FORM OF RSU AGREEMENT
Exhibit 10.7.1
FORM OF RSU
AGREEMENT
STORM CAT ENERGY CORPORATION
RESTRICTED SHARE UNIT PLAN — RSU
AGREEMENT
This RSU Agreement is entered into between Storm Cat
Energy Corporation (the “Company”) and the
Eligible Person named below, pursuant to
the Company’s Restricted Share Unit Plan (the “Plan”), a copy of
which is attached hereto, and confirms that:
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1. on ____________________ (the “Grant Date”);
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2. ____________________________(the “Eligible Person”);
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3. was granted _________________ Restricted Share
Units (the “RSUs”), in accordance with the terms of the
Plan;
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4. the RSUs will vest as
follows:
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Number
of RSUs
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Vesting
On
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all on the terms and subject to the conditions set out in the Plan.
By signing this
agreement, the Participant:
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(a) acknowledges that he or she has read and
understands the Plan, agrees with the terms and conditions thereof which
shall be deemed to be incorporated into and form part of this RSU
Agreement (subject to any specific
variations contained in this RSU
Agreement);
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(b) acknowledges that he or she will be solely
responsible for paying any applicable withholding taxes arising from the
grant or vesting of any RSU, as
provided in Section 4.10 of the
Plan;
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(c) where allowed by applicable legislation, agrees to
assume any employer’s social security contributions due upon the grant
or vesting of any RSU;
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(d) agrees that an RSU does not carry any voting
rights;
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(e) acknowledges that the value of the RSUs granted
herein is in C$ denomination, and such value is not
guaranteed;
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(f) recognises that the value of an RSU upon delivery is subject
to stock market fluctuations;
and
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(g) recognises that, at the sole discretion of the
Company, the Plan can be administered by a designee of the Company by
virtue of paragraph 3.2(h) and any
communication from or to the designee shall be deemed to be from or to the
Company.
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IN WITNESS WHEREOF the Company and the Eligible Person
have executed this RSU Agreement as of __________________.
STORM CAT ENERGY CORPORATION
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By:
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Name:
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Title:
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By:
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Name:
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Title:
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Name of Eligible Person
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Signature of Eligible
Person
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Note to Plan Participants
This Agreement must be signed where indicated and
returned to the Company within 30
days of receipt.
Failure to acknowledge acceptance of this grant will
result in the cancellation of your RSUs.
