Document:

Filed by Automated Filing Services Inc. (604) 609-0244 -  Medicure Inc. - Exhibit 4.2

STOCK OPTION AGREEMENT

THIS AGREEMENT made as of the XX day of
XX 2007.

BETWEEN:

OPTIONEE NAME, an individual of
the City of 
XX, in the Province of XX
(herein referred to as the
“Optionee”)

-and-

MEDICURE INC., a body corporate,
incorporated federally under the 
laws of Canada, having an office in the
City of Winnipeg, in the Province 
of Manitoba 
(herein referred to as the
“Corporation”)

WHEREAS:

1. the Corporation is incorporated under the laws of Canada,
having an authorized capital consisting of an unlimited number of common shares
without nominal or par value and an unlimited number of preferred shares without
nominal or par value; and 2. the Board has agreed to grant unto the Optionee an
option to purchase an aggregate of XX,000 common shares without par value of its
authorized unissued share capital in consideration of the Optionee’s ongoing
services and contributions to the Corporation or any of its subsidiaries or
affiliates; and 3. the granting of such option to the Optionee was authorized by
the Board effective XX, 2007.

ARTICLE 1 
DEFINITIONS

1.01 In this Agreement the following terms shall have the
following meanings:

	(a) 	
      “Agreement”, “herein”, “hereto”, “hereof” and similar
      expressions means this Agreement, and includes any Agreement amending this
      Agreement or any Agreement or instrument which is supplemental or
      ancillary hereof;

	 	 
	(b) 	
      “Board” means the Board of Directors of the
      Corporation;

	 	 
	(c) 	
      “Expiration Date” means XX, 2017;

	 	 
	(d) 	
      “Option Date” in respect of the Share Option means the
      date of this Agreement;

	 	 
	(e) 	
      “Option Shares” means the Shares the Optionee is entitled
      to purchase under a Share Option;

	 	 
	(f) 	
      “Share” means a common share of the Corporation as
      constituted at the date hereof;

	(g) 	
      “Share Option” means an option to purchase Treasury
      Shares granted to the Optionee pursuant to this Agreement, and includes
      any portion of that option; and

	 	 
	(h) 	
      “Treasury Share” means a theretofore unissued Share which
      is purchased directly from the Corporation by or for the account of the
      Optionee.

1.02 In the Agreement, the masculine gender shall include the
feminine gender and the singular shall include the plural and vice versa
wherever the context requires.

ARTICLE II 
SHARE OPTION

2.01 The Corporation hereby grants to the Optionee, subject to
the terms and conditions hereinafter set out, an irrevocable option to purchase
at any time or from time to time on or before the Expiration Date, XX,000 Shares
of the Corporation at a price of $XX per Share.

2.02 The Share Option shall vest and shall be exercisable over
a period of three years, at 33 1/3% per year, with the first 33 1/3% of the
Share Option vesting on the first anniversary of XX, 2007, the second 33 1/3% of
the Share Option vesting on the second anniversary of XX, 2007, and the third 33
1/3% of the Share Option vesting on the third anniversary of XX, 2007.

2.03 At 4:30 p.m., Winnipeg time, on the Expiration Date, the
Share Option or any portion thereof remaining unexercised shall forthwith expire
and terminate and be of no further force or effect whatsoever as to such of the
Option Shares in respect of which the Share Option hereby granted has not then
been exercised.

ARTICLE III
CURRENCY DURING TERM OF
EMPLOYMENT

	3.01 	(a) 	
      If an Optionee shall cease to be a director, officer,
      consultant, scientific advisory board member or employee of the
      Corporation or any of its subsidiaries or affiliates, as the case may be,
      for any reason (other than death), he may but only within sixty (60) days
      next succeeding his ceasing to be a director, officer, consultant,
      scientific advisory board member or employee, exercise his Share Option to
      the extent that he was entitled to exercise it at the date of such
      cessation. 

