Document:

MANAGEMENT SERVICES AGREEMENT

MANAGEMENT SERVICES AGREEMENT

This Agreement dated as of April 15, 2005.

BETWEEN:

Gordon Wiltse, Businessman

603 – 1650 Bayshore Drive, Vancouver BC  V6G 3K2

(“WILTSE”)

AND:

Lions Petroleum Corp., a private company, having its offices located at

900 – 555 Burrard Street, Vancouver BC  V7X 1M8

(the “COMPANY”)

WHEREAS the “COMPANY” is a private company in the United States;

AND WHEREAS “WILTSE” is the President of the “COMPANY”;

AND WHEREAS this Agreement sets out the terms and conditions of agreement between “WILTSE and the “COMPANY” with respect to the provision of certain management, administrative and consulting services by “WILTSE” to the “COMPANY”.

NOW THEREFORE in consideration of the mutual covenants contained in this Agreement and other good and valuable consideration (the receipt and sufficiency of which is hereby acknowledged), the parties hereby agree as follows:

1.

Services:

a.

The “COMPANY” hereby engages “WILTSE” to provide to it management, administrative and consulting services which will include the presentation to the “COMPANY” of financing and investment strategies to be pursued by the “COMPANY” and the making of introductions to the “COMPANY” of persons/corporations capable of fulfilling those strategies.

b.

“WILTSE” agrees that he will devote a reasonable percentage of his time, attention and abilities during normal business hours to the duties described above and he will give to the “COMPANY” the full benefit of his knowledge, expertise, technical skill and ingenuity. “WILTSE” will act in good faith and in the best interests of the “COMPANY” and will adhere to all applicable policies of the “COMPANY” as may be implemented from time to time. 

2.

Compensation:

a.

As full and complete compensation for services rendered, the “COMPANY” will pay to “WILTSE” $5,000 per month, payable as of the first and fifteenth of each month during the term of this Agreement.

b.

Petty cash or other reasonable expenses incurred in the performance of “WILTSE’S” services will be reimbursed only on prior approval by the “COMPANY”

3.

Transportation and Accommodation:  Whenever the “COMPANY” requires “WILTSE” to travel more than 300 miles from Vancouver, BC, “WILTSE” will be provided with round-trip business-class air transportation, airport transfers and first-class living accommodations.

4.

Term:  This Agreement has a term of one (5) year and may be extended for further, successive one (5) year terms, upon mutual consent of the parties.

5.

Termination:  The “COMPANY” reserves the right to terminate this Agreement at any time upon two weeks written notice and payment of the balance of any compensation due to “WILTSE”. “WILTSE” will have the right to terminate this Agreement upon 2 (two) weeks written notice to the “COMPANY”.

6.

Ownership:  The “COMPANY” will own all rights in and to the results and proceeds of “WILTSE’S” services to and in connections with “WILTSE’S” work for the “COMPANY” If for any reason “WILTSE’S” results and proceeds are not deemed or determined to be owned by the “COMPANY”, then “WILTSE” unconditionally and irrevocably assigns, transfers and conveys all of his present and future right, title, benefit and interest in and to such results and proceeds to the “COMPANY”. “WILTSE” acknowledges that the “COMPANY” will have the right to modify, add to or delete from the results and proceeds of “WILTSE’S” services.

7.

Confidentiality:

a.

During the term of this Agreement and thereafter, “WILTSE” agrees to retain all confidential information developed, utilized or received by the “COMPANY” and any other related company, or confidential information that “WILTSE” acquires, sees or is informed of, as a result of his involvement with the “COMPANY”. “WILTSE” further agrees to maintain any such confidential information in the strictest confidence and not to disclose or permit the disclosure of confidential information in any manner other than in the course of his providing services to the “COMPANY” and for the benefit of the “COMPANY”, or as required by law or a regulatory authority having jurisdiction. “WILTSE” agrees not to use the confidential information for his own personal benefit or permit the confidential information to be used for the benefit of any person other than the “COMPANY”. The foregoing does not apply to any information that is presently in the public domain or any information that subsequently becomes part of the public domain through no fault of “WILTSE”.

b.

