STOCK OPTION AGREEMENT
EDEN ENERGY CORP.
THIS AGREEMENT is entered into as of the 1st day of May, 2005 (the “Date of Grant”)
EDEN ENERGY CORP. , a company incorporated pursuant to the laws of the State of Nevada,
of Suite 1925 – 200 Burrard Street, Vancouver, British Columbia V6C 3L6
A. The Board of Directors of the Company (the “Board”) has approved and adopted the 2004 Stock Option
Plan (the “Plan”), pursuant to which the Board is authorized to grant to employees and other selected persons
stock options to purchase common shares of the Company (the “Common Stock”);
B. The Plan provides for the granting of stock options that either (i) are intended to qualify as “Incentive
Stock Options” within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the
“Code”), or (ii) do not qualify under Section 422 of the Code (“Non-Qualified Stock Options”); and
C. The Board has authorized the grant to Optionee of options to purchase a total of ___________ shares of
Common Stock (the “Options”), which Options are intended to be (select one):
NOW THEREFORE, the Company agrees to offer to the Optionee the option to purchase, upon the terms and
conditions set forth herein and in the Plan, ____________ shares of Common Stock. Capitalized terms not
otherwise defined herein shall have the meanings ascribed thereto in the Plan.
2. Limitation on the Number of Shares. If the Options granted hereby are Incentive Stock Options, the
number of shares which may be acquired upon exercise thereof is subject to the limitations set forth in Section
5.1 of the Plan.
Incentive Stock Options;
x Non Qualified Stock Options
Exercise Price. The exercise price of the options shall be US$__________ per share.
Vesting Schedule. The Options may be exercised at any time after the Date of Grant.
4. Options n