inc., a Nevada corporation (the
A
Company
@
),
      hereby adopts The Amended 2008 Benefit Plan of Nexia Holdings, Inc. (the
A
Plan
@
)
      this 8
th
day of
      February, 2008.  Under the Plan, the Company may issue stock, or grant
      options to acquire the Company's common stock, par value $0.0001 (the
A
Stock
@
),
      from time to time to employees of the Company or its subsidiaries, all on the
      terms and conditions set forth herein (
A
Benefits
@
).  In
      addition, at the discretion of the Board of Directors, Benefits may from time
      to
      time be granted under this Plan to other individuals, including consultants
      or
      advisors, who contribute to the success of the Company or its subsidiaries,
      but
      are not employees of the Company or its subsidiaries, provided that bona fide
      services shall be rendered by consultants and advisors and such services must
      not be in connection with the offer or sale of securities in a capital-raising
      transaction. No stock may be issued, or option granted under the benefit plan
      to
      consultants, advisors, or other persons who directly or indirectly promote
      or
      maintain a market for the Company
=
s
      securities.
1.
Purpose
      of the Plan
.
      The Plan is intended to aid the Company in maintaining and developing a
      management team, attracting qualified officers and employees capable of assuring
      the future success of the Company, and rewarding those individuals who have
      contributed to the success of the Company.  The Company has designed
      this Plan to aid it in retaining the services of executives and employees and
      in
      attracting new personnel when needed for future operations and growth and to
      provide such personnel with an incentive to remain employees of the Company,
      to
      use their best efforts to promote the success of the Company's business, and
      to
      provide them with an opportunity to obtain or increase a proprietary interest
      in
      the Company.  It is also designed to permit the Company to reward
      those individuals who are not employees of the Company, but who management
      perceives to have contributed to the success of the Company or who are important
      to the continued business and operations of the Company.  The above
      goals will be achieved through the granting of Benefits.
2.
Administration
      of this
      Plan
.  Administration of this Plan shall be determined by the
      Company's Board of Directors (the
A
Board
@
).  Subject
      to compliance with applicable provisions of the governing law, the Board may
      delegate administration of this Plan or specific administrative duties with
      respect to this Plan on such terms and to such committees of the Board as it
      deems proper (hereinafter the Board or its authorized committee shall be
      referred to as
A
Plan
      Administrators
@
).  The
      interpretation and construction of the terms of this Plan by the Plan
      Administrators thereof shall be final and binding on all participants in this
      Plan absent a showing of demonstrable error.  No member of the Plan
      Administrators shall be liable for any action taken or determination made in
      good faith with respect to this Plan.  Any Benefit approved by a
      majority vote of those Plan Administrators attending a duly and properly held
      meeting shall be valid.  Any Benefit approved by the Plan
      Administrators shall be approved as specified by the Board at the time of
      delegation.
3.
Shares
      of Stock Subject to
      this Plan
.   A total of Three Hundred Fifty Million
      (350,000,000) shares of Stock may be subject to, or issued pursuant to, Benefits
      granted under this Plan.  If any right to acquire Stock granted under
      this Plan is exercised by the delivery of shares of Stock or the relinquishment
      of rights to shares of Stock, only the net shares of Stock issued (the shares
      of
      stock issued less the shares of Stock surrendered) shall count against the
      total
      number of shares reserved for issuance under the terms of this Plan.
4.
Reservation
      of Stock on
      Granting of Option
.  At the time any Option is granted under
      the terms of this Plan, the Company will reserve for issuance the number of
      shares of Stock subject to such Option until it is exercised or
      expires.  The Company may reserve either authorized, but unissued
      shares or issued shares reacquired by the Company.
5.
Eligibility
.  The
      Plan Administrators may grant Benefits to employees, officers, and directors
      of
      the Company and its subsidiaries, as may be existing from time to time, and
      to
      other individuals who are not employees of the Company or its subsidiaries,
      including consultants and advisors, provided that such consultants and advisors
      render bona fide services to the Company or its subsidiaries and such services
      are not rendered in connection with the offer or sale of securities in a
      capital-raising transaction.  In any case, the Plan Administrators
      shall determine, based on the foregoing limitations and the Company
=
s
      best interests, which employees, officers, directors, consultants and advisors
      are eligible to participate in this Plan.  Benefits shall be in the
      amounts, and shall have the rights and be subject to the restrictions, as may
      be
      determined by the Plan Administrators, all as may be within the provisions
      of
      this Plan.
