Exhibit  10.1  Stock  Purchase  and  Release  Agreement

STOCK  PURCHASE  AND  RELEASE  AGREEMENT

THIS STOCK PURCHASE AND RELEASE AGREEMENT ("Agreement") is executed this 8th day
of August 2005 by and between Diversified Holdings I, Inc., a Nevada corporation
("DHI"),  and Diversified Holdings XIX, Inc., a Nevada corporation ("DHX"), West
Jordan  Real Estate Holdings, Inc., a Utah corporation ("WJRH"), and Diversified
Financial  Resources  Corporation,  a Delaware corporation ("DFRC"), BTA Mineral
Servitude  Corporation  S.A. de C.V. a foreign corporation ("BTA") and Salt Lake
Development  Corporation,  a  Nevada  corporation and successor in interest to a
Utah  corporation  of  the  same  name  ("SLDC").
Recitals

DHI  desires  to  purchase  and  acquire  Salt Lake Development Corporation, the
current  owner  and  holder  of a parcel of real estate and improvements thereon
identified  as  follows:

Two  story  office  building located at 268 West 400 South, Salt Lake City, Utah
84101,  building  contains  15,000  square  feet.

DHI  shall transfer to DFRC a cash payment in the sum of Twenty Thousand dollars
($20,000),  WJRH  shall  release  and  indicate  as paid in full all obligations
arising.  under that Promissory Note, ("Note") in the face amount of Two Hundred
Thirty  Thousand  dollars  ($230,000), including all interest, security, and any
other  obligation or right held by the holder of the said Note, and DHI and WJRH
shall  settle  and  resolve accounts payable of DFRC to Hudson Consulting Group,
Inc. in the approximate sum of Ten Thousand Five Hundred Twenty Seven and 96/100
dollars  ($10,527.96),  DFRC,  or its related entities shall transfer to DHI One
Million  (1,000,000)  shares  of  the  common  stock  of  Salt  Lake Development
Corporation,  a Nevada corporation and any and all issued and outstanding shares
of  a  Utah corporation of the same (the "Shares") and hereby warrants that such
shares  represent  95%  or more of all issued and outstanding shares of both the
Nevada  and the Utah corporations known as Salt Lake Development Corporation and
that  the  said  corporation  holds good and legal title to the above referenced
parcel(s)  or  real  estate  subject  only  to the one disclosed mortgage on the
property.
Agreement,

In  consideration of the mutual promises, covenants, and agreements contained in
this  Agreement,  and for other good and valuable consideration, the receipt and
sufficiency  of  which  is  acknowledged  by all the parties, the parties hereby
agree  as  follows:

1.     Purchase  and Sale of Shares.  DFRC agrees to transfer the Shares to DHI,
and  DHI agrees to acquire the Shares from DFRC. Immediately after DFRC receives
a  duly  executed  copy of this Agreement, it will deliver the Shares to DHI and
DHI  shall  deliver  the promised cash payment and WJRH hereby grants a full and
complete  release  of  the  Note  of  which  DFRC  and  BTA  are  makers.

 2.  Purchase Price. As consideration for the Shares, DHI shall transfer to DFRC
as  full  and  fair  consideration  for  the  purchase  of the said Shares total
consideration  that shall total the amount of Twenty Thousand dollars ($20,000),
DHI and WJRH shall also obtain the release of $I 0,527.96 of debt or obligations
of  DFRC owed to Hudson Consulting Group, Inc. and shall indemnify and hold DFRC
harmless  from  any  such  claims  or  obligations.

     3.     Representation  and  Warranties  of DHI. DHI represents and warrants
that:

DHI  is  an  entity  incorporated  under  the  laws  of  the  State  of  Nevada.

DHI  has  such knowledge and expertise in financial and business matters that it
is capable of evaluating the merits and substantial risks of the purchase of the
Shares  and  is  able to bear the economic risks relevant to the purchase of the
Shares  hereunder.

DHI  is  relying  solely  upon  independent  consultation with its professional,
legal, tax, accounting and such other advisors as DHI deems to be appropriate in
purchasing  the  Shares;  DHI  has  been advised to, and has consulted with, its
professional  tax  and  legal  advisors  with respect to any tax consequences of
purchasing  the  Shares.

d.          DHI  understands  that DFRC and the other parties hereto are relying
upon  DM's
representations  and  warranties  as contained in this Agreement in consummating
the
sale  and  transfer  of  the  Shares.

e.  DHI  understands  and hereby release any claim or right to a promissory note
made  payable to SLDC, or its assigns, arising from the sale or transfer of four
condominium  units located in the City of Ogden, State of Utah, all proceeds and
rights  from  the  said  note  are  and shall remain the property of DFRC or its
assigns.

f.     DHI  acknowledges  and  understands that DFRC has disclosed the status of
the  mortgage  payments  on  a  loan  secured  by  the  real  property  and  DHI
acknowledges receipt of information showing that two months of payments are past
due as of the date of this agreement and shall assume all liability for bringing
the  debt  obligation of SLDC with regard to the property into a current status.

