Document:

Manas Petroleum Corporation: Exhibit 10.2 - Filed by newsfilecorp.com

	MANAS PETROLEUM CORPORATION 
	NONSTATUTORY STOCK OPTION AGREEMENT 
	(Investor Relations) 
	 

THIS NONSTATUTORY STOCK OPTION AGREEMENT
(“Agreement”) is made and entered into as of the date set forth
below, by and between MANAS PETROLEUM CORPORATION, a Nevada corporation
(the “Company”), and the following consultant of the Company (herein,
“Optionee”):

In consideration of the covenants herein set forth, the parties
hereto agree as follows:

	1. 	
      OPTION INFORMATION.

	 	(a) 	Date of Option: 	September 1, 2011 
	 	 	 	 
	 	(b) 	Optionee: 	Brisco Capital Partners Corporation 
	 	 	 	 
	 	(c) 	Number of Shares: 	500,000 
	 	 	 	 
	 	(d) 	Exercise Price: 	US$0 225 

	2. 	
      ACKNOWLEDGEMENTS.

	 	 	 
		(a) 	
      Optionee is providing investor relations services (the
      “Services”) to the Company pursuant to a written Consulting
      Agreement dated effective September 1, 2011 (the “Agreement”);
      and

	 	 	 
		(b) 	
      As an inducement to Optionee and pursuant to the
      Agreement, the Board has authorized the granting to Optionee of a stock
      option (the “Option”) to purchase shares of common stock of the
      Company (“Common Shares”) upon the terms and conditions hereinafter
      stated.

	 	 	 
	3. 	
      SHARES; PRICE.

	 	 	 
	3.1 	
      The Company hereby grants to Optionee the
      non-transferable right to purchase, upon and subject to the terms and
      conditions herein stated, the number of Common Shares set forth in Section
      1(c) above (the “Shares”) for cash at the price per Share set forth
      in Section 1(d) above (the “Exercise Price”).

	 	 	 
	4. 	
      TERM OF OPTION.

	 	 	 
	4.1 	
      This Option shall expire, and all rights hereunder to
      purchase the Shares shall terminate, five (5) years from the date hereof
      or, if earlier, upon the date and for the reasons specified in Sections 7
      and 12 below. Nothing contained herein shall be construed to interfere in
      any way with the right of the Company to terminate the relationship
      between it and Optionee, or to increase or decrease the compensation paid
      to Optionee, if any, from the rate in effect as of the date
  hereof.

	 	 	 
	5. 	
      VESTING OF OPTION.

	 	 	 
	5.1 	
      Subject to the provisions of Sections 7 and 12 hereof,
      this Option shall become exercisable in three instalments over a period of
      eighteen months, with the first instalment of 166,666 Shares vesting March
      1, 2012, the second instalment of 166,667 Shares vesting September 1, 2012
      and the third instalment of 166,667 shares vesting March 1, 2013. The
      instalments shall be cumulative (i.e., this Option may be exercised, as to
      any or all Shares covered by an instalment, at any time or times after an
      instalment becomes exercisable and until expiration or termination of this
      Option).

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	6. 	
      EXERCISE.

	 	 	 
	6.1 	
      This Option shall be exercised by delivery to the Company
      of:

	 	 	 
		(a) 	
      written notice of exercise stating the number of Shares
      being purchased (in whole shares only) and such other information set
      forth on the form of Notice of Exercise attached hereto as Schedule
    A;

	 	 	 
		(b) 	
      a cashier’s cheque, bank draft, wire transfer (pursuant
      to wire transfer instructions that will be supplied by the Company upon
      request) or cash in the amount of the Exercise Price of the Shares covered
      by the notice; and

	 	 	 
		(c) 	
      a written investment representation as provided for in
      Section 12 hereof.

Except as otherwise expressly permitted in Section 7, below,
this Option shall not be assignable or transferable and may be exercised
only by Optionee.

