Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - Park Place Energy Corp. - Exhibit 10.20

CONSULTING AGREEMENT

THIS AGREEMENT made as of the 22nd day of May,
2007.

BETWEEN:

PARK PLACE ENERGY INC., of 1220
– 666 Burrard Street, Vancouver, 
British Columbia, V6C 2X8

(herein called the “Company”)

OF THE FIRST PART

AND:

CAESAR BIANCOFIORE, of 2601
East Hastings Street, 
Vancouver, British Columbia, V5K 1Z5

(herein called the “Consultant”)

     OF THE SECOND PART 

WHEREAS: 

A.            
           The Company
wishes to engage the services of the Consultant; and

B.              
         The Consultant has agreed
to provide consulting services to the Company and to expend such amount of its
time as is necessary to provide the same, on the terms set forth herein,

NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration of
the mutual covenants and premises set forth herein, and for other good and
valuable consideration (the receipt and sufficiency of which is hereby
acknowledged) the parties hereto agree as follows:

1.                       
APPOINTMENT OF CONSULTANT

1.1                     
The Company hereby appoints the Consultant to provide such consulting services
for the benefit of the Company as the Company may request from time to time (the
“Services”), and the Company hereby authorizes the Consultant to exercise such
powers as provided under this Agreement. The Consultant accepts such appointment
and authority on the terms and conditions herein set forth.

1.2                      The
Consultant is now and shall remain an independent contractor and nothing
contained in this Agreement is intended to create or shall be construed so as to
create an agency 

- 2 -

or employment relationship, a partnership or joint venture
between the Company and the Consultant. 

1.3                      The
Consultant will be subject to the direction of the directors of the Company and
shall keep the Board informed as to all material matters concerning the
Consultant’s activities.

2.                       
COMPENSATION OF CONSULTANT

2.1                     
In consideration of the Consultant agreeing to provide the Services, the Company
agrees to issue the Consultant options to acquire 200,000 common shares at a
price of $0.35 per share for a term of one year.

2.2                      Any
further compensation payable to the Consultant in connection with the Services
rendered will be determined between the parties from time to time and evidenced
in writing signed by both parties prior to the commencement of any such
Services. 

3.                       
GENERAL MATTERS

3.1                      This
Agreement shall be for a term expiring after one year subject to the right of
the Company or the Consultant to terminate the Agreement at any time on 30 days
written notice.

3.2                      During
the term of this Agreement, the Consultant shall devote such of its time,
attention, and abilities to the business of the Company as the Company shall
reasonably request provided that nothing contained herein shall be deemed to
require the Consultant to devote its exclusive time, attention and abilities to
the business of the Company; and the Consultant shall not be precluded from
acting in a function similar to that contemplated under this Agreement or in any
other capacity for any other person, firm or company provided such action shall
not prevent the Consultant from fulfilling its duties pursuant to this
Agreement.

3.3                     
The Company shall reimburse the Consultant for such reasonable expenses incurred
by the Consultant in the course of conducting the activities described in this
Agreement as have been pre-approved by the Company in writing.

3.4                      All
disputes arising out of or in connection with this Agreement shall be referred
to and finally resolved by arbitration pursuant to the Commercial Arbitration
Act of British Columbia and administered by the British Columbia
International Arbitration Centre pursuant to its Rules. The matter shall be
heard before one arbitrator appointed in accordance with the Rules. The decision
of the arbitrator on all issues or matters submitted to the arbitrator for
resolution shall be conclusive, final and binding on all of the parties and the
arbitrator shall determine who shall bear the costs of any such arbitration.

3.5                     
The parties will execute and deliver all such further documents and instruments
and do all such further acts and things as may be required to carry out the full
intent and meaning of this Agreement and to effect the transactions contemplated
hereby.

- 3 -

3.6                      This
Agreement may be executed in several counterparts, each of which will be deemed
to be an original and all of which will together constitute one and the same
instrument.

3.7                      This
Agreement shall be governed by the laws of British Columbia and the federal laws
of Canada applicable therein and the parties irrevocably attorn to the
jurisdiction of the courts of British Columbia.

IN WITNESS WHEREOF the parties have duly executed this
Agreement as of the date first above written.

PARK PLACE ENERGY INC.

Per:

/s/ David
Stadnyk                                      

Authorized Signatory

 

/s/ Caesar
Biancofiore                               
CAESAR
BIANCOFIOREFiled by Automated Filing Services Inc. (604) 609-0244 - Park Place Energy Corp. - Exhibit 10.21

STOCK OPTION AGREEMENT

THIS AGREEMENT made the 22nd day of May, 2007.

BETWEEN:

PARK PLACE ENERGY INC., of 1220
– 666 Burrard Street, 
Vancouver, British Columbia, V6C 2X8

(herein called the “Company”)

OF THE FIRST PART

AND:

CAESAR BIANCOFIORE, of 2601
East Hastings Street, 
Vancouver, British Columbia, V5K 1Z5

(herein called the “Optionee”)

     OF THE SECOND PART 

WHEREAS: 

A.        The Optionee is a
consultant to the Company;

B.        In connection with
the services provided by Optionee to the Company, the Optionee is eligible to
receive incentive stock options in the Company, on the terms set out in this
Agreement.

