Document:

Exhibit
10.3

REGISTRATION RIGHTS AGREEMENT

THIS REGISTRATION RIGHTS AGREEMENT (the “Agreement”)
is made and entered into as of March 2, 2007, by and among Tradestar Services,
Inc., a Nevada corporation (the “Purchaser”),
and 383210 Alberta Ltd. and Dave Hunter Resources Inc., each a corporation
organized and existing under the laws of Alberta, Canada, being the holders of
all of the capital stock of the Company (as defined below) (each individually a
“Seller” and collectively, the “Sellers”), and any transferees of the Sellers who become
subject to the provisions hereof pursuant to Section 2.8 (together with
the Sellers, the “Holders”
and each individually a “Holder”).  The Sellers and the Purchaser are each a “party” and together are “parties”
to this Agreement.

RECITALS

WHEREAS, concurrent with the execution hereof, the
Purchaser is purchasing from the Sellers all of the outstanding capital stock
(the “Company Shares”) of Decca Consulting
Ltd., a corporation organized and existing under the laws of Alberta, Canada
(the “Company”), pursuant to the terms and
conditions of that certain Amended and Restated Stock Purchase Agreement, dated
March 2, 2007 (the “Purchase Agreement”),
by and among the Purchaser, 1297181 Alberta Ltd., a corporation organized and
existing under the laws of Alberta, Canada, the Sellers, Barry Ahearn and Dave
Hunter;

WHEREAS, as part of the purchase price for the
Company Shares, the Sellers will receive shares of common stock, par value
$0.001 per share, of the Purchaser (“Common Stock”)
in the respective amounts set forth on Exhibit A attached hereto (the “Purchaser Shares”); and

WHEREAS, as a condition to the closing of the
transactions contemplated by the Purchase Agreement, the Purchaser wishes to
grant the Holders certain registration rights in respect of such Purchaser
Shares;

AGREEMENT

NOW, THEREFORE, in consideration of the mutual
promises and covenants set forth herein, the parties hereto hereby agree as
follows:

1.             Definitions. 
The following capitalized terms used in this Agreement shall be
construed to have the meanings set forth or referenced below.

“AAA Rules” is defined in Section 3.11.

“Affiliate” shall mean with respect to any individual, corporation, partnership,
association, trust, or any other entity (in each case, a “Person”), any Person
which, directly or indirectly, controls, is controlled by or is under common
control with such Person, including, without limitation any general partner,
officer or director of such Person.

“Agreement” is defined in the opening paragraph of this
Agreement.

“Common Stock”
is defined in the Recitals of this Agreement.

“Company” is defined in the Recitals of this
Agreement.

“Company Shares” is defined in the Recitals of this
Agreement.

“Exchange Act” shall mean the Securities Exchange Act of 1934, as amended, and the
rules and regulations promulgated thereunder.

“Form S-3” means such form under the Securities Act as in effect on the date
hereof or any registration form under the Securities Act subsequently adopted
by the SEC which permits inclusion or incorporation of substantial information
by reference to other documents filed by the Purchaser with the SEC.

“Holder”
shall mean any Person owning or having the right to acquire Registrable
Securities or any assignee thereof in accordance with Section 2.8
hereof.

“Immediate
Family Member” shall mean a child, stepchild, grandchild, parent,
stepparent, grandparent, spouse, sibling, mother-in-law, father-in-law,
son-in-law, daughter-in-law, brother-in-law, or sister-in-law, including
adoptive relationships, of a person referred to herein.

“Person” is defined in the definition of
Affiliate.

“Purchase Agreement” is defined in the Recitals of this Agreement.

“Purchaser”
is defined in the opening paragraph of this Agreement.

“Purchaser Shares” is defined in the Recitals of this Agreement.

“register,” “registered,” and “registration” refer to a registration effected by
preparing and filing a registration statement or similar document in compliance
with the Securities Act, and the declaration or ordering of effectiveness of
such registration statement or document.

“Registrable Securities” means (i) the Purchaser Shares issued to the Sellers pursuant to the
Purchase Agreement (or subsequently transferred to a Holder pursuant to Section
2.8), and (ii) any Common Stock issued as (or issuable upon the conversion
or exercise of any warrant, right or other security which is issued as) a
dividend or other distribution with respect to, or in exchange for or in
replacement of the shares referenced in clause (i) above; provided, however,
that Registrable Securities shall not include any shares of Common Stock (A)
that have previously been registered or that have been sold to the public
either pursuant to a registration statement or SEC Rule 144, (B) which have
been sold in a private transaction in which the transferor’s rights under this
Agreement are not assigned, or (C) for which registration rights have
terminated pursuant to Section 2.9 of this Agreement.

“Registrable Securities then outstanding” means the number of shares determined by
adding the number of shares of Common Stock outstanding which are, and the
number of shares of Common Stock issuable pursuant to then exercisable or
convertible securities which are, Registrable Securities.

“SEC” means the U.S. Securities and Exchange
Commission.

“SEC Rule 144” means Rule 144 promulgated by the SEC under
the Securities Act.

“SEC Rule 144(k)” means Rule 144(k) promulgated by the SEC
under the Securities Act.

“SEC Rule 145” means Rule 145 promulgated by the SEC under
the Securities Act.

“Securities Act” means the Securities Act of 1933, as amended, and the rules and
regulations promulgated thereunder.

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“Seller” and “Sellers” is defined in the opening paragraph of this
Agreement.

“Violation” means losses, claims, damages, or liabilities (joint or several) to
which a party hereto may become subject under the Securities Act, the Exchange
Act or other federal or state law, insofar as such losses, claims, damages, or
liabilities (or actions in respect thereof) arise out of or are based upon any
of the following statements, omissions or violations:  (i) any untrue statement or alleged
untrue statement of a material fact contained in such registration statement,
including any preliminary prospectus or final prospectus contained therein or
any amendments or supplements thereto; (ii) the omission or alleged
omission to state therein a material fact required to be stated therein, or
necessary to make the statements therein not misleading; or (iii) any
violation or alleged violation by any other party hereto, of the Securities
Act, the Exchange Act, any state securities law or any rule or regulation
promulgated under the Securities Act, the Exchange Act or any state securities
law.

2.             Registration Rights. 
The Purchaser
covenants and agrees as follows:

2.1           Piggyback Registration Rights.  If the Purchaser proposes to register (including for this purpose a
registration effected by the Purchaser for shareholders other than the Holders)
any of its stock or other securities under the Securities Act in connection
with the underwritten public offering of such securities solely for cash (other
than (i) a registration statement relating either to the sale of securities to
employees of the Purchaser pursuant to a stock option, stock purchase or similar
plan or an SEC Rule 145 transaction; (ii) a registration on any form which does
not include substantially the same information as would be required to be
included in a registration statement covering the sale of the Registrable
Securities; (iii) a registration in which the only Common Stock being
registered is Common Stock issuable upon conversion of debt securities which
are also being registered; (iv) a registration relating solely to a corporate
reorganization or other transaction on Form S-4 or under Rule 145 or (v) a
registration on any form that does not permit sales by the Holders), the
Purchaser shall, at such time, promptly give each Holder written notice of such
registration.  Upon the written request
of each Holder given within twenty (20) days after mailing of such notice by
the Purchaser in accordance with Section 3.5, the Purchaser shall, subject
to the provisions of Section 2.5, cause to be registered under the
Securities Act all of the Registrable Securities that each such Holder has requested
to be registered.  The Purchaser shall
have the right to terminate or withdraw any registration initiated by it under
this Section 2.1 prior to the effectiveness of such registration whether
or not any Holder has elected to include securities in such registration.  The expenses of such withdrawn registration
shall be borne by the Purchaser in accordance with Section 2.4 hereof.

