0001104659-06-006227 Sample Contracts

REDEMPTION AND RELEASE AGREEMENT
Redemption and Release Agreement • February 6th, 2006 • Harken Energy Corp • Crude petroleum & natural gas • New York

This Redemption and Release Agreement (this “Agreement”) is entered into as of January 31, 2006 (the “Effective Date”), by and among International Business Associates Holding Co., Ltd., a British Virgin Islands company (“IBAH”), International Business Associates (USA), Inc., a Delaware corporation (“IBA USA”), International Business Associates, Ltd., an exempt Turks and Caicos company (the “Company”), John Kean, Jr., and Stanley J. Brownell (together with Mr. Kean, the “Stockholders”).

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