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                                                                     EXHIBIT 4.1

                           IRON STAR DEVELOPMENT, INC.

                        2006 Stock and Stock Option Plan

Article 1. Establishment and Purpose

         1.1 Establishment of the Plan. Iron Star Development, Inc., a Utah
corporation (the "Company" or "Iron Star Development"), hereby establishes an
incentive compensation plan (the "Plan"), as set forth in this document.

         1.2 Purpose of the Plan. The purpose of the Plan is to promote the
success and enhance the value of the Company by linking the personal interests
of Participants to those of the Company's shareholders, and by providing
Participants with an incentive for outstanding performance. The Plan is further
intended to attract and retain the services of Participants upon whose judgment,
interest, and special efforts the successful operation of Iron Star Development
and its subsidiaries is dependent.

         1.3 Effective Date of the Plan. The Plan shall become effective on
September 5, 2006.

Article 2. Definitions

         Whenever used in the Plan, the following terms shall have the meanings
set forth below and, when the meaning is intended, the initial letter of the
word is capitalized:

         (a) "Award" means, individually or collectively, a grant under this
Plan of Stock, Stock Options, or Restricted Stock.

         (b) "Award Agreement" means an agreement which may be entered into by
each Participant and the Company, setting forth the terms and provisions
applicable to Awards granted to Participants under this Plan.

         (c) "Board" or "Board of Directors" means the Company's Board of
Directors.

         (d) "Cause" shall mean willful and gross misconduct on the part of an
Eligible Person that is materially and demonstrably detrimental to the Company
or any Subsidiary as determined by the Committee in its sole discretion.

         (e) "Change in Control" shall be deemed to have occurred if (i) any
"person" (as such term is used in Sections 13(d) and 14(d) of the Exchange Act),
other than (A) a person who on September 5, 2006 was the beneficial owner of
more than 25% of the outstanding Shares, (B) a trustee or other fiduciary
holding securities under an employee benefit plan of the Company or (C) a
corporation owned directly or indirectly by the shareholders of the Company in

                                      -1-
<PAGE>

substantially the same proportions as their ownership of stock of the Company,
is or becomes the "beneficial owner" (as defined in Rule 13d-3 under said Act),
directly or indirectly, of securities of the Company representing fifty percent
(50%) or more of the total voting power represented by the Company's then
outstanding voting securities, or (ii) during any period of two (2) consecutive
years, individuals who at the beginning of such period constitute the Board of
Directors of the Company and any new Director whose election by the Board of
Directors or nomination for election by the Company's shareholders was approved
by a vote of at least two-thirds (2/3) of the Directors then still in office who
either were Directors at the beginning of the period or whose election or
nomination for election was previously so approved, cease for any reason to
constitute a majority thereof, or (iii) the shareholders of the Company approve
a merger or consolidation of the Company with any other corporation, other than
a merger or consolidation which would result in the voting securities of the
Company outstanding immediately prior thereto continuing to represent (either by
remaining outstanding or by being converted into voting securities of the
surviving entity) at least fifty-five percent (55%) of the total voting power
represented by the voting securities of the Company or such surviving entity
outstanding immediately after such merger or consolidation, or the shareholders
of the Company approve a plan of complete liquidation of the Company or an
agreement for the sale or disposition by the Company of all or substantially all
the Company's assets.

         (f) "Code" means the Internal Revenue Code of 1986, as amended from
time to time.

         (g) "Committee" means the committee or committees, as specified in
Article 3, appointed by the Board to administer the Plan with respect to grants
of Awards.

         (h) "Consultant" means a natural person under contract with the Company
to provide bona fide services to the Company which are not in connection with
the offer or sale of securities in a capital-raising transaction and do not
directly or indirectly promote or maintain a market for the Company's
securities.

         (i) "Director" means any individual who is a member of the Iron Star
Development Board of Directors.

         (j) "Disability" shall mean the Participant's inability to perform the
Participant's normal Employment functions due to any medically determinable
physical or mental disability, which can last or has lasted 12 months or is
expected to result in death.

         (k) "Eligible Person" means an Employee, Director or Consultant.

         (l) "Employee" means any officer or employee of the Company or of one
of the Company's Subsidiaries. Directors who are not otherwise employed by the
Company shall not be considered Employees under this Plan.

         (m) "Employment," with reference to an Employee, means the condition of
being an officer or employee of the Company or one of its Subsidiaries.
"Employment," with reference to a Consultant, means the condition of being a

                                      -2-
<PAGE>

Consultant. "Employment," with reference to a Director, means the condition of
being a Director. The change in status of an Eligible Person among the
categories of Employee, Director and Consultant shall not be deemed a
termination of Employment.

         (n) "Exchange Act" means the Securities Exchange Act of 1934, as
amended from time to time, or any successor Act thereto.

         (o) "Exercise Price" means the price at which a Share may be purchased
by a Participant pursuant to an Option, as determined by the Committee.

         (p) "Insider" shall mean an Eligible Person who is, on the relevant
date, an officer, director, or ten percent (10%) beneficial owner of the
Company, as those terms are defined under Section 16 of the Exchange Act.

         (q) "Option" or "Stock Option" shall mean an option to purchase Shares
granted hereunder.

         (r) "Participant" means a person who holds an outstanding Award granted
under the Plan.

         (s) "Plan" means this 2006 Stock and Stock Option Plan.

         (t) "Restricted Stock" means an Award of Stock granted to an Eligible
Person pursuant to Article 7 herein.

         (u) "Restriction Period" means the period during which Shares of
Restricted Stock are subject to restrictions or conditions under Article 7.

         (v) "Shares" or "Stock" means the shares of common stock of the
Company.

         (w) "Subsidiary" shall mean any corporation in which the Company owns
directly, or indirectly through subsidiaries, more than fifty percent (50%) of
the total combined voting power of all classes of Stock, or any other entity
(including, but not limited to, partnerships and joint ventures) in which the
Company owns more than fifty percent (50%) of the combined equity thereof.

