Document:

EMPLOYMENT AGREEMENT
                              --------------------

     This  EMPLOYMENT  AGREEMENT ("Agreement") is executed as of the 15th day of
November,  2004  ("Effective  Date")  between  PETROSEARCH ENERGY CORPORATION, a
Nevada  corporation  ("Company")  and  RICHARD  D.  DOLE  ("Dole").

                                    RECITALS:

     A.     Company  has  been capitalized under the laws of the State of Nevada
in order to acquire and develop key oil and gas development prospects across the
United  States  as  the  successor by merger to Petrosearch Corporation, a Texas
corporation.

     B.     Company  desires  to  engage  the  services  of Dole as an executive
officer  of  the  Company.

                              TERMS OF AGREEMENT:

     NOW,  THEREFORE,  FOR  VALUE  RECEIVED,  and in consideration of the mutual
covenants  contained  herein,  Company  and  Dole  agree  as  follows:

     1.     ENGAGEMENT/TERM.       Company  shall employ Dole as Chairman of the
            ---------------
Board,  President and Chief Executive Officer for a period of two (2) years from
the  Effective  Date, subject to the termination provisions herein (the "Term"),
and  Dole  hereby agrees to be engaged by Company for the Term in such capacity.
This  Agreement  shall  be  automatically  renewed  for  additional one (1) year
periods unless either party elects to send written notice of termination of this
Agreement  to  the other party at least thirty (30) days prior to the expiration
of  the  then  pending  term.

     2.     NON-EXCLUSIVE/OTHER  ENGAGEMENTS  BY  DOLE.       Company  and  Dole
            ------------------------------------------
hereby  stipulate that this Agreement is non-exclusive as to Dole and Dole shall
not  be  prevented  or  in any way restricted from entering into contemporaneous
consulting/employment  relationships  with  third  parties  so long as the third
party  is  not in competition with Company, but Dole shall dedicate a minimum of
forty  (40)  hours per week to the tasks associated with the executive positions
assumed  under  this  Agreement.

     3.     COMPENSATION.       Dole  shall  be  compensated for his services as
            ------------
follows:

          a.     As  compensation  for  all  services  rendered  by  Dole  in
performance of his duties or obligations under this Agreement, Company shall pay
Dole  a  base  salary (the "Base Salary") of FIFTEEN THOUSAND AND NO/100 DOLLARS
($15,000.00)  monthly,  in  monthly  installments,  during  the  term  of  this
Agreement,  which  compensation  may, at Dole's election, be made payable to his
personal  business  entity  and which compensation may be increased from time to
time  in  the  discretion  of  the  Board  of  Directors.

EMPLOYMENT AGREEMENT                                                      Page 1

<PAGE>
          b.     In  addition  to  receiving  the  Base  Salary  provided for in
Section  3.a.,  Dole  shall  be  entitled  to  receive such other and additional
bonuses from time to time as are authorized by the Board of Directors of Company
in  its  sole  discretion.

          c.     Dole  shall be reimbursed, upon submission of receipts, for any
and  all  Company  related  travel  away  from  Houston,  Texas, including coach
airfare,  hotel  and  meals  (subject  to the expenditure limitations imposed by
Company).

          d.     Dole  shall  be  promptly  reimbursed  for all other reasonable
out-of-pocket  expenses  incurred  on  behalf  of  Company  which  are  properly
documented  to Company; including, long distance telephone charges on telephones
other  than  Company's  office  phones.

          e.     Beginning  with  the  Effective  Date,  Dole  shall be entitled
during  the  Term,  upon  satisfaction  of  all  eligibility  requirements,  to
participate in all health, dental, disability, life insurance, profit or royalty
participation  plans,  stock  option  plans,  retirement  plans,  and  and other
benefit  programs  now  or  hereafter  established  by  Company,  including  the
Petrosearch  Energy  Corporation Pool of Capital Royalty Participation Plan, and
shall  receive  such  other benefits as may be approved from time to time by the
Board  of  Directors.

          f.     Dole  shall  as of the Effective Date above be granted warrants
to purchase THREE MILLION SIX HUNDRED THIRTY SEVEN THOUSAND SEVEN HUNDRED THIRTY
EIGHT  (3,637,738)  shares  of  Common  Stock, par value $.001, of Company for a
purchase  price  of  $1.95  per  share,  subject  to cashless exercise at Dole's
election  so  long  as  Dole  resorts  to  cashless  exercise  through Company's
designated  broker  in  its  Warrant  Exercise  Policy  on file at the Company's
offices.  The  warrants  shall  be exercisable by Dole, subject to the following
provisions,  on  or  before  the  date  that  is  four  (4)  years following the
warrants'  issue  date;  provided,  however,  that  such warrants shall:  (i) be
exercisable  immediately  only  as  to  one  half  (1/2) of the available Common
shares,  (ii)  be exercisable as to any remaining available shares one day after
the  one (1) year anniversary of the warrant conditioned upon Dole occupying the
position  described  in  paragraph  1  above  on  such  date;  and (iii) be 100%
exercisable  immediately  upon a change of control (as defined in the Securities
Exchange  Act  of  1934,  as  amended)  or  termination of this Agreement by the
Company  without "cause"  or by Dole  for "good  reason", each as defined below.

All  amounts  paid  to  Dole  hereunder  shall be subject to applicable employee
related  taxes  and  withholdings.

