Terms of the Option. In order to maintain the Option in good standing and earn a 100% right, title and undivided interest in and to the Property, the Optionee, subject to paragraph 1, shall: (a) pay to the Optionor $5,000 upon regulatory approval; (b) pay to the Optionor a further $5,000 on or before the date which is 12 months from the date of regulatory approval; (c) pay to the Optionor a further $5,000 on or before the date which is 24 months from the date of regulatory approval; (d) pay to the Optionor a further $5,000 on or before the date which is 36 months from the date of regulatory approval; (e) pay to the Optionor a further $10,000 on or before the date which is 48 months from the date of regulatory approval; (f) issue to the Optionor 30,000 common shares of the Optionee on or before the fifth business day following regulatory approval, regulatory approval must be sought within five (5) business days of signing this Agreement; (g) issue to the Optionor a further 30,000 common shares of the Optionee on the date which is 12 months following the date of regulatory approval (h) issue to the Optionor a further 30,000 common shares of the Optionee on the date which is 24 months following the date of regulatory approval; (i) issue to the Optionor a further 30,000 common shares of the Optionee on the date which is 36 months following the date of regulatory approval; (j) issue to the Optionor a further 30,000 common shares of the Optionee on the date which is 48 months following the date of regulatory approval; (k) incur $10,000 in exploration expenses on the Property on or before the date which is 12 months from the date of regulatory approval; (l) incur at least an aggregate of $20,000 in exploration expenses on the Property on or before the date which is 24 months from the date of regulatory approval; (m) incur at least an aggregate of $40,000 in exploration expenses on the Property on or before the date which is 36 months from the date of regulatory approval; and (n) incur at least an aggregate of $60,000 in exploration expenses on the Property on or before the date which is 48 months from the date of regulatory approval.

Terms of the Option. Name of the Optionee: [__________] Date of Grant: [__________] Designation: Nonstatutory Stock Options

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Terms of the Option. The Option is subject to all applicable provisions of the Plan and to the following terms and conditions:

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Terms of the Option. The OPTION shall be subject to the following terms and conditions:

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Terms of the Option. Unless otherwise required by law, any stock options granted to Executive in the future, shall have a term of ten years from the date of grant and shall become exercisable in increments of 1/3 on each of the first three anniversaries of the date of their grant. If Executive's employment with the Company terminates due to his death or a Termination due to Disability or for Good Reason (as defined below) or if there shall occur a Change in Control (as defined below) during the Employment Period, any options shall vest and become exercisable under the terms of the option plan. Except as otherwise provided in this Section 4, Executive's rights and obligations in respect of options shall be determined pursuant to the terms of an option agreement to be executed by Executive and the Company.

Terms of the Option. The Option shall survive the maturity and repayment of the Debenture. The Option shall entitle ABT to subscribe for what, at the time the Option is exercised (or, in the case of multiple exercises, the last exercise), and giving effect to the issuance of shares upon exercise of the Option, will be 20% of the outstanding voting shares of ABT/Nordic on the following terms: (a) ABT may exercise the Option at any time during the term of the License Agreement, in one or more installments, as to all or any portion of the shares that are subject to the Option when it is exercised, provided that no such installment shall be less than the lesser of (i) 5% of the outstanding voting shares of ABT/Nordic, or (ii) the entire remaining amount of ABT/Nordic shares which ABT may purchase through exercise of the Option. (b) The Option shall be exercised by written notice given to ABT/Nordic during the term of the License Agreement. Such notice shall specify the number of shares for which the Option is being exercised and a date and a time during normal business hours in Goteborg, Sweden (the "Subscription Time") for the consummation of ABT's purchase of ABT/Nordic shares through exercise of the Option. The specified Subscription Time shall not be later than 3:00 P.M. Goteborg time on the 30th day after the day on which the notice of exercise of the Option is given. (c) The class, series and type of shares issuable upon each exercise of the Option shall be (i) if the Option is exercised at a time when shares of ABT/Nordic are not quoted on a securities exchange or in another organized securities market, the class, series and type of voting shares then most recently issued to either (at ABT's option) Bilia or one or more Third Party Investors (as defined below) as part of the investment by such persons in ABT/Nordic, in one or more related transactions, of at least US$300,000 in the aggregate (the "Then Most Recent Financing"), or (ii) if the Option is exercised at a time when shares of ABT/Nordic are quoted on a securities exchange or in another organized securities market, the class, series and type of shares so quoted. (d) The exercise price to be paid for the shares issuable upon each exercise of the Option shall be (i) if the Option is exercised at a time when securities of ABT/Nordic are not quoted on a securities exchange or in another organized securities market, the price at which shares of such class, series and type were issued in the Then Most Recent Financing, o...

Terms of the Option. The OPTION shall be subject to the following terms and conditions: 2.1 The OPTION to purchase Fifty Thousand (50,000) shares of common stock of SHIPROCK shall be able to be exercised in all or in part. a. This Option Agreement cannot be executed until such time as the proposed reverse merger between a subsidiary of Shiprock, Inc and Duska Scientific, Inc. has been finalized. b. This OPTION is granted to OPTIONEE as a consideration for services rendered in connection with the proposed transaction between the OPTIONOR and Duska Scientific, Inc. All or a portion of this stock purchase option may be exercised by the OPTIONEE, by the delivery of a cashiers check or certified funds wired to the OPTIONOR. The net funds received by OPTIONOR will be divided by $1.00, up to $25,000 or $2.00 up to $50,000 depending on the date of exercise and this will represent the number of options being exercised by the OPTIONEE and this number of shares will be delivered to OPTIONEE, pursuant to the receipt of an Investment Letter, a Stock Subscription Agreement and the submission of a written Notice of Intent to Exercise an Option, attached hereto as Exhibit ”A”. All funds in the form of the initial deposit paid to the OPTIONOR by the OPTIONEE will be credited toward the exercise of the Option on the same basis of $1.00 or $2.00 per share depending on the exercise price. 2.2 The OPTION shall vest and thereby become exercisable subject to the events specified in Section 2.1 (a and b) above. 2.3 The OPTION may, subject to any limitations set forth in this Agreement, be exercised at any time and from time to time, subject to the terms, conditions and events specified in Section 2.1 (a and b) above. 2.4 The OPTION must be exercised, if at all, as to a whole number of shares. 2.5 The term of the OPTION will be for a period of Three Years (3) from the date of execution. 2.6 Prior to or after this OPTION has been exercised by the OPTIONOR and the shares of common stock underlying this OPTION or issued pursuant to exercise of the OPTION, shall at the sole discretion of the OPTIONOR be included in any subsequent registration statement filed by the OPTIONOR with the Securities Exchange Commission. 2.7 Any shares of Common Stock of SHIPROCK purchased pursuant to exercise of a portion of the OPTION from the OPTIONOR, shall not be subject to repurchase by the OPTIONOR or SHIPROCK. 2.8 The OPTION to purchase up to a total of Fifty Thousand (50,000) shares of common stock of SHIPROCK from the ...

Terms of the Option. Name of the Optionee: Xxxxx Xxxxxxx Date of Grant: March 31, 2011 Vesting Commencement Date: Closing of Company's Initial Public Offering __________ Designation: o Approved 102 Option: Capital Gain Option (CGO) x ;or ¨ Unapproved 102 Option þ 3(i) Option Number of Options granted: 19,000

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