Article 3. Administration

         3.1 The Committee. The Plan and all Awards hereunder shall be
administered by one or more Committees of the Board as may be appointed by the
Board for this purpose. The Board may appoint a Committee specifically
responsible for Awards to Insiders (the "Disinterested Committee") where each
Director on such Disinterested Committee is a "Non-Employee Director" (or any
successor designation for determining who may administer plans, transactions or

                                      -3-
<PAGE>

awards exempt under Section 16(b) of the Exchange Act), as that term is used in
Rule 16b-3 under the Exchange Act, as that rule may be modified from time to
time. If no specific Committee is appointed by the Board, then the Board in its
entirety shall be the Committee. Any Committee may be replaced by the Board at
any time.

         3.2 Authority of the Committee. The Committee shall have full power,
except as limited by law and subject to the provisions herein, to select the
recipients of Awards; to determine the size and types of Awards; to determine
the terms and conditions of such Awards in a manner consistent with the Plan; to
construe and interpret the Plan and any agreement or instrument entered into
under the Plan; to establish, amend, or waive rules and regulations for the
Plan's administration; and to amend the terms and conditions of any outstanding
Award to the extent such terms and conditions are within the discretion of the
Committee as provided in the Plan. Further, the Committee shall make all other
determinations which may be necessary or advisable for the administration of the
Plan.

         No Award may be made under the Plan after December 31, 2014.

         All determinations and decisions made by the Committee pursuant to the
provisions of the Plan and all related orders or resolutions of the Board shall
be final, conclusive, and binding on all persons, including the Company, its
stockholders, Eligible Persons, Participants, and their estates and
beneficiaries.

         Subject to the terms of this Plan, the Committee is authorized, and
shall not be limited in its discretion, to use any of the Performance Criteria
specified herein in its determination of Awards under this Plan.

Article 4. Shares Subject to the Plan

         4.1 Number of Shares. Subject to adjustment as provided in Section 4.3
herein, the number of Shares available for grant under the Plan shall not exceed
ten thousand (10,000) Shares. The Shares granted under this Plan may be either
authorized but unissued or reacquired Shares.

         4.2 Lapsed Awards. If any Award granted under this Plan is canceled,
terminates, expires, or lapses for any reason, Shares subject to such Award
shall be again available for the grant of an Award under the Plan.

         4.3 Adjustments in Authorized Plan Shares. In the event of any merger,
reorganization, consolidation, recapitalization, separation, liquidation, Stock
dividend, split-up, Share combination, or other change in the corporate
structure of the Company affecting the Shares, an adjustment shall be made in
the number and class of Shares which may be delivered under the Plan, and in the
number and class of and/or price of Shares subject to outstanding Awards granted
under the Plan, and/or the number of outstanding Options and Shares of
Restricted Stock constituting outstanding Awards, as may be determined to be
appropriate and equitable by the Committee, in its sole discretion, to prevent
dilution or enlargement of rights.

                                      -4-
<PAGE>

Article 5. Stock Grant

         5.1 Grant of Stock. Subject to the terms and provisions of the Plan,
the Board of Directors, at any time and from time to time, may grant Shares of
Stock to Eligible Persons in such amounts and upon such terms and conditions as
the Board of Directors shall determine.

Article 6. Stock Options

         6.1 Grant of Options. Subject to the terms and provisions of the Plan,
Options may be granted to Eligible Persons at any time and from time to time,
and under such terms and conditions, as shall be determined by the Committee.
The Committee shall have discretion in determining the number of Shares subject
to Options granted to each Eligible Person.

         6.2 Form of Issuance. Each Option grant may be issued in the form of an
Award Agreement and/or may be recorded on the books and records of the Company
for the account of the Participant. If an Option is not issued in the form of an
Award Agreement, then the Option shall be deemed granted as determined by the
Committee. The terms and conditions of an Option shall be set forth in the Award
Agreement, in the notice of the issuance of the grant, or in such other
documents as the Committee shall determine. Such terms and conditions shall
include the Exercise Price, the duration of the Option, the number of Shares to
which an Option pertains (unless otherwise provided by the Committee, each
Option may be exercised to purchase one Share), and such other provisions as the
Committee shall determine.

         6.3 Exercise Price. The Exercise Price of an Option shall be determined
by the Committee in its sole discretion.

         6.4 Duration of Options. Each Option shall expire at such time as the
Committee shall determine at the time of grant (which duration may be extended
by the Committee); provided, however, that no Option shall be exercisable later
than the tenth (10th) anniversary date of its grant. If, however, the Eligible
Person owns stock possessing more than ten percent (10%) of the total combined
voting power of all classes of stock of the Company or of its parent or
subsidiary corporations, then no Option shall be exercisable later than the
fifth (5th) anniversary date of its grant.

         6.5 Vesting of Options. Options shall vest at such times and under such
terms and conditions as determined by the Committee; provided, however, unless a
different vesting period is provided by the Committee at or before the grant of
an Option, the Options will vest on the first anniversary of the grant.

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<PAGE>

         6.6 Exercise of Options. Options granted under the Plan shall be
exercisable at such times and be subject to such restrictions and conditions as
the Committee shall in each instance approve, which need not be the same for
each grant or for each Participant.

         Options shall be exercised by delivery of a written notice (including
e-mail and telecopies) to the Secretary of the Company (or, if so provided by
the Company, to its designated agent), which notice shall be irrevocable,
setting forth the exact number of Shares with respect to which the Option is
being exercised and including with such notice payment of the Exercise Price.
When Options have been transferred, the Company or its designated agent may
require appropriate documentation that the person or persons exercising the
Option, if other than the Participant, has the right to exercise the Option. No
Option may be exercised with respect to a fraction of a Share.

         6.7 Termination of Employment. Unless otherwise provided by the
Committee, the following limitations on exercise of Options shall apply upon
termination of Employment:

         (a) Termination by Death or Disability. In the event the Employment of
a Participant shall terminate by reason of death or Disability, all outstanding
Options granted to that Participant shall immediately vest as of the date of
termination of Employment and may be exercised, if at all, no more than three
(3) years from the date of the termination of Employment, unless the Options, by
their terms, expire earlier.

