Document:

Uniontown Energy Inc.: Exhibit 10.1 - Filed by newsfilecorp.com

EXPLORATION AGREEMENT

This Exploration Agreement (the “Agreement”) is entered
into on April 8, 2011 (the “Effective Date”) between Longshot Oil, LLC,
(“Longshot”) and Union Town Energy Inc. (“Union Town”). Union Town
and Longshot may be referred to collectively as the “Parties” or either
of them individually as the “Party”.

The Parties are interested in conducting joint exploration
operations, including the drilling of exploratory or development wells, for the
discovery of and for the production of oil and/or gas in an area in Pondera
County, Montana.

In consideration of the premises and the mutual covenants and
agreements set out in this Agreement, the Parties agree as follows:

I. Definitions and Exhibits

“Area of Mutual Interest” or “AMI” means the area
in Pondera County, Montana, described as follows: Township 28 North, Range 5
West, all of Sections 4 through 9, 16 through 21, 28 through 33;

“Assignment Documents” mean documents for individual
assignments for each approximately 80-acre parcels of land within the Leases in
the form as set out in the Exhibit “E” to this Agreement attached hereto;

“Contract Properties” means the certain part of the land
under the Leases owned by Longshot within the AMI, on which the Parties are
currently drilling and assignment of which to Union Town has been executed by
Longshot and such assignment was either:

	Completed and Union Town is currently in possession of the Assignment
  Documents; 

or 

	The Assignment Documents are being held by the Escrow Agent with the
  intention to be released to Union Town once terms and conditions of this
  Agreement and the Escrow Agreement are satisfied; 

“Escrow Agent” means Holmes & Company, a law firm
with its offices at 1880 – 1066 West Hastings Street, Vancouver British
Columbia, Canada;

“Escrow Agreement” means an agreement between Longshot,
Union Town and the Escrow Agent;

“Leases” mean the leases owned by Longshot within the
AMI, which in more detail are set out in the Exhibit “D” to this Agreement
attached hereto;

“Payout” means the point in time when Union Town has
received, from the production of hydrocarbons from the applicable well, revenues
(less all royalties, production and severance taxes) equal to the costs incurred to drill, complete, equip
and operate the well, together with, in the case of the initial test well, the
amount of $300,000.00 paid in accordance with the section III.1.

“Test Well” means the first well the drilling of which
is commenced during the term of this Agreement at a location on land which, on
the date of the commencement of the drilling of the well, constitutes a part of
the Contract Properties.

Other Definitions 

Any words or expressions define otherwise in this Agreement
including the exhibits shall have the meanings respectively assigned to them
notwithstanding that such definition does not appear in this section. When used
in the Exhibits annexed hereto, terms defined in this Agreement shall have the
same meaning unless the Exhibit expressly otherwise define such terms. In case
of any other inconsistency between the terms of this Agreement and the Exhibits
annexed hereto, the terms of this Agreement shall prevail.

Exhibits

	“A”: 	Operating Agreement 
	“B”: 	Title memorandum 
	“C”: 	Index map of acreage and AMI 
	“D”: 	Lease schedule 
	“E”: 	Assignment of the first three drill site
      locations 
	“F”: 	Drilling title opinion – to be provided to
      Union Town by Longshot after the Effective Date but before release of the
      Drilling Funds to the Operator under section III.4

II. Interested Parties

Longshot represents, without warranty of title, that it owns
leases within the AMI as set out in Exhibit “D”, the Leases.

	1. 	
      Subject to the other terms and conditions of this
      Agreement, Longshot and Union Town shall appoint a third party to be an
      operator (the “Operator”). The Parties shall enter into an
      operating agreement (the “Operating Agreement”) as set out in the
      Exhibit "A" naming the third party as the Operator and Union Town as a
      non-operator. This Operating Agreement shall apply to any well drilled
      under the terms of this Agreement on the Contract Properties.

	 	 
	2. 	
      Prior to Longshot expending any funds for drilling
      operations that has been mutually approved by the Parties; the Operator
      shall prepare and provide to the Parties an invoice for the funds
      estimated to be necessary for the drilling operations (the
      “Invoice”). The amount estimated as of the Effective Date is
      $800,000.00. The Invoice shall be dealt with as set out in section
      III.4.

