Document:

Form of Amended and Restated Non-Qualified Stock Option Agreement

 Exhibit 10.18 
 GEOMET, INC. 
 AMENDED AND RESTATED 
 NON-QUALIFIED STOCK OPTION AGREEMENT 
 This Amended and Restated Non-Qualified
Stock Option Agreement (this “Agreement”), made as of the 2nd day of December, 2008, by and between GeoMet, Inc., a Delaware corporation formerly known as GeoMet Resources, Inc. (the “Company”), and
                                         ,
an employee of the Company (“Optionee”); 
 W I T N E S S E T H: 
 WHEREAS, pursuant to that certain Stock Acquisition and Stockholders’ Agreement of December 7, 2000 among the Company, Optionee,
                                 and Yorktown Energy Partners IV, L.P. (the
“Acquisition Agreement”), the Company and Optionee entered into a Non-Qualified Stock Option Agreement on
                                 (the “Original Agreement”)
pursuant to which the Company granted an option to purchase                  shares of common stock, par value $0.01 per share, of the Company at an exercise
price of $10.00 per share to Optionee, who is an employee of the Company or an affiliate; and 
 WHEREAS, the parties now desire to amend and
restate the Original Agreement to reflect the effect of a four-for-one common stock split of the Company’s common stock effective January 24, 2006, to include a vesting period from the date of this Agreement until January 1, 2009 and
to accelerate vesting of the Options (as defined below) under certain circumstances; 
 NOW, THEREFORE, in consideration of the mutual
promises and covenants contained in this Agreement and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree to the following terms: 
 1. Grant of Option; Vesting. The Company hereby grants to Optionee the right and option to purchase, as hereinafter set forth,
                     shares of common stock, par value $0.001 per share, of the Company (the “Common Stock”) at the exercise
price of $2.50 per share (the “Option”). The Option will vest and become exercisable as set forth in paragraph 2. 
 2.
Option Period and Terms of Exercise of Option. The Option will become exercisable on January 1, 2009 and, except as provided below, the Option may not be exercised unless Optionee shall have been in the continuous employ of the Company
or an affiliate from the date of this Agreement to the date of exercise of the Option: 
 (i) In the event of Optionee’s
termination of employment on account of death or permanent or total disability (within the meaning of Section 22(e)(3) of the Internal Revenue Code), the Option shall vest to the extent not already vested and become immediately exercisable in
full for up to one year from the date of such termination of employment, unless the Option, by its terms, expires earlier. 

 (ii) In the event of Optionee’s termination of employment for any reason (other than
the reasons set forth in subparagraph (i) of this paragraph 2), the Option may be exercised, to the extent then vested, for up to three months from the date of such termination of employment, unless the Option, by its terms, expires earlier;
provided that, if Optionee’s termination of employment is a Without Cause Termination or a Good Reason Termination (as such terms are defined in the Employment Agreement between the Company and Optionee of December 7, 2000 (the
“Employment Agreement”)), the Option shall vest to the extent not already vested and become immediately exercisable in full for the period of time set forth in this paragraph 2(ii). 
 In no event shall the Option be exercisable in whole or in part after the expiration of 10 years from the date of the Original Agreement. The Option is intended to be a
non-qualified stock option and shall not be treated as an incentive stock option within the meaning of Section 422(b) of the Internal Revenue Code. 
 3. Requirement of Employment. Except as provided in paragraph 2 hereof, the Option and the rights of Optionee evidenced hereby may not be exercised unless Optionee is at the time of exercise an employee of
the Company or an affiliate of the Company. 
 4. Exercise of Option. The Option may be exercised by written notice signed by Optionee
and delivered to the Chairman of the Board, Chief Executive Officer or President or sent by registered or certified mail, postage prepaid, addressed to the Company (for the attention of its Chairman of the Board, Chief Executive Officer and
President) at its corporate office at 909 Fannin, Suite 1850, Houston, Texas 77010. Such notice shall state the number of shares as to which the Option is exercised and shall be accompanied by the full amount of the exercise price for such shares.
Any such notice shall be deemed given on the date on which the same was deposited in the mail, addressed and sent in accordance with this paragraph. 
 5. Payment of Exercise Price. The exercise price may be paid in cash or, in whole or in part, by the surrender of issued and outstanding shares of common stock of the Company which shall be credited against the
exercise price at the Fair Market Value of the shares surrendered on the date immediately prior to the date of exercise of the Option. Payment of the exercise price of the Option also may be made by delivery to the Company or its designated agent
(in the manner provided in paragraph 4) of an executed irrevocable option exercise form together with irrevocable instructions to a broker-dealer to sell or margin a sufficient portion of the shares with respect to which the Option is exercised and
deliver the sale or margin loan proceeds directly to the Company to pay the exercise price and applicable withholding taxes, if any, due in connection with such cashless exercise. For purposes of this Agreement, the term “Fair Market
Value” means the Per Share Fair Market Value (as such term is defined in the Acquisition Agreement) multiplied by the number of shares of Common Stock in question. 
 6. Payment of Tax Withholding. Promptly after demand by the Company, and at its direction, Optionee shall pay to the Company an amount equal to the applicable withholding taxes due in connection with the
exercise of the Option. Such withholding taxes may be paid in cash or, subject to the further provisions of this paragraph, in whole or in part, by having the Company withhold from the shares of Common Stock otherwise issuable upon exercise of the
Option a number of shares of Common Stock having a value equal to the amount of such 

