Document:

Form of Gastar executive stock option agreement

 Exhibit 10.10 
 [FORM OF EXECUTIVE STOCK OPTION AGREEMENT] 
 THIS AGREEMENT made as of the 16th day of January 2006 
 BETWEEN:

 •, an individual resident in •, •, (the “Executive”) 
 - and - 
 GASTAR EXPLORATION LTD., a
body corporate, having its registered office in the City of Calgary, in the Province of Alberta (the “Corporation”) 
 STOCK
OPTION AGREEMENT 
 WHEREAS: 
  

	A.	the Corporation is governed by the laws of the Province of Alberta, having an authorized capital consisting of an unlimited number of Common Shares and an unlimited number of
Preferred Shares, all without nominal or par value; and 

  

	B.	the Board of Directors have agreed to grant unto the Executive an option to purchase an aggregate of • (•) Common Shares without par value of its authorized
unissued share capital in consideration of the Executive’s ongoing services and contributions to the Corporation; and 

  

	C.	the granting of such option to the Executive was authorized by the Board of Directors of the Corporation effective January 16, 2006; 

 NOW, THEREFORE THIS AGREEMENT WITNESSES that in consideration of the premises and mutual covenants hereinafter set forth, and for other valuable consideration,
the Parties have agreed as follows: 
 ARTICLE I 
 DEFINITIONS 
  

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

  

	 	(a)	“Board” means the Board of Directors of the Corporation. 

  

	 	(b)	“Corporation” means Gastar Exploration Ltd. and any successor or continuing corporation resulting from any form of corporate reorganization. 

  

	 	(c)	“Option Shares” means the Shares the Executive is entitled to purchase under a Share Option. 

  

	 	(d)	“Parties” means the Executive and the Corporation, collectively. 

	 	(e)	“Share Option” means an option to purchase treasury shares granted to the Executive pursuant to this Agreement, and includes any portion of that option.

  

	 	(f)	“Share Option Agreement” means this Agreement and any novations thereof. 

  

	 	(g)	“Expiration Date” means January 16, 2016. 

  

	 	(h)	“Option Date” in respect of the Share Option means the date of this Agreement. 

  

	 	(i)	“Option Price” means the price per share for each portion of the Share Option set forth in Clause 2.1 hereof. 

  

	 	(j)	“Share” means a Common Share of the Corporation as constituted at the date hereof. 

  

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

  

	 	(l)	“Market Price” means the price at which the Shares are being offered for upon the Exchange. 

  

	 	(m)	“Option Period” means the period commencing upon the Option Date and expiring upon the Expiration Date. 

  

	 	(n)	“Exchange” means the stock exchanges upon which the Corporation may be listed upon during the Option Period. 

  

	1.2	In this 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 
  

	2.1	Subject to the terms and conditions hereinafter set out, the Corporation hereby grants to the Executive, an irrevocable option to purchase • (•) Shares of the
Corporation at an exercise price of • Dollars • Cent (CDN $•) per Share, which may be exercised on the following basis: 

  

	 	a.	• (•) Shares at any time or from time to time during the period commencing January 16, 2007 and expiring on the Expiration Date; 

  

	 	b.	• (•) Shares at any time or from time to time during the period commencing January 16, 2008 and expiring on the Expiration Date; 

  

	 	c.	• (•) Shares at any time or from time to time during the period commencing January 16, 2009 and expiring on the Expiration Date; and 

 

	 	d.	the remaining • (•) Shares at any time or from time to time during the period commencing January 16, 2010 and expiring on the Expiration Date.