III. Initial Test Well

On or before May 30, 2011, Subject to paragraph 3 below,
Longshot shall coordinate the commencement of the drilling of the Test Well, the
New Miami #42-20H, in search of oil and/or gas at the following location/spacing
unit:

Township 28 North, Range 5 West 
Section 20: S2NE (80
Acre Unit)

The Operator shall drill the well with due diligence to an
estimated depth of TVD 2900 feet and a TMD of 5000 feet, or depth sufficient to
test the Sun River Dolomite (Madison) formation, subject to the following terms
and conditions:

	1. 	
      Within 5 business days of the execution of this Agreement
      Union Town will pay into the trust account of the Holmes & Company the
      sum of $300,000.00 as expense reimbursement in regard to1480 gross and
      1362.4 net acres currently leased to Longshot under the Leases. It is
      agreed by the Parties that these funds shall be dispersed to Longshot
      forthwith upon receipt by Holmes & Company instructions of Union Town
      in this regard in the form acceptable to Holmes & Company.

	 	 	 
	2. 	
      Longshot will deliver to Union Town a 75% net revenue
      interest earned on the Contract Properties.

	 	 	 
	3. 	
      Union Town will pay 100% of the costs to drill the Test
      Well and subsequent wells, which will entitle Union Town to 85% working
      interest before the Payout, and a 70% working interest after the
      Payout.

	 	 	 
	4. 	
      On or before April 15, 2011 the Invoice in the amount of
      $800,000 shall be paid by Union Town to be applied towards drilling to
      casing point the Test Well through the terminus of the horizontal leg (the
      “Drilling Funds”). Payment of the Drilling Funds shall be made by
      Union Town into trust account of Holmes & Company and it is agreed by
      the Parties that the whole amount of the Drilling Funds shall be released
      by Holmes & Company to the Operator upon the following events
      occurring:

	 	 	 
		(i) 	
      Longshot shall deliver Exhibit F, Drilling title opinion,
      to Union Town;

	 	 	 
		(ii) 	
      Union Town shall provide to Holmes & Company in the
      form acceptable to Holmes & Company the instructions to release the
      Drilling Funds to the Operator; and

	 	 	 
		(iii) 	
      Holmes & Company shall receive the Operator’s request
      for the Drilling Funds.

All subsequent wells will be invoiced
to Union Town in the amount of $800,000 to be paid prior to construction of
subsequent well locations. If during the course of drilling, Longshot determines
the well cost is projected to exceed $800,000.00 for drilling through the terminus of the horizontal leg, Longshot will notify
      Union Town of the additional amounts necessary. Longshot may notify Union
      Town at any time after costs have exceeded $600,000.00 of the
      determination that costs may exceed $800,000.00. Upon notice by Longshot,
      Union Town shall then be entitled to 36 hours in which to elect to
      continue operations by paying the additional amounts, or elect to
      terminate operations by paying 100% of the costs to plug and abandon the
      well. Notice to be made by e-mail or fax. If no response is received in
      the 36-hour time frame Union Town shall forfeit all rights to the drill
      site and all 80-acre legal locations adjacent and diagonally offsetting
the drilling well spacing unit.

	5 	
      At the Payout of the Test Well and subsequent wells,
      Longshot will receive from Union Town an additional 15% working interest
      for a total working interest after the Payout of 30% on a well by well
      basis. Thus, interests of Union Town – Longshot shall be as follows:
      before the Payout: 85-15; and after the Payout 70-30.

	 	 	 
	6 	
      All assignments by Longshot of the parcels under the
      Leases under this Agreement shall be free and clear of any title defects,
      encumbrances or burdens, including overriding royalty interests by,
      through or under the assignor that would reduce the net revenue interest
      in the leases to less than 75%, in each case proportionately reduced to
      the Union Town's working interest, but otherwise shall be made without
      warranty of title, either express or implied. Each assignment shall be in
      the form attached hereto as Exhibit “E”.

	 	 	 
	7 	
      Upon completion of each well through the casing point,
      either as wells capable of production or as dry holes properly plugged and
      abandoned, Union Town shall earn an assignment of the parcel upon which
      said well was drilled. Three initial assignments of the first 80-acre
      spacing units and any subsequent assignments by Longshot to Union Town
      upon Union Town’s request and subject to this Agreement shall be made as
      follows:

	 	 	 
		(i) 	
      The Assignment Documents in the form substantially the
      same as the first three assignments attached as the Exhibit “E” to this
      Agreement shall be executed by Longshot (prior to Union Town's payment of
      the Drilling Funds as set out in section III.4, and in the case of
      the three initial assignments after Union Town's payment of $300,000 as
      set out in section III.1) and deposited under the Escrow Agreement
      with the Escrow Agent.

