0000950142-10-001751 Sample Contracts

FORM OF RETENTION AGREEMENT
Retention Agreement • November 30th, 2010 • Oilsands Quest Inc • Miscellaneous metal ores • Alberta

This Retention Agreement (“Agreement”), dated as of November 23, 2010, is between LEIGH PETERS/GARTH WONG, an individual who resides at Calgary, Alberta, (the “Executive”), and OILSANDS QUEST INC. (the “Corporation”), a Colorado corporation having its principal place of business in Calgary, Alberta.

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