Document:

Exhibit 10.1 (Coach Promissory Note)

                                                                                                            Exhibit
    10.1
        

    

    PROMISSORY
      NOTE

    

    $965,000
      USD                                                                                               Date:
      September 6, 2005

    

    

    FOR
      VALUE
      RECEIVED, QUEST
      OIL CORP.
      (the
“Promissor”) hereby promises to pay to COACH
      CAPITAL LLC,
      or such
      other holder for the time being hereof (the “Holder”), the

    Principal
      amount of Nine Hundred Sixty-Five Thousand Five Hundred Dollars ($965,500)
      in
United
      States currency (the “Principal Amount”) on October 30, 2005, and to pay
      interest thereon at 

    the
      rate
      of ten per cent (10%) per annum calculated annually on so much of the Principal
      Amount as
      shall
      be outstanding from time to time, on October 30, 2005; provided that the
      Principal Amount

    may
      be
      prepaid in whole or in part at any time without notice. 

    

    Default
      in paying the Principal Amount or any interest shall, at the option of the
      Holder, render the entire
      balance then owing hereunder at once due and payable. Time shall be of the
      essence of this Note. Extension of time for payment of all or any part of the
      amount owing hereunder at any time or
      times,
      or failure of the Holder to enforce any of the rights or remedies hereunder
      shall not release
      the Promissor and shall not constitute a waiver of the rights of the Holder
      to
      enforce such rights
      and remedies thereafter.

    

    Should
      suit be brought to recover on this Note, the Promissor promises to pay
      reasonable attorney’s fees
      and
      court costs in addition to the amount found to be due on this Note.

    

    IN
      WITNESS WHEREOF the Promissor has executed this Note on September 6,
      2005.

    

    

    QUEST
      OIL
      CORP.

    

    

    

    By:________________________

    Authorized
      Signatory

    

    

    

    

    
      
        1Exhibit 10.2 (John Chan Agreement)

    Exhibit
      10.2

    
 

    LOAN
      AGREEMENT

    

    THIS
      AGREEMENT dated for reference September 7, 2005

    

    AMONG:

    

    QUEST
      OIL CORPORATION.
      having
      business addresses of Suite 513 - 11215 Jasper Avenue, Edmonton, Alberta,
      Canada, T5K 0K5 (Tel : 817-462-4091, Fax : 800-868-0402, Email :
      info@questoil.com) and Suite 600 - 2000 East Lamar Blvd, Arlington, Texas,
      United States, 76006, (Tel : 817-462-4091, Fax : 800-868-0402, Email :
      info@questoil.com)

    

    (the
      "Borrower")

    

    OF
      THE
      FIRST PART

    

    AND:

    JOHN
      CHAN
      c/o
      Suite 600 - 666 Burrard Street, Vancouver B.C. V6C 2X8, Canada

    

    (the
      "Lender")

    OF
      THE
      SECOND PART

    

    WHEREAS:

    

    A.  The
      Borrower has requested and the Lender has agreed to provide the Borrower with
      a
      loan of CDN$100,000 on the terms and conditions set forth herein

    

    NOW
      THEREFORE, in consideration of the premises and the mutual covenants and
      agreements hereinafter set forth, the parties hereto covenant and agree with
      each other as follows:

    

    1)    LOAN

    

    
      	 	
              a)

            	
              Subject
                to the terms and conditions hereof, the Lender will lend to the Borrower
                the principal amount of CDN$100,000 (the
                "Loan");

            

    

    

    
      	 	
              b)

            	
              The
                Borrower agrees to pay out of the proceeds of
                Loan:

            

    

    

    
      	 	
              i)

            	
              the
                sum of CDN$10,700 to John T. Martin in regard of consulting fees
                the
                Borrower agrees that it owes to John T.
                Martin;

            

    

    

    
      	 	
              ii)

            	
              the
                sum of CDN$850 to Fang and Associates, solicitors for the Lender,
                in
                regard of legal fees incurred by the Lender which the Borrower agrees
                to
                pay, 

            

    

    

    for
      a
      total of CDN$11,550 (the "Disbursements");

    

    
      	 	
              c)

