X0203 3 2011-06-07 0 0001342643 PAXTON ENERGY INC pxte 0001524370 Jordan Paul A 295 HIGHWAY 50, SUITE 2 LAKE VILLAGE PROFESSIONAL BUILDING STATELINE NV 89449 1 0 0 0 Option 0.3 2020-05-17 Common Stock 1000000 D The stock option is granted pursuant to the Issuer's 2010 Incentive Stock Plan, with options to purchase 333,333 shares shall vested as of the grant date and the remaining options to purchase 666,667 shares shall vest thereafter on a pro rata monthly basis over the subsequent twenty-four (24) full calendar month period with options to purchase 27,777 shares vesting at the end of each full calendar month after the initial vesting date. /s/ PAUL A. JORDAN 2011-06-27