Park Place Energy Corp. Sample Contracts

STOCK OPTION AGREEMENT PARK PLACE ENERGY CORP.
Stock Option Agreement • November 25th, 2011 • Park Place Energy Corp. • Crude petroleum & natural gas

PARK PLACE ENERGY CORP., a company incorporated pursuant to the laws of the State of Nevada, Suite 300, 400 – 5 Avenue SW, Calgary, Alberta, Canada, T2P 0L6.

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OIL SANDS LEASE NO. 7406080084
Park Place Energy Corp. • August 8th, 2007 • Services-business services, nec

THEREFORE, subject to the terms and conditions contained in this Lease, Her Majesty grants to the Lessee, insofar as Her Majesty has the right to grant the same, the exclusive right to drill for, win, work and recover the Leased Substances within the Location, together with the right to remove from the Location any Leased Substances recovered, for the term of fifteen (15) years computed from the Term Commencement Date and, subject to the Mines and Minerals Act, for so long after the expiration of that term as this Lease is permitted to continue under the Mines and Minerals Act,

Contract
Control Agreement • November 5th, 2007 • Park Place Energy Corp. • Crude petroleum & natural gas • British Columbia

EXHIBIT 4.7 CHANGE OF CONTROL AGREEMENT THIS AGREEMENT made effective as of the 1st day of January, 2007. BETWEEN: PARK PLACE ENERGY INC. (the "Company") AND: GEORGE TSAFALAS (the "Consultant") WHEREAS: (A) The Consultant is presently engaged by the Company under a Consulting Contract; (B) The Company and the Consultant are desirous of having certain rights and benefits in the event that the Consultant's engagement with the Company is terminated in a manner set forth hereinafter; (C) The Company wishes to retain the benefit of the Consultant's services and to ensure that the Consultant is able to carry out his responsibilities with the Company free from any distractions associated with any potential change in the ownership or control of the Company or its assets; NOW THEREFORE in consideration of the premises and the mutual covenants and agreements hereinafter contained, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged by each o

STOCK OPTION AGREEMENT
Stock Option Agreement • August 8th, 2007 • Park Place Energy Corp. • Services-business services, nec
Re: FARMOUT AGREEMENT
Overriding Royalty Agreement • August 8th, 2007 • Park Place Energy Corp. • Services-business services, nec • Alberta

Bounty Developments Ltd. (“Bounty”) is the holder of the title documents covering the Farmout Lands described in Schedule “A” and has agreed to farmout a portion of its interests in the Farmout Lands to Park Place Energy Inc. on the following terms and conditions:

RE: Seismic Option Agreement
Overriding Royalty Agreement • August 8th, 2007 • Park Place Energy Corp. • Services-business services, nec • Alberta

Bounty Developments Ltd. (“Bounty”) is the holder of an undivided 100% Working Interest in the Title Documents covering the Farmout Lands described in Schedule “A” and has agreed to option its interests in the Farmout Lands to Damascus (“Damascus”) and Park Place Energy Inc. (“Park Place”) on the following terms and conditions.

SUBSCRIPTION FOR COMMON SHARES Dated _______________
Park Place Energy Corp. • August 8th, 2007 • Services-business services, nec

The undersigned (hereinafter referred to as the “Subscriber”) hereby irrevocably subscribes for and agrees to purchase the number of common shares (the “Shares”) of the Corporation set forth below at a subscription price of $0.25 per Share (i.e. (the “Subscription Amount”) upon and subject to the terms and conditions set forth in “Terms and Conditions of Subscription for Common Shares of Park Place Energy Inc.” attached hereto (together with the face pages and the attached Exhibits, the “Subscription Agreement”).

PARK PLACE ENERGY INC. Suite 1220, Park Place 666 Burrard Street Vancouver, B.C. V6C 2X8
Park Place Energy Corp. • November 5th, 2007 • Crude petroleum & natural gas

The following are the terms and conditions upon which Park Place Energy Inc. (the "Company") is prepared to contract with you to provide your services to the Company. By signing this letter agreement you accept the following terms and conditions:

SUBSCRIPTION FOR COMMON SHARE SHARES
Park Place Energy Corp. • August 8th, 2007 • Services-business services, nec

The undersigned (hereinafter referred to as the "Subscriber") hereby irrevocably subscribes for and agrees to purchase the number of common share Shares of the Corporation (the "Shares") set forth below for the aggregate subscription price set forth below (the "Aggregate Subscription Price"), representing a subscription price of $0.25 per Share, upon and subject to the terms and conditions set forth in "Terms and Conditions of Subscription for Shares of Park Place Energy Inc." attached hereto as Schedule “A” (the "Subscription Agreement").

