0001047469-04-024612 Sample Contracts

BETA OIL & GAS, INC. FORM OF WARRANT AGREEMENT
Warrant Agreement • July 29th, 2004 • Petrohawk Energy Corp • Crude petroleum & natural gas • Oklahoma

THIS WARRANT AGREEMENT (this "Agreement") is made and entered into as of , 200 , between BETA OIL & GAS, INC., a Nevada corporation (the "Company") and , an individual ("Holder").

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BETA OIL & GAS, INC. FORM OF STOCK OPTION AGREEMENT
Stock Option Agreement • July 29th, 2004 • Petrohawk Energy Corp • Crude petroleum & natural gas • Nevada

THIS STOCK OPTION AGREEMENT (this "Agreement"), is made and entered into as of the day of , , by and between BETA OIL & GAS, INC., a Nevada corporation (the "Corporation"), and ( ) of the Corporation ("Optionee").

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