  

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withholding taxes or by delivering to the Company a number of issued and outstanding shares of Common Stock (excluding restricted shares still subject to a
risk of forfeiture) having a value equal to the amount of such withholding taxes. The value of any shares of Common Stock so withheld by or delivered to the Company shall be based on the Fair Market Value (as defined in paragraph 5) of such shares
on the date on which the tax withholding is to be made. Optionee shall pay to the Company in cash the amount, if any, by which the amount of such withholding taxes exceeds the value of the shares of Common Stock so withheld or delivered. An election
by Optionee to have shares withheld or to deliver shares to pay withholding taxes (an “Election”) must be made at or prior to the time of exercise of the Option. All Elections shall be made in the same manner as is required for the
exercise of the Option and shall be made on a form approved by the Company. 
 7. Delivery of Certificates Upon Exercise of Options.
Delivery of a certificate or certificates representing the purchased shares shall be made promptly after receipt of notice of exercise and payment of the purchase price and the amount of any withholding taxes to the Company, if required. If the
Company so elects, its obligation to deliver shares of common stock upon the exercise of the Option shall be conditioned upon its receipt from the person exercising the Option of an executed investment letter, in form and content satisfactory to the
Company and its legal counsel, evidencing the investment intent of such person and such other matters as the Company may reasonably require. In addition, if the Company so elects, the certificate or certificates representing the shares of common
stock issued upon exercise of the Option shall bear a legend to reflect any restrictions on transferability. 
 8. Adjustments Upon Change
in Common Stock. In the event that before delivery by the Company of all the shares in respect of which the Option is granted, the Company shall have effected a split of the common stock or a dividend payable in common stock, or the outstanding
common stock of the Company shall have been combined into a smaller number of shares, the shares still subject to the Option shall be increased or decreased to reflect proportionately the increase or decrease in the number of shares outstanding, and
the exercise price per share shall be decreased or increased so that the aggregate exercise price for all the then optioned shares shall remain the same as immediately prior to such split, dividend or combination. In the event of a reclassification
of the common stock not covered by the foregoing, or in the event of a liquidation, separation or reorganization, including a merger, consolidation or sale of assets, it is agreed that the Board shall make such adjustments, if any, as it may deem
appropriate in the number of shares, exercise price and kind of shares still subject to the Option. 
 9. Acceleration of Vesting. The
Option shall vest in full automatically as set forth in this Agreement and Section 5.3(a) of the Acquisition Agreement. 
 10. No
Right to Continued Employment. Nothing contained in this Agreement shall confer upon Optionee the right to continue in the employ of the Company, or interfere in any way with the rights of the Company to terminate Optionee’s employment at
any time, with or without cause. 
 11. Amendment. This Agreement may be amended, and the terms hereof may be waived, to the extent
permitted by applicable law and regulations in effect from time to time, only by a written instrument signed by the Company and Optionee or, in the case of a waiver, by the party waiving compliance. 
  

