Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - Park Place Energy Corp. - Exhibit 10.12

CONSULTING AGREEMENT 

THIS AGREEMENT made as of the 26th day of March,
2007. 

BETWEEN: 

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

        (herein called the “Company”) 

      

    

  

OF THE FIRST PART 

AND: 

  
    
      
        BT HYDROCARBONS CORPORATION, 768 Strathcona
          Drive SW, Calgary, Alberta T3H 1S1 

        (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 

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

1.3                      The
parties agree that the Consultant shall provide all of the Services through its
employee, Terry Buchanan. A reference herein to the Consultant shall be deemed
to include Mr. Buchanan. 

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 Services provided to the Company by the Consultant as of
the date of this Agreement, the Company agrees to issue to the Consultant
300,000 shares in the capital stock of the Company at a deemed price of $0.25
per share, as fully-paid and non-assessable shares. 

2.2                      Further
compensation payable to the Consultant in connection with Services to be
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.

2.3                     
In addition to compensation payable to the Consultant as specified in §2.2, the
Company may grant options to the Consultant consistent with its normal stock
option plan for directors, officers, employees, consultants and management
company employees. 

3.                       
GENERAL MATTERS 

3.1                      This
Agreement shall be for an indefinite term, 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 

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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. 

3.6                      This
Agreement may be executed in several counterparts, and by facsimile or PDF, 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 

BT HYDROCARBONS CORPORATION 

Per: /s/ Terry
Buchanan 
       Authorized
SignatoryFiled by Automated Filing Services Inc. (604) 609-0244 - Park Place Energy Corp. - Exhibit 10.13

STOCK OPTION AGREEMENT 

THIS AGREEMENT made the ____ day of __________, 200___. 

BETWEEN: 

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

          (herein called the “Company”) 

        

      

    

  

OF THE FIRST PART 

AND: 

__________________________________________________ 

__________________________________________________ 

(herein called the “Optionee”) 

OF THE SECOND PART 

WHEREAS: 

A.                     
The Optionee is a _____________________ of 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 _______________;

	 	 	 
	 	(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;

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

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	 	(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 ________________ Optioned Shares at a price of CDN$______ 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 fully vest six months from the date of grant, being
_________________; 

4.                     
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.

5.                     
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. 

6.                      The
Option shall survive the Optionee's resignation or removal as a director of the
Company.

7.                      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. 

8.                      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. 

9.                     
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. 

10.                     The
Optionee acknowledges that the Company is currently a private company as a
result of which there are no restrictions on transfer of the Optioned Shares and
there are no assurances there will ever be a market for the Optioned Shares.

11.                     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 

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had been made prior to the date of such subdivision, redivision
or change and the exercise price of the Option shall be adjusted accordingly.

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

13.                     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 6 hereof. 

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

15.                     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 5 hereof. 

16.                     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.

17.                     Subject
to paragraph 5, 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. 

18.                     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. 

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

20.                     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. 

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21.                     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: 

 

________________________________________________
Authorized
Signatory 

 

________________________________________________
[Name of
Optionee]

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