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Exhibit 10.48  

 
 

Relocation Arrangement
  with
  Jeffrey A. Babka    
    

        Jeffrey A. Babka has an arrangement with NeuStar, Inc. whereby he is entitled to benefits in addition to those available to other executive-level employees
in connection with his relocation from Georgia to Virginia. Specifically, Mr. Babka will receive an annual cost-of-housing allowance of $30,000, $20,000, and $10,000 in
2005, 2006 and 2007, respectively, contingent on his continued employment by NeuStar. He also is entitled to receive payments equal to the incremental cost of his duplicate housing and living expenses
for six months or until the date of sale of his Georgia residence, whichever is earlier. If Mr. Babka's Georgia residence is not sold prior to the end of the six-month period, or if
an offer is received that is lower than Mr. Babka's purchase price for the Georgia residence, NeuStar has agreed to consider additional benefits. 

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Relocation Arrangement with Jeffrey A. BabkaEXHIBIT 10.1

                            ASSET PURCHASE AGREEMENT

     THIS ASSET PURCHASE AGREEMENT dated as of May 23, 2005, among XDOGS, INC.,
a Nevada Corporation ("Buyer") and Mid-Continents Investments, Inc. ("Seller"),
an Oklahoma Corporation.

                              W I T N E S S E T H:
                              - - - - - - - - - -

     A. Seller owns an undivided eighty percent (80%) Net Revenue Interest in
certain oil and gas leasehold interests described with particularity in Exhibit
"A" (the "Leasehold"); and,

     B. Buyer desires to acquire from Seller the Leasehold for which Buyer will
issue 85,000,000 common shares of stock of Buyer ("Acquired Common Shares") to
Seller; and,

     NOW, THEREFORE, in consideration of the mutual covenants and agreements
herein contained, the parties hereto agree as follows:

                                    ARTICLE I
                     REPRESENTATION AND WARRANTIES OF SELLER

Seller represents and warrant to Buyer that:

1.1  Seller's Organization, Good Standing and Authority. Seller is a corporation
     duly organized and validly existing and in good standing under the laws of
     the State of Oklahoma and is duly registered and authorized to conduct
     business in the State of Kansas and has all necessary power to own all of
     its properties and assets and to carry on its business as now being
     conducted. At the Closing, Seller shall be in good standing as an Oklahoma
     corporation, and shall deliver to Seller at the Closing a true and correct
     copy of its Articles, certified by the Secretary of State of Oklahoma, and
     its Bylaws, certified as a true and correct copy of same by the Secretary
     of Seller.

1.2  Leasehold. At the date of this Agreement, except as described on Exhibit
     "1.2" attached hereto, Seller owns the Leasehold subject to no security
     interests, mortgage, pledge, lien, encumbrance, or charge, except for minor
     imperfections of title and encumbrances, if any, which are not substantial
     in amount, which do not materially detract from the marketability or the
     value of the properties subject thereto, or which do not materially impair
     the utilization thereof.

1.3  Leasehold Equipment. At the date of this Agreement, Seller owns all of the
     personal property as described in Exhibit "1.3" (the "Leasehold Equipment")
     subject to no security interests, mortgage, pledge, lien, encumbrance, or
     charge, except for minor imperfections of title and encumbrances, if any,
     which are not substantial in amount, which do not materially detract from
     the marketability or the value of the properties subject thereto, or which
     do not materially impair the utilization thereof.

<PAGE>

1.4  Tax Matters. Except as disclosed on Exhibit "1.4" attached hereto, Seller
     has filed all required tax returns. Seller has paid or set up an adequate
     reserve in respect of all taxes for the periods covered by such returns.

1.5  No Conflict. To Seller's best knowledge and except as disclosed on Exhibit
     "1.5" attached hereto, neither the execution by Seller of this Agreement,
     the consummation by Seller of the transactions contemplated herein nor the
     compliance by Seller with the provisions of this Agreement conflicts with
     or results in a breach of any provisions of any applicable law, judgment,
     order, writ, injunction, decree, rule, regulation or agreement to which
     Seller is a party or by which Seller is bound, or constitutes a default
     under any thereof.

1.6  Litigation and Proceedings. Except as disclosed on Exhibit "1.6" attached
     hereto, there are no legal, administrative, arbitration, governmental, or
     other proceedings, actions, suits, claims or investigations instituted or
     pending or threatened to which Seller, or any of its directors, officers or
     employees, is a party which relates to Seller or its properties and which
     would have a material adverse effect upon the business, financial
     condition, properties or prospects of the Seller.

1.7  Authorized and Effective Agreement. Seller has all requisite corporate
     power and authority to enter into and to perform this Agreement. The
     execution and delivery of this Agreement and the consummation of the
     transactions contemplated by this Agreement have been duly and validly
     authorized by all necessary corporate action in respect thereof on the part
     of Seller and its shareholders. This Agreement has been duly and validly
     executed and delivered by Seller, but is subject to proxy and shareholder
     approval.