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 12. Governing Law. This Agreement shall be governed by, and construed and enforced in accordance
with, the law of the State of Texas, without regard to the conflicts of laws principles thereof. 
 13. Effect of Other Agreements.
The Option is being granted pursuant to the terms of the Acquisition Agreement and the Employment Agreement. To the extent that this Agreement conflicts with the Acquisition Agreement or the Employment Agreement, the terms and conditions of those
agreements shall control. 
  

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 In WITNESS WHEREOF, the parties hereto have executed this Agreement to be
effective as of the date first above written. 
  

			
	GEOMET, INC.
		
	 By:
	 	 
		 	 [Name]
 [Title]

	
	 OPTIONEE:

		
	 	 	 
	 [Name]Form of Stock Option Award Agreement

 Exhibit 10.19 
 GEOMET, INC. 2006 LONG-TERM INCENTIVE PLAN 
 SUMMARY OF STOCK OPTION GRANT 
 You, the Optionee named below, have been granted the following option (the “Option”) to purchase shares of the common stock, $0.001 par value
per share (the “Common Stock”), of GeoMet, Inc., a Delaware corporation (“GeoMet”), on the terms and conditions set forth below and in accordance with the Stock Option Award Agreement (the “Agreement”) to which this
Summary of Stock Option Grant is attached and the GeoMet, Inc. 2006 Long-Term Incentive Plan (the “Plan”): 
  

			
	 Optionee Name:
	 	
		
	 Number of Option Shares Granted:
	 	
		
	 Type of Option (check one):
	 	 ̈             Incentive Stock Option
		
		 	 ̈             Nonqualified Stock Option
		
	 Grant Date:
	 	                            ,
200    
		
	 Exercise Price Per Share:
	 	$                
		
	 Vesting Commencement Date:
	 	                            ,
200    
		
	 Vesting Schedule:
	 	The Option shall vest over a period of time and shares of Common Stock subject to the Option shall become purchasable in installments in accordance with the following schedule: (i) 1/3 of
such shares (if a fractional number, then the next lower whole number) shall become purchasable, in whole at any time or in part from time to time, on the Vesting Commencement Date, if Optionee is in the continuous service of GeoMet or an Affiliate
until such vesting date; (ii) 1/3 of such shares (if a fractional number, then the next lower whole number) shall become purchasable, in whole at any time or in part from time to time, on the first anniversary of the Vesting Commencement Date, if
Optionee is in the continuous service of GeoMet or an Affiliate until such vesting date; and (iii) the remaining 1/3 of such shares (if a fractional number, then the next lower whole number) shall become purchasable, in whole at any time or in part
from time to time, on the second anniversary of the Vesting Commencement Date, if the Optionee is in the continuous service of GeoMet or an Affiliate until such vesting date. The Corporate Change provisions of the Plan shall apply with respect to
the Option.

 [SIGNATURE PAGE FOLLOWS AS PAGE 2] 
  

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 You, by your signature as Optionee below, acknowledge that you (i) have reviewed the Agreement and the Plan in their
entirety and have had the opportunity to obtain the advice of counsel prior to executing this Summary of Stock Option Grant, (ii) understand that the Option is granted under and governed by the terms and provisions of the Agreement and the
Plan, and (iii) agree to accept as binding all of the determinations and interpretations made by the Committee (as defined in the Agreement) with respect to matters arising under or relating to the Option, the Agreement and the Plan.

  

							
	OPTIONEE:	 		 		 	GEOMET, INC.
				
