Document:

ex105.htm

    Exhibit
10.5

     

    
      	 	
              

            	 
	 	 	 
	
              ENVIRONMENTAL
      AND PUBLIC PROTECTION CABINET

            
	 	 	 
	Steven
      L. Besher	
              Department
      of Natural Resources

            	
              Leonard
      K. Peters

            
	Governor	
              Division
      of Oil and Gas Conservation

            	
               Secretary

            
	 	
              Post Office Box
      2244

            	 
	 	
              Frankfort, KY
      40601

            	
               

            
	 	
              Phone: (502)
      573-0147 Fax: (502) 573-1099

            	
               

            
	 	
              www.dogc.ky.gov

            	 

    

     

    July
02, 2008

     

     

    ADVENTURE
ENERGY, INC

    33
6TH STREET S, SUITE 600

    ST.
PETERSBURG, FL 33701

     

     

     

     

    Dear
Sir

     

    Please be advised that we
have this dated transferred to you and placed under your bond the below listed
wells. The previous operator, TACKETT & SONS DRLG CONTACTORS, INC, is hereby
relieved of all plugging responisibility with respect to these
wells.

     

    Permit: Farm Well and
Location 

    
      

    

    93931 ISOM, TROY #1,
Morgan Cty, 3 P 76 1740FNL 1270FWL

     

     

    Sincerely,

     

     

    /s/ Deanna
Wilmoth

    
      

    

    Deanna
Wilmoth

    Division of Oil
and Gas Resources

     

    CC: TACKETT &
SONS DRLG CONTRACTORS, INC

    264 TWIN LICK
RD

    SALYERSVILLE, KY
41485

    Inspector Doug Hamilton,
Phone: 606-297-6906

    Inspector Richard McCown,
Phone: 606-358-4540

     

    
    

     

    
      	KentuckyUnbridledSpirit.com	
              

            	
               An Equal
      Opportunity Employer
M/F/Ddal_s8-ex1002.htm

    EXHIBIT
10.2

    

    

    

     

    FIRST
AMENDMENT TO THE

    DELTA
2007 PERFORMANCE COMPENSATION PLAN

     

    The first
sentence of Section 5(a) of the Delta 2007 Performance Compensation Plan
shall be deleted in its entirety and replaced by the following:

     

    “(a) Shares
Available and Certain Limitations. Subject to adjustment
as provided below, the maximum number of Shares available for distribution under
the Plan will not exceed:

     

    (i)
30,000,000 Shares, plus

     

    (ii)
[NUMBER] Shares1, being
the number of Shares equal to 15% of the outstanding equity capitalization of
the Company, determined on a “fully-diluted basis” (as defined below) at the
Effective Time (as defined in the Agreement and Plan of Merger by and among the
Company, Nautilus Merger Corporation (“Merger
Sub”) and Northwest Airlines Corporation (“NWA”),
dated as of April 14, 2008 (the “Merger
Agreement”)). At least 50% of the Shares set forth in this subsection
5(a)(ii) shall be reserved for Awards to employees of the Company and NWA who
are not officers of the Company or NWA. This subsection 5(a)(ii) shall become
effective at the Effective Time, and shall not become effective if the Effective
Time does not occur.

     

    “Fully-diluted
basis” means, for purposes of this subsection 5(a)(ii), taking into
account the maximum number of Shares (A) issued or issuable in respect of
obligations outstanding at the Effective Time and (B) subject to Awards the
Company, as of the Effective Time, has announced that it intends to make or has
agreed it will make in connection with the consummation of the merger of Merger
Sub into NWA pursuant to the Merger Agreement, including, without limitation,
Awards to non-pilot employees and management employees of the Company and NWA,
in each case whether voting or non-voting, whether restricted or unrestricted,
whether issuable pursuant to options, warrants, convertible securities or
exchangeable securities or otherwise, without regard to vesting, including any
such Shares that may be issued, issuable or reserved for issuance pursuant to
the respective plans of reorganization of the Company and NWA (provided that the
number of Shares issuable pursuant to options, warrants, or securities
convertible or exchangeable into shares of common stock shall be calculated
based on the “treasury stock method” of calculating diluted earnings per share
under Statement of Financial Accounting Standards No. 128 as in effect on
April 14, 2008).”

     

    
       

    

    _________________________

    1   Number to be inserted as of the
Effective Time.Filed by sedaredgar.com - Petro-National Corp. - Exhibit 10.3

FINDERS FEE AGREEMENT 

THIS AGREEMENT dated for reference as of the
13th day of June, 2008. 

