TERRA ENERGY & RESOURCE TECHNOLOGIES, INC. STOCK OPTION CERTIFICATE Right to Purchase [__________] Shares of Common StockStock Option Agreement • October 5th, 2007 • Terra Energy & Resource Technologies, Inc. • Oil & gas field exploration services • New York
THIS CERTIFIES THAT, for value received, [______________] (the “Holder”) is entitled, upon the terms and subject to the conditions hereinafter set forth, at any time on or after [__________] and at or prior to the close of business on [___________________] (the “Expiration Date”), but not thereafter, to subscribe for and purchase from Terra Energy & Resource Technologies, Inc., a Delaware corporation (the “Company”), up to [__________] fully paid and nonassessable shares of the Company’s Common Stock, par value $0.0001 per share (the “Common Stock”) at the Exercise Price (as defined herein).