SUBSCRIPTION FOR FLOW-THROUGH COMMON SHARE SHARES
Park Place Energy Corp. • August 8th, 2007 • Services-business services, nec

The undersigned (hereinafter referred to as the "Subscriber") hereby irrevocably subscribes for and agrees to purchase the number of common share Shares of the Corporation (the "Shares") to be issued as Flow-Through Shares set forth below for the aggregate subscription price set forth below (the "Aggregate Subscription Price"), representing a subscription price of $_____ per Share, upon and subject to the terms and conditions set forth in "Terms and Conditions of Subscription for Flow-Through Shares of Park Place Energy Inc." attached hereto as Schedule “A” (the "Subscription Agreement").

Contract
Park Place Energy Corp. • November 5th, 2007 • Crude petroleum & natural gas

September 26, 2007 David Stadnyk c/o Suite 1220 - 666 Burrard Street Vancouver, BC V6C 2X8 Dear Mr. Stadnyk: Re: Management Services Agreement This letter will serve to confirm our agreement wherein, for good and valuable consideration, the receipt and sufficiency which is hereby acknowledged, we have agreed to amend that Management Services Agreement between Park Place Energy Inc. ("Park Place Inc.") and David Stadnyk ("Stadnyk") dated January 1, 2007 (the "Management Services Agreement") and that Change of Control Agreement between Park Place Inc. and Stadnyk dated January 1, 2007 (the "Change of Control Agreement") as follows:

CONSULTING AGREEMENT
Consulting Agreement • August 8th, 2007 • Park Place Energy Corp. • Services-business services, nec • British Columbia

NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration of the mutual covenants and premises set forth herein, and for other good and valuable consideration (the receipt and sufficiency of which is hereby acknowledged) the parties hereto agree as follows:

PARK PLACE ENERGY INC. Suite #1220, 666 Burrard Street Vancouver, BC V6C 2X8
Park Place Energy Corp. • August 8th, 2007 • Services-business services, nec

This letter will serve to confirm that Park Place Energy Inc. (“Park Place”) has agreed to sell to Great Northern Oilsands, Inc. (“Great Northern”) and Great Northern has agreed to purchase from Park Place an undivided 50% interest in and to the Leases (the “Interest”), on the terms and conditions set out in this letter.

June 16, 2008 George Tsafalas c/o Suite 1220 - 666 Burrard Street Vancouver, BC V6C 2X8 Dear Mr. Tsafalas: Re: Change of Control Agreement
Park Place Energy Corp. • June 19th, 2008 • Crude petroleum & natural gas

This letter will serve to confirm our agreement with respect to the settlement of any and all obligations which Park Place Energy Corp. (the "Company") may otherwise have to you in connection with your election to terminate the Consulting Agreement with the Company in accordance with the terms of the Change of the Control Agreement between yourself and the Company, said election as set forth in your letter of June 2, 2008.

CONSULTING AGREEMENT
Consulting Agreement • July 19th, 2013 • Park Place Energy Corp. • Crude petroleum & natural gas • Texas

This Consulting Agreement (the “Agreement”) is made effective May 1, 2013 (the “Effective Date”) by and between Larsen Energy Consulting Inc., a Texas corporation whose address is 3364 Blackburn St., Dallas, Texas 75204 (“LECI”) and Park Place Energy Corp., a Nevada corporation whose address is Suite 300, 400-5th Avenue SW, Calgary, Alberta, Canada T2P 0L6 (“PPEC” or “Client”). LECI and Client are sometimes jointly referred to as the “Parties”.

AMENDING AGREEMENT
Amending Agreement • July 19th, 2007 • Park Place Energy Corp. • Services-business services, nec
PARK PLACE ENERGY INC. and ST ONLINE CORP. and 0794403 B.C. LTD.
Amalgamation Agreement • July 3rd, 2007 • ST Online Corp. • Services-business services, nec • British Columbia

THIS AGREEMENT is made as of June 15, 2007, among Park Place Energy Inc. (“Park Place”), a corporation incorporated under the laws of the Province of Alberta, ST Online Corp. (“ST”), a corporation incorporated under the laws of the State of Nevada and 0794403 B.C. Ltd. (“Subco”), a corporation incorporated under the laws of the Province of British Columbia (each a “Party” and collectively, the “Parties”).