	 	 	 
		(ii) 	
      The Assignment Documents shall be released by the Escrow
      Agent in accordance with the terms and conditions of this Agreement and
      the Escrow Agreement.

	 	 	 
		(iii) 	
      Union Town shall record assignments only after the
      Assignment Documents are released to Union Town by the Escrow
  Agent.

	 	 	 
	8 	
      If Longshot fails to initiate the drilling of the Test
      Well as of July 31, 2011, Union Town may require Longshot to repay the
      initial payment of $300,000.00 or grant to Longshot an extension in time
      to initiate the drilling operations.

	9 	
      If Union Town fails to fund the Test Well as per
      paragraph III.4 above, Union Town shall forfeit any and all funds
      previously paid to Longshot in accordance with section III.1 above
      and this Agreement shall terminate. Longshot may grant Union Town an
      extension if requested by Union Town.

IV. Subsequent Operations

The parties agree that all subsequent wells drilled on the
Contract Properties shall be subject to the terms of this Agreement and the
terms of the Operating Agreement attached hereto as Exhibit “A”.

V. Properties and Interest Subject to this Agreement

	1. 	
      Properties subject to this Agreement are identified in
      Exhibit “C” and Exhibit “D” attached hereto.

	 	 	 
	2. 	
      If during the term of this Agreement either Party
      purchases or in any other manner acquires oil, gas, and/or mineral lease
      or leases or mineral interests or any interest on, in, or covering or
      affecting any of the lands located within the AMI (the “Newly Acquired
      Property”), such property shall be subject to this
Agreement.

	 	 	 
		
      The Party purchasing or otherwise acquiring the Newly
      Acquired Property (the “Acquiring Party”) shall, within thirty (30)
      days after the date of the purchase or acquisition, deliver to the other
      Party a written notice setting forth the details concerning the purchase
      or acquisition, including the amount of consideration paid or agreed to be
      paid for such Newly Acquired Property. This notice should include all
      available title information concerning the Newly Acquired Property. The
      Party notified shall have the option, which may be exercised only by
      written notice delivered to the Acquiring Party within twenty (20) days
      after receipt of the Acquiring Party notice, to acquire an interest in the
      Newly Acquired Property. On exercising the option, the notified Party
      shall, within thirty (30) days, pay to the Acquiring Party the
      proportionate share of the cost of the purchase or acquisition of the
      Newly Acquired Property, which property shall then become a part of the
      Contract Properties. The cost of Newly Acquired Property shall include all
      delay rentals, which may become due under the terms of any lease
      acquired.

	 	 	 
		
      If the option is not exercised within the time and in the
      manner provided for above, the notified Party shall have no interest in
      the Newly Acquired Property with respect to which the option was not
      exercised and that property shall no longer be subject to the terms of
      this Agreement.

	 	 	 
		
      For greater certainty:

	 	 	 
		(i) 	
      If the Newly Acquired Property is acquired by Longshot,
      Union Town in order to exercise the option and add that Newly Acquired
      Property to the Contract Properties shall pay 100% of the cost of the
      acquisition of such Newly Acquired Property. If the Newly Acquired Property is acquired by
      Union Town, it is automatically added to the Contact Properties without
  any payment by Longshot;

	 	(ii) 	
      If the Acquiring Party is Longshot, it shall execute an
      assignment of the interest in the Newly Acquired Property on which the
      option has been exercised to the Escrow Agent to be dealt with as set out
      in section III.7. If the Newly Acquired Property is acquired by
      Union Town, it is automatically added to the Contact Properties without
      any assignment to Longshot.

VI. Production in Kind

Each Party shall have the right and option for taking any part
of production “in kind” to separately market its share of production to which it
may be entitled or may become entitled to take in kind or separately market
under the terms of this Agreement. The right and option to taking in kind may be
exercised at any time and from time to time so long as there is production from
the Contract Area.