	7. 	
      DEATH OF OPTIONEE.

	 	 
	7.1 	
      If Optionee shall die while serving as a consultant of
      the Company, Optionee’s personal representative or the person entitled to
      Optionee’s rights hereunder may at any time within thirty (30) days after
      the date of Optionee’s death, or during the remaining term of this Option,
      whichever is the lesser, exercise this Option and purchase Shares to the
      extent, but only to the extent, that Optionee could have exercised this
      Option as of the date of Optionee’s death; provided, in any case, that
      this Option may be so exercised only to the extent that this Option has
      not previously been exercised by Optionee.

	 	 
	8. 	
      NO RIGHTS AS SHAREHOLDER.

	 	 
	8.1 	
      Optionee shall have no rights as a shareholder with
      respect to the Shares covered by any instalment of this Option until the
      effective date of the issuance of Shares following exercise of this
      Option, and no adjustment will be made for dividends or other rights for
      which the record date is prior to the date such stock certificate or
      certificates are issued except as provided in Section 9 hereof.

	 	 
	9. 	
      RECAPITALIZATION.

	 	 
	9.1 	
      Subject to any required action by the shareholders of the
      Company, the number of Shares covered by this Option, and the Exercise
      Price thereof, shall be proportionately adjusted for any increase or
      decrease in the number of issued Common Shares resulting from a
      subdivision or consolidation of Common Shares or the payment of a stock
      dividend, or any other increase or decrease in the number of such Common
      Shares effected without receipt of consideration by the Company; provided
      however that the conversion of any convertible securities of the Company
      shall not be deemed having been “effected without receipt of consideration
      by the Company.”

	 	 
	9.2 	
      In the event of a proposed dissolution or liquidation of
      the Company, a merger or consolidation in which the Company is not the
      surviving entity, or a sale of all or substantially all of the assets or
      capital stock of the Company (collectively, a “Reorganization”),
      this Option shall terminate immediately prior to the consummation of such
      proposed action, unless otherwise provided by the Board; provided,
      however, if Optionee shall be a consultant of the Company at the time such
      Reorganization is approved by the stockholders, Optionee shall have the
      right to exercise this Option as to all or any part of the Shares, without
      regard to the instalment provisions of Section 5, for a period beginning
      30 days prior to the consummation of such Reorganization and ending as of
      the Reorganization or the expiration of this Option, whichever is earlier,
      subject to the consummation of the Reorganization. In any event, the
      Company shall notify Optionee, at least 30 days prior to the consummation
      of such Reorganization, of his exercise rights, if any, and that the
      Option shall terminate upon the consummation of the
  Reorganization.

- 3 -

	9.3 	
      Subject to any required action by the shareholders of the
      Company, if the Company shall be the surviving entity in any merger or
      consolidation, this Option thereafter shall pertain to and apply to the
      securities to which a holder of Common Shares equal to the Shares subject
      to this Option would have been entitled by reason of such merger or
      consolidation, and the instalment provisions of Section 5 shall continue
      to apply.

	 	 
	9.4 	
      In the event of a change in the Common Shares of the
      Company as presently constituted, which is limited to a change of all of
      its authorized Common Shares without par value into the same number of
      Common Shares with a par value, the shares resulting from any such change
      shall be deemed to be the Shares within the meaning of this
  Option.

	 	 
	9.5 	
      To the extent that the foregoing adjustments relate to
      Common Shares or securities of the Company, such adjustments shall be made
      by the Board, whose determination in that respect shall be final, binding
      and conclusive. Except as hereinbefore expressly provided, Optionee shall
      have no rights by reason of any subdivision or consolidation of Common
      Shares of any class or the payment of any stock dividend or any other
      increase or decrease in the number of shares of stock of any class, and
      the number and price of Shares subject to this Option shall not be
      affected by, and no adjustments shall be made by reason of, any
      dissolution, liquidation, merger, consolidation or sale of assets or
      capital stock, or any issue by the Company of shares of stock of any class
      or securities convertible into shares of stock of any class.

	 	 
	9.6 	
      The grant of this Option shall not affect in any way the
      right or power of the Company to make adjustments, reclassifications,
      reorganizations or changes in its capital or business structure or to
      merge, consolidate, dissolve or liquidate or to sell or transfer all or
      any part of its business or assets.

