Document:

ESCROW
AGREEMENT

     

    This Agreement is dated as of the
31st
day of August, 2009 among Mesa Energy Holdings, Inc., a Delaware corporation
(the "Company"), the subscribers listed on Schedule I hereto
(“Subscribers”), and Grushko & Mittman, P.C. (the "Escrow
Agent"):

     

    WITNESSETH:

     

    WHEREAS, the Company and Subscribers
have entered into a Subscription Agreement calling for the sale by the Company
to the Subscribers of  secured convertible Notes for an aggregate purchase price
of $750,000; and

     

    WHEREAS, the parties hereto require the
Company to deliver the Notes against payment therefor, with such Notes and the
Escrowed Funds to be delivered to the Escrow Agent, along with the other
documents, instruments and payments hereinafter described, to be held in escrow
and released by the Escrow Agent in accordance with the terms and conditions of
this Agreement; and

     

    WHEREAS, the Escrow Agent is willing to
serve as escrow agent pursuant to the terms and conditions of this
Agreement;

     

    NOW THEREFORE, the parties agree as
follows:

     

    ARTICLE
I

     

    INTERPRETATION

     

    1.1.
       Definitions.  Capitalized
terms used and not otherwise defined herein that are defined in the Subscription
Agreement shall have the meanings given to such terms in the Subscription
Agreement.  Whenever used in this Agreement, the following terms shall
have the following respective meanings:

     

    §           "Agreement"
means this Agreement and all amendments made hereto and thereto by written
agreement between the parties;

     

    §           “Closing
Date” shall have the meaning set forth in Section 1 of the Subscription
Agreement;

     

    §           "Escrowed
Payment" means an aggregate cash payment of $750,000 which is the Purchase
Price;

     

    §           “Guaranty”
shall have the meaning set forth in Section 3 of the Subscription
Agreement;

     

    §            “Legal
Opinion” means the original signed legal opinion referred to in Section 6 of the
Subscription Agreement;

     

    §           “Note”
shall have the meaning set forth in the second recital to the Subscription
Agreement;

     

    §            “Principal
Amount” shall mean an aggregate of $750,000;

    
      
         

      

      
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    §           “Security
Agreement” shall have the meaning set forth in Section 3 of the Subscription
Agreement;

     

    §           “Subscriber
Legal Fees” shall have the meaning set forth in Section 8(b) of the Subscription
Agreement;

     

    §           "Subscription
Agreement" means the Subscription Agreement (and the exhibits and schedules
thereto) entered into or to be entered into by the Company and Subscribers in
reference to the sale and purchase of the Notes;

     

    §           “Working
Interest Documents” shall have the meaning set forth in Section 2 of the
Subscription Agreement:

     

    §           “Working
Interest Security Documents” shall have the meaning set forth in Section 3 of
the Subscription Agreement;

     

    §           Collectively,
Legal Opinion, Notes, Security Agreement, Guaranty, Working Interest
Documents, Working Interest Security Documents, the executed Subscription
Agreement and Subscriber Legal Fees are referred to as "Company Documents";
and

     

    §           Collectively,
the Escrowed Payment and the Subscribers executed Subscription Agreements and
Security Agreement are referred to as "Subscriber Documents".

     

    1.2.        Entire
Agreement.  This Agreement along with the Company Documents and
the Subscriber Documents constitute the entire agreement between the parties
hereto pertaining to the Company Documents and Subscriber Documents and
supersedes all prior agreements, understandings, negotiations and discussions,
whether oral or written, of the parties.  There are no warranties,
representations and other agreements made by the parties in connection with the
subject matter hereof, except as specifically set forth in this Agreement, the
Company Documents and the Subscriber Documents.

     

    1.3.        Extended
Meanings.  In this Agreement words importing the singular
number include the plural and vice versa; words importing the masculine gender
include the feminine and neuter genders.  The word "person" includes
an individual, body corporate, partnership, trustee or trust or unincorporated
association, executor, administrator or legal representative.

     

    1.4.        Waivers and
Amendments.  This Agreement may be amended, modified,
superseded, cancelled, renewed or extended, and the terms and conditions hereof
may be waived, only by a written instrument signed by all parties, or, in the
case of a waiver, by the party waiving compliance.  Except as
expressly stated herein, no delay on the part of any party in exercising any
right, power or privilege hereunder shall operate as a waiver thereof, nor shall
any waiver on the part of any party of any right, power or privilege hereunder
preclude any other or future exercise of any other right, power or privilege
hereunder.

     

    1.5.        Headings.  The
division of this Agreement into articles, sections, subsections and paragraphs
and the insertion of headings are for convenience of reference only and shall
not affect the construction or interpretation of this
Agreement.

    
      
         

      

      
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    1.6.           Law Governing this
Agreement.  This Agreement shall be governed by and construed
in accordance with the laws of the State of New York without regard to conflicts
of laws principles that would result in the application of the substantive laws
of another jurisdiction.  Any action brought by either party against
the other concerning the transactions contemplated by this Agreement shall be
brought only in the state courts of New York or in the federal courts located in
the state of New York.  Both parties and the individuals executing
this Agreement and other agreements on behalf of the Company agree to submit to
the jurisdiction of such courts and waive trial by jury.  The
prevailing party (which shall be the party which receives an award most closely
resembling the remedy or action sought) shall be entitled to recover from the
other party its reasonable attorney's fees and costs.  In the event
that any provision of this Agreement or any other agreement delivered in
connection herewith is invalid or unenforceable under any applicable statute or
rule of law, then such provision shall be deemed inoperative to the extent that
it may conflict therewith and shall be deemed modified to conform with such
statute or rule of law.  Any such provision which may prove invalid or
unenforceable under any law shall not affect the validity or enforceability of
any other provision of any agreement.

     

    1.7.           Specific Enforcement,
Consent to Jurisdiction.  The Company and Subscribers
acknowledge and agree that irreparable damage would occur in the event that any
of the provisions of this Agreement were not performed in accordance with their
specific terms or were otherwise breached.  It is accordingly agreed
that the parties shall be entitled to an injuction or injunctions to prevent or
cure breaches of the provisions of this Agreement and to enforce specifically
the terms and provisions hereof or thereof, this being in addition to any other
remedy to which any of them may be entitled by law or equity.  Subject
to Section 1.6
hereof, each of the Company and Subscribers hereby waives, and agrees not to
assert in any such suit, action or proceeding, any claim that it is not
personally subject to the jurisdiction of such court, that the suit, action or
proceeding is brought in an inconvenient forum or that the venue of the suit,
action or proceeding is improper.  Nothing in this Section shall
affect or limit any right to serve process in any other manner permitted by
law.