VII. Term

This Agreement shall be for a term (the “Term”)
commencing on the Effective Date and shall continue in force, except as
otherwise provided, for a period of longer of:

	 	(i) 	
      2 years; or

	 	 	 
	 	(ii) 	
      The date, on which all operations then being conducted by
      the terms of this Agreement have been completed and all obligations of the
      Parties provided for in this Agreement have been fully
  discharged.

The Term may be extended for one year periods by either Union
Town or Longshot proposing and drilling a minimum of one well per year.

VIII. Notices

Unless otherwise provided, all notices and communications to be
given under the terms of this Agreement shall be delivered by U.S. Mail, or
facsimile, addressed to the respective Parties as follows:

	 To Longshot Oil, LLC 	
	 	1011 South Jefferson 
	 	Spokane, WA 99204, USA 
	 	Attn: Glen Landry 
	 	glenlandry888@msn.com
	 	  
	 To Union Town Energy Inc. 	
	 	1859 Whitney Mesa Dr., 
	 	Henderson, NV 89014, USA

	 	Attn: Terry Fields 
	 	terryfields7@aol.com 

Unless otherwise specified in the notice, the date and time of
a notice shall be the date and time at which the written E-mailed or faxed
notice is delivered to the Party to whom it is addressed. Each Party may change
its address by notice to the other Party. No transfer of any interest pursuant
to the terms of this Agreement shall be effective until the transferor or
transferee (after complying with all other requirements of this Agreement)
notify all other Parties of the address and designated representative of the
transferee.

X. Laws and Regulations

The terms of this Agreement and all operations conducted under
it shall be subject to all valid laws, rules, regulations, and orders of any
regulatory body having jurisdiction, and be governed by the laws of the State of
Montana.

XI. Assignability

This Agreement shall be binding on the Parties and their
respective heirs, successors and assigns. All rights created by this Agreement
are freely assignable at anytime, but the Party assigning an interest shall give
written notice to the other Party to this Agreement prior to the time of the
assignment.

XII. Force Majeure

The obligations of each Party, except for the payment of money,
shall be suspended while, but only for so long as, a Party is prevented from
complying with an obligation in whole or in part, by strikes, lockouts, acts of
God, unavoidable accidents, uncontrollable delays in transportation, inability
to obtain necessary materials in open markets, inadequate facilities for the
transportation of materials, or as a result of any order, requisition, or
necessity of the government, or other matters beyond the reasonable control of a
Party, whether similar to the matters specifically enumerated above or not;
provided, however, that performance shall be resumed within a reasonable time
after the cause of force majeure has been removed; and provided further that no
Party shall be required, against its will, to settle any labor dispute.

XIII. Captions and Titles

The captions and titles used in this Agreement shall not be
construed as adding meaning to the subject matter of this Agreement, but are
used only for reference and convenience.

XV. Miscellaneous

	1. 	
      In the event either Party (the “Selling Party”)
      should decide to dispose of all or any part of its interests in the
      Contract Properties or any renewals or extensions thereof (the
      “Transferable Interest”), the Selling Party shall first notify the
      other Party (the “Other Party”) and the Other Party shall have the
      right to acquire the Transferable Interest on the terms and conditions offered by the Selling Party
      (the “Offer”). The Other Party shall within 60 days notify the
      Selling Party whether it accepts or declines the Offer. In the event the
      Other Party declines the Offer or does not notify the Selling Party on its
      decision within 60 day period, the Selling Party shall be free to sell the
      Transferrable Interest to 3rd parties, provided the terms and
      conditions of the sale are the same as those of the Offer. If the terms
      and conditions differ from the ones of the Offer, this section applies
      again and the Selling Party shall make such new offer to the Other Party
  first.

		
      In the event the Other Party accepts the Offer, the
      closing of the purchase pursuant to the Offer shall be within 30 days of
      the acceptance of the Offer by the Other Party.

	 	 
		
      This section XV.1 shall remain in force and effect
      for 2 years after the Term of this Agreement.

	 	 
	2. 	
      This Agreement shall inure to the benefit of the Parties
      and their respective heirs, devisees, legal representatives, successors,
      and assigns.

	 	 
	3. 	
      This Agreement may be executed in any number of
      counterparts, each of which shall be considered an original for all
      purposes, and all counterparts together shall be deemed one and the same
      Agreement.

	 	 
	4. 	
      All the monetary amounts shall be in the currency of the
      United States unless otherwise stated.

This Agreement is signed by each Party as of the date opposite
their respective signatures, and when signed by Parties shall be deemed
effective as of the stated Effective Date.