2.2           Obligations of the Purchaser. 
Whenever required under Section 2.1 to effect the registration of
any Registrable Securities, the Purchaser shall, as expeditiously as reasonably
possible,

(a)           use its best efforts to prepare and
file with the SEC as soon as reasonably practicable, a registration statement
with respect to the Registrable Securities and use its best efforts to cause
such registration to promptly become effective;

(b)           prepare and file with the SEC such
amendments and supplements to such registration statement and the prospectus
used in connection with such registration statement as may be necessary to
comply with the provisions of the Securities Act with respect to the
disposition of all securities covered by such registration statement;

(c)           furnish to the Holders such numbers
of copies of a prospectus, including a preliminary prospectus, in conformity
with the requirements of the Securities Act, and such other documents as they
may reasonably request in order to facilitate the disposition of Registrable
Securities owned by them;

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(d)           use its reasonable commercial efforts
to register and qualify the securities covered by such registration statement
under such other securities or Blue Sky laws of such jurisdictions as shall be
reasonably requested by the Holders; provided that, the Purchaser shall not be
required in connection therewith or as a condition thereto to qualify to do
business or to file a general consent to service of process in any such states
or jurisdictions, unless the Purchaser is already subject to service in such
jurisdiction and except as may be required by the Securities Act;

(e)           in the event of an underwritten
public offering, enter into and perform its obligations under an underwriting
agreement, in usual and customary form, with the managing underwriter of such
offering.  Each Holder participating in
such underwriting shall also enter into and perform its obligations under such
an agreement;

(f)            cause all such Registrable
Securities registered pursuant to this Agreement hereunder to be listed on a
national securities exchange or trading system and each securities exchange and
trading system on which similar securities issued by the Purchaser are then
listed;

(g)           provide a transfer agent and
registrar for all Registrable Securities registered pursuant hereunder and a
CUSIP number for all such Registrable Securities, in each case not later than
the effective date of such registration; and

(h)           use its reasonable commercial efforts
to furnish, at the request of any Holder requesting registration of Registrable
Securities pursuant to this Section 2, on the date on which such
Registrable Securities are sold to the underwriter, (i) an opinion, dated
such date, of the counsel representing the Purchaser for the purposes of such
registration, in form and substance as is customarily given to underwriters in
an underwritten public offering, addressed to the underwriters, if any, and
(ii) a “comfort” letter dated such date, from the independent certified
public accountants of the Purchaser, in form and substance as is customarily
given by independent certified public accountants to underwriters in an
underwritten public offering, addressed to the underwriters, if any.

2.3           Furnish Information.  It shall be a condition precedent to the
obligations of the Purchaser to take any action pursuant to this Section 2
with respect to the Registrable Securities of any selling Holder that such
Holder shall furnish to the Purchaser such information regarding itself, the
Registrable Securities held by it, and the intended method of disposition of
such securities as shall be reasonably required to effect the registration of
such Holder’s Registrable Securities.

2.4           Expenses
of Purchaser Registration.  The
Purchaser shall bear and pay all expenses incurred in connection with any
registration, filing or qualification of Registrable Securities with respect to
the registrations pursuant to Section 2.1 hereof for each Holder
(which right may be assigned as provided in Section 2.8 hereof),
including (without limitation) all registration, filing, and qualification
fees, printers and accounting fees relating or apportionable thereto and the fees,
but excluding underwriting discounts and commissions relating to Registrable
Securities.

2.5           Underwriting
Requirements.  In connection with any
offering involving an underwriting of shares of the Purchaser’s capital stock
pursuant to Section 2.1, the Purchaser shall not be required to include
any of the Holders’ securities in such underwriting unless they accept the
terms of the underwriting as agreed upon between the Purchaser and its
underwriters, and then only in such quantity as the underwriters determine in
their sole discretion will not jeopardize the success of the offering by the
Purchaser.  If the total number of
securities, including Registrable Securities, requested by shareholders to

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be included in such offering exceeds the amount of securities to be
sold other than by the Purchaser that the underwriters determine in
their reasonable discretion is compatible with the success of the offering,
then the Purchaser shall be required to include in the offering only that
number of such securities, including Registrable Securities, which the
underwriters and the Purchaser determine in their sole discretion will not
jeopardize the success of the offering. 
In the event the underwriters determine that less than all of the total
number of securities, including Registrable Securities, requested by
shareholders to be included in such offering can be included in such offering,
then the Purchaser and the underwriters shall allocate the number of securities
that are entitled to be included in the registration and underwriting among the
selling Holders on a pro rata basis based on the number of Registrable
Securities held by all selling Holders or in such other proportions as shall
mutually be agreed to by all such selling Holders.

2.6           Delay of Registration.  No Holder shall have any right to obtain
or seek an injunction restraining or otherwise delaying any registration
pursuant to this Agreement as the result of any controversy that might arise
with respect to the interpretation or implementation of this Section 2.

2.7           Indemnification.  In the event any Registrable Securities are
included in a registration statement under this Section 2:

(a)           To the extent permitted by law, the
Purchaser will indemnify and hold harmless each Holder, the partners, members,
officers, directors and stockholders of each Holder, legal counsel and
accountants for each Holder, any underwriter (as defined in the Securities Act)
for such Holder and each person, if any, who controls such Holder or
underwriter within the meaning of the Securities Act or the Exchange Act,
against any Violation and the Purchaser will pay to each such Holder,
underwriter, controlling person or other aforementioned person, any reasonable
legal or other expenses reasonably incurred by them in connection with investigating
or defending any such loss, claim, damage, liability, or action as such
expenses are incurred; provided, however, that the indemnity agreement
contained in this Section 2.7(a) shall not apply to amounts paid in
settlement of any such loss, claim, damage, liability, or action if such
settlement is effected without the consent of the Purchaser (which consent
shall not be unreasonably withheld), nor shall the Purchaser be liable in any
such case for any such loss, claim, damage, liability, or action to the extent
that it arises out of or is based upon a Violation which occurs in reliance
upon and in conformity with written information furnished expressly for use in
connection with such registration by any such Holder, underwriter, controlling
person or other aforementioned person.

(b)           To the extent
permitted by law, each selling Holder will severally and not jointly indemnify
and hold harmless the Purchaser, each of its directors, each of its officers
who has signed the registration statement, each person, if any, who controls
the Purchaser within the meaning of the Securities Act, legal counsel and
accountants for the Purchaser, any underwriter, any other Holder selling
securities in such registration statement and any controlling person of any such
underwriter or other Holder, against any losses, claims, damages, or
liabilities (joint or several) to which any of the foregoing persons may become
subject, under the Securities Act, the Exchange Act or other federal or state
law, insofar as such losses, claims, damages, or liabilities (or actions in
respect thereto) arise out of or are based upon any Violation, in each case to
the extent (and only to the extent) that such Violation occurs in reliance upon
and in conformity with written information furnished by such Holder expressly
for use in connection with such registration; and each such Holder will pay any
reasonable legal or other expenses incurred by any person intended to be
indemnified pursuant to this Section 2.7(b), in connection with
investigating or defending any such loss, claim, damage, liability, or action;
provided, however, that the indemnity agreement contained in this Section 2.7(b)
shall not apply to amounts paid in settlement of any such loss, claim, damage,
liability or action if such settlement is effected 

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without the consent of the
Holder, which consent shall not be unreasonably withheld; provided, further,
that, in no event shall any indemnity under this Section 2.7(b)
exceed the net proceeds from the offering received by such Holder, except in
the case of fraud or willful misconduct by such Holder.

