0001062993-07-001990 Sample Contracts

NOTE PURCHASE AGREEMENT
Note Purchase Agreement • May 21st, 2007 • Arkanova Energy Corp • Gold and silver ores • Texas

THIS NOTE PURCHASE AGREEMENT (this “Agreement”) is made as of the ______ day of ____________________, 2007 by and between Arkanova Energy Corporation, a Nevada corporation (the “Company”), and the investor indicated on the signature page hereof (the “Investor”).

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EXECUTIVE EMPLOYMENT AGREEMENT
Executive Employment Agreement • May 21st, 2007 • Arkanova Energy Corp • Gold and silver ores • Texas

THIS EMPLOYMENT AGREEMENT (the "Agreement") is made and entered into as of April 23, 2007, by and between ARKANOVA ENERGY CORPORATION, a Nevada corporation (the “Company”), and PIERRE G. MULACEK, an individual and resident of Houston, Texas (the "Executive").

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