Common use of Stock Option Grant Notice Clause in Contracts

Stock Option Grant Notice. Petro River Oil Corp. (the “Company”), hereby grants to Rxxxx Xxxx (the “Option holder”) an option to purchase the number of shares of the Company’s common stock, par value $0.00001 per share (the “Common Stock”), as set forth below (the “Option”). The Option is granted pursuant to the terms of the Company’s 2012 Equity Compensation Plan (the “Plan”). The Option is subject to all the terms and conditions as set forth in this grant notice (this “Grant Notice”), the Plan and the Notice of Exercise of Stock Option attached hereto as Exhibit A (the “Notice of Exercise”), all of which are incorporated herein by reference in their entirety. Optionholder Rxxxx Xxxx Date of Grant November 22, 2013 Number of Shares Subject to Option 12,500,000 Exercise Price (per share) $0.059 Expiration Date November 22, 2023

Stock Option Grant Notice. Petro River Oil Corp. (the “Company”), hereby grants to Rxxxx Xxxx Dxxxx Xxxxxxx (the “Option holder”) an option to purchase the number of shares of the Company’s common stock, par value $0.00001 per share (the “Common Stock”), as set forth below (the “Option”). The Option is granted pursuant to the terms of the Company’s 2012 Equity Compensation Plan (the “Plan”). The Option is subject to all the terms and conditions as set forth in this grant notice (this “Grant Notice”), the Plan and the Notice of Exercise of Stock Option attached hereto as Exhibit A (the “Notice of Exercise”), all of which are incorporated herein by reference in their entirety. Optionholder Rxxxx Xxxx Option holder Dxxxx Xxxxxxx Date of Grant November 2226, 2013 Number of Shares Subject to Option 12,500,000 750,000 Exercise Price (per share) $0.059 Expiration Date November 2226, 20232013

Stock Option Grant Notice. Petro River Oil Corp. (the “Company”), hereby grants to Rxxxx Xxxx Sxxx Xxxxx (the “Option holder”) an option to purchase the number of shares of the Company’s common stock, par value $0.00001 per share (the “Common Stock”), as set forth below (the “Option”). The Option is granted pursuant to the terms of the Company’s 2012 Equity Compensation Plan (the “Plan”). The Option is subject to all the terms and conditions as set forth in this grant notice (this “Grant Notice”), the Plan and the Notice of Exercise of Stock Option attached hereto as Exhibit A (the “Notice of Exercise”), all of which are incorporated herein by reference in their entirety. Optionholder Rxxxx Xxxx Sxxx Xxxxx Date of Grant November 2220, 2013 Number of Shares Subject to Option 12,500,000 41,666,667 Exercise Price (per share) $0.059 Expiration Date November 2220, 2023

Stock Option Grant Notice. Petro River Oil Corp. (the “Company”), hereby grants to Rxxxx Xxxx Lxxx Xxxxxx (the “Option holder”) an option to purchase the number of shares of the Company’s common stock, par value $0.00001 per share (the “Common Stock”), as set forth below (the “Option”). The Option is granted pursuant to the terms of the Company’s 2012 Equity Compensation Plan (the “Plan”). The Option is subject to all the terms and conditions as set forth in this grant notice (this “Grant Notice”), the Plan and the Notice of Exercise of Stock Option attached hereto as Exhibit A (the “Notice of Exercise”), all of which are incorporated herein by reference in their entirety. Optionholder Rxxxx Xxxx Option holder Lxxx Xxxxxx Date of Grant November 2225, 2013 Number of Shares Subject to Option 12,500,000 6,250,000 Exercise Price (per share) $0.059 Expiration Date November 2225, 2023

Stock Option Grant Notice. Petro River Oil Corp. (the “Company”), hereby grants to Rxxxx Xxxx Gxxx Xxxxxxx (the “Option holder”) an option to purchase the number of shares of the Company’s common stock, par value $0.00001 per share (the “Common Stock”), as set forth below (the “Option”). The Option is granted pursuant to the terms of the Company’s 2012 Equity Compensation Plan (the “Plan”). The Option is subject to all the terms and conditions as set forth in this grant notice (this “Grant Notice”), the Plan and the Notice of Exercise of Stock Option attached hereto as Exhibit A (the “Notice of Exercise”), all of which are incorporated herein by reference in their entirety. Optionholder Rxxxx Xxxx Option holder Gxxx Xxxxxxx Date of Grant November 22, 2013 Number of Shares Subject to Option 12,500,000 6,250,000 Exercise Price (per share) $0.059 Expiration Date November 22, 2023

Stock Option Grant Notice. Petro River Oil Corp. (the “Company”), hereby grants to Rxxxx Xxxx Dxxxxx Xxxxx (the “Option holder”) an option to purchase the number of shares of the Company’s common stock, par value $0.00001 per share (the “Common Stock”), as set forth below (the “Option”). The Option is granted pursuant to the terms of the Company’s 2012 Equity Compensation Plan (the “Plan”). The Option is subject to all the terms and conditions as set forth in this grant notice (this “Grant Notice”), the Plan and the Notice of Exercise of Stock Option attached hereto as Exhibit A (the “Notice of Exercise”), all of which are incorporated herein by reference in their entirety. Optionholder Rxxxx Xxxx Dxxxxx Xxxxx Date of Grant November 2227, 2013 Number of Shares Subject to Option 12,500,000 Exercise Price (per share) $0.059 Expiration Date November 2227, 2023