“WILTSE” agrees not to use or publish the “COMPANY’S” name in any fashion that may be detrimental to the “COMPANY” and/or its directors, employees and independent contractors, or give or release statements to any outside parties without the prior written consent of the “COMPANY”. “WILTSE” further agrees not to commit the “COMPANY” or promise or enter into any agreement using the “COMPANY’S” name without its prior written consent.

8.

Representations and warranties:  “WILTSE” represents and warrants that he has the full ability to perform the duties to be performed hereunder, and that he will perform such services as are customarily rendered by persons performing in such a capacity in a competent, conscientious and professional manner.

9.

Notices:  All cheques, moneys, correspondence, and notices will be sent care of the addresses on the first page of this Agreement.

10.

Remedies:  The “COMPANY” hereby irrevocably agrees that its remedies in the event of a failure or omission by “WILTSE” which constitutes a breach of this Agreement will be limited to an action at law for damages, if any, and that a breach by “WILTSE” will not be deemed irreparable or sufficient to entitle the “COMPANY” to enjoin, restrain or seek to enjoin or to seek any other equitable relief.

11.

Assignment:  “WILTSE” may not assign this Agreement or any part thereof or any of its rights under this Agreement without the prior written consent of the “COMPANY”. This Agreement enures to the benefit of and is binding up on the parties hereto and their respective heirs, executors, administrators, successors and permitted assigns.

12.

Regulatory Approval:  This Agreement and its contained provisions are subject to receipt of all applicable corporate and regulatory approvals. The parties hereto agree to use their reasonable best efforts to seek and obtain such approvals.

13.

Enurement:  This Agreement will enure to the benefit of and be binding upon the parties hereto and upon their successors and assigns and upon their executors, administrators and legal personal representatives.

14.

Gender:  Whenever the singular or masculine is used in this Agreement, the same will be construed as being the plural or feminine or neuter, as the context so requires.

15.

Entire Agreement:  This Agreement constitutes the entire agreement between the parties, unless so amended in writing and duly signed by all parties hereto.

16.

Governing Law:  The laws of the Province of British Columbia and Canada applicable will govern This Agreement thereto, and the parties hereby irrevocably attorn to the jurisdiction of the courts of British Columbia.

The parties hereto as of the date written above execute this Agreement.

LIONS PETROLEUM CORP.:

____________________________________________

Gordon L. Wiltse

____________________________________________

Authorized Signatory

1 of  4ADDENDUM #1 TO OPTION AGREEMENT

ADDENDUM #1 TO OPTION AGREEMENT

---------------------------------

This Addendum made this 31st day of December, 2007

BETWEEN:

SCOTT C. HOUGHTON, of Box 73575, 1014 Robson Street, Vancouver, BC V6E 4L9

OF THE FIRST PART

AND

BIG BEAR RESOURCES, INC. of 804 – 1238 Melville Street, Vancouver, BC V6E 4N2

OF THE SECOND PART

WHEREAS:

A.

On January 23, 2007, the Parties entered in an Option Agreement (the “Agreement”) for 

B.

The Parties have agreed to amend certain terms of the Agreement.

NOW, THEREFORE, this Addendum shall supersede and replace the following sections of the Agreement.

4.

Grant and Exercise of Option

(b)

The Option shall be exercised by the Optionee:

(iii)

incurring Exploration Expenditures of up to $32,000 US on the Property as follows:

(A)

$2,000 US on or before December 31, 2008;

(B)

A further $10,000 on or before June 30, 2009; and

(C)

A further $20,000 US on or before December 31, 2009.

IN WITNESS WHEREOF the Parties hereto have executed this Agreement as of the day and year first above written.

OPTIONOR:

OPTIONEE:

/s/ Scott C. Houghton

/s/ Scott C. Houghton

SCOTT C. HOUGHTON

BIG BEAR RESOURCES, INC.