	 	 
	 	Longshot Oil, LLC 
	 	 
	 	 
	 	Union Town Energy Inc.Uniontown Energy Inc.: Exhibit 10.2 - Filed by newsfilecorp.com

ESCROW AGREEMENT

THIS AGREEMENT dated for reference the
8 day of April, 2011.

AMONG:

LONGSHOT OIL, LLC, of
1011 S. Jefferson, Spokane, 
WA 99204, USA.

(“Longshot”)

OF THE FIRST PART

AND:

UNION TOWN ENERGY INC.,
of 1859 Whitney Mesa Dr., 
Henderson, NV 89014.USA

(“Union Town”)

OF THE SECOND PART

AND:

HOLMES & COMPANY ,
Barristers and Solicitors,
with business offices at1880 – 1066 West Hastings
Street, 
Vancouver, British Columbia, V7Y 1B6.

(the “Escrow Holder”)

OF THE THIRD PART

WHEREAS:

A.               
By an Exploration Agreement dated April 8, 2011 (the “Exploration
Agreement”) entered into among Longshot and Union Town, Longshot and Union
Town agreed to conduct joint exploration operations, including the drilling of
exploratory or development wells, for the discovery of and for the production of
oil and/or gas in the area in Pondera County, Montana.

B.               
In order to facilitate the dealings of the parties under the Exploration
Agreement Longshot and Union Town agreed to deposit the Escrow Documents (as
defined below) with the Escrow Holder to be held by the Escrow Holder in
accordance with the terms and conditions of the Exploration Agreement and this
Escrow Agreement;

2

C.               
Longshot, Union Town and the Escrow Holder have entered into this agreement
pursuant to the terms of the Exploration Agreement as a security for deliveries
by Longshot and Union Town during the term of the Exploration Agreement.

                   THEREFORE
THIS AGREEMENT WITNESSES that, in consideration of the mutual covenants,
agreements, and obligations herein contained, the parties hereto declare and
agree as follows:

1.00          
ESCROW DOCUMENTS 

1.01          
 It has been delivered to the Escrow Holder and the Escrow Holder hereby
acknowledges receipt of the items and documents as follows:

Fully executed and notarized oil and gas lease assignments for
the lands located in Pondera County, Montana by Longshot to Union Town Energy
Montana, LLC described as:

	 	(a) 	
      Township 28 North, Range 5 West, Section 20:
  S2NE;

	 	 	 
	 	(b) 	
      Township 28 North, Range 5 West, Section 20: N2SE;
    and

	 	 	 
	 	(c) 	
      Township 28 North, Range 5 West, Section 20:
  N2NE;

which will be held by the Escrow Holder in escrow, subject to
the terms and conditions of this agreement, which items and documents, together
with such other documents as may from time to time be delivered to the Escrow
Holder pursuant to this agreement, are hereinafter called the “Escrow
Documents”.

2.00          
DELIVERY OF ESCROW DOCUMENTS

2.01          
The Escrow Holder will hold the Escrow Documents in escrow and undelivered and
will deliver the Escrow Documents upon the following:

	 	(a) 	
      Union Town will deliver to the Escrow Holder a Statutory
      Declaration signed by its Director, MR. TERRY FIELDS stating that Union
      Town has performed the acts, required in order for the Escrow Documents or
      any specified items of the Escrow Documents to be released to Union Town
      pursuant to the terms and conditions of the Exploration Agreement (the
      “Performance”) in the form attached hereto as Schedule “A”.
      The Statutory Declaration so delivered shall specify the items of the
      Escrow Documents required to be released to it;

	 	 	 
	 	(b) 	
      The Escrow Holder then will forward forthwith such
      Statutory Declaration to Longshot;

	 	 	 
	 	(c) 	
      Longshot within 5 business days will deliver a Statutory
      Declaration in the form attached hereto as Schedule “B” to the
      Escrow Holder attesting to the following:

3

	 	(i) 	
      The Performance by Union Town is satisfactory to
      Longshot, the specification of the items of the Escrow Documents are
      correct and the Escrow Agent shall release the specified items of the
      Escrow Documents; or

	 	 	 
	 	(ii) 	
      The Performance of Union Town is not satisfactory to
      Longshot or the specifications of the items of the escrow Documents are
      not correct and the Escrow Agent shall not release any part of the Escrow
      Documents;

	 	(d) 	
      In the event Longshot is not responding within 10
      business days, the Escrow Holder will release the specified items of the
      Escrow Documents to Union Town.