         (b) Termination for Cause. If the Employment of a Participant shall be
terminated by the Company for Cause, all outstanding Options held by the
Participant shall immediately be forfeited to the Company and no additional
exercise period shall be allowed, regardless of the vested status of the
Options.

         (c) Retirement or Other Termination of Employment. If the Employment of
a Participant shall terminate for any reason other than the reasons set forth in
(a) or (b) above, all outstanding Options which are vested as of the effective
date of termination of Employment may be exercised, if at all, no more than
thirty (30) days from the date of termination of Employment, unless the Options,
by their terms, expire earlier. In the event of the death of the Participant
after termination of Employment, this paragraph (c) shall still apply and not
paragraph (a), above.

         (d) Options not Vested at Termination. Except as provided in paragraph
(a) above, all Options held by the Participant which are not vested on or before
the effective date of termination of Employment shall immediately be forfeited
to the Company (and shall once again become available for grant under the Plan).

         (e) Notwithstanding the foregoing, the Committee may, in its sole
discretion, establish different terms and conditions pertaining to the effect of
termination of Employment, but no such modification shall shorten the terms of
Options issued prior to such modification.

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<PAGE>

         6.9 Restrictions on Exercise and Transfer of Options. Unless otherwise
provided by the Committee:

         (a) During the Participant's lifetime, the Participant's Options shall
be exercisable only by the Participant or by the Participant's guardian or legal
representative. After the death of the Participant, an Option shall only be
exercised by the holder thereof (including, but not limited to, an executor or
administrator of a decedent's estate) or his guardian or legal representative.

         (b) No Option shall be transferable except: (i) in the case of the
Participant, only upon the Participant's death; and (ii) in the case of any
holder after the Participant's death, only by will or by the laws of descent and
distribution.

         6.10 Competition. Notwithstanding anything in this Article 6 to the
contrary, in the event the Committee determines, in its sole discretion, that a
Participant is engaging in activity competitive with the Company, any
Subsidiary, or any business in which any of the foregoing have a substantial
interest (the "Iron Star Development Businesses"), the Committee may cancel any
Option granted to such Participant, whether or not vested, in whole or in part.
Such cancellation shall be effective as of the date specified by the Committee.
Competitive activity shall mean any business or activity if a substantially
similar business activity is being carried on by an Iron Star Development
Business, including, but not limited to, representing or providing consulting
services to any person or entity that is engaged in competition with a Iron Star
Development Business or that takes a position adverse to a Iron Star Development
Business. However, competitive activity shall not include, among other things,
owning a nonsubstantial interest as a shareholder in a competing business.

Article 7. Restricted Stock

         7.1 Grant of Restricted Stock. Subject to the terms and provisions of
the Plan, the Committee, at any time and from time to time, may grant Shares of
Restricted Stock to Eligible Persons in such amounts and upon such terms and
conditions as the Committee shall determine.

         7.2 Restricted Stock Agreement. The Committee may require, as a
condition to an Award, that a recipient of a Restricted Stock Award enter into a
Restricted Stock Award Agreement, setting forth the terms and conditions of the
Award. In lieu of a Restricted Stock Award Agreement, the Committee may provide
the terms and conditions of an Award in a notice to the Participant of the
Award, on the Stock certificate representing the Restricted Stock, in the
resolution approving the Award, or in such other manner as it deems appropriate.

         7.3 Transferability. Except as otherwise provided in this Article 7,
the Shares of Restricted Stock granted herein may not be sold, transferred,
pledged, assigned, or otherwise alienated or hypothecated until the end of the
applicable Restriction Period established by the Committee, if any.

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<PAGE>

         7.4 Other Restrictions. The Committee may impose such other conditions
and/or restrictions on any Shares of Restricted Stock granted pursuant to the
Plan as it may deem advisable including, without limitation, a requirement that
Participants pay a stipulated purchase price for each Share of Restricted Stock
and/or restrictions under applicable Federal or state securities laws; and may
legend the certificates representing Restricted Stock to give appropriate notice
of such restrictions.

         The Company shall also have the right to retain the certificates
representing Shares of Restricted Stock in the Company's possession until such
time as all conditions and/or restrictions applicable to such Shares have been
satisfied.

         7.5 Removal of Restrictions. Except as otherwise provided in this
Article 7, Shares of Restricted Stock covered by each Restricted Stock grant
made under the Plan shall become freely transferable by the Participant after
the last day of the Restriction Period and completion of all conditions to
vesting, if any. However, unless otherwise provided by the Committee, the
Committee, in its sole discretion, shall have the right to immediately waive all
or part of the restrictions and conditions with regard to all or part of the
Shares held by any Participant at any time.

         7.6 Voting Rights, Dividends and Other Distributions. During the
Restriction Period, Participants holding Shares of Restricted Stock granted
hereunder may exercise full voting rights and shall receive all regular cash
dividends paid with respect to such Shares. Except as provided in the following
sentence, in the sole discretion of the Committee, other cash dividends and
other distributions paid to Participants with respect to Shares of Restricted
Stock may be subject to the same restrictions and conditions as the Shares of
Restricted Stock with respect to which they were paid. If any such dividends or
distributions are paid in Shares, the Shares shall be subject to the same
restrictions and conditions as the Shares of Restricted Stock with respect to
which they were paid.

         7.7 Termination of Employment Due to Death or Disability. In the event
the Employment of a Participant shall terminate by reason of death or
Disability, unless otherwise provided by the Committee prior to or at the time
of the Award, all Restriction Periods and all restrictions imposed on
outstanding Shares of Restricted Stock held by the Participant shall immediately
lapse and the Restricted Stock shall immediately become fully vested as of the
date of termination of Employment.

         7.8 Termination of Employment for Other Reasons. If the Employment of a
Participant shall terminate for any reason other than those specifically set
forth in Section 7.7 herein, all Shares of Restricted Stock held by the
Participant which are not vested as of the effective date of termination of
Employment immediately shall be forfeited and returned to the Company.

