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**Exhibit      10.1**

**SUNRISE      ENERGY RESOURCES, INC.**

**CD-1001      **

**10%      SUBORDINATED NOTE DUE March 30, 2009**

| Borrower: | Sunrise                Energy Resources, Inc. |
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| Address: | 551                Fifth Avenue, Suite 601 |
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| Lender: | Millington                Solutions Limited |
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| Address: | Suite                401, 302 Regent Street, London, W1R                6HH |
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**Promise      to Pay**
**US$1,000,000      (One million US dollars) **
**US$1,000,000      (One million US dollars)**
**10%      (ten percent)**

**Interest      Payments**
**$100,000      (One hundred thousand US dollars)**

**Lender’s      Right of Acceleration**

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|   | (a) | If                the Borrower fails to make any payment of principal or interest within                fifteen days after its due date. |
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|   | (b) | If                the Borrower fails to keep any other covenant made in this Note within                thirty days after written notice from the                Lender. |
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|   | (c) | If                one or more judgments is entered against the Borrower which exceed,                in the                aggregate, $100,000 if the Borrower does not pay such judgments or                arrange                for their enforcement to be postponed no later than within thirty                days                after the judgments have been                entered. |
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|   | (d) | If                bankruptcy, receivership, or insolvency proceedings are started by                or                against the Borrower, or if the Borrower dissolves, liquidates or                otherwise winds up its business. |
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**Agreement      of Subordination**

|   | (a) | The                Lender shall not be entitled to receive any principal, interest or                fee                payments, and the Borrower shall not make such payments, unless,                at the                time of such payment (i) the Borrower shall have paid all amounts                due at                such time under any Senior Indebtedness, and (ii) the Borrower shall                not                be in default under the terms of any Senior Indebtedness and payment                of                the amount due under this Note would not result in a default under                any                Senior Indebtedness. The word “default” includes defaults declared by                holders of any Senior Indebtedness and any conditions, event or act                which,                with notice or the passage of time, would result in a default under                any                Senior Indebtedness. |
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|   | (b) | If                bankruptcy, receivership, or insolvency proceedings by or against                the                Borrower or its property occurs, or if the Borrower dissolves, liquidates                its assets or otherwise winds up its business, the Borrower shall                pay all                outstanding Senior Indebtedness before making any payment of principal,                interest or fees due under this Note. Any payments or distributions                (including distributions of the Borrower’s non-cash assets or securities                that would otherwise be made to the Lender will first be paid on                account                of all outstanding Senior                Indebtedness. |
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|   | (c) | If                the Lender demands early payment of this Note for any reason, the                Borrower                shall first pay all outstanding Senior Indebtedness before making                any                payments under this note. |
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|   | (d) | If                the Lender receives any payment which is not entitled under this                Note, the                Lender shall hold such payment for the benefit of the holder of Senior                Indebtedness and deliver such payment or distribution to the holders                of                Senior Indebtedness or their representatives for payment on account                of all                outstanding Senior Indebtedness. |
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|   | (e) | After                the Senior Indebtedness has been paid in full, the Lender shall be                entitled to the rights of Senior Indebtedness to receive payments                until                all amounts due under this Note are paid in                full |
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**Notices**