     4.     LIMITED  INDEMNITY  FOR  LEGISLATIVE  CHANGES.  Company  and  Dole
            ---------------------------------------------
acknowledge  and  agree  that  Dole  has  agreed  to  accept stock warrant-based
compensation  to  assist Company in its working capital position despite pending
proposed  legislative  enactments  which  create  uncertainty  regarding  future
taxation  of such warrant-based compensation.  In order to induce Dole to accept
such  warrant-based  compensation  and  the  risks associated with future market
conditions  and  legislative  changes  affecting future taxation, Company hereby
agrees  to  indemnify and hold Dole harmless for damages suffered in the form of
taxes  and  penalties directly incurred by Dole due to legislative or regulatory
enactment  or  Internal  Revenue Service policy which results in the taxation of
the  Dole  warrants  effective  upon  grant  of  the  warrants and/or results in

EMPLOYMENT AGREEMENT                                                      Page 2

<PAGE>
taxation  of  the  Dole  warrants  effective  upon cashless exercise of the Dole
warrants,  if  exercised.

     5.     DUTIES  AND  OBLIGATIONS.       Dole  shall  perform such duties and
            ------------------------
tasks  pertaining  to  Dole's  expertise  as  Company  shall  from  time to time
reasonably  determine  and specify as well as those duties and tasks customarily
attributable  to the assignment assumed as described in paragraph 1 above.  Dole
shall  set  his own work hours and shall be entitled to perform his services, in
his discretion, at locations other than Company's principal offices. Dole hereby
covenants  and agrees to perform the services for which he is hereby retained in
good  faith  and  with reasonable diligence in light of attendant circumstances.

     6.     TERMINATION  FOR CAUSE BY COMPANY.  This Agreement may be terminated
            ----------------------------------
for  "cause"  by  Company.  For  purposes  hereof, "cause" shall mean any of the
following  events:

          a.     Any  embezzlement  or wrongful diversion of funds of Company or
any  affiliate  of  Company  by  Dole;

          b.     Gross  malfeasance  by  Dole  in  the  conduct  of  his duties;

          c.     Material  breach  of this  Agreement that remains uncured for a
period  of  at  least  thirty (30) days following written notice from Company to
Dole of such alleged breach, which written notice describes in reasonable detail
the  nature  of  such  alleged  breach;  or

          d.     Conviction  or  the  entry  of  a  plea  of  nolo contendere or
equivalent  plea  of a felony in a court of competent jurisdiction, or any other
crime  or  offense  involving  moral  turpitude.

     7.     TERMINATION FOR  GOOD  REASON  BY  DOLE.  This  Agreement  may  be
            ---------------------------------------
terminated for "good  reason" by Dole.  For purposes hereof, "good reason" shall
mean any of  the  following  events:

          a.     The  failure  of Dole to be appointed or reappointed to, or his
removal  without  cause,  from  the  offices of Chairman of the Board, President
and/or  Chief  Executive  Officer  of  Company;

          b.     A  material  change  by  Company  of Dole's function, duties or
responsibilities  that  would  cause  his position with the Company to become of
less  dignity,  responsibility,  importance or scope (in a material regard) from
the  position  and  attributes  thereof described herein, and provided that such
change  has remained uncured for a period of at least thirty (30) days following
written  notice  from  Dole  describing  in reasonable detail the nature of such
alleged  change;  or

          c.     Any other material breach of this Agreement by the Company that
remains  uncured  for  a  period  of at least thirty (30) days following written
notice  from  Dole  to  Company  of  such  alleged  breach, which written notice
describes  in  reasonable  detail  the  nature  of  such  alleged  breach.

          d.     Upon a change of control (as defined in the Securities Exchange
Act  of

EMPLOYMENT AGREEMENT                                                      Page 3

<PAGE>
1934,  as  amended)  of  the  Company.

     8.     EFFECT  OF  TERMINATION WITHOUT CAUSE BY COMPANY OR WITH GOOD REASON
            --------------------------------------------------------------------
BY  DOLE.  In  the  event  that  this  Agreement  is  terminated  by  Company
--------
without "cause" or  by  Dole with "good  reason"  and  other  than by the mutual
agreement  of  the  parties or the election not to renew the initial Term or any
renewal  Term,  Dole's  sole  remedy  shall  be limited to recovery by Dole from
Company of the compensation and continuation of the benefits described above for
the  portion  of the Term then remaining on the date of termination, but no less
than  12  months.  For  purposes  of  determining whether "vesting" has occurred
under the warrant described in paragraph 3.f. above or any existing benefit plan
in  which  Dole is a participant in calculating such compensation, a termination
without  cause or for good reason shall result in an acceleration of the vesting
conditions such that the benefits shall be deemed fully vested as of the date of
termination.

     9.     TIME  OF  ESSENCE,  ATTORNEYS  FEES.  Time  is  of  the essence with
            -----------------------------------
respect  to  this  Agreement  and  same shall be capable of specific performance
without  prejudice  to  any other rights or remedies under law.  If either party
seeks  to  enforce,  in law or in equity (including any arbitration proceeding),
any  provision  contained  herein,  then the prevailing party in such proceeding
shall  be  entitled to attorneys fees, interest and all such other disbursements
and  relief  provided  under  law,  but  shall  not  be  entitled to punitive or
exemplary  damages  of  any  kind.

     10.     MODIFICATION  OR AMENDMENT.  The parties hereto may modify or amend
             --------------------------
this  Agreement  only  by  written  agreement  executed  and  delivered  by  the
respective  parties.

