Common use of Grant of Option; Consideration Clause in Contracts

Grant of Option; Consideration. The Company hereby grants, pursuant to Article VI of the Harvest Natural Resources 2006 Long Term Incentive Plan (the “Plan”), to the Optionee on «Grant_Date», of a nonqualified stock option to purchase up to «Option_Amount» shares of the Company’s Common Stock, par value $0.01 per share (the “Shares”), at an exercise price of «Option_Price» per share (the “Option”). The Option granted hereunder is not intended to constitute an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended. The terms of the Option are subject to adjustment in certain circumstances, as provided in the Plan. The Optionee shall be required to pay no consideration for the grant of the Option, except for his agreement to serve as a Non-Employee Director, Employee or Consultant of the Company or any Subsidiary and other agreements set forth herein.

Grant of Option; Consideration. The Company hereby grantsconfirms the grant, pursuant to Article VI 6 of the Harvest Natural Resources 2006 2004 Long Term Incentive Plan (the “"Plan”"), to the Optionee on «Grant_Date»on_____________, of a nonqualified stock option to purchase up to «Option_Amount» ____________________ shares of the Company’s 's Common Stock, par value $0.01 per share (the “"Shares”"), at an exercise price of «Option_Price» _____________ per share (the “"Option”"). The Option granted hereunder is not intended to constitute an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended. The terms of the Option are subject to adjustment in certain circumstances, as provided in the Plan. The Optionee shall be required to pay no consideration for the grant of the Option, except for his agreement to serve as a Non-Employee Director, Employee or Consultant of the Company or any Subsidiary and other agreements set forth herein.

Grant of Option; Consideration. The Company hereby grantshas granted, pursuant to Article VI V of the Harvest Natural Resources 2006 2010 Long Term Incentive Plan (the “Plan”), to the Optionee on «Grant_Date», of a nonqualified stock option to purchase up to «Option_Amount» shares of the Company’s Common Stock, par value $0.01 per share (the “Shares”), at an exercise price of «Option_Price» per share (the “Option”), subject to the terms of this Agreement and the Plan. The Option granted hereunder is not intended to constitute an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended. The terms of the Option are subject to adjustment in certain circumstances, as provided in the Plan. The Optionee shall not be required to pay no any consideration for the grant of the Option, except for his agreement to serve as a Non-Employee Director, Employee or Consultant of the Company or any Subsidiary Affiliate and other agreements set forth herein.