            	
              Within
                the business day of that this Agreement has been executed by all
                parties,
                the Lender shall make available for pick up through its solicitors,
                Fang
                and Associates, a cheque for CDN$88,450, the net proceeds of the
                Loan less
                the Disbursements, provided that the Borrower delivers to such legal
                counsel, an executed copy of this Agreement, the promissory note
                attached
                as Schedule "A" to this Agreement, the order to pay in the form attached
                hereto as Schedule "B", the declaration of waiver of independent
                legal
                advice or the certificate of independent legal advice attached hereto
                as
                Schedule "C" and the fully executed directors' resolutions of the
                Borrower
                approving this Agreement (inclusive of all
                schedules);

            

    

    

    
      	 	
              d)

            	
              The
                Loan shall bear interest commencing from the date of advance, before
                and
                after default, before and after maturity and after judgment (with
                interest
                on the overdue interest at the same rate) at an annual rate equal
                to 10%
                not compounded and not in advance (the “Interest
                Rate”);

            

    

    

    
      	 	
              e)

            	
              All
                payments shall be applied first to reduction of interest to the date
                of
                payment and secondly in reduction of the
                principal;

            

    

    

    
      	 	
              f)

            	
              The
                principal balance of the Loan together with all accrued interest
                thereon
                shall be paid in full on or before Friday, October 28,
                2005.

            

    

    

    
      	 	
              g)

            	
              All
                payments made by the Borrower to the Lender hereunder will be made
                to the
                Lender at 1736
                East Hastings Street, Vancouver, BC, V5L 1S9 or
                at such other place as the Lender may advise the Borrower from time
                to
                time in writing;

            

    

    

    
      	 	
              h)

            	
              The
                Borrower shall have the right to prepay the principal balance of
                the Loan
                in whole or in part together with all accrued interest thereon and
                all
                other monies due hereunder without penalty or bonus at any
                time;

            

    

    

    
      	 	
              i)

            	
              The
                records of the Lender as to payment of the principal and interest
                or any
                part or parts thereof being in default or of any demand for payment
                having
                been made shall be prima facie proof of such default or such
                demand;

            

    

    

    
      	 	
              j)

            	
              At
                the sole option of the Lender, the principal balance of the Loan
                together
                with all accrued interest thereon and all other monies due hereunder
                shall
                become immediately due and payable upon the occurrence of any of
                the
                following events:

            

    

    

    
      	 	
              i)

            	
              if
                a default be made in:

            

    

    

    

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    
      	 	
              (1)

            	
              payment
                to the Lender by the Borrower of the principal or interest or any
                part or
                parts thereof when due;

            

    

    

    
      	 	
              (2)

            	
              the
                performance of the Borrower of any of the terms or conditions of
                this
                Agreement; or

            

    

    

    
      	 	
              ii)

            	
              any
                execution, sequestration, extent or any other process of any court
                becomes
                enforceable against the Borrower;
                or

            

    

    

    
      	 	
              iii)

            	
              the
                Borrower sells, transfers, or other wise disposes of or deals with
                substantially all of the assets or undertaking of the Borrower without
                the
                prior written consent of the Lender;
                of

            

    

    

    
      	 	
              iv)

            	
              the
                Borrower ceases or demonstrates an intention to cease to carry on
                its
                business; or

            

    

    

    
      	 	
              v)

            	
              the
                Borrower makes an assignment for the benefit of its creditors or
                is
                declared bankrupt or makes an authorized assignment or a receiver
                is
                appointed under the Bankruptcy and Insolvency Act or a receiver or
                receiver-manager of all or any part of the property of the Borrower
                is
                appointed; or

            

    

    

    
      	 	
              vi)

            	
              without
                the prior written consent of the Lender, an order is made or an effective
                resolution is passed for winding up the Borrower, or there is a change
                in
                registered owners of the shares of the Borrower or a change in the
                persons
                having effective voting control of the Borrower or the Borrower enters
                into an amalgamation, a merger or other similar arrangements with
                any
                other person.