1.8  No Breach. Neither the execution and delivery of this Agreement, nor
     consummation of the transactions contemplated by this Agreement, nor
     Seller's compliance herewith (i) does or will conflict with or result in a
     breach of any provisions of the Articles or Bylaws of Seller, (ii) violate,
     conflict with or result in a breach of any term, condition or provision of,
     or constitute a default (or an event which, with notice or lapse of time,
     or both, would constitute a default) under, or give rise to any right of
     termination, cancellation or acceleration with respect to, or result in the
     creation of any lien, charge or encumbrance upon any property or asset of
     Seller pursuant to, any material note, bond, mortgage, indenture, deed of
     trust, license, lease, agreement or other instrument or obligation to which
     Seller is a party, or by which any of its properties or assets may be bound
     or affected, or (iii) subject to receipt of all required governmental
     approvals, violate any order, writ, injunction, decree, statute, rule or
     regulation applicable to Seller.

1.9  Consents and Approvals. No consents or approvals of or filings or
     registrations with any governmental entity or with any third party are
     necessary on the part of Seller in connection with the execution and
     delivery of this Agreement and the consummation by Seller of the
     transactions contemplated by this Agreement. Seller is not aware of any
     reasons why all consents and approvals shall not be procured from all
     regulatory agencies having jurisdiction over the transactions contemplated
     by this Agreement as shall be necessary for consummation of the
     transactions contemplated by this Agreement.

                                       2
<PAGE>

1.10 Material Adverse Change. Except as disclosed on Exhibit "1.10", since
     February 17, 2005, Seller has conducted its business in the ordinary and
     usual course (excluding the incurring of expenses and the filing of
     applications with governmental and regulatory authorities in connection
     with this Agreement and the transactions contemplated by this Agreement),
     and (ii) no event has occurred or circumstance arisen that, individually or
     in the aggregate, is reasonably likely to have a material adverse effect on
     Seller.

1.11 Compliance with Laws. Except as disclosed on Exhibit "1.11", Seller is not
     in violation of its Articles or Bylaws, or of any applicable foreign,
     federal, state or local law or ordinance or any order, rule or regulation
     of any foreign, federal, state, local or other governmental agency or body,
     or in default with respect to any order, writ, injunction or decree of any
     court, or in default under any order, license, regulation or demand of any
     governmental agency, any of which violations or defaults could reasonably
     be expected to have a material adverse effect on the properties or
     operation of Seller's business, and Seller has not received any notice or
     communication from any foreign, federal, state or local governmental
     authority asserting that Seller is in violation of any of the foregoing
     which could reasonably be expected to have a material adverse effect on
     Seller. Seller is not subject to any regulatory or supervisory cease and
     desist order, stop order, agreement, written directive, understanding or
     written commitment, and has not received any written communication
     requesting that it enter into any of the foregoing.

                                   ARTICLE II
                     REPRESENTATIONS AND WARRANTIES OF BUYER

Buyer represents and warrants that:

2.1  Buyer's Organization, Good Standing and Authority. As of the date of this
     Agreement, Buyer is a corporation, duly incorporated, validly existing and
     in good standing under the laws of the State of Nevada and is duly
     registered and authorized to conduct business in the State of Kansas. Buyer
     has all requisite and full corporate power and authority, and is duly
     qualified, authorized, approved and licensed to own, lease, and operate its
     properties and to carry on its business as it is presently being in each
     jurisdiction in which its activities requires such licensing, approval or
     qualification, except where the failure to be so licensed, qualified,
     approved or in good standing would not have a material adverse effect on
     Buyer. Buyer has previously delivered to the Seller true and complete
     copies of its Articles of Incorporation ("Articles") and its Bylaws
     together with all amendments thereto to date. At the Closing, Buyer shall
     be in good standing as a Nevada corporation, and shall deliver to Seller at
     the Closing a true and correct copy of its Articles, certified by the
     Secretary of State of Nevada, and its Bylaws, certified as a true and
     correct copy of same by the Secretary of Buyer.

                                       3
<PAGE>

2.2  Buyer's Capital Structure. As of the date of this Agreement, the authorized
     capital of Buyer consists of 200,000,000 shares of common stock, $0.01 par
     value ("Buyer Common Shares"), and one hundred (100) shares of Class A
     Convertible Preferred Stock, par value $0.01 per share ("Buyer Preferred
     Shares"), convertible into an undiluted forty percent (40%) interest of
     Buyer Common Shares. As of the date hereof, there are approximately
     79,828,543 shares of Buyer Common Shares issued and outstanding together
     with the one hundred (100) shares of Buyer Preferred Shares issued and
     outstanding (collectively "Buyer Issued Equity"). All of the Buyer Issued
     Equity is validly issued, fully paid and nonassessable and has been issued
     in full compliance with all applicable U.S. federal and U.S. state
     securities laws. The Buyer has no other securities of any kind, whether
     debt, equity, derivative or hybrid, issued or outstanding, other than Buyer
     Common Shares and the Buyer Preferred Shares as well as there are no
     outstanding subscriptions, rights, preemptive rights, options, warrants,
     convertible securities or other agreements or commitments which would
     obligate the Buyer to issue or to transfer any additional shares of Buyer
     Common Shares and Buyer Preferred Shares or any other securities of the
     Buyer. Buyer Common Shares are listed for trading in the Over-the-Counter
     Bulletin Board ("OTCBB"). The outstanding shares of Buyer Common Shares
     have been registered under Section 12(g) of the Securities Exchange Act of
     1934, as amended (the "1934 Act") and are listed for trading in the OTCBB.