BY:  SCOTT C. HOUGHTON, PRESIDENTFiled by Automated Filing Services Inc. (604) 609-0244 - Torrent Energy Corporation - Exhibit 10.1

Exhibit 10.1 

PROMISSORY NOTE 

	$25,000 	March 12, 2008 

          FOR
VALUE RECEIVED, Torrent Energy Corporation, a Colorado corporation
("Maker"), promises to pay to William A. Lansing, an individual
("Payee"), in lawful money of the United States of America, the principal
sum of Twenty-Five Thousand Dollars ($25,000), together with interest in arrears
on the unpaid principal balance at an annual rate equal to 8.0%, in the manner
provided below. Interest shall be calculated on the basis of a year of 365 days,
and charged for the actual number of days elapsed. Each determination by Payee
of an interest rate under this Note will be conclusive and binding for all
purposes, absent manifest error. 

1.      Payments

1.1    Principal and Interest 

          The
principal amount of this Note shall be due and payable in one payment on the
earlier of (i) the third business day following the completion of a financing
transaction resulting in aggregate proceeds to the Company of not less than
$200,000, or (ii) September 11, 2008. This payment shall be in the amount
necessary to pay in full the unpaid principal amount and all interest then
accrued on this Note. Any payment under this Note, at the option of the Payee,
may be applied first to any costs and expenses payable by the Maker under this
Note, then to interest then accrued under this Note, and then to principal. 

1.2    Manner of Payment

          All
payments of principal and interest on this Note shall be made by the Maker’s
company check, certified or bank cashier's check delivered to the Payee at the
address set forth for Payee in the Company's records, or at such other place in
the United States of America as Payee shall designate to Maker in writing or by
wire transfer of immediately available funds to an account designated by Payee
in writing. If any payment of principal or interest on this Note is due on a day
which is not a Business Day, such payment shall be due on the next succeeding
Business Day, and such extension of time shall be taken into account in
calculating the amount of interest payable under this Note. "Business Day" means
any day other than a Saturday, Sunday or legal holiday in the State of
Colorado.

1.3    Prepayment 

          Maker
may, without premium or penalty, at any time and from time to time, prepay all
or any portion of the outstanding principal balance due under this Note. Any
partial prepayments may be applied first to any costs and expenses payable by
the Maker under this Note, then to interest then accrued under this Note, and
then to installments of principal in inverse order of their maturity. 

2.      Defaults

2.1    Events of Default 

          The
occurrence of any one or more of the following events with respect to Maker
shall constitute an event of default hereunder ("Event of Default"): 

          (a)     
If Maker shall fail to pay when due any payment of principal or interest on this
Note and such failure continues for ten (10) days after Payee notifies Maker
thereof in writing. 

          (b)     
If, pursuant to or within the meaning of the United States Bankruptcy Code or
any other federal or state law relating to insolvency or relief of debtors (a
"Bankruptcy Law"), Maker shall (i) commence a voluntary case or
proceeding; (ii) consent to the entry of an order for relief against it in an
involuntary case; (iii) consent to the appointment of a trustee, receiver,
assignee, liquidator or similar official; (iv) make an assignment for the
benefit of its creditors; or (v) admit in writing its inability to pay its debts
as they become due. 

          (c)     
If a court of competent jurisdiction enters an order or decree under any
Bankruptcy Law that (i) is for relief against Maker in an involuntary case, (ii)
appoints a trustee, receiver, assignee, liquidator or similar official for Maker
or substantially all of Maker's properties, or (iii) orders the liquidation of
Maker, and in each case the order or decree is not dismissed within sixty-one
(61) days. 

2.2    Notice By Maker 

          Maker
shall notify Payee in writing within five (5) days after the occurrence of any
Event of Default of which Maker acquires knowledge. 

2.3    Remedies 

          Upon
the occurrence of an Event of Default hereunder (unless all Events of Default
have been cured or waived by Payee), Payee may, at its option, (i) by written
notice to Maker, declare the entire unpaid principal balance of this Note,
together with all accrued interest thereon, immediately due and payable
regardless of any prior forbearance, and (ii) exercise any and all rights and
remedies available to it under applicable law, including, without limitation,
the right to collect from Maker all sums due under this Note.

