Exhibit 10.4

LOCKUP AGREEMENT

THIS AGREEMENT (the "Agreement") is made as of the 27th day of April, 2009, between the undersigned holder (the"Holder") of shares of Santos Resource Corp., and **Santos Resource Corp.**, a Nevada Corporation (the"Company").

WHEREAS:

1.         The Company has filed an effective registration statement on Form S-1(the "Registration Statement") with the Securities and Exchange Commission (fileno. 333-152324) which registers certain shares of common stock held by theCompany's stockholders.

2.         The Company has applied to have its shares of common stock quoted onthe OTC Bulletin Board, and the Holder has agreed to refrain from selling 90% ofhis shares of common stock of the Company (the "Shares") that are registered bythe Registration Statement, such number of shares as designated on the signaturepage hereto, from the date of this Agreement until the earlier of (i) 6 monthsafter the Company's shares are quoted on the OTC Bulletin Board; and (ii) thedate that is 9 months after the date of this Agreement (the "RestrictionPeriod").

NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which consideration are hereby acknowledged, the parties agree as follows:

**1.         Share Restriction**

(a)        The Holder hereby agrees that during the Restriction Periodthe Holder will not sell or otherwise dispose of his Shares other than inconnection with an offer made to all shareholders of the Company in connectionwith merger, consolidation or similar transaction involving the Company.  TheHolder further agrees that the Company is authorized to and the Company maydecide in its sole discretion to place "stop orders" on its books to prevent anytransfer of the Shares in violation of this Agreement. 

(b)        Notwithstanding the foregoing restrictions on transfer, theHolder may, at any time and from time to time during the Restriction Period,transfer the Shares (i) as bona fide gifts or transfers by will or intestacy,(ii) to any trust for the direct or indirect benefit of the Holder or theimmediate family of the Holder, provided that any such transfer shall notinvolve a disposition for value, (iii) to a partnership which is the generalpartner of a partnership of which the Holder is a general partner, provided,that, in the case of any gift or transfer described in clauses (i), (ii) or(iii), each donee or transferee agrees in writing to be bound by the terms andconditions contained herein in the same manner as such terms and conditionsapply to the Holder. For purposes hereof, "immediate family" means anyrelationship by blood, marriage or adoption, not more remote than first cousin.

**2.         Representations andWarranties of the Holder**

The Holdercovenants with, and represents, warrants and acknowledges to the Company, asrepresentations and warranties that are true as of the date of this Agreement,that:

(a)        the Holder acquired the Shares for its own account asprincipal and not for the benefit of any other person, or is deemed under theapplicable securities acts to have acquired the Shares as principal, and noother person has a direct or indirect beneficial interest in the Shares; 

(b)        the Holder has such knowledge and experience in financial andbusiness matters in general and is capable of evaluating the merits and risksof, and making an informed business decision with regard to, and protecting itsown interests in connection with, the acquisition and disposition of the Shares;and

(c)        the Holder is not, and will not be, acting in concert with anyother person or shareholder of the Company for the purpose of selling securitiesof the Company.

**3.         Miscellaneous**

(a)        Additional Restrictions.  The restrictions on transferdescribed in this Agreement are in addition to and cumulative with any otherrestrictions on transfer otherwise agreed to by the Holder or to which theHolder is subject to by applicable law.

(b)        Further Assurances.  Each of the parties herebycovenants and agrees to execute any further and other documents and instrumentsand to do any further and other things that may be necessary to implement andcarry out the intent of this Agreement and to effect the transactioncontemplated herein.

(c)        Governing Law and Jurisdiction.  This Agreement will beconstrued and enforced in accordance with the laws of the Province of BritishColumbia, and will be treated in all respects, as a British Columbia contract,and the parties hereby agree to submit any difference or dispute which may ariseout of or in connection with this Agreement to the non-exclusive jurisdiction ofthe courts of the Province of British Columbia.

(d)        Enurement.  This Agreement will enure to the benefit ofand will be binding upon the parties hereto, and their respective personalrepresentatives, heirs, executors, administrators, successors and permittedassigns.  

(e)        Execution by Counterparts.  This Agreement may beexecuted by the parties hereto in as many counterparts as may be necessary andsuch executed copy may be transmitted by telecopied facsimile, and each suchagreement so executed and such reproduction of signatures by facsimile shall bedeemed to be an original and, provided that all of the parties have executed acounterpart, such counterparts together shall constitute a valid and bindingagreement, and notwithstanding the date of execution shall be deemed to bear thedate as set forth above.

IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the day and year first above written.

| **HOLDER**

		                                                                  				Signature of Holder

		                                                                  				Name of Holder

		                                                                  				Number of shares of common stock beneficially owned and subject to this		Agreement  
 
Address of Holder:

		                                                                                   				                                                                                   				                                                                                   		
**COMPANY**

**Santos		Resource Corp. **

per:      		                                                       		            
 
Address of		Company:		Santos Resource Corp. 		11450 - 201A Street		Maple Ridge, BC  V2X 0Y4 		Tel:       604-460-8440		Fax:      604-648-8052 |
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