Exhibit 10.1

                            OPTION TO PURCHASE ASSETS

     THIS OPTION TO PURCHASE  ASSETS (this  "Agreement") is dated as of July 28,
2009,  and  entered  into by and  between  Northern  Explorations  Ltd.,  or its
Assignee ("Buyer"), and Dominus Energy, A.G.

                                    RECITALS

     A. Seller is a Swiss  Corporation.  The Seller owns a Working Interest in a
Texas gas field project,  the legal  description of which is attached  hereto as
Exhibit "A", ("WI").

     B. Pursuant to the provisions  hereof,  Buyer desires to have the option to
purchase  from the  Seller  and the  Seller  desires to give Buyer the option to
purchase the WI of the Seller ("Option").

     NOW  THEREFORE,  in  consideration  of the  foregoing  and  the  respective
representations,  warranties,  covenants,  agreements and conditions hereinafter
set forth, the receipt and adequacy of which is hereby  expressly  acknowledged,
the parties agree as follows:

     1. Buyer shall deliver to Seller upon  execution of this  Agreement the sum
of $  100  in  consideration  for  the  warranties,  covenants,  and  agreements
contained herein.

     2. Seller hereby sells and assigns to Buyer the Option to purchase the WI.

     3. Buyer shall provide written notice of its intent to exercise this Option
on or before October 31, 2009. Closing of the purchase shall occur no later than
thirty  (30) days  after  Seller's  receipt of Buyer's  notice to  exercise  the
Option.

     4. The terms of the purchase  arising from the exercise of the Option shall
be as  required  pursuant to the ASSET  PURCHASE  AGREEMENT  attached  hereto as
Exhibit "B".  Within  three (3)  business  days  following  Seller's  receipt of
Buyer's  notice of  exercising  the Option,  the parties shall execute the ASSET
PURCHASE AGREEMENT attached hereto as Exhibit "B".

     5. Prior to Buyer  delivering  notice to exercise the Option,  the terms of
this Agreement  shall remain  confidential  between the parties,  and may not be
disclosed  to  any  third  party  without  the  written   authorization  of  the
non-disclosing  party.  This  paragraph  shall not restrict  disclosure to third
parties as required by any Court order,  subpoena,  public reporting obligations
of  Buyer  with  the  United  States  Securities  and  Exchange  Commission,  or
disclosure to third parties, including the recording of this document, or in the
event Seller  breaches the terms of this  Agreement or sells or attempts to sell
all or any portion of the assets.

     6. MISCELLANEOUS.

     8.1 Parties in Interest. This Agreement shall be binding upon, inure to the
benefit  of, and be  enforceable  by the  respective  successors  and  permitted
assigns of the  parties  hereto.  Nothing  contained  herein  shall be deemed to
confer  upon any other  person  any  right or remedy  under or by reason of this
Agreement.

     8.2  Law  Governing  Agreement.  This  Agreement  may  not be  modified  or
terminated  orally,  and shall be  construed  and  interpreted  according to the
internal laws of the State of California, excluding any choice of law rules that
may direct the application of the laws of another jurisdiction.

     8.3 Amendment and Modification.  Buyer and the Seller may amend, modify and
supplement  this  Agreement  in such  manner  as may be  agreed  upon by them in
writing.

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<PAGE>
     8.4  Notice.  All  notices,  requests,  demands  and  other  communications
hereunder shall be given in writing and shall be: (a) personally  delivered;  or
(b) sent to the  parties  at their  respective  addresses  indicated  herein  by
registered or certified U.S. mail, return receipt requested and postage prepaid,
or by private  overnight mail courier  service.  The respective  addresses to be
used for all such notices, demands or requests are as follows:

     (a) If to Buyer, to:

     Northern Explorations Ltd.
     9002 Green Oaks Circle, 2nd Floor,
     Dallas, Texas 75243-7212

     With a copy to:

     Robert Blair Krueger, Esq.
     The Krueger Group, LLP
     5771 La Jolla Boulevard
     La Jolla, California 92037
     Telephone:  (858) 405-7385
     Facsimile: (858) 456-2540
     blair@thekruegergroup.com

or to such  other  person or  address  as Buyer  shall  furnish to the Seller in
writing.

