Exhibit
      10.1

    


    STOCK
      PURCHASE AGREEMENT

    


    This
      AGREEMENT made this 17th day of May, 2007 between SK Realty Ventures, Inc.,
      a
      Nevada corporation (“SK Realty” or the “Company”), Richard Miller (the “Seller”)
      and Alkhalifa
      Capital Corporation, LLC (the
      “Purchaser”).

    


    AGREEMENT

    


    In
      consideration of the terms hereof, the parties hereto agree as
      follows:

    


    1.
      PURCHASE AND SALE OF STOCK

    


    1.1
      Purchase
      of Stock.
      Upon
      the terms and subject to the conditions hereof, the Sellers collectively hereby
      sell, convey, transfer, assign and deliver to the Purchasers, or their designees
      and the Purchaser hereby purchases from the Seller, 10,000,000 shares of SK
      Realty common stock (the “Purchased Shares”), free and clear of all liens,
      charges, or encumbrances of whatsoever nature as of the date hereof.


    


    1.2
      Purchase Price. Subject
      to the terms and conditions of this Agreement, the total purchase price for
      the
      Purchased Shares (the “Purchase Price”) shall be Two Hundred Ten Thousand
      ($210,000.00) Dollars, payable by certified check or by wire transfer, at the
      Closing.

    


    1.3
      Down
      Payment. Simultaneously
      with the execution hereof, Purchasers shall deliver the sum of Fifty Thousand
      ($50,000.00) Dollars, as a down payment to be credited against the Purchase
      Price, to be held by counsel for the Seller, in accordance with the terms of
      this Agreement.

    


    1.4
      Due
      Diligence.
      For a
      period of five (5) business days after the date this Agreement is signed by
      all
      parties and becomes effective, Purchaser shall be permitted to conduct customary
      due diligence on the Company, the Seller, the assets and liabilities of the
      Company, and any other matter they feel appropriate. If, before the expiration
      of this due diligence period, the Purchaser is not satisfied with this due
      diligence in any respect, they may provide written notice to the representative
      for Seller and terminate this Agreement. In the event of such termination,
      the
      Down Payment will be promptly returned to the representative of Purchaser.
      If,
      however, Purchaser does not deliver written notice of termination by the last
      day of this due diligence period, then this Agreement shall remain in full
      force
      and effect, and the Down Payment shall be administered pursuant to Section
      1.7.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    


    1.5
      The
      Closing.  The
      closing of this Agreement (the “Closing”) shall occur on June 4, 2007 (the
“Closing Date”) at 10:00 a.m. local time at the offices of Cyruli Shanks &
Zizmor, LLP, or such other time or location as the parties hereto shall agree.
      

    


    1.6
      Deliveries
      at the Closing. On
      the
      Closing Date in order to effectuate the transfer of the Purchased
      Shares:

    


    (a)
      The
      Seller shall deliver to the Purchasers certificates representing all of the
      Purchased Shares, free and clear of any claim, lien, pledge, option, charge,
      easement, security interest, right-of-way, encumbrance, preemptive right or
      option or any other right of any third party of any nature whatsoever
      (“Encumbrance”), duly endorsed in blank for transfer or accompanied by stock
      powers duly executed in blank with all signatures Medallion guaranteed; provided
      that the Purchased Shares shall bear a standard restricted stock
      legend.

    


    (b)
      The
      Purchaser shall deliver the Purchase Price as set forth in Section 1.3
      above.

    


    (c)
      The
      Seller and the Purchaser shall each deliver all documents, certificates,
      agreements and instruments required to be delivered by each party as described
      herein.

     

    (d)
      All
      instruments and documents executed and delivered to any party pursuant hereto
      shall be in a form and substance, and shall be executed in a manner, reasonably
      satisfactory to the receiving party.

    


    1.7
      Release
      of Down Payment. The
      Seller and the Purchaser each agree that the Down Payment shall be released
      from
      escrow in accordance with the following:

     

    (a)
      At
      the Closing, to the Seller, as a credit against the Purchase Price.

