0000910680-07-000571 Sample Contracts

ASSIGNMENT, ASSUMPTION AND RELEASE
Assignment, Assumption and Release • June 19th, 2007 • Star Energy Corp • Crude petroleum & natural gas • New York

THIS ASSIGNMENT, ASSUMPTION AND RELEASE (the “Assignment”), dated as of June 14, 2007, is made by and among STAR ENERGY CORPORATION, a corporation organized under the laws of state of Nevada (the “Corporation”), VOLGA-NEFT LIMITED COMPANY, a society with limited liability organized under the laws of the Russian Federation (the “Company”), and JSC CAPITAL DEPARTMENT STORES (“JSC”), an entity headquartered in Riga, Latvia. The Corporation, the Company and JSC are sometimes referred to herein collectively as the “Parties,” each individually a “Party.”

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RESCISSION AGREEMENT OF STOCK PURCHASE AGREEMENT
Rescission Agreement • June 19th, 2007 • Star Energy Corp • Crude petroleum & natural gas

This rescission agreement (the “Rescission Agreement”) is made and entered into this 14th day of June, 2007, by and among Star Energy Corporation, a Nevada corporation (the “Corporation”), Volga-Neft Limited Company, a society with limited liability organized under the laws of the Russian Federation (the “Company”), and Olga Amuofyevna Dubrovskaya and Artiir Andreasouvich Dzhalovyan (each, a “Seller”, collectively, the “Sellers”). The Corporation, the Company, and each Seller may hereafter be referred to as a “Party,” collectively, the “Parties.”

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