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”).

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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”).

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