                                      -8-
<PAGE>

Article 8. Employee Matters

         8.1 Employment Not Guaranteed. Nothing in the Plan shall interfere with
or limit in any way the right of the Company or any Subsidiary to terminate any
Participant's Employment at any time, nor confer upon any Participant any right
to continue in the employ of the Company or one of its Subsidiaries.

         8.2 Participation. No Eligible Person shall have the right to be
selected to receive an Award under this Plan, or, having been so selected, to be
selected to receive a future Award.

         8.3 Claims and Appeals. Any claim under the Plan by a Participant or
anyone claiming through a Participant shall be presented to the Committee. Any
person whose claim under the Plan has been denied may, within sixty (60) days
after receipt of notice of denial, submit to the Committee a written request for
review of the decision denying the claim. The Committee shall determine
conclusively for all parties all questions arising in the administration of the
Plan.

Article 9. Amendment, Modification, and Termination

         9.1 Amendment, Modification, and Termination. The Board of Directors
alone shall have the right to alter, amend or revoke the Plan or any part
thereof at any time and from time to time, provided, however, that the Board of
Directors may not, without the approval of the holders of a majority of the
voting Shares, make any alteration or amendment to the Plan which changes the
aggregate number of shares of Common Stock which may be issued under the Plan,
extend the term of the Plan, or change the employees or class of employees
eligible to receive Awards thereunder. The Board may at any time suspend or
terminate the Plan in whole or in part.

         9.2 Awards Previously Granted. No termination, amendment, or
modification of the Plan shall adversely affect in any material way any Award
previously granted under the Plan, without the written consent of the
Participant holding such Award.

Article 10. Change in Control

         Upon the occurrence of a Change in Control:

         (a) Any and all Options granted hereunder immediately shall become
vested and exercisable;

         (b) Any Restriction Periods and all restrictions imposed on Restricted
Shares shall lapse and they shall immediately become fully vested.

Article 11 Withholding

         11 1 Tax Withholding. The Company shall deduct or withhold an amount
sufficient to satisfy Federal, state, and local taxes (including the
Participant's employment tax obligations) required by law to be withheld with
respect to any taxable event arising or as a result of this Plan ("Withholding
Taxes").

                                      -9-
<PAGE>

         11.2 Share Withholding. With respect to withholding required upon the
exercise of Options, upon the lapse of restrictions on Restricted Stock, or upon
any other taxable event hereunder involving the transfer of Stock to a
Participant, the Company shall withhold Stock having a Fair Market Value on the
date the tax is to be determined in an amount equal to the Withholding Taxes on
such Stock. Any fractional Share remaining after the withholding shall be
withheld as additional Federal withholding.

         11.3 Payment In Lieu of Share Withholding. In any situation in which
the Company would be required to withhold Stock pursuant to Sec 11.2 above, the
Participant may, in lieu of all or part of such withholding, remit to the
Company an amount in cash sufficient to satisfy the federal, state and local
withholding tax requirements or may direct the Company to withhold from other
amounts payable to the Participant, including salary.

Article 12. Successors

         All obligations of the Company under the Plan, with respect to Awards
granted hereunder, shall be binding on any successor to the Company, whether the
existence of such successor is the result of a direct or indirect purchase,
merger, consolidation, or otherwise, of all or substantially all of the business
and/or assets of the Company.

Article 13. Legal Construction

         13.1 Severability. In the event any provision of the Plan shall be held
illegal or invalid for any reason, the illegality or invalidity shall not affect
the remaining parts of the Plan, and the Plan shall be construed and enforced as
if the illegal or invalid provision had not been included.

         13.2 Requirements of Law. The granting of Awards and the issuance of
Shares under the Plan shall be subject to all applicable laws, rules, and
regulations, and to such approvals by any governmental agencies or national
securities exchanges as may be required.

         13.3 Securities Law Compliance. With respect to Insiders, transactions
under this Plan are intended to comply with all applicable conditions of Rule
16b-3 or its successors under the Exchange Act. To the extent any provision of
the plan or action by the Committee fails to comply with a condition of Rule
16b-3 or its successors, it shall not apply to the Insiders or transactions
thereby.

         13.4 Governing Law. To the extent not preempted by Federal law, the
Plan, and all agreements hereunder, shall be construed in accordance with and
governed by the laws of the State of Utah.

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--------------------------------------------------------------------------------Exhibit 4.1

     

      
        

      

    

     

    Exhibit
      4.1

     

    
      
 

     

     

     

     

    
      
        
        

      

      
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      VOTING
        AGREEMENT

       

      This
        VOTING AGREEMENT (this “Agreement”)
        is
        entered into as of September 20, 2006, by and among Gasco Energy, Inc., a
        Nevada
        corporation (“Parent”)
        and
        Richard N. Jeffs, Gregory Pek, Ian Robinson, Michael L. Nazmack, Eugene Sweeney
        and Shawne Malone (each a “Stockholder”
and
        collectively, “Stockholders”).
        

       

      RECITALS

       

      WHEREAS,
        each Stockholder is the holder of record and the “beneficial owner” (within the
        meaning of Rule 13d-3 under the Securities Exchange Act of 1934, as amended,
        (the “Exchange
        Act”))
        of
        certain shares of common stock of Brek Energy Corporation, a Nevada corporation
        (the “Company”);
        

       

      WHEREAS,
        concurrently with the execution and delivery of this Agreement, Parent, Gasco
        Acquisition, Inc., a Nevada corporation (“Merger
        Sub”),
        and
        the Company are entering into an Agreement and Plan of Merger (the “Merger
        Agreement”)
        which
        provides (subject to the conditions set forth therein) for, among other things,
        the merger of Merger Sub with and into the Company (the “Merger”);
        

       

      WHEREAS,
        the execution and delivery of this Agreement by the Stockholders, and the
        form
        and substance of this Agreement, have been approved by the board of directors
        of
        the Company;

       

      WHEREAS,
        in connection with the Merger, the outstanding shares of common stock of
        the
        Company are to be converted into the right to receive the Merger Consideration;
        and 

       

      WHEREAS,
        it is a condition to the Company entering into the Merger Agreement that
        the
        Stockholders and the Parent enter into this Agreement; 

       

      NOW,
        THEREFORE, the parties to this Agreement, intending to be legally bound,
        hereby
        agree, in consideration of the premises and other good and valuable
        consideration, the receipt and sufficiency of which are hereby acknowledged,
        as
        follows: 

       

      ARTICLE
        I

      DEFINITIONS;
        RULES OF CONSTRUCTION

       

      1.1  Definitions.
        For
        purposes of this Agreement:

       

      “Acquisition
        Proposal”
has
        the
        meaning assigned to it in the Merger Agreement.

