0001432093-10-000480 Sample Contracts

FARMOUT AGREEMENT
Farmout Agreement • July 19th, 2010 • Gulf United Energy, Inc. • Metal mining • Texas

THIS Farmout Agreement (this “Agreement”) is entered into on effective as of May 31, 2010 (“Effective Date”) between SK Energy, Sucursal Peruana, the Peruvian registered branch of SK Energy Co., Ltd., a company organized and existing under the laws of the Republic of Korea (“Farmor”), and Gulf United Energy Cuenca Trujillo Ltd., a company organized and existing under the laws of the British Virgin Islands (“Farmee”). Farmor and Farmee are sometimes referred to collectively as the “Parties” and individually as a “Party.”

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ASSIGNMENT AGREEMENT
Assignment Agreement • July 19th, 2010 • Gulf United Energy, Inc. • Metal mining • Texas

THIS ASSIGNMENT AGREEMENT (the “Agreement”) is made effective as of the 5th day of April, 2010, by and among James M. Askew, John B. Connally III, Rodeo Resources, L.P., and Ernest B. Miller IV (collectively the “Assignors”) and Gulf United Energy, Inc., a Nevada corporation (the “Assignee”).

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