0001010549-12-001189 Sample Contracts

ESCROW AGREEMENT
Escrow Agreement • November 13th, 2012 • Blue Dolphin Energy Co • Crude petroleum & natural gas

This Escrow Agreement (the “Escrow Agreement”) is made this 6th day of November 2012, by and among Blue Sky Langsa Limited, a Mauritius company (“BSL”), Les Cascades, Edith Cavell Street, Port-Louis, Mauritius (“BSL”) and Indonesian office at Menara Prima 26th Floor, Jl. Lingkar Mega Kuningan Blok 6.2 Jakarta 12950, Indonesia; Blue Dolphin Exploration Company (“BDEC”), a Delaware corporation with offices at 801 Travis Street, Suite 2100, Houston, Texas 77002, and Doherty & Doherty, LLP (“Escrow Agent”), a Texas professional limited liability company with offices at 1717 St. James Place, Suite. 520, Houston, Texas 77056, with reference to the following facts and circumstances:

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SALE AND PURCHASE AGREEMENT
Sale and Purchase Agreement • November 13th, 2012 • Blue Dolphin Energy Co • Crude petroleum & natural gas • Texas

Blue Dolphin Exploration Company, a company incorporated and existing under the laws of the State of Delaware, U.S.A., and having its registered office at 1209 Orange Street, Wilmington, Delaware 19801 ("BDEC"); and

ASSIGNMENT AGREEMENT
Assignment Agreement • November 13th, 2012 • Blue Dolphin Energy Co • Crude petroleum & natural gas • Texas

This Assignment Agreement ("Assignment Agreement") is entered into and made effective on this 6thday of November 2012 by and among:

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