	 	 	 
		(b) 	
      In the event of the death of an Optionee, the Share
      Option previously granted to him shall be exercisable only within the
      twelve (12) months next succeeding such death and then only by the person
      or persons to whom the Optionee’s rights under the Share Option shall pass
      by the Optionee’s will or the laws of descent and distribution and if and
      to the extent that he was entitled to exercise the Share Option at the
      date of his death. 

ARTICLE IV 
MATERIAL CHANGE

4.01 In the event that, prior to the Expiration Date or
exercise in full of the Share Option, the outstanding share capital of the
Corporation shall be subdivided or consolidated into a greater or lesser number
of Shares, or, in the event of the payment of a stock dividend by the
Corporation, or in the event that all of the shareholders of the Corporation are
granted the right to purchase additional Shares of the Corporation, the number
and price of Option Shares remaining subject to the Share Option hereunder shall
be increased or reduced accordingly, as the case may be.

4.02 If, prior to the Expiration Date or exercise in full of
the Share Option granted hereby, the Corporation shall, enter into an
arrangement with or merge into another corporation, the Optionee will thereafter
receive, upon the exercise of the Share Option, the securities or properties to
which a holder of the number of Shares then deliverable upon the exercise of the
Share Option would have been entitled upon such arrangement or merger, and the
Corporation will take steps in connection with such arrangement or merger as may
be necessary to assure that the provisions hereof shall thereafter be
applicable, in relation to any securities or property thereafter deliverable
upon the exercise of the Option granted hereby. A sale of all or substantially
all of the assets of the Corporation for consideration, (apart from the
assumption of obligations), consisting primarily of securities shall be deemed
to be an arrangement or merger for the foregoing purposes.

ARTICLE V
 RESERVATION OF TREASURY
SHARES

5.01 The Corporation shall at all times during the term of this
Agreement, reserve and keep available a sufficient number of Treasury Shares to
satisfy the requirement hereof.

ARTICLE VI 
RESTRICTION ON
ASSIGNMENT

6.01 The Share Option granted hereby is, insofar as the
Optionee is concerned, personal and non-assignable and neither this Agreement
nor any rights in regard thereto shall be transferable or assignable except upon
the death of the Optionee pursuant to Clause 3.01 hereof.

ARTICLE VII
EXERCISE OF THE SHARE
OPTION

7.01 The Share Option may be exercised by the Optionee in
accordance with the provisions hereof in whole or in part, from time to time, by
delivery of written notice of such exercise and by tendering the payment
therefor in cash or by certified cheque to the Corporation at its principal
office in the City of Winnipeg, in the Province of Manitoba. Such notice shall
state the number of the Option shares with respect to which the Share Option is
then being exercised. The Share Option shall be deemed for all 

purposes to have been exercised to the extent stated in such
notice upon delivery of the notice and tender of payment in full, not
withstanding any delay in the issuance and delivery of the certificates for the
Shares so purchased.

ARTICLE VIII
RIGHTS OF THE OPTIONEE PRIOR TO
EXERCISE DATE

8.01 The Share Option herein granted shall not entitle the
Optionee to any rights whatsoever as a shareholder of the Corporation with
respect to any Shares subject to the Share Option until it has been exercised in
accordance with Clause 7.01 and Option Shares have been issued as fully paid and
non-assessable.

ARTICLE IX 
FURTHER ASSURANCE

9.01 The parties hereto covenant that they shall and will from
time to time and at all times hereafter do and perform all such acts and things
and execute all such additional documents as may be required to give effect to
the terms and intention of this Agreement.

ARTICLE X 
INTERPRETATION

10.01 It is understood and agreed by the parties hereto that
questions may arise as to the interpretation, construction or enforcement of
this Agreement and the parties are desirous of having the Board determine any
such question of interpretation, construction or enforcement. It is therefore
understood and agreed by and between the parties hereto that any question
arising under the terms of this Agreement as to interpretation, construction or
enforcement shall be referred to the Board and its majority decision shall be
final and binding on both of the parties hereto.