(c)           Promptly after receipt by an
indemnified party under this Section 2.7 of notice of the
commencement of any action (including any governmental action), such
indemnified party will, if a claim in respect thereof is to be made against any
indemnifying party under this Section 2.7, deliver to the
indemnifying party a written notice of the commencement thereof and the
indemnifying party shall have the right to participate in, and, to the extent
the indemnifying party so desires, jointly with any other indemnifying party
similarly noticed, to assume the defense thereof with counsel mutually
satisfactory to the parties; provided, however, that an indemnified party
(together with all other indemnified parties which may be represented without
conflict by one counsel) shall have the right to retain one separate counsel,
with the fees and expenses to be paid by the indemnifying party, if
representation of such indemnified party by the counsel retained by the
indemnifying party would be inappropriate due to actual or potential differing
interests between such indemnified party and any other party represented by
such counsel in such proceeding.  The
failure to deliver written notice to the indemnifying party within a reasonable
time of the commencement of any such action, if prejudicial to its ability to
defend such action, shall relieve such indemnifying party of any liability to
the indemnified party under this Section 2.7, but the omission so
to deliver written notice to the indemnifying party will not relieve it of any
liability that it may have to any indemnified party otherwise than under this Section 2.7.

(d)           In order to provide for just and
equitable contribution to joint liability under the Securities Act in any case
in which either (i) any Holder exercising rights under this Agreement, or any
controlling person of any such Holder, makes a claim for indemnification
pursuant to this Section 2.7 but it is judicially determined (by the
entry of a final judgment or decree by a court of competent jurisdiction and
the expiration of time to appeal or the denial of the last right of appeal)
that such indemnification may not be enforced in such case notwithstanding the
fact that this Section 2.7 provides for indemnification in such case, or
(ii) contribution under the Securities Act may be required on the part of any
such selling Holder or any such controlling person in circumstances for which
indemnification is provided under this Section 2.7, then, and in each
such case, the Purchaser and such Holder will contribute to the aggregate
losses, claims, damages or liabilities to which they may be subject (after
contribution from others) in such proportion as is appropriate to reflect the
relative fault of the indemnifying party on the one hand and of the indemnified
party on the other in connection with the statements or omissions that resulted
in such loss, liability, claim, damage, or expense as well as any other
relevant equitable considerations.  The
relative fault of the indemnifying party and of the indemnified party shall be
determined by reference to, among other things, whether the untrue or alleged
untrue statement of a material fact or the omission or alleged omission to
state a material fact relates to information supplied by the indemnifying party
or by the indemnified party and the parties’ relative intent, knowledge, access
to information, and opportunity to correct or prevent such statement or
omission; provided however, that, in any such case, (i) no such Holder will be
required to contribute any amount in excess of the public offering price of all
such Registrable Securities offered and sold by such Holder pursuant to such
registration statement, and (ii) no person or entity guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the Securities Act)
will be entitled to contribution from any person or entity who was not guilty
of such fraudulent misrepresentation; provided further, that in no event shall
a Holder’s liability pursuant to this Section 2.7(d), when combined with
the amounts paid or payable by such holder pursuant to Section 2.7(b),
exceed the proceeds from the offering (net of any underwriting 

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discounts or commissions)
received by such Holder, except in the case of fraud or willful misconduct by
such Holder.

(e)           Notwithstanding the foregoing, to the
extent that the provisions on indemnification and contribution contained in the
underwriting agreement entered into in connection with the underwritten public
offering are in conflict with the foregoing provisions, the provisions in the
underwriting agreement shall control.

(f)            Unless otherwise superceded by an
underwriting agreement entered into in connection with the underwritten public
offering, the obligations of the Purchaser and Holders under this Section 2.7
shall survive the completion of any offering of Registrable Securities in a
registration statement under this Section 2, and otherwise and
shall survive the termination of this Agreement.

2.8           Assignment of Registration Rights.  The
rights to cause the Purchaser to register Registrable Securities pursuant to
this Section 2 may be assigned (but only with all related
obligations) by a Seller to a transferee or assignee of such securities that
(i) is a subsidiary, Affiliate, parent company, partner, member, limited
partner, retired partner, retired member or stockholder of a Seller; or
(ii) is a Seller’s Immediate Family Member or trust for the benefit of an
individual Seller or such Seller’s Immediate Family Member; provided that:
(a) the Purchaser is, within a reasonable time after such transfer,
furnished with written notice of the name and address of such transferee or
assignee and the securities with respect to which such registration rights are
being assigned; (b) such transferee or assignee agrees in writing to be
bound by and subject to the terms and conditions of this Agreement; and
(c) such assignment shall be effective only if immediately following such
transfer the further disposition of such securities by the transferee or
assignee is restricted under the Securities Act.  For the purposes of determining the number of
shares of Registrable Securities held by a transferee or assignee, the holdings
of a transferee or assignee (i) that is a subsidiary, parent company, partner,
limited partner, retired partner, member, retired member or stockholder of a
Seller; (ii) that is an Affiliate of a Seller, which means with respect to a
limited liability company or a limited liability partnership, a fund or entity managed
by the same manager or managing member or general partner or management company
or by an entity controlling, controlled by, or under common control with such
manager or managing member or general partner or management company; (iii) who
is a Seller’s Immediate Family Member; or (iv) that is a trust for the benefit
of an individual Seller or such Seller’s Immediate Family Member, shall be
aggregated together and with those of the assigning Seller; provided that all
assignees and transferees who would not qualify individually for assignment of
registration rights shall have a single attorney-in-fact for the purpose of
exercising any rights, receiving notices or taking any action under this Section 2.  Exhibit A attached hereto shall be
promptly amended, without any action on the part of the parties, with the name
and contact information of each transferee or assignee who receives Registrable
Securities in compliance with this Section 2.8 and the amount of
Registrable Securities of all Holders as of such date.

2.9           Termination of Registration Rights.

(a)           No Holder shall be entitled to
exercise any right provided for in this Section 2 after three (3)
years following the date hereof.

(b)           The rights set forth in this Section
2 shall terminate as to any Holder, when the Registrable Securities held by
such Holder (together with any Affiliate of such Holder with whom such Holder
must aggregate its sales under SEC Rule 144) could be sold without restriction
under SEC Rule 144 within a ninety (90) day period.

3.             Miscellaneous.

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3.1           Transfers,
Successors and Assigns.  The terms
and conditions of this Agreement shall inure to the benefit of and be binding
upon the respective successors and assigns of the parties.  Nothing in this Agreement, express or
implied, is intended to confer upon any party other than the parties hereto or
their respective successors and assigns any rights, remedies, obligations,
or liabilities under or by reason of this Agreement, except as expressly
provided in this Agreement.

3.2           Governing
Law.  This Agreement shall be
governed by and construed in accordance with the with the internal laws of the
State of Texas, without regard to its principles of conflicts of laws.

3.3           Counterparts.  This Agreement may be executed in two or more
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.  This Agreement may also be executed and
delivered by facsimile signature and in two or more counterparts, each of which
shall be deemed an original, but all of which together shall constitute one and
the same instrument.

3.4           Titles
and Subtitles.  The titles and
subtitles used in this Agreement are used for convenience only and are not to
be considered in construing or interpreting this Agreement.

