0001038838-06-000605 Sample Contracts

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Paxton Energy Inc • August 1st, 2006
ARTICLE I PURPOSE OF THE AGREEMENT
Agreement • August 1st, 2006 • Paxton Energy Inc • Texas
PAXTON ENERGY, INC. LOGO] June 13, 2006 Bayshore Exploration LLC 20501 Katy Freeway, Suite 216 Katy, Texas 77450 via facsimile 281.647.9448 RE: Lease Acquisition Agreement Dated March 16, 2006 Dear Jamin, Pursuant to the Lease acquisition agreement...
Paxton Energy Inc • August 1st, 2006

Pursuant to the Lease acquisition agreement dated March 16, 2006 where by Paxton Energy Inc. entered into an agreement with Bayshore exploration to jointly lease five tracts of lands, consisting of five sections of land totalling more or less 3,200 acres. It is understood by both parties that not all tracts are under lease at this time. Paxton Energy Inc. elects under paragraph 5, of the fore mentioned agreement to increase it leasehold working interest in the subject acreage to seventy - five percent on the same cost, terms and conditions as provided in that agreement dated March 16, 2006.

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