Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - Park Place Energy Corp. - Exhibit 10.10

November 2nd, 2006 

 

 

Pine Petroleum Limited 
1710, 520 – 5 Avenue SW

Calgary, Alta T2P 3R7 
Attention: John A Duckett, Director 

Tidewater Resources Inc. 
Suite 1200, 707 – 7 Avenue
S.W. 
Calgary, AB T2P 3H6 
Attention: A.L. (Al) Gal, P. Eng.,
President

Park Place Energy Inc. 
1220 – 666 Burrard Street

Vancouver, B.C. V6C 2X8 
Attention David Stadnyk, President 

Gentlemen: 

	Reference: 	Amendment – Farmout and Option
      Agreement 
	  	South Med Hat Area,
      Alberta 

Patch Energy Inc. (Patch) and Park Place Energy Inc. (Park
Place) have entered into a Farmout and Option Agreement with Pine Petroleum
Limited (Pine) dated September 25th, 2006 (Agreement) which provides
for the Exploration and Development of certain Lands held by Pine located in
Township 12, Range 5 W4M.

Pursuant to the Agreement, Patch was appointed Operator of the
Prospect.

Pursuant to the terms and conditions of this letter agreement
(“Amendment”) Tidewater Resources Inc. (“Tidewater”) is appointed Operator of
the Prospect. 

Pursuant to this Amendment, Tidewater will acquire a Ten (10%)
Percent Participation as Farmee in the Agreement, with Patch and Park Place each
reducing their Interest by Five (5%) Percent to accommodate the inclusion of
Tidewater. 

For the sake of clarity, and to avoid any misunderstanding as a
result of the above, the Agreement is hereby amended to reflect the following:

	 	1. 	
      Under the Definition 1.c) of the Agreement, Farmee
      means:

	 	 	 	 
	 		• 	
      Patch - Forty (40%) Percent

	 	 	 	 
	 		•	
      Park Place - Forty (40%) Percent

	 	 	 	 
	 		•	
      Tidewater - Ten (10%) Percent

	 	 	 	 
	 	2. 	
      Clause 4 (Agreement) - The reference to Patch is hereby
      deleted with Tidewater inserted which confirms Tidewater has replaced
      Patch as Operator.

	 	 	 	 
	 	3. 	
      The effective date of the assumption of Operatorship by
      Tidewater is November 1st, 2006.

	 	 	 	 
	 	4. 	
      The address for service of Tidewater is as
  follows:

	 		•	
      Tidewater Resources Inc.

	 			
      Suite 1200, 707 – 7 Avenue S.W. 

	 	 	 	Calgary, AB T2P 3H6
	 			
      Attention: A.L. (Al) Gal, P. Eng., President

	 	 	 	 
	 	5. 	
      Except as provided herein, all other Terms and Conditions
      of the Agreement shall remain in full force and
effect.

By signing as provided below: 

	 	a) 	
      Pine (including Participant) consents as to the inclusion
      of Tidewater as a Party to the Agreement and, in addition, consents to the
      appointment of Tidewater as Operator.

	 	 	 	 
	 	b) 	
      Tidewater consents as to being a Party to the Agreement
      and assumption of Operatorship.

	 	 	 	 
	 		•	
      Tidewater acknowledges it has reviewed the Terms and
      Conditions contained in the Agreement and confirms acceptance of such
      Terms and Conditions.

	 	 	 	 
	 		 •	
      Tidewater hereby ratifies and confirms it is qualified
      and has the financial capability to carry out the duties as Operator and
      hereby accepts such position as provided for under the
  Agreement.

	 	c) 	
      Park Place consents to the inclusion of Tidewater as a
      Party to the Agreement and consents to the appointment of Tidewater as
      Operator.

Each Party comprising Farmee as Defined under 1 hereof,
ratifies and confirms all Rights, Benefits and Obligations shall be shared
proportionately as provided for under the Agreement 

It would be appreciated if Pine, Tidewater and Park Place would
indicate their consent by signing this Amendment in the space provided
hereunder. In due course, Patch will ensure all Parties are provided with fully
executed copies for their records. 

Yours very truly, 

PATCH ENERGY INC.

/s/ John Thornton 
John Thornton, 
President. 

 

AGREED AND ACCEPTED THIS 7th DAY OF NOVEMBER, 2006

 

/s/ John
Duckett                                                                                                                                       
PINE
PETROLEUM LIMITED (JOHN DUCKETT, DIRECTOR) 

 

AGREED AND ACCEPTED THIS 8th DAY OF NOVEMBER, 2006

 

/s/ A.L.
Gal                                                                                                                                                 
TIDEWATER
RESOURCES INC. (A. L. GAL, PRESIDENT) 

 

AGREED AND ACCEPTED THIS 3rd DAY OF NOVEMBER, 2006.

