0000788965-06-000018 Sample Contracts

COLLATERAL ASSIGNMENT OF HALLADOR MASTER PURCHASE/SALE AGREEMENT
Collateral Assignment of Purchase/Sale Agreement • April 25th, 2006 • Hallador Petroleum Co • Crude petroleum & natural gas • Indiana

THIS COLLATERAL ASSIGNMENT OF HALLADOR MASTER PURCHASE/SALE AGREEMENT (the “Assignment”) is made by HALLADOR PETROLEUM COMPANY, a Colorado corporation (“Hallador”), and certain of its affiliates and subsidiaries made a party hereto, to OLD NATIONAL BANK, a national banking association (“Bank”).

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REIMBURSEMENT AGREEMENT
Reimbursement Agreement • April 25th, 2006 • Hallador Petroleum Co • Crude petroleum & natural gas • Colorado

THIS REIMBURSEMENT AGREEMENT dated as of April 19, 2006 (the “Agreement”), is entered by and between SUNRISE COAL, LLC, a Indiana limited liability company (“Sunrise Coal”), and HALLADOR PETROLEUM COMPANY, a Colorado corporation (“Hallador Petroleum”).

CONTINUING GUARANTY
Continuing Guaranty • April 25th, 2006 • Hallador Petroleum Co • Crude petroleum & natural gas

This Guaranty shall remain fully enforceable irrespective of any defenses which the Borrower may assert on the underlying Liabilities (other than the defense of payment of the Liabilities), including, without limitation, the failure of consideration, breach of warranty, statute of frauds, statute of limitations, accord and satisfaction, and usury.

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