  

	2.2	Notwithstanding Clause 2.1 hereof, in the event of: 

  

	 	a.	any disposition of substantially all of the assets of the Corporation, or the dissolution, merger, amalgamation or consolidation of the Corporation, with or into any other
corporation, or the merger, amalgamation or consolidation of any other corporation into the Corporation; or 

  

	 	b.	any Change in Control of the Corporation; 

  

 -2- 

 the Executive may exercise of any or all of the remaining Optioned Shares prior to the completion of any such
transaction. Upon the Corporation entering into an agreement to effect any of the transactions set forth in Clause 2.2(a) or a change in control being effected as contemplated in Clause 2.2(b), the Option shall be deemed to have been amended to
permit the exercise thereof in whole or in part by the Executive at any time or from time to time prior to the completion of such transaction. 
 For the
purposes of this Agreement, a “Change in Control” shall be deemed to have occurred if any person, or any two or more persons acting as a group, and all affiliates of such person or persons, who prior to such time beneficially owned less
than 20% of the then outstanding Shares, shall acquire such additional Shares in one or more transactions, or series of transactions, such that following such transaction or transactions, such person or group and affiliates beneficially own 20% or
more of the Shares outstanding. 
  

	2.3	At 4:30 p.m., Calgary time, on the Expiration Date, the Share Option 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 
  

	3.1	If subsequent to the Option Date and prior to the Expiration Date, the Executive’s position as a director, an officer, a consultant to the Corporation and/or the
Corporation’s subsidiary, or as an employee of the Corporation and/or the Corporation’s subsidiary, as the case may be, is terminated by reason of the death or disability of the Executive, the Share Option may be exercised during the
period expiring the earlier of the Expiration Date or one year after such date of death or the date of termination of his employment by reason of disability. In the event of the Executive’s death or disability, the rights of the Executive under
the Share Option may be exercised by the person or persons to whom the Executive’s rights under the Share Option shall pass by will or applicable law or, if no such person has such right, by the Executive’s executors or administrators,
subject to the time limitations as aforesaid. 

  

	3.2	If subsequent to the Option Date and prior to the Expiration Date, the Executive’s position as a director, an officer, a consultant to the Corporation and/or the
Corporation’s subsidiary, or an employee of the Corporation and/or the Corporation’s subsidiary, as the case may be, is terminated for any reason other than the death or disability of the Executive, the Share Option may be exercised in
respect of any outstanding Option Shares for which the Share Option was capable of exercise prior to the termination (but this shall not include any Option Shares for which the defined period for exercise of the Option has not yet started at the
effective date of the termination) during the ninety (90) day period following the date on which the Executive’s position with the Corporation is terminated, and upon the expiry of such ninety (90) day period, the Share Option shall
expire. 

 ARTICLE IV 
 MATERIAL CHANGE 
  

	4.1	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. 

  

 -3- 

	4.2	If, prior to the Expiration Date or exercise in full of the Share Option granted hereby, the Corporation shall, at any time arrange with or merge into another corporation, the
Executive 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 Share 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 
  

	5.1	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 requirements hereof.

 ARTICLE VI 
 RESTRICTION ON ASSIGNMENT 
  

	6.1	The Share Option granted hereby is, insofar as the Executive 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 Executive pursuant to Clause 3.1 hereof. 

 ARTICLE VII

 EXERCISE OF THE SHARE OPTION 
  

	7.1	The Share Option may be exercised by the Executive 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 Houston, in the State of Texas. 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 a tender of payment in full, notwithstanding any delay in the issuance and
delivery of the certificates for the Shares so purchased. 

 ARTICLE VIII 
 RIGHTS OF THE EXECUTIVE PRIOR TO EXERCISE DATE 
  

	8.1	The Share Option herein granted shall not entitle the Executive 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 7.1 and Option Shares have been issued as fully paid and non-assessable. 

 ARTICLE IX 
 FURTHER ASSURANCES 
  

	9.1	The Parties 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. 

  

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 ARTICLE X 
 INTERPRETATION 
  

	10.1	It is understood and agreed by the Parties 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 that any question arising under the terms of this Agreement as to interpretation, construction or
enforcement shall be referred to the Board and their majority decision shall be final and binding on both of the Parties. 