3.00          
EFFECT OF DELIVERY OF ESCROW DOCUMENTS 

3.01          
If the specified items of the Escrow Documents are released to Union Town under
the provisions of Paragraph 2.01(d) hereof, all of the rights of Longshot to
such items of the Escrow Documents shall be settled and cannot be contested.

4.00          
EFFECT OF DISPUTE 

4.01          
In the event that there is a dispute between Longshot and Union Town regarding
the release by the Escrow Holder of any and all of the Escrow Documents, the
Escrow Holder will hold these particular items of the Escrow Documents until
instructed by mutual direction of Longshot and Union Town as to the delivery of
the Escrow Documents or a final determination has been made in any court action
relating to the Exploration Agreement or the Escrow Documents and the Escrow
Holder is directed to deliver the Escrow Documents in accordance with a court
order in such action.

5.00          
NOTICE OF DISPUTE 

5.01          
The Longshot and Union Town, or either of them, when a plaintiff or applicant in
any action or actions relating to Exploration Agreement or the Escrow Documents,
will cause a copy of the relative originating application or process to be
served on the Escrow Holder as well as on the other parties to this
agreement.

6.00          
DELIVERY OF NOTICE 

6.01          
Any notice, payment, direction or other instrument or communication
(collectively, a “Communication”) required or permitted to be given under
this agreement will be in writing and must be given by delivery, telecopy,
facsimile or email addressed to the party to whom it is required to be given at
the address set forth on page 1 of this agreement as well as follows:

	Longshot 	Attn: Glen Landry 
	  	Glenlandry888@msn.com 

4

	Union Town 	Attn: Terry Fields 
	  	terryfields7@aol.com 
	  	  
	  	  
	Holmes & Company 	Attn: Alina Nikolaeva 
	  	alina@holmescompany.com 

Any party may at any time give notice in writing of any change
of address of the party giving the notice and from and after the giving of the
notice, the address specified in the notice will be deemed to be the address of
the party for the purposes of delivery of any Communication. A Communication
will be deemed to have been received at the time it is physically or
electronically sent, telecopied or faxed in accordance with this Paragraph 6.01
hereof.

7.00          
RESPONSIBILITY OF ESCROW HOLDER 

7.01          
The Escrow Holder will not be responsible for the form, genuineness, validity,
sufficiency or effect of the Escrow Documents or any part of it at any time, or
for the act of any person or corporate entity which may render the Escrow
Documents or any part of it null and void, or the failure of any of the parties
to the Exploration Agreement to perform acts or payments under the Exploration
Agreement when due and/or payable, or for any delay occasioned by reason of any
restriction, ruling or provision with respect to Longshot or Union Town, the
Escrow Documents or any part of it or the Exploration Agreement, or if, for any
reason whatsoever, any of the parties to the Exploration Agreement should be in
breach of its provisions.

8.00          
LIABILITY OF ESCROW HOLDER FOR LOSS 

8.01          
The Escrow Holder, provided it acts in good faith, will not be held liable for
any loss with respect to the Exploration Agreement except for a loss caused by
its own dishonesty, gross negligence or wilful breach of trust.

8.02          
The Escrow Holder shall have no responsibility in respect of loss of the Escrow
Documents except the duty to exercise such care in the safekeeping thereof as it
would exercise if the Escrow Documents were the property of the Escrow Holder.
The Escrow Holder may act herein on the advice of counsel but will not be
responsible for acting or failing to act on the advice of counsel.

8.03          
The parties agree that the Escrow Holder will not be obliged to look behind or
verify the contents of and will assume that all the signatures are genuine on
any Statutory Declaration therein delivered to it by any party to this Escrow
Agreement and will not be liable for any loss, risk or damage suffered by any
party hereto or any other party whatsoever, provided it has acted in accordance
with the provisions of this agreement and on the terms and conditions herein in
reliance on such Statutory Declaration.

5

8.04         
   The Escrow Agent shall act only in a capacity of an escrow agent
under this Escrow Agreement and the Escrow Agent shall not provide legal advice
in relation to it neither to Union Town nor to Longshot.

