TEXHOMA ENERGY, INC. OPTION AGREEMENTOption Agreement • September 11th, 2007 • Texhoma Energy Inc • Crude petroleum & natural gas • Texas
TEXHOMA ENERGY, INC. (the “Company”), for value received, hereby agrees to issue common stock purchase options entitling Valeska Energy Corp., or its assigns (“Holder” or “Option Holder”) to purchase an aggregate of 60,000,000 shares of the Company’s common stock (“Common Stock”). Such option is evidenced by an option certificate in the form attached hereto as Schedule 1 (such instrument being hereinafter referred to as an “Option,” and such Option and all instruments hereafter issued in replacement, substitution, combination or subdivision thereof being hereinafter collectively referred to as the “Option”). The Option is issued to Holder in consideration for services rendered to the Company in connection with a Management Services Agreement, and more specially, pursuant to the terms and conditions of the Second Amendment to Management Services Agreement, pursuant to which Holder has agreed to perform management services on the Company’s behalf. The number of shares of Common Stock pur
