0001144204-08-048879 Sample Contracts

GRANTEE: AWARD NO. 2008- DATE OF GRANT: NUMBER OF RSUs:
Restricted Stock Unit Agreement • August 20th, 2008 • Zulu Energy Corp. • Crude petroleum & natural gas • Colorado

This RESTRICTED STOCK UNIT AGREEMENT, effective as of ____________, 2008 (the “Effective Date”), is entered into by and among ZULU ENERGY CORP., a Colorado corporation (together with its successors and assigns, the “Company”), and _________ (“Grantee”).

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OPTION HOLDER: AWARD NO. 2008- DATE OF GRANT: NUMBER OF SHARES: EXERCISE PRICE:
Non-Incentive Stock Option Agreement • August 20th, 2008 • Zulu Energy Corp. • Crude petroleum & natural gas • Colorado

This NON-INCENTIVE STOCK OPTION AGREEMENT (this "Agreement"), effective as of ________, 2008 (the "Grant Date"), is entered into by and among ZULU ENERGY CORP., a Colorado corporation (together with its successors and assigns, the "Company"), and ___________ (the "Option Holder").

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