            

    

    

    
      	
              2)

            	
              COVENANTS
                OF THE BORROWER

            

    

    

    The
      Borrower covenants to:

    

    
      	 	
              (a)

            	
              duly
                and punctually pay or cause to be paid to the Lender all amounts
                required
                to be paid to it pursuant to this Agreement in the manner set forth
                herein;

            

    

    

    
      	 	
              (b)

            	
              duly
                observe and perform each and all of its covenants and agreements
                as set
                forth in this Agreement;

            

    

    

    
      	 	
              (c)

            	
              at
                all times maintain its corporate existence and carry on and conduct
                its
                businesses in a proper and efficient manner and will keep or caused
                to be
                kept proper books of account;

            

    

    

    3)    REPRESENTATIONS
      AND WARRANTIES

     

    The
      Borrower represents and warrants to the Lender as follows, which representations
      and warranties shall survive the execution and delivery of this Agreement and
      all instruments and agreements delivered pursuant thereto, and the advance
      of
      the Loan:

    

    
      	 	
              a)

            	
              the
                Borrower has full power, authority, capacity and legal right to enter
                into
                and to perform this Agreement and all instruments and agreements
                delivered
                pursuant hereto;

            

    

    

    
      	 	
              b)

            	
              This
                Agreement have been approved by the directors of the
                Borrower;

            

    

    

    
      	 	
              c)

            	
              the
                Borrower is duly incorporated and is validly subsisting under the
                laws of
                the State of Nevada;

            

    

    

    
      	 	
              d)

            	
              there
                are no claims, actions, suits or proceedings pending or threatened
                against
                or affecting the Borrower at law or in equity which would result
                in any
                material adverse change in the business, operations, prospects,
                properties, assets or conditions, financial or otherwise, of the
                Borrower,
                or in the ability of the Borrower to perform its obligations under
                this
                Agreement or any agreement or instrument delivered pursuant hereto,
                and
                the Borrower is not aware of any existing grounds on which any claim
                might
                be made or any such action, suit or proceeding might be commenced
                with any
                reasonable likelihood of success;

            

    

    

    
      	 	
              e)

            	
              no
                person has any agreement, option, understanding or commitment, or
                any
                right or privilege (whether by law, pre-emptive or contractual) capable
                of
                becoming an agreement, option or commitment for the purchase of any
                of the
                shares of the Borrower.

            

    

    

    4)    DEFAULT

    

    The
      Borrower shall be in default under this Agreement, unless waived in writing
      by
      the Lender, in any of the following events:

    

    
      	 	
              (a)

            	
              if
                the Borrower defaults in payment when due of the principal and interest
                owing under this Agreement;

            

    

    

    
      	 	
              (b)

            	
              if
                the Borrower defaults in the performance or observance of any other
                term,
                condition or covenant contained herein or in any other agreement
                between
                the Lender and the Borrower and such default is not remedied within
                five
                (5) days' notice from the Lender to the Borrower specifying such
                default;

            

    

    

    

    
      	 	
              (c)

            	
              if
                any representation, warranty or statement made in this Agreement,
                or any
                certificate or other document delivered to the Lender pursuant to
                this
                Agreement is untrue or incorrect in any material
                respect;

            

    

    

    
      	 	
              (d)

            	
              the
                Borrower declares itself to be insolvent or admits in writing its
                inability to pay its debts generally as they become due, or makes
                any
                assignment for the benefits of its creditors, is declared bankrupt,
                makes
                or files a notice of intention to make a proposal or otherwise takes
                advantage of provisions for relief under the Bankruptcy and Insolvency
                Act, the Companies Creditors' Arrangement Act or similar legislation
                in
                any jurisdiction, or makes an authorized assignment;
                or

            

    

    

    
      	 	
              (e)

            	
              a
                receiver, receiver and manager or receiver-manager of all or any
                part of
                the assets of the Borrower is appointed;
                or

            

    

    

    
      	 	
              (f)

            	
              an
                order is made or an effective resolution is passed for winding-up
                of the
                Borrower; or

            

    

    

    
      	 	
              (g)

            	
              the
                Borrower ceases or threatens to cease to carry on all or a substantial
                part of its business;

            

    

    

    5)    GUARANTEE

    

    
      	 	
              a)

            	
              The
                Guarantor makes the following representations and warranties to the
                Lender
                which shall be true and correct in all respects as of the date
                hereof:

            

    