       

      “Affiliate”
means,
        with respect to a specific Person, a Person that directly, or indirectly
        through
        one or more intermediaries, controls or is controlled by, the Person
        specified.

       

      “Company
        Common Stock”
means
        the common stock, par value $0.001 per share, of the Company.

       

      “Effective
        Time”
has
        the
        meaning assigned to it in the Merger Agreement.

       

      
        
          
          

        

        
          Page
            - 2

          
            

          

        

        
          
          

        

      

       

      “Governmental
        Entity”
has
        the
        meaning assigned to it in the Merger Agreement.

       

      “Judgment”
means
        any judgment, order or decree.

       

      “Law”
means
        any federal, state or foreign constitutional provision, statute, law (including
        common law), ordinance, rule, regulation or interpretation of any Governmental
        Entity.

       

      “Merger
        Consideration”
has
        the
        meaning assigned to it in the Merger Agreement.

       

      A
        Person
        is deemed to “Own”
or
        to
        have acquired “Ownership”
of
        a
        security if such Person (i) is the record owner of such security or (ii)
        is the
“beneficial owner” (within the meaning of Rule 13d-3 under the Exchange Act) of
        such security.

       

      “Person”
means
        any individual (including any beneficiary of a Stockholder), firm, corporation,
        partnership, company, limited liability company, trust, joint venture,
        association, Governmental Entity or other entity.

       

      “Subject
        Securities”
means:
        (i) all securities of the Company (including all shares of Company Common
        Stock
        and all options, warrants and other rights to acquire shares of Company Common
        Stock) Owned by a Stockholder as of the date of this Agreement; and (ii)
        all
        additional securities of the Company (including all additional shares of
        Company
        Common Stock and all additional options, warrants and other rights to acquire
        shares of Company Common Stock) with respect to which such Stockholder acquires
        Ownership after the date of this Agreement; provided, however, that all such
        securities listed in clauses (i) and (ii) shall cease to be Subject Securities
        upon a Transfer of such securities permitted by this Agreement.

       

      A
        Person
        is deemed to have effected a “Transfer”
of
        a
        security if such Person directly or indirectly (i) sells, pledges, encumbers,
        grants an option with respect to, transfers or disposes of such security
        or any
        interest in such security to any Person (other than Parent, any subsidiary
        of
        Parent or any Person party to this Agreement), (ii) enters into an agreement
        or
        commitment contemplating the possible sale of, pledge of, encumbrance of,
        grant
        of an option with respect to, transfer of or disposition of such security
        or any
        interest therein to any Person (other than Parent, any subsidiary of Parent
        or
        any Person party to this Agreement), or (iii) reduces such Person’s beneficial
        ownership of, or interest in, such security. 

       

      “Voting
        Covenant Expiration Date”
means
        the earliest to occur of (i) the date upon which the Merger Agreement is
        validly
        terminated pursuant to the terms of Section 10.1 thereof, (ii) the date upon
        which this Agreement terminates pursuant to the terms of Section 7.14, and
        (iii)
        the Effective Time of the Merger.

       

      
        
          
          

        

        
          Page
            - 3

          
            

          

        

        
          
          

        

      

       

      1.2  Rules
        of Construction.

       

      (a)  Unless
        otherwise indicated, the words “hereof,” “herein” and “hereunder” and words of
        similar import when used in this Agreement refer to this Agreement as a whole
        and not to any particular provision of this Agreement, and any reference
        in this
        Agreement to any Caption, Recital, Article, Section or clause shall be to
        the
        Captions, Recitals, Articles, Sections and clauses of this Agreement.

       

      (b)  The
        words
“include,” “includes” and “including” are deemed to be followed by the phrase
“without limitation.” Any reference to the masculine, feminine or neuter gender
        shall include each other gender and any reference to the singular or plural
        shall include the other, in each case unless the context otherwise requires.
        

       

      ARTICLE
        II

      TRANSFER
        OF SUBJECT SECURITIES; VOTING RIGHTS

       

      2.1  Restriction
        on Transfer of Subject Securities.
        During
        the period from the date of this Agreement through the Voting Covenant
        Expiration Date, no Stockholder shall, directly or indirectly, cause any
        Transfer of any of its Subject Securities to be effected, and each Stockholder
        shall use commercially reasonable efforts not to permit any Transfer of any
        of
        its Subject Securities to be effected, except in connection with the Merger,
        unless the transferee agrees in writing to be bound by the terms
        hereof.

       

      2.2  Restriction
        on Transfer of Voting Rights.
        During
        the period from the date of this Agreement through the Voting Covenant
        Expiration Date, except as otherwise provided by this Agreement, no Stockholder
        shall (a) deposit any of its Subject Securities into a voting trust or (b)
        except for this Agreement, grant proxy (revocable or irrevocable) or power
        of
        attorney or enter into any voting agreement or similar agreement, with respect
        to any of the Subject Securities.

