0000950129-07-003857 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • August 8th, 2007 • Ultra Petroleum Corp • Crude petroleum & natural gas • Texas

This Employment Agreement (“Agreement”) between Michael D. Watford (“Watford”), Ultra Petroleum Corp. (the “Company”), a Yukon Territories Corporation and each of the Company’s subsidiaries: UP Energy Corporation, Ultra Resources, Inc. and Sino-American Energy Corporation, all having their principal place of business at 363 N. Sam Houston Parkway East, Suite 1200, Houston, Texas 77060, is effective as of February 1, 2007.

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