2.3  Subsidiaries. Buyer does not own, nor does it have any right or obligation
     to acquire, directly or indirectly, any interest or investment (whether
     debt or equity) in any corporation, limited liability company, partnership,
     joint venture, business or other entity of any kind whatsoever.

2.4  Financial Statements and Regulatory Reports.

     (a)  Buyer has previously delivered or made freely available to the Seller
          the audited financial statements of Buyer (including statements of
          financial condition and the related statements of operations,
          stockholders' equity and changes in financial position) for the years
          ended March 31, 2001, 2002 and 2003, (collectively, the "Buyer's
          Financial Statements"). Buyer's Financial Statements have been
          prepared in accordance with generally accepted accounting principles
          consistently applied throughout the periods involved, and present
          fairly the financial condition and results of operations of Buyer. The
          audits of the Buyer's Financial Statements have been conducted in all
          material respects in accordance with generally accepted auditing
          standards. The books and records of Buyer are being maintained in
          material compliance with applicable legal and accounting requirements
          and such books and records accurately reflect in all material respects
          all dealings and transactions in respect of the business, assets,
          liabilities and affairs of Buyer. Buyer has no material indebtedness,
          obligation, or liability, known, contingent or otherwise, except those
          reflected in Buyer's Financial Statements, and specifically listed on
          Buyer's December 31, 2004, Form 10-QSB/A-2 attached hereto as Exhibit
          "2.4" (listing of creditors' and amounts) and those subsequently
          incurred in the ordinary course of business and which are not in the
          aggregate material to the operations of Buyer.

                                       4
<PAGE>

     (b)  Buyer shall deliver or make freely available to Seller any and all
          financial and other reports provided to and correspondence with any
          regulatory agency having jurisdiction over Buyer. The books of account
          of Buyer fully and fairly reflect all of the material assets,
          liabilities and transactions of Buyer required to be set forth therein
          for regulatory purposes and under generally accepted accounting
          principles and are correct and complete in all material respects. All
          reports filed with any of Buyer's regulators have been properly
          prepared in accordance with applicable regulations and are materially
          correct and complete.

     (c)  Prior to this agreement Buyer made available all requested financial
          information and Seller has had ample opportunity to investigate the
          Buyer's financial affairs and has not relied on any statements made by
          Buyer or its principals or agents, and has not relied on any papers or
          documents furnished by Buyer, but has conducted its own independent
          investigation, or had amply opportunity to do so.

2.5  Tax Matters.

     (a)  Buyer has not timely filed all foreign and provincial, U.S. federal,
          state and local income, franchise, excise, real property, personal
          property and other tax returns required by applicable law to be filed
          by it (including without limitation, estimated tax returns, income tax
          returns, information returns and withholding and employment tax
          returns) and has not made timely payment of or, where payment is not
          required to have been made, has not set up an adequate reserve or
          accrual for the payment of, all taxes shown to be due and payable,
          whether disputed or not, in respect of the periods covered by such
          returns.

     (b)  Buyer has filed, its 2001, 2002 and 2003 tax returns.

     (c)  Other than otherwise disclosed, all foreign, federal, state and local
          income, franchise, excise, real property, personal property and other
          tax returns filed by the Buyer are complete and accurate in all
          material respects. The foreign, federal, state and local income tax
          returns of Buyer have been prepared substantially in compliance with
          applicable tax laws, regulations and policies, and Buyer has not
          received a notice of examination from the applicable tax authorities
          regarding those returns. Buyer has no agreements in effect to extend
          the period of limitations for the assessment or collection of any tax.

2.6  Properties. Except as disclosed on Exhibit "2.6" attached hereto, all
     personal property (less than $2,000.00 value) owned or used by Buyer in its
     business is in an adequate condition (ordinary wear and tear excepted) and
     sufficient to carry on the Buyer's business consistent with its past
     practice.