BETWEEN: 

  
    
      
        OUTBACK ENERGY CORP., a company duly incorporated
          pursuant to the laws of the State of Nevada having an office at Suite
          225 Marine Drive, Suite 210, Blaine, Washington, USA, 98230 

        (the “Company") 

      

    

  

AND: 

  
    
      
        COAST ADVISORS LLC, a company duly incorporated
          pursuant to the laws of Nevada having an office at Suite 2410 –
          650 West Georgia Street, PO Box 11524, Vancouver, British Columbia,
          Canada, V6B 4N5 

        (the “Finder”) 

      

    

  

WHEREAS: 

	(1) 	
      The Company is engaging in a private placement of its
      equity securities, namely units (the “Units”) comprised of one common
      share and one share purchase warrant at a price of US $0.10 per unit with
      each warrant being exercisable for a period of two year(s) at an exercise
      price of US$0.15 per warrant;

	 	 
	(2) 	
      The Company is seeking persons to purchase Units from it
      and the Finder has represented to Company that it is acquainted with
      accredited investors (as defined below) to whom it can introduce the
      Company; and

	 	 
	(3) 	
      The Company wishes to compensate the Finder for its
      efforts in introducing to the Company Accredited Investors who purchase
      Units.

NOW THEREFORE THIS AGREEMENT WITNESSES that in
consideration of the premises and mutual covenants and agreements herein
contained the parties hereto agree as follows: 

	1. 	
      For the purposes of this Agreement, the term “Accredited
      Investor” is defined as a natural person who meets the definition of
      Accredited Investor in Rule 501 of Regulation D of the United States
      Securities and Exchange Commission.

	 	 
	2. 	
      In consideration for introducing to the Company
      Accredited Investors who subscribe for Units in the Company’s capital
      stock, the Company will compensate the Finder with a cash finder’s fee
      payment of five percent (5%) of the aggregate cash proceeds of the sale of
      Units to Accredited Investors to whom the Finder has introduced the
      Company (the “Finder’s Fee”); and

	 	 
	3. 	
      This Agreement, and the payment by the Company of the
      Finder’s Fee, will be subject to approval by any such securities
      regulatory authority which may have jurisdiction over this
    transaction.

	4. 	
      The Company shall pay, upon closing of its offering of
      Units to Accredited Investors introduced to it by the Finder, the Finder’s
      Fee.

	 	 	 
	5. 	
      The Company represents and warrants to the Finder
      that:

	 	 	 
		(a) 	
      it is a valid and subsisting corporation duly
      incorporated and in good standing under the laws of its jurisdiction of
      incorporation;

	 	 	 
		(b) 	
      it shares are listed on the OTC Bulletin Board (the
      “Exchange”) and it is in good standing under the rules and policies of the
      Exchange and is not in breach of any of the requirements of its listing
      agreement with the Exchange;

	 	 	 
		(c) 	
      the issue and sale of the Units by the Company does not
      and will not conflict with, and does not and will not result in a breach
      of, any of the terms of its incorporating documents or any agreement or
      instrument to which the Company is a party;

	 	 	 
		(d) 	
      this Agreement has been or will be by the closing of the
      issuance of the Units, duly authorized by all necessary corporate action
      on the part of the Company;

	 	 	 
		(e) 	
      it will comply with all applicable rules and regulations
      of the US Securities and Exchange Commission including, without limiting
      the generality of the foregoing, Rule 505 and Rule 506 of Regulation D and
      the requirement to file a Form D thereunder;

	 	 	 
		(f) 	
      the Company is a “reporting issuer” under the British
      Columbia Securities Act and under the US Securities Act of 1933 and is not
      in default of any of the requirements of either of these acts or any of
      the administrative policies or notices of the Exchange or of the US
      Securities and Exchange Commission; and

	 	 	 
		(g) 	
      the Company has not advertised the Units for sale to
      persons in the United States.