REORGANIZATION ASSET AND SHARE PURCHASE AND SALE AGREEMENT
Reorganization Asset and Share Purchase and Sale Agreement • August 14th, 2007 • Park Place Energy Corp. • Services-business services, nec • British Columbia

PARK PLACE ENERGY CORP., formerly ST ONLINE CORP., a corporation incorporated under the laws of the State of Nevada with an address at 1220-666 Burrard Street, Vancouver, BC V6C 2X8

PARK PLACE ENERGY CORP. PRIVATE PLACEMENT SUBSCRIPTION AGREEMENT ACCREDITED INVESTORS (U.S. AND NON-U.S.) INSTRUCTIONS TO PURCHASER
Private Placement Subscription Agreement • July 30th, 2014 • Park Place Energy Corp. • Crude petroleum & natural gas • Texas

By signing this acceptance, the Issuer agrees to be bound by the Terms, the General Provisions and the other attached schedules and appendices, all of which are incorporated herein by reference. If funds are delivered to the Issuer’s lawyers, they are authorized to release the funds to the Issuer without further authorization from the Purchaser.

CHANGE OF CONTROL AGREEMENT
Change of Control Agreement • April 15th, 2008 • Park Place Energy Corp. • Crude petroleum & natural gas • British Columbia

NOW THEREFORE in consideration of the premises and the mutual covenants and agreements hereinafter contained, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged by each of the Consultant and the Company, it is agreed by and between the Consultant and the Company as follows:

PARK PLACE ENERGY CORP. STOCK OPTION AGREEMENT (2007 Stock Option Plan - [Director, Officer or Consultant])
Stock Option Agreement • November 5th, 2007 • Park Place Energy Corp. • Crude petroleum & natural gas • British Columbia

This STOCK OPTION AGREEMENT is made effective as of this ____ day of _______________, 20___ between PARK PLACE ENERGY CORP., a Nevada corporation (the "Company") and _____________________________________________ (the "[Director, Officer or Consultant]").

RESTRICTED STOCK UNIT AWARD AGREEMENT PARK PLACE ENERGY CORP. 2013 LONG-TERM INCENTIVE EQUITY PLAN
Restricted Stock Unit Award Agreement • August 6th, 2014 • Park Place Energy Corp. • Crude petroleum & natural gas
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NOTICE OF ASSIGNMENT Twp. 81 Rge. 17 W6M (for reference only: general land description)
Notice of Assignment • November 20th, 2009 • Park Place Energy Corp. • Crude petroleum & natural gas

WHEREAS, by agreement ("Transfer Agreement") dated September 16, 2009, PARK PLACE ENERGY INC., as Assignor, transferred and conveyed effective September 1, 2009 ("Transfer Date") an interest in property as more fully described below to NOVUS ENERGY INC., as Assignee; and

PARK PLACE ENERGY INC. Suite 1220, Park Place 666 Burrard Street Vancouver, B.C. V6C 2X8
Park Place Energy Corp. • August 8th, 2007 • Services-business services, nec

The following are the terms and conditions upon which Park Place Energy Inc. (the "Company") is prepared to contract with you to provide your services to the Company. By signing this letter agreement you accept the following terms and conditions:

FARMOUT PARTICIPATION AND OPTION AGREEMENT FORT ST. JOHN AREA, BRITISH COLUMBIA
Farmout Participation and Option Agreement • August 8th, 2007 • Park Place Energy Corp. • Services-business services, nec

TERRA ENERGY CORP., a body corporate having an office in the City of Calgary, In the Province of Alberta (hereinafter referred to as “Farmor Participant”)

AGREEMENT by and between PARK PLACE ENERGY CORP., BG EXPLORATIONS EOOD and OVERGAS INC. AD Dated as of July 11, 2013
Agreement • July 18th, 2013 • Park Place Energy Corp. • Crude petroleum & natural gas