 

/s/ David
Stadnyk                                                                                                                                    

PARK PLACE ENERGY INC. (DAVID STADNYK, PRESIDENT)Filed by Automated Filing Services Inc. (604) 609-0244 - Park Place Energy Corp. - Exhibit 10.11

PARK PLACE ENERGY INC. 
Suite 1220, Park Place

666 Burrard Street 
Vancouver, B.C. V6C 2X8 

January 1, 2007 

 

David Stadnyk 
Suite 1220 – 666 Burrard Street

Vancouver, BC V6C 2X8 

Dear Mr. Stadnyk: 

Re:      Management Services

The following are the terms and conditions upon which Park
Place Energy Inc. (the "Company") is prepared to contract with you to provide
your services to the Company. By signing this letter agreement you accept the
following terms and conditions: 

1.                     
 Work Duties 

1.1                   
 You will carry out such duties and responsibilities as the board of
directors may from time to time determine including, but not limited to, the
duties of President of the Company. 

2.                     
 Term of Engagement 

2.1                     The
contract shall be for a three year period, starting January 1, 2007 and ending
December 31, 2010, provided that this Agreement shall be automatically renewed
for successive terms on a year to year basis unless notice of non-renewal is
effected by either party with written notice of non-renewal at least 90 days
prior to the expiry of the then applicable term of this Agreement, in which case
this Agreement will expire on the last day of such term. 

3.                      
Consideration 

3.1                    
Subject to the other terms and conditions of this Agreement, the Company agrees
to pay consideration of CDN$20,000 per month for the services provided
hereunder, subject to such increases as the board of directors shall determine.
Such consideration is to be paid pro rata and in arrears as at the end of each
month, provided that, by written notice to the Company within five business days
of the end of any month, you may elect to receive such monthly instalment in
shares of the Company, in which case such shares shall be valued based upon the
weighted average closing price of the Company shares for the last five trading
days of such month. 

- 2 - 

3.2                     You
shall also be eligible for incentive compensation in the form of stock options
in the Company, in accordance with the policy formulated by the Company from
time to time. Eligibility for stock options shall be determined by the Company's
compensation committee. 

4.                     
 Expenses 

4.1                    
In accordance with policies formulated by the Company from time to time, you
will be reimbursed for all reasonable travelling and other expenses actually and
properly incurred by you in connection with the performance of your duties and
functions. For all such expenses, you will be required to keep proper accounts
and to furnish statements and vouchers to the Company within 30 days after the
date the expenses are incurred. 

5.                      
Service to the Company 

5.1                     During
the term of this Agreement, you shall devote such amount of time as shall be
reasonably necessary to performing the services hereunder provided that it is
acknowledged that it is not intended that you devote the whole of your working
time to providing the services hereunder. 

6.                     
 Confidentiality 

6.1                    
All business and trade secrets and confidential information and knowledge which
may be acquired during the terms of this Agreement related to the business and
affairs of the Company (collectively the "Confidential Information"), will for
all purposes and at all times, both during the term of this Agreement and at all
times thereafter, be held by you in trust for the exclusive benefit of the
Company. Neither during the term of this Agreement nor at any time thereafter
shall such Confidential Information be disclosed to any corporation or person
other than the Company, nor will it be used for any purposes other than those
expressly authorized by the Company. This paragraph does not apply to any
information which would be found in the public domain. 

7.                      
Termination 

7.1                    
The following termination and resignation provisions apply to this Agreement:

(a)      it
may be terminated by you on 30 days' prior written notice to the Company; and

(b)      on
receipt of such notice, the Company may elect to pay a pro rata portion of the
annual compensation provided for hereunder for such 30 days, in which case the
Agreement will terminate immediately upon receipt of such payment. 

8.                     
 Independent Contractor 

8.1                    
In performing the services hereunder, it is acknowledged that you are acting as
an independent contractor and not as an employee of the Company. 

- 3 - 

9.                     
 Law of the Contract 

9.1                    
Any dispute relating to the terms of this Agreement will be resolved pursuant to
the laws of the Province of British Columbia. 

If you are prepared to accept an engagement by the Company on
the foregoing terms, kindly confirm your acceptance and agreement by signing the
enclosed duplicate copy of this letter where indicated and return one copy to
us. 

This engagement letter supersedes and replaces any prior
consulting or employment agreements which you may have had, directly or
indirectly, with the Company or any subsidiary of the Company. 

We ask you to fully consider all of the above terms and to
obtain any advice you feel is necessary, including legal advice, before you
execute this Agreement. 

Yours very truly, 

PARK PLACE ENERGY INC. 

 

	Per: 	/s/ Slobodan Vuksanovic
	 
	  	Authorized Signatory 	 

 

ACCEPTED AND AGREED TO EFFECTIVE AS OF THE 1ST DAY
OF JANUARY, 2007. I HAVE READ AND UNDERSTAND THE TERMS AND CONDITIONS SET OUT IN
THIS LETTER AGREEMENT. I HAVE BEEN GIVEN FULL OPPORTUNITY TO CONSULT LEGAL
ADVISORS OF MY CHOOSING. 

 

/s/ David Stadnyk 
DAVID STADNYK

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