       

      ARTICLE
        III

      VOTING
        OF SHARES

       

      3.1  Voting
        Covenant.
        Each
        Stockholder hereby agrees that, during the period commencing on the date
        hereof
        and continuing until the Voting Covenant Expiration Date, at any meeting
        of the
        stockholders of the Company, however called, and in connection with any written
        action by consent of stockholders of the Company, unless otherwise directed
        in
        writing by Parent, it shall cause its Subject Securities to be voted to the
        extent any of the Subject Securities may be voted:

       

      (a)  in
        favor
        the adoption of the Merger Agreement, the Merger and the other actions
        contemplated by the Merger Agreement, and in favor of any action in furtherance
        of any of the foregoing; and

       

      (b)  against
        any action or agreement that Parent has advised Stockholder in writing in
        advance would result in a breach of any representation, warranty, covenant
        or
        obligation of the Company in the Merger Agreement.

       

      
        
          
          

        

        
          Page
            - 4

          
            

          

        

        
          
          

        

      

       

      ARTICLE
        IV

      REPRESENTATIONS
        AND WARRANTIES OF THE STOCKHOLDERS

       

      Each
        Stockholder hereby represents and warrants to Parent as follows:

       

      4.1  No
        Conflicts or Consents.
        The
        execution and delivery of this Agreement by the Stockholder do not, and the
        performance of this Agreement by the Stockholder will not, (i) to the
        Stockholder’s knowledge, conflict with or violate any Law or Judgment applicable
        to the Stockholder or by which the Stockholder is or may be bound or affected,
        (ii) result in or constitute (with or without notice or lapse of time) any
        breach of or default under, or give to any other Person (with or without
        notice
        or lapse of time) any right of termination, amendment, acceleration or
        cancellation of, or result (with or without notice or lapse of time) in the
        creation of any encumbrance or restriction on any of its Subject Securities
        pursuant to, any agreement, contract or other arrangement (whether written
        or
        oral) to which the Stockholder is a party or by which the Stockholder is
        or may
        be bound or affected or (iii) require any consent or approval of any Person;
        provided, however, that the failure of clauses (i), (ii) or (iii) of this
        representation to be true and correct in all respects shall not be a breach
        of
        this Agreement if such failure does not, in any manner, impair or delay the
        ability of such Stockholder to perform its obligations under this Agreement
        or
        invalidate (in whole or in part) any actions taken pursuant to this
        Agreement.

       

      4.2  Title
        to Securities.
        As of
        the date of this Agreement, (a) the Stockholder Owns (free and clear of any
        encumbrances or restrictions, except such as may exist under applicable
        securities laws) the Subject Securities set forth under the heading “Subject
        Securities” below the Stockholder’s name on the signature page hereof, and (b)
        the Stockholder does not Own, directly or indirectly, any Subject Securities
        other than those set forth under the name of the Stockholder on the signature
        page hereof. None of the Subject Securities Owned by the Stockholder is subject
        to any proxy, voting trust or other agreement, arrangement or restriction
        (whether written or oral) with respect to the voting of the Subject Securities,
        except as contemplated by this Agreement.

       

      ARTICLE
        V

      TERMINATION

       

      5.1  Termination.
        Except
        as provided in Section 7.14, this Agreement shall terminate on the Voting
        Covenant Expiration Date.

       

      5.2  Effect
        of Termination.
        Immediately upon the termination of this Agreement in accordance with Section
        5.1 or Section 7.14, this Agreement and all obligations hereunder of the
        parties
        hereto shall be terminated in all respects.

       

      ARTICLE
        VI

      ADDITIONAL
        COVENANTS OF THE STOCKHOLDERS

       

      6.1  Stockholder
        Information.
        Each
        Stockholder hereby agrees to permit Parent and Merger Sub to publish and
        disclose the Stockholder’s identity and ownership of Subject Securities and the
        nature of the Stockholder’s commitments, arrangements and understandings under
        this Agreement in any prospectus or offering memorandum prepared in connection
        with the transactions contemplated by the Merger Agreement and in any disclosure
        required to be filed by Parent, Merger Sub or any of its Affiliates with
        any
        Governmental Entity.

       

      
        
          
          

        

        
          Page
            - 5

          
            

          

        

        
          
          

        

      

       

      6.2  Waiver
        of Appraisal Rights.
        Each
        Stockholder hereby irrevocably and unconditionally waives, and agrees to
        cause
        to be waived and to prevent the exercise of, any rights of appraisal, any
        dissenters’ rights and any similar rights relating to the Merger or any related
        transaction that the Stockholder may have by virtue of any Subject Securities
        Owned by the Stockholder (whether under the General Corporation Law of the
        State
        of Nevada, by written or unwritten agreement, contract, arrangement or
        otherwise).

       

      6.3  Further
        Assurances.
        If the
        Stockholder is the beneficial owner, but not the record owner, of any Subject
        Securities, the Stockholder agrees to take all actions to cause the record
        holder and any of its nominees to vote all of such Subject Securities as
        required by Sections 3.1 and 3.2 hereof. The Stockholder shall execute and
        deliver, or cause to be executed and delivered, such additional transfers,
        assignments, endorsements, proxies, consents and other instruments, and shall
        take such further actions, as Parent may reasonably request for the purpose
        of
        carrying out the transactions contemplated by this Agreement.

       

      ARTICLE
        VII

      MISCELLANEOUS

       

      7.1  Expenses.
        Except
        as otherwise set forth herein, all costs and expenses incurred in connection
        with the transactions contemplated by this Agreement shall be paid by the
        party
        incurring such costs and expenses.

       

      7.2  Notices.
        Any
        notice or other communication required or permitted to be delivered to either
        party under this Agreement shall be in writing and shall be deemed properly
        delivered, given and received when delivered (by hand, by registered mail,
        by
        courier or express delivery service or by facsimile) to the address or facsimile
        telephone number set forth beneath the name of such party below (or to such
        other address or facsimile telephone number as such party shall have specified
        in a written notice given to the other party): 

       

      if
        to the
        Stockholder:

       

      c/o
        Anne
        McFadden

      1100
        Melville Street, Suite 600

      Vancouver,
        BC V6E A46

      Facsimile
        No.: +1 604 664 0672

      

      with
        a
        copy to:

      

      Richardson
        & Patel, LLP

      The
        Chrysler Building

      405
        Lexington Avenue

      26th
        Floor

      New
        York,
        New York 10174

      Attention:
        Kevin Friedman, Esq.

