0001038838-07-000173 Sample Contracts

Bayshore Exploration L.L.C. 20501 Katy Freeway, Suite 216
Farmout Agreement • March 19th, 2007 • Paxton Energy Inc • Crude petroleum & natural gas • Texas

This Farmout Agreement is entered into on this 29th day of December, 2006, by and between Bayshore Exploration L.L.C. (“Bayshore”), as Farmor, and Paxton Energy, Inc. (“Paxton”), as Farmee, pertaining to the Fiedler No. 1 Well located on the Storey Ranch Prospect in La Salle County, Texas. The parties hereto agree to the following terms and conditions:

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