0001214659-10-001260 Sample Contracts

AMENDMENT TO PROMISSORY NOTE
Promissory Note • May 3rd, 2010 • United States Oil & Gas Corp • Kansas

THIS AMENDMENT TO PROMISSORY NOTE (this “Agreement”) is made as of March 3, 2010, by and among United States Oil & Gas Corporation (“Payor”) and Jeff Turnbull (“Payee”). Capitalized terms used herein but not defined herein have the meanings assigned to them in that certain Promissory Note dated as of May 15, 2009, issued by Payor in favor of Payee (the “Note”).

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USOG Employment Agreement for Alex Tawse
Usog Employment Agreement • May 3rd, 2010 • United States Oil & Gas Corp

This agreement amends previous agreement dated February 1st, 2008, goes into affect February 1, 2010 and remains in effect for three years unless amended upon mutual agreement of both parties.

ASSET PURCHASE AGREEMENT
Asset Purchase Agreement • May 3rd, 2010 • United States Oil & Gas Corp • North Dakota

THIS ASSET PURCHASE AGREEMENT (this “Agreement”) is entered into as of January 1, 2010 (the “Effective Date”) by and among United States Oil & Gas Corporation, a Delaware corporation (“Buyer”), Mike Werner and Debbie Werner, individuals resident in the State of North Dakota (“Sellers”), and Debbie Werner in her individual capacity as escrow agent (“Escrow Agent”).

SECURITIES PURCHASE AGREEMENT
Securities Purchase Agreement • May 3rd, 2010 • United States Oil & Gas Corp • North Dakota

THIS SECURITIES PURCHASE AGREEMENT (this “Agreement”) is made as of January 1, 2010, by and between Debbie Werner (the “Seller”), United Oil & Gas, Inc. (the “Company”), and United States Oil & Gas Corporation (the “Purchaser”).

EMPLOYMENT AGREEMENT
Employment Agreement • May 3rd, 2010 • United States Oil & Gas Corp • Kansas

THIS EMPLOYMENT AGREEMENT (the “Agreement”) is entered into as of May 15, 2009 (the “Effective Date”), by and between TURNBULL OIL, INC., a Kansas corporation (the “Company”), and Jeff Turnbull, an individual (the “Executive”).

SECURITIES PURCHASE AGREEMENT
Securities Purchase Agreement • May 3rd, 2010 • United States Oil & Gas Corp • Kansas

THIS SECURITIES PURCHASE AGREEMENT (this “Agreement”) is made as of May 15, 2009 by and among Jeff Turnbull (the “Seller”) and United States Oil & Gas Corporation (the “Purchaser”).

EMPLOYMENT AGREEMENT
Employment Agreement • May 3rd, 2010 • United States Oil & Gas Corp • North Dakota

THIS EMPLOYMENT AGREEMENT (the “Agreement”) is entered into as of January 1, 2010 (the “Effective Date”), by and between UNITED OIL & GAS, INC., a North Dakota corporation (the “Company”), and Mike Werner, an individual (the “Employee”).

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