**Exhibit      10.25**

**DEEP      WELL OIL & GAS, INC.**

**NON-QUALIFIED      STOCK OPTION AGREEMENT**

**NON-QUALIFIED      STOCK OPTION AGREEMENT**
*Agreement*
**Deep      Well Oil & Gas, Inc.**
*Corporation*

| 1.                                                                                                                                                                                                                                                                                                        | Grant                  of Option                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
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|                                                                                                                                                                                                                                                                                                      | The                  Corporation hereby grants Optionee the option (the “Option”) to purchase                  all or any part of an aggregate of 375,000 shares (the “Shares”) of Common                  Stock of the Corporation at the exercise price of $0.71 per share                  according to the terms and conditions set forth in this Agreement                  and in                  the Deep Well Oil & Gas, Inc. November 28, 2005 Stock Option Plan (the                  “Plan”). The Option will not be treated as an incentive stock option                  within the meaning of Section 422 of the Internal Revenue Code of                  1986, as amended (the “Code”). The Option is issued under the Plan and is                  subject to its terms and conditions. A copy of the Plan will be                  furnished                  upon request of Optionee.                                                           |
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|                                                                                                                                                                                                                                                                                                      | The                  Option shall terminate at the close of business five years from                  the date                  hereof (the “Option Termination Date”).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
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| 2.                                                                                                                                                                                                                                                                                                        | Vesting                  of Option Rights; Transferability                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
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| (A)                                                                                                                                                                                                                                                                                                       | This                  Option shall be exercisable, in whole or in part, according to                  the                  following vesting schedule:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
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|                                                                                                                                                                                                                                                                                                      | (i)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | 175,000                  Shares immediately, |
|                                                                                                                                                                                                                                                                                                      | (ii)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | 100,000                  Shares on February 6, 2006, |
|                                                                                                                                                                                                                                                                                                      | (iii)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | 100,000                  Shares on February 6, 2007, |
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| subject                  to Optionee’s continuing to provide services to the Corporation or any                  Subsidiary as an employee, director or consultant, as the case                  may be,                  during the immediate annual period preceding such                  dates. |
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| (B)                                                                                                                                                                                                                                                                                                       | During                  the lifetime of Optionee, the Option shall be exercisable only                  by Optionee                  and shall not be assignable or transferable by Optionee, other                  than by                  will or the laws of descent and distribution. Notwithstanding the                  foregoing, until such time as the Corporation inter-lists on an                  exchange                  in Canada, and with the prior written consent of the Corporation,                  Optionee                  may transfer the Option to any to a member of the immediate family                  of such                  Optionee or to a trust, partnership, limited partnership, limited                  liability company or other entity formed exclusively for the benefit                  of                  such Optionee or members of the immediate family of such Optionee                  (“Family                  Member”), provided, however, that |
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|                                                                                                                                                                                                                                                                                                      | (i)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | Optionee                  may not receive any consideration for such transfer, |
|                                                                                                                                                                                                                                                                                                      | (ii)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | the                  Family Member must agree in writing not to make any subsequent                  transfers                  of the Option other than by will or the laws of the descent and                  distribution and |
|                                                                                                                                                                                                                                                                                                      | (iii)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | the                  Corporation receives prior written notice of such                  transfer. |