NOW THEREFORE THIS AGREEMENT WITNESSETH that in consideration
of other good and valuable consideration and the sum of One ($1.00) Dollar now
paid by the Optionee to the Company (the receipt and sufficiency whereof is
hereby acknowledged), it is hereby agreed by and between the parties as
follows:

1.                     
In this Agreement, the following terms shall have the following meanings:

	 	(a) 	
      “Expiry Date” means May 21, 2008;

	 	 	 
	 	(b) 	
      “Notice of Exercise” means a notice in writing
      addressed to the Company at its address first recited, which notice shall
      specify therein the number of Optioned Shares in respect of which the
      Option is being exercised;

	 	 	 
	 	(c) 	
      “Option” means the irrevocable right and option to
      purchase, from time to time, all or any part of the Optioned Shares
      granted to the Optionee by the Company pursuant to paragraph 2
    hereof;

- 2 -

	 	(d) 	
      “Optioned Shares” means the Shares subject to the
      Option;

	 	 	 
	 	(e) 	
      “Shares” means the common shares in the capital
      stock of the Company.

2.                     
The Company hereby grants to the Optionee as an incentive and in consideration
of his services and not in lieu of salary or any other compensation, subject to
the terms and conditions hereinafter set forth, the Option to purchase a total
of 200,000 Optioned Shares at a price of CAD$0.35 per Optioned Share,
exercisable by the Optionee in whole or in part at any time before 5:00 o’clock
p.m., Vancouver time, on the Expiry Date.

3.                     
The Option shall, at 5:00 o’clock p.m., Vancouver time, on the Expiry Date,
forthwith expire and terminate and be of no further force or effect
whatsoever.

4.                     
In the event of the death of the Optionee on or prior to the Expiry Date, the
Option, or such part thereof as remains unexercised, may be exercised by the
personal representative of the Optionee at any time prior to 5:00 o’clock p.m.,
Vancouver time, on the first anniversary of the date of death of the Optionee or
prior to 5:00 o’clock p.m., Vancouver time, on the Expiry Date, whichever is the
earlier.

5.                     
Subject to the provisions hereof, the Option shall be exercisable in whole or in
part (at any time and from time to time as aforesaid) by the Optionee or his
personal representative giving a Notice of Exercise together with payment (by
cash or by certified cheque, made payable to the Company) in full of the
purchase price for the number of Optioned Shares specified in the Notice of
Exercise.

6.                     
Upon the exercise of all or any part of the Option, the Company shall forthwith
cause the registrar and transfer agent of the Company to deliver to the Optionee
or his personal representative within ten (10) days following receipt by the
Company of the Notice of Exercise a certificate in the name of the Optionee or
his personal representative representing, in aggregate, the number of Optioned
Shares specified in the Notice of Exercise and in respect of which the Company
has received payment.

7.                     
Nothing herein contained shall obligate the Optionee to purchase any Optioned
Shares except those Optioned Shares in respect of which the Optionee shall have
exercised his Option in the manner hereinbefore provided.

8.                     
In the event of any subdivision, redivision or change of the Shares of the
Company at any time prior to the Expiry Date into a greater number of Shares,
the Company shall deliver at the time of any exercise thereafter of the option
such additional number of Shares as would have resulted from such subdivision,
redivision or change if such exercise of the Option had been made prior to the
date of such subdivision, redivision or change and the exercise price of the
Option shall be adjusted accordingly.

9.                     
In the event of any consolidation or change of the Shares of the Company at any
time prior to the Expiry Date into a lesser number of Shares, the number of
Shares deliverable by the Company on any exercise thereafter of the Option shall
be reduced to such number of Shares as would have resulted from such
consolidation or change if such exercise of the Option had 

- 3 -

been made prior to the date of such consolidation or change and
the exercise price of the Option shall be adjusted accordingly.

10.                  
The Optionee shall have no rights whatsoever as a shareholder in respect of any
of the Optioned Shares (including any right to receive dividends or other
distribution therefrom or thereon) except in respect of which the Option has
been properly exercised in accordance with paragraph 5 hereof.

11.                  
Time shall be of the essence of this Agreement.

12.                  
This Agreement shall enure to the benefit of and be binding upon the Company,
its successors and assigns, and the Optionee and his personal representative to
the extent provided in paragraph 4 hereof.

13.                  
This Agreement represents the sole grant of stock options in the Company to the
Optionee and supersedes and replaces any prior agreements in this regard.

14.                  
Subject to paragraph 4, this Agreement shall not be transferable or assignable
by the Optionee or his personal representative and the Option may be exercised
only by the Optionee or his personal representative.

15.                  
If at any time during the continuance of this Agreement, the parties hereto
shall deem it necessary or expedient to make any alteration or addition to this
Agreement, they may do so by means of a written agreement between them which
shall be supplemental hereto and form part hereof.

16.                  
In the event of an conflict between the terms and conditions contained herein
and the Plan, the terms of the Plan shall govern.

17.                  
Wherever the plural or masculine are used throughout this Agreement, the same
shall be construed as meaning singular or feminine or neuter or the body politic
or corporate where the context of the parties thereto require.

18.                   This
Agreement may be executed in several parts in the same form and by facsimile and
such parts or facsimiles as so executed shall together constitute one original
agreement, and such parts or facsimile, if more than one, shall be read together
and construed as if all the signing parties hereto had executed one copy of this
Agreement.

PARK PLACE ENERGY INC.

Per:

/s/ David
Stadnyk                                                  

Authorized Signatory

 

/s/ Caesar
Biancofiore                                            
CAESAR
BIANCOFIORE

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00127-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00127-of-00352.parquet"}]]