     

    ARTICLE
II

     

    DELIVERIES
TO THE ESCROW AGENT

     

    2.1.           Company
Deliveries.  On or before the Closing Date, the Company shall
deliver the Company Documents to the Escrow Agent.

     

    2.2.           Subscriber
Deliveries.  On or before the Closing Date, Subscribers shall
deliver to the Escrow Agent the Purchase Price, the executed Subscription
Agreements and Security Agreement.  The Escrowed Payment will be
delivered pursuant to the following wire transfer instructions:

    

    Citibank,
N.A.

    1155
6th
Avenue

    New York,
NY 10036

    ABA
Number: 0210-00089

    For
Credit to: Grushko & Mittman, IOLA Trust Account

    Account
Number: 45208884

     

    2.3.           Intention to Create Escrow
Over Company Documents and Subscriber Documents.  The
Subscribers and Company intend that the Company Documents and Subscriber
Documents shall be held in escrow by the Escrow Agent pursuant to this Agreement
for their benefit as set forth herein.

     

    2.4.           Escrow Agent to Deliver
Company Documents and Subscriber Documents.  The Escrow Agent
shall hold and release the Company Documents and Subscriber Documents only in
accordance with the terms and conditions of this Agreement.

    
      
         

      

      
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    ARTICLE
III

     

    RELEASE
OF COMPANY DOCUMENTS AND SUBSCRIBER DOCUMENTS

     

    3.1.         Release of
Escrow.  Subject to the provisions of Section 4.2, the Escrow
Agent shall release the Company Documents and Subscriber Documents as
follows:

     

    (a)           On
the Closing Date, the Escrow Agent will simultaneously release the Company
Documents to the Subscribers and release the Subscriber Documents to the
Company, except that: (i) Subscriber Legal Fees will be released directly to the
Subscriber’s attorneys, (ii) the Collateral Agent Fee will be released to the
Collateral Agent as described in the Collateral Agent Agreement, and (iii) the
Security Agreement, Subsidiary Guaranty, Collateral Agent Agreement and Working
Interest Security Documents will also be released to the Collateral
Agent.

     

    (b)           Notwithstanding
the above, upon receipt by the Escrow Agent of joint written instructions
("Joint Instructions") signed by the Company and the Subscribers, it shall
deliver the Company Documents and Subscriber Documents in accordance with the
terms of the Joint Instructions.

     

    (c)           Anything
herein to the contrary notwithstanding, upon receipt by the Escrow Agent of a
final and non-appealable judgment, order, decree or award of a court of
competent jurisdiction (a "Court Order"), the Escrow Agent shall deliver the
Company Documents and Subscriber Documents in accordance with the Court
Order.  Any Court Order shall be accompanied by an opinion of counsel
for the party presenting the Court Order to the Escrow Agent (which opinion
shall be satisfactory to the Escrow Agent) to the effect that the court issuing
the Court Order has competent jurisdiction and that the Court Order is final and
non-appealable.

     

    3.2.           If
a Closing does not take place on or before September 30, 2009, the Escrow Agent
will promptly return the applicable Company Documents to the Company and return
the Subscriber Documents to the Subscriber.

     

    3.3.          
Acknowledgement of
Company and Subscriber; Disputes.  The Company and the
Subscribers acknowledge that the only terms and conditions upon which the
Company Documents and Subscriber Documents are to be released are set forth in
Sections 3 and 4 of this Agreement.  The Company and the Subscribers
reaffirm their agreement to abide by the terms and conditions of this Agreement
with respect to the release of the Company Documents and Subscriber
Documents.  Any dispute with respect to the release of the Company
Documents and Subscriber Documents shall be resolved pursuant to Section 4.2 or
by agreement between the Company and Subscribers.

     

    ARTICLE
IV

     

    CONCERNING
THE ESCROW AGENT

     

    4.1.        Duties and Responsibilities
of the Escrow Agent.  The Escrow Agent's duties and
responsibilities shall be subject to the following terms and
conditions:

     

    (a)           The
Subscribers and Company acknowledge and agree that the Escrow Agent (i) shall
not be responsible for or bound by, and shall not be required to inquire into
whether either the Subscribers or Company is entitled to receipt of the Company
Documents and Subscriber Documents pursuant to any other agreement or otherwise;
(ii) shall be obligated only for the performance of such duties as are
specifically assumed by the Escrow Agent pursuant to this Agreement; (iii) may
rely on and shall be protected in acting or refraining from acting upon any
written notice, instruction, instrument, statement, request or document
furnished to it hereunder and believed by the Escrow Agent in good faith to be
genuine and to have been signed or presented by the proper person or party,
without being required to determine the authenticity or correctness of any fact
stated therein or the propriety or validity or the service thereof; (iv) may
assume that any person believed by the Escrow Agent in good faith to be
authorized to give notice or make any statement or execute any document in
connection with the provisions hereof is so authorized; (v) shall not be under
any duty to give the property held by Escrow Agent hereunder any greater degree
of care than Escrow Agent gives its own similar property; and (vi) may consult
counsel satisfactory to Escrow Agent, the opinion of such counsel to be full and
complete authorization and protection in respect of any action taken, suffered
or omitted by Escrow Agent hereunder in good faith and in accordance with the
opinion of such counsel.

    
      
         

      

      
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    (b)           The
Subscribers and Company acknowledge that the Escrow Agent is acting solely as a
stakeholder at their request and that the Escrow Agent shall not be liable for
any action taken by Escrow Agent in good faith and believed by Escrow Agent to
be authorized or within the rights or powers conferred upon Escrow Agent by this
Agreement.  The Subscribers and Company, jointly and severally, agree
to indemnify and hold harmless the Escrow Agent and any of Escrow Agent's
partners, employees, agents and representatives for any action taken or omitted
to be taken by Escrow Agent or any of them hereunder, including the fees of
outside counsel and other costs and expenses of defending itself against any
claim or liability under this Agreement, except in the case of gross negligence
or willful misconduct on Escrow Agent's part committed in its capacity as Escrow
Agent under this Agreement.  The Escrow Agent shall owe a duty only to
the Subscribers and Company under this Agreement and to no other
person.

     

    (c)           The
Subscribers and Company jointly and severally agree to reimburse the Escrow
Agent for outside counsel fees, to the extent authorized hereunder and incurred
in connection with the performance of its duties and responsibilities
hereunder.