	 	 
	10. 	
      TAXATION UPON EXERCISE OF OPTION.

	 	 
	10.1 	
      Optionee understands that, upon exercise of this Option,
      Optionee may, depending on applicable tax laws in the jurisdiction where
      Optionee is liable for the payment of income taxes, recognize income, for
      income tax purposes, in an amount equal to the amount by which the fair
      market value of the Shares, determined as of the date of exercise, exceeds
      the Exercise Price. The acceptance of the Shares by Optionee shall
      constitute an agreement by Optionee to report such income in accordance
      with then applicable law and to cooperate with the Company in establishing
      the amount of such income and corresponding deduction to the Company for
      its income tax purposes. Withholding for federal or state income and
      employment tax purposes will be made, if and as required by law, from
      Optionee’s then current compensation, or, if such current compensation is
      insufficient to satisfy withholding tax liability, the Company may require
      Optionee to make a cash payment to cover such liability as a condition of
      the exercise of this Option.

	 	 
	11. 	
      MODIFICATION, EXTENSION AND RENEWAL OF
    OPTIONS.

	 	 
	11.1 	
      The Board may modify, extend or renew this Option or
      accept the surrender thereof (to the extent not theretofore exercised) and
      authorize the granting of a new option in substitution therefor (to the
      extent not theretofore exercised), subject at all times to the applicable
      rules of any regulatory authority or stock exchange, and any applicable
      laws. Notwithstanding the foregoing provisions of this Section 11, no
      modification shall, without the consent of Optionee, materially alter to
      Optionee’s detriment or materially impair any rights of Optionee
      hereunder.

	 	 
	12. 	
      TSX VENTURE EXCHANGE

	 	 
		
      If and for so long as any of the Company’s securities are
      listed for trading on the TSX Venture Exchange (the “TSXV”), the
      provisions of this Section 12 will apply to this Agreement and to any
      Options granted hereunder. To the extent that the provisions of this
      Section are inconsistent with the provisions found in the other Sections
      of this Agreement, the provisions of this Section will
  prevail.

- 4 -

		12.1 	
      The term “consultant”, “consultant company” and
      “management company employee” will have the meanings as defined in the
      applicable policy of the TSXV. As a condition precedent to the issuance of
      an Option, the Company must be able to represent to the TSXV as of the
      grant date that Optionee is a bona fide consultant or management
      company employee, as the case may be.

	 	 	 	 
		12.2 	
      The exercise price of an Option must be paid in
    cash.

	 	 	 	 
		12.3 	
      Options and Shares will be subject to all applicable
      trading restrictions in effect pursuant to TSXV policies and the Company
      shall be entitled to legend any Option certificates and the certificates
      representing Shares issued upon exercise of Options accordingly, including
      TSXV legends, as applicable.

	 	 	 	 
		12.4 	
      In the event of Optionee’s death, any Options held by
      Optionee shall pass to the personal representative (being the executor or
      administrator of the deceased option holder, duly appointed by a court or
      public authority having jurisdiction to do so) of Optionee and shall be
      exercisable by the personal representative on or before the date which is
      the earlier of twelve months following the date of death and the
      applicable expiry date.

	 	 	 	 
		12.5 	
      Options granted hereunder shall expire on the date that
      is 30 days after the arrangement with Optionee to provide services expires
      or is terminated.

	 	 	 	 
		12.6 	
      The Company shall establish, and Optionee shall comply
      with, procedures to monitor any trading in Common Shares of the Company by
      Optionee or any of Optionee’s affiliates or associates (as those terms are
      defined by the TSXV). By way of example, these procedures may include the
      establishment of a designated brokerage account through with Optionee and
      its affiliates or associates conduct all trades in Common Shares of the
      Company, or the requirement that these persons file insider trading
      reports with the Company.

