0001144204-09-062963 Sample Contracts

SEPARATION AGREEMENT
Separation Agreement • December 3rd, 2009 • Triangle Petroleum Corp • Crude petroleum & natural gas • New York

THIS SEPARATION AGREEMENT (as the same may be amended, modified or supplemented from time to time, the “Agreement”) is made and entered into this 30th day of November, 2009 (the “Effective Date”), by and between Triangle Petroleum Corporation, a Nevada corporation (including its successors, the “Corporation”), and Mark Gustafson (“MG”).

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MEMORANDUM OF UNDERSTANDING
Memorandum of Understanding • December 3rd, 2009 • Triangle Petroleum Corp • Crude petroleum & natural gas • New York

This Memorandum Of Understanding (the "MOU") is entered into this 30th day of November, 2009 by and among Triangle Petroleum Corporation (“Triangle”), a Nevada corporation, with offices at Suite 1250, 521-3rd Avenue SW, Calgary, Alberta, Canada T2P 3T3, and Palo Alto Global Energy Master Fund, L.P. (“Palo Alto”), with offices at 470 University Avenue, Palo Alto, CA 94301, and Mark Gustafson, of the City of Vancouver, British Columbia.

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