0001193125-11-023316 Sample Contracts

Contract
Separation Agreement • February 3rd, 2011 • Transatlantic Petroleum Ltd. • Oil & gas field exploration services

This letter amends the Employment Agreement, which was effective May 1, 2008 (the “Employment Agreement”) between you and TransAtlantic Petroleum Ltd. (“TransAtlantic” or the “Company”), as follows:

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PURCHASE AGREEMENT BY AND AMONG DIRECT PETROLEUM EXPLORATION, INC., as Seller, TRANSATLANTIC WORLDWIDE, LTD., as Buyer, and TRANSATLANTIC PETROLEUM LTD., as Parent (Effective as of January 1, 2011)
Purchase Agreement • February 3rd, 2011 • Transatlantic Petroleum Ltd. • Oil & gas field exploration services • Texas

THIS PURCHASE AGREEMENT (this “Agreement”) is entered into January 28, 2011 (the “Execution Date”) to be effective as of January 1, 2011 (the “Effective Date”), by and among Direct Petroleum Exploration, Inc., a Colorado corporation (the “Seller”), TransAtlantic Worldwide, Ltd., a Bahamian company (the “Buyer”), and TransAtlantic Petroleum Ltd., a Bermuda corporation (the “Parent”). The Buyer, the Parent and the Seller are referred to collectively herein as the “Parties” and each as a “Party.”

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