    

    
      	 	
              i)

            	
              the
                Guarantor is executing and delivering this Guarantee at the sole
                and
                exclusive request of the Borrower;

            

    

    

    
      	 	
              ii)

            	
              the
                Guarantor has derived or expects to derive an indirect financial
                and other
                advantage from each and every loan, advance or other extension of
                credit
                and from each and every extension, renewal, release of security or
                other
                indulgence or relinquishment of legal or equitable rights heretofore,
                now
                or hereafter made or granted by the Lender to the Borrower in connection
                with any of the Loan Indebtedness (as hereinafter
                defined);

            

    

    

    
      	 	
              iii) 

            	
              the
                Guarantor has in no way whatsoever, directly or indirectly, sought,
                received or relied upon any representation or statement from or any
                agreement or undertaking with the Lender;
                and

            

    

    

    

    
      
        2

      

      
         

        
          

        

      

      
         

      

    

    
      	 	
              iv)

            	
              the
                Guarantor has established means satisfactory to it of obtaining from
                the
                Borrower, independently of the Lender, on a continuing basis such
                additional or future financial and other information and copies of
                all
                agreements, instruments and other writings as he may deem appropriate
                or
                desirable concerning the Borrower.

            

    

    

    
      	 	
              b)

            	
              The
                Guarantor unconditionally, absolutely and irrevocably covenants and
                agrees
                to make to the Lender the full and punctual payment when due, whether
                at
                stated maturity, by reason of acceleration or demand or otherwise,
                any
                principal or interest owing now or at any time to the Lender (the
                "Loan
                Indebtedness").

            

    

    

    
      	 	
              c)

            	
              The
                Guarantor covenants and agrees with the Lender that the obligations
                and
                liabilities of the Guarantor hereunder shall be irrevocable and,
                so long
                as any of the Loan Indebtedness shall remain unpaid, shall continue
                and be
                of full force and effect.

            

    

    

    6)    MISCELLANEOUS

    

    
      	 	
              a)

            	
              Each
                of the parties hereby covenants and agrees that at any time upon
                the
                request of the other party, do, execute, acknowledge and deliver
                or cause
                to be done, executed, acknowledged and delivered all such further
                acts,
                deeds, assignments, transfers, conveyances, powers of attorney and
                assurances as may be required for the better carrying out and performance
                of all the terms of this Agreement.

            

    

    

    
      	 	
              b)

            	
              The
                representations, warranties and covenants in this Agreement will
                survive
                any closing or advance of funds and, notwithstanding such closing
                or
                advances, will continue in full force and
                effect.

            

    

    

    
      	 	
              c)

            	
              Any
                notice required or permitted to be given or delivery required to
                be made
                to any party may be effectively given or delivered if it is delivered
                personally or by telecopy at the addresses or telephone numbers set
                out
                above or to such other address or telephone number as the party entitled
                to or receiving such notice may notify the other party as provided
                for
                herein. Delivery shall be deemed to have been
                received:

            

    

    

    
      	 	
              i)

            	
              the
                same day if given by personal service or if transmitted by fax;
                and

            

    

    

    
      	 	
              ii)

            	
              the
                fifth business day next following the day of posting if sent by regular
                post.

            

    

    

    
      	 	
              d)

            	
              This
                Agreement will be governed by and be construed in accordance with
                the laws
                of British Columbia.

            

    

    

    

    
      	 	
              e)

            	
              All
                matters in difference between the parties in relation to this Agreement
                shall be referred to the arbitration of a single arbitrator, if the
                parties agree upon one, otherwise to three arbitrators, one to be
                appointed by each party and a third to be chosen by the first two
                named
                before they enter upon the business of arbitration. The award and
                determination of the arbitrator or arbitrators or any two of the
                three
                arbitrators shall be binding upon the parties and their respective
                heirs,
                executors, administrators and
                assigns.

            

    

    

    
      	 	
              f)

            	
              This
                Agreement will be binding upon and enure to the benefit of the parties
                hereto and their respective heirs and executors and successors and
                assigns
                as the case may be. This Agreement may not be assigned without the
                prior
                written consent of the other party.