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| 3.     | Exercise                  of Option after Death or Termination of Services or                  Employment                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
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|   | Except                  as otherwise determined by the Board:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
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| (A)    | In                  the event that an Optionee ceases to provide services to the Corporation                  as a result of termination for cause (as such term is defined at                  common                  law), each of the Options held by the Optionee shall cease to be                  exercisable after the date of termination of employment or services                  as a                  director or consultant.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
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| (B)    | In                  the event that an Optionee ceases to provide services to the Corporation                  for any reason other than termination for cause or death, any vested                  Option held by Optionee may continue to be exercised by the Optionee                  to                  and until the earlier of:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
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|   | (i)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | the                  applicable expiration of the Option Period in respect of such Option;                  and |
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|   | (ii)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | the                  period after the date on which Optionee ceases to provide services                  to the                  Corporation that is permitted by the applicable laws, policies,                  rules and                  regulations of any stock exchange upon which the Underlying Shares                  are                  then listed, posted and/or quoted for trading; |
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| (C)    | In                  the event of death, the heirs, administrators or legal representatives                  of                  a Optionee, or any person or persons to whom the Option is transferred                  by                  will or the applicable laws of descent, may exercise the Optionee's                  Options within twelve months after the date of the Optionee's death                  to the                  extent such Options were by their terms exercisable prior to his                  death or                  within the period of twelve months following his death; but for                  greater                  certainty no Option shall be exercisable after its stated termination                  date. In the event that the heirs, administrators or legal representative                  of an Optionee who has died, or any person or persons to whom the                  Option                  is transferred by will or the applicable laws of descent, exercises                  the                  Optionee's Option in accordance with the terms of the Plan, the                  Corporation shall have no obligation to issue the Common Shares                  until                  evidence satisfactory to the Corporation has been provided by such                  persons                  that persons are entitled to acquire the Common Shares under the                  Plan. |
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| (D)    | Notwithstanding                  the above, in no case may the Option be exercised to any extent                  by anyone                  after the Option Termination Date.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |

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| 4.     | Method                  of Exercise of Option                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
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|   | Subject                  to the foregoing, the Option may be exercised in whole or in part                  from                  time to time by serving written notice of exercise on the Corporation                  at                  its principal office within the Option period. The notice shall                  state the                  number of Shares as to which the Option is being exercised and                  shall be                  accompanied by payment of the exercise price. Payment of the exercise                  price shall be made;                                                                                                                                              |
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| (A)    | in                  cash (including bank check, personal check or money order payable                  to the                  Corporation),                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
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| (B)    | with                  the approval of the Corporation (which may be given in its sole                  discretion), by delivering to the Corporation for cancellation                  shares of                  the Corporation’s Common Stock already owned by Optionee having a Fair                  Market Value (as defined in the Plan) equal to the full exercise                  price of                  the Shares being acquired,                                                                                                                                                                                                                                                                      |
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| (C)    | with                  the approval of the Corporation (which may be given in its sole                  discretion), by electing to have the Corporation retain from the                  number of                  Shares to be issued to the Optionee upon the exercise of such Option                  Shares having a Fair Market Value on the date of exercise equal                  to the                  aggregate exercise price payable upon exercise of such                  Option;                                                                                                                                                                                                                          |
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| (D)    | through                  a special sale and remittance procedure pursuant to which Optionee                  (or any                  other person or persons permitted to exercise the option) shall                  concurrently provide irrevocable instructions                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
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|   | (i)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | to                  a Corporation designated brokerage firm to effect the immediate                  sale of                  the purchased shares and remit to the Corporation, out of the sale                  proceeds available on the settlement date, sufficient funds to                  cover the                  aggregate exercise price payable for the purchased shares plus                  all                  applicable income and employment taxes required to be withheld                  by the                  Corporation by reason of such exercise and |
|   | (ii)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | to                  the Corporation to deliver the certificates for the purchased shares                  directly to such brokerage firm in order to complete the sale;                  or |
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| (E)    | by                  any combination of the methods of payment described                  above.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
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| 5.     | Securities                  Law Matters.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
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| (A)    | Restricted                  Securities. The Optionee understands and acknowledges that neither the                  Option nor the Shares have been registered under the United States                  Securities Act of 1933, as amended (the “Securities Act”), that the Option                  has been issued to it in reliance on an exemption from the registration                  requirements of the Securities Act, and that the Option and the                  Shares                  are, or will be, as applicable, “restricted securities” as defined in Rule                  144 under the Securities Act.                                                                     |
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| (B)    | Accredited                  Investor. The Optionee represents that it is an “accredited investor”                  within the meaning of Rule 501(a) under the Securities                  Act.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| (C)    | Restrictions                  on Exercise. The Optionee understands and acknowledges that the Option                  may be exercised only pursuant to an exemption from the registration                  requirements of the Securities Act and applicable state securities                  laws,                  and that at the time of any proposed exercise, the Corporation                  may require                  an opinion of counsel or other evidence satisfactory to it to the                  effect                  that the Shares may be issued pursuant to such exercise without                  registration under the Securities Act or applicable state securities                  laws. |

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| (D)    | Resale                  Restrictions. The Optionee understands and acknowledges that                  notwithstanding anything to the contrary contained in this Agreement,                  the                  Option and the Shares may be offered, sold, pledged or otherwise                  transferred only                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
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|   | (i)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | to                  the Corporation; |
|   | (ii)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | outside                  the United States in accordance with Rule 904 of Regulation S under                  the                  Securities Act and in compliance with applicable Canadian local                  laws and                  regulations; or |
|   | (iii)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | within                  the United States, in a transaction that does not require registration                  under the Securities Act or any applicable state securities laws.                  In                  connection with any proposed sale, pledge or other transfer of                  the Option                  or the Shares, the Corporation may require an opinion of counsel                  or other                  evidence satisfactory to it to the effect that the proposed sale,                  pledge                  or other transfer may be effected without registration under the                  Securities Act or applicable state securities laws. |
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| (E)    | Legend.                  The Optionee understands and acknowledges that upon the original                  issuance                  of the Shares, as applicable, and until such time as the same is                  no longer                  required under applicable requirements of the Securities Act or                  state                  securities laws, the certificates representing the Shares, and                  all                  certificates issued in exchange therefor or in substitution thereof,                  shall                  bear a legend with respect to the transfer restrictions set forth                  above.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
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| 6.     | Miscellaneous                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
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| (A)    | Plan                  Provisions Control.                  In the event that any provision of the Agreement conflicts with                  or is                  inconsistent in any respect with the terms of the Plan, the terms                  of the                  Plan shall control.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
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| (B)    | No                  Rights of Stockholders.                  Neither Optionee, Optionee’s legal representative nor a permissible                  assignee of this Option shall have any of the rights and privileges                  of a                  stockholder of the Corporation with respect to the Shares, unless                  and                  until such Shares have been issued in the name of Optionee, Optionee’s                  legal representative or permissible assignee, as                  applicable.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
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| (C)    | No                  Right to Employment.                  The grant of the Option shall not be construed as giving Optionee                  the                  right to be retained in the employ of, or as giving a director                  of the                  Corporation or a Subsidiary (as defined in the Plan) the right                  to continue                  as a director of the Corporation or a Subsidiary, nor will it affect                  in                  any way the right of the Corporation or a Subsidiary to terminate                  such                  employment or position at any time, with or without cause. In addition,                  the Corporation or Subsidiary may at any time dismiss Optionee                  from                  employment, or terminate the term of a director of the Corporation                  or a                  Subsidiary, free from any liability or any claim under the Plan                  or the                  Agreement. Nothing in the Agreement shall confer on any person                  any legal                  or equitable right against the Corporation or any Subsidiary, directly                  or                  indirectly, or give rise to any cause of action at law or in equity                  against the Corporation or a Subsidiary. The Option granted hereunder                  shall not form any part of the wages or salary of Optionee for                  purposes of                  severance pay or termination indemnities, irrespective of the reason                  for                  termination of employment. Under no circumstances shall any person                  ceasing                  to be an employee of the Corporation or any Subsidiary be entitled                  to any                  compensation for any loss of any right or benefit under the Agreement                  or                  Plan which such optionee might otherwise have enjoyed but for termination                  of employment, whether such compensation is claimed by way of damages                  for                  wrongful or unfair dismissal, breach of contract or otherwise.                  By                  participating in the Plan, Optionee shall be deemed to have accepted                  all                  the conditions of the Plan and the Agreement and the terms and                  conditions                  of any rules and regulations adopted by the Committee and shall                  be fully                  bound thereby. |
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| (D)    | Governing                  Law.                  The validity, construction and effect of the Plan and the Agreement,                  and                  any rules and regulations relating to the Plan and the Agreement,                  shall be                  determined in accordance with the internal laws, and not the law                  of                  conflicts, of the State of Nevada.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
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| (E)    | Severability.                  If any provision of the Agreement is or becomes or is deemed to                  be                  invalid, illegal or unenforceable in any jurisdiction or would                  disqualify                  the Agreement under any law deemed applicable by the Committee                  (as defined                  in the Plan), such provision shall be construed or deemed amended                  to                  conform to applicable laws, or if it cannot be so construed or                  deemed                  amended without, in the determination of the Committee, materially                  altering the purpose or intent of the Plan or the Agreement, such                  provision shall be stricken as to such jurisdiction or the Agreement,                  and                  the remainder of the Agreement shall remain in full force and                  effect.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |

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| (F)    | No                  Trust or Fund Created.                  Neither the Plan nor the Agreement shall create or be construed                  to create                  a trust or separate fund of any kind or a fiduciary relationship                  between                  the Corporation or any Subsidiary and Optionee or any other                  person.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
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| (G)    | Headings.                  Headings are given to the Sections and subsections of the Agreement                  solely                  as a convenience to facilitate reference. Such headings shall not                  be                  deemed in any way material or relevant to the construction or                  interpretation of the Agreement or any provision                  thereof.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
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| (H)    | Conditions                  Precedent to Issuance of Shares;                  Repurchase Rights. Shares shall not be issued pursuant to the exercise                  of the Option unless such exercise and the issuance and delivery                  of the                  applicable Shares pursuant thereto shall comply with all relevant                  provisions of law, including, without limitation, the Securities                  Act of                  1933, as amended, the Exchange Act of 1934, as amended, the rules                  and                  regulations promulgated thereunder, the requirements of any applicable                  Stock Exchange or the Nasdaq National Market and the corporate                  laws of the                  state of Nevada. As a condition to the exercise of the purchase                  price                  relating to the Option, the Corporation may require that the person                  exercising or paying the purchase price represent and warrant that                  the                  Shares are being purchased only for investment and without any                  present                  intention to sell or distribute such Shares if, in the opinion                  of counsel                  for the Corporation, such a representation and warranty is required                  by                  law. |
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| (I)    | Withholding.                  In order to comply with all applicable federal, state or provincial                  income                  tax laws or regulations, the Corporation may take such action as                  it deems                  appropriate to assure that all applicable federal, state or provincial                  payroll, withholding, income or other taxes are withheld or collected                  from                  Optionee.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
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| (J)    | Adjustment                  to Number of Shares and Exercise Price. Subject to approval if                  necessary of any relevant stock exchange, the Board will adjust                  the number                  of Shares subject to an Option, and the exercise price per Share                  payable                  upon exercise of an Option, upon the occurrence of any stock dividend,                  stock split, reverse stock split, combination of shares, reclassification                  of shares, recapitalization or other similar corporate transaction                  with                  respect to the Shares. Notwithstanding the preceding sentence to                  the                  contrary, no such adjustment will be made upon the conversion of                  any debt                  instrument, share of preferred stock or other convertible security                  of the                  Corporation into Shares.                                                                                                                                                                                                                                                                                                                                                                                                                                           |
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| (K)    | Review                  of Plan. Optionee acknowledges receipt of a copy of the Plan and                  represents that he or she is familiar with the terms and provisions                  thereof, and hereby accepts this Option subject to all of the terms                  and                  provisions thereof. Optionee has reviewed the Plan and this Option                  in                  their entirety, has had an opportunity to obtain the advice of                  counsel                  prior to executing this Option and fully understands all provisions                  of the                  Option. Optionee hereby agrees to accept as binding, conclusive                  and final                  all decisions or interpretations of the Board upon any questions                  arising                  under the Plan or this Option.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
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| (L)    | Change                  of Address. Optionee further agrees to notify the Corporation upon any                  change in the residence address indicated below.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
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|   | IN                  WITNESS WHEREOF, the Corporation and Optionee have executed this                  Agreement                  as of the date set forth in the first                  paragraph.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |

|         |                                                        |         |
|--------------|-------------------------------------------------------------|--------------|
|         | **DEEP              WELL              OIL & GAS, INC.** |
|    |                                                   |    |
|         | By:                                               |         |
|         | Name:                                                       |         |
|         | Title:                                            |         |
|         |                                                        |

|         |         |         |
|--------------|--------------|--------------|
|         | **OPTIONEE** |
|    |    |    |
|         | Name:        |         |
|         | Address:     |         |
|         |         |

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