                                       5
<PAGE>

2.7  Litigation and Proceedings. Except as set forth in Buyer's December 31,
     2004, 10-QSB/A-2 attached hereto as Exhibit "2.7", there are no legal,
     administrative, arbitration, governmental, or other proceedings, actions,
     suits, claims or investigations instituted or pending or threatened to
     which Buyer, or any of its directors, officers or employees, is a party
     which relates to Buyer or its properties and which would have a material
     adverse effect upon the business, financial condition, properties or
     prospects of the Buyer. Buyer is not a party to any judgment, order, writ,
     injunction or decree having a material adverse effect on Buyer, except as
     disclosed in Buyer's December 31, 2004, 10-QSB/A attached hereto as Exhibit
     "2.7". Buyer has not committed any act or omitted to perform any act
     reasonably be expected to give rise to any material legal action or other
     material proceeding before any court or administrative agency.

2.8  Authorized and Effective Agreement. Buyer has all requisite corporate power
     and authority to enter into and to perform this Agreement. The execution
     and delivery of this Agreement and the consummation of the transactions
     contemplated by this Agreement have been duly and validly authorized by all
     necessary corporate action in respect thereof on the part of Buyer and its
     shareholders. This Agreement has been duly and validly executed and
     delivered by Buyer, but is subject to proxy and shareholder approval.

2.9  No Breach. Neither the execution and delivery of this Agreement, nor
     consummation of the transactions contemplated by this Agreement, nor
     Buyer's compliance herewith (i) does or will conflict with or result in a
     breach of any provisions of the Articles or Bylaws of Buyer, (ii) violate,
     conflict with or result in a breach of any term, condition or provision of,
     or constitute a default (or an event which, with notice or lapse of time,
     or both, would constitute a default) under, or give rise to any right of
     termination, cancellation or acceleration with respect to, or result in the
     creation of any lien, charge or encumbrance upon any property or asset of
     Buyer pursuant to, any material note, bond, mortgage, indenture, deed of
     trust, license, lease, agreement or other instrument or obligation to which
     Buyer is a party, or by which any of its properties or assets may be bound
     or affected, or (iii) subject to receipt of all required governmental
     approvals, violate any order, writ, injunction, decree, statute, rule or
     regulation applicable to Buyer.

2.10 Consents and Approvals. Except as disclosed on Exhibit "2.10", no consents
     or approvals of or filings or registrations with any governmental entity or
     with any third party are necessary on the part of Buyer in connection with
     the execution and delivery of this Agreement and the consummation by Buyer
     of the transactions contemplated by this Agreement. Buyer is not aware of
     any reasons why all consents and approvals shall not be procured from all
     regulatory agencies having jurisdiction over the transactions contemplated
     by this Agreement as shall be necessary for (a) consummation of the
     transactions contemplated by this Agreement and (b) the continuation by
     Buyer after the Closing Date of its business as carried on immediately
     prior to the Closing Date, free of any conditions or requirements which, in
     the reasonable opinion of the Buyer, could have a material adverse effect
     on Buyer or the Seller , or materially impair the value of Buyer to the
     Seller.

                                       6
<PAGE>

2.11 Material Adverse Change. Since February 17, 2005, Buyer has conducted its
     business in the ordinary and usual course (excluding the incurring of
     expenses and the filing of applications with governmental and regulatory
     authorities in connection with this Agreement and the transactions
     contemplated by this Agreement), and (ii) no event has occurred or
     circumstance arisen that, individually or in the aggregate, is reasonably
     likely to have a material adverse effect on Buyer.

2.12 Compliance with Laws. Except as disclosed on Exhibit "2.12", Buyer is not
     in violation of its Articles or Bylaws, or of any applicable foreign,
     federal, state or local law or ordinance or any order, rule or regulation
     of any foreign, federal, state, local or other governmental agency or body,
     or in default with respect to any order, writ, injunction or decree of any
     court, or in default under any order, license, regulation or demand of any
     governmental agency, any of which violations or defaults could reasonably
     be expected to have a material adverse effect on the properties or
     operation of Buyer's business, and Buyer has not received any notice or
     communication from any foreign, federal, state or local governmental
     authority asserting that Buyer is in violation of any of the foregoing
     which could reasonably be expected to have a material adverse effect on
     Buyer. Buyer is not subject to any regulatory or supervisory cease and
     desist order, stop order, agreement, written directive, understanding or
     written commitment, and has not received any written communication
     requesting that it enter into any of the foregoing.

2.13 Public Securities. Buyer is in compliance with all applicable laws and
     regulations regarding the listing and trading of its securities on the
     OTCBB and regarding its registration and reporting under the 1934 Act,
     Buyer has not received any notice of any alleged violation of any law or
     regulation regarding its registration and reporting obligations under the
     1934 Act or with respect to its listing or trading on the OTCBB, nor to the
     best of Buyer's knowledge have any such allegations been threatened.

                                   ARTICLE III
                         CONDITIONS PRECEDENT TO CLOSING

3.1  Conditions Precedent to the Parties' Obligation to Close. The obligations
     of the parties to close the transactions contemplated by this Agreement are
     subject to the satisfaction on or before the Closing of all of the
     conditions set forth below in this Article III. A party may waive any or
     all of these conditions in whole or in part without any prior notice;
     provided, however, that no such waiver of a condition shall constitute a
     waiver by such party of any of its other rights and remedies, at law or in
     equity, if any of the other parties to this Agreement shall be in default
     of any of their respective representations, warranties or covenants under
     this Agreement.