	 	 	 
	6. 	
      The Finder acknowledges that:

	 	 	 
		(a) 	
      the Units, and any securities underlying the Units, have
      not been registered for resale in the United States and may not be resold
      to residents of the United States without such registration unless an
      exemption from such resale registration requirements is
  available;

	 	 	 
		(b) 	
      the decision to accept a potential investor as a
      shareholder in the Company is in the sole and absolute discretion of the
      Company and the Company may for any reason, refuse to accept any
      subscription for Units from a person introduced to it by the
  Finder;

	 	 	 
		(c) 	
      in the event that the Company does not accept a
      subscription for Units from a person introduced to it by the Finder, no
      Finder’s Fee shall be payable for those Units the subscription of which is
      refused;

	 	 	 
		(d) 	
      it’s representation of the Company in introducing it to
      certain Accredited Investors is not an exclusive engagement such that the
      ability of the Company to locate other potential investors or purchasers
      of the Units would be constrained in any way; and

	 	 	 
	7. 	
      The Finder represents and warrants to the Company
      that:

	 	(a) 	
      in connection with introduction to potential investors,
      it will comply with all applicable laws including, without limiting the
      generality of the foregoing, those rules and regulations set forth in Rule
      505 and Rule 506 of Regulation D under the US Securities Act of 1933, as
      amended;

	 	 	 
	 	(b) 	
      it has all permits, licenses and registrations required
      to perform the services hereunder and is a valid and subsisting
      corporation in good standing in its jurisdiction of
  incorporation;

	 	 	 
	 	(c) 	
      it has all corporate powers necessary to enter into this
      Agreement; and

	 	 	 
	 	(d) 	
      it will introduce to the Company only persons who are
      Accredited Investors as defined above;

	 	 	 
	 	(e) 	
      it will not advertise the Units for sale in the United
      States or to residents of the United States as the term “resident” is
      defined in applicable US securities laws, rules and regulations;

	 	 	 
	 	(f) 	
      this Agreement has been or will be by the closing of the
      issuance of the Units, duly authorized by all necessary corporate action
      on the part of the Finder; and

	 	 	 
	 	(g) 	
      it is aware that the Finder’s Fee is in excess of the
      maximum finder’s fee permitted under the rules of the Exchange and, as a
      result, it is possible that the Exchange may, as a condition of regulatory
      approval of this Agreement, request that the finder’s fee be reduced to
      conform to its rules.

	8. 	
      In the event that the Exchange, as a condition of
      regulatory approval of this Agreement, requires that the Finder’s Fee be
      reduced, the Finder agrees to a reduction of the Finder’s Fee to that
      level which will comply with the rules of the Exchange.

	 	 
	9. 	
      Any notice to be given under this Agreement shall be in
      writing and shall be delivered personally or mailed in British Columbia or
      Washington by registered mail, postage prepaid, and addressed to the
      parties at their addresses as given on the first page of this Agreement or
      at such other address as may from time to time be notified in writing by
      any of the parties. Any such notice shall be deemed to have been given if
      delivered by hand on the day delivered, and if mailed, five (5) business
      days following the date of posting; provided that if there shall be at the
      time of mailing or between the time of mailing and the fifth business day
      following the date of posting, a mail strike, slowdown or other labour
      dispute which might affect delivery of such notice by mail, then such
      notice shall be effective only if actually delivered.

	 	 
	10. 	
      This Agreement may not be amended or otherwise modified
      except by an instrument in writing signed by both parties.

	 	 
	11. 	
      The parties hereto shall execute such further and other
      documents and instruments and do such further and other things as may be
      necessary to implement and carry out the intent of this Agreement
      including, without limiting the generality of the foregoing, execution of
      any documents required by the policies of the Exchange in connection with
      obtaining Exchange approval of this Agreement.

	12. 	
      This Agreement may not be assigned by either party hereto
      except with the prior written consent of the other party hereto.

	 	 
	13. 	
      This Agreement will be construed under and governed by
      the laws of the Province of British Columbia.

	 	 
	14. 	
      This Agreement represents the entire agreement between
      the parties hereto and supersedes any and all prior agreements and
      understandings, whether written or oral, between the parties.

	 	 
	15. 	
      This Agreement shall be binding upon and shall enure to
      the benefit of the parties hereto and their respective heirs, executors,
      administrators, successors and permitted assigns.

	 	 
	16. 	
      This Agreement may be executed by facsimile and in
      counterparts.

IN WITNESS WHEREOF the parties hereto have duly executed
this Agreement as of the day and year first above written notwithstanding its
actual date of execution. 

OUTBACK ENERGY CORP. 

 

 

___________________________________________________
Per: G.
Leigh Lyons, President 

 

COAST ADVISORS LLC 

 

 

___________________________________________________
Per:
Mike Veldhuis, President

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