Challenger Energy Corp Sample Contracts

SHAREHOLDER PROTECTION RIGHTS PLAN AGREEMENT MADE AS OF November 25, 2005 BETWEEN CHALLENGER ENERGY CORP. AND COMPUTERSHARE TRUST COMPANY OF CANADA
Shareholder Protection Rights Plan Agreement • June 5th, 2006 • Challenger Energy Corp • Alberta

CHALLENGER ENERGY CORP., a corporation incorporated under Business Corporation Act (Alberta) (hereinafter referred to as the “Corporation”)

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ESCROW AGREEMENTS
Escrow Agreement • June 5th, 2006 • Challenger Energy Corp • Alberta

This Agreement is being entered into by the Parties under Exchange Policy 5.4 - Escrow, Vendor Consideration and Resale Restrictions (the Policy) in connection with an Amalgamation of the Issuer and Global Express Energy Inc., which was approved by the shareholders of the Issuer and Global Express Energy Inc. on November 30, 2005. The Issuer is a Tier 2 Issuer as described in Policy 2.1 - Minimum Listing Requirements.

AMALGAMATION AGREEMENT
Amalgamation Agreement • November 7th, 2006 • Challenger Energy Corp • American depositary receipts • Alberta

GLOBAL EXPRESS ENERGY INC., a body corporate incorporated under the laws of the Province of Alberta, having an office in the City of Calgary, in the Province of Alberta (hereinafter called “Global”)

BETWEEN CHALLENGER ENERGY CORP. - and – OLYMPIA TRUST COMPANY
Challenger Energy Corp • October 28th, 2008 • Crude petroleum & natural gas • Alberta

CHALLENGER ENERGY CORP., a corporation incorporated under the laws of Canada having an office in the City of Calgary, in the Province of Alberta (hereinafter referred to as the “Corporation”)

FARM-OUT AGREEMENT
Out Agreement • June 5th, 2006 • Challenger Energy Corp • Alberta

WHEREAS, effective November 17, 2004 Canadian Superior Energy Inc. (“Canadian Superior”) and Challenger Energy Corp. (“CNE”) entered into an agreement (the “Prior Mariner Agreement”) for the purpose of establishing the terms and conditions on which Canadian Superior and CNE jointly participate in the drilling of the Mariner Test Well, may jointly participate in the Option Well(s) (as such terms are hereinafter defined), and under which CNE acquired a right to participate in certain projects located in the Republic of Trinidad and Tobago;

AMALGAMATION AGREEMENT
Amalgamation Agreement • June 5th, 2006 • Challenger Energy Corp • Alberta

GLOBAL EXPRESS ENERGY INC., a body corporate incorporated under the laws of the Province of Alberta, having an office in the City of Calgary, in the Province of Alberta (hereinafter called “Global”)

PARTICIPATION AGREEMENT
Participation Agreement • June 5th, 2006 • Challenger Energy Corp • Alberta

CANADIAN SUPERIOR ENERGY INC., a corporation incorporated under the laws of Alberta, Canada and having an office in the City of Calgary (hereinafter “Canadian Superior”)

TRINIDAD PARTICIPATION AGREEMENT
Participation Agreement • June 5th, 2006 • Challenger Energy Corp • Alberta

CANADIAN SUPERIOR TRINIDAD AND TOBAGO LTD., a corporation incorporated under the laws of Alberta, Canada (hereinafter “Canadian Superior”)

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