	 	 	 	 
		12.7 	
      The Options granted hereunder are subject to approval by
      a majority of the Company’s disinterested shareholders at a meeting of the
      shareholders if this Agreement would result at any time in:

	 	 	 	 
			i. 	
      the number of Common Shares reserved for issuance
      pursuant to all stock options granted to “Insiders” (as that term is
      defined under applicable law), including those granted pursuant to this
      Agreement, exceeding ten percent (10%) of the issued and outstanding
      Common Shares of the Company; or

	 	 	 	 
			ii. 	
      the grant to Insiders, within a 12 month period, of a
      number of options, including those granted pursuant to this Agreement,
      exceeding ten percent (10%) of the issued and outstanding Common Shares of
      the Company; or

	 	 	 	 
			iii. 	
      the issuance to any one person, including Optionee,
      within a 12 month year period, of a number of Common Shares exceeding five
      percent (5%) of the issued and outstanding Common Shares of the
      Company.

	 	 	 	 
	12.8 	
      If Optionee is not an individual, Optionee shall complete
      and file with TSXV a Certification and Undertaking Required from a
      Company Granted an Incentive Stock Option (Form 4F), as described in
      Sections 2.5 and 4.2 of TSXV Policy 4.4 as in effect on the date of this
      Agreement and as the same may be amended from time-to- time.

	 	 	 	 
	12.9 	
      Optionee shall complete and file a Personal
      Information Form (Form 2A) or, if applicable, a Statutory
      Declaration (Form 2C1) with TSXV.

- 5 -

	13. 	
      REPRESENTATIONS AND WARRANTIES

	 	 	 
	13.1 	
      Optionee authorizes the Company to represent and warrant
      to the TSXV that Optionee is a “consultant” of the Company (as that term
      is defined in Section 1.2 of TSXV Policy 4.4 as is in effect on the date
      of this Agreement and as the same may be amended from
  time-to-time).

	 	 	 
	13.2 	
      If on the date of this Agreement or on the date of
      exercise of any of the Options granted hereunder, Optionee is a U.S.
      Person (as defined in Rule 902 of Regulation S, promulgated by the
      Securities and Exchange Commission) or is physically located in the United
      States, Optionee represents and agrees that:

	 	 	 
		(a) 	
      if and when Optionee exercises this Option in whole or in
      part, Optionee will in each case acquire the Shares upon such exercise for
      the purpose of investment and not with a view to, or for resale in
      connection with, any distribution thereof; and that upon such exercise of
      this Option in whole or in part, Optionee (or any person or persons
      entitled to exercise this Option under the provisions of Section 7 hereof)
      shall furnish to the Company a written statement to such effect,
      satisfactory to the Company in form and substance. If the Shares
      represented by this Option are registered under the Securities Act of
      1933, as amended (the “Securities Act”) either before or after
      the exercise of this Option in whole or in part, Optionee shall be
      relieved of the foregoing investment representation and agreement and
      shall not be required to furnish the Company with the foregoing written
      statement;

	 	 	 
		(b) 	
      that Optionee has had access to the financial statements
      of the Company, has had the opportunity to ask questions of the Company
      concerning its business, operations and financial condition, and to obtain
      additional information reasonably necessary to verify the accuracy of such
      information (collectively, the “Company Information”). Optionee
      understands that all of the Company Information is available for
      Optionee’s review on both the EDGAR database maintained by the Securities
      and Exchange Commission (as www.sec.gov) and the SEDAR database maintained
      by the Canadian Securities Administrators (at www.sedar.com);

	 	 	 
		(c) 	
      that Optionee has sufficient education and experience as
      will enable Optionee to review and understand the Company Information and
      is able to assess the merits and the risks of an investment in the Company
      and its business; and

	 	 	 
		(d) 	
      that all information contained in the Questionnaire is
      complete and accurate and Optionee understands and agrees that the Company
      and others will rely upon the truth and accuracy of the acknowledgements,
      representations and agreements contained in this Agreement and the
      Questionnaire, and agrees that if any of such acknowledgements,
      representations and agreements are no longer accurate or have been
      breached, Optionee shall promptly notify the Company.

	 	 	 
	13.3 	
      The securities deliverable upon exercise of this Option
      may be subject to restrictions on resale under applicable securities laws
      and the policies of any stock exchange or market on which the Company’s
      securities may be traded or listed for quotation from time-to-time.
      Optionee agrees that the Company may take such steps as the Company deems
      reasonably necessary to comply with applicable law and the requirements of
      any stock exchange and, promptly after receipt of any request from the
      Company, acting reasonably, Optionee shall cooperate with the Company in
      providing information to regulatory authorities, filing required reports
      and similar compliance efforts.