     (a)  All corporate action necessary to authorize the execution and delivery
          of this Agreement and consummation of the transactions contemplated by
          this Agreement shall have been duly and validly taken by Buyer and
          Seller, including, but not limited to, approval of the Agreement by
          the requisite vote of the shareholders of Buyer of this Agreement.

                                       7
<PAGE>

     (b)  All approvals and consents for the transactions contemplated in this
          Agreement which are required for Seller's purchase of the Acquired
          Common Shares and the other transactions contemplated by this
          Agreement shall have been received and all statutory waiting periods
          in respect thereof shall have expired; and Buyer and Seller shall have
          procured all other approvals, consents and waivers of each person
          (other than the governmental entities referred to above), if any,
          whose approval, consent or waiver is necessary to the consummation of
          the purchase of the Acquired Common Shares.

     (c)  Neither Buyer nor Seller shall be subject to any statute, rule,
          regulation, injunction or other order or decree which shall have been
          enacted, entered, promulgated or enforced by any governmental or
          judicial authority which prohibits, restricts or makes illegal
          consummation of any of the transactions contemplated by this
          Agreement.

     (d)  Buyer and Seller have completed their respective due diligence
          investigation of one another to their mutual satisfaction as permitted
          under this Agreement.

3.2  Conditions Precedent to the Obligations of Seller to Close. The obligations
     of Seller to close this Agreement are subject to the satisfaction on or
     before the Closing of all of the conditions set forth below in this Article
     3.2. Seller may waive any or all of these conditions in whole or in part
     without any prior notice; provided, however, that no such waiver of a
     condition shall constitute a waiver by such party of any of its other
     rights and remedies, at law or in equity, if Buyer shall be in default of
     any of its representations, warranties or covenants under this Agreement.

     (a)  The representations and warranties of Buyer as set forth this
          Agreement shall be true and correct as of the date of this Agreement
          and as of the Closing Date as though made on and as of the Closing
          Date (or on the date when made in the case of any representation and
          warranty which specifically relates to an earlier date).

     (b)  Buyer and Seller shall have performed in all material respects all
          their respective obligations, satisfied all conditions precedent and
          complied with all covenants required to be performed, satisfied or
          complied with by each of them, respectively, pursuant to this
          Agreement on or prior to the Closing Date.

     (c)  Buyer shall have delivered to Seller a certificate, dated the date of
          the Closing and signed by Buyer's President to the effect that the
          conditions set forth in to Closing have been satisfied, and that all
          of Buyer's representations and warranties are true and correct as of
          the Closing Date.

                                       8
<PAGE>

     (d)  Buyer shall have furnished Seller with such certificates of its
          officers and such other documents to evidence fulfillment of the
          conditions set forth in this Agreement as such conditions relate to
          the Buyer as Seller may reasonably request, in accordance with typical
          practice in the Closing of such transactions.

                                   ARTICLE IV
                            TERMS OF THE TRANSACTION

4.1  The Transaction. The sale by Seller of the Leasehold for the Acquired
     Common Shares shall be made on the Closing Date (as defined in Article V)
     and shall be based on the respective representations, warranties and
     agreements of Seller and Buyer, and shall be subject to the terms and
     conditions herein stated.

4.2  The Leasehold and the Acquired Common Shares. Buyer shall, at the Closing
     deliver to Seller One Hundred Million (100,000,000) Common Shares for the
     transfer and delivery by Seller to Buyer of the Leasehold.

4.3  Employment Agreement. Seller agrees and acknowledges that Buyer and Kent
     Rodriguez will enter into an employment agreement, commencing on date of
     Closing, consisting the following terms: naming Kent Rodriguez as
     President/CEO until May 31, 2005, thereafter Consultant to Buyer and ending
     on July 25, 2005, a salary equal to $5,000.00 per month which Buyer may
     accrue if the Buyer is unable to pay the salary, provided that the salary
     shall be paid in full by the termination of the employment agreement on
     July 25, 2005, along with business related expenses reimbursed with prior
     approval of Seller, including travel and lodging to Tulsa, Oklahoma.

4.4  Material Changes to Capital Structure. Buyer and Seller agree not to make
     any material changes in the debt or equity structure of Buyer for a period
     of twelve (12) months after the Closing Date without the written approval
     of Kent Rodriguez.