3.5           Notices.  All notices and other communications given or
made pursuant to this Agreement shall be in writing and shall be deemed
effectively given:  (a) upon personal
delivery to the party to be notified, (b) when sent by confirmed electronic
mail or facsimile if sent during normal business hours of the recipient, and if
not so confirmed, then on the next business day, (c) three (3) days after
having been sent by registered or certified mail, return receipt requested,
postage prepaid, or (d) one (1) day after deposit with a nationally recognized
overnight courier, specifying next day delivery, with written verification of
receipt.  All communications shall be
sent to the Holders at their address or facsimile number as set forth on Exhibit
A hereto, or to such address or facsimile number as subsequently modified
by written notice given in accordance with this Section 3.5.  If notice is given to the Purchaser,
addressed to:

	
  

  	
  Tradestar Services, Inc.

  
	
   

  	
  Three Riverway, Suite 1500

  
	
   

  	
  Houston, Texas 77056

  
	
   

  	
  Attn.: Chief Executive Officer

  
	
   

  	
  Telephone: (713) 479-7000

  
	
   

  	
  Facsimile: (713) 975-6271

  
	
   

  	
   

  
	
   

  	
  with a copy (which shall not constitute notice) to:

  
	
   

  	
   

  
	
   

  	
  (i)

  	
   

  	
  Haynes and Boone, LLP

  
	
   

  	
   

  	
   

  	
  One Houston
  Center

  
	
   

  	
   

  	
   

  	
  1221 McKinney
  Street, Suite 2100

  
	
   

  	
   

  	
   

  	
  Houston, Texas
  77010

  
	
   

  	
   

  	
   

  	
  Attention: Bryce
  D. Linsenmayer, Esq.

  
	
   

  	
   

  	
   

  	
  Telephone: (713)
  547-2007

  
	
   

  	
   

  	
   

  	
  Facsimile: (713)
  236-5540

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  (ii)

  	
   

  	
  Stikeman Elliott, LLP

  
	
   

  	
   

  	
   

  	
  4300 Bankers
  Hall

  
	
   

  	
   

  	
   

  	
  888-3rd Street
  SW

  
	
   

  	
   

  	
   

  	
  Calgary, AB T2P
  5C5

  

 

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  Attn.: Stuart M.
  Olley, Esq.

  
	
   

  	
   

  	
   

  	
  Telephone: (403)
  266-9057

  
	
   

  	
   

  	
   

  	
  Facsimile: (403)
  266-9034

  

 

3.6           Costs of Enforcement.  If any party to this Agreement seeks to
enforce its rights under this Agreement by legal proceedings, the
non-prevailing party shall pay all costs and expenses incurred by the
prevailing party, including, without limitation, all reasonable attorneys’
fees.

3.7           Amendments and Waivers.  Any term of this Agreement may be amended and
the observance of any term of this Agreement may be waived (either generally or
in a particular instance and either retroactively or prospectively), only with
the written consent of the Purchaser and the holders of a majority of the
Registrable Securities then outstanding. 
Any amendment or waiver effected in accordance with this Section 3.7
shall be binding upon each Holder of any Registrable Securities then
outstanding, each future Holder of all such Registrable Securities, and the
Purchaser.  Notwithstanding the
foregoing, this Agreement may not be amended or terminated and the observance
of any term hereunder may not be waived with respect to any Holder without the
written consent of such Holder, unless such amendment, termination or waiver
applies to all Holders.  The Purchaser shall
give prompt written notice of any amendment or termination hereof or waiver
hereunder to any party hereto that did not consent in writing to such
amendment, termination or waiver.  Any
amendment, termination or waiver effected in accordance with this Section
3.7 shall be binding on all parties hereto, even if they do not execute
such consent.  No waivers of or
exceptions to any term, condition or provision of this Agreement, in any one or
more instances, shall be deemed to be, or construed as, a further or continuing
waiver of any such term, condition or provision.  Notwithstanding the foregoing, Exhibit A
attached hereto may be amended without the consent of or notice to the Holders
with the name and contact information of each transferee or assignee who
receives Registrable Securities in compliance with this Section 2.8 and
with the amount of Registrable Securities of all Holders as of such date.

3.8           Severability.  The invalidity or unenforceability of any
provision hereof shall in no way affect the validity or enforceability of any
other provision.

3.9           Aggregation of Stock.  All shares of Registrable Securities held or
acquired by Affiliates shall be aggregated together for the purpose of
determining the availability of any rights under this Agreement.

3.10         Entire Agreement.  This Agreement (including the Exhibits
hereto, if any) constitutes the full and entire understanding and agreement
between the parties with respect to the subject matter hereof, and any other
written or oral agreement relating to the subject matter hereof existing
between the parties are expressly canceled.

3.11         Dispute Resolution.  Any controversy or claim arising out of or
relating to this Agreement, or the breach thereof, shall be resolved by binding
arbitration administered by the American Arbitration Association under its
Commercial Arbitration Rules in effect on the date of this Agreement (herein
the “AAA Rules”), and judgment on the award
rendered by the arbitrator may be entered in any court having jurisdiction
thereof.  The arbitrator shall be
selected pursuant to the AAA Rules and shall be a neutral and impartial lawyer
with excellent academic and professional credentials (i) who is or has been
practicing law for at least fifteen (15) years, specializing in general
commercial litigation or general corporate and commercial matters and (ii) who
has both training and experience as an arbitrator and is generally available to
serve as an arbitrator.  The arbitration
shall be governed by the arbitration law of the Federal Arbitration Act and
shall be held in Houston, Texas.

 9
 

3.12         Delays
or Omissions.  No delay or omission
to exercise any right, power or remedy accruing to any party under this
Agreement, upon any breach or default of any other party under this Agreement,
shall impair any such right, power or remedy of such non-breaching or
non-defaulting party nor shall it be construed to be a waiver of any such
breach or default, or an acquiescence therein, or of or in any similar breach
or default thereafter occurring; nor shall any waiver of any single breach or
default be deemed a waiver of any other breach or default theretofore or
thereafter occurring.  Any waiver,
permit, consent or approval of any kind or character on the part of any party
of any breach or default under this Agreement, or any waiver on the part of any
party of any provisions or conditions of this Agreement, must be in writing and
shall be effective only to the extent specifically set forth in such
writing.  All remedies, either under this
Agreement or by law or otherwise afforded to any party, shall be cumulative and
not alternative.

[Signature Pages Follow]

 10
 

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

	
  

  	
  PURCHASER:

  
	
   

  	
   

  
	
   

  	
  TRADESTAR SERVICES, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ D. Hughes Watler Jr.

  
	
   

  	
   

  	
  D. Hughes Watler, Jr.

  
	
   

  	
   

  	
  Chief Financial Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  SELLERS:

  
	
   

  	
   

  
	
   

  	
  38310 ALBERTA LTD.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Barry Ahearn

  
	
   

  	
  Name:

  	
  Barry Ahearn

  
	
   

  	
  Title:

  	
  President

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  DAVE HUNTER RESOURCES INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Dave Hunter

  
	
   

  	
  Name:

  	
  Dave Hunter

  
	
   

  	
  Title:

  	
  President

  
				

 11
 

EXHIBIT A

SCHEDULE OF HOLDERS

	
  

  	
   

  	
  Holder’s Name and Address

  	
   

  	
  Number of Purchaser Shares

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  1. 