     

    (d)           The
Escrow Agent may at any time resign as Escrow Agent hereunder by giving five (5)
days prior written notice of resignation to the Subscribers and the
Company.  Prior to the effective date of the resignation as specified
in such notice, the Subscribers and Company will issue to the Escrow Agent a
Joint Instruction authorizing delivery of the Company Documents and Subscriber
Documents to a substitute Escrow Agent selected by the Subscribers and
Company.  If no successor Escrow Agent is named by the Subscribers and
Company, the Escrow Agent may apply to a court of competent jurisdiction in the
State of New York for appointment of a successor Escrow Agent, and to deposit
the Company Documents and Subscriber Documents with the clerk of any such
court.

     

    (e)           Other
than in connection with the Subscriber Legal Fees, the Escrow Agent does not
have and will not have any interest in the Company Documents and Subscriber
Documents, but is serving only as escrow agent, having only possession
thereof.  The Escrow Agent shall not be liable for any loss resulting
from the making or retention of any investment in accordance with this Escrow
Agreement.

     

    (f)           This
Agreement sets forth exclusively the duties of the Escrow Agent with respect to
any and all matters pertinent thereto and no implied duties or obligations shall
be read into this Agreement.

     

    (g)           The
Escrow Agent shall be permitted to act as counsel for the Subscribers in any
dispute as to the disposition of the Company Documents and Subscriber Documents,
in any other dispute between the Subscribers and Company, whether or not
the Escrow Agent is then holding the Company Documents and Subscriber Documents
and continues to act as the Escrow Agent hereunder.

     

    (h)           The
provisions of this Section 4.1 shall
survive the resignation of the Escrow Agent or the termination of this
Agreement.

    
      
         

      

      
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    4.2.        Dispute Resolution:
Judgments.  Resolution of disputes arising under this Agreement
shall be subject to the following terms and conditions:

     

    (a)           If
any dispute shall arise with respect to the delivery, ownership, right of
possession or disposition of the Company Documents and Subscriber Documents, or
if the Escrow Agent shall in good faith be uncertain as to its duties or rights
hereunder, the Escrow Agent shall be authorized, without liability to anyone, to
(i) refrain from taking any action other than to continue to hold the Company
Documents and Subscriber Documents pending receipt of a Joint Instruction from
the Subscribers and Company, or (ii) deposit the Company Documents and
Subscriber Documents with any court of competent jurisdiction in the State of
New York, in which event the Escrow Agent shall give written notice thereof to
the Subscribers and the Company and shall thereupon be relieved and discharged
from all further obligations pursuant to this Agreement.  The Escrow
Agent may, but shall be under no duty to, institute or defend any legal
proceedings which relate to the Company Documents and Subscriber
Documents.  The Escrow Agent shall have the right to retain counsel if
it becomes involved in any disagreement, dispute or litigation on account of
this Agreement or otherwise determines that it is necessary to consult
counsel.

     

    (b)           The
Escrow Agent is hereby expressly authorized to comply with and obey any Court
Order.  In case the Escrow Agent obeys or complies with a Court Order,
the Escrow Agent shall not be liable to the Subscribers and Company or to any
other person, firm, corporation or entity by reason of such
compliance.

     

    ARTICLE
V

     

    GENERAL
MATTERS

     

    5.1.        Termination.  This
escrow shall terminate upon the release of all of the Company Documents and
Subscriber Documents or at any time upon the agreement in writing of the
Subscribers and Company.

     

    5.2.        Notices.   All
notices, demands, requests, consents, approvals, and other communications
required or permitted hereunder shall be in writing and, unless otherwise
specified herein, shall be (i) personally served, (ii) deposited in the mail,
registered or certified, return receipt requested, postage prepaid, (iii)
delivered by reputable air courier service with charges prepaid, or (iv)
transmitted by hand delivery, telegram, or facsimile, addressed as set forth
below or to such other address as such party shall have specified most recently
by written notice.  Any notice or other communication required or
permitted to be given hereunder shall be deemed effective (a) upon hand delivery
or delivery by facsimile, with accurate confirmation generated by the
transmitting facsimile machine, at the address or number designated below (if
delivered on a business day during normal business hours where such notice
is to be received), or the first business day following such delivery (if
delivered other than on a business day during normal business hours where such
notice is to be received) or (b) on the second business day following the date
of mailing by express courier service, fully prepaid, addressed to such address,
or upon actual receipt of such mailing, whichever shall first
occur.  The addresses for such communications shall be:

     

    (a)           If
to the Company, to:

    

    Mesa Energy Holdings, Inc.

    5220 Spring Valley Road, Suite
525

    Dallas, TX 75254

    Attn: Randy M. Griffin,
CEO

    Fax: (760) ___________

    
      
         

      

      
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    With a copy by facsimile only
to:

    

    Gottbetter & Partners,
LLP

    488 Madison Avenue, 12th
Floor

    New York, NY 10022

    Attn: Adam S. Gottbetter,
Esq.

    Fax: (212) 400-6901

    

    (b)           If
to the Subscribers: to the addresses set forth on Schedule I

    

    With a copy by facsimile only
to:

     

    Grushko
& Mittman, P.C.

    551 Fifth
Avenue, Suite 1601

    New York,
New York 10176

    Fax:
212-697-3575

     

    
      	
              (c)

            	
              If
      to the Escrow Agent, to:

            

    

     

    Grushko
& Mittman, P.C.

    551 Fifth
Avenue, Suite 1601

    New York,
New York 10176

    Fax:
212-697-3575

     

    or to
such other address as any of them shall give to the others by notice made
pursuant to this Section
5.2.

     

    5.3.         Interest.  The
Escrowed Payment shall not be held in an interest bearing account nor will
interest be payable in connection therewith.  In the event the
Escrowed Payment is deposited in an interest bearing account, the Subscribers
shall be entitled to receive any accrued interest thereon, but only if the
Escrow Agent receives from the Subscriber the Subscribers’ United States
taxpayer identification number and other requested information and
forms.

     

    5.4.         Assignment; Binding
Agreement.  Neither this Agreement nor any right or obligation
hereunder shall be assignable by any party without the prior written consent of
the other parties hereto.  This Agreement shall enure to the benefit
of and be binding upon the parties hereto and their respective legal
representatives, successors and assigns.

