Purchase, Sale and Exploration Agreement Sample Contracts

Purchase, Sale and Exploration Agreement By and Between Shelby Resources LLC as Seller and Teton Energy Corporation as Buyer Dated March 24, 2008

Purchase, Sale and Exploration Agreement • April 3rd, 2008 • Teton Energy Corp • Drilling oil & gas wells • Colorado

• Contract Type
  Purchase, Sale and Exploration Agreement
• Filed
  April 3rd, 2008
• Company
  Teton Energy Corp
• Industry
  Drilling oil & gas wells
• Jurisdiction
  Colorado

This Purchase, Sale and Exploration Agreement (this “Agreement”), dated March 24, 2008 (“Execution Date”), is by and between Shelby Resources LLC, a Colorado limited liability company, 1658 Cole Boulevard, Suite 205, Lakewood, CO 80401 (“Shelby” or “Seller”) and Teton Energy Corporation, a Delaware corporation, 410 17th Street, Suite 1850, Denver, CO 80202 (“Teton” or “Buyer”). The transaction contemplated by this Agreement may be referred to as the “Transaction.” Seller and Buyer may be referred to individually as a “Party” or collectively as the “Parties.”