 ARTICLE XI 
 ENTIRE AGREEMENT 
  

	11.1	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 
  

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

  

	12.2	This Agreement shall continue to 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 have executed this Agreement as of the day and year first above
written. 
  

					
	 SIGNED, SEALED AND DELIVERED
	  	)	 	
			
	 in the presence of:
	  	 )
	 	
			
		  	 )
	 	
			
		  	 )
	 	
			
		  	 )
	 	
			
	  
 Witness
	  	 )
	 	  
 •

			
		  		 	 GASTAR EXPLORATION LTD.

			
		  	 Per:
	 	  

			
		  	 Per:
	 	  

  

 -5-1998 Supplement Stock Option Plan of United Rentals, Inc.

 Exhibit 10(h) 
 UNITED RENTALS, INC. 
 1998-2 STOCK OPTION PLAN 
 (as amended and restated) 
 There is hereby established a 1998-2 Stock Option Plan (the
“Plan”). The Plan provides for the grant to employees, who are not directors or officers, of United Rentals, Inc. (the “Company”) and consultants and independent contractors who perform services for the Company or its
subsidiaries of options (“Options”) to purchase shares of common stock of the Company (“Common Stock”). 
 1. Purpose. The purpose
of the Plan is to provide additional incentive to employees, who are not officers or directors of the Company, and consultants and independent contractors who render services to the Company, who are responsible for the management and growth of the
Company, or otherwise contribute to the conduct and direction of its business, operations and affairs. It is intended that Options granted under the Plan strengthen the desire of such persons to join and remain in the employ of (or in the rendering
of services to) the Company and stimulate their efforts on behalf of the Company. 
 2. The Stock. The aggregate number of shares of Common Stock
which may be subject to Options under this Plan shall not exceed 5,600,000. Such shares may be either authorized and unissued shares, or treasury shares. If any Option granted under the Plan shall expire, terminate or be cancelled for any reason
without having been exercised in full, the corresponding number of unpurchased shares shall again be available for the purposes of the Plan. 
 3.
Administration of the Plan. 
 (a) The Plan shall be administered by a committee (the “Committee”) which shall be appointed
by the Board of Directors of the Company (the “Board”) from among its members. Subject to the express provisions of the Plan, the Committee shall have authority, in its discretion, to determine the individuals to receive Options, the times
when they shall receive them and the number of shares of Common Stock to be subject to each Option, and other terms relating to the grant of Options. 
 (b) Subject to the express provisions of the Plan, the Committee shall have authority to construe the respective option agreements and the Plan, to prescribe, amend and rescind rules and regulations relating to the
Plan, to determine the terms and provisions of the respective option agreements (which need not be identical) and, as specified in this Plan, the fair market value of the Common Stock, and to make all other determinations necessary or advisable for
administering the Plan. The Committee may correct any defect or supply any omission or reconcile any inconsistency in the Plan or in any option agreement in the manner and to the extent it shall deem expedient to carry it into effect, and it shall
be the sole and final judge of such expediency. The determinations of the Committee on the matters referred to in this Section 3 shall be conclusive. 