THIS AGREEMENT is entered into on the 11th day of July, 2013 (the “Effective Date”) by and between Park Place Energy Corp., a corporation organized under the laws of the State of Nevada, USA, address Suite 300, 400 5th Ave. SW, Alberta, Canada T2P 0L6, with SEC Commission File No. 000-51712 and IRS Employer No. 71-0971567 duly represented by Taisiia Popova in her capacity of Chief Executive Officer (hereinafter referred to as "PPEC"), BG Explorations EOOD, EIK 201993869, a limited liability company incorporated and existing under the laws of Bulgaria, address 23, Serdika str., 1202 Sofia, Bulgaria represented by David Roy Johnson in his capacity as Manager (hereinafter referred to as “BGE”) and Overgas Inc.AD, UIC 040845618, a joint stock company incorporated and existing under the laws of Bulgaria, address 1407 Sofia, Bulgaria, 5 Philip Kutev str., duly represented by Sasho Dontchev in his capacity of Executive Director (hereinafter referred to as "OG"). The companies named above, and

PARK PLACE ENERGY INC.
Park Place Energy Corp. • April 15th, 2008 • Crude petroleum & natural gas

This letter will serve to confirm that, for good and valuable consideration, the receipt and sufficiency of which is acknowledged, we have agreed to amend the management services agreement between Park Place Energy Inc. (“Park Place”) and yourself dated January 1, 2007, as amended by a letter agreement dated September 26, 2007 (collectively, the “Management Services Agreement”). Adjusting the consideration payable pursuant to clause 3.1 of the Management Services Agreement so that, effective April 1, 2008, such consideration is reduced from CDN$20,000 per month to CDN$10,000 per month.

CONSULTING AGREEMENT
Consulting Agreement • August 8th, 2007 • Park Place Energy Corp. • Services-business services, nec • British Columbia

NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration of the mutual covenants and premises set forth herein, and for other good and valuable consideration (the receipt and sufficiency of which is hereby acknowledged) the parties hereto agree as follows:

AGREEMENT AND PLAN OF MERGER
Agreement and Plan of Merger • July 20th, 2015 • Park Place Energy Corp. • Crude petroleum & natural gas • Delaware

This AGREEMENT AND PLAN OF MERGER (this “Agreement “), dated as of July 16, 2015, is among PARK PLACE ENERGY CORP., a Nevada corporation (“PPEC“), PPEC MERGER CORP., a Nevada corporation and an indirect wholly-owned subsidiary of PPEC (“Merger Sub”), and PARK PLACE ENERGY INC., a Delaware corporation and a wholly-owned subsidiary of PPEC and the parent of Merger Sub (“Hold Co.”). PPEC, Merger Sub, and Hold Co. are sometimes collectively referred to as “Parties” and individually referred to as a “Party.”

CONSULTING AGREEMENT
Consulting Agreement • August 8th, 2007 • Park Place Energy Corp. • Services-business services, nec • British Columbia

NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration of the mutual covenants and premises set forth herein, and for other good and valuable consideration (the receipt and sufficiency of which is hereby acknowledged) the parties hereto agree as follows:

Participation Agreement Morgan County Tennessee
Participation Agreement • April 15th, 2008 • Park Place Energy Corp. • Crude petroleum & natural gas

Montello Resources Ltd., a body corporate, having an office in the City of Calgary in the Province of Alberta, (hereinafter referred to as “MEO”)

PURCHASE AND SALE AGREEMENT
Purchase and Sale Agreement • November 20th, 2009 • Park Place Energy Corp. • Crude petroleum & natural gas

PARK PLACE ENERGY INC., a body corporate with an office in the City of Vancouver, in the Province of British Columbia (hereinafter referred to as the "Vendor")

Contract
Private Placement Subscription Agreement • March 11th, 2014 • Park Place Energy Corp. • Crude petroleum & natural gas • Texas

NONE OF THE SECURITIES TO WHICH THIS PRIVATE PLACEMENT SUBSCRIPTION AGREEMENT (THE "SUBSCRIPTION AGREEMENT") RELATES HAVE BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "1933 ACT"), OR ANY U.S. STATE SECURITIES LAWS, AND, UNLESS SO REGISTERED, NONE MAY BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS (AS DEFINED HEREIN) EXCEPT PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE 1933 ACT AND IN EACH CASE ONLY IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS.

ASSIGNMENT OF LOAN
Assignment of Loan • August 8th, 2007 • Park Place Energy Corp. • Services-business services, nec • British Columbia

1284810 ALBERTA LTD., a corporation incorporated pursuant to the laws of the Province of Alberta, of 3238 Karley Crescent, Coquitlam, British Columbia, V3E 3E9

Services Agreement
Services Agreement • September 16th, 2014 • Park Place Energy Corp. • Crude petroleum & natural gas • Texas
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