	  	 		 	By:	 	  
	 (Signature of Optionee)
	 		 	 Name:
 Title:

  

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 GEOMET, INC. 2006 LONG-TERM INCENTIVE PLAN 
 STOCK OPTION AWARD AGREEMENT 
 THIS AGREEMENT is made as of the Grant Date (as
set forth on the Summary of Stock Option Grant) between GeoMet, Inc., a Delaware corporation (“GeoMet”), and Optionee pursuant to the GeoMet, Inc. 2006 Long-Term Incentive Plan (the “Plan”). 
 WHEREAS, the Compensation Committee of the Board of Directors of GeoMet with respect to an Option granted to an employee, or the Board of Directors of
GeoMet with respect to an Option granted to an outside director (the “Committee”), has authority to grant Options under the Plan to employees and outside directors performing services for GeoMet and its Affiliates; and 
 WHEREAS, the Committee has determined to award Optionee the Option described in this Agreement; 
 NOW, THEREFORE, GeoMet and Optionee agree as follows: 
 1. Effect of Plan and Authority of Committee. This Agreement and the Option granted hereunder are subject to the Plan, which is incorporated herein by reference. The Committee is authorized to make all
determinations and interpretations with respect to matters arising under or relating to the Plan, this Agreement and the Option granted hereunder. Capitalized terms used and not otherwise defined herein have the respective meanings given them in the
Plan or in the Summary of Stock Option Grant, which are attached hereto and incorporated herein by this reference for all purposes. 
 2.
Grant of Option. On the terms and conditions set forth in this Agreement, the Summary of Stock Option Grant and the Plan, as of the Grant Date, GeoMet hereby grants to Optionee the option to purchase the number of shares of Common Stock set
forth on the Summary of Stock Option Grant at the Exercise Price per share set forth on the Summary of Stock Option Grant (the “Option”). The Option is intended to be an Incentive Stock Option or a Nonqualified Stock Option, as provided in
the Summary of Stock Option Grant. If the Option is intended to be an Incentive Stock Option, it is agreed that the exercise price is at least 100% of the Fair Market Value of a share of Common Stock on the Grant Date (110% of Fair Market Value if
Optionee owns stock possessing more than 10% of the total combined voting power of all classes of stock of GeoMet or any Affiliate, within the meaning of Section 422(b)(6) of the Code). If this Option is intended to be an Incentive Stock
Option, but the aggregate Fair Market Value of Common Stock with respect to which Incentive Stock Options granted to Optionee (including all options qualifying as incentive stock options pursuant to Section 422 of the Code granted to Optionee
under any other plan of GeoMet or any Affiliate) are exercisable for the first time by Optionee during any calendar year exceeds $100,000 (determined as of the date the Incentive Stock Option is granted), this Option shall not be void but shall be
deemed to be an Incentive Stock Option to the extent it does not exceed the $100,000 limit and shall be deemed a Nonqualified Stock Option to the extent it exceeds that limit. If this Option is intended to be an Incentive Stock Option, Optionee
shall notify GeoMet in writing immediately after the date he or she makes a disqualifying disposition of any shares of Common Stock acquired pursuant to the exercise of such Incentive Stock Option. A disqualifying disposition is any disposition
(including any sale) of such Common Stock before the later of (i) two years after the Grant Date of the Incentive Stock Option or (ii) one year after the date of exercise of the Incentive Stock Option. 
 3. Vesting. This Option may be exercised only to the extent it is vested on the vesting dates in accordance with the Vesting Schedule set forth in
the Summary of Stock Option Grant. The vested percentage indicated in such Vesting Schedule shall be exercisable, as to all or part of the vested shares, at any time or times after the respective vesting date and until the expiration or termination
of the Option. The vesting of this Option may be accelerated in certain events as set forth in the Plan. The unvested portion of this Option shall terminate and be forfeited immediately on the date of Optionee’s termination of employment or
service. 
  

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 4. Term. 
 (a) Term of Option. This Option may not be exercised after the expiration of seven years from the Grant Date. If the
expiration date of this Option or any termination date provided for in this Agreement shall fall on a Saturday, Sunday or a day on which the executive offices of GeoMet are not open for business, then such expiration or termination date shall be
deemed to be the last normal business day of the Company at its executive offices preceding such Saturday, Sunday or day on which such offices are closed. 
 (b) Early Termination. Except as provided below, this Option may not be exercised unless Optionee shall have been in the continuous employ or service of GeoMet or any Affiliate from the Grant Date to the date
of exercise of the Option. If the employment or service of an Optionee shall terminate for any reason other than Cause, each outstanding Option held by the Optionee may be exercised, to the extent then vested, until the earlier of (i) the
expiration of 90 days from the date of such termination of employment or service or (ii) the expiration of the term of such Option. 
 5. Manner of Exercise and Payment. The Optionee (or his or her representative, guardian, devisee or heir, as applicable) may exercise any portion of this Option that has become exercisable in accordance with the terms hereof as to
all or any of the shares of Common Stock then available for purchase by delivering to GeoMet written notice, in a form satisfactory to the Committee, specifying: 
 (a) the number of whole shares of Common Stock to be purchased together with payment in full of the purchase price of such shares;