    


    (b)
      In
      the event that the Closing does not occur prior to June 4, 2007, time being
      of
      the essence, and provided that the Closing has not occurred either because
      (x)
      the Seller refuses to consummate this transaction in accordance with the terms
      of this Agreement or (y) the Seller is not able to deliver all of the Purchased
      Shares to the Purchaser in accordance with the terms hereof, the Down Payment
      shall be delivered to 

    the
      Purchaser and this Agreement shall be deemed terminated with no party having
      any
      liability to the other party.

    


    (c)
      In
      the event that the Closing does not occur, for any other reason, prior to June
      4, 2007, time being of the essence, the Down Payment shall be delivered to
      the
      Seller, as liquidated damages and not as penalty, and this Agreement shall
      be
      deemed terminated with no party having any liability to the other
      party.

    


    1.8
      Assistance in Consummation of the Purchase and Sale of Purchased
      Shares.
      The
      Seller and the Purchaser shall provide all reasonable assistance to, and shall
      cooperate with, each other to bring about the consummation of the purchase
      and
      sale of the Purchased Shares and the other transactions contemplated herein
      as
      soon as possible in accordance with the terms and conditions of this Agreement.
      

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    


    2.
      REPRESENTATIONS AND WARRANTIES OF THE SELLER.

    


    The
      Seller represents and warrants as follows:

    


    2.1
      Good
      Title.
      All of
      the Purchased Shares are free and clear of any claim, lien, pledge, option,
      charge, easement, security interest, right-of-way, encumbrance, restriction
      on
      sale or transfer, preemptive right or option or any other right of any third
      party of any nature whatsoever.

    


    2.2
      Authority;
      No Violation.
      The
      execution and delivery of this Agreement by the Sellers and the consummation
      by
      them of the transactions contemplated hereby have been duly authorized by the
      Sellers. Neither the execution and delivery of this Agreement nor the
      consummation of the transactions contemplated hereby will constitute a violation
      or default under any term or provision of any contract, commitment, indenture,
      other agreement or restriction of any kind or character to which Seller is
      bound. The transfer of the shares of SK Realty common stock to the Purchasers
      is
      exempt from the registration requirements of all applicable securities laws
      and
      regulations. 

    


    2.3
      Consents and Approvals. Except
      for any required SEC filings by Seller, there is no requirement to make any
      filing, give any notice to or obtain any license, permit, certificate,
      regulation, authorization, consent or approval of, any governmental or
      regulatory authorities as a condition to the lawful consummation of the
      transactions contemplated by this Agreement except for the filings,
      notifications, consents and approvals described in this Agreement. 

    


    3.
      REPRESENTATIONS AND WARRANTIES BY SK REALTY.

    


    SK
      Realty
      hereby represents and warrants, as follows: 

    


    3.1
      Organization,
      Good Standing.
      SK
      Realty is a corporation duly incorporated, validly existing, and in good
      standing under the laws of Nevada and has all requisite corporate power and
      authority to own, operate and lease its properties and assets and to carry
      on
      its business as now conducted.

    


    3.3
      Authority;
      No Violation.
      The
      execution and delivery of this Agreement by SK Realty has been duly authorized
      by SK Realty. Neither the execution and delivery of this Agreement nor the
      consummation of the transactions contemplated hereby will constitute a violation
      or default under any term or provision of the Certificate of Incorporation
      or
      By-Laws of SK Realty, or of any contract, commitment, indenture, other agreement
      or restriction of any kind or character to which SK Realty or by which SK Realty
      is bound.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    


    3.4
      Capitalization.
      SK
      Realty has an authorized capitalization of 300,000,000 shares of common stock,
      par value $____ per share, and 10,000,000 shares of preferred stock, par value
      $____ per share. As of the date hereof, there are 13,625,240 shares of common
      stock validly issued and outstanding and no shares of preferred stock issued
      and
      outstanding. No shares of SK Realty are held in treasury. As of the date hereof,
      the Sellers own 10,000,000 shares of SK Realty common stock. All issued and
      outstanding shares of SK Realty are validly issued, fully paid and
      non-assessable. There are no outstanding or authorized subscriptions, options,
      warrants, calls, rights, commitments or other agreements of any character which
      obligate or may obligate SK Realty to issue any additional shares of any of
      its
      capital stock or any securities convertible into or evidencing the right to
      subscribe for any shares of any such capital stock.