| 6. | **Conversion                of Convertible Notes**. |
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| 6.1. | **Right                to convert**.                Subject to and upon compliance with the provisions of this Section                6, at                the option of the holder of any Notes, such Notes, or any portion                of the                principal amount thereof, may at any time at or before the close                of                business on the maturity date of such Notes be converted at 100%                or so                much of the principal amount of such Notes as are so converted into                Common                Stock at the Conversion Price, determined as hereinafter provided,                in                effect at the date of the                conversion. |
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| 6.2. | **Manner                of Exercise of Conversion Privilege**.                In order to exercise the conversion privilege, the holder shall surrender                this Note to the Company at any time during usual business hours                at its                principal office in New York City, accompanied by a written notice                to the                Company at such office or agency that the holder elects to convert                this                Note or a specified portion thereof and stating the name or names                (together with the address) in which the certificate or certificates                for                shares of Common Stock which shall be issued upon conversion. All                Notes                surrendered for conversion shall (if so required by the Company)                be                accompanied by proper assignments thereof to the Company or be blank.                As                promptly as practicable after the receipt of such notice and the                surrender                of this Note as aforesaid the Company shall issue and deliver to                the                holder, or on his written order, a certificate or certificates for                the                number of full shares of Common Stock issuable on such conversion                in                accordance with the provision of this Article and cash, as provided                in                Subsection 3, in respect of any fraction of a share of Common Stock                otherwise issuable upon such conversion. Such conversion shall be                deemed                to have been effected at the close of business on the Date of Conversion,                and the person or persons in whose name or names any certificate                or                certificates for shares of Common Stock shall be issuable upon such                conversion shall be deemed to have become the holder or holders of                record                of the shares represented thereby on such date; provided, however,                that                any such surrender on any date when the stock transfer books of the                Company shall be closed shall constitute the person or persons in                whose                name or names the certificate or certificates for such shares are                to be                issued as the record holder or holders thereof for all purposes at                the                close of business on the next succeeding day on which such stock                transfer                books are open, and the Note surrendered shall not be deemed to have                been                converted until such time for all purposes, but such conversion shall                be                at the conversion price in effect at the close of business on the                date of                such surrender. Anything contained in this Section 6.2 to the contrary                notwithstanding, the Company shall not be obligated to effect the                transfer                of any Conversion Shares upon conversion of any portion of any Notes                or                cause any Conversion Shares upon conversion of any Notes to be registered                in any name or names other than the name of the holder of the Notes,                converted or to be converted (or such holder’s nominee or nominees) unless                such holder delivers to the Company an opinion of counsel reasonably                satisfactory to the Company to the effect that such transfer is in                compliance with applicable securities                laws. |
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| 6.3. | **Fractions                of Share**.                The Company shall not be required to issue fractions of a share or                scrip                representing fractional shares of Common Stock upon conversion of                the                Note. If any fraction of a share of Common Stock would, except for                the                provisions of this Section be issuable on the conversion of any Notes                (or                specified portions thereof), the Company shall pay a cash adjustment                in                respect of such fraction, equal to the value of such fraction based                on the                then Conversion Price. |
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| 6.4. | **Conversion                Ratio and Conversion Price**. |
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|   | (i) | The                price at which shares of Common Stock shall be delivered upon conversion                (herein called the Conversion Price) shall initially be US$2.20 (Two                US                dollars and two cents) per share of Common                Stock. |
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|   | (ii) | Each                US$1000 Note unit shall be convertible into 454 shares of the Borrower’s                common stock. |
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|   | (iii) | The                Conversion Price in effect or to be in effect at any time shall be                subject                to adjustment from time to time as provided in subsection                6.5. |
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| 6.5 | **Adjustment                of Conversion Price and Number of Shares of Common Stock Issuable                upon                Conversion of the Notes**.                Upon each adjustment of the Conversion Price, the Note Holders shall                thereafter be entitled to purchase, at the conversion price resulting                from                such adjustment, the number of shares obtained by multiplying the                Conversion Price in effect immediately prior to such adjustment by                the                number of shares purchasable pursuant hereto immediately prior to                such                adjustment and dividing the product thereof by the conversion price                resulting from such adjustment. |
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| 6.6 | **Notice                of Conversion Price**.                Upon any adjustment of the conversion price, than and in each such                case                the Company shall give written notice thereof, to the holder thereof,                which notice shall state the conversion price resulting from such                adjustment and the increase or decrease, if any, in the number of                shares                purchasable at such price upon the exercise of this Convertible Note,                setting forth in reasonable detail the method of calculation and                the facts                upon which such calculation is                based. |
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| 6.7 | **Notice                of Distributions, Rights of Reorganization, Etc**.                In case at any time: |
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| 6.8 | **Taxes                on Conversion**.                The issue of stock certificates on conversion of the Notes shall                be made                without charge to the converting Noteholder for any tax in respect                of the                issue thereof. The Company shall not, however, be required to pay                any tax                which may be payable in respect of any transfer involved in the issue                and                delivery of stock in any name other than that of the holder of any                Note                converted, and the Company shall not be required to issue or deliver                any                certificate in respect to such stock unless and until the person                or                persons requesting the issuance thereof shall have paid to the Company                the                amount of such tax or shall have established to the satisfaction                of the                Company that such tax has been                paid. |
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| 6.9 | **Company                to Reserve Stock**.                The Company shall at all times reserve and keep available out of                its                authorized but unissued stock, for the purpose of effecting the conversion                of the Notes, such number of its duly authorized shares of Common                Stock as                shall from time to time be sufficient to effect the conversion of                all                outstanding Notes. If any shares of Common Stock, reserved or to                be                reserved, for such purposes, required registration under any Federal                or                state law before such shares may be validly issued to the holder,                the                Company covenants that it will in good faith and as expeditiously                as                possibly endeavor to secure such registration or approval, as the                case may                be. |
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| 6.10 | **No                Rights as Stockholders**.                Prior to the conversion of any Note, the holder of such Note shall                not be                entitled to any rights of a stockholder of the Company, including                without                limitation the right to vote, to receive dividends or other distributions                or to exercise any pre-emptive rights, and shall not be entitled                to                receive any notice of any proceedings of the Company, except as provided                herein. |
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**7.      Representations and Warranties of Corporation**