     

    5.5.         Invalidity.  In
the event that any one or more of the provisions contained herein, or the
application thereof in any circumstance, is held invalid, illegal, or
unenforceable in any respect for any reason, the validity, legality and
enforceability of any such provision in every other respect and of the remaining
provisions contained herein shall not be in any way impaired thereby, it being
intended that all of the rights and privileges of the parties hereto shall be
enforceable to the fullest extent permitted by law.

     

    5.6.         Counterparts/Execution.  This
Agreement may be executed in any number of counterparts and by different
signatories hereto on separate counterparts, each of which, when so executed,
shall be deemed an original, but all such counterparts shall constitute but one
and the same instrument.  This Agreement may be executed by facsimile
transmission and delivered by facsimile transmission.

    
      
         

      

      
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    5.7.         Agreement.  Each
of the undersigned states that he has read the foregoing Escrow Agreement and
understands and agrees to it.

    

    “COMPANY”

    MESA
ENERGY HOLDINGS, INC.

    a
Delaware corporation

     

    
      
        	
                By:

              	
                /s/ Randy M.
      Griffin

              	 
      
	 
      	 
      	 
      
	
                Its:

              	
                Chief Executive Officer

              	 
      

      

    

     

    “SUBSCRIBERS”

     

    
      
        
          	
                      

                	 
      	
                      

                

        

      

    

     

     

    
      
        	 
      	
                ESCROW
      AGENT:

              
	 
      	 
      
	 
      	
                GRUSHKO
      & MITTMAN, P.C.

              
	 
      	 
      
	 
      	 
      
	 
      	
                By:

              	
                   

              
	 
      	 
      	
                Name:

              

      

    

     

    
      
         

      

      
        8EXECUTIVE
EMPLOYMENT AGREEMENT

       

      This
Executive Employment Agreement (this “Agreement”) is made as of August 31, 2009
(the “Effective Date”) between MESA ENERGY HOLDINGS, INC., a Delaware
corporation (the “Company”) having its principal offices at 5220 Spring Valley
Road, Suite 525, Dallas, Texas, and RANDY M. GRIFFIN (the “Executive”), an
individual residing at 4021 Mildenhall Drive, Plano, Texas 75093.

       

      WITNESSETH:

       

      WHEREAS,
the Executive desires to be employed by the Company as its Chief Executive
Officer and the Company wishes to employ the Executive in such
capacity;

       

      NOW,
THEREFORE, in consideration of the foregoing recitals and the respective
covenants and agreements of the parties contained in this document, the Company
and the Executive hereby agree as follows:

       

      1.           Employment and
Duties.  The Company agrees to employ and the Executive agrees
to serve as the Company’s Chief Executive Officer and Chairman of its Board of
Directors (the “Board”).  The duties and responsibilities of the
Executive shall include such duties and responsibilities as the Board may from
time to time reasonably assign to the Executive.

       

      The
Executive shall devote a significant amount of his working time and efforts
during the Company’s normal business hours to the business and affairs of the
Company and its subsidiaries and to the diligent and faithful performance of the
duties and responsibilities duly assigned to him pursuant to this
Agreement.  The particular job responsibilities of the Executive are
set forth in Exhibit A attached hereto.

       

      2.           Term.  The
term of this Agreement shall commence on the Effective Date and shall continue
for a period of three (3) years and shall be automatically renewed for
successive one year periods thereafter unless either party provides the other
party with written notice of his or its intention not to renew this Agreement at
least three months prior to the expiration of the initial term or any renewal
term of this Agreement.  “Employment Period” shall mean the initial
three year term plus renewals, if any.  In any event, the Employment
Period may be terminated as hereinafter provided.

       

      3.           Place of
Employment.  The Executive’s services shall be performed at the
Company’s offices that will be located in the State of Texas, and any other
locus where the Company now or hereafter has a business facility.  The
parties acknowledge, however, that the Executive may be required to travel in
connection with the performance of his duties hereunder.

       

      4.           Base
Salary.  For all services to be rendered by the Executive
pursuant to this Agreement, the Company agrees to pay the Executive during the
Employment Period a base salary (the “Base Salary”) at an annual rate of
$120,000 for the first year of the Employment Period, $150,000 for the second
year of the Employment Period and $180,000 for the third year of the Employment
Period and any years thereafter unless adjusted by the Board within its sole
discretion.  The Base Salary shall be paid in periodic installments in
accordance with the Company’s regular payroll practices.

      
        
           

        

        
          
          

          
            

          

        

        
           

        

      

       

      5.           Expenses.  The
Executive shall be entitled to prompt reimbursement by the Company for all
reasonable ordinary and necessary travel, entertainment and other expenses
incurred by the Executive while employed (in accordance with the policies and
procedures established by the Company for its senior executive officers) in the
performance of his duties and responsibilities under this Agreement; provided,
that the Executive shall properly account for such expenses in accordance with
Company policies and procedures.

       

      6.           Other
Benefits.  During the term of this Agreement, the Executive
shall be eligible to participate in incentive, savings, retirement (401(k)) and
welfare benefit plans, including, without limitation, health, medical, dental,
vision, life (including accidental death and dismemberment) and disability
insurance plans (collectively, the “Benefit Plans”), in substantially the same
manner and at substantially the same levels as the Company makes such
opportunities available to the Company’s managerial or salaried executive
employees.

       

      7.           Vacation.  During
the term of this Agreement, the Executive shall be entitled to accrue, on a pro
rata basis, paid vacation days per year in accordance with standard policy to be
established by the Company.  The Executive shall be entitled to carry
over any accrued, unused vacation days from year to year without
limitation.

       

      8.           Stock
Options.  The Board shall determine, from time to time, in its
discretion whether and to what extent the Executive may participate in any stock
or option plan hereafter adopted by the Company.

       

      9.           Termination of
Employment.  Any other provisions of this Agreement to the
contrary notwithstanding, the Executive’s employment may be terminated under the
following conditions:

       

      (a)           Death.  If
the Executive dies during the Employment Period, this Agreement and the
Executive’s employment with the Company shall automatically terminate and the
Company shall have no further obligations to the Executive or his heirs,
administrators or executors with respect to compensation and benefits accruing
thereafter, except for the obligation to pay to the Executive’s heirs,
administrators or executors any earned but unpaid Base Salary, unpaid pro rata annual bonus, if
any, and unused vacation days accrued through the date of death and
reimbursement of any and all reasonable expenses paid or incurred by the
Executive in connection with and related to the performance of his duties and
responsibilities for the Company during the period ending on the termination
date.  The Company shall deduct, from all payments made hereunder, all
applicable taxes, including income tax, FICA and FUTA, and other appropriate
deductions.  In addition, the Executive’s spouse and minor children
shall be entitled to continued coverage, at the Company’s expense, under all
health, medical, dental and vision insurance plans in which the Executive was a
participant immediately prior to his last date of employment with the Company
for a period of one year following the death of the Executive.