     (b) If to the Seller, to:

     Dominus Energy A.G.
     Geissbachliweg 6B
     6318 Walchil, Switzerland

or to such  other  person or address  as the  Seller  shall  furnish to Buyer in
writing.

If personally  delivered,  such  communication  shall be deemed  delivered  upon
actual receipt;  if sent by overnight  courier pursuant to this paragraph,  such
communication  shall be deemed delivered upon receipt;  and if sent by U.S. mail
pursuant to this paragraph,  such communication  shall be deemed delivered as of
the date of delivery  indicated  on the receipt  issued by the  relevant  postal
service,  or, if the addressee  fails or refuses to accept  delivery,  as of the
date of such  failure or  refusal.  Any party to this  Agreement  may change its
address  for  the  purposes  of this  Agreement  by  giving  notice  thereof  in
accordance  with this  Section.  Notices sent by  facsimile or other  electronic
means shall not constitute notice under this Agreement.

     8.5 Costs of Litigation. The parties agree that the prevailing party in any
action  brought  with  respect to or to enforce  any right or remedy  under this
Agreement  shall be  entitled  to recover  from the other  party or parties  all
reasonable  costs  and  expenses  of  any  nature  whatsoever  incurred  by  the
prevailing party in connection with such action,  including  without  limitation
reasonable attorneys' fees and prejudgment interest.

     8.6 Entire Agreement. This instrument and the agreements referred to herein
embody the entire  agreement  between  the parties  hereto  with  respect to the
transactions  contemplated  herein,  and there have been and are no  agreements,
representations  or warranties between the parties other than those set forth or
provided  for herein.  By signing  this  Agreement,  the  parties are  expressly
effectuating the termination and release of all prior  obligations,  commitments
and agreements, whether written or oral, related to the acquisition of the Ozona
Gas Project which was publicly-announced in a press release distributed by Buyer
on or  about  June 1,  2009,  and  expressly  release  each  other  pursuant  to
California Civil Code Section 1542 from all obligations therefrom.

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<PAGE>
     8.7   Counterparts.   This  Agreement  may  be  executed  in  two  or  more
counterparts,  each of  which  shall be  deemed  an  original,  but all of which
together shall constitute one and the same instrument.

     8.8 Headings.  The headings in this Agreement are inserted for  convenience
only and shall not constitute a part hereof.

     IN WITNESS WHEREOF, the parties have executed this Agreement as of the date
and year first above written.

"BUYER"


-----------------------------

"SELLER"


------------------------------

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<PAGE>
                                    EXHIBIT A

                                LEGAL DESCRIPTION

LESSOR:

LESSEE:

DATED:

RECORDED:

     DESCRIPTION:  INSOFAR AND ONLY INSOFAR as said Lease  covers the S/2,  E.2,
                   SW/4,  SW/4 of  Section  124,  Block O,  G.H.  & S. A. RR Co.
                   Survey, Crockett County, Texas

LIMITED TO DEPTHS FROM THE SURFACE TO 5500 FEET SUBSURFACE.



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<PAGE>
                                    EXHIBIT B

                            ASSET PURCHASE AGREEMENT

NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU MAY REMOVE OR
STRIKE ANY OF THE FOLLOWING  INFORMATION FROM THIS INSTRUMENT BEFORE IT IS FILED
FOR RECORD IN THE PUBLIC  RECORDS:  YOUR SOCIAL SECURITY NUMBER OR YOUR DRIVER'S
LICENSE NUMBER.