  	
   

  	
  383210 Alberta Ltd.  

  	
   

  	
  414,286 

  	
   

  
	
  

  	
   

  	
  #2 Fieldstone Way 

  	
   

  	
   

  	
   

  
	
  

  	
   

  	
  Sylvan Lake, AB T4S 2L3 

  	
   

  	
   

  	
   

  
	
  

  	
   

  	
  Attn.: Barry Ahearn 

  	
   

  	
   

  	
   

  
	
  

  	
   

  	
  Telephone: (403) 318-2852

  	
   

  	
   

  	
   

  
	
  

  	
   

  	
  Facsimile: (403) 263-3374 

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  

  	
   

  	
  With a copy (which
  shall not constitute notice) to:

  	
   

  	
   

  	
   

  
	
  

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Douglas Dunscombe  

  	
   

  	
   

  	
   

  
	
  

  	
   

  	
  Suite 900, 800 6th Avenue S.W. T2P 3G3 

  	
   

  	
   

  	
   

  
	
  

  	
   

  	
  Telephone: (403) 262-7221

  	
   

  	
   

  	
   

  
	
  

  	
   

  	
  Facsimile: (403) 269-8246 

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2. 

  	
   

  	
  Dave Hunter Resources
  Inc.  

  	
   

  	
  414,286 

  	
   

  
	
  

  	
   

  	
  53360 Range Road 220 

  	
   

  	
   

  	
   

  
	
  

  	
   

  	
  Ardrossan, AB T8E 2BS 

  	
   

  	
   

  	
   

  
	
  

  	
   

  	
  Attn.: Dave Hunter 

  	
   

  	
   

  	
   

  
	
  

  	
   

  	
  Telephone: (403)
  860-4331

  	
   

  	
   

  	
   

  
	
  

  	
   

  	
  Facsimile: (780)
  922-0176  

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  

  	
   

  	
  With a copy (which
  shall not constitute notice) to:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Douglas Dunscombe   

  	
   

  	
   

  	
   

  
	
  

  	
   

  	
  Suite 900, 800 6th
  Avenue S.W. T2P 3G3

  	
   

  	
   

  	
   

  
	
  

  	
   

  	
  Telephone: (403)
  262-7221

  	
   

  	
   

  	
   

  
	
  

  	
   

  	
  Facsimile: (403)
  269-8246 

  	
   

  	
   

  	
   

  

 

 12Exhibit 10.4

PLEDGE AND SECURITY AGREEMENT

This
PLEDGE AND SECURITY AGREEMENT (this “Agreement”) is
entered into effective as of this 2 day of March, 2007, by and among  Tradestar Services, Inc.,  a
Nevada corporation  (the “Pledgor”),
and each of 383210 Alberta Ltd., a corporation organized and existing under the
laws of Alberta, Canada,  and Dave
Hunter Resources Inc., a corporation organized and existing under the laws of
Alberta, Canada,  and/or their successors or
assigns (collectively, “Pledgees”).  Pledgor and Pledgees are each a “party”
and together are “parties” to
this Agreement.

RECITALS

A.            Pledgor,
Pledgees, 1297181 Alberta Ltd., a
corporation organized and existing under the laws of Alberta, Canada and a
wholly-owned subsidiary of Pledgor (the “Purchaser”),
and Barry Ahearn and Dave Hunter, residents of Sylvan Lake and Ardrossan,
Canada, respectively (collectively, the “Shareholders”),
are parties to that certain Amended and Restated Stock Purchase Agreement,
dated March 2, 2007 (the “Purchase Agreement”),
pursuant to which the Purchaser is purchasing all of the issued and outstanding
capital stock (the “Stock”) of
Decca Consulting Ltd., a corporation organized and existing under the laws of
Alberta, Canada (the “Company”);

B.            As
part of the purchase price for the Stock, Pledgor has delivered the following
promissory notes, dated of even date herewith (the “Notes”)
to the Pledgees:

1.                                       Decca Promissory Note No. 1 payable to the
order of 383210 Alberta Ltd. in the
original principally amount of Cdn $725,000.00; and

2.                                       Decca Promissory Note No. 2 payable to the
order of Dave Hunter Resources Inc. in
the original principal amount of Cdn $725,000.00;

C.            Following
the acquisition of the Stock by the Purchaser, the Purchaser and the Company
consummated an amalgamation of the Purchaser and the Company with the Company
being the surviving corporation of the amalgamation (the “Amalgamation”);

D.            Following
the Amalgamation, Pledgor owns all of the Stock; and

E.             As
part of the consideration of Pledgees accepting the Notes (as opposed to cash
or other consideration) under the Purchase Agreement, Pledgor desires to pledge
and deliver to Pledgees the Stock as security for the Notes and other
obligations hereafter identified.

AGREEMENT

NOW, THEREFORE, to induce Pledgees to accept the
Notes; and as security for Pledgor’s obligations under the Notes and any other
obligations or liabilities of Pledgor under this Agreement (this Agreement and
the Notes, the “Loan Documents” and the
obligations and liabilities of Pledgor under the Loan Documents are
collectively referred to herein as the “Secured Indebtedness”),
and for other good and valuable consideration, the parties agree as follows:

1.             Pledge of Common Stock. 
Pledgor hereby grants to Pledgees a security interest in, and pledges to
Pledgees, 100% of the Stock of the Company and hereby assigns, transfers and
sets over to Pledgees all of Pledgor’s right, title and interest in and to the
Stock, to be held by Pledgees as security for the Secured Indebtedness and
further upon the terms and conditions set forth in this Agreement.

2.             Pledge of Additional Common Stock.  If
Pledgor shall, at any time or from time to time after the date hereof, acquire,
by purchase, dividend or otherwise, any additional shares of capital stock of
whatever class or description of the Company, or any other securities or other
instruments convertible or exchangeable for any such additional shares or any
rights in participation of profits, options or warrants or any other
contractual rights relating to any participation in the Company (collectively,
the “Additional Stock”),  Pledgor shall be deemed to have pledged to
Pledgees the Additional Stock pursuant to this Agreement.  Pledgor hereby grants a security interest in
and assigns, transfers and sets over to Pledgees all of Pledgor’s right, title
and interest in and to the Additional Stock and such certificates, instruments,
documents and contracts evidencing the same as security for the Secured
Indebtedness.  The Stock, the Additional
Stock and any shares of capital stock or other securities of the Company issued
in exchange therefor or replacement thereof are hereafter called the “Pledged Securities.” 
Pledgor hereby further assigns, transfers, sets over and grants to
Pledgees a security interest in and to all proceeds of the Pledged Securities.

3.             Representations, Warranties and Covenants. 
Pledgor represents, warrants and covenants that:

(a)           the Stock is validly issued and
outstanding and is fully paid and nonassessable and constitutes all of the
outstanding ownership interests of the Company, and there are no outstanding
rights in Pledgor or any other person or organization to acquire any
additional, ownership interests of the Company, or any other securities or
other instruments now or hereafter convertible or exchangeable for any such
additional capital stock and ownership interests;

(b)           Pledgor is the holder of record and
sole beneficial owner of the Stock;

(c)           Pledgor has good and marketable title
to the Stock, and will have good and marketable title to all other Pledged
Securities when acquired, free of all mortgages, pledges, liens, security
interests, conditional sale or other title retention agreements, charges or
encumbrances and adverse claims of any kind whatsoever;

(d)           Pledgor will warrant and forever
defend the title to the Pledged Securities and its proceeds against the claims
and demands of all persons whomsoever claiming or to claim the same or any part
thereof;

(e)           So long as the Secured Indebtedness
or any part thereof remains unpaid, Pledgor covenants and agrees that Pledgor
shall furnish to Pledgees such stock powers, consents, security agreements and
other instruments as may be required by Pledgees to evidence their interest in
the Pledged Securities and to assure the transferability of the Pledged
Securities when requested by Pledgees;

(f)            Pledgor will, on request of
Pledgees, promptly correct any defect, error or omission which may be
discovered in the contents of this Agreement or the Notes, or in any other
instrument executed in connection herewith or therewith; and

(g)           If the validity or the priority of
this Agreement or of any right, title, security interest or other interest
created or evidenced hereby or of any right, title, security interest or other
interest of Pledgor in and to the Pledged Securities shall be attacked,
endangered or questioned or if any legal proceedings are instituted against
Pledgor with respect thereto, Pledgor will give prompt notice thereof to
Pledgees.