 (c) The Committee may, in its sole discretion, and subject to such terms and conditions as it may adopt,
accelerate the date or dates on which some or all outstanding Options may be exercised. 
 (d) The Committee may require that any Option
Shares issued be legended as necessary to comply with applicable federal and state securities laws. 
 4. Eligibility. Options may be granted to such
employees, who are not officers or directors, of the Company and consultants and independent contractors who render services to the Company as the Committee shall select from time to time. 
 5. Option Price. The price or prices per share of Common Stock to be sold pursuant to an Option (the “Exercise Price”) shall be such as shall be fixed
by the Committee but shall not be less than the fair market value per share for such Common Stock on the date of grant of such Option. 
 6. Period of
Option Vesting. The Committee shall determine for each Option the period during which such Option shall be exercisable in whole or in part. 
 7.
Effect of Termination of Employment. The Committee shall determine for each Option the extent, if any, to which such Option shall be exercisable in the event of the termination of the person to whom such Option was granted
(“Optionee”) from employment with or rendering of other services to the Company. 
 8. Payment for Shares of Common Stock. Upon exercise of
an Option, the Optionee shall make full payment of the Option Price in cash, or, with the consent of the Committee and to the extent permitted by it: 
 (a) with Common Stock of the Company valued at fair market value on date of exercise, but only if held by the Optionee for a period of time sufficient to prevent a pyramid exercise that would create a charge to the
Company’s earnings; 
 (b) with a full recourse interest bearing promissory note of the Optionee, secured by a pledge of the shares of
Common Stock received upon exercise of such Option, and having such other terms and conditions as determined by the Committee; 
 (c) by
delivering a properly executed exercise notice together with irrevocable instructions to a broker to sell shares acquired upon exercise of the Option and promptly to deliver to the Company a portion of the proceeds thereof equal to the Exercise
Price; or 
 (d) any combination of any of the foregoing. 
 9. Option Exercises. Options shall be exercised by submitting to the Company a signed copy of notice of exercise in a form to be supplied by the Company. The exercise of an Option shall be effective on the date
on which the Company receives such notice at its principal corporate offices. The Company may cancel such exercise in the event that payment is not effected in full, subject to the other terms of this Plan. 
  

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 10. Limited Transferability of Option. No Option shall be assignable or transferable by the Optionee to whom it is
granted, other than by will or laws of descent and distribution, except that, upon approval by the Committee, the Optionee may transfer an Option (a) pursuant to a qualified domestic relations order as defined for purposes of the Employee
Retirement Income Security Act of 1974, as amended, or (b) by gift: to a member of the “Family” (as defined below) of the Optionee, to or for the benefit of one or more organizations qualifying under Code Sec. 501(c)(3) and 170(c)(2)
(a “Charitable Organization”) or to a trust for the exclusive benefit of the Optionee, one or more members of the Optionee’s Family, one or more Charitable Organizations, or any combination of the foregoing, provided that any such
transferee shall enter into a written agreement to be bound by the terms of this Plan and the option agreement. For this purpose, “Family” shall mean the ancestors, spouse, siblings, spouses of siblings, lineal descendants and spouses of
lineal descendants of the Optionee. 
 11. Other Plan Terms. 
 (a) The Committee may grant more than one Option to an individual, and, such Option may be in addition to, in tandem with, or in substitution for, Options previously granted under the Plan or of another corporation
and assumed by the Company. 
 (b) The Committee may permit the voluntary surrender of all or a portion of any Option granted under the Plan
or otherwise to be conditioned upon the granting to the employee of a new Option for the same or a different number of shares of Common Stock as the Option surrendered, or may require such voluntary surrender as a condition precedent to a grant of a
new Option to such employee. Such new Option shall be exercisable at the price, during the period, and in accordance with any other terms or conditions specified by the Committee at the time the new Option is granted, all determined in accordance
with the provisions of the Plan without regard to the price, period of exercise, or any other terms or conditions of the Option surrendered. 
 (c) Options under the Plan may be granted at any time after the Plan has been adopted by the Board. 
 (d) In the event of a
reorganization, recapitalization, liquidation, stock split, stock dividend, combination of shares, merger or consolidation, or the sale, conveyance, lease or other transfer by the Company of all or substantially all of its property, or any change in
the corporate structure or shares of common stock of the Company, pursuant to any of which events the then outstanding shares of the common stock are split up or combined or changed into, become exchangeable at the holder’s election for, or
entitle the holder thereof to other shares of common stock, or in the case of any other transaction described in Section 424(a) of the Code, the Committee may change the number and kind of shares of Common Stock available under the Plan and any
outstanding Option (including substitution of shares of common stock of another corporation) and the price of any Option and the fair market value determined under this Plan in such manner as it shall deem equitable in its sole discretion.

