CHANGE OF CONTROL AGREEMENTChange of Control Agreement • April 15th, 2008 • Park Place Energy Corp. • Crude petroleum & natural gas • British Columbia
NOW THEREFORE in consideration of the premises and the mutual covenants and agreements hereinafter contained, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged by each of the Consultant and the Company, it is agreed by and between the Consultant and the Company as follows:
PARK PLACE ENERGY INC.Management Services Agreement • April 15th, 2008 • Park Place Energy Corp. • Crude petroleum & natural gas
This letter will serve to confirm that, for good and valuable consideration, the receipt and sufficiency of which is acknowledged, we have agreed to amend the management services agreement between Park Place Energy Inc. (“Park Place”) and yourself dated January 1, 2007, as amended by a letter agreement dated September 26, 2007 (collectively, the “Management Services Agreement”). Adjusting the consideration payable pursuant to clause 3.1 of the Management Services Agreement so that, effective April 1, 2008, such consideration is reduced from CDN$20,000 per month to CDN$10,000 per month.
Participation Agreement Morgan County TennesseeParticipation Agreement • April 15th, 2008 • Park Place Energy Corp. • Crude petroleum & natural gas
Montello Resources Ltd., a body corporate, having an office in the City of Calgary in the Province of Alberta, (hereinafter referred to as “MEO”)