     11.     BINDING  ON  HEIRS AND ASSIGNS.       This Agreement shall inure to
             ------------------------------
and be binding upon the undersigned and their respective heirs, representatives,
successors  and  permitted assigns. This Agreement may not be assigned by either
party  without  the  prior  written  consent  of  the  other  party.

     12.     COUNTERPARTS.  For  the  convenience  of  the  parties hereto, this
             ------------
Agreement  may  be executed in any number of counterparts, each such counterpart
being  deemed  to  be  an  original  instrument, and all such counterparts shall
together  constitute  the  same  agreement.

     13.     NO  WAIVERS.  No  waiver  of  or  failure  to  act  upon any of the
             -----------
provisions of this Agreement or any right or remedy arising under this Agreement
shall  be deemed or shall constitute a waiver of any other provisions, rights or
remedies  (whether  similar  or  dissimilar).

     14.     GOVERNING  LAW.  THIS  AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED
             --------------
IN  ACCORDANCE  WITH  THE LAWS OF THE STATE OF TEXAS AND SHALL BE PERFORMABLE IN
HARRIS COUNTY, TEXAS EXCEPT TO THE EXTENT THAT NEVADA CORPORATE LAW CONTROLS THE
MATTERS  PERTAINING  TO SECURITIES ISSUANCE AND CORPORATE GOVERNANCE BY OFFICERS
AND  DIRECTORS.

     15.     NOTICES.     Any  notice, request, instruction or other document to
             -------
be  given hereunder by any party to the other shall be in writing (by FAX, mail,
telegram  or  courier)  and

EMPLOYMENT AGREEMENT                                                      Page 4

<PAGE>
delivered  to  the  parties  as  follows:

If  to  Company:          David  J.  Collins
                          4801  Woodway  Drive,  Suite  300E
                          Houston,  Texas  77056
                          FAX:  832-553-7441

If  to  Dole:             Mr.  Richard  Dole
                          FAX:  ______________

     16.     ENTIRE  CONTRACT/NO  THIRD  PARTY  BENEFICIARIES.  This  Agreement
             ------------------------------------------------
constitutes  the entire agreement, and supersedes all other prior agreements and
understandings,  both  written and oral, between the parties with respect to the
subject  matter  hereof,  and  is  not intended to create any obligations to, or
rights  in  respect of, any persons other than the parties hereto.  There are no
third  party  beneficiaries  of  this  Agreement.

     17.     CAPTIONS  FOR CONVENIENCE.  All captions herein are for convenience
             -------------------------
or  reference only and do not constitute part of this Agreement and shall not be
deemed  to  limit  or  otherwise  affect  any  of  the  provisions  hereof.

     18.     SEVERABILITY.  In  case any one or more of the provisions contained
             ------------
in  this  Agreement  shall  for  any  reason  be  held to be invalid, illegal or
unenforceable  in  any  respect,  such  invalidity, illegality or enforceability
shall  not  affect  any  other  provision  hereof,  and  this Agreement shall be
construed  as  if  such invalid, illegal or enforceable provision had never been
contained  herein.

     19.     BINDING  ARBITRATION.  ANY  CONTROVERSY  OR CLAIM ARISING OUT OF OR
             --------------------
RELATING TO THIS AGREEMENT, OR THE BREACH THEREOF, SHALL BE SETTLED BY FINAL AND
BINDING  ARBITRATION  CONDUCTED  IN  HOUSTON,  TEXAS,  IN  ACCORDANCE  WITH  THE
COMMERCIAL  ARBITRATION  RULES ("RULES") OF THE AMERICAN ARBITRATION ASSOCIATION
IN EFFECT AT THE TIME THE CONTROVERSY OR CLAIM ARISES, BUT SAID ARBITRATION NEED
NOT  BE  ADMINISTERED  BY THE AMERICAN ARBITRATION ASSOCIATION.  THE ARBITRATOR,
WHICH  SHALL BE AGREED UPON BY THE PARTIES, SHALL HAVE JURISDICTION TO DETERMINE
ANY  SUCH  CLAIM  AND  MAY  GRANT  ANY  RELIEF  AUTHORIZED BY LAW FOR SUCH CLAIM
EXCLUDING  CONSEQUENTIAL  AND  PUNITIVE  DAMAGES.  ANY SUCH ARBITRATION SHALL BE
CONCLUDED  WITHIN 120 DAYS OF INITIATION OF THE ARBITRATION.  IN ANY ARBITRATION
UNDER  THIS  PARAGRAPH,  ANY  AND  ALL RULES OF DISCOVERY SET FORTH IN THE TEXAS
RULES  OF  CIVIL  PROCEDURE  SHALL BE APPLICABLE.  EACH PARTY TO THE ARBITRATION
SHALL  BEAR THE INITIAL FILING FEES AND CHARGES EQUALLY, PROVIDED, HOWEVER, THAT
THE  ARBITRATOR  SHALL  AWARD  REIMBURSEMENT  OF  ALL SUCH COSTS AND FEES TO THE
PREVAILING  PARTY  AS  A  PART  OF  ITS

EMPLOYMENT AGREEMENT                                                      Page 5

<PAGE>
AWARD.  THIS  PARAGRAPH SHALL LIKEWISE BE SPECIFICALLY ENFORCEABLE IN A COURT OF
COMPETENT  JURISDICTION  SHOULD  THE  PARTY  NOT DEMANDING ARBITRATION REFUSE TO
PARTICIPATE  IN  OR  COOPERATE  WITH  THE  ARBITRATION  PROCESS.