	 	 	 
	13.4 	
      Unless and until the Shares represented by this Option
      are registered under the Securities Act, all certificates representing the
      Shares and any certificates subsequently issued in substitution therefor
      and any certificate for any securities issued pursuant to any stock split,
      share reclassification, stock dividend or other similar capital event
      shall bear legends in substantially the following
form:

- 6 -

	
      THESE SECURITIES HAVE NOT BEEN REGISTERED WITH THE
      SECURITIES AND EXCHANGE COMMISSION OR THE UNITED STATES SECURITIES
      COMMISSION OF ANY STATE AND HAVE BEEN ISSUED IN RELIANCE UPON AN EXEMPTION
      FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
      “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT
      PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT
      OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT
      SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN
      ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS. IN ADDITION, HEDGING
      TRANSACTIONS INVOLVING THE SECURITIES MAY NOT BE CONDUCTED UNLESS IN
      COMPLIANCE WITH THE SECURITIES ACT. 

and/or such other legend or legends as the Company and its
counsel deem necessary or appropriate including, where applicable, any legend
required by the Canadian securities laws or any stock exchange on which
securities of the Company are traded. Appropriate stop transfer instructions
with respect to the Shares have been placed with the Company’s transfer
agent.

	14. 	
      STAND-OFF AGREEMENT.

	 	 
	14.1 	
      Optionee agrees that, in connection with any registration
      of the Company’s securities under the Securities Act, and upon the request
      of the Company or any underwriter managing in an underwritten offering of
      the Company’s securities, Optionee shall not sell, short any sale of,
      loan, grant an option for, or otherwise dispose of any of the Shares
      (other than Shares included in the offering) without the prior written
      consent of the Company or such managing underwriter, as applicable, for a
      period of at least one year following the effective date of registration
      of such offering.

	 	 
	15. 	
      NOTICES.

	 	 
	15.1 	
      Any notice required to be given pursuant to this Option
      shall be in writing and shall be deemed to be delivered upon receipt or,
      in the case of notices by the Company, five (5) days after deposit in the
      mail, postage prepaid, addressed to Optionee at the address last provided
      by Optionee to the Company.

	 	 
	16. 	
      INDEPENDENT LEGAL
ADVICE

	16.1 	Optionee acknowledges that:

	 	(a) 	
      this Agreement was prepared by Clark Wilson LLP who is
      solely representing the Company;

	 	 	 
	 	(b) 	
      Clark Wilson LLP received instructions from the Company
      and does not represent Optionee;

	 	 	 
	 	(c) 	
      Optionee has been requested to obtain his own independent
      legal advice. including tax advice;

	 	 	 
	 	(d) 	
      Optionee has been given adequate time to obtain
      independent legal advice;

	 	 	 
	 	(e) 	
      by signing this Agreement, Optionee confirms that he
      fully understands this Agreement; and

	 	 	 
	 	(f) 	
      by signing this Agreement without first obtaining
      independent legal advice, Optionee waives his right to obtain legal
      advice.

- 7 -

	17. 	
      APPLICABLE LAW.

	 	 
	17.1 	
      The interpretation and enforcement of this Option
      Agreement and any questions with respect to the validity of any Options
      granted hereunder shall be governed by the laws of the State of Nevada
      and, to the extent applicable, the federal laws of the United States and
      the securities laws of any state or province of the United States or
      Canada having jurisdiction over the Company.

[SIGNATURE PAGE FOLLOWS.]

- 8 -

IN WITNESS WHEREOF, the parties hereto have executed
this Option as of the date first above written.

