0001193125-06-192617 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • September 18th, 2006 • Universal Energy Corp. • Services-personal services • Delaware

THIS EMPLOYMENT AGREEMENT (“Agreement”) is made and entered into as of the 15th day of September, 2006 by and between Universal Energy Corp., a Delaware corporation (hereinafter called the “Company”), and Billy Raley (hereinafter called the “Executive”).

STOCK OPTION AGREEMENT
Stock Option Agreement • September 18th, 2006 • Universal Energy Corp. • Services-personal services • Delaware

This Stock Option Agreement (this “Agreement”) is made as of September 14, 2006 by and between Universal Energy Corp. (the “Corporation”) and Dyron M. Watford (the “Optionee”).