4.5  Indemnification. Seller hereby agrees to indemnify, defend and hold
     harmless Buyer and Kent Rodriguez from and against all demands, claims,
     actions, causes of action, assessments, losses, damages, liabilities, costs
     and expenses, including without limitation, interest, penalties and
     reasonable attorney fees and expenses, asserted against, resulting to, and
     imposed upon or incurred by Buyer or Kent Rodriguez caused by (a)
     liabilities and obligations of, and claims against Buyer or Kent Rodriguez
     (including but not limited to the payment of taxes, assessment, stock
     issuances, existing debt or services payable either in the form of stock or
     cash and the like) existing as of the Closing Date or arising out of facts
     or circumstances existing on or prior thereto, which Buyer has disclosed to
     Seller, or (b) a material breach of any agreement, covenant, representation
     or warranty of any Seller. Seller hereby agrees to reimburse Buyer should
     Buyer pay any such demands, claims, actions, causes of action, assessments,
     losses, damages, liabilities, costs and expenses, including without
     limitation, interest, penalties and reasonable attorney fees and expenses.

                                       9
<PAGE>

     Buyer acknowledges that it is not current on is taxes (Federal, State and
     Payroll). Seller shall assume the Tax Liability of the Buyer

                                    ARTICLE V
                                     CLOSING

5.1  Closing. The Closing of the transactions contemplated hereby shall be held
     at 11:00 A.M., on May 11, 2005, at the offices of Riggs, Abney Law Firm,
     502 West Sixth Street, Tulsa, OK 74119, or at such other place as the
     parties may agree upon. The time and date of Closing is herein called the
     "Closing Date."

                                   ARTICLE VI
                       ACCESS TO INFORMATION AND DOCUMENTS

6.1  Access to Information. Seller will, or will cause Seller to, give to Buyer
     and its counsel, accountants, engineers and other representatives full
     access during normal business hours to all the properties, documents,
     contracts and records of Seller and furnish Buyer with copies of such
     documents (certified if so requested) and with such information with
     respect to the affairs of Seller as Buyer may from time to time reasonably
     request.

                                   ARTICLE VII
                               COVENANTS OF SELLER

7.1  Encumbrances. Prior to the Closing Date, Seller will not incur or suffer to
     exist any lien, charge or encumbrance on the Leasehold other than as
     provided in this Agreement.

7.2  Preservation of Business. Seller will use its best efforts to preserve and
     keep the business organization of Buyer intact, to keep available to Buyer
     the services of the present officers and employees of Seller, and to
     preserve for Buyer and Seller the good will of the suppliers, customers and
     others having business relations with Seller.

7.3  Consent. Prior to the Closing Date, Seller will not, without first
     obtaining the written consent of Buyer:

     (a)  Encumber any asset or enter into any transaction or make any contract
          or commitment relating to the Leasehold, assets and business otherwise
          than in the ordinary course of business.

     (b)  Enter into any employment contract, which is not terminable upon
          notice of 30 days or less at will without penalty to Seller.

                                       10
<PAGE>

     (c)  Enter into any contract or agreement (i) which cannot be performed
          within three (3) months or less, or (ii) which involves the
          expenditure of over Ten Thousand Dollars ($10,000.00).

7.4  Records. Seller will cooperate with Buyer in delivering to Buyer all
     records, formulas, know-how, technical data, secrets and other methods and
     processes used by Seller in its business, and will cooperate with Buyer in
     connection therewith after the Closing Date in such manner as may
     reasonably be required by Buyer.

                                  ARTICLE VIII
                            TERMINATION OF AGREEMENT

8.1  Termination. This Agreement and the transactions contemplated hereby may be
     terminated or abandoned at any time prior to the Closing Date:

     (a)  By mutual consent of the Seller and Buyer;

     (b)  By Buyer, if there has been a material misrepresentation in this
          Agreement by Seller, or a material breach by Seller of any of the
          warranties or covenants of Seller set forth herein, or a failure of
          any condition to which the obligations of Buyer are subject;

     (c)  By Seller, if there has been a material misrepresentation in this
          Agreement by Buyer, or a material breach by Buyer of any of the
          warranties or covenants of Buyer set forth herein, or a failure of any
          condition to which the obligations of Seller are subject; or

     (d)  By Seller or Buyer if the Closing Date shall not have occurred on or
          prior to May 6, 2005, for any reason.

                                   ARTICLE IX
                         CONDITIONS TO CLOSING OF BUYER

     The obligation of Buyer to purchase the Leasehold for the Acquired Common
Shares pursuant to this Agreement shall be subject to the satisfaction, at or
prior to the Closing Date, of the following conditions (any of which may be
waived by Seller):

9.1  Performance. Each of the agreements of Seller to be performed at or prior
     to the Closing Date pursuant to the terms hereof shall have been duly
     performed.

9.2  Disclosure of Documents. Seller shall have furnished Buyer with copies of
     the following documents relating to Seller:

                                       11
<PAGE>

     (a)  The certificate of incorporation and all amendments thereto of Seller,
          duly certified by the appropriate official of the jurisdiction in
          which Seller is incorporated.

     (b)  Certificates, executed by the proper official of each jurisdiction, as
          to the good standing and qualification to do business of Seller in the
          jurisdiction of its incorporation and in each other jurisdiction in
          which it is required to qualify to do business as a foreign
          corporation.