     EXECUTED  by  the  undersigned  as  of  the Effective Date set forth above.

SIGNATURES APPEAR ON FOLLOWING PAGE

EMPLOYMENT AGREEMENT                                                      Page 6

<PAGE>
                         PETROSEARCH  ENERGY  CORPORATION

                         By:  /s/  David J. Collins
                            ----------------------------------------------------
                                David J. Collins, Vice President and CFO

                         /s/  RICHARD D. DOLE
                         -------------------------------------------------------
                         RICHARD D. DOLE

EMPLOYMENT AGREEMENT                                                      Page 7
<PAGE>
                        AMENDMENT TO EMPLOYMENT AGREEMENT
                        ---------------------------------

     This  Amendment  to  Employment  Agreement  is made effective as of May 18,
2005,  between PETROSEARCH ENERGY CORPORATION, A NEVADA CORPORATION ("Company"),
and  RICHARD  D.  DOLE  ("Employee").

                                    RECITALS:

     A.     On  November  15,  2004,  Company  and  Employee  entered  into  an
Employment  Agreement covering the 2-year term of office of Employee as Chairman
of  the  Board,  President  and  Chief  Executive  Officer.

     B.     Company  and  Employee  desire  to amend the Employment Agreement to
address  severance  pay  upon a change of control or upon Employee's disability.

                               TERMS OF AMENDMENT:

     NOW THEREFORE, for valuable consideration the parties agree as follows:

     1.     RATIFICATION  OF  AGREEMENT.  Except  as  modified  hereby,  the
            ---------------------------
Employment  Agreement  is  ratified  by  the  undersigned  parties.

     2.     AMENDED  TERMS.  The  Employment  Agreement  is  amended as follows:
            --------------

          a)     At  Section  3,  add  the  following  subparagraph:

     "g.  DEATH  OR  DISABILITY.  Upon the death or disability of the Dole, this
          ----------------------
     Agreement  will  automatically  terminate,  and  the  Dole,  or  his  heirs
     will  be entitled to six (6) months of compensation as listed above. All of
     the  Employee's  outstanding  warrants shall vest immediately upon death or
     disability,  and  will  become  exercisable  upon  the  date  of  death  or
     disability,  and  shall remain outstanding and exercisable per the terms of
     the warrant agreement."

          b)     At  Section  4, delete the following language at the end of the
Section  and  add  a  period:  "and/or  results in taxation of the Dole warrants
effective  upon  cashless  exercise  of  the  Dole  warrants,  if  exercised."

          c)     The following is inserted as new subparagraph (d) to Section 7:

     "d.  A  change of control (as defined below) if within forty five (45) days
     following  the  change  of  control  Dole  is  not  offered  the renewal of
     employment  for  at  least  one (1) year beyond the then pending employment
     term  at  the  identical  monthly  salary, position and responsibilities in
     effect  at  the time of the change of control; provided, however, that such
     offer need not include a new change of control

<PAGE>
     provision  covering  subsequent  changes  of control. The identical monthly
     salary,  job  title  and  responsibilities,  without  required geographical
     relocation  (unless  consented  to by Dole), shall be the only criteria for
     determining  if the offer complies with this section. A "Change in Control"
     shall  mean  the  occurrence during the Term of any of the following events
     WHICH  IS  COUPLED  WITH A CHANGE IN THE MAJORITY OF BOARD POSITIONS ON THE
     BOARD  OF  DIRECTORS:   (i) An  acquisition  (other  than directly from the
     Company)  of any voting securities of the Company (the "Voting Securities")
     by  any  "Person" (as the term person is used for purposes of Section 13(d)
     or  14(d)  of  the  Securities  Exchange  Act  of  1934  (the  "1934 Act"))
     immediately  after which such Person has "Beneficial Ownership" (within the
     meaning of Rule 13d-3 promulgated under the 1934 Act) of 40% or more of the
     combined  voting power of the Company's then outstanding Voting Securities;
     provided  however,  that  in  determining  whether  a Change in Control has
     occurred,  Voting  Securities  which  are  acquired  in  a  "Non-Control
     Acquisition"  (as  hereinafter defined) shall not constitute an acquisition
     which  would  cause  a Change in Control. A "Non-Control Acquisition" shall
     mean  an  acquisition by (a) an employee benefit plan (or a trust forming a
     part thereof) maintained by (x) the Company or (y) any corporation or other
     Person  of which a majority of its voting power or its equity securities or
     equity  interest  is  owned  directly  or  indirectly  by  the  Company  (a
     "Subsidiary"),  (2)  the  Company  or  any Subsidiary, or (3) any Person in
     connection  with  a  "Non-Control"  Acquisition,  (ii)  the  sale  or other
     disposition  of  all  or substantially all of the business or assets of the
     Company  to  any person (other than a transfer to a Subsidiary); or (iii) a
     merger,  consolidation  or reorganization involving the Company (other than
     with  a  Subsidiary)."

          d)     At  Section  8,  line 3, after the words "good reason", insert:
     "under  Sections  7a,  7b  or  7c  above,"

          e)     At  Section 8, at the end of the first sentence after the words
     "but  not  less  than  12  months."  insert  the  following:

     "In  the  event  that  this  Agreement  is  terminated  by  Dole  for  the
     reasons  described  in paragraph 8d above (i.e. a "change in control" which
                                                ---
     is  not  accompanied  by  an  appropriate  employment offer as described in
         ---
     paragraph  8d  above),  then  Dole  shall be entitled to severance benefits
     equal to Dole's salary and existing benefits for a period equal to the full
     term  of  the  then  existing employment agreement irrespective of the time
     remaining  under  that  written  agreement  (e.g.  if  Dole is then under a
                                                  ---
     written  2-year agreement, the severance pay shall be 2 years, irrespective
     of the time remaining under the 2-year agreement). If the change of control
     occurs  during  the  period  after  the  expiration of a written employment
     agreement  but  before  renewal,  the severance payable shall be salary and
     existing  benefits  equal to a 12-month period. For purposes of determining
     whether  "vesting"  has  occurred  under the warrant described in paragraph
     3.f.  above  or any existing benefit plan in which Dole is a participant in
     calculating  such  compensation,  a  termination  without cause or for good
     reason shall result in an

<PAGE>
     acceleration  of  the  vesting  conditions  such that the benefits shall be
     deemed  fully  vested  as  of  the  date  of termination. The severance pay
     provided  for  in this Agreement shall be in lieu of any other severance or
     termination  pay  to which Dole may be entitled under any Company severance
     or  termination  plan, program, practice or arrangement. Dole's entitlement
     to  any  other  compensation  or benefits shall be determined in accordance
     with  the  Company's  employee benefit plans and other applicable programs,
     policies and practices then in effect."

     3.     BINDING  ON  HEIRS,  SUCCESSORS  AND  ASSIGNS.  This Amendment shall
            ---------------------------------------------
inure  to  and be binding upon the undersigned and their heirs, representatives,
successors  and  assigns.

     EXECUTED  as  of  the  Effective  Date  above.

                                        PETROSEARCH ENERGY
                                        CORPORATION, A NEVADA CORPORATION

                                        By:  /s/  David  Collins
                                           ---------------------------------
                                             David  Collins,  V.P./C.F.O.

                                        /s/  RICHARD  D.  DOLE
                                        ------------------------------------
                                        RICHARD  D.  DOLEEMPLOYMENT AGREEMENT
                              ---------------------

     This  EMPLOYMENT  AGREEMENT  ("Agreement") is executed as of the 1st day of
May,  2005  ("Effective  Date") between PETROSEARCH ENERGY CORPORATION, a Nevada
corporation  ("Company")  and  WAYNE  BENINGER  ("EMPLOYEE").

                                    RECITALS:

     A.     Company  has  been capitalized under the laws of the State of Nevada
in order to acquire and develop key oil and gas development prospects across the
United  States.

     B.     Company  desires  to engage the services of Employee on an exclusive
basis  as  AN  EXECUTIVE  OFFICER  for  the  Company.

                              TERMS OF AGREEMENT:

     NOW,  THEREFORE,  FOR  VALUE  RECEIVED,  and in consideration of the mutual
covenants  contained  herein,  Company  and  Employee  agree  as  follows:

     1.     ENGAGEMENT/TERM.       Company  shall  employ  Employee  as  Chief
            ---------------
Operating Officer for a period of two (2) years from the Effective Date, subject
to the termination provisions herein (the "Term"), and Employee hereby agrees to
be  engaged  by  Company  for  the Term in such capacity.   This Agreement shall
automatically expire at the end of the indicated term unless extended in writing
by Company.  In the absence of such an extension or notice of non-renewal by the
Company,  this  Agreement  shall be treated as an agreement from month-to-month.
This  agreement  supersedes  any  previous  agreements  entered into between the
Company  and  Employee.

     2.     EXCLUSIVE  EMPLOYMENT/OTHER  ENGAGEMENTS.       Company and Employee
            ----------------------------------------
hereby  stipulate  that this Agreement is exclusive as to Employee, and Employee
shall  not  accept  or  enter  into  contemporaneous  consulting/employment
relationships  with  third  parties.  Employee shall dedicate a minimum of forty
(40)  hours per week to the tasks associated with the executive position assumed
under  this  Agreement.

     3.     COMPENSATION.       Employee  shall  be compensated for his services
            ------------
as  follows:

As  compensation  for  all  services  rendered by Employee in performance of his
duties  or  obligations  under this Agreement, Company shall pay Employee a base
salary  (the  "Base  Salary") of TWENTY THOUSAND EIGHT HUNDRED THIRTY AND NO/100
DOLLARS  ($20,830.00)  monthly, in semi-monthly installments, during the term of
this  Agreement.  This  compensation  may  be increased from time to time at the
discretion  of  the  CEO.

<PAGE>
          b.     In  addition  to  receiving  the  Base  Salary  provided for in
Section 3.a., Employee shall be entitled to receive an additional bonus of FIFTY
THOUSAND  and  00/100 DOLLARS ($50,000.00)  payable in two semi-annual payments.

          c.     Employee  shall be reimbursed, upon submission of receipts, for
any and all Company related travel away from the his designated office (Houston,
Texas)  including  coach  airfare,  hotel  and meals (subject to the expenditure
limitations  imposed  by  Company).

          d.     Employee  shall be promptly reimbursed for all other reasonable
out-of-pocket  expenses  incurred  on  behalf  of  Company  which  are  properly
documented  to Company; including, long distance telephone charges on telephones
other  than  Company's  office  phones.

          e.     Beginning  with  the Effective Date, Employee shall be entitled
during  the  Term,  upon  satisfaction  of  all  eligibility  requirements,  to
participate  in  all  health, dental, disability, life insurance, retirement and
other benefit programs now or hereafter established by Company and shall receive
such  other  benefits  as  may  be  approved  from  time  to  time  by  the CEO.