       

      
        
          
          

        

        
          Page
            - 6

          
            

          

        

        
          
          

        

      

      

      if
        to
        Parent:

       

      Gasco
        Energy, Inc.

      8
        Inverness Drive East

      Suite
        100

      Englewood,
        CO 80112

      Attention:
        W. King Grant

      

      with
        copies to:

       

      Vinson
        & Elkins L.L.P.

      First
        City Tower

      1001
        Fannin Street, Suite 2500

      Houston,
        Texas 77002-6760

      Fax:
        (713) 615-5615

      Attention: Phil
        Warman, Esq.

      

      

      7.3  Severability.
        Any
        term or provision of this Agreement that is invalid or unenforceable in any
        situation in any jurisdiction shall not affect the validity or enforceability
        of
        the remaining terms and provisions hereof or the validity or enforceability
        of
        the offending term or provision in any other situation or in any other
        jurisdiction. If the final judgment of a court of competent jurisdiction
        declares that any term or provision hereof is invalid or unenforceable, the
        parties hereto agree that the court making such determination shall have
        the
        power to limit the term or provision, to delete specific words or phrases,
        or to
        replace any invalid or unenforceable term or provision with a term or provision
        that is valid and enforceable and that comes closest to expressing the intention
        of the invalid or unenforceable term or provision, then this Agreement shall
        be
        enforceable as so modified. In the event such court does not exercise the
        power
        granted to it in the prior sentence, the parties hereto agree to replace
        such
        invalid or unenforceable term or provision with a valid and enforceable term
        or
        provision that will achieve, to the greatest extent possible, the economic,
        business, legal and other purposes of such invalid or unenforceable term.
        

       

      7.4  Entire
        Agreement.
        This
        Agreement and any other documents delivered by the parties in connection
        herewith constitute the entire agreement between the parties with respect
        to the
        subject matter hereof and thereof and supersede all prior agreements and
        understandings between the parties with respect thereto. No addition to or
        modification of any provision of this Agreement shall be binding upon either
        party unless made in writing and signed by both parties.

       

      7.5  Assignment;
        Binding Effect.
        This
        Agreement shall be binding upon each Stockholder and its successors and assigns,
        and shall inure to the benefit of Parent and its successors and assigns.
        Without
        limiting any of the restrictions set forth in Article II or Article VI
        or elsewhere in this Agreement, this Agreement shall be binding upon any
        Person
        to whom any Subject Securities are Transferred or otherwise conveyed. Nothing
        in
        this Agreement is intended to confer on any Person (other than Parent and
        its
        successors and assigns) any rights or remedies of any nature. 

       

      
        
          
          

        

        
          Page
            - 7

          
            

          

        

        
          
          

        

      

       

       

      7.6  Specific
        Performance.
        The
        parties agree that irreparable damage would occur in the event that any of
        the
        provisions of this Agreement were not performed in accordance with its specific
        terms or were otherwise breached. Each Stockholder agrees that, in the event
        of
        any breach or threatened breach by a Stockholder of any covenant or obligation
        contained in this Agreement, Parent shall be entitled (in addition to any
        other
        remedy that may be available to it, including monetary damages) to seek and
        obtain (a) a decree or order of specific performance to enforce the observance
        and performance of such covenant or obligation, and (b) an injunction
        restraining such breach or threatened breach. 

       

      7.7  Non-Exclusivity.
        The
        rights and remedies of Parent under this Agreement are not exclusive of or
        limited by any other rights or remedies which it may have, whether at law,
        in
        equity, by contract or otherwise, all of which shall be cumulative (and not
        alternative). Without limiting the generality of the foregoing, the rights
        and
        remedies of Parent under this Agreement, and the obligations and liabilities
        of
        the Stockholders under this Agreement, are in addition to their respective
        rights, remedies, obligations and liabilities under all applicable Laws.
        

       

      7.8  Governing
        Law; Venue.

       

      (a)  This
        Agreement shall be construed in accordance with, and governed in all respects
        by, the Laws of the State of Nevada (without giving effect to principles
        of
        conflicts of Laws provisions of such State).

       

      (b)  THE
        PARTIES HERETO IRREVOCABLY SUBMIT TO THE JURISDICTION OF THE DISTRICT COURT
        OF
        WASHOE COUNTY OF THE STATE OF NEVADA AND THE FEDERAL COURTS OF THE UNITED
        STATES
        OF AMERICA LOCATED IN THE STATE OF NEVADA SOLELY IN CONNECTION WITH ANY DISPUTE
        THAT ARISES IN RESPECT OF THE INTERPRETATION AND ENFORCEMENT OF THE PROVISIONS
        OF THIS AGREEMENT OR IN RESPECT OF THE TRANSACTIONS CONTEMPLATED HEREBY,
        AND
        HEREBY WAIVE, AND AGREE NOT TO ASSERT, AS A DEFENSE IN ANY ACTION, SUIT OR
        PROCEEDING FOR INTERPRETATION OR ENFORCEMENT HEREOF THAT IT IS NOT SUBJECT
        THERETO OR THAT SUCH ACTION, SUIT OR PROCEEDING MAY NOT BE BROUGHT OR IS
        NOT
        MAINTAINABLE IN SAID COURTS OR THAT VENUE THEREOF MAY NOT BE APPROPRIATE
        OR THAT
        THIS AGREEMENT MAY NOT BE ENFORCED IN OR BY SUCH COURTS, AND THE PARTIES
        HERETO
        IRREVOCABLY AGREE THAT ALL CLAIMS WITH RESPECT TO SUCH ACTION, SUIT OR
        PROCEEDING SHALL BE HEARD AND DETERMINED EXCLUSIVELY BY SUCH A NEVADA STATE
        OR
        FEDERAL COURT. THE PARTIES HEREBY CONSENT TO AND GRANT ANY SUCH COURT
        JURISDICTION OVER THE PERSON OF SUCH PARTIES AND OVER THE SUBJECT MATTER
        OF SUCH
        DISPUTE AND AGREE THAT MAILING OF PROCESS OR OTHER PAPERS IN CONNECTION WITH
        SUCH ACTION, SUIT OR PROCEEDING IN THE MANNER PROVIDED IN SECTION 8.2 OR
        IN SUCH
        OTHER MANNER AS MAY BE PERMITTED BY LAW SHALL BE VALID AND SUFFICIENT SERVICE
        THEREOF.

