Filed by Automated Filing Services Inc. (604) 609-0244 -  Explortex Energy Inc. - Exhibit 10.1






EXHIBIT 10.1 

LOAN AGREEMENT 

Made effective October 05, 2007 

BETWEEN 

CHRIS R. COOPER, an individual resident in Vancouver,
British Columbia 

(hereinafter referred to as the "Lender") 

- and - 

EXPLORTEX ENERGY INC., a corporation having an office in
Vancouver, British Columbia 

(hereinafter referred to as the "Debtor")

WHEREAS the Lender has agreed to lend certain amounts to
the Debtor, subject to and in accordance with the terms of this Loan Agreement;


NOW THEREFORE THIS AGREEMENT WITNESSES that in
consideration of the covenants and agreements herein contained the Lender and
the Debtor agree as follows: 

	1. 	
      Definitions

	 	 	 
		
      For the purposes of this Loan Agreement, unless there is
      something in the subject matter or context inconsistent
  therewith:

	 	 	 
		(a) 	
      "Event of Default" means any of the events specified in
      Section 7;

	 	 	 
		(b) 	
      "Indebtedness" means the Principal and all interest
      payable thereon;

	 	 	 
		(c) 	
      "GSA" means a general security agreement granting a
      security interest to the Lender in all of the present and after acquired
      property of the Debtor; and

	 	 	 
		(d) 	
      "Loan Documents" means this Loan Agreement, the GSA, each
      Note (as defined hereafter), and each other security or other document
      issued in connection herewith.




	2. 	
      Principal Amount

	 	 	 
		
      The Lender has agreed to advance to the Debtor funds in
      the aggregate amount of Thrity Thousand United States Dollars
      (US$30,000.00) (the "Principal"), available by one advance made October 5,
      2007. The obligation of the Debtor to repay the advance by the Lender is
      evidenced by a promissory note in substantially the form of Schedule A
      hereto made by the Debtor and payable to the order of the Lender on demand
      (the "Note").

	 	 	 
		
      The Lender shall have no obligation to make any advances
      hereunder unless the Lender is satisfied that:

	 	 	 
		(a) 	
      all representations and warranties in the Loan Documents
      are true and accurate in all respects;

	 	 	 
		(b) 	
      the Debtor is in compliance with all covenants contained
      in the Loan Documents;

	 	 	 
		(c) 	
      the Debtor is capable of repaying all advances and other
      amounts owing hereunder upon demand.







- 2 - 

	3. 	
      Interest

	 	 	 	 
		
      Interest shall accrue on the Principal amount immediately
      upon the advance of funds at the rate of one-half of one percent (1/2 %)
      per month.

	 	 	 	 
		(a) 	
      Such interest shall accrue on a daily basis and shall be
      calculated monthly in arrears in respect of the immediately preceding
      calendar month based on the actual number of days elapsed and shall accrue
      and be payable at the same rate both before and after demand, default and
      judgment, with interest accruing and payable on overdue interest at the
      same rate.

	 	 	 	 
		(b) 	
      If payment of the Principal becomes payable in accordance
      with Section 4, all accrued and unpaid interest shall also be payable on
      the date for payment of the Principal. If payment of the Principal is
      demanded hereunder, all accrued and unpaid Interest shall also be payable
      on the date for payment of the Principal so demanded.

	 	 	 	 
		(c) 	
      All payments made by the Corporation to the Holder
      hereunder shall be applied in the following order:

	 	 	 	 
			(i) 	
      to amounts due hereunder as interest on overdue
      amounts;

	 	 	 	 
			(ii) 	
      to amounts due hereunder as Interest;

	 	 	 	 
			(iii) 	
      to amounts due hereunder as Principal.

	 	 	 	 
	4. 	
      Repayment Terms

	 	 	 	 
		
      The Loan is for a period of six months. Principal plus
      Interest is due and payable on April 5, 2008. The Debtor hereby promises
      to pay to the Lender the entire amount of the Indebtedness on demand,
      which may be made at any time whether or not an Event of Default has
      occurred. In addition, the Debtor shall repay to the Lender all amounts
      owing hereunder by no later than April 5, 2008.

	 	 	 	 
	5. 	
      Representations and Warranties

	 	 	 	 
		
      The Debtor represents and warrants to the Lender at the
      date hereof and while any Indebtedness is outstanding hereunder as
      follows:

	 	 	 	 
		(a) 	
      The Debtor is duly incorporated and organized, validly
      existing and in good standing under the laws of Alberta, and is duly
      qualified to do business in such jurisdiction and in all other
      jurisdictions in which the nature of its business or the location of its
      property requires such qualification. The Debtor has the requisite power
      and authority to enter into this Loan Agreement and the Notes and to
      perform its obligations hereunder and thereunder.

