0001193125-05-052713 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • March 16th, 2005 • Mission Resources Corp • Crude petroleum & natural gas • Texas

This Employment Agreement (this “Agreement”) entered into effective as of March 14, 2005, by and between William R. Picquet (the “Executive”), and Mission Resources Corporation, a Delaware corporation having its principal place of business at 1331 Lamar, Suite 1455, Houston, Texas 77010-3039 (the “Company”);

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NONSTATUTORY STOCK OPTION GRANT AGREEMENT
Nonstatutory Stock Option • March 16th, 2005 • Mission Resources Corp • Crude petroleum & natural gas • Texas

THIS AGREEMENT is entered into this 14th day of March, 2005, between Mission Resources Corporation, a Delaware corporation (the “Company”), and William R. Picquet, an employee of the Company (“Grantee”).

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