0001193125-06-141870 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • July 5th, 2006 • Tekoil & Gas Corp • Florida

THIS EMPLOYMENT AGREEMENT (the “Agreement”), effective as of October 21st, 2005 is entered into by and between Mark Western, having an address at 2059 Patricia Drive, Orlando, FL 32819 (“Employee”), and TEKOIL & GAS CORPORATION, a Delaware Corporation (“Company”).

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DIRECTOR SERVICE AGREEMENT
Director Service Agreement • July 5th, 2006 • Tekoil & Gas Corp • Florida

This Director Service Agreement (the “Agreement”), is entered into as of October 21, 2005, by and between TEKOIL & GAS CORPORATION, a Florida corporation (the “Company”), and Francis Clear, an individual residing at 4630 S. Kirkman Road, Orlando, FL 32811 (the “Director”).

ACQUISITION AGREEMENT
Acquisition Agreement • July 5th, 2006 • Tekoil & Gas Corp • Florida

THIS ACQUISITION AGREEMENT (the “Agreement”), dated as of May 25, 2005, by and among PEXCON, INC., a Delaware corporation (hereinafter called the “Company”); TEKOIL & GAS CORPORATION, a Florida corporation (hereinafter called “TGC”); the SHAREHOLDERS OF TGC (hereinafter called the “Shareholders”); and GERALD M. DUNNE (“Dunne”).

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