	COMPANY: 	MANAS PETROLEUM CORPORATION, 
	  	a Nevada corporation 
	  	  	 
	  	  	 
	  	By: 	/s/ Peter-Mark Vogel
	  	Name: 	Peter-Mark Vogel  
	  	Title: 	President
	  	  	 
	OPTIONEE: 	BRISCO CAPITAL PARTNERS CORPORATION,
    
	  	an Alberta corporation 
	  	  	 
	  	  	 
	  	By: 	/s/ Scott Koyich
	  	Name: 	Scott Koyich  
	  	Title: 	President

SCHEDULE A

NOTICE OF EXERCISE

MANAS PETROLEUM CORPORATION

Re: Nonstatutory Stock Option

Notice is hereby given pursuant to Section 6 of my Nonstatutory
Stock Option Agreement that I elect to purchase the number of shares set forth
below at the exercise price set forth in my option agreement:

Nonstatutory Stock Option Agreement
dated: ________________

Number of shares being purchased:
________________

Exercise Price: $________________

A check in the amount of the aggregate
price of the shares being purchased is attached.

I hereby confirm that such shares (the “Option Shares”)
are being acquired by me for my own account for investment purposes, and not
with a view to, or for resale in connection with, any distribution thereof. I
will not sell or dispose of my Shares in violation of the Securities Act of
1933, as amended, or any applicable federal or state securities laws.

I represent that, at the time of exercise of my Stock Option,
all of the representations and warranties contained in my Stock Option
Agreement, and any certificates, questionnaires, or other instruments attached
thereto, are true and accurate.

I understand that the certificate representing the Option
Shares will bear a restrictive legend within the contemplation of the Securities
Act and as required by such other state or federal law or regulation applicable
to the issuance or delivery of the Option Shares.

I agree to provide to the Company such additional documents or
information as may be required pursuant to my Stock Option Agreement.

	 	By: 	 
	 	   	(signature)
	 	  	 
	 	 	 
	 	Name: 	 

SCHEDULE B

ACCREDITED INVESTOR QUESTIONNAIRE

(TO BE COMPLETED IF OPTIONEE IS A U.S. PERSON AT THE DATE OF
GRANT OR AT THE DATE OF 
EXERCISE OF THE OPTIONS)

All capitalized terms herein, unless otherwise defined, have
the meanings ascribed thereto in the Stock Option Agreement.

Optionee covenants, represents and warrants to the Company that
he satisfies one or more of the categories of “Accredited Investors”, as defined
by Regulation D promulgated under the Securities Act, as indicated below:
(Please initial in the space provide those categories, if any, of an “Accredited
Investor” which Optionee satisfies)

		_____	Category 1 	
      An organization described in Section 501(c)(3) of the
      United States Internal Revenue Code, a corporation, a Massachusetts or
      similar business trust or partnership, not formed for the specific purpose
      of acquiring the Units, with total assets in excess of US $5,000,000;
    

	 	 	  	
       

		_____	Category 2 	
      A natural person whose individual net worth, or joint net
      worth with that person’s spouse, on the date of purchase exceeds US
      $1,000,000; 

	 	 	  	
       

		_____	Category 3 	
      A natural person who had an individual income in excess
      of US $200,000 in each of the two most recent years or joint income with
      that person’s spouse in excess of US $300,000 in each of those years and
      has a reasonable expectation of reaching the same income level in the
      current year; 

	 	 	  	
       

		_____	Category 4 	
      A “bank” as defined under Section (3)(a)(2) of the
      Securities Act or savings and loan association or other institution as
      defined in Section 3(a)(5)(A) of the Securities Act acting in its
      individual or fiduciary capacity; a broker dealer registered pursuant to
      Section 15 of the Securities Exchange Act of 1934 (United States);
      an insurance company as defined in Section 2(13) of the Securities Act; an
      investment company registered under the Investment Company Act of
      1940 (United States) or a business development company as defined in
      Section 2(a)(48) of such Act; a Small Business Investment Company licensed
      by the U.S. Small Business Administration under Section 301(c) or (d) of
      the Small Business Investment Act of 1958 (United States); a
      plan with total assets in excess of $5,000,000 established and maintained
      by a state, a political subdivision thereof, or an agency or
      instrumentality of a state or a political subdivision thereof, for the
      benefit of its employees; an employee benefit plan within the meaning of
      the Employee Retirement Income Security Act of 1974 (United States)
      whose investment decisions are made by a plan fiduciary, as defined in
      Section 3(21) of such Act, which is either a bank, savings and loan
      association, insurance company or registered investment adviser, or if the
      employee benefit plan has total assets in excess of $5,000,000, or, if a
      self- directed plan, whose investment decisions are made solely by persons
      that are accredited investors; 

