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0000788965-07-000040 Sample Contracts

SUBSCRIPTION AGREEMENT
Subscription Agreement • November 14th, 2007 • Hallador Petroleum Co • Crude petroleum & natural gas • Colorado

This Subscription Agreement (this “Agreement”) is made as of September 26, 2007 by and between HALLADOR PETROLEUM COMPANY, a Colorado corporation (the “Corporation”) and TECOVAS PARTNERS V, L.P., a Texas limited partnership (“Subscriber”).

Standard Contracts

PURCHASE AND SALE AGREEMENT dated effective as of October 5, 2007 between Hallador Petroleum Company, as Purchaser and Savoy Energy Limited Partnership, as Seller
Purchase and Sale Agreement • November 14th, 2007 • Hallador Petroleum Co • Crude petroleum & natural gas • Michigan

This PURCHASE AND SALE AGREEMENT (this “Agreement”), dated as of October 5, 2007, is entered into by and between Hallador Petroleum Company, a Colorado corporation (“Purchaser”), and Savoy Energy Limited Partnership, a Michigan limited partnership (“Seller”).