          f.     Employee  will  be granted as of the Effective Date warrants to
purchase THREE HUNDRED SIXTY FIVE THOUSAND (365,000) shares of Common Stock, par
value  $.001,  of  Company  for  a purchase price of $1.95 per share, subject to
cashless exercise at Employee's election so long as Employee resorts to cashless
exercise  through  Company's designated broker in its Warrant Exercise Policy on
file  at  the  Company's offices. The warrants shall be exercisable by Employee,
subject  to  the  following  provisions, on or before  the date that is four (4)
years  from November 15, 2004; provided, however, that such warrants shall:  (i)
be  exercisable  immediately  as  to  50% of the available Common shares on  the
Warrant  Effective  Date,  and  50%  on  November  15,  2005;  and  (ii) be 100%
exercisable  immediately  upon  a change of control (as defined in the Section 8
below)  or  termination  of  this Agreement by the Company without "cause" or by
Employee  for  "good  reason",  each  as  defined  below.  If  the  Employee  is
terminated for Cause prior to the vesting of the warrants, the unvested warrants
are automatically cancelled as of the date of the termination.  All amounts paid
to  Employee hereunder shall be subject to applicable employee related taxes and
withholdings.  The  Warrant  Agreement shall be the operative document for terms
contained  herein  in  the  event  of  a  conflict.

     4.     DEATH  OR DISABILITY.  Upon the death or disability of the Employee,
            ---------------------
this  Agreement will automatically terminate, and the Employee or his heirs will
be  entitled  to  six  (6)  months  of compensation as listed above.  All of the
Employee's outstanding warrants shall vest immediately upon death or disability,
and  will  become  exercisable  upon  the date of death or disability, and shall
remain  outstanding  and  exercisable  per  the  terms of the warrant agreement.

     5.     LIMITED  INDEMNITY  FOR  LEGISLATIVE  CHANGES.  Company and Employee
            ---------------------------------------------
acknowledge  and  agree  that  Employee has agreed to accept stock warrant-based
compensation  to  assist Company in its working capital position despite pending
proposed  legislative  enactments  which  create  uncertainty  regarding  future
taxation  of  such  warrant-based  compensation.  In order to induce Employee to
accept  such  warrant-based  compensation  and  the risks associated with future
market  conditions  and  legislative  changes affecting future taxation, Company
hereby  agrees  to indemnify and hold Employee harmless (not to exceed $700,000)
for  damages  suffered

<PAGE>
in  the  form  of  taxes  and  penalties  directly  incurred  by Employee due to
legislative  or  regulatory  enactment  or Internal Revenue Service policy which
results  in  the  taxation  of the Employee warrants effective upon grant of the
warrants  and/or  results  in  taxation  of the Employee warrants effective upon
cashless  exercise  of  the  Employee  warrants,  if  exercised.

     6.     DUTIES  AND  OBLIGATIONS.     Employee shall perform such duties and
            ------------------------
tasks  pertaining  to  Employee's  expertise  as Company shall from time to time
reasonably  determine  and specify as well as those duties and tasks customarily
attributable  to  the  assignment  assumed  as  described  in paragraph 1 above.
Employee,  with the CEO's permission, shall be entitled to perform his services,
at his discretion, at locations other than Company's principal offices. Employee
hereby  covenants  and  agrees  to  perform  the services for which he is hereby
retained  in  good  faith  and  with  reasonable diligence in light of attendant
circumstances.  The  Employee  shall  be  under  the supervision of the Board of
Directors  and  shall  comply with such person's directives as to all duties and
tasks  to  be  performed.

     7.     TERMINATION  FOR CAUSE BY COMPANY.  This Agreement may be terminated
            ----------------------------------
for  "cause"  by  Company.  For  purposes  hereof, "cause" shall mean any of the
following  events:

          a.     Any  embezzlement  or wrongful diversion of funds of Company or
any  affiliate  of  Company  by  Employee;

          b.     Malfeasance  or  insubordination  by Employee in the conduct of
his  duties;

          c.     Material  breach  of this  Agreement that remains uncured for a
period  of  at  least  thirty (30) days following written notice from Company to
Employee  of  such  alleged breach, which written notice describes in reasonable
detail  the  nature  of  such  alleged  breach;  or

          d.     Conviction  or  the  entry  of  a  plea  of  nolo contendere or
equivalent  plea  of a felony in a court of competent jurisdiction, or any other
crime  or  offense  involving  moral  turpitude.

     8.     TERMINATION  FOR  GOOD  REASON  BY  EMPLOYEE.  This Agreement may be
            ---------------------------------------------
terminated  for  "good  reason"  by  Employee  giving  rise to the severance pay
provisions  set  forth in paragraph 9 below.  For purposes hereof, "good reason"
shall  mean  only  the  following  events:

          a.     A material breach of this Agreement by the Company that remains
uncured  for a period of at least thirty (30) days following written notice from
Employee  to  Company  of such alleged breach, which written notice describes in
reasonable  detail  the  nature  of  such  alleged  breach.

          b.     A  change  of  control  (as defined below) if within forty five
(45) days following the change of control Employee is not offered the renewal of
employment  for at least one (1) year beyond the then pending employment term at
the  identical  monthly  salary  in  effect at the time of the change of control
without  a  required geographical relocation from Employee's designated location
or  office (unless consented to by Employee); provided, however, that such offer
need  not include  a new change of control provision covering subsequent changes
of  control.  The  identical  monthly  salary and same job title and description
shall  be  the  only  criteria