	 	 	 	 
		(b) 	
      This Loan Agreement has been, and the Loan Documents will
      be, duly authorized, executed and delivered by the Debtor and constitute
      valid and binding obligations of the Debtor, enforceable against the
      Debtor in accordance with their respective terms.

	 	 	 	 
		(c) 	
      This Loan Documents will not violate any provision of the
      Debtor's organizational documents, or any contract, agreement, law,
      regulation, order or judgment to which the Debtor is subject.

	 	 	 	 
		(d) 	
      The Debtor's execution and delivery of the Loan Documents
      do not require the consent or approval of any other person or
    entity.







- 3 - 

	6. 	
      Payment of Indebtedness

	 	 	 	 
		
      The Debtor covenants that it will pay the Indebtedness in
      accordance with the terms and conditions of the Loan Documents.

	 	 	 	 
	7. 	
      Security Interest

	 	 	 	 
		
      As security for all advances under this Loan Agreement,
      the Debtor hereby grants to the Lender a security interest in all of the
      Debtor's present and after acquired property. The Debtor hereby agrees
      that it will, upon request by the Lender, grant in favor of the Lender a
      GSA and such other security as the Lender may request, in form and
      substance satisfactory to the Lender. In addition, the Debtor will, upon
      request by the Lender, cause any or all of its subsidiaries (now owned or
      hereafter acquired) to provide a guarantee in favor of the Lender in
      respect of the Debtor's obligations to the Lender as provided for in this
      Loan Agreement (including in respect of the Indebtedness) and any
      associated security.

	 	 	 	 
	8. 	
      Events of Default

	 	 	 	 
		
      The Debtor shall be in default under this Loan Agreement
      upon the occurrence of any of the following:

	 	 	 	 
		(a) 	
      if the Debtor fails to pay all or any part of the
      Indebtedness when it becomes due and payable;

	 	 	 	 
		(b) 	
      if the Debtor fails to observe or perform any other
      covenant or obligation under any of the Loan Documents or if any
      representation or warranty thereunder proves to be untrue or
    incorrect;

	 	 	 	 
		(c) 	
      if an order is made, or a resolution passed for the
      winding-up of the Debtor;

	 	 	 	 
		(d) 	
      if under the Bankruptcy and Insolvency Act (Canada) or
      any other bankruptcy, insolvency or analogous laws:

	 	 	 	 
			(i) 	
      the Debtor makes a general assignment for the benefit of
      creditors, files or presents a petition, makes a proposal or commits any
      act of bankruptcy; or

	 	 	 	 
			(ii) 	
      the Debtor is insolvent or declared bankrupt;

	 	 	 	 
		(e) 	
      if any execution, sequestration, seizure, restraint or
      any process of any court becomes enforceable against the Debtor, or a
      distress or comparable process of any court is levied upon any property of
      the Debtor, and in each case the same is not discharged within thirty (30)
      days.

	 	 	 	 
	9. 	
      Indebtedness Due and Rights and Remedies

	 	 	 	 
		
      Upon the occurrence of any Event of Default, the Lender,
      in its sole discretion, may do any one or more of the following: (i)
      declare all Indebtedness immediately due and payable without demand,
      protest, notice of protest, notice of default, presentment for payment or
      further notice of any kind; and/or (ii) proceed to enforce such other and
      additional rights and remedies as the Lender may have hereunder, or under
      any other agreements with the Debtor or as may be provided by
  law.







- 4 - 

	10. 	
      Waiver of Default

	 	 
		
      The Lender may at any time waive any Event of Default
      which may have occurred, provided that no such waiver shall extend to or
      be taken in any manner whatsoever to affect any subsequent Event of
      Default or the rights or remedies resulting therefrom.

	 	 
	11. 	
      Enurement

	 	 
		
      This Loan Agreement shall enure to the benefit of and be
      binding upon the Lender and its successors and assigns, and shall be
      binding upon the Debtor and its successors and assigns.

	 	 
	12. 	
      Applicable Law

	 	 
		
      This Loan Agreement shall be construed and enforceable
      under and in accordance with the laws of the Province of British Columbia
      and the Debtor hereby attorns to the jurisdictions of the Courts of the
      Province of British Columbia.