ARTICLE XI 
ENTIRE AGREEMENT

11.01 This Agreement supersedes all other agreements,
documents, writings and verbal understandings among the parties relating to the
subject matter hereof and represents the entire agreement between the parties
relating to the subject matter hereof.

ARTICLE XII 
ENUREMENT

12.01 Subject to the other provisions hereof, this Agreement
shall enure to the benefit of and be binding upon the parties hereto and their
respective heirs, executors, administrators, successors and permitted
assigns.

12.02 This Agreement shall constitute a binding obligation of
the Corporation notwithstanding any change of control of its voting securities
during the term hereof.

     IN WITNESS WHEREOF the parties
hereto have executed this Agreement as of the day and year first above
written.

	SIGNED 	) 	 
	in the presence of: 	) 	 
	  	) 	 
	  	) 	 
	  	  	 
	  	) 	 
	  	               
    	    OPTIONEE
      NAME 

	 	MEDICURE INC. 
	 	 	 
	 	 Per: 	
	 	 	  
	 	 Per:Exhibit 10.1

        

        
        EMPLOYMENT AGREEMENT

        

        
             THIS EMPLOYMENT AGREEMENT (the
        "Agreement"), effective as of the 1st day of June, 2005, by and between BLUE STAR ENERGY,
        INC., a Colorado corporation with its principal place of business located at 5525 Erindale
        Dr., Suite 201, Colorado Springs, CO 80918 (hereinafter referred to as "Company" or
        "Employer") and Raymond E. McElhaney (hereinafter referred to as the
        "Employee").

        

        
        RECITALS

        

        
             NOW THEREFORE,
        in consideration of the Recitals and the mutual covenants,
        promises, agreements, representations and warranties contained in this Agreement, the
        parties hereby accept employment on the terms and conditions hereinafter set forth.

         

        
            
        1.     
        Term.          Subject
        to the provisions for termination hereinafter provided, the initial three (3) year term of
        this Agreement shall commence on June 1, 2005 and terminate on June 01, 2008, and shall
        continue thereafter on a year to year basis unless terminated by the Company by delivery of
        written notice to the Employee not later than sixty (60) days prior to the date for
        termination as indicated in said notice.

        

        
             2.     
        Compensation and Performance
        Review.

         

              a)      For all services rendered
        by the Employee under this Agreement, commencing June 01, 2005, the Company shall be
        obligated to pay the Employee a salary of $5,000.00 per month, payable in accordance with
        the Employer's regular payroll procedure.

         

              b)     At the end of every yearly
        period after the commencement of the term of this agreement, the Company shall grant the
        Employee a performance and salary review for the purposes of gauging the performance of the
        Employee for the preceding year and adjusting the salary of the Employee hereunder looking
        to the results of such review and the Company's financial progress, among other things, as
        guides in such adjustments; provided, however, compensation payable to the Employee
        pursuant to this provision shall in no event be reduced from that fixed by Subparagraph (a)
        in this Section 2.

         

              3.     
        Duties.          Employee
        is engaged as the President of the Company. In such capacity, Employee shall exercise
        detailed supervision over the operations of the Company subject, however, to control by the
        Board of Directors. The Employee shall perform all duties incident to the title of
        President and such other duties as from time to time may be assigned to him by the Board of
        Directors.

         

              4.     
        Best Efforts of
        Employee.     The
        Employee shall devote his full time efforts to the business of the Company and to all of
        the duties that may be required by the terms of this Agreement to the reasonable
        satisfaction of the Company. The Employee shall at all times faithfully, with diligence and
        to the best of his ability, experience and talents, perform all the duties that may be
        required of and from his pursuant to the express and implicit terms hereof to the
        reasonable satisfaction of the Company. Such services shall be rendered at such other place
        or places as the Company shall in good faith require or as the interest, needs, business or
        opportunity of the Company shall require. The Employee agrees not to engage in any
        employment or consulting work or any trade or business for his account or for or on behalf
        of any other person, firm or corporation, unless the Employee obtains prior written consent
        from the Board of Directors of the Company.

        

        
        

        

        
        

             5.     
        Working
        Facilities.     The
        Employee shall be furnished with all such facilities and services suitable to his position
        and adequate for the performance of his duties.

         

              6.     
        Expenses.     The
        Employee is authorized to incur reasonable expenses for promoting the business of the
        Company, including his out-of-pocket expenses for entertainment, travel and similar items.
        The Company shall reimburse the Employee for all such expenses on the presentation by the
        Employee, from time to time, of an itemized account of such expenditures in accordance with
        the guidelines set forth by the Internal Revenue Service for travel and entertainment.

         

              7.     
        Benefits.     The
        Employee shall be entitled to receive any and all health, insurance, disability or any
        other benefit plan adopted by the Board of Directors from time to time for the benefit of
        its employees.

         

              8.     
        Vacation.     The
        Employee shall be entitled each year to a vacation of a reasonable amount during which time
        his compensation shall be paid in full.

         

              9.     
        Disability.

         

              a) Should the Employee, by reason of illness or incapacity,
        be unable to perform his job for a period of up to and including a maximum of three (3)
        months, the compensation payable for and during such period under this Agreement shall be
        unabated. The Board of Directors shall have the right to determine the incapacity of the
        Employee for the purposes of this provision, and any such determination shall be evidenced
        by its written opinion delivered to the Employee. Such written opinion shall specify with
        particularity the reasons supporting such opinion and be manually signed by at least a
        majority of the Board. Should the Board of Directors determine the Employee incapable of
        the performance of his duties, the Employee's compensation thereafter shall be reduced to
        zero.

         

              b) The Employee shall receive full compensation upon his
        return to employment and regular discharge of his full duties hereunder. Should the
        Employee be absent from his employment for whatever cause for a continuous period of more
        than 365 calendar days, the Company may terminate this Agreement and all obligations of the
        Company hereunder shall cease upon such termination.

        

        
        

        

        

        
             10.     
        Termination.

         

        

        

        
        a) The Company may terminate this Agreement with cause at any
        time with immediate notice to the Employee thereof, and such notice having been given, this
        Agreement shall terminate in accordance therewith. For the purpose of this section, "cause"
        shall be defined as meaning such conduct by the Employee which constitutes in fact and/or
        law a breach of fiduciary duty or felonious conduct having the effect, in the opinion of
        the Board of Directors, of materially adversely affecting the Company and/or its
        reputation.

         

              b) The Company may terminate this Agreement without cause by
        giving sixty (60) days written notice to the Employee, and such notice having been given,
        this Agreement shall terminate in accordance therewith.

        

        
        2

        
        

        

        
        

             c) The Employee may terminate this Agreement without cause by
        giving sixty (60) days written notice to the Company, and such notice having been given,
        this Agreement shall terminate in accordance therewith.

         

              d) In the event of termination without cause or being asked
        to resign as part of a merger, acquisition, buyout or any corporate restructure, the
        Employee shall be entitled to receive compensation through the original term specified in
        paragraph one (1). Such compensation shall be paid in full at the date of termination only
        if the Employment Agreement is terminated without cause. After the date of termination, all
        benefit and incentive programs of any kind or nature then in place shall terminate.

         

              11.     
        Notices. All
        notices, demands, elections, opinions or requests (however characterized or described)
        required or authorized hereunder shall be deemed given sufficiently if in writing and sent
        by registered or certified mail, return receipt requested and postage prepaid, or by tested
        telex, telegram or cable to, in the case of the Company:

         

                   
        Blue Star Energy, Inc.

        
                      5525
            Erindale Dr.

                      Suite 201

                      Colorado Springs, CO
            80918

             

              

             and in the case of the Employee:

             

              

                       Raymond E. McElhaney

                      1245 Scarsbrook Court

                      Monument, CO 
            80132
        

        
            

             

              3
        

        
            

        

        
         

        
        12.     
        Confidential
        Information.     During
        the term of this Agreement, the Employee will have access to certain confidential
        information and materials, including but not limited to oil and gas property and lease
        information, originated by the Company or disclosed to the Company by others under
        agreements to hold the same confidential (“Confidential Information”).
        Confidential Information further includes, but is not limited to, all technical,
        engineering, property and lease information, financial, business practices, customer lists,
        customer identities and commercial information heretofore or hereafter disclosed or
        transmitted by the Company in any form and manner to the Employee or otherwise received by
        the Employee, whether orally or in writing. Employee acknowledges that Employee shall not
        either directly or indirectly use, disclose or communicate to any person or entity any
        Confidential Information for any purpose at all whether during or after the term of this
        Agreement, except to the extent any such information becomes generally known to the public
        through no fault of Employee. Furthermore, the terms of this provision survive the Term of
        this Agreement, or any termination thereof.

        
         

        
        13.     
        Remedies.     
        Employee acknowledges that any failure to carry out an obligation under this Agreement, or
        a breach by the Employee of any provision herein, will constitute immediate and irreparable
        damage to the Company, which cannot be fully and adequately compensated in money damages
        and which will warrant preliminary and other injunctive relief, an order for specific
        performance, and other equitable relief. Employee also understands that other actions may
        be taken and remedies enforced against the Employee, including termination of any other
        agreements the Employee may have with the Company.

        

        
               
        14.      Entire
        Agreement.     This
        Agreement contains the entire agreement between the Company and the Employee, regarding
        employment of the Employee. This Agreement shall not be modified except by written
        agreement signed by both parties.

        

              15.     
        Headings.     The
        subject headings of the articles and sections contained in this Agreement are included for
        convenience purposes only and shall not control or affect the meaning, construction or
        interpretation of any provision hereof.

        

             16.     
        Assigns.     This
        Agreement shall be binding upon the Company and Employee, their respective heirs,
        executors, legal representatives, successors and assigns.

        

             17.     
        Waiver and
        Severability.     No
        waiver by either party of any breach or default hereof by the other shall be deemed to be a
        waiver of any preceding or succeeding breach or default hereof, and no waiver shall be
        operative unless the same shall be in writing. Should any provision of this Agreement be
        declared invalid by a court of competent jurisdiction, the remaining provisions hereof
        shall remain in full force and effect regardless of such declaration.

        

        

        
             18.     
        Arbitration.     Any
        dispute regarding the subject matter of this Agreement shall be resolved by binding
        arbitration to be conducted by an arbitration association upon mutual written agreement of
        the parties. The prevailing party shall be entitled to an award of attorney's fees, costs
        and expenses. The award may be converted to an order of a court of competent jurisdiction,
        and each party voluntarily submits to personal jurisdiction in the federal and state courts
        located in Colorado. Notwithstanding the aforementioned, the Company shall be entitled to
        seek injunctive relief for violation of the provisions of Section 12 herein, as provided in
        Section 13 herein.

        
         

        
        4

        
        

        

        
         

        

        

        
             19.     
        Counterparts.          This
        Agreement may be executed in several counterparts, and as to executed shall constitute one
        Agreement, binding on all parties hereto, notwithstanding that all parties are not
        signatory as to other original or the same counterpart. Facsimile signatures are
        acceptable.

        

        
             20.     
        Time.          Time
        is of the essence.

         

              21.     
        Governing
        Law.      This Agreement
        shall be construed under the laws of the State of Colorado.

        

        
        IN WITNESS WHEREOF,
        the parties have executed this Agreement on the day and year
        first above written.

        	
                	
                
	THE
                COMPANY:

                

                BLUE STAR ENERGY, INC.

                

                

                By: /s/ Bill M. Conrad

                Bill M. Conrad, Secretary 	THE
                EMPLOYEE:

                

                

                

                

                /s/ Raymond E. McElhaney

                Raymond E. McElhaney 

         

         

         

         

        5

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