5
6.
Term
      of Options issued as
      Benefits and Certain Limitations on Right to Exercise.
a.Each
      Option issued as a benefit hereunder (
A
Option
@
)
      shall have its term established by the Plan Administrators at the time the
      Option is granted.
b.The
      term of the Option, once it is granted, may be reduced only as provided for
      in
      this Plan and under the express written provisions of the Option.
c.Unless
      otherwise specifically provided by the written provisions of the Option or
      required by applicable disclosure or other legal requirements promulgated by
      the
      Securities and Exchange Commission (
A
SEC
@
),
      no participant of this Plan or his or her legal representative, legatee, or
      distributee will be, or shall be deemed to be, a holder of any shares subject
      to
      an Option unless and until such participant exercises his or her right to
      acquire all or a portion of the Stock subject to the Option and delivers the
      required consideration to the Company in accordance with the terms of this
      Plan
      and then only as to the number of shares of Stock acquired.  Except as
      specifically provided in this Plan or as otherwise specifically provided by
      the
      written provisions of the Option, no adjustment to the exercise price or the
      number of shares of Stock subject to the Option shall be made for dividends
      or
      other rights for which the record date is prior to the date on which the Stock
      subject to the Option is acquired by the holder.
d.Options
      shall vest and become exercisable at such time or times and on such terms as
      the
      Plan Administrators may determine at the time of the grant of the Option.
e.Options
      may contain such other provisions, including further lawful restrictions on
      the
      vesting and exercise of the Options as the Plan Administrators may deem
      advisable.
f.In
      no
      event may an Option be exercised after the expiration of its term.
g.Options
      shall be non-transferable, except by the laws of descent and
      distribution.
7.
Exercise
      Price
.   The Plan Administrators shall establish the
      exercise price payable to the Company for shares to be obtained pursuant to
      Options, which exercise price may be amended from time to time as the Plan
      Administrators shall determine.
8.
Payment
      of Exercise
      Price
.  The exercise of any Option shall be contingent on
      receipt by the Company of the exercise price paid in either cash, certified
      or
      personal check payable to the Company.
9.
Withholding
.  If
      the grant of a Benefit hereunder, or exercise of an Option given as a Benefit
      is
      subject to withholding or other trust fund payment requirements of the Internal
      Revenue Code of 1986, as amended (the
A
Code
@
),
      or applicable state or local laws, the Company will initially pay the
      Optionee
=
s
      liability and will be reimbursed by Optionee no later than six months after
      such
      liability arises and Optionee hereby agrees to such reimbursement
      terms.
6
10.
Dilution
      or Other
      Adjustment.
The shares of Common Stock subject to this Plan
      and the exercise price of outstanding Options are subject to proportionate
      adjustment in the event of a stock dividend on the Common Stock or a change
      in
      the number of issued and outstanding shares of Common Stock as a result of
      a
      stock split, consolidation, or other recapitalization.  The Company,
      at its option, may adjust the Options, issue replacements, or declare Options
      void.
11.
Benefits
      to Foreign
      Nationals
.   The Plan Administrators may, in order to
      fulfill the purpose of this Plan and without amending this Plan, grant Benefits
      to foreign nationals or individuals residing in foreign countries that contain
      provisions, restrictions, and limitations different from those set forth in
      this
      Plan and the Benefits made to United States residents in order to recognize
      differences among the countries in law, tax policy, and custom.  Such
      grants shall be made in an attempt to give such individuals essentially the
      same
      benefits as contemplated by a grant to United States residents under the terms
      of this Plan.
12.
Listing
      and Registration of
      Shares
.   Each Option shall be subject to the requirement
      that if at any time the Plan Administrators shall determine, in their sole
      discretion, that it is necessary or desirable to list, register, or qualify
      the
      shares covered thereby on any securities exchange or under any state or federal
      law, or obtain the consent or approval of any governmental agency or regulatory
      body as a condition of, or in connection with, the granting of such Option
      or
      the issuance or purchase of shares thereunder, such Option may not be exercised
      in whole or in part unless and until such listing, registration, consent, or
      approval shall have been effected or obtained free of any conditions not
      acceptable to the Plan Administrators.