<PAGE>
for  determining if the offer complies with this section.  A "Change in Control"
shall  mean  the occurrence during the Term of any of the following events WHICH
IS  COUPLED  WITH  A  CHANGE  IN THE MAJORITY OF BOARD POSITIONS ON THE BOARD OF
DIRECTORS:   (i)  An  acquisition  (other than directly from the Company) of any
voting  securities  of the Company (the "Voting Securities") by any "Person" (as
the term person is used for purposes of Section 13(d) or 14(d) of the Securities
Exchange  Act  of 1934 (the "1934 Act")) immediately after which such Person has
"Beneficial  Ownership"  (within the meaning of Rule 13d-3 promulgated under the
1934  Act)  of  40%  or  more of the combined voting power of the Company's then
outstanding  Voting  Securities; provided however, that in determining whether a
Change  in  Control  has  occurred,  Voting  Securities  which are acquired in a
"Non-Control  Acquisition"  (as  hereinafter  defined)  shall  not constitute an
acquisition  which would cause a Change in Control.  A "Non-Control Acquisition"
shall  mean an acquisition by (a) an employee benefit plan (or a trust forming a
part  thereof)  maintained  by  (x)  the Company or (y) any corporation or other
Person  of  which  a  majority  of  its voting power or its equity securities or
equity interest is owned directly or indirectly by the Company (a "Subsidiary"),
(2)  the  Company  or  any  Subsidiary,  or  (3) any Person in connection with a
"Non-Control"  Acquisition,  (ii)    the  sale  or  other  disposition of all or
substantially  all of the business or assets of the Company to any person (other
than  a  transfer  to  a  Subsidiary);  or  (iii)  a  merger,  consolidation  or
reorganization  involving  the  Company  (other  than  with  a  Subsidiary).

     9.     SEVERANCE PAY/EFFECT OF TERMINATION WITHOUT CAUSE BY COMPANY OR WITH
            --------------------------------------------------------------------
GOOD  REASON BY EMPLOYEE.  In the event that Company does not renew the contract
------------------------
of  employment  at  the  end  of  any  written  contract  term other than due to
Employee's  decline  of employment or Employee's acceptance of other employment,
then  Employee  shall  be  paid  three  (3) months severance pay at then current
salary rates.  In the event that this Agreement is terminated by Company without
"cause",  or  in the event that Employee terminates his employment for the "good
reason  set  forth  in  paragraph 8a above, then Employee's sole remedy shall be
limited  to  recovery  by  Employee  from  Company  of  the  compensation  and
continuation  of  the  benefits described above for the period which is equal to
the portion of the contract Term then remaining on the date of termination, plus
three  (3)  months.  In  the event that this Agreement is terminated by Employee
for  the  reasons  described  in  paragraph 8b above (i.e. a "change in control"
                                                      ---
which  is  not  accompanied  by  an appropriate employment offer as described in
           ---
paragraph 8b above), then Employee shall be entitled to severance benefits equal
to  the  Employee's  salary and existing benefits for a period equal to the full
term  of  the  then  existing  employment  agreement  irrespective  of  the time
remaining  under  that  written  agreement (e.g. if the Employee is then under a
                                            ---
written  2-year  agreement,  the severance pay shall be 2 years, irrespective of
the  time  remaining  under  the  2-year  agreement).  If  the change in control
occurs  during  a  month-to-month  period  after  the  expiration  of  a written
employment  agreement  but before renewal, the severance payable shall be salary
and  existing  benefits  equal  to  a one (1 ) year period.      For purposes of
determining  whether  "vesting"  has  occurred  under  the  warrant described in
paragraph  3.f.  above  or  any  existing  benefit  plan  in which Employee is a
participant in calculating such compensation, a termination without cause or for
good  reason shall result in an acceleration of the vesting conditions such that
the  benefits  shall  be  deemed fully vested as of the date of termination. The
severance  pay  provided  for  in  this  Agreement shall be in lieu of any other
severance  or  termination  pay  to which the Employee may be entitled under any
Company  severance  or  termination plan, program, practice or arrangement.  The
Employee's entitlement to any other compensation or benefits shall be determined
in  accordance  with  the  Company's employee benefit plans and other applicable
programs,  policies  and  practices  then  in  effect.

<PAGE>
     10.     TIME  OF  ESSENCE,  ATTORNEYS  FEES.  Time  is  of the essence with
             -----------------------------------
respect  to  this  Agreement  and  same shall be capable of specific performance
without  prejudice  to  any other rights or remedies under law.  If either party
seeks  to  enforce,  in law or in equity (including any arbitration proceeding),
any  provision  contained  herein,  then the prevailing party in such proceeding
shall  be  entitled to attorneys fees, interest and all such other disbursements
and  relief  provided  under  law,  but  shall  not  be  entitled to punitive or
exemplary  damages  of  any  kind.

     11.     MODIFICATION  OR AMENDMENT.  The parties hereto may modify or amend
             --------------------------
this  Agreement  only  by  written  agreement  executed  and  delivered  by  the
respective  parties.

     12.     BINDING  ON  HEIRS AND ASSIGNS.       This Agreement shall inure to
             ------------------------------
and be binding upon the undersigned and their respective heirs, representatives,
successors  and permitted assigns.  This Agreement may not be assigned by either
party  without  the  prior  written  consent  of  the  other  party.

