0001144204-05-024034 Sample Contracts

JOINT OPERATING AGREEMENT CAMAR RESOURCES CANADA, INC. AND INDO-PACIFIC RESOURCES (JAVA) LTD. OPERATING AGREEMENT COVERING: BAWEAN PRODUCTION SHARING CONTRACT NOVEMBER 2004
Operating Agreement • August 8th, 2005 • Fortune Oil & Gas Inc

THIS AGREEMENT is made on November 26, 2004 between Camar Resources Canada Inc., a company existing under the laws of Alberta, Canada (hereinafter referred to as "CRC") and Indo-Pacific Resources (Java) Ltd., a company existing under the laws of Barbados (hereinafter referred to as "Indo-Pacific"). The companies named above, and their respective successors and assignees (if any), may sometimes individually be referred to as "Party" and collectively as the "Parties".

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FORTUNE OIL & GAS, INC. Employment Agreement
Employment Agreement • August 8th, 2005 • Fortune Oil & Gas Inc • California

This Employment Agreement (“Agreement”) is made and effective the 1st day of January 2005 by and between Fortune Oil & Gas, Inc., a Nevada corporation (the “Company”), and David Nunn (“Executive”).

GUARANTEE
Guarantee • August 8th, 2005 • Fortune Oil & Gas Inc

GUARANTEE (the “Guarantee”), dated as of November 26, 2004 of MEDCO INTERNATIONAL VENTURES LIMITED, an Indonesian corporation, (“Medco”) in favour of INDO-PACIFIC RESOURCES (JAVA) LTD., a body corporate incorporated under the laws of Barbados, (the “Vendor”).

THIS AGREEMENT MADE AS OF THE 27th DAY OF SEPTEMBER, 2000 BETWEEN:
Agreement • August 8th, 2005 • Fortune Oil & Gas Inc

NOW THEREFORE WITNESSETH THIS AGREEMENT that in consideration of the mutual covenants, agreements, representations, and warranties and of the consideration hereinafter contained, the parties agree as follows:

TERMS OF LEASE OF METROPOLITAN COMPLEX JAKARTA (AUGUST 2001 EDITION)
Fortune Oil & Gas Inc • August 8th, 2005

These Terms shall be taken in conjunction with the Standard Conditions of Lease which jointly form the Lease Agreement but, in the event of conflict, these Terms shall take precedence.

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