            

    

    

    
      	 	
              g)

            	
              This
                Agreement constitutes the entire agreement between the parties and
                supersedes all prior letters of intent, agreements, representations,
                warranties, statements, promises, information, arrangements and
                understandings, whether oral or written, express or implied. The
                recitals
                and any schedules form a part of and are incorporated by reference
                into
                this Agreement.

            

    

    

    
      	 	
              h)

            	
              No
                modification or amendment to this Agreement may be made unless agreed
                to
                by the parties thereto in writing.

            

    

    

    
      	 	
              i)

            	
              In
                the event any provision of this Agreement will be deemed invalid
                or void,
                in whole or in part, by any court of competent jurisdiction, the
                remaining
                terms and provisions will remain in full force and
                effect.

            

    

    

    
      	 	
              j)

            	
              Time
                is of the essence

            

    

    

    
      	 	
              k)

            	
              This
                Agreement may be executed in any number of counterparts with the
                same
                effect as if all parties to this Agreement had signed the same document
                and all counterparts will be construed together and will constitute
                one
                and the same instrument and any facsimile signature shall be taken
                as an
                original.

            

    

    

    IN
      WITNESS WHEREOF the parties hereto have duly executed this Agreement as of
      the
      day and year first above written.

    

    QUEST
      OIL CORPORATION

    

    

    
      
        

      

    

    Per:
      Authorized Signatory

    

    

    
      
        

      

    

    JOHN
      CHAN

    

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

     

    Schedule
      "A"

     

    PROMISSORY
      NOTE

    

    

    In
      consideration of one dollar, the receipt and sufficiency of which is hereby
      acknowledged, Quest Oil Corporation (the "Company") acknowledges the loan from
      John Chan of CDN$100,000 and the Company agrees that it shall pay on or before
      Friday, October 28, 2005 pay John Chan the sum of CDN$100,000 together with
      interest at the rate of 10% per annum, not compounded and not in
      advance.

    

    Presentation
      for payment, notice of non-payment, protest and notice of protest of this note
      and guarantee are waived.

    

    

    DATED
      ____________________

    

    QUEST
      OIL CORPORATION

    

    

    
      
        

      

    

    Per:
      Authorized Signatory

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    
 

    Schedule
      "B"

     

    ORDER
      TO PAY

     

    

    To:   Fang
      and
      Associates Barristers & Solicitors

         1925
      -
      700 West Georgia Street

         Vancouver,
      B.C.

         V7Y
      1A1

    

    You
      are
      hereby irrevocably authorized to pay out of the proceeds of a certain Loan
      from
      John Chan of $100,000, the following:

    

    
      	 	
              a)

            	
              the
                sum of CDN$10,700 to John T.
                Martin;

            

    

    
      	 	
              b)

            	
              the
                sum of CDN$850 to Fang and Associates, solicitors for the Lender;
                and

            

    

    
      	 	
              c)

            	
              the
                sum of CDN$88,450 to Quest Oil
                Corporation.

            

    

    

    

    DATED
      September 7, 2005

    

    QUEST
      OIL CORPORATION

    

    

    
      
        

      

    

    Per:
      Authorized Signatory

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    Schedule
      "C"

    

    

    DECLARATION
      OF WAIVER OF INDEPENDENT LEGAL ADVICE

    

    

    DATE:    September
      8,
      2005

    

    TO:      John
      Chan

         
Fang
      and Associates Barristers & Solicitors

    

    I
      HEREBY
      CERTIFY THAT:

    

    
      	
              1.

            	
              I
                have been recommended to seek independent legal advice with regard
                to the
                execution of:

            

    

    

    (a)    Loan
      Agreement; and

    
      	 	
              (b)

            	
              all
                other documents and instruments necessary to give effect to the
                foregoing

            

    

    

    
      	 	
              and
                obtain an independent legal advice certificate in the form attached
                hereto.

            

    

    
      	
              2.
                

            	
              I
                have had the opportunity to seek independent legal advice and I have
                decided without fear, threat, influence or compulsion that I will
                not
                avail myself of that opportunity.

            

    

    

    I
      HEREBY
      ACKNOWLEDGE AND DECLARE that all statements made on this Certificate are true
      and correct.

