0001279569-08-000114 Sample Contracts

TRUST INDENTURE DATED AS OF THE 27th DAY OF APRIL, 2005 BETWEEN VAULT ENERGY TRUST AND VAULT ACQUISITION INC. AND CANADIAN WESTERN TRUST COMPANY PROVIDING FOR THE ISSUE OF DEBENTURES
Trust Indenture • January 23rd, 2008 • Penn West Energy Trust • Crude petroleum & natural gas • Alberta

VAULT ACQUISITION INC., a corporation incorporated under the laws of the Province of Alberta (hereinafter called the "AcquisitionCo")

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FIRST SUPPLEMENTAL TRUST INDENTURE
First Supplemental Trust Indenture • January 23rd, 2008 • Penn West Energy Trust • Crude petroleum & natural gas • Alberta

CANADIAN WESTERN TRUST COMPANY, a trust company existing under the federal laws of Canada having an office in the City of Calgary, in the Province of Alberta (hereinafter called the "Debenture Trustee")

SECOND SUPPLEMENTAL TRUST INDENTURE
Second Supplemental Trust Indenture • January 23rd, 2008 • Penn West Energy Trust • Crude petroleum & natural gas • Alberta

VAULT ENERGY TRUST, an open ended trust governed under the laws of the Province of Alberta and having its head office in the City of Calgary, in the Province of Alberta (hereinafter called "Vault Trust")

FIRST SUPPLEMENTAL TRUST INDENTURE
First Supplemental Trust Indenture • January 23rd, 2008 • Penn West Energy Trust • Crude petroleum & natural gas • Alberta

VAULT ENERGY TRUST, an open ended trust governed under the laws of the Province of Alberta and having its head office in the City of Calgary, in the Province of Alberta (hereinafter called "Vault Trust")

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