                      TERM ASSIGNMENT OF OIL AND GAS LEASE

State:         Texas

County:        Crockett

Assignor:      DOMINUS ENERGY AG
               Geissbacghiweg, GB
               6318 Walchwill, Switzerland

Assignee:      NORTHERN EXPLORATIONS LTD.
               8655 East Via de Ventura, Suite G200
               Scottsdale, AZ 85258

Date Executed: __________________, 2009

Effective Date: _________________, 2009

     For  adequate  consideration,  Assignor,  named above,  sells,  assigns and
transfers to Assignee,  named above,  all of its  interest,  representing  a 70%
interest in the Oil and Gas Lease (the "Lease")  insofar as the Lease covers the
land  described on Exhibit "A" attached  hereto  covering  lands  located in the
county and state named above (the "Lands"). The Lease and Lands are described on
Exhibit A to this Assignment.

     Assignor  reserves to itself and excepts from this Assignment an overriding
royalty interest on all oil, gas and associated hydrocarbon substances produced,
saved,  and marketed from the Lease equal to the difference  between 26% and the
sum of  Lessor's  royalty and the other  revenue  burdens  affecting  the Lease,
proportionately reduced (the "Override").

     The  Override  is subject  to the terms and  provisions  of the Lease.  The
Override is subject to all applicable laws,  rules,  regulations,  and orders of
governmental authorities.

     The  Override  shall be free  and  clear of all  drilling,  developing  and
operating  costs and expenses.  However,  Assignor shall bear and pay all taxes,
present or future,  that are applicable  to, or connected  with, or a lien upon.
Assignor's  Override or the production  attributable  to the overriding  royalty
interest,  including,  without  limitation all  production,  severance,  excise,
gathering, transportation, or similar taxes attributable to Assignor's Override.
No  overriding  royalties  shall  be paid  or  shall  accrue  on any  oil,  gas,
casinghead gas, or other hydrocarbon  substances or minerals used for operating,
development,  or production  purposes upon the Lands or in treating  products to

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<PAGE>
make them  marketable,  or which are unavoidably  lost. No overriding  royalties
shall be payable on gas and casinghead  gas used for recycling or  re-pressuring
operations benefiting the Lands.

     No  obligations  express or implied,  shall  arise by reason of  Assignor's
reservation of the Override,  obligating  Assignee to keep or maintain the Lease
in force and effect by the payment of rentals,  shut-in royalties,  compensatory
royalties,  or other  payments,  or by drilling of wells on the Lands covered by
the Lease. It is understood that Assignor is only to receive the Override out of
the oil, gas and  associated  hydrocarbon  substances  if and when  produced and
saved from the Lands covered by the Lease.

     For  the  consideration   received,   Assignor  grants  to  Assignee,   its
successors,  assigns, and/or legal representatives,  the right and power to pool
and combine without the consent or joinder of Assignor, the Lands covered by the
Lease and the Override.

     This  Assignment  shall be binding  upon and will  inure to the  benefit of
Assignor and  Assignee and their  respective  heirs,  personal  representatives,
successors, and/or assigns.

     For the same  consideration  Assignor  hereby agrees to warrant and forever
defend the interest in the Lease conveyed  hereby unto Assignee,  its successors
and assigns,  from and against all claims arising by, through or under Assignor,
but not otherwise.

     This  Assignment  is for a  limited  term of  ninety  (90)  days  from  the
Effective  Date and so long  thereafter as oil and/or gas are produced in paying
quantities  from the  Lands  or from  lands  pooled  therewith  or the  Lease is
otherwise maintained as to the Lands pursuant to the terms thereof

                                    ASSIGNOR

                                    DOMINUS ENERGY A.G.

                                    By: /s/ Philippe Truetsch
                                       -----------------------------------------
                                    Name: Philippe Truetsch
                                         ---------------------------------------
                                    Title: President
                                          --------------------------------------

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<PAGE>
THE STATE OF TEXAS        )
                          )
COUNTY OF MIDLAND         )

     This instrument was acknowledged before me on the ___ day of _____________,
2009, by _______________, President of Dominus Energy A.G., a Swiss corporation,
on behalf of said corporation.


                                      -----------------------------
                                      Notary Public, State of Texas


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