 (b) the address to which dividends, notices, reports, and other information are to be sent; and 
 (c) Optionee’s social security number or social insurance number. 
 Payment of the purchase price of the shares of Common Stock shall be made (i) in cash, or by certified or cashier’s check payable to the order of GeoMet, free from all collection charges, or (ii) by
delivery of nonforfeitable, unrestricted shares of Common Stock previously acquired by Optionee that have been held for at least six months having an aggregate Fair Market Value as of the date of exercise equal to the total exercise price, or
(iii) by a combination of cash (or certified or cashier’s check) and such already-owned shares of Common Stock. Optionee also may elect to pay all or a portion of the purchase price of such shares of Common Stock through a special sale and
remittance procedure pursuant to which Optionee shall concurrently provide (A) irrevocable instructions to a broker-dealer to effect the immediate sale or margin of a sufficient portion of the purchased shares and remit directly to GeoMet, out
of the sale proceeds available on the settlement date, sufficient funds to cover the purchase price payable for the purchased shares plus all applicable taxes required to be withheld by reason of such exercise and (B) an executed irrevocable
option exercise form to GeoMet along with instructions to GeoMet to deliver the certificates for the purchased shares directly to such broker-dealer to complete the sale. This Option shall be deemed to have been exercised on the first date upon
which GeoMet receives written notice of exercise as described above, payment of the purchase price and all other documents, information and amounts required with respect to such exercise under this Agreement and the Plan. Notwithstanding the
foregoing provisions of this Section 5, the Committee may, in its discretion, reject payment of the purchase price of the shares of Common Stock subject to this Option in the form of already-owned shares or through a sale and remittance
procedure with a broker-dealer in the event that the Committee determines that such payment forms violate the provisions of applicable law or result in negative accounting treatment to GeoMet. 
 6. Withholding Tax. Promptly after demand by GeoMet, and at its direction, Optionee shall pay to GeoMet or the appropriate Affiliate an amount
equal to the applicable withholding taxes due in connection with the exercise of the Option. Pursuant to the applicable provisions of the Plan, such withholding taxes may be paid in cash or, subject to the further provisions of this Section 6
of this Agreement, in whole or in part, by having GeoMet withhold from the shares of Common Stock otherwise issuable upon exercise of the Option a number of shares of Common Stock having a value equal to the amount of such withholding taxes or by
delivering to GeoMet or the appropriate Affiliate a number of previously acquired issued and outstanding shares of Common Stock (excluding restricted shares still 

  