      
        
           

        

        
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      (b)           Disability.  In
the event that, during the term of this Agreement, the Executive shall be
prevented from performing his duties and responsibilities hereunder to the full
extent required by the Company by reason of Disability (as defined below) this
Agreement and the Executive’s employment with the Company shall automatically
terminate and the Company shall have no further obligations or liability to the
Executive or his heirs, administrators or executors with respect to compensation
and benefits accruing thereafter, except for the obligation to pay the Executive
or his heirs, administrators or executors any earned but unpaid Base Salary,
unpaid pro rata annual
bonus, if any, and unused vacation days accrued through the Executive’s last
date of employment with the Company and reimbursement of any and all reasonable
expenses paid or incurred by the Executive in connection with and related to the
performance of his duties and responsibilities for the Company during the period
ending on the termination date.  The Company shall deduct, from all
payments made hereunder, all applicable taxes, including income tax, FICA and
FUTA, and other appropriate deductions through the last date of the Executive’s
employment with the Company.  For purposes of this Agreement,
“Disability” shall mean a physical or mental disability that prevents the
performance by the Executive, with or without reasonable accommodation, of his
duties and responsibilities hereunder for a period of not less than an aggregate
of three months during any twelve consecutive months.

       

      (c)           Cause.

       

      (1)           At
any time during the Employment Period, the Company may terminate this Agreement
and the Executive’s employment hereunder for Cause.  For purposes of
this Agreement, “Cause” shall mean: (a) the willful and continued failure of the
Executive to perform substantially his duties and responsibilities for the
Company (other than any such failure resulting from a Disability) after a
written demand by the Board for substantial performance is delivered to the
Executive by the Company, which specifically identifies the manner in which the
Board believes that the Executive has not substantially performed his duties and
responsibilities, which willful and continued failure is not cured by the
Executive within 30 days of his receipt of such written demand; (b) the
conviction of, or plea of guilty or nolo contendere to, a felony,
(c), violation of Sections 10 or 11 of this Agreement, or (d) fraud, dishonesty
or gross misconduct which is materially and demonstratively injurious to the
Company.  Termination under Section 9(c)(1)(b), 9(c)(1)(c) or
9(c)(1)(d) above shall not be subject to cure.

       

      (2)           Upon
termination of this Agreement for Cause, the Company shall have no further
obligations or liability to the Executive or his heirs, administrators or
executors with respect to compensation and benefits thereafter, except for the
obligation to pay the Executive any earned but unpaid Base Salary, unused
vacation days accrued through the Executive’s last date of employment with the
Company and reimbursement of any and all reasonable expenses paid or incurred by
the Executive in connection with and related to the performance of his duties
and responsibilities for the Company during the period ending on the termination
date.  The Company shall deduct, from all payments made hereunder, all
applicable taxes, including income tax, FICA and FUTA, and other appropriate
deductions.

      
        
           

        

        
          3

          
            

          

        

        
           

        

      

      (d)           Change of
Control.  For purposes of this Agreement, “Change of Control”
shall mean the occurrence of any one or more of the following: (i) the
accumulation, whether directly, indirectly, beneficially or of record, by any
individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2)
of the Securities Exchange Act of 1934, as amended) of 50% or more of the shares
of the outstanding equity securities of the Company, (ii) a merger or
consolidation of the Company in which the Company does not survive as an
independent company or upon the consummation of which the holders of the
Company’s outstanding equity securities prior to such merger or consolidation
own less than 50% of the outstanding equity securities of the Company after such
merger or consolidation, or (iii) a sale of all or substantially all of the
assets of the Company; provided, however, that the following acquisitions shall
not constitute a Change of Control for the purposes of this Agreement: (A) any
acquisitions of common stock or securities convertible into common stock
directly from the Company, or (B) any acquisition of common stock or securities
convertible into common stock by any employee benefit plan (or related trust)
sponsored by or maintained by the Company.

       

      (e)           Good
Reason.

       

      (1)           At
any time during the term of this Agreement, subject to the conditions set forth
in Section 9(e)(2) below, the Executive may terminate this Agreement and the
Executive’s employment with the Company for “Good Reason.”  For
purposes of this Agreement, “Good Reason” shall mean the occurrence of any of
the following events: (A) the assignment, without the Executive’s consent, to
the Executive of duties that are significantly different from, and that result
in a substantial diminution of, the duties that he assumed on the Effective
Date; (B) the assignment, without the Executive’s consent, to the Executive of a
title that is different from and subordinate to the title Chief Executive
Officer; (C) any termination of the Executive’s employment by the Company, other
than a termination for Cause, within 12 months after a Change of Control; (D)
the assignment, without the Executive’s consent, to the Executive of duties that
are significantly different from, and that result in a substantial diminution
of, the duties that he assumed as Chief Executive Officer on the Effective Date
within 12 months after a Change of Control; or (E) material breach by the
Company of this Agreement.

       

      (2)           The
Executive shall not be entitled to terminate this Agreement for Good Reason
unless and until he shall have delivered written notice to the Company of his
intention to terminate this Agreement and his employment with the Company for
Good Reason, which notice specifies in reasonable detail the circumstances
claimed to provide the basis for such termination for Good Reason, and the
Company shall not have eliminated the circumstances constituting Good Reason
within 30 days of its receipt from the Executive of such written
notice.

       

      (3)           In
the event that the Executive terminates this Agreement and his employment with
the Company for Good Reason, the Company shall pay or provide to the Executive
(or, following his death, to the Executive’s heirs, administrators or
executors): (A) any earned but unpaid Base Salary, unpaid pro rata annual bonus, if
any, and unused vacation days accrued through the Executive’s last day of
employment with the Company; (B) continued coverage, at the Company’s expense,
under all Benefits Plans in which the Executive was a participant immediately
prior to his last date of employment with the Company, or, in the event that any
such Benefit Plans do not permit coverage of the Executive following his last
date of employment with the Company, under benefit plans that provide no less
coverage than such Benefit Plans, for a period of one year following the
termination of employment; and (C) reimbursement of any and all reasonable
expenses paid or incurred by the Executive in connection with and related to the
performance of his duties and responsibilities for the Company during the period
ending on the termination date.  All payments due hereunder shall be
payable according to the Company’s standard payroll procedures.  The
Company shall deduct, from all payments made hereunder, all applicable taxes,
including income tax, FICA and FUTA, and other appropriate
deductions.

