LOCK-UP AGREEMENTLock-Up Agreement • July 27th, 2005 • Babcock Wayne • Crude petroleum & natural gas • Alberta
Contract Type FiledJuly 27th, 2005 Company Industry JurisdictionReference is made to the Arrangement Agreement between Dynamic Oil & Gas, Inc. ("Dynamic"), Sequoia Oil & Gas Trust (the "Trust"), Shellbridge Oil & Gas, Inc. and 0730008 B.C. Ltd., contemplating a plan of arrangement (the "Arrangement") under the Business Corporations Act (British Columbia). Unless otherwise defined herein, all capitalized terms referred to herein shall have the meanings attributed thereto in the Arrangement Agreement.