13.
Expiration
      and Termination
      of this Plan
.  This Plan may be abandoned or terminated at any
      time by the Plan Administrators except with respect to any Options then
      outstanding under this Plan.  This Plan shall otherwise terminate on
      the earlier of the date that is five years from the date first appearing in
      this
      Plan or the date on which the Three Hundred Fifty Millionth share is issued
      hereunder.
14.
Amendment
      of this
      Plan
.   This Plan may not be amended more than once during
      any six month period, other than to comport with changes in the Code or the
      Employee Retirement Income Security Act or the rules and regulations promulgated
      thereunder.  The Plan Administrators may modify and amend this Plan in
      any respect.
ATTEST:
/s/
      Richard Surber.
Richard
      D. Surber, President
7
MICHAEL
      GOLIGHTLY
59
      West
      100 South
Second
      Floor
Telephone: (801) 575-8073 ext 105
Attorney
      at
      Law
Salt Lake City, Utah
      84101
Facsimile:
      (801) 575-8092
Admitted
      in Texas
      and Utah
February
      8, 2008
Board
      of
      Directors
Nexia
      Holdings, Inc.
59
      West
      100 South, Second Floor
Salt
      Lake
      City, Utah 84101
Re:
Legality
                and Authorization of Shares Issued Under Form S-8 Registration Statement
Gentlemen:
I
      have
      acted as special counsel for Nexia Holdings, Inc., a Nevada corporation (the
A
Company
@
),
      in the limited capacity of rendering an opinion regarding the legality and
      authorization of the shares proposed to be registered under a registration
      statement on Form S-8 (the
A
Registration
      Statement
@
)
      to be filed with the Securities and Exchange Commission (
A
the
      Commission
@
)
      under the Securities Act of 1933, as amended, (
A
the
      Act
@
).  The
      Company is registering an Amended Benefit Plan entitled
A
The
      Amended 2008 Benefit Plan of Nexia Holdings, Inc.
@
(the
A
Benefit
      Plan
@
)
      pursuant to which the Company has authorized the issuance of an additional
      Two
      Hundred Million (200,000,000) shares of the Company's common stock in addition
      to the original authorization of One Hundred Fifty Million (150,000,000) shares
      of the Company
=
s
      common stock, par value $.0001 (the
A
Shares
@
).  All
      numbers herein reflect the effect of the 1 for 100 reverse stock split that
      was
      effective as of December 13, 2007.
In
      connection with the preparation of this Opinion, I have examined the
      following:
1.
      The
      Company
=
s
      Articles of Incorporation and amendments thereto and Bylaws as submitted to
      me by the Company pursuant to my request for same;
2. The
      Registration Statement herein referenced;
3. The
      Board of Director's Resolution, dated February 8, 2008, authorizing and
      approving the Company
=
s
      Amended 2008 Benefit Plan and the preparation of the Registration
      Statement;
4. The
      Company
=
s
      Section 10(a) Prospectus for the Registration Statement;
5. The
      Company
=
s
      Form 10-KSB for the fiscal year ended December 31, 2006;
6. The
      Company's Form 10-QSBs for the quarters ended March 31, 2007, June 30, 2007
      and September 30, 2007;
7.  Such
      other documents as I have deemed necessary for the purposes of this
      Opinion.
Additionally,
      I have made such investigations of federal law as I have considered necessary
      and appropriate to form a basis for this opinion.  My opinion is
      qualified by the scope of the review specified herein and I make no
      representations as to the sufficiency of my investigation for this
      opinion.  I further expressly exempt from this opinion any
      representations as to the completeness, adequacy, accuracy or any other aspect
      of the financial statements incorporated in the Registration Statement.
The
      documentation and representations provided to me for this opinion by the Company
      and its duly authorized representatives indicate that the Company is validly
      organized under the laws of the State of Nevada; the Company is current in
      its
      filings with the Commission; the Company
=
s
      Board of Directors has authorized the Benefit Plan; the Company
=
s
      Board of Directors has authorized the filing of the Registration Statement;
      and
      that the Two Hundred Million  (200,000,000) new shares to be included
      in the Registration Statement are available for issuance based upon corporate
      documentation and on the amount of shares actually issued and
      outstanding.   As such, I am of the opinion that the Shares
      herein referenced have been duly and validly authorized and that subject to
      compliance with all provision of the Plan, the Shares will be validly issued
      as
      fully paid and non-assessable shares of common stock in the Company.