9.3. Opinion of Counsel of Seller. Seller's counsel shall have furnished Buyer
     with a favorable opinion, dated the Closing Date, in form and substance
     satisfactory to Buyer and its counsel, to the effect that:

     (a)  Seller is a corporation duly organized, validly existing and in good
          standing under the laws of the State of Oklahoma is duly qualified to
          do business as a foreign corporation wherever required to be so
          qualified.

     (b)  The execution and delivery of this Agreement did not, and the
          consummation of the transactions contemplated hereby will not, violate
          the Certificate of Incorporation or By-Laws of Seller or the
          provisions of any mortgage, lien, lease, agreement, instrument, order,
          arbitration award, judgment or decree of which such counsel has
          knowledge, to which Seller is a party or by which it is bound, or
          violate any other restriction of any kind or character to which the
          Buyer is subject of which such counsel has knowledge.

     (c)  Seller has good and marketable title to the Leasehold and it is not
          subject to any mortgage, pledge, lien, conditional sale agreement,
          encumbrance or charge.

     (d)  Such counsel has no knowledge of, and does not have any reasonable
          grounds to know of, any litigation, proceeding or governmental
          investigation pending or threatened against or relating to Seller, its
          properties or business, or the transactions contemplated by this
          Agreement or any legal impediment to the continued operation and use
          by Seller in the ordinary course of business of its properties and
          assets.

     (e)  Each such opinion shall also cover such other matters incident to the
          transactions contemplated hereby as Buyer or its counsel may
          reasonably request. In rendering its opinion, such counsel may rely
          upon title certificates, abstracts or policies and certificates of
          public officials and of officers of Seller as to factual matters not
          independently established by such counsel; provided that the extent of
          such reliance is specified in such opinion and that copies of such
          documents so relied upon are delivered to Buyers, as the case may
          warrant.

9.4  Survival of Representations and Warranties. The representations and
     warranties of Seller contained in this Agreement (including the Exhibits
     hereto) or in any certificate or document delivered to Buyer pursuant
     hereto, shall be deemed to have been made again at the Closing Date and
     shall then be true in all material respects; Seller shall have performed
     and complied with all agreements and conditions required by this Agreement
     to be performed or complied with by Seller prior to or at the Closing Date;
     and Buyer shall have been furnished with certificates of Seller and of
     appropriate officers of Seller, dated the Closing Date, certifying in such
     detail as Buyer may reasonably request to the fulfillment of the foregoing
     conditions.

                                       12
<PAGE>

9.5  Investment Agreement. Seller shall have executed and delivered to Buyer an
     investment agreement, upon the terms set forth in the form of such
     agreement attached hereto as Exhibit "9.5", providing, in effect, that
     Seller has acquired the Acquired Common Shares for investment and not with
     a view to the public distribution thereof.

                                    ARTICLE X
                         CONDITIONS TO CLOSING OF SELLER

     The obligation of Seller to sell the Leasehold for the Acquired Common
Shares pursuant to this Agreement shall be subject to the satisfaction, at or
prior to the Closing Date, of the following conditions (any of which may be
waived by Seller):

10.1 Performance. Each of the agreements of Buyer to be performed at or prior to
     the Closing Date pursuant to the terms hereof shall have been duly
     performed.

10.2 Disclosure Documents. Buyer shall have delivered to Seller a certificate or
     certificates for the Acquired Common Shares required to be delivered to
     Seller under Article 3.1, in each case duly registered in the name of
     Seller.

10.3 Opinion of Legal Counsel of Buyer. Buyer shall have furnished Seller with a
     favorable opinion, dated the Closing Date, from counsel for Buyer, in form
     and substance satisfactory to Seller and their counsel, to the effect that:

     (a)  Buyer is a corporation duly organized, validly existing and in good
          standing under the laws of the State of Nevada.

     (b)  Buyer has corporate power to execute, deliver and perform this
          Agreement, and has taken all action required by law, its Certificate
          of Incorporation, its By-Laws or otherwise, to authorize such
          execution, delivery and performance.

     (c)  This Agreement constitutes the valid and legally binding agreement of
          Buyer in accordance with its terms.

     (d)  Buyer has taken all necessary corporate action to issue Acquired
          Common Shares to Seller, and upon such issuance to Seller, Acquired
          Common Shares will have been duly authorized and issued, fully paid
          and nonassessable.

                                       13
<PAGE>

     (e)  Such opinion shall also cover such other matters incident to the
          transactions contemplated hereby as Seller or their counsel may
          reasonably request. In rendering their opinion, such counsel may rely
          upon certificates of public officials and of officers of Buyer as to
          matters of fact, provided that the extent of such reliance is
          specified in such opinion or opinions and that copies of such
          documents relied upon are delivered to Seller.

     (f)  All legal matters shall have been approved by counsel for Buyer, and
          the Seller shall have received from such counsel an opinion, dated the
          Closing Date, satisfactory to Seller, relating to legal matters in
          connection with the transaction contemplated hereby.