      
        
           

        

        
          4

          
            

          

        

        
           

        

      

       

      (f)           Without “Good Reason” by the
Executive or “Cause” by the Company.

       

      (1)           By the
Executive.  At any time during the term of this Agreement, the
Executive shall be entitled to terminate this Agreement and the Executive’s
employment with the Company without Good Reason by providing prior written
notice of at least 30 days to the Company.  The Executive’s failure to
renew the term of this Agreement pursuant to Section 2 hereof shall be deemed a
termination by the Executive without Good Reason, and no additional notice shall
be required other than that provided for in Section 2.  Upon
termination by the Executive of this Agreement and the Executive’s employment
with the Company without Good Reason, the Company shall have no further
obligations or liability to the Executive or his heirs, administrators or
executors with respect to compensation and benefits thereafter, except for the
obligation to pay the Executive any earned but unpaid Base Salary, unused
vacation days accrued through the Executive’s last day of employment with the
Company and reimbursement of any and all reasonable expenses paid or incurred by
the Executive in connection with and related to the performance of his duties
and responsibilities for the Company during the period ending on the termination
date.  The Company shall deduct, from all payments made hereunder, all
applicable taxes, including income tax, FICA and FUTA, and other appropriate
deductions.

       

      (2)           By the
Company.  At any time during the term of this Agreement, the
Company shall be entitled to terminate this Agreement and the Executive’s
employment with the Company without Cause by providing prior written notice of
at least 30 days to the Executive.  The Company’s failure to renew the
term of this Agreement pursuant to Section 2 hereof shall be deemed a
termination by the Company without Cause, and no additional notice shall be
required other than that provided for in Section 2.  Upon termination
by the Company of this Agreement and the Executive’s employment with the Company
without Cause, the Company shall pay or provide to the Executive (or, following
his death, to the Executive’s heirs, administrators or
executors):  (A) any earned but unpaid Base Salary, unpaid pro rata annual bonus, if
any, and unused vacation days accrued through the Executive’s last day of
employment with the Company; (B) continued coverage, at the Company’s expense,
under all Benefits Plans in which the Executive was a participant immediately
prior to his last date of employment with the Company, or, in the event that any
such Benefit Plans do not permit coverage of the Executive following his last
date of employment with the Company, under benefit plans that provide no less
coverage than such Benefit Plans, for a period of one year following the
termination of employment; and (C) reimbursement of any and all reasonable
expenses paid or incurred by the Executive in connection with and related to the
performance of his duties and responsibilities for the Company during the period
ending on the termination date.  All payments due hereunder shall be
payable according to the Company’s standard payroll procedures.  The
Company shall deduct, from all payments made hereunder, all applicable taxes,
including income tax, FICA and FUTA, and other appropriate
deductions.

      
        
           

        

        
          5

          
            

          

        

        
           

        

      

       

      10.           Confidential
Information.

       

      (a)           The
Executive expressly acknowledges that, in the performance of his duties and
responsibilities with the Company, he has been exposed since prior to the
Effective Date, and will be exposed, to the trade secrets, business and/or
financial secrets and confidential and proprietary information of the Company,
its affiliates and/or its clients, business partners or customers (“Confidential
Information”).  The term “Confidential Information” includes
information or material that has actual or potential commercial value to the
Company, its affiliates and/or its clients, business partners or customers and
is not generally known to and is not readily ascertainable by proper means to
persons outside the Company, its affiliates and/or its clients or
customers.  However, Confidential Information shall not include
pre-existing information known to the Executive and not learned during the
course of employment.

       

      (b)           Except
as authorized in writing by the Board, during the performance of the Executive’s
duties and responsibilities for the Company and until such time as any such
Confidential Information becomes generally known to and readily ascertainable by
proper means to persons outside the Company, its affiliates and/or its clients,
business partners or customers, the Executive agrees to keep strictly
confidential and not use for his personal benefit or the benefit to any other
person or entity (other than the Company) the Confidential
Information.  “Confidential Information” includes, without limitation,
the following, whether or not expressed in a document or medium, regardless of
the form in which it is communicated, and whether or not marked “trade secret”
or “confidential” or any similar legend:  (i) lists of and/or
information concerning customers, prospective customers, suppliers, employees,
consultants, co-venturers and/or joint venture candidates of the Company, actual
or prospective distributors, its affiliates or its clients or customers; (ii)
information submitted by customers, prospective customers, suppliers, employees,
distributors, consultants and/or co-venturers of the Company, its affiliates
and/or its clients or customers; (iii) non-public information proprietary to the
Company, its affiliates and/or its clients or customers, including, without
limitation, cost information, profits, sales information, prices, accounting,
unpublished financial information, business plans or proposals, expansion plans
(for current and proposed facilities), markets and marketing methods,
advertising and marketing strategies, administrative procedures and manuals, the
terms and conditions of the Company’s contracts and trademarks and patents under
consideration, distribution channels, franchises, investors, sponsors and
advertisers; (iv) proprietary technical information and/or intellectual property
concerning or relating to products and services of the Company, its affiliates
and/or its clients, business partners or customers, including, without
limitation, product data and specifications, diagrams, flow charts, know how,
processes, designs, formulae, inventions and product development; (v) lists of
and/or information concerning applicants, candidates or other prospects for
employment, independent contractor or consultant positions at or with any actual
or prospective customer or client of the Company and/or its affiliates, any and
all confidential processes, inventions or methods of conducting business of the
Company, its affiliates and/or its clients, business partners or customers; (vi)
acquisition or merger targets; (vii) business plans or strategies, data,
records, financial information or other trade secrets concerning the actual or
contemplated business, strategic alliances, policies or operations of the
Company or its affiliates; or (viii) any and all versions of proprietary
computer software (including source and object code), hardware, firmware, code,
discs, tapes, data listings and documentation of the Company; or (ix) any other
confidential information disclosed to the Executive by, or which the Executive
obligated under a duty of confidence from, the Company, its affiliates, and/or
its clients, business partners or customers.

      
        
           

        

        
          6

          
            

          

        

        
           

        

      

       

      (c)           The
Executive affirms that he does not possess and will not rely upon the protected
trade secrets or confidential or proprietary information of any prior
employer(s) in providing services to the Company.

       

      (d)           In
the event that the Executive’s employment with the Company terminates for any
reason, the Executive shall deliver forthwith to the Company any and all
originals and copies, including those in electronic or digital formats, of the
Confidential Information.