    


    3.5
      OTCBB
      Listing; SEC Reporting. SK
      Realty
      common stock is currently cleared for quotation on the Over-The-Counter Bulletin
      Board (“OTCBB”) under the symbol "SKRV”. There are no stop orders in effect or
      contemplated with respect thereto and no facts exist which may give rise there.
      SK Realty has filed all reports required to be filed by SK Realty pursuant
      to
      the Securities Act of 1934, as amended. SK Realty has not been informed, and
      has
      no reason to believe, that its common stock will be de-listed or suspended
      by
      the NASD. SK Realty has fully complied will all applicable securities laws
      and
      regulations and is not in default of any of its obligations
      thereunder.

    


    3.6
      Litigation.
      SK
      Realty
      is not a party to or the subject of any pending litigation, claims, decrees,
      orders, stipulations or governmental investigation or proceeding, and there
      are
      no lawsuits, claims, assessments, investigations, or similar matters, against
      or
      affecting SK Realty, its management or its properties. SK Realty has complied
      in
      all material respects with all laws, statutes, ordinances, regulations, rules,
      decrees or orders applicable to it.

    


    3.7
      Financial
      Statements.
      SK
      Realty has delivered to Purchaser a true and complete copy of its Form 10-KSB
      for the year ended December 31, 2006 (the "SK Realty Financial Statements").
      The
      SK Realty Financial Statements are complete, accurate and fairly present the
      financial condition of SK Realty as of the dates thereof and the results of
      its
      operations for the periods then ended. There are no liabilities or obligations
      either fixed or contingent not reflected therein. The SK Realty Financial
      Statements have been prepared in accordance with generally accepted accounting
      principles applied on a consistent basis and fairly present the financial
      position of Explorations as of the dates thereof and the results of its
      operations and changes in financial position for the periods then
      ended.

    


    3.8
      Subsidiaries
      and Affiliates.
      As of
      the Closing, SK Realty shall not own, directly or indirectly, have any
      ownership, equity, profits or voting interest in, or otherwise control, any
      corporation, partnership, joint venture or other entity, and has no agreement
      or
      commitment to purchase any such interest.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    4.
      CONDITIONS
      PRECEDENT

    


    4.1
      Conditions
      Precedent to the Obligations of The Seller. 

    


    All
      obligations of the Sellers under this Agreement are subject to the fulfillment,
      prior to or as of the Closing and/or the Closing Date, as indicated below,
      of
      each of the following conditions:

    


    (a)
      The
      Purchaser shall have performed and complied with all covenants, agreements,
      and
      conditions set forth in, and shall have executed and delivered all documents
      required by this Agreement to be performed or complied with or executed and
      delivered by it prior to or at the Closing.

    


    (b)
      Shareholders of the Company holding 3,309,000 shares have simultaneously sold
      such shares pursuant to separate purchase agreements, where the total
      consideration is $510,000.

    


    4.2
      Conditions
      Precedent to the Obligations of The Purchaser. 

    


    All
      obligations of the Purchaser under this Agreement are subject to the
      fulfillment, prior to or at the Closing, of each of the following
      conditions:

    


    (a)
      The
      representations and warranties by the Sellers and SK Realty contained in this
      Agreement or in any certificate or document delivered pursuant to the provisions
      hereof shall be true in all material respects at and as of the Closing as though
      such representations and warranties were made at and as of such
      time.

    


    (b)
      The
      Seller shall have performed and complied with, in all material respects, all
      covenants, agreements, and conditions required by this Agreement to be performed
      or complied with prior to or at the Closing.

    


    (c)
      As of
      the Closing, all officers and directors of SK Realty shall have resigned in
      writing effective upon the election and appointment of the Purchaser’s
      nominees.

