Tag Oil LTD Sample Contracts

INDEMNITY AGREEMENT
Indemnity Agreement • September 30th, 2008 • Tag Oil LTD • Oil & gas field exploration services • British Columbia

TAG OIL LTD., a company incorporated under the laws of Canada and having an office at Suite 1407, 1050 Burrard Street, Vancouver, British Columbia V6Z 2S3

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CONSULTING ARRANGEMENT
Consulting Arrangement • September 30th, 2008 • Tag Oil LTD • Oil & gas field exploration services

TRANS-ORIENT PETROLEUM LTD., a company incorporated under the laws of British Columbia and having an office at 999 Canada Place, World Trade Centre, Suite 404, Vancouver, British Columbia V7C 3E2

UNDERWRITING AGREEMENT
Underwriting Agreement • September 29th, 2006 • Tag Oil LTD • Oil & gas field exploration services • Alberta

Canaccord Capital Corporation ("Canaccord" or the "Underwriter") understands that TAG Oil Ltd. (the "Corporation") proposes to issue and sell 40,000,000 common shares in the capital of the Corporation (the "Offered Shares") by way of private placement (the "Offering").

DIRECTOR’S COMPENSATION AND INDEMNITY AGREEMENT
’s Compensation and Indemnity Agreement • September 30th, 2008 • Tag Oil LTD • Oil & gas field exploration services • British Columbia

TAG OIL LTD., a company incorporated under the laws of British Columbia and having an office at Suite 1407, 1050 Burrard Street, Vancouver, British Columbia V6Z 2S3

Form of Farm-Out Agreement for PEP 38723 Dated 2002 GONDWANA ENERGY (NZ) LIMITED AND DURUM ENERGY (NEW ZEALAND) LIMITED FARMOUT AGREEMENT PEP 38723
Farmout Agreement • September 30th, 2003 • Tag Oil LTD • Oil & gas field exploration services
TAG OIL LTD. SUBSCRIPTION AGREEMENT FOR COMMON SHARES (U.S. Subscription Agreement)
Tag Oil LTD • September 29th, 2006 • Oil & gas field exploration services • British Columbia

The undersigned (the “Subscriber”) hereby irrevocably subscribes for and agrees to purchase through the U.S. Agent from TAG Oil Ltd. (the “Corporation”) that number of Common Shares of the Corporation (the “Common Shares”) set out on page 2 at a price of $0.75 per Common Share (the “Subscription Price”) for the aggregate subscription price (the “Aggregate Subscription Price”) set out on page 2. The Subscriber agrees to be bound by the terms and conditions set forth in the attached “Terms and Conditions of Subscription for Common Shares” including without limitation the representations, warranties and covenants set forth in the applicable schedules attached thereto. The Subscriber further agrees, without limitation, that the Corporation, the Underwriter, the U.S. Agent and their respective counsel may rely upon the Subscriber’s representations, warranties and covenants contained in such documents.

CONSULTING AGREEMENT
Consulting Agreement • September 30th, 2008 • Tag Oil LTD • Oil & gas field exploration services • British Columbia

TAG OIL LTD., a company incorporated under the laws of British Columbia and having an office at Suite 1407, 1050 Burrard Street, Vancouver, British Columbia V6Z 2S3

CONSULTING AGREEMENT
Consulting Agreement • September 30th, 2005 • Tag Oil LTD • Oil & gas field exploration services • British Columbia

TAG OIL LTD. a company incorporated under the laws of Yukon Territory with business offices at 1407-1050 Burrard Street, Vancouver, British Columbia, V6Z 2S3

SUBSCRIPTION AGREEMENT
Subscription Agreement • September 30th, 2004 • Tag Oil LTD • Oil & gas field exploration services

Canadian resident Investors must complete Form 1 or Form 2 (Schedules A and B) unless you are resident in British Columbia and purchasing at least 45,000 Units.

Form of Sale Agreement for PEP 38480 Dated 2002 INDO-PACIFIC ENERGY (NZ) LIMITED AND DURUM ENERGY (NEW ZEALAND) LIMITED SALE AGREEMENT PEP 38480
Sale Agreement • September 30th, 2003 • Tag Oil LTD • Oil & gas field exploration services
CONSULTING AGREEMENT
Consulting Agreement • September 30th, 2005 • Tag Oil LTD • Oil & gas field exploration services • British Columbia

TAG OIL LTD. a company incorporated under the laws of Yukon Territory with business offices at 1407-1050 Burrard Street, Vancouver, British Columbia, V6Z 2S3

DIRECTOR’S COMPENSATION AND INDEMNITY AGREEMENT
Agreement • September 30th, 2005 • Tag Oil LTD • Oil & gas field exploration services • Yukon

NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration of the sum of $1.00 now paid by the Indemnitee to the Corporation (the receipt and sufficiency of which is hereby acknowledged by the Corporation) and other good and valuable consideration including the Indemnitee acting as a director of the Corporation, the parties hereby covenant and agree with each other as follows:

TAG OIL LTD. SUBSCRIPTION AGREEMENT FOR COMMON SHARES (Canadian and Non-US Persons)
Tag Oil LTD • September 30th, 2005 • Oil & gas field exploration services • British Columbia

The undersigned (the “Subscriber”) hereby irrevocably subscribes for and agrees to purchase from TAG Oil Ltd. (the “Corporation”) that number of common shares of the Corporation (the “Common Shares”) set out on page 2 at a price of $1.30 per Common Share (the “Subscription Price”) for the aggregate subscription price (the “Aggregate Subscription Price”) set out on page 2. The Subscriber agrees to be bound by the terms and conditions set forth in the attached “Terms and Conditions of Subscription for Common Shares” including without limitation the representations, warranties and covenants set forth in the applicable schedules attached thereto. The Subscriber further agrees, without limitation, that the Corporation, the Underwriter and their respective counsel may rely upon the Subscriber’s representations, warranties and covenants contained in such documents.

TAG OIL LTD. SUBSCRIPTION AGREEMENT FOR COMMON SHARES (U.S. Subscription Agreement)
Tag Oil LTD • September 30th, 2005 • Oil & gas field exploration services • British Columbia

The undersigned (the “Subscriber”) hereby irrevocably subscribes for and agrees to purchase through the U.S. Agent from TAG Oil Ltd. (the “Corporation”) that number of Common Shares of the Corporation (the “Common Shares”) set out on page 2 at a price of $1.30 per Common Share (the “Subscription Price”) for the aggregate subscription price (the “Aggregate Subscription Price”) set out on page 2. The Subscriber agrees to be bound by the terms and conditions set forth in the attached “Terms and Conditions of Subscription for Common Shares” including without limitation the representations, warranties and covenants set forth in the applicable schedules attached thereto. The Subscriber further agrees, without limitation, that the Corporation, the Underwriter, the U.S. Agent and their respective counsel may rely upon the Subscriber’s representations, warranties and covenants contained in such documents.

EXECUTIVE EMPLOYMENT AGREEMENT
Executive Employment Agreement • September 28th, 2007 • Tag Oil LTD • Oil & gas field exploration services • British Columbia

WITNESSETH that in consideration of the covenants and agreements herein, and for other good and valuable consideration given by each party hereto to the other, the receipt and sufficiency of which are hereby acknowledged by each of the parties, the parties hereby agree as follows:

TAG OIL LTD. SUBSCRIPTION AGREEMENT FOR COMMON SHARES (Canadian and Non-US Persons)
Tag Oil LTD • September 29th, 2006 • Oil & gas field exploration services • British Columbia

The undersigned (the “Subscriber”) hereby irrevocably subscribes for and agrees to purchase from TAG Oil Ltd. (the “Corporation”) that number of common shares of the Corporation (the “Common Shares”) set out on page 2 at a price of $0.75 per Common Share (the “Subscription Price”) for the aggregate subscription price (the “Aggregate Subscription Price”) set out on page 2. The Subscriber agrees to be bound by the terms and conditions set forth in the attached “Terms and Conditions of Subscription for Common Shares” including without limitation the representations, warranties and covenants set forth in the applicable schedules attached thereto. The Subscriber further agrees, without limitation, that the Corporation, the Underwriter and their respective counsel may rely upon the Subscriber’s representations, warranties and covenants contained in such documents.

CONSULTING AGREEMENT
Consulting Agreement • September 28th, 2007 • Tag Oil LTD • Oil & gas field exploration services • British Columbia
FORM 2D LISTING AGREEMENT
Listing Agreement • September 30th, 2005 • Tag Oil LTD • Oil & gas field exploration services • Alberta

In consideration of the listing on the TSX Venture Exchange Inc. (the “Exchange”) of securities of the undersigned entity (the “Issuer”), the Issuer hereby agrees with the Exchange as follows:

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