	 	 
	13. 	
      Notice

	 	 
		
      Without affecting any other method of giving notice, any
      notice required or permitted to be given hereunder to the Debtor shall be
      conclusively deemed to have been received by the Debtor on the date
      following the sending of the same by prepaid courier to the Debtor's
      address set forth below:



Explortex Energy Inc. 
#2410, 650
West Georgia Street 
Vancouver BC V6B 4N7 

	14. 	
      Time of Essence

	 	 
		
      Time shall be of the essence of this Loan
    Agreement.



IN WITNESS WHEREOF the parties have executed this Loan
Agreement to be effective the date first written above. 

	  	 	/s/ Chris R. Cooper 
	 	 	 
	  	 	CHRIS R. COOPER 
	  	 	  
	 	 	 
	  	 	EXPLORTEX ENERGY INC. 
	 	 	 
	/s/ D. Barry Lee 	 	/s/ Chris Cooper 
	  	 Per: 	
	WITNESS 	 	Chris Cooper, President







SCHEDULE "A" 
to the Loan Agreement between Chris R.
Cooper ("Lender") and 
Explortex Energy Inc. ("Debtor") made effective
October 5, 2007 

PROMISSORY NOTE 




PROMISSORY NOTE 

FOR VALUE RECEIVED, Explortex Energy Inc. (the
"Corporation") hereby acknowledges itself indebted and promises to pay to
Chris R. Cooper (together with all assignees of Chris R. Cooper, the
"Holder") the principal amount of Thirty Thousand United States Dollars
(US$30,000) (such amount, or the then outstanding portion of such amount, being
the "Principal"), together with Interest (as hereinafter defined)
thereon, in lawful money of the United States of America, on the following terms
and conditions: 

	1. 	
      At any time and from time to time all or any part of the
      Principal, together with any accrued but unpaid Interest thereon, shall be
      repaid by the Corporation to the Holder ON DEMAND by the Holder, without
      any notice being given to the Corporation.

	 	 	 	 
	2. 	
      This promissory note is issued pursuant to a Loan
      Agreement made effective October 5, 2007 by and between the Corporation
      and the Holder (the "Loan Agreement'), and is subject to all of the
      terms and conditions thereof.

	 	 	 	 
	3. 	
      Interest on the Principal, and payments of amounts due
      hereunder, shall be calculated and paid as follows:

	 	 	 	 
		(a) 	
      the Corporation shall pay to the Holder interest on the
      Principal at the rate of one-half of one percent (1/2 %) per month
      (hereinafter "Interest"), in accordance with
      the terms and conditions as prescribed by the Loan Agreement, and with
      those herein.

	 	 	 	 
		(b) 	
      All payments made by the Corporation to the Holder
      hereunder shall be applied in the following order:

	 	 	 	 
			(i) 	
      to amounts due hereunder as interest on overdue
      amounts;

	 	 	 	 
			(ii) 	
      to amounts due hereunder as Interest;

	 	 	 	 
			(iii) 	
      to amounts due hereunder as Principal.

	 	 	 	 
	4. 	
      Upon the commencement by or against the Corporation of
      any voluntary or involuntary bankruptcy, insolvency or receivership
      proceedings or the making by the Corporation of a general assignment for
      the benefit of its creditors, the Principal or unpaid portion thereof,
      together with any unpaid Interest accrued to the date of payment, shall,
      at the option of the Holder, become immediately due and payable on demand
      without notice.

	 	 	 	 
	5. 	
      Upon the indebtedness evidenced by this promissory note
      being paid in full, the Holder shall mark it "Paid in Full" and shall
      return it to the Corporation.

	 	 	 	 
	6. 	
      The Corporation, together with all persons who become
      liable hereon:

	 	 	 	 
		(a) 	
      severally waive presentment for payment, demand, protest,
      notice of protest and notice of dishonour;

	 	 	 	 
		(b) 	
      agree and consent that the time for payment of this note
      or any payment hereunder may be extended or this note may be renewed from
      time to time by the Holder without notice and without otherwise reducing,
      waiving, ending or otherwise affecting the liabilities of all parties;
      and








		(c) 	
      acknowledge that Holder will not be liable for or
      prejudiced by failure to collect or for lack of diligence in bringing suit
      on this note or any such renewal or extension.

	 	 	 
	7. 	
      This promissory note shall be governed by and construed
      in accordance with the laws of the Province of British Columbia and laws
      of Canada applicable therein.



DATED and effective as of October 5,
2007. 

	 	EXPLORTEX ENERGY
      INC. 
	 	 
	 	 	/s/ Chris Cooper 
	 	 Per: 	
	 	 	Chris Cooper, President