       

      11.           Right of First Offer,
Non-Compete and Non-Solicitation.

       

      (a)           The
Executive agrees that if he obtains an opportunity to develop, acquire and/or
invest in oil and/or gas wells or properties located in the state of New York or
elsewhere in the Appalachian Basin (the “Territory”), that it will first offer
to the Company the opportunity to acquire and/or invest in such interests (the
“Offer”) prior to directly and/or indirectly proceeding with such opportunity
for his own account.  The Company shall have a period of thirty (30)
days from the receipt of written notice to elect whether it desires to accept
the Offer, and absent an affirmative decision of the Company, in writing to
accept the Offer, the Executive shall be permitted to pursue same for his own
account.

       

      (b)           The
Executive will not hold, accept or otherwise acquire any position with another
entity, as a shareholder, partner, consultant, officer or director, which such
position imposes on him, or may impose upon him in the future, a duty which
could result in a conflict of interest arising between the Executive and the
Company respecting any aspect of oil and gas exploration and production,
including, without limitation, acquisition or divestiture of properties, access
to financing and personnel, except that the Executive
shall be permitted to engage in non-competitive consulting activities with other
exploration and/or production companies, not to exceed in the aggregate twenty
(20) days in any calendar year, and provided that the activities are
non-competitive with the Company and approved in advance by the Company’s Board
in writing.

       

      (c)           In
the event that the Executive terminates his employment and the Company is not in
default of any material provision of this Agreement, the Executive shall not,
directly or indirectly, own, manage, operate, finance, control or participate in
the ownership, management, operation, financing, or control of, be employed by,
associated with, or in any manner connected with, lend any credit to, or render
services or advice to any business, firm, corporation, partnership, association,
joint venture or other entity that engages in or conducts the business of oil
and gas exploration or any other business the same as or substantially similar
to the business then engaged in or conducted by, or then proposed to be engaged
in or conducted by, the Company or included in the future strategic plan of the
Company, anywhere within those states where the Company owns or operates
properties at the time the Executive terminates his employment with the Company;
provided, however, that the
Executive may own less than 5% of the outstanding shares of any class of
securities of any enterprise (but without otherwise participating in the
activities of such enterprise) if such securities are listed on any national or
regional securities exchange or have been registered under Section 12(g) of the
Securities Exchange Act of 1934, as amended.  This restriction on the
Executive’s activities shall terminate twelve (12) months from the date of such
termination.  In the event that the Company shall merge or be acquired
or if this Agreement is otherwise assigned by the Company to another entity, the
Executive expressly consents to the assignment of this provision to such
successor or assignee.

      
        
           

        

        
          7

          
            

          

        

        
           

        

      

       

      (d)           For
a period of one (1) year after the termination of his employment, the Executive
shall not:

       

      (1)           Recruit,
solicit or hire, or attempt to recruit, solicit or hire, any employee, or
independent contractor of the Company to leave the employment (or independent
contractor relationship) thereof, whether or not any such employee or
independent contractor is party to an employment agreement;

       

      (2)           Attempt
in any manner to solicit or accept from any customer of the Company, with whom
the Company had significant contact during the term of the Agreement, business
of the kind or competitive with the business done by the Company with such
customer or to persuade or attempt to persuade any such customer to cease to do
business or to reduce the amount of business which such customer has customarily
done or is reasonably expected to do with the Company, or if any such customer
elects to move its business to a person other than the Company, provide any
services (of the kind or competitive with the business of the Company) for such
customer, or have any discussions regarding any such service with such customer,
on behalf of such other person; or

       

      (3)           Interfere
with any relationship, contractual or otherwise, between the Company and any
other party, including, without limitation, any supplier, distributor,
co-venturer or joint venturer of the Company to discontinue or reduce its
business with the Company or otherwise interfere in any way with the business of
the Company.

       

      12.           Construction and Enforcement
of Sections 10 and 11.  The parties hereto recognize and
acknowledge that the provisions of Sections 10 and 11 are of great importance
and value to the Company.  The Executive recognizes that the
provisions of Sections 10 and 11 are necessary for the Company's protection, are
reasonable restraints ancillary to the formation and organization of the
business and the retention of the Executive to run the business, and that the
Company would be irreparably damaged by a breach thereof and would not be
adequately compensated by monetary damages.  The Company, therefore,
in addition to its other remedies, shall be entitled to an injunction from any
court having jurisdiction restraining any violation or threatened violation of
the provisions of Sections 10 and 11, without the necessity of proving monetary
damages, without the necessity of proving that monetary damages would be
insufficient, and without the necessity of posting a bond.  If any
provision of Sections 10 and 11 is held to be unenforceable because of the
scope, duration or area of its applicability, the court making such
determination shall have the power to modify such scope, duration or area, or
all of them, and such provision shall then be applicable in such modified
form.  If any provision of Sections 10 and 11 shall be held to be
invalid, prohibited or unenforceable in any jurisdiction for any reason, such
provision, as to such jurisdiction, shall be ineffective to the extent of such
invalidity, prohibition or unenforceability, without invalidating the remaining
provisions of Sections 10 and 11 or affecting the validity or enforceability of
such provisions in any other jurisdiction

      
        
           

        

        
          8

          
            

          

        

        
           

        

      

       

      13.           Dispute
Resolution.  Any and all controversies, claims, or disputes
arising out of, relating to, or resulting from this Agreement shall be subject
to binding arbitration under the Delaware Uniform Arbitration Act for Commercial
Disputes (the “Act”) and pursuant to Delaware law.  Any arbitration
will be administered by the American Arbitration Association (“AAA”) in
accordance with its Rules for the Resolution of Commercial
Disputes.  The Executive agrees that the arbitrator shall have the
power to decide any motions brought by any party to the arbitration, including
motions for summary judgment and/or adjudication and motions to dismiss and
demurrers, prior to any arbitration hearing.  The Executive also
agrees the arbitrator shall have the power to award any remedies, including
attorneys’ fees and costs, available under applicable law.  The
Executive understands that each party shall bear its own costs and expenses,
including attorneys’ fees, incurred in connection with any
arbitration.  The decision of the arbitrator shall be in
writing.  Except as provided by the Act or as set forth herein,
arbitration shall be the sole, exclusive and final remedy for any dispute under
this Agreement.  Accordingly, except as provided by the Act or as set
forth herein, neither the Executive nor the Company will be permitted to pursue
court action regarding this Agreement.  In addition to the right under
the Act to petition the court for provisional relief, the Executive agrees that
any party may also petition the court for injunctive or other forms of relief
where either party alleges or claims a violation of the provisions of Section 10
or 11 of this Agreement or any confidential information or invention assignment
agreement between the Executive and the Company or any other agreement regarding
trade secrets, confidential information, non-solicitation.  In the
event either party seeks such injunctive or such other relief, the prevailing
party shall be entitled to recover reasonable costs and attorneys’
fees.

