0001096906-10-001120 Sample Contracts

EMPLOYMENT AGREEMENT James E. Burden
Employment Agreement • August 23rd, 2010 • Paxton Energy Inc • Crude petroleum & natural gas

THIS EMPLOYMENT AGREEMENT ("Agreement") is made to be effective as of the 1st day of April, 2010 (“Starting Date”) between PAXTON ENERGY, INC., a Nevada corporation (“Paxton”), and JAMES E. BURDEN (“Employee”).

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EMPLOYMENT AGREEMENT Stephen Spalding
Employment Agreement • August 23rd, 2010 • Paxton Energy Inc • Crude petroleum & natural gas

THIS EMPLOYMENT AGREEMENT ("Agreement") is made to be effective as of the 12th day of August, 2010 (“Starting Date”) between PAXTON ENERGY, INC., a Nevada corporation (“Paxton”), and STEPHEN SPALDING (“Employee”).

BOARD OF DIRECTORS AGREEMENT Paxton Energy, Inc.
Board of Directors • August 23rd, 2010 • Paxton Energy Inc • Crude petroleum & natural gas

THIS AGREEMENT ("Agreement") is made to be effective as of the 1st day of April, 2010 (the “Effective Date”) between Paxton Energy, Inc., a Nevada corporation (“Company”), and Clifford Henry (“Director”).

Paxton Energy, Inc. a Nevada corporation
Stock Option Agreement • August 23rd, 2010 • Paxton Energy Inc • Crude petroleum & natural gas • Nevada

Unless otherwise defined herein, the terms defined in the Paxton Energy, Inc. 2010 Stock Option Plan shall have the same defined meanings in this Stock Option Agreement.

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