2.4    Collection Expenses 

          Maker
agrees to reimburse Payee on demand for all legal fees and other costs and
expenses incurred in collecting or enforcing this Note, together with interest
at the default rate specified in Section 2.5. Without limitation, such costs and
fees shall include fees, costs, and expenses incurred with or without suit and
in any appeal, any proceedings under any present or future Bankruptcy Law, and
any post-judgment collection proceedings. 

- 2 - 

2.5    Default Interest 

          Any
amount of principal or interest hereof that is not paid when due shall bear
interest from the day when due until said principal or interest amount is paid
in full, payable on demand, at an annual rate equal to twelve percent (12.0%) .

3.      Miscellaneous

3.1    Waiver 

          The
rights and remedies of Payee under this Note shall be cumulative and not
alternative. No waiver by Payee of any right or remedy under this Note shall be
effective unless in writing signed by Payee. Neither the failure nor any delay
in exercising any right, power or privilege under this Note will operate as a
waiver of such right, power or privilege. No single or partial exercise of any
such right, power or privilege by Payee will preclude any other or further
exercise of such right, power or privilege or the exercise of any other right,
power or privilege. No waiver that may be given by Payee will be applicable
except in the specific instance for which it is given. 

          Maker
hereby waives presentment, demand, protest and notice of dishonor and protest.
In addition, Maker hereby waives the benefit of every statute conferring upon
Maker any right or privilege or exemption, stay of execution, or the relief from
the enforcement of a judgment.

3.2     Notices 

          Any
notice to Maker under this Note shall be addressed to Torrent Energy
Corporation, 1 SW Columbia Street, Suite 640, Portland, Oregon, Attention: Chief
Financial Officer, or to such other address as Maker shall designate to Payee in
writing and shall be deemed to have been given on the date delivered in the case
of personal delivery or delivery via courier or, if mailed, one day after
deposited in first class or certified mail. 

3.3    Limitation of Interest and Charges

          Interest,
fees, and charges collected or to be collected under this Note shall not exceed
the maximum amounts permitted by any applicable law. If any interest, fee, or
charge would exceed the maximum, the interest, fee, or charge shall be reduced
by the excess and any sums already collected from Maker which exceed the maximum
will be refunded. Payee may choose to make the refund either by treating the
excess as prepayments of principal or by making a direct payment to Maker. 

3.4    Severability 

          If
any provision in this Note is held invalid or unenforceable by any court of
competent jurisdiction, the other provisions of this Note will remain in full
force and effect. Any provision of this Note held invalid or unenforceable only
in part or degree will remain in full force and effect to the extent not held
invalid or unenforceable. 

- 3 - 

3.5    Governing Law; Jurisdiction; Venue

          This
Note will be governed by the laws of the State of Colorado without regard to
conflicts of laws principles. If a lawsuit is commenced in connection with this
Note, venue for any such action shall lie in Portland, Oregon, and Maker
agrees, upon Payee's request, to submit to the jurisdiction of the state and
federal courts therein. 

3.6    Parties in Interest 

          This
Note shall bind Maker and its successors and assigns. This Note shall not be
assigned or transferred by Payee without the express prior written consent of
Maker, except by operation of law. 

3.7    Section Headings, Construction

          The
Section headings in this Note are provided for convenience only and will not
affect its construction or interpretation. All references to "Section" or
"Sections" refer to the corresponding Section or Sections of this Note unless
otherwise specified. 

          All
words used in this Note will be construed to be of such gender or number as the
circumstances require. Unless otherwise expressly provided, the words "hereof"
and "hereunder" and similar references refer to this Note in its entirety and
not to any specific section or subsection hereof. 

          IN
WITNESS WHEREOF, Maker has executed and delivered this Note as of the date first
stated above. 

TORRENT ENERGY CORPORATION 

 

By: /s/ John D. Carlson

Name:  John D. Carlson 
Title:    President and
Chief Executive Officer 

- 4 -

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