4.             Restrictions on Disposition of the Pledged Securities
by Pledgor.  Pledgor will not, directly or indirectly,
sell, assign, transfer, mortgage, pledge, hypothecate or otherwise dispose of
the 

 2
 

Pledged
Securities or any interest therein, or create, assume or permit any lien or
encumbrance of any kind whatsoever to exist with respect thereto, without the
express written consent of Pledgees.

5.             Voting.  Unless and until an Event of
Default shall have occurred and be continuing, Pledgor shall have the right to
vote the Pledged Securities and to otherwise act with respect thereto.  All rights of Pledgor to vote shall, without
further action by any party, cease if an Event of Default shall occur.

6.             Dividends and other Distributions. 
Pledgor agrees that it shall not cause or allow the Company to declare a
dividend or make a distribution of its Stock, subdivide its outstanding Stock,
combine its outstanding Stock into a smaller number of shares, or issue by
reclassification of its Stock (including any such reclassification in
connection with a consolidation or merger in which Company is the continuing
entity) any securities of its capital ownership that would in any way reduce
the percentage ownership interest of the Pledged Securities in Company or
otherwise dilute in any way such ownership interest.

7.             Remedies.  If Pledgor defaults on any of the Notes or
any of the Secured Indebtedness, or if Pledgor breaches any representation,
warranty or covenant, or defaults upon any obligations, hereunder and such
breach or default is not cured after forty-five (45) days following the
delivery of written notice of such breach or default to Pledgor (each an “Event of Default”), then upon written notice to Pledgor that
Pledgees intend to exercise rights and/or remedies under this Agreement and/or
any other Loan Document, Pledgees shall be entitled to exercise all of the
rights, powers and remedies vested in them by this Agreement or the Notes and
all rights, powers and remedies now or hereafter existing at law or in equity
or by statute or otherwise for the protection and enforcement of their rights
with respect to the Pledged Securities, and Pledgees shall be entitled, without
limitation:

(a)           to transfer all or any part of the
Pledged Securities into Pledgees’ names or the names of their nominees and to
cause new certificates or instruments to be issued in the names of such
transferees;

(b)           to vote all or any part of the
Pledged Securities, whether or not transferred into the name of Pledgees or
nominees, and to give all consents, waivers and ratifications with respect to
the Pledged Securities and otherwise act with respect thereto as though it were
the outright owner thereof, Pledgor hereby irrevocably constituting and
appointing Pledgees the proxy and attorney-in-fact of Pledgor, with full power
of substitution, to do so; and

(c)           at any time or from time to time to
sell, assign and deliver, or grant options to purchase, all or any part of the
Pledged Securities, or any interest therein, at any public or private sale,
without demand or performance, advertisement or notice of intention to sell or
of the time or place of sale or adjournment thereof or otherwise, other than
written notice to Pledgor of same, for cash, on credit or for other property,
for immediate or future delivery without any assumption of credit risk, for
such reasonable price or prices and on such terms as Pledgees in their absolute
discretion may determine.  Pledgor hereby
waives demand, advertisement and notice, other than to Pledgor, of Pledgees
intention to sell and the time and place of the sale.

At
any sale, unless prohibited by applicable law, Pledgees may bid for and
purchase all or any part of the Pledged Securities so sold free from any right
or equity of redemption.  Any public sale
shall be held at such time or times within the ordinary business hours and at
such place or places as Pledgees may affix in the notice of such sale.  At any sale, public or private, pursuant to
the provisions of this subsection or subsection 7(d), the Pledged Securities
may be sold in one lot as an entirety or in separate lots, as Pledgees may
determine.  Pledgees shall not be
obligated to make any sale pursuant to any such notice.  Pledgees may without notice or 

 3
 

publication adjourn any
public or private sale or cause the same to be adjourned from time to time by
announcement at any time and place fixed for the sale and such sale may be made
at any time or place to which the same may be so adjourned.  Pledgees are authorized at any public sale,
if Pledgees deem it advisable to do so, to restrict the prospective bidders or
purchasers to persons who will represent and agree that they are purchasing the
Pledged Securities for their own account for investment and not with a view to
the distribution or resale of any of the Pledged Securities.

(d)
          to have and exercise all the
rights of a secured party after default under the Uniform Commercial Code of
Texas and in conjunction with, in addition to or in substitution for those
rights and remedies and the rights and remedies provided for herein:

(i)            written notice
mailed to Pledgor as provided herein five (5) days prior to the date of public
sale of the Pledged Securities or prior to the date after which private sale of
the Pledged Securities will be made shall constitute reasonable notice; and

(ii)           it shall not be
necessary that the Pledged Securities or any part thereof be present at the
location of such sale; and

(iii)          prior to the
application of proceeds of the disposition of the Pledged Securities to the
Secured Indebtedness, such proceeds shall be applied to the reasonable expenses
of retaking, holding, preparing for sale, selling, and the like, and the
attorneys’ fees and legal expenses incurred by Pledgees; and

(iv)          the sale by Pledgees
of less than the whole of the Pledged Securities shall not exhaust the rights
of Pledgees hereunder and Pledgees are specifically empowered to make
successive sales hereunder until the whole of the Pledged Securities shall be
sold, and if the proceeds of such sale of less than the whole of the Pledged
Securities shall be less than the aggregate of the Secured Indebtedness, this
Agreement and the security interest created hereby shall remain in full force
and effect as to the unsold portion of the Pledged Securities just as though no
sale had been made; and

(v)           the holder of the
Secured Indebtedness or any part thereof on which payment or performance is
delinquent shall have the option to proceed with foreclosure in satisfaction of
such delinquent payment or performance either through judicial proceedings or
by proceeding as if under a full foreclosure, conducting the sale as herein
provided without declaring the entire Secured Indebtedness due, and if sale is
made because of a default upon an installment or other performance due under
the Secured Indebtedness, such sale may be made subject to the unmatured part
of the Secured Indebtedness; and it is agreed that such sale, if so made, shall
not in any manner effect the unmatured part of the Secured Indebtedness, but as
to such unmatured part this Agreement shall remain in full force and effect as
though no sale had been made under the provisions of this subparagraph.  Several sales may be made hereunder without
exhausting the right of sale for any unmatured part of the Secured
Indebtedness; and

(vi)          in the event any
sale hereunder is not completed or is defective in the opinion of Pledgees,
such sale shall not exhaust the rights of Pledgees hereunder and Pledgees shall
have the right to cause a subsequent sale or sales to be made hereunder; and

(vii)         any and all
statements of fact or other recitals made in any bill of sale or assignment or
other instrument evidencing any foreclosure sale hereunder as to 

 4
 

nonpayment
of the Secured Indebtedness or as to the occurrence of any default, or as to
Pledgees having declared all of such indebtedness to be due and payable, or as
to notice of time, place and terms of sale and the properties to be sold having
been duly given, or as to any other act or thing having been duly done by
Pledgees, shall be taken as prima facie evidence of the truth of the facts so
stated and recited; and

(viii)        Pledgees may appoint
or delegate any one or more persons as agent to perform any act or acts
necessary or incident to any sale held by Pledgees including the sending of
notices and the conduct of sale.

