0001104659-08-017577 Sample Contracts

OPTION AGREEMENT
Option Agreement • March 14th, 2008 • Stratum Holdings, Inc. • Services-employment agencies • Delaware

This Option Agreement (the “Agreement”) is entered into as of March 11, 2008 by and between Stratum Holdings, Inc., a Nevada corporation (“Seller”), Decca Consulting Ltd., an Alberta corporation (“Decca”), and Hamilton Acquisition, Inc., a Delaware corporation (“Buyer”).

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TRANSITION SERVICES AGREEMENT
Transition Services Agreement • March 14th, 2008 • Stratum Holdings, Inc. • Services-employment agencies • Delaware

THIS TRANSITION SERVICES AGREEMENT (this “Agreement”) is entered into as of March 11, 2008, by and among Petroleum Engineers, Inc., a Louisiana corporation (“PEI”), Stratum Holdings, Inc., a Nevada corporation (“Stratum”), CYMRI, L.L.C., a Nevada limited liability company (“CYMRI”), and Triumph Energy, Inc., a Louisiana corporation (“Triumph”). Stratum, CYMRI and Triumph are referred to as the “Stratum Parties”.

SEVERANCE AGREEMENT
Severance Agreement • March 14th, 2008 • Stratum Holdings, Inc. • Services-employment agencies • Texas

This Severance Agreement (the “Agreement”) sets forth certain understandings and agreements reached by and between Richard Piske, III, acting on his own behalf (the “Employee”), Stratum Holdings, Inc., a Nevada corporation, and all of its parents, subsidiaries, and affiliated companies and divisions, including all officers, directors, agents, and employees (collectively, the “Company”). The Employee and the Company are collectively referred to herein as the “Parties”.

ESCROW AGREEMENT
Escrow Agreement • March 14th, 2008 • Stratum Holdings, Inc. • Services-employment agencies • Delaware

This Escrow Agreement (the “Agreement”) is entered into as of March 11, 2008 by and among Hamilton Acquisition, Inc., a Delaware corporation (“Buyer”), Stratum Holdings, Inc., a Nevada corporation (“Seller”), and U.S. Bank National Association, a national banking association (the “Escrow Agent”).

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