0001096906-07-001351 Sample Contracts

ASSIGNMENT AGREEMENT
Assignment Agreement • October 3rd, 2007 • PetroSouth Energy Corp. • Metal mining

PetroSouth Energy Corporation – Sucursal Colombia, (hereinafter PetroSouth) the Colombian branch office of a foreign corporation duly incorporated by Public Deed No. 00657 or 2007 of Notary 35 of Bogota, acting herein through its legal representative Mr. Felipe Pimienta Barros with C.C.79.785.924; and

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SHARE EXCHANGE AGREEMENT
Share Exchange Agreement • October 3rd, 2007 • PetroSouth Energy Corp. • Metal mining • British Columbia

THEREFORE, in consideration of the mutual covenants and agreements herein contained and other good and valuable consideration (the receipt and sufficiency of which are hereby acknowledged), the parties covenant and agree as follows:

COMMERCIAL AGREEMENT FOR THE TALORA BLOCK BETWEEN PETROLEUM EQUIPTMENT INTERNATIONAL PEI AND DAVID CRAVEN
Commercial Agreement • October 3rd, 2007 • PetroSouth Energy Corp. • Metal mining

This Talora Commercial Agreement, effective October 24, 2006 (“Effective Date”), is executed between PETROLEUM EQUIPMENT INTERNATIONAL LTDA (hereinafter “PEI”), a Colombian limited company, duty incorporated under the laws of the Republic of Colombia, and DAVID CRAVEN passport number 705138540, (hereinafter THE INVESTOR), PEI and THE INVESTOR are hereinafter referred to individually as “Party” or collectively as “Parties”.

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