10.4 Survival of Representations and Warranties. The representations and
     warranties of Buyer contained in this Agreement or in any certificate or
     document delivered to Seller pursuant hereto shall be deemed to have been
     made again at the Closing Date and shall then be true in all material
     respects; Buyer shall have performed and complied with all agreements and
     conditions required by this Agreement to be performed or complied with by
     Buyer prior to or at the Closing Date; and Seller shall have been furnished
     with certificates of appropriate officers of Buyer, dated the Closing Date,
     certifying in such detail as Seller may reasonably request, to the
     fulfillment of the foregoing conditions.

                                   ARTICLE XI
                                  MISCELLANEOUS

11.1 Survival of Representations and Warranties. The representations and
     warranties made in this Agreement and in any certificate, exhibit or
     document delivered in connection therewith shall survive the Closing Date
     any investigations made and the delivery or all required instruments and
     documents hereunder. The absence of specific survival language after any
     specific provision set forth in the representations, warranties or
     obligations shall not be deemed or construed to mean that such
     representations, warranties or obligations do not survive.

11.2 Indemnification. The Buyer hereby agrees to indemnify, defend and hold
     harmless the Seller from and against all demands, claims, actions, causes
     of action, assessments, losses, damages, liabilities, costs and expenses,
     including without limitation, interest, penalties and reasonable attorney
     fees and expenses, asserted against, resulting to, and imposed upon or
     incurred by Seller caused by (a) liabilities and obligations of, and claims
     against, Buyer (including but not limited to the payment of taxes,
     assessment, stock issuances, existing debt or services payable either in
     the form of stock or cash and the like) existing as of the Closing Date or
     arising out of facts or circumstances existing on or prior thereto, known
     and unknown to the Buyer as of the Closing Date, and not disclosed to or
     known by Seller, prior to the Closing, or (b) a material breach of any
     agreement, covenant, representation or warranty of any Buyer. The Buyer's
     obligation under this paragraph shall survive the Closing of the
     transaction contemplated hereunder and the delivery of all required
     instruments and documents hereunder.

                                       14
<PAGE>

11.3 Brokerage Fees. Buyer and Seller represent and warrant that there are no
     claims for brokerage commissions or finder's fees in connection with the
     transactions contemplated hereby resulting from any action taken by Seller,
     by Buyer, by the officers and directors of Seller or Buyer, or by any of
     them.

11.4 Choice of Law. This Agreement shall be construed and enforced in accordance
     with the internal law of the State of Oklahoma.

11.5 Arbitration. At the option of either party, any dispute between the parties
     shall be determined by arbitration administered by the National Arbitration
     Association under its commercial rules.

11.6 Registration Statement. Buyer and Seller agree not to do a consolidation,
     reverse split, or an offering of shares subject to Rule S-8 for a period of
     twelve (12) months after the Closing Date, without the written approval of
     Kent Rodriguez.

11.7 Notices. All notices, consents, requests, instructions, approvals and other
     communications provided for herein shall be validly given, made or served
     if in writing and delivered personally, or sent by certified mail, postage
     prepaid, or by telegraph, charges prepaid, if to Buyer, addressed to:

                  XDOGS, Inc.
                  7000 Flour Exchange Building
                  310 Fourth Avenue South
                  Minneapolis, MN  55415

     If to Seller, addressed to:

                  Mid-Continent Investments Corporation
                  7906 East 55th Street
                  Tulsa, OK 74145.

11.9 Binding Effect. This Agreement shall be binding upon and shall inure to the
     benefit of the parties hereto and their respective successors and assigns,
     and no other person shall acquire or have any right under or by virtue of
     this Agreement.

11.10 Counterparts. This Agreement may be executed in one or more counterparts,
     and shall become effective when one or more counterparts have been signed
     by each of the parties.

11.11 Disclosure Supplements. From time to time prior to the Closing Date, each
     party shall promptly supplement or amend any materials previously disclosed
     and delivered to the other party pursuant to this Agreement with respect to
     any matter arising after the execution of this Agreement which, if
     existing, occurring or known at the date of this Agreement, would have been
     required to be set forth or described in materials previously disclosed to
     the other party or which is necessary to correct any information in such
     materials which has been rendered materially inaccurate thereby; no such
     supplement or amendment to such materials shall be deemed to have modified
     the representations, warranties and covenants of the parties for the
     purpose of determining whether the conditions set forth below have been
     satisfied.

                                       15
<PAGE>

     IN WITNESS WHEREOF, this Agreement has been executed by the parties hereto
as on the day and year first above written.

"BUYER"                                        "Seller"

XDOGS, INC.                                    Mid-Continents Investments, Inc.
a Nevada corporation

By: / s / Kent A. Rodriguez                    By: / s / Robert Boeckman
-------------------------------                -------------------------
Kent A. Rodriguez                              Robert Boeckman
Its: Chief Executive Officer                   Its: President

                                       16

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