     

    

      
        

      

    

    Cameron
      King

    

    

    Quest
      Oil
      Corporation 

     

    

      
        

      

    

    Authorized
      Signatory

     

    

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    

    CERTIFICATE
      OF INDEPENDENT LEGAL ADVICE

    

    TO:    John
      Chan

      
      Fang and Associates Barristers & Solicitors

    

    I
      HEREBY
      CERTIFY THAT:

    

    1.    I
      have been
      consulted by Quest Oil Corporation and Cameron King as to the consequences
      which
      would incur by executing Loan Agreement (collectively, the
      "Instruments").

    

    2.    Quest
      Oil
      Corporation and Cameron King consulted me alone and not in the presence of
      any
      of John Chan.

    

    3.    I
      have
      explained the consequences of signing the Instruments and plainly before Quest
      Oil Corporation Cameron
      King and declared that he/she fully understood the nature and effect of the
      Instruments and he/she acknowledged that he/she is executing the Instruments
      freely and voluntarily on behalf of Quest Oil Corporation and Cameron King
      and
      without fear, threat, influence or compulsion of, from or by John
      Chan.

    

    4.    He/She
      acknowledged that he/she and the board of directors understood the nature and
      effect of the Instruments and the liabilities that could arise
      hereunder.

    

    5.    He/She
      acknowledged that he/she understood the nature and effect of the Instruments
      as
      it relates to any claim or rights Quest Oil Corporation and Cameron King may
      have and he/she acknowledged that he/she and the board of directors of Quest
      Oil
      Corporation and Cameron King understood the effect of such
      implications.

    

    6.    He/She
      consulted me and I gave the above advice to him/her before he/she executed
      the
      Instruments on behalf of Quest Oil Corporation and Cameron King.

    

    AND
      I
      FURTHER CERTIFY THAT I have given this advice to Quest Oil Corporation

    Cameron
      King as solicitor for Quest Oil Corporation and Cameron King and without regard
      or consideration for the interest of John Chan.

    

    DATED:
      September 8, 2005.

     

    
 

    
      
        

      

    

    Solicitor

    

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    I
      HEREBY
      ACKNOWLEDGE AND DECLARE that all statements made on the foregoing Certificate
      are true and correct, and that (name of lawyer) was advising me as stated
      therein and was consulted by me as the solicitor for Quest Oil Corporation
      and
      Cameron King and that I, on behalf of Quest Oil Corporation and

    Cameron
      King, received advice before executing the Instruments.

     

     

    
      
        

      

    

    Cameron
      King

     

    
Quest
      Oil
      Corporation 

     

    

      
        

      

    

    Authorized
      Signatory

    

    

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

       

      QUEST
        OIL CORPORATION

    

    

    The
      undersigned, being all the directors of QUEST
      OIL CORPORATION
      (the
      "Company") hereby consent to and adopt the following resolutions effective
      September 7, 2005.

    

    WHEREAS
      the Company has negotiated an agreement for a loan of CDN$100,000 on such terms
      and conditions in the form attached hereto (the "Agreement").

    

    BE
      IT
      RESOLVED THAT:

    

    
      	
              1) 

            	
              The
                negotiation, execution and delivery by any director or officer of
                the
                Company of the Agreement and any amendments thereto on such terms
                and
                conditions as are acceptable to the directors of the Company in their
                absolute discretion be and are hereby ratified and approved and any
                director or officer, be and is hereby authorized for and behalf the
                Company to execute under seal or otherwise all other instruments,
                documents, things and writings, and perform and do all such other
                acts and
                things as in their discretion they deem advisable for the purpose
                of
                giving effect to the Agreement. 

            

    

    

    
      	
              2)

            	
              These
                resolutions may be signed in counterpart which taken together shall
                constitute one and the same instrument and any facsimile signature
                shall
                be taken as an original.

            

    

    

    

    
      
        

      

    

    Cameron
      King

     

     

    
      
        

      

    

    Dr.
      Jim
      Irwin 

    
 

    
      
        

      

    

    Joseph
      F.
      Wallen

    
 

    
      
        

      

    

    Douglas
      Blackman

     

    
      
        
        

      

      
        9

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00091-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00091-of-00352.parquet"}]]