    


    (d)
      On or
      before the Closing Date, SK Realty shall have delivered to the Purchaser
      certified copies of resolutions of the board of directors of SK Realty approving
      and authorizing the execution, delivery and performance of this Agreement and
      authorizing all of the necessary and proper action to enable SK Realty to comply
      with the terms of this Agreement including the election of the Purchaser’s
      nominees to the Board of Directors of SK Realty and all matters outlined
      herein.

    


    (e)
      Shareholders of the Company holding 3,309,000 shares have simultaneously sold
      such shares pursuant to separate purchase agreements, where the total
      consideration is $510,000.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    


    5.
      GENERAL

    


    5.1
      Notices.
      Any
      notice under this Agreement shall be deemed to have been sufficiently given
      if
      sent by registered or certified mail, postage prepaid or national overnight
      carrier, addressed to a party at the addressed set forth below or to any other
      address or addresses ay hereafter be designated by either party by notice given
      in such manner. All notices shall be deemed to have been given as of the date
      of
      receipt.

    


    Notices
      shall be delivered to the following representatives of the respective
      parties:

    


    Alkhalifa
      Capital Corporation LLC

    999
      Stinson Way, Suite 301

    West
      Palm
      Beach, Florida 33411

    


    5.2
      Further
      Assurances.
      Each
      party hereto hereby agrees to take any further action necessary or desirable
      to
      carry out the provisions of this Agreement.

    


    5.3
      Counterparts.
      This
      Agreement may be executed in any number of counterparts, each of which when
      executed and delivered shall be an original, and all such counterparts shall
      constitute one and the same instrument. In the event that any signature is
      delivered by facsimile transmission, such signature shall create a valid binding
      obligation of the party executing (or on whose behalf such signature is
      executed) the same with the same force and effect as if such facsimile signature
      were the original thereof.

    


    5.4
      Prior
      Agreements; Amendments.
      This
      Agreement supersedes all prior agreements and understandings between the parties
      with respect to the subject matter hereof. This Agreement may be amended only
      by
      a written instrument duly executed by the parties hereto or their respective
      successors or assigns.

    


    5.5
      Governing
      Law.
      This
      Agreement shall be governed by and construed according to the laws of the State
      of New York.

    


    5.6
      Expenses.
      All
      fees and expenses incurred by the Sellers in connection with the transactions
      contemplated by this Agreement shall be borne by the Sellers and all fees and
      expenses incurred by the Purchasers in connection with the transactions
      contemplated by this Agreement shall be borne by the Purchasers.

    


    5.7
      Parties
      in Interest.
      All the
      terms and provisions of this Agreement shall be binding upon, shall inure to
      the
      benefit of, and shall be enforceable by the prospective heirs, beneficiaries,
      representatives, successors, and assigns of the parties hereto.

    


    5.8
      Headings.
      The
      section and paragraph headings contained in this agreement are for reference
      purposes only and shall not affect in any way the meaning or interpretations
      of
      this Agreement.

    


    (**
      Signature Pages Follow **)

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    


    (**
      Signature Page **)

    


    IN
      WITNESS WHEREOF, the parties have caused this Agreement to be executed the
      day
      and year first above written.

     

    
      	 	 	SK Realty, Ventures,
              Inc., 
	 	 	/s/ Richard
              Miller 
	 	 	
              
                

              

              By: Richard Miller 

            
	 	 	Title:
              President 


    

     

    


    
      	
              The
                Seller:

            	 	 
	 	 	 
	
              s/
                Richard Miller

              
                

              

              Name:
                Richard Miller

            	
              Address:

               

            	
              
 


    

    


     

    
      	
              The
                Purchaser:

              Alkhalifa
                Capital Corporation LLC

               

               

            	 	 
	
              
                /s/
                  Chris Salmonson

                
                  

                

              

              Name:
                Shaikh Isa Mohamed Isa Alkhalifa

              Chris
                Salmonson, P.O.A.

              Title:
                Member

            	
              Address: