0001104659-06-031283 Sample Contracts

PURCHASE AND SALE AGREEMENT
Purchase and Sale Agreement • May 5th, 2006 • Whittier Energy Corp • Oil & gas field exploration services • Texas

This Agreement (“Agreement”) dated April , 2006, is between Imperial Petroleum, Inc., a Nevada corporation (herein called “Seller”) and Whittier Energy Company, a Nevada corporation, and Premier Natural Resources, LLC, a Delaware limited liability company (herein collectively called “Buyer”).

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PURCHASE AND SALE AGREEMENT
Purchase and Sale Agreement • May 5th, 2006 • Whittier Energy Corp • Oil & gas field exploration services • Texas

This Purchase and Sale Agreement (this “Agreement”) is made and entered into this 1st day of May, 2006, by and between Drilling & Xtraction, L.P., a Texas limited partnership, Oloma Energy, LP, a Louisiana limited partnership, Westhoff Ranch, LP, a Texas limited partnership, Cookin’ With Gas, LP, a Texas limited partnership, JC 2 Under Par, LP, a Texas limited partnership, and McDowell Partners, LP, a Texas limited partnership, (individually each a “Sellers” and collectively, “Sellers”) and Whittier Energy Company, a Nevada corporation (the “Buyer”). Buyer and Sellers are collectively referred to herein as the “Parties”, and are sometimes referred to individually as a “Party.”

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