0001193125-08-178386 Sample Contracts

BASELINE OIL & GAS CORP. STOCK OPTION AGREEMENT
Stock Option Agreement • August 14th, 2008 • Baseline Oil & Gas Corp. • Crude petroleum & natural gas

This Stock Option Agreement (this “Agreement”) is effective as of June 19, 2008 (the “Option Grant Date”) by and between Baseline Oil & Gas Corp., a Nevada corporation having its principal place of business at 411 North Sam Houston Parkway East, Suite 300, Houston, Texas 77060 (the “Company”), and Thomas R. Kaetzer, an individual residing in the State of Texas (the “Optionee”). The Optionee and the Company hereby agree as follows:

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