0001183740-08-000086 Sample Contracts

CONSULTING SERVICES AND OPTION AGREEMENT Between: GULF STATES ENERGY, INC. And: JIM THOMAS Gulf States Energy, Inc. Suite 320, 1111 West Hastings Street, Vancouver, British Columbia, V6E 2J3
Consulting Services and Option Agreement • February 5th, 2008 • Strategic American Oil Corp • Texas

THIS CONSULTING SERVICES AND OPTION AGREEMENT is made and dated for reference effective as at April 1, 2006 (the "Effective Date") as fully executed on this _______ day of April, 2006 (the "Execution Date"),

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SALE CONTRACT FOR OIL AND GAS LEASES BETWEEN Energy Program Accompany, LLC, a Louisiana Limited Liability Company AND Penasco Petroleum, Inc., a Nevada Corporation Executed on this 24th Day of August, 2006
Sale Contract • February 5th, 2008 • Strategic American Oil Corp • Texas

Be It Known That the following Sale Contract for Oil and Gas Leases, hereinafter referred to as "Agreement", is made by and between:

PROFESSIONAL SERVICES RETAINER CONTRACT Strategic American Oil Corporation and Steven L Carter
Professional Services Retainer Contract • February 5th, 2008 • Strategic American Oil Corp • Texas

This Professional Services Retainer Contract (the "Contract") is dated for reference as fully executed and effective on this 27th day of December, 2006 (the "Effective Date" hereof).

LETTER AGREEMENT
Letter Agreement • February 5th, 2008 • Strategic American Oil Corp

This agreement dated September 1, 2006, by and between Penasco Petroleum, Inc., a Nevada Corporation, (Penasco) with its principle place of business at Suite 230, 9801 Anderson Mill Road, Austin, TX 78750, and Tradestar Resource Corporation, (Tradestar) a Nevada Corporation, with its principle place of business at 300 Exchange Street, Hot Springs, Arkansas 71901.

EMPLOYMENT SERVICES AGREEMENT Between: GULF STATES ENERGY, INC. And: Management Solutions International, Inc. Gulf States Energy, Inc. Suite 320, 1111 West Hastings Street, Vancouver, British Columbia, Canada, V6E 2J3
Employment Services Agreement • February 5th, 2008 • Strategic American Oil Corp • British Columbia

THIS EMPLOYMENT SERVICES AGREEMENT is made and dated for reference effective as at April 1, 2006 (the "Effective Date") as fully executed on this _____ day of April, 2006.

OIL, GAS AND MINERAL LEASE
Lease Agreement • February 5th, 2008 • Strategic American Oil Corp

This Lease Agreement is entered into this 17th day of July, 2006, (the "Effective Date") between Henry J. Janssen. Jr., as "Lessor," whether one or more, whose address is 484 FM 81, Runge, Texas 78151, and Penasco Petroleum, Inc., as "Lessee", whose address is 9801 Anderson Mill Rd., Suite 230, Austin, Texas 78750.

MARMIK OIL COMPANY
Strategic American Oil Corp • February 5th, 2008

Re: Ratification Letter to the Little Mule Creek Prospect Participation Agreement Dated June 19, 2007 Alfalfa and Woods Counties, Oklahoma

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