  

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 (e) An Optionee or a legal representative thereof shall have none of the rights of a stockholder with
respect to shares of Common Stock subject to Options until such shares shall be issued or transferred upon exercise of the Option. 
 (f) The
Company shall effect the grant of Options under the Plan, in accordance with determinations made by the Committee, by execution of instruments in writing in a form approved by the Committee. Each Option shall contain such terms and conditions (which
need not be the same for all Options, whether granted at the time or at different times) as the Committee shall deem to be appropriate and not inconsistent with the provisions of the Plan, and such terms and conditions shall be agreed to in writing
by the Optionee. 
 12. Certain Definitions. 
 (a) Fair Market Value. As used in the Plan, the term “fair market value” shall mean as of any date: 
 (i) if the
Common Stock is not traded on any over-the-counter market or on a national securities exchange, the value determined by the Committee using the best available facts and circumstances; 
 (ii) if the Common Stock is traded in the over-the-counter market, based on most recent closing prices for the Common Stock on the date the calculation
thereof shall be made; or 
 (iii) if the Common Stock is listed on a national securities exchange, based on the most recent closing prices
for the Common Stock of the Company on such exchange. 
 (b) Subsidiary and Parent. The term “subsidiary” and
“parent” as used in the Plan shall have the respective meanings set forth in Sections 424(f) and (e) of the Code. 
 13. Not an Employment
Contract. Nothing in the Plan or in any Option or stock option agreement shall confer on any Optionee any right to continue in the service of the Company or any parent or subsidiary of the Company or interfere with the right of the Company to
terminate such Optionee’s employment or other services at any time. 
 14. Withholding Taxes. Whenever the Company proposes or is required to
issue or transfer shares of Common Stock under the Plan, the Company shall have the right to require the Optionee to remit to the Company an amount sufficient to satisfy any federal, state and/or local withholding tax requirements prior to the
delivery of any certificate or certificates for such shares. Alternatively, the Company may, in its sole discretion from time to time, issue or transfer such shares of Common Stock net of the number of shares sufficient to satisfy the withholding
tax requirements. For withholding tax purposes, the shares of Common Stock shall be valued on the date the withholding obligation is incurred. 
  

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 15. Agreements and Representations of Optionee. As a condition to the exercise of an Option, unless counsel to the
Company opines that it is not necessary under the Securities Act of 1933, as amended (the “Securities Act”), and the pertinent rules hereunder, as the same are then in effect, the Optionee shall represent in writing that the shares of
Common Stock being purchased are being purchased only for investment and without any present intent at the time of the acquisition of such shares of Common Stock to sell or otherwise dispose of the same. 
 16. Amendment and Discontinuance of the Plan. The Board may at any time alter, suspend or terminate the Plan, but no change shall be made which will have a
materially adverse effect upon any Option previously granted, unless the consent of the Optionee is obtained. 
 17. Other Conditions. 
 (a) If at any time counsel to the Company shall be of the opinion that any sale or delivery of shares of Common Stock pursuant to an Option granted under
the Plan is or may in the circumstances be unlawful under the statutes, rules or regulations of any applicable jurisdiction, the Company shall have no obligation to make such sale or delivery, and the Company shall not be required to make any
application or to effect or to maintain any qualification or registration under the Securities Act or otherwise with respect to shares of Common Stock or Options under the Plan, and the right to exercise any such Option may be suspended until, in
the opinion of said counsel, such sale or delivery shall be lawful. 
 (b) At the time of any grant or exercise of any Option, the Company
may, if it shall deem it necessary or desirable for any reason connected with any law or regulation of any governmental authority relative to the regulation of securities, condition the grant and/or exercise of such Option upon the Optionee making
certain representations to the Company and the satisfaction of the Company with the correctness of such representations. 
 18. Approval; Effective Date;
Governing Law. This Plan shall become effective upon the adoption by the Board. This Plan shall be interpreted in accordance with the internal laws of the State of Connecticut. 
  

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