0001019687-06-000876 Sample Contracts

RELEASE AND INDEMNIFICATION AGREEMENT

Release and Indemnification Agreement • April 17th, 2006 • Surge Global Energy, Inc. • Crude petroleum & natural gas • Alberta

• Contract Type
  Release and Indemnification Agreement
• Filed
  April 17th, 2006
• Company
  Surge Global Energy, Inc.
• Industry
  Crude petroleum & natural gas
• Jurisdiction
  Alberta

AND WHEREAS Surge U.S., Surge Canada and the new management team of Surge Canada are desirous of fixing the real and contingent liability position of Surge Canada at the time of completing (the "Closing") the private placement of $ aggregate principal amount of 7.0% convertible secured debentures due November 15, 2007 of Surge Canada on the date hereof (the "Closing Date");

ESCROW AGREEMENT

Escrow Agreement • April 17th, 2006 • Surge Global Energy, Inc. • Crude petroleum & natural gas • Alberta

• Contract Type
  Escrow Agreement
• Filed
  April 17th, 2006
• Company
  Surge Global Energy, Inc.
• Industry
  Crude petroleum & natural gas
• Jurisdiction
  Alberta

WHEREAS Surge Canada and Surge U.S. are parties to a release and indemnification agreement (the "Indemnification Agreement") dated on even date hereof;