0001161697-10-001135 Sample Contracts

OPTION AWARD AGREEMENT Miller Petroleum, Inc. Huntsville, TN 37756
Option Award Agreement • December 10th, 2010 • Miller Petroleum Inc • Crude petroleum & natural gas • Tennessee

We are pleased to advise you that, on August 1, 2008, the Board of Directors of Miller Petroleum, Inc. (the “Company”) authorized the award to you of an option (the “Option”) to purchase an aggregate of 250,000 shares of our common stock, par value $0.0001 per share (the “Common Stock”), upon the following terms and conditions:

Sample 1
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NON-PLAN EMPLOYEE OPTION AWARD AGREEMENT MILLER PETROLEUM, INC. Huntsville, TN 37756
Non-Plan Employee Option Award Agreement • December 10th, 2010 • Miller Petroleum Inc • Crude petroleum & natural gas

We are pleased to advise you that, on ____________(grant date), the Board of Directors of Miller Petroleum, Inc. authorized the Award to you of an option to purchase _______(number of) shares of our common stock, par value $0.0001 per share (the “Option”), upon the following terms and conditions:

Sample 1
OPTION AWARD AGREEMENT Miller Petroleum, Inc. Huntsville, TN 37756
Option Exercise Agreement • December 10th, 2010 • Miller Petroleum Inc • Crude petroleum & natural gas • Tennessee

We are pleased to advise you that, on February 18, 2010, the Board of Directors of Miller Petroleum, Inc. authorized the Award to you of an option to purchase 25,000 shares of our common stock, par value $0.0001 per share (the “Option”), upon the following terms and conditions:

Sample 1
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