(e)           to resort to any security given by
this Agreement or to any other security now existing or hereafter given to
secure the payment of the Secured Indebtedness in whole or in part and in such
portions and in such order as may seem best to Pledgees in their sole and
uncontrolled discretion, and any such action shall not be considered as a
waiver of any of the rights, benefits or security interests evidenced by this
Agreement.

To the full extent Pledgor may do so, Pledgor agrees
that Pledgor will not at any time insist upon, plead, claim or take the benefit
or advantage of any law now or hereafter in force providing for any
appraisement, valuation, stay, extension or redemption with respect to the
Pledged Securities and Pledgor for Pledgor and Pledgor’s heirs, devisees,
personal representatives, receivers, trustees, successors and assigns and for
any and all persons ever claiming any interest in the Pledged Securities, to
the extent permitted by law, hereby waives and releases all rights of
redemption, valuation, appraisement, stay of execution, notice of intention to
mature or declare due the whole of the Secured Indebtedness, notice of election
to mature or declare due the whole of the Secured Indebtedness and all rights
to a marshalling of the assets of Pledgor, including the Pledged Securities  or proceeds thereof, or to a sale in inverse
order of alienation in the event of foreclosure of the security interest hereby
created.

8.             Application of Proceeds by Pledgees.  All
proceeds collected upon any sale of the Pledged Securities or part thereof
hereunder, together with all other cash received by Pledgees hereunder, shall
be applied as follows:

(a)           First:       to the payment of all reasonable costs and expenses of
retaking, holding, preparing for sale, selling and the like and to reasonable
attorneys’ fees and legal expenses incurred by Pledgees;

(b)           Second:  to the satisfaction of any indebtedness
secured by this Agreement, including, without limitation, the Secured
Indebtedness, Pledgor to remain liable for any deficiency;

(c)           Third:  to the satisfaction of indebtedness secured
by any subordinate security interest in the Pledged Securities so sold, if
written notification of demand therefor is received before distribution of the
proceeds is completed and if the holder of such subordinate security interest
has seasonably furnished reasonable proof of his interest; and

(d)           Fourth:  the balance, if any, to Pledgor.

9.             Pledgor’s Obligations Absolute.  The
obligations of Pledgor under this Agreement shall be absolute and unconditional
and shall remain in full force and effect without regard to, and shall not be
released, suspended, discharged, terminated or otherwise affected by, any
circumstance or occurrence whatsoever, including, without limitation:  (a) any renewal, extension, amendment or
modification of or addition or supplement to or deletion from the applicable
provisions of any of the Notes, any other Loan Documents or with respect to any
of the Secured Indebtedness, or any assignment or transfer of any 

 5
 

interest
therein; (b) any waiver, consent, extension, indulgence or other action or
inaction under or with respect to any Secured Indebtedness to Pledgees or any
exercise or non-exercise of any right, remedy, power or privilege under or with
respect thereto or with respect to this Agreement or any other Loan Document;
(c) any furnishing of additional security to Pledgees or any release of
security or guaranty by Pledgees; (d) any bankruptcy, insolvency,
reorganization, composition, adjustment, dissolution, liquidation or other like
proceeding relating to Pledgor, or any action taken with respect to this
Agreement by any trustee or receiver, or by any court, in any such proceeding;
(e) release of any party liable either directly or indirectly for the Secured
Indebtedness or any part thereof or for any covenant herein or in any other
Loan Document; or (f) any other circumstances that might otherwise constitute a
defense available to, or a discharge of, Pledgor with respect to the
performance of its obligations under this Agreement.  Without notice to or consent of Pledgor, and
without impairment of the lien and security interest and other rights created
by this Agreement, Pledgees may accept from Pledgor, or from any other person
or persons, additional security for the Secured Indebtedness to Pledgees.

10.          Non-Public Sale.  If at
any time when Pledgees shall elect to exercise their right to sell all or any
of the Pledged Securities pursuant to Section 7 of this Agreement, the Pledged
Securities, or the part thereof to be sold, Pledgees may, in their sole and
absolute discretion, sell the Pledged Securities or part thereof by private
sale in such manner and under such circumstances as Pledgees may deem necessary
or advisable in order that such sale may be effected legally without applicable
registration.  Without limiting the
generality of the foregoing, Pledgees, in their sole and absolute discretion
(a) may proceed to make the private sale notwithstanding that a registration
statement for the purpose of registering the Pledged Securities shall have been
filed under the Securities Acts, (b) may approach and negotiate with as few as
one possible purchaser to effect the sale and (c) may restrict the sale to a
purchaser who will represent and agree that such purchaser is purchasing for
its own account, for investment, and not with a view to the distribution or
sale of the Pledged Securities and who will satisfy other conditions that at
the time are or may be required for a lawful non-public sale or are reasonably
requested by Pledgees. Any sale complying with the foregoing shall be deemed to
have been conducted in a commercially reasonable manner, but the foregoing
shall not be considered minimum requirements for a commercially reasonable
sale.  In the event of any non-public
sale, Pledgees shall incur no responsibility or liability for selling all or
any part of the Pledged Securities at a price that Pledgees may in good faith
deem reasonable under the circumstances, notwithstanding the possibility that a
substantially higher price might be realized if the sale were deferred until
after registration as aforesaid.

11.          Costs and Expenses. 
Pledgor will upon demand pay to Pledgees the amount of any and all
reasonable expenses incurred by Pledgees in administering this Agreement,
including, without limitation, the reasonable fees and expenses of Pledgees’
counsel and of any experts, agents, investment advisors and securities brokers,
dealers or underwriters that Pledgees may incur in connection with (a) the
exercise or enforcement of any of the rights of Pledgees, including sale of,
collection from or other realization upon the Pledged Securities (b) the
failure by Pledgor to perform or observe any of the provisions hereof or (c)
the successful defense of any counterclaim, cross-claim or other cause of
action asserted by Pledgor in connection with this Agreement.

12.          Remedies Cumulative.  Each
right, power and remedy of Pledgees provided for in this Agreement, any Note,
and any of the other Loan Documents, now or hereafter existing at law, in
equity and by statute or otherwise, shall be cumulative and concurrent and
shall be in addition to every other such right, power and remedy.  The exercise or beginning of the exercise by
Pledgees of any one or more of such rights, powers or remedies shall not
preclude the simultaneous or later exercise of all such other rights, powers or
remedies.  No failure or delay on the
part of Pledgees to exercise any right, power or remedy shall operate as a
waiver thereof.

13.          Reasonable Care. 
Pledgees shall be deemed to have exercised reasonable care in the
custody and preservation of the Pledged Securities in their possession if the
Pledged Securities are 

 6
 

accorded
treatment substantially equal to that which Pledgees accords their own
property, it being understood that Pledgees shall not have responsibility for
taking any necessary steps to preserve rights against any parties with respect
to the Pledged Securities.  Pledgees
shall not be responsible in any way for any depreciation in the value of the
Pledged Securities.

