BPZ Energy, Inc. Tax-Qualified Stock Option AgreementTax-Qualified Stock Option Agreement • July 6th, 2006 • BPZ Energy Inc • Crude petroleum & natural gas • Texas
This Tax-Qualified Stock Option Agreement (the “Agreement”) is entered into and made as of (the “Date of Grant”), between BPZ Energy, Inc., a Colorado corporation, including, without limitation, any of its affiliated entities (the “Company”), and (the “Optionee”). The Optionee currently serves as the of the Company and the Company desires, pursuant to its 2005 Long-Term Incentive Compensation Plan (the “Plan”), to afford an incentive to the Optionee by granting an option to purchase shares of Company’s common stock, no par value (the “Common Stock”).