	 	 	  	
       

		_____	Category 5 	
      A private business development company as defined in
      Section 202(a)(22) of the Investment Advisers Act of 1940 (United
      States); 

	 	 	  	
       

	 	_____	Category 6 	
      A director or executive officer of the Company;
  

- 2 -

		_____	Category 7 	A trust with total assets in excess of
      $5,000,000, not formed for the specific purpose of acquiring the
      Securities, whose purchase is directed by a sophisticated person as
      described in Rule 506(b)(2)(ii) under the Securities Act; 
	 	 	  	  
		_____	Category 8 	An entity in which all of the equity owners
      satisfy the requirements of one or more of the foregoing categories;
  

Optionee hereby certifies that the information contained in
this Questionnaire is complete and accurate and Optionee will notify the Company
promptly of any change in any such information.

IN WITNESS WHEREOF, the undersigned has executed this
Questionnaire as of the _______day of __________________, 20__.

	 	X
  
	 	Signature 
	 	 
	 	 
	 	Print or Type Name 
	 	 
	 	 
	 	Social Security/Tax I.D. No.Wolverine Exploration Inc.: Exhibit 10.2 - Filed by newsfilecorp.com

THIS OPTION CANCELLATION AGREEMENT is made this 9th day of
September, 2011.

BETWEEN:

BRUCE COSTERD,
of 
                                                                                                
                                                                                                

(hereinafter referred to as the "Optionee")

AND:

WOLVERINE EXPLORATION INC., of
4055 McLean Road, 
Quesnel, British Columbia V2J 6V5

(hereinafter referred to as the
"Company")

WHEREAS:

	A. 	
      The Optionee currently holds options to purchase up to
      2,400,000 common shares of the Company at a price of $0.14
      per common share until May 28, 2015, pursuant to a stock option
      agreement dated May 28, 2010 (the "Option Agreement");

	 	 
	B. 	
      The Company and the Optionee wish to cancel an aggregate
      of 200,000 options (the “Cancelled Options”);

THEREFORE this agreement witnesses that in consideration
of the sum of $1.00 given by the Company to the Optionee and other good and
valuable consideration given by each to the other, the receipt and sufficiency
of which is acknowledged by the respective parties, the parties hereto agree as
follows:

	1. 	
      The Cancelled Options are hereby cancelled and of no
      further force and effect.

	 	 
	2. 	
      The Option Agreement is hereby amended to provide that
      the Optionee holds options to purchase up to 2,200,000 common
      shares of the Company at a price of $0.14 per common share until
      May 28, 2015.

	 	 
	3. 	
      The parties agree to execute such further documents and
      assurances as may be required to effect the intent hereof.

	 	 
	4. 	
      This Agreement is personal in nature and shall enure to
      the benefit of and be binding upon the parties hereto and their respective
      executors, administrators, successors and permitted assigns.

	 	 
	5. 	
      Whenever the singular or masculine are used throughout
      this Agreement, the same shall be construed as being the plural or
      feminine or neuter where the context so requires, and vice
versa.

	 	 
	6. 	
      This Agreement shall be governed, construed and enforced
      according to the laws of the Province of British Columbia and is subject
      to the exclusive jurisdiction of the courts of the Province of British
      Columbia.

- 2 -

	7. 	
      The Optionee and the Company may execute this Agreement
      in two or more counterparts and deliver same by facsimile, and any such
      counterparts and facsimiles shall be deemed to constitute one and the same
      instrument, to be an originally executed document, and to bear the date
      and be effective as of the date first above
written.

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

	WOLVERINE EXPLORATION INC. 	  	  
	  	  	  
	  	  	  
	Per: 	  	  
	           Authorized
      Signatory 	  	  
	  	  	  
	  	  	  
	WITNESSED BY: 	) 	  
	  	) 	  
	  	) 	  
	Name 	) 	  
	  	) 	  
	  	) 	 
    
	Address 	) 	BRUCE COSTERD 
	  	) 	  
	  	) 	  
	Occupation 	)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00194-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00194-of-00352.parquet"}]]