| 7.1 | The                Ñompany                represents that it is a corporation duly organized, validly existing                under                the laws of the State of Delaware. The Company is authorized to issue                the                Notes subscribed to by this instrument. Upon payment for the Notes,                the                original Lender shall be the owner of duly and validly issued Notes.                Delivery of the Note Certificates to the original Lender shall mean                transfer to the Original Lender the title and the right to sell the                Notes,                the rights to receive interest and principal payments, rights to                convert                the Notes into Common Stock, as well as other rights as envisaged                by the                Articles of the Corporation and the US laws. |
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**8.      Representations and Warranties of the Lender **

| 8.1 | **Lender’s                Organization**.                The Lender is duly organized, validly existing, and in good standing,                operating pursuant to the laws of the United Kingdom, and has all                requisite corporate power and authority to carry on its business                as                currently conducted. The Lender is also empowered and authorized                to                purchase the Notes for which it is subscribing. |
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| 8.2 | **Private                Sale**.                The Lender understands that this is a private offering. The Notes                have not                been registered under the Act and are being acquired by the Lender                for                investment. The Lender understands that it may not sell the Notes                without                compliance with the Act, applicable portions of which are explained                below. |
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| 8.3 | **Compliance                with Securities Act of 1933**.                The Lender understands that the Notes it is acquiring are sold in                reliance                upon an exemption from such registration requirements afforded by                Regulation S, governing the offer and sale of securities that occur                outside the U.S. Regulation S provides that Notes, sold pursuant                to the                exemption provided by that Regulation, within one (1) year after                completion of Notes purchasing under this Contract (hereinafter referred                to as the “Restricted Period”), must not be sold without any solicitation                or other efforts to sell the Notes or any re-sale into the United                States. |
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**9.      No U.S. Distribution.**

| 9.1 | Lender                is not a US Person. The Lender represents that is not a U.S. person                as                defined in Regulation S, promulgated under the Act. The Lender may                be a                “distributor” as defined in Regulation S. |
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| 9.2 | No                Solicitations or Sales to US Person..                The Lender acknowledges that the Notes cannot be sold in the United                States                as part of a United States "distribution" (as such term is defined                in the                federal securities laws of the United States). The Lender has not                offered                the Notes to any person in the United States or to any U.S. Person                as that                term is defined in Regulation S. The Lender has no reason to believe                that the purchase of the Notes has been pre-arranged with a Lender                in the                United States. The Lender has not engaged in any "directed selling                efforts" (as that term is defined in Regulation S) to re-sell the                Notes                into the United States or to US Persons; nor has the Lender conducted                any                general solicitation to sell the Shares to persons residing within                the                United States or to U.S. Persons. The Lender agrees that to the extent                that it is a distributor, all offers and sales of the securities                prior to                the expiration of the registration period shall be made only in accordance                with the provision of Rule 903 and Rule 904 under Regulation S; pursuant                to registration of the shares under the Act, or pursuant to an exemption                from the registration requirements of the                Act. |
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**10.      Restrictive Period Conditions**

| 10.1. | Any                transfer of the Notes resulting in violating the terns of this Agreement                shall be void. All and any Note transfers by the secretary of the                Corporation or by its transfer agent with making notes in the Securities                Transfer Register of the Corporation shall be carried out only in                compliance with the provisions of this Agreement. |
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| 10.2. | During                the Restricted Period the Corporation will: refrain from publishing                or                disseminating any material in connection with the offering of the                Notes in                the United States; ensure that all Offering Restrictions as defined                in                Regulation S applicable to the sale of Notes pursuant to this Contract                are                thoroughly complied with and satisfied; and refrain from engaging,                and                insure that none of its branches or affiliates will engage, in any                Directed Selling Efforts as defined in Regulation S with respect                to the                Notes. |
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| 10.                3 | Lender's                Investigation.                The Lender has been given a reasonable opportunity to ask questions                of and                receive answers from the Corporation concerning the Corporation and                the                Notes for which it is subscribing. The Lender has such knowledge                and                expertise in financial and business matters that the Lender is capable                of                evaluating the merits and risks involved in an investment in the                Notes.                The Lender shall not rely on any received information apart from                that,                which is given in this Contract, as well as on the information, resulting                from any independent study of the Corporation conducted by the Lender. |
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| **Borrower:** | Sunrise                Energy Resources, Inc. |
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| Signature: | /x/                Konstantin                Tsiryulnikov                                         |
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| Name: | Konstantin                Tsiryulnikov  |
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| Title: | CEO |
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| **Lender:** | Millington                Solutions Limited |
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| Singnature: | /x/                Evgeniy                Kozlov                                                                       |
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| Name: | Evgeniy                Kozlov |
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| Title: | Director |
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