8.05         
   Union Town and Longshot either obtained independent legal advice or
waived it in connection therewith before entering into this Escrow
Agreement.

9.00          
  CHANGE OF ESCROW HOLDER 

9.01        
    Union Town and Longshot may at any time, during the currency
of this agreement, appoint another person, firm or corporation to act as Escrow
Holder in addition to or in substitution for the existing Escrow Holder and the
words “Escrow Holder”, whenever used throughout this Escrow Agreement, will
include the Escrow Holder originally appointed and any additional Escrow Holder
appointed in accordance with the provisions of this Paragraph 9.01 hereof.

10.00          
PAYMENT OF ESCROW HOLDER 

10.01          
Longshot and Union Town will pay, in equal parts as between them, the fixed
amount of $5,000.00 as fees of the Escrow Holder in connection with the
performance of its duties hereunder. The payment will be due upon execution of
this Escrow Agreement.

10.02          
Longshot and Union Town also will, from time to time, pay the reasonable fees
and expenses incurred by the Escrow Holder in connection with the performance of
its duties hereunder as may be agreed upon from time to time by the Escrow
Holder and Longshot and Union Town and failing such agreement, as may be
determined by the provisions of the Trustee Act (British Columbia), as may be
amended from time to time.

11.00          
INDEMNITY OF ESCROW HOLDER 

11.01          
Longshot and Union Town, jointly and severally, will indemnify and save harmless
the Escrow Holder of and from all claims, demands, damages, losses and expenses
arising out of the performance by the Escrow Holder of its duties hereunder.

11.02          
Longshot and Union Town further agree, without restricting the foregoing
indemnity that, in the event that proceedings may hereafter be taken in any
court respecting the matters referred to in this Escrow Agreement, the Escrow
Holder will not be obliged to defend any such action or submit its rights to the
court unless the Escrow Holder has been indemnified by good and sufficient
security in addition to the indemnity hereinbefore given against the Escrow
Holder’s costs of such proceedings.

12.00          
DISCHARGE OF ESCROW HOLDER 

12.01          
In the event the Escrow Holder wishes to discharge its obligations hereunder
other than in a manner provided herein, it may at any time, without further
permission to be granted from the parties hereto, apply to the Supreme Court of
British Columbia for an order for delivery into court of the Escrow Documents held by him pursuant to the
terms of this Escrow Agreement, and the court may, on such notice as it thinks
necessary, if any, make an order accordingly, and the application may, in the
first instance be made ex parte, and delivery of the Escrow Documents into court
will discharge the Escrow Holder from all further liabilities and obligations
hereunder.

6

13.00          
GENERAL 

13.01          
Enurement 

                   This
agreement will enure to the benefit of and be binding on the parties hereto,
their respective heirs, executors, administrators and assigns.

13.02         
Time

                  
Time is of the essence of this agreement.

13.03         
Counterpart

                    This
agreement may be executed in several parts in the same form and such parts as so
executed will together form one original agreement, and such parts if more than
one will be read together and construed as if all the signing parties hereby had
executed one copy of this agreement.

13.04          
Governing Law

                    This
agreement will in all respects be governed by and be construed in accordance
with the laws of the Province of British Columbia.

LEFT INTENTIONALLY BLANK

7

13.05          
Further Documents 

                    The
parties hereto will execute and deliver all such further documents and
instruments and do all such further acts and things as may be reasonably
required to carry out the full intent and meaning of this agreement.

                    IN
WITNESS WHEREOF the parties hereto have executed this agreement as of the date
set out on page 1 of this agreement.

	THE CORPORATE SEAL OF 	) 	  
	LONGSHOT OIL, LLC 	) 	  
	was affixed hereto in the presence of: 	) 	  
	  	) 	  
	  	) 	           
             c/s 
	Authorized Signatory 	) 	  
	  	) 	  
	  	  	  
	THE CORPORATE SEAL OF 	) 	  
	UNION TOWN ENERGY INC. 	) 	  
	was affixed hereto in the presence of: 	) 	  
	  	) 	  
	  	) 	           
             c/s 
	Authorized Signatory 	) 	  
	  	) 	  
	  	  	  
	  	  	  
	SIGNED, SEALED AND DELIVERED 	) 	  
	by HOLMES & COMPANY 	) 	 
    
	as Escrow Agent 	) 	HOLMES & COMPANY

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00188-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00188-of-00352.parquet"}]]