0001185185-08-000266 Sample Contracts

REGISTRATION RIGHTS AGREEMENT
Registration Rights Agreement • April 4th, 2008 • Tidelands Oil & Gas Corp/Wa • Oil & gas field exploration services • Texas

This Registration Rights Agreement dated as of the date set forth on the signature page (“Agreement”) is by and between Tidelands Oil and Gas Corporation (the “Company”), and Impact International LLC (the “Holder”).

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PURCHASE AND SALE AGREEMENT
Purchase and Sale Agreement • April 4th, 2008 • Tidelands Oil & Gas Corp/Wa • Oil & gas field exploration services • Texas

This Purchase And Sale Agreement (this “Agreement”), dated March 25, 2008, is between West Texas Gas, Inc., a Texas, corporation (“Purchaser”), and Reef Ventures, L.P., a Texas limited partnership (“Seller”). (Seller and Purchaser are sometimes referred to herein individually as a “Party” and collectively as the “Parties”.)

GENERAL RELEASE
General Release • April 4th, 2008 • Tidelands Oil & Gas Corp/Wa • Oil & gas field exploration services • Texas

This GENERAL RELEASE (the “Release”) is made as of March 25, 2008, by and among Impact International, L.L.C., an Oklahoma limited liability company (“Impact”), Ramiiilaj, a Limited Partnership, a Texas limited partnership (“Ramiiilaj”), Reef Ventures, L.P., a Texas limited partnership (“Reef Ventures”), Arrecefe Management, LLC, a Texas limited liability company (“Arrecefe”), and Tidelands Oil & Gas Corporation, a Nevada corporation (“Tidelands”). Each of Impact, Ramiiilaj, Reef Ventures, Arrecefe and Tidelands are sometimes referred to in this Release as a “Party” and collectively as the “Parties”. Tidelands, Reef Ventures, and Arrecefe are collectively referred to in this Release as the “Tidelands Parties”. Impact and Ramiiilaj are collectively referred to in this Release as the “Impact Parties”.

NON-COMPETITION AGREEMENT OF TIDELANDS OIL & GAS CORPORATION
Non-Competition Agreement • April 4th, 2008 • Tidelands Oil & Gas Corp/Wa • Oil & gas field exploration services • Texas

This Non-competition Agreement (“Non-competition Agreement”) dated March 25, 2008, is between West Texas Gas, Inc., a Texas corporation (“WTG”), and Tidelands Oil & Gas Corporation, a Nevada corporation (“Tidelands”).

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