     13.     COUNTERPARTS.  For  the  convenience  of  the  parties hereto, this
             ------------
Agreement  may  be executed in any number of counterparts, each such counterpart
being  deemed  to  be  an  original  instrument, and all such counterparts shall
together  constitute  the  same  agreement.

     14.     NO  WAIVERS.  No  waiver  of  or  failure  to  act  upon any of the
             -----------
provisions of this Agreement or any right or remedy arising under this Agreement
shall  be deemed or shall constitute a waiver of any other provisions, rights or
remedies  (whether  similar  or  dissimilar).

     15.     GOVERNING  LAW.  THIS  AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED
             --------------
IN  ACCORDANCE  WITH  THE LAWS OF THE STATE OF TEXAS AND SHALL BE PERFORMABLE IN
HARRIS COUNTY, TEXAS EXCEPT TO THE EXTENT THAT NEVADA CORPORATE LAW CONTROLS THE
MATTERS  PERTAINING  TO SECURITIES ISSUANCE AND CORPORATE GOVERNANCE BY OFFICERS
AND  DIRECTORS.

     16.     NOTICES.     Any  notice, request, instruction or other document to
             -------
be  given hereunder by any party to the other shall be in writing (by FAX, mail,
telegram  or  courier)  and  delivered  to  the  parties  as  follows:

If  to  Company:          Richard  Dole
                          4801  Woodway  Drive,  Suite  300E
                          Houston,  Texas  77056
                          FAX:  832-553-7441

If  to  Employee:         Wayne  Beninger
                          FAX:  214-373-9963

     17.     ENTIRE  CONTRACT/NO  THIRD  PARTY  BENEFICIARIES.  This  Agreement
             ------------------------------------------------
constitutes  the entire agreement, and supersedes all other prior agreements and
understandings,  both  written  and

<PAGE>
oral,  between the parties with respect to the subject matter hereof, and is not
intended  to  create  any  obligations  to, or rights in respect of, any persons
other  than  the parties hereto.  There are no third party beneficiaries of this
Agreement.

     18.     CAPTIONS  FOR CONVENIENCE.  All captions herein are for convenience
             -------------------------
or  reference only and do not constitute part of this Agreement and shall not be
deemed  to  limit  or  otherwise  affect  any  of  the  provisions  hereof.

     19.     SEVERABILITY.  In  case any one or more of the provisions contained
             ------------
in  this  Agreement  shall  for  any  reason  be  held to be invalid, illegal or
unenforceable  in  any  respect,  such  invalidity, illegality or enforceability
shall  not  affect  any  other  provision  hereof,  and  this Agreement shall be
construed  as  if  such invalid, illegal or enforceable provision had never been
contained  herein.

     20.     BINDING  ARBITRATION.  ANY  CONTROVERSY  OR CLAIM ARISING OUT OF OR
             --------------------
RELATING TO THIS AGREEMENT, OR THE BREACH THEREOF, SHALL BE SETTLED BY FINAL AND
BINDING  ARBITRATION  CONDUCTED  IN  HOUSTON,  TEXAS,  IN  ACCORDANCE  WITH  THE
COMMERCIAL  ARBITRATION  RULES ("RULES") OF THE AMERICAN ARBITRATION ASSOCIATION
IN EFFECT AT THE TIME THE CONTROVERSY OR CLAIM ARISES, BUT SAID ARBITRATION NEED
NOT  BE  ADMINISTERED  BY THE AMERICAN ARBITRATION ASSOCIATION.  THE ARBITRATOR,
WHICH  SHALL BE AGREED UPON BY THE PARTIES, SHALL HAVE JURISDICTION TO DETERMINE
ANY  SUCH  CLAIM  AND  MAY  GRANT  ANY  RELIEF  AUTHORIZED BY LAW FOR SUCH CLAIM
EXCLUDING  CONSEQUENTIAL  AND  PUNITIVE  DAMAGES.  ANY SUCH ARBITRATION SHALL BE
CONCLUDED  WITHIN 120 DAYS OF INITIATION OF THE ARBITRATION.  IN ANY ARBITRATION
UNDER  THIS  PARAGRAPH,  ANY  AND  ALL RULES OF DISCOVERY SET FORTH IN THE TEXAS
RULES  OF  CIVIL  PROCEDURE  SHALL BE APPLICABLE.  EACH PARTY TO THE ARBITRATION
SHALL  BEAR THE INITIAL FILING FEES AND CHARGES EQUALLY, PROVIDED, HOWEVER, THAT
THE  ARBITRATOR  SHALL  AWARD  REIMBURSEMENT  OF  ALL SUCH COSTS AND FEES TO THE
PREVAILING  PARTY  AS  A  PART  OF  ITS AWARD.  THIS PARAGRAPH SHALL LIKEWISE BE
SPECIFICALLY  ENFORCEABLE  IN A COURT OF COMPETENT JURISDICTION SHOULD THE PARTY
NOT  DEMANDING  ARBITRATION  REFUSE  TO  PARTICIPATE  IN  OR  COOPERATE WITH THE
ARBITRATION  PROCESS.

     EXECUTED  by  the  undersigned  as  of  the Effective Date set forth above.

SIGNATURES APPEAR ON FOLLOWING PAGE

<PAGE>
                         PETROSEARCH ENERGY CORPORATION

                         By:  /s/  Richard  D.  Dole
                            ----------------------------------------------------
                              Richard  D.  Dole,  President  &  CEO

                         /s/  Wayne  Beninger
                         -------------------------------------------------------
                         WAYNE  BENINGER

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