0000949353-07-000648 Sample Contracts

PURCHASE AND SALE AGREEMENT BETWEEN PETROHUNTER HEAVY OIL LTD. AND PEARL EXPLORATION AND PRODUCTION LTD. EFFECTIVE OCTOBER 1, 2007
Purchase and Sale Agreement • November 7th, 2007 • PetroHunter Energy Corp • Crude petroleum & natural gas • Colorado

THIS PURCHASE AND SALE AGREEMENT (“Agreement”) is made and entered into this 2nd day of November, 2007, but effective October 1, 2007 (the “Effective Date”), by and between PetroHunter Heavy Oil Ltd. (“Seller”), and Pearl Exploration and Production Ltd. (“Buyer”). Seller and Buyer may be referred to individually as a “Party” or collectively as the “Parties.”

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