       

      14.           Release upon Termination or
Expiration.  In the event that the employment of the Executive
with the Company is terminated or expires for any reason, in exchange for
payment in full of all amounts owing to Executive under the terms of this
Agreement at the date of termination, the Executive shall execute and deliver to
the Company a general release in form to be determined by the Company, to the
effect that Executive acknowledges that receipt of any monies and benefits
pursuant to the terms of this Agreement is in full satisfaction of any and all
outstanding claims or entitlements which the Executive may otherwise have
against the Company, as well as the officers, directors, employees and agents of
the Company.

       

      15.           Notices.  For
purposes of this Agreement, notices and other communications provided for in
this Agreement shall be in writing and shall be delivered personally or sent by
United States certified mail, return receipt requested, postage prepaid, or by a
nationally recognized overnight courier, addressed as follows:

      

      
        
          
            	
                    If
      to the Executive:

                  	
                    RANDY
      M. GRIFFIN

                  
	 
      	
                    4021
      Mildenhall Drive

                  
	 
      	
                    Plano,
      Texas 75093

                  

          

        

      

      
        
           

        

        
          9

          
            

          

        

        
           

        

      

      

      
        
          	
                  If
      to the Company:

                	
                  MESA
      ENERGY HOLDINGS, INC.

                
	 
      	
                  Attention:  Chief
      Executive Officer

                
	 
      	
                  5220
      Spring Valley Road, Suite 525

                
	 
      	
                  Dallas,
      Texas 75254

                

        

      

       

      or to
such other address or the attention of such other person as the recipient party
has previously furnished to the other party in writing in accordance with this
paragraph.  Such notices or other communications shall be effective
upon delivery or, if earlier, three days after they have been mailed as provided
above.

       

      16.           No Violation. The
Executive hereby represents that his entry into this Agreement and performance
of his duties hereunder will not violate the terms or conditions of any other
agreement to which the Executive is a party or by which he is
bound.

       

      17.           Miscellaneous.

       

      (a)           All
issues and disputes concerning, relating to or arising out of this Agreement and
from the Executive’s employment by the Company, including, without limitation,
the construction and interpretation of this Agreement, shall be governed by and
construed in accordance with the internal laws of the State of New York, without
giving effect to that state’s principles of conflicts of law.

       

      (b)           The
Executive and the Company agree that any provision of this Agreement deemed
unenforceable or invalid may be reformed to permit enforcement of the
objectionable provision to the fullest permissible extent.  Any
provision of this Agreement deemed unenforceable after modification shall be
deemed stricken from this Agreement, with the remainder of the Agreement being
given its full force and effect.

       

      (c)           Failure
or delay on the part of either party hereto to enforce any right, power or
privilege hereunder shall not be deemed to constitute a waiver
thereof.  Additionally, a waiver by either party or a breach of any
promise hereof by the other party shall not operate as or be construed to
constitute a waiver of any subsequent waiver by such other party.

       

      (d)           The
Executive and the Company independently have made all inquiries regarding the
qualifications and business affairs of the other which either party deems
necessary.  The Executive affirms that he fully understands this
Agreement’s meaning and legally binding effect.  Each party has
participated fully and equally in the negotiation and drafting of this
Agreement.  Each party assumes the risk of any misrepresentation or
mistaken understanding or belief relied upon by him or it in entering into this
Agreement.

       

      (e)           The
Executive’s obligations under this Agreement are personal in nature and may not
be assigned by the Executive to any other person or entity.  This
Agreement shall be enforceable by the Company and its parents, affiliates,
successors and assigns, and the Company shall require any successors and assigns
to expressly assume and agree to perform this Agreement in the same manner and
to the same extent that the Company would be required to perform it if no such
succession or assignment had taken place.

      
        
           

        

        
          10

          
            

          

        

        
           

        

      

       

      (f)           This
instrument constitutes the entire Agreement between the parties regarding its
subject matter.  When signed by each of the parties, this Agreement
supersedes and nullifies all prior or contemporaneous conversations,
negotiations, or agreements, oral and written, regarding the subject matter of
this Agreement.  In any future construction of this Agreement, this
Agreement should be given its plain meaning.  This Agreement may be
amended only by a writing signed by the parties.

       

      (g)           This
Agreement may be executed in counterparts.  A counterpart transmitted
via facsimile and all executed counterparts, when taken together, shall
constitute sufficient proof of the parties’ entry into this
Agreement.  The parties agree to execute any further or future
documents which may be necessary to allow the full performance of this
Agreement.  This Agreement contains headings for ease of
reference.  The headings have no independent meaning.

       

      SIGNATURE
PAGE IMMEDIATELY FOLLOWS

       

      
        
          
          

        

        
          11

          
            

          

        

        
          
          

        

      

      IN
WITNESS WHEREOF, the Executive and the Company have caused this Executive
Employment Agreement to be executed as of the date first above
written.

      

      
        
          
            
              
                
                  
                    	
                            The
      Executive:

                          
	 
      
	
                            /s/ Randy M.
      Griffin                                                                 

                          
	
                            Name:
      Randy M. Griffin

                          
	 
	
                            The
      Company:

                          
	 
      
	
                            MESA
      ENERGY HOLDINGS, INC.,  a

                            Delaware
      corporation

                          
	 
      
	
                            By:

                          	
                            /s/ Ray L. Unruh

                          
	
                            Name:  Ray
      L. Unruh

                          
	
                            Title:  President

                          

                  

                

              

            

          

        

      

      
        
           

        

        
          12

          
            

          

        

        
           

        

      

      

      EXHIBIT
A

      

      JOB
RESPONSIBILITIES

      

      The CEO
will set and implement the strategic goals and objectives of the company and
will give direction and leadership toward the evaluation, acquisition, and
development of oil and gas properties.  He will formulate company
strategy for acquisition and expansion of the company’s lease base and will
direct all departments in order to expand the company’s development and
production.  He will direct and implement the company’s SEC compliance
and be the company’s primary contact with the investment
community.

      
        
           

        

        
          13

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