Exhibit
10.8
ASSIGNMENT
AGREEMENT
This ASSIGNMENT AGREEMENT (the
“Assignment Agreement”) is made and entered into on
this 6 day of June, 2006, between PIN PARTNERS PETROLEUM LTD, a
company organized and existing under the laws of British Columbia
(the “the Assignor”), and RANCHER ENERGY CORP., a
company organized and existing under the laws of Nevada,
USA.
WITNESSETH:
WHEREAS, the Assignor has
certain rights and obligations under the Exploration &
Development Agreement dated June 5th, 2006 (hereinafter referred to
as the "Broadview Dome Agreement"), and
WHEREAS, the Assignor wishes
to assign all of its rights and obligations in the Broadview Dome
Agreement to the Assignee, and
WHEREAS, the Assignee accepts
such assignment and has agreed to be bound by the Broadview Dome
Agreement,
NOW, THEREFORE, in
consideration of the mutual convenants and agreements contained
herein, it is expressly agreed by the Assignor and the Assignee as
follows:
1. The Assignor hereby assigns
and transfers to the Assignee all of its rights and obligations in,
to, and under the Broadview Dome