     4.     Representations and Warranties of DFRC. DFRC represents and warrants
that:

     a.       DFRC  is  a  corporation duly organized and validly existing under
the  laws  of  the  State  of  Delaware.

b.  DFRC  has valid title to the Shares which it is transferring to DHI pursuant
to  this  Agreement.  There  are  no claims, liens, security interests, or other
encumbrances  upon  the  Shares.

     c.    DFRC  is  relying  solely  upon its independent consultation with its
professional,  legal,

d.     No  term  or  condition  of  this  Agreement shall be deemed to have been
waived  nor
d.     No  term  or  condition  of  this  Agreement shall be deemed to have been
waived  nor
tax,  accounting  and  such  other  advisors  as DFRC deems to be appropriate in
transferring  the  Shares  and  in  acquiring the corporate interests identified
herein.  DFRC  has been advised to, and has consulted with, its professional tax
and  legal  advisors  with  respect  to any tax consequences of transferring the
Shares.

All  corporate  action on the part of DFRC required for the lawful execution and
delivery  of  this  Agreement  and  the  issuance, execution and delivery of the
Shares  has  been  duly and effectively taken. Upon execution and delivery, this
Agreement will constitute a valid and binding obligation of DFRC, enforceable in
accordance  with  its  terms,  except  as  the  enforceability may be limited by
applicable  bankruptcy,  insolvency  or  similar  laws  and  judicial  decisions
affecting  creditor's'  rights  generally.

DFRC  further  represents  that  all  property  taxes have been paid through the
current taxing period on the above described real property. DFRC also represents
that  as  of  the  date  of  execution  hereof  all  utilities  and  operational
obligations  of  the  real  estate  are  current  and  paid  in  full.

DFRC  has disclosed the status of the mortgage payments on a loan secured by the
real  property  and  DHI  acknowledges  receipt  of information showing that two
months  of  payments  are  past  due  as of the date of this agreement and shall
assume all liability for bringing the debt obligation of SLDC with regard to the
property  into  a  current  status.

 Survival  of  Representations,  Warranties  and Covenants. The representations,
warranties  and  covenants  made by DFRC and DHI in this Agreement shall survive
the  purchase  and  sale  of  the  Shares.

     Miscellaneous.

In  the  event any one or more of the provisions contained in this Agreement are
for any reason held to be invalid, illegal or unenforceable in any respect, such
invalidity, illegality or unenforceability shall not affect any other provisions
of this Agreement. This Agreement shall be construed as if such invalid, illegal
or  unenforceable  provision  had  never  been  contained  herein.

This Agreement shall be binding upon and inure to the benefit of the parties and
their  respective  heirs,  legal  representatives,  successors,  and  permitted
assigns.  The parties hereto may not transfer or assign any part of their rights
or  obligations  except  to  the  extent  expressly permitted by this Agreement.

This  Agreement  constitutes  the entire agreement and understanding between the
parties  with  respect  to  the  sale  of  the Shares and may not be modified or
amended  except  in  writing  signed  by  both  parties.

shall there be any estoppel to enforce any provision of this Agreement except by
written  instrument  of  the  party  charged  with  such  waiver  or  estoppel.

e.     The  validity, interpretation, and performance of this Agreement shall be
governed  by  the  laws  of  the State of Utah, without regard to its law on the
conflict  of laws. Any dispute arising out of this Agreement may be brought in a
court  of competent jurisdiction in Salt Lake County, State of Utah. The parties
exclude any and all statutes, laws and treaties which would allow or require any
dispute  to  be  decided  in  another  forum  or by other rules of decision than
provided  in  this  Agreement.


IN  WITNESS  WHEREOF,  the parties have executed this Stock Purchase and Release
Agreement  as  of  the  day  and  year  first  appearing  herein.

Diversified  Holdings  I,  Inc.               Diversified  Financial  Resources
Corporation
/s/Richard  Surber                    /s/Dennis  Thompson
   Richard  Surber,  President           Dennis  Thompson,  President


West Jordan Real Estate Holdings, Inc.     Salt  Lake  Development  Corp.
/s/Richard  Surber                       /s/Dennis  Thompson
   Richard  Surber                          Dennis  Thompson,  President

BTA  Mineral  Servitude  Corporation          Diversified  Holdings  XIX,  Inc.
/s/John  Chapman                           /s/Dennis  Thompson
   John  Chapman                              Dennis  Thompson,  President