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|   | **ALTUS                  EXPLORATIONS INC.**,                  a                  company duly incorporated under the laws of Nevada, having its                  registered                  and records office at 880 - 50 West Liberty Street, Reno, Nevada                  89501 |
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|   | **CODEAMERICA                  INVESTMENTS, LLC**,                  a                  limited liability company duly incorporated under the laws of Nevada,                  located at 8900 Germantown Road, Suite 100, Olive Branch, Mississippi                  38654. |
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|   | 1. | Company                  transfers all its interests, rights and title to all lease and                  oil and gas                  investments held by the Company in the Kansas Lake Creek Prospect; |
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|   | 2. | Lender                  releases its security interests in all present and after acquired                  assets                  of Company granted pursuant to the Loan Agreement; |
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|   | 3. | Lender                  and Company agrees that the outstanding principal and interest                  balances                  due Lender by Company at December 31, 2005 totaling $263,932 is                  fully                  satisfied and extinguished; |
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|   | 4. | Company                  and Lender will execute and deliver all such documents and instruments                  and                  do all such acts and things as may be reasonably required to carry                  out the                  full intent and meaning of this                  Agreement; |
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|   | 5. | For                  purpose of this Agreement, time is of the                  essence; |
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|   | 6. | This                  Agreement shall be construed in accordance with the laws of the                  State of                  Texas; and |
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|   | 7. | This                  Agreement may be signed by the parties in as many counterparts                  as may be                  deemed necessary, each of which so signed shall be deemed to be                  an                  original, and all such counterparts together shall constitute one                  and the                  same instrument; |
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| **ALTUS                  EXPLORATIONS, INC.**       |   |
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|                                                     |   |
|                                                     |   |
| /                  s                  / Greg A. Thompson |   |
|                                           |   |
| By:                  Greg A. Thompson                    |   |
|                                                     |   |
| Its:                  President                          |   |
|                                                     |   |
|                                                     |   |
| **CODEAMERICA                  INVESTMENTS, LLC**:       |   |
|                                                     |   |
|                                                     |   |
| /                  s                  / W. Milton Cox    |   |
|                                           |   |
| By:                  Wm Milton Cox                       |   |
|                                                     |   |
| Its:                  Managing Member and CEO            |   |

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