       

      (c)  EACH
        PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER
        THIS
        AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE
        EACH SUCH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT SUCH
        PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR
        INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS
        CONTEMPLATED BY THIS AGREEMENT. EACH PARTY CERTIFIES AND ACKNOWLEDGES THAT
        (I)
        NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED,
        EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF
        LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER; (II) SUCH PARTY UNDERSTANDS
        AND HAS CONSIDERED THE IMPLICATIONS OF THE FOREGOING WAIVER; (III) SUCH PARTY
        MAKES THE FOREGOING WAIVER VOLUNTARILY AND (IV) SUCH PARTY HAS BEEN INDUCED
        TO
        ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVER AND
        CERTIFICATIONS IN THIS SECTION 7.8.

       

      
        
          
          

        

        
          Page
            - 8

          
            

          

        

        
          
          

        

      

       

      7.9  Counterparts.
        This
        Agreement may be executed in separate counterparts, each of which when so
        executed and delivered shall be an original, but all such counterparts shall
        together constitute one and the same instrument. Execution of this Agreement
        by
        facsimile transmission shall be deemed effective delivery of an original
        counterpart of this Agreement.

       

      7.10  Captions.
        The
        captions contained in this Agreement are for convenience of reference only,
        shall not be deemed to be a part of this Agreement and shall not be referred
        to
        in connection with the construction or interpretation of this
        Agreement.

       

      7.11  Waiver.
        No
        failure on the part of Parent to exercise any power, right, privilege or
        remedy
        under this Agreement, and no delay on the part of Parent in exercising any
        power, right, privilege or remedy under this Agreement, shall operate as
        a
        waiver of such power, right, privilege or remedy; and no single or partial
        exercise of any such power, right, privilege or remedy shall preclude any
        other
        or further exercise thereof or of any other power, right, privilege or remedy.
        Parent shall not be deemed to have waived any claim available to Parent arising
        out of this Agreement, or any power, right, privilege or remedy of Parent
        under
        this Agreement, unless the waiver of such claim, power, right, privilege
        or
        remedy is expressly set forth in a written instrument duly executed and
        delivered on behalf of Parent; and any such waiver shall not be applicable
        or
        have any effect except in the specific instance in which it is given.

       

      7.12  Stockholder
        Capacity.
        Each
        Stockholder signs solely in its capacity as the record holder or beneficial
        owner of such Stockholder’s Subject Shares. Nothing herein shall limit or affect
        any actions taken by a Person affiliated with a Stockholder, who is or becomes
        a
        director or officer of the Company to the extent this Agreement could be
        construed to restrict the exercise by such Person of his or her fiduciary
        duties
        as a director or officer of the Company.

       

      7.13  Legend.
        Upon
        the request of Parent, each Stockholder shall cause each certificate evidencing
        any of the Subject Securities that are issued in the name of such Stockholder
        to
        bear a legend indicating that such Subject Securities are subject to the
        terms
        of this Agreement, including the restrictions on transfer and voting set
        forth
        herein.

       

      7.14  Amendment
        of Merger Agreement.
        The
        obligations of the Stockholders under this Agreement shall terminate if the
        Merger Agreement is amended or otherwise modified after the date hereof without
        the prior written consent of the Stockholders in a manner that changes the
        form
        of Merger Consideration in a manner adverse to the Stockholders in a material
        respect.

       

      [Signature
        page follows.]

      
 

      
        
          
          

        

        
          Page
            - 9

          
            

          

        

        
          
          

        

      

       

      IN
        WITNESS WHEREOF, the undersigned have duly executed this Agreement as of
        the
        date first written above.

       

      GASCO
        ENERGY, INC.

      

      

      

      By: ______________________

      
        	 	
                Name:

              	
                Mark
                  A. Erickson

              

      

      
        	 	
                Title:
                  

              	
                President
                  and Chief Executive Officer

              

      

      

      

      RICHARD
        N. JEFFS

      

      

      

      By: ______________________    

      
        	 	
                Name:

              	
                Richard
                  N. Jeffs

              

      

      
        	 	
                Title:

              	
                Director,
                  Chief Executive Officer, President and Chief Financial
                  Officer

              

      

      

      

      

      

      

      GREGORY
        PEK

      

      

      

      By: ______________________    

      
        	 	
                Name:

              	
                Gregory
                  Pek

              

      

      
        	 	
                Title:

              	
                Director

              

      

      

       

      
        
          
          

        

        
          Page
            - 10

          
            

          

        

        
          
          

        

      

      IAN
        ROBINSON

      

      

      

      By: ______________________    

      
        	 	
                Name:

              	
                Ian
                  Robinson

              

      

      
        	 	
                Title:

              	
                Director

              

      

      

      
 

      

      MICHAEL
        L. NAZMACK

      

      

      

      By: ______________________    

      
        	 	
                Name:

              	
                Michael
                  L. Nazmack

              

      

      
        	 	
                Title:

              	
                Director

              

      

      

      
 

      
 

      EUGENE
        SWEENEY

      

      

      

      By: ______________________    

      
        	 	
                Name:

              	
                Eugene
                  Sweeney

              

      

      
        	 	
                Title:

              	
                Director

              

      

      

      
 

      
        
          
          

        

        
          Page
            - 11

          
            

          

        

        
          
          

        

      

      SHAWNE
        MALONE

      

      

      

      By: ______________________    

      
        	 	
                Name:

              	
                Shawne
                  Malone

              

      

      
        	 	
                Title:

              	
                Director

              

      

      

      

       

      
        
           

        

        
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            - 12

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