14.          Further Assurances. 
Pledgor, at its sole cost and expense, will duly execute, acknowledge
and deliver all instruments and take all action as Pledgees from time to time
may request in order further to effectuate the intent and purposes of this
Agreement.

15.          Termination.  Upon
receipt by Pledgees of payment in full of all Secured Indebtedness, this
Agreement shall terminate, and Pledgees, at the request and expense of Pledgor,
will execute and deliver to Pledgor a proper instrument or instruments
acknowledging the satisfaction and termination of this Agreement, and will duly
assign, transfer and deliver to Pledgor the Pledged Securities or portion
thereof then in their possession that has not theretofore been sold or
otherwise applied or released pursuant to this Agreement.

16.          Notices.  All notices and other
communications under this Agreement shall be in writing and either (a)
delivered against a receipt therefor; (b) mailed by registered or certified
mail, return receipt requested, postage prepaid, or (c) sent by telegram or
telecopy, in each case addressed as follows:

	
  

  	
  (a)

  	
  if to Pledgor, to:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Tradestar
  Services, Inc.

  	
   

  
	
   

  	
  1297181 Alberta,
  Ltd.

  	
   

  
	
   

  	
  Three Riverway,
  Suite 1500

  	
   

  
	
   

  	
  Houston, Texas
  77056

  	
   

  
	
   

  	
  Attention: Chief
  Executive Officer

  	
   

  
	
   

  	
  Telephone: (713)
  479-7000

  	
   

  
	
   

  	
  Facsimile: (713)
  975-6271

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  with a copy
  (which shall not constitute notice) to:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Haynes and
  Boone, LLP

  	
   

  
	
   

  	
  One Houston
  Center

  	
   

  
	
   

  	
  1221 McKinney
  Street, Suite 2100

  	
   

  
	
   

  	
  Houston, Texas
  77010

  	
   

  
	
   

  	
  Attention: Bryce
  D. Linsenmayer, Esq.

  	
   

  
	
   

  	
  Telephone: (713)
  547-2007

  	
   

  
	
   

  	
  Facsimile: (713)
  236-5540

  	
   

  

or at such other address as Pledgor may have furnished to Pledgees in writing.

	
  

  	
  (b)

  	
  if to Pledgees, to:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  383210 Alberta
  Ltd.

  	
   

  
	
   

  	
  #2 Fieldstone
  Way

  	
   

  
	
   

  	
  Sylvan Lake,
  Alberta T4S 2L3

  	
   

  
	
   

  	
  Attn.: Barry
  Ahearn, President

  	
   

  
	
   

  	
  Telephone: (403)
  318-2852

  	
   

  
	
   

  	
  Facsimile: (403)
  263-3374

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Dave Hunter
  Resources Inc.

  	
   

  

 

 7
 

 

	
  

  	
  53360 Range Road
  220

  	
   

  
	
   

  	
  Ardrossan,
  Alberta T8E 2BS

  	
   

  
	
   

  	
  Attn.: Dave
  Hunter, President

  	
   

  
	
   

  	
  Telephone: (403)
  860-4331

  	
   

  
	
   

  	
  Facsimile: (780)
  922-0176

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  With a copy
  (which shall not constitute notice) to:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Douglas
  Dunscombe, Esq.

  	
   

  
	
   

  	
  Suite 900

  	
   

  
	
   

  	
  800 6th Avenue
  S.W.

  	
   

  
	
   

  	
  Alberta, Canada
  T2P 3G3

  	
   

  
	
   

  	
  Telephone: (403)
  262-7221

  	
   

  
	
   

  	
  Facsimile: (403)
  269-8246

  	
   

  

or at such other address as each Pledgees may have furnished to Pledgor in
writing.

Any
requirement of the Uniform Commercial Code of reasonable notice shall be met if
such notice is mailed as provided in this Section 16 at least five (5) business
days before the time of the sale, disposition or other event or provision
hereof giving rise to the requirement for notice.

17.          Provisions Subject to Applicable Law.  All rights, powers and remedies provided
herein may be exercised only to the extent that the exercise thereof does not
violate any applicable provisions of law and are intended to be limited to the
extent necessary so that they will not render this Agreement invalid,
unenforceable or not entitled to be recorded, registered or filed under any
applicable law.  If any term of this
Agreement shall be held to be invalid, illegal or unenforceable, the remainder
of this Agreement and the validity of the other terms of this Agreement shall
be in no way be affected thereby.  THIS
AGREEMENT SHALL BE GOVERNED BY THE LAWS OF THE STATE OF TEXAS AND IS
PERFORMABLE IN HARRIS COUNTY, TEXAS.

18.          Miscellaneous.  This
Agreement shall be binding upon Pledgor and its successors and assigns and
shall inure to the benefit of and be enforceable by Pledgees and their
successors and assigns.  Neither this
Agreement nor any provision hereof may be changed, waived, discharged or
terminated orally, but only by an instrument in writing signed by the party
against which enforcement of the change, waiver, discharge or termination is
sought.  The headings in this Agreement
are for purposes of reference only and shall not limit or define the meaning
hereof.  This Agreement may be executed
in any number of counterparts, each of which shall be deemed an original, but
all of which shall constitute one and the same instrument.  A carbon, photographic or other reproduction
of this Agreement or of any financing statement relating to this Agreement
shall be sufficient as a financing statement. 
If any part of the Secured Indebtedness cannot be lawfully secured by
this Agreement, or if any part of the Pledged Securities cannot be lawfully
subject to the security interest hereof to the full extent of such Secured
Indebtedness, then all payments made shall be applied on the Secured
Indebtedness first in discharge of that portion thereof which is not secured by
this Agreement.  For the purposes of the
Texas Uniform Commercial Code and other applicable law, Pledgor shall be the “Debtor” and Pledgees shall be the “Secured Parties”.

19.          Benefits.  Pledgor does hereby acknowledge
that it has investigated fully the benefits and advantages that it will receive
from the execution of this Agreement and Pledgor does hereby acknowledge,
warrant and represent that its officers have found that a direct or indirect
benefit will accrue to Pledgor by reason of its execution of this Agreement in
favor of Pledgees.  Pledgor further
acknowledges that but for Pledgor’s agreement to execute this Agreement and the
Notes executed by the Pledgor, Pledgees would not have accepted the Notes as
payment for the Stock.

 8
 

20.          Representation of Parties.  Each
of the parties signing below represents and warrants to the other that such
party has the power and authority to execute this Agreement.

[THE NEXT PAGE IS THE SIGNATURE
PAGE]

 

 9

 

IN
WITNESS WHEREOF, the parties have caused this Agreement to be duly executed and
delivered as of date first written above.

	
  

  	
   

  	
  PLEDGOR:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  TRADESTAR SERVICES, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ D. Hughes Watler Jr.

  	
   

  
	
   

  	
   

  	
  D. Hughes Watler, Jr.

  	
   

  
	
   

  	
   

  	
  Chief Financial Officer

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  PLEDGEES:

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  383210 ALBERTA LTD.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Barry Ahearn

  	
   

  
	
   

  	
   

  	
  Barry Ahearn

  	
   

  
	
   

  	
   

  	
  President

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  DAVE HUNTER RESOURCES INC.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Dave Hunter

  	
   

  
	
   

  	
   

  	
  Dave Hunter

  	
   

  
	
   

  	
   

  	
  President

  	
   

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Signature Page to Amended and
Restated Pledge and Security Agreement)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00118-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00118-of-00352.parquet"}]]