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subject to a risk of forfeiture) having a value equal to the amount of such withholding taxes. The value of any shares of Common Stock so withheld by or
delivered to GeoMet or the appropriate Affiliate shall be based on the Fair Market Value (as defined in the Plan) of such shares on the date on which the tax withholding is to be made. Optionee shall pay to GeoMet or the appropriate Affiliate in
cash the amount, if any, by which the amount of such withholding taxes exceeds the value of the shares of Common Stock so withheld or delivered. An election by Optionee to have shares withheld or to deliver shares to pay withholding taxes shall be
made in accordance with administrative guidelines established by the Committee. 
 7. Delivery of Shares. Delivery of the certificates
representing the shares of Common Stock purchased, upon exercise of this Option shall be made as soon as reasonably practicable after receipt of notice of exercise and full payment of the Exercise Price and any required withholding taxes. If GeoMet
so elects, its obligation to deliver shares of Common Stock upon the exercise of this Option shall be conditioned upon its receipt from the person exercising this Option of an executed investment letter, in form and content satisfactory to GeoMet
and its legal counsel, evidencing the investment intent of such person and such other matters as GeoMet may reasonably require. If GeoMet so elects, the certificate or certificates representing the shares of Common Stock issued upon exercise of this
Option shall bear a legend to reflect any restrictions on transferability. 
 8. Optional Issuance in Book-Entry Form. Notwithstanding
the provisions of Section 7, at the option of GeoMet, any shares of Common Stock that under the terms of this Agreement are issuable in the form of a stock certificate may instead be issued in book-entry form. 
 9. Transferability. This Option is personal to Optionee and during Optionee’s lifetime may be exercised only by Optionee or his or her
guardian or legal representative upon the events and in accordance with the terms and conditions set forth in the Plan, and shall not be transferred except by will or by the laws of descent and distribution, nor may it be otherwise sold,
transferred, pledged, exchanged, hypothecated or otherwise disposed of in any way (by operation of law or otherwise) and it shall not be subject to execution, attachment or similar process. Any attempted sale, transfer, pledge, exchange,
hypothecation or other disposition of this Option not specifically permitted by the Plan or this Agreement shall be null and void and without effect. 
 10. Notices. All notices between the parties hereto shall be in writing and given in the manner provided in the Plan. Notices to Optionee shall be sent to Optionee’s address as contained in GeoMet’s
records. Notices to GeoMet shall be addressed to its Chief Financial Officer at the principal executive offices of GeoMet as set forth in the Plan. 
 11. Relationship With Contract of Employment or Services. 
 (a) The grant of an Option does not form part of
Optionee’s entitlement to remuneration or benefits pursuant to his or her contract of employment or services, if any, and, except as otherwise provided in a written contract of employment or for services, the existence of such a contract
between any person and GeoMet or any Affiliate does not give such person any right or entitlement to have an Option granted to him or any expectation that an Option might be granted to him whether subject to any conditions or at all. 
 (b) The rights and obligations of Optionee under the terms of his or her contract of employment or other contract or agreement for
services with GeoMet or any Affiliate, if any, shall not be affected by the grant of an Option. 
 (c) The rights granted to
Optionee upon the grant of an Option shall not afford Optionee any rights or additional rights to compensation or damages in consequence of the loss or termination of his or her office, employment or service with GeoMet or any Affiliate for any
reason whatsoever. 
 (d) Optionee shall not be entitled to any compensation or damages for any loss or potential loss which
he or she may suffer by reason of being or becoming unable to exercise an Option in consequence of the loss or termination of his or her office, employment or service with GeoMet or any Affiliate for any reason (including, without limitation, any
breach of contract by GeoMet or any Affiliate) or in any other circumstances whatsoever. 
  

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 12. Market Standoff Agreement. Optionee agrees in connection with any public offering of
GeoMet’s securities that, upon request of GeoMet or the managing underwriter(s) of such offering, Optionee will not sell or otherwise dispose of any Common Stock acquired pursuant to this Agreement without the prior written consent of GeoMet or
such managing underwriter(s), as the case may be, for a period of time (not to exceed 180 days) after the effective date of the registration requested by such managing underwriter(s) and subject to all restrictions as GeoMet or the managing
underwriter(s) may specify for employee stockholders generally. 
 13. Governing Law; Exclusive Forum; Consent to Jurisdiction. This
Agreement shall be governed by and construed in accordance with the internal laws (and not the principles relating to conflicts of laws) of the State of Texas, except as superseded by applicable federal law. The exclusive forum for any action
concerning this Agreement or the transactions contemplated hereby shall be in a court of competent jurisdiction in Harris County, Texas, with respect to a state court, or the United States District Court for the Southern District of Texas, Houston
Division, with respect to a federal court. OPTIONEE HEREBY CONSENTS TO THE EXERCISE OF JURISDICTION OF A COURT IN THE EXCLUSIVE FORUM AND WAIVES ANY RIGHT HE OR SHE MAY HAVE TO CHALLENGE OR CONTEST THE REMOVAL AT ANY TIME BY GEOMET OR ANY OF ITS
AFFILIATES TO FEDERAL COURT OF ANY SUCH ACTION HE OR SHE MAY BRING AGAINST IT IN STATE COURT. 
  

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