8
This
      opinion is based upon and subject to the qualifications and limitations
      specified below:
(A)
      Certain of the remedial provisions of the 2008 Benefit Plan may be further
      limited or rendered unenforceable by other applicable laws and
      interpretations.
(B)
      In
      rendering the opinion that the shares of the Common Stock to be registered
      pursuant to the Registration Statement and issued under the Benefit Plan will
      be
      validly issued, fully paid and non-assessable, I assumed that: (1) the
      Company
=
s
      Board of Directors has exercised good faith in establishing the value paid
      for
      the Shares; (2) all issuances and cancellations of the capital stock of the
      Company will be fully and accurately reflected in the Company
=
s
      Stock Records as provided by the Company
=
s
      transfer agent; and (3) the consideration, as determined by the Company
=
s
      Board of Directors, to be received in exchange for each issuance of common
      stock
      of the Company, has been paid in full and actually received by the
      Company.
(C)
      I
      have made no independent verification of the facts asserted to be true and
      accurate by authorized representatives of the Company and have assumed that
      no
      person or entity has engaged in fraud or misrepresentation regarding the
      inducement relating to, or the execution or delivery of, the documents
      reviewed.
(D)
      In
      rendering this opinion I have assumed that all signatures are genuine, that
      all
      documents submitted to me as copies conform substantially to the originals,
      that
      all documents have been duly executed on or as of the date represented on the
      documents, that execution and delivery of the documents was duly authorized
      on
      the part of the parties, that all documents are legal, valid and binding on
      the
      parties and that all corporate records are complete.
(E)
      I
      have assumed that the Company is satisfying the substantive requirements of
      Form
      S-8 and I expressly disclaim any opinion regarding the Company
=
s
      compliance with such requirements, whether they are of federal or state origin,
      or any opinion as to the subsequent tradeability of any Shares issued pursuant
      to the Benefit Plan.
(F)
      I am
      admitted to practice law in the States of Utah and Texas.  I am not
      admitted to practice law in the State of Nevada or in any other jurisdiction
      where the Company may own property or transact business.  This opinion
      is with respect to federal law only and I have not consulted legal counsel
      from
      any other jurisdiction for the purpose of the opinion contained
      herein.  I expressly except from this opinion any opinion as to
      whether or to what extent a Nevada court or any other court would apply Nevada
      law, or the law of any other state or jurisdiction, to any particular aspect
      of
      the facts, circumstances and transactions that are the subject of this
      opinion.
(G)
      This
      opinion is strictly limited to the parameters contained and referenced herein
      and is valid only as to the signature date with respect to the
      same.  I assume no responsibility to advise you of any subsequent
      changes or developments which might affect any aspect to this opinion.
I
      hereby
      consent to the use of this opinion as an exhibit to the Registration
      Statement.  This opinion may not be used, relied upon, circulated,
      quoted or otherwise referenced in whole or in part for any purpose without
      my
      written consent.
Sincerely,
/s/
      Michael Golightly
Michael
      Golightly
9
Exhibit
      A
LETTERHEAD
      OF
De
      Joya
      Griffith & Company, LLC
CERTIFIED
      PUBLIC ACCOUNTANTS AND CONSULTANTS
2580
      Anthem Village Drive
Henderson,
      Nevada 89052
CONSENT
      OF INDEPENDENT
      REGISTERED
PUBLIC
      ACCOUNTING
      FIRM
To
      the
      Board of Directors and Shareholders of
Nexia
      Holdings, Inc.
Salt
      Lake
      City, Utah
We
      hereby
      consent to the incorporation by reference in this Registration Statement of
      Nexia Holdings, Inc. on Form S-8, of our report dated March 21, 2007, (which
      includes an emphasis paragraph relating to an uncertainty as to the Company
'
s ability
      to
      continue as a going concern), included in and incorporated by reference in
      the
      Annual Report on Form 10-KSB of Nexia Holdings, Inc. for the year ended December
      31, 2006 and to all references to our firm included in this Registration
      Statement.
/s/
      De Joya Griffith & Company, LLC
De
      Joya
      Griffith & Company, LLC
Henderson,
      Nevada
February
      8, 2008
10