Document:

Unassociated Document

    

    701
      N Green Valley Pkwy, Suite 200, Henderson, NV 89074 702-990-3387/ fax
      702-990-3301

    

    From
      The Desk Of:

    Stanley
      L. Teeple, Secretary

    stanteeple@msn.com

     

    SCHEDULE
      3.1(a)

    

    TO

    

    RESTRICTED
      EQUITY PURCHASE AGREEMENT

    

    The
      Company has no subsidiariesUnassociated Document

    

    701
      N Green Valley Pkwy, Suite 200, Henderson, NV 89074 702-990-3387/ fax
      702-990-3301

    

    From
      The Desk Of:

    Stanley
      L. Teeple, Secretary

    stanteeple@msn.com

    SCHEDULE
      3.1(c)

    TO

    RESTRICTED
      EQUITY PURCHASE AGREEMENT

    

    
      	 	 	
              Number
                of

            	 	
              Common
                

            	 	
              Percent
                of

            	 
	
               

            	
            	
              Shares

            	
            	
              Equivalent

            	 	
              Class

            	 
	
              Preferred
                Stock

            	 	 	 	 	 	 	 	 	 	 
	
              Richard
                Haggart (effectively a founder)

            	 	 	
              6,250,000

            	 	 	
              12,500,000

            	 	 	
              38.5

            	
              %

            
	
              David
                Larson (CEO)

            	 	 	
              5,000,000

            	 	 	
              10,000,000

            	 	 	
              30.8

            	
              %

            
	
              Mark
                Thompson (Effectively COO)

            	 	 	
              5,000,000

            	 	 	
              10,000,000

            	 	 	
              30.8

            	
              %

            
	
              Total
                of Preferred Stock Issued

            	 	 	
              16,250,000

            	 	 	
              32,500,000

            	 	 	
              100.00

            	
              %

            
	 	 	 	 	 	 	 	 	 	 	 
	
              Common
                $.001-par Stock (included)

            	 	 	 	 	 	 	 	 	 	 
	
              Directors:

            	 	 	 	 	 	 	 	 	 	 
	
              Larson

            	 	 	

            	 	 	
              10,000,000

            	 	 	
              85.3

            	
              %

            
	
              Durdin

            	 	 	

            	 	 	
              1,724,166

            	 	 	
              14.7

            	
              %

            
	
              Subtotal
                of Directors and Officers

            	 	 	

            	 	 	
              11,724,166

            	 	 	
              100.0

            	
              %

            
	
              Others
                over 5%

            	 	 	 	 	 	 	 	 	 	 
	
              None

            	 	 	
              0

            	 	 	
              0

            	 	 	
              0.0

            	
              %

            
	
              Others
                Under 5%

            	 	 	 	 	 	 	 	 	 	 
	
              other
                shareholders 

            	 	 	
               

            	 	 	
              136,143,661

            	 	 	
              100.0

            	
              %

            
	
              Total
                Common $.001 par Shares Issued

            	 	 	
               

            	 	 	
              168,643,661

            	 	 	
              100.0

            	
              %

            
	 	 	 	   	 	 	 	 	 	 	 
	
              Total
                Shares Issued and Outstanding

            	 	 	
               

            	 	 	
              168,643,661

            	 	 	 	 
	
              Preferred
                Stock subsequent years if assoc.

            	 	 	 	 	 	 
	
              Richard
                Haggart (effectively a founder)

            	 	 	
              6,250,000

            	 	 	
              12,500,000

            	 	 	
              23.81

            	
              %

            
	
              Mark
                Thompson (Effectively COO)

            	 	 	
              2,500,000

            	 	 	
              5,000,000

            	 	 	
              9.52

            	
              %

            
	
              Richard
                Haggart (effectively a founder)

            	 	 	
              6,250,000

            	 	 	
              12,500,000

            	 	 	
              23.81

            	
              %

            
	
              Mark
                Thompson (Effectively COO)

            	 	 	
              2,500,000

            	 	 	
              5,000,000

            	 	 	
              9.52

            	
              %

            
	
              Richard
                Haggart (effectively a founder)

            	 	 	
              6,250,000

            	 	 	
              12,500,000

            	 	 	
              23.81

            	
              %

            
	
              Mark
                Thompson (Effectively COO)

            	 	 	
              2,500,000

            	 	 	
              5,000,000

            	 	 	
              9.52

            	
              %

            
	
              Total
                Preferred Stock Pending

            	 	 	
              26,250,000

            	 	 	
              52,500,000

            	 	 	
              100.0

            	
              %

            
	
               

            	 	 	 	 	 	 	 	 	

            	 
	
              Options
                Granted not Exercised 

            	 	 	 	 	 	 	 	 	 	 
	
              Officers
                and Directors:

            	 	 	 	 	 	

            	 	 	

            	 
	
              Stanley
                L. Teeple

            	 	 	
              5,000,000

            	 	 	
              5,000,000

            	 	 	
              80.0

            	
              %

            
	
              Steve
                Durdin

            	 	 	
              1,250,000

            	 	 	
              1,250,000

            	 	 	
              20.0

            	
              %

            
	
              Total
                Granted not Exercised

            	 	 	
              6,250,000

            	 	 	
              6,250,000

            	 	 	
              100.0

            	
              %

            
	
               

            	 	 	 	 	 	

            	 	 	

            	 
	
              Options
                Pending Grant not Exercised

            	 	 	 	 	 	 	 	 	 	 
	
              Officers
                and Directors:

            	 	 	 	 	 	 	 	 	 	 
	
              David
                Larson

            	 	 	
              30,000,000

            	 	 	
              30,000,000

            	 	 	
              55.8

            	
              %

            
	
              Stanley
                L. Teeple

            	 	 	
              20,000,000

            	 	 	
              20,000,000

            	 	 	
              37.2

            	
              %

            
	
              Steve
                Durdin

            	 	 	
              3,750,000

            	 	 	
              3,750,000

            	 	 	
              7.0

            	
              %

            
	
              Total
                Options 

            	 	 	
              53,750,000

            	 	 	
              53,750,000

            	 	 	
              100.0

            	
              %

            
	
              Total
                Shares & Options

            	 	 	
               

            	 	 	
              281,143,661Unassociated Document

     

    701
      N Green Valley Pkwy, Suite 200, Henderson, NV 89074 702-990-3387/ fax
      702-990-3301

    

    From
      The Desk Of:

    Stanley
      L. Teeple, Secretary

    stanteeple@msn.com

     

    SCHEDULE
      3.1(g)

    

    TO

    

    RESTRICTED
      EQUITY PURCHASE AGREEMENT

    

      The
        Company has AFFILIATE relationships with stock ownership as
        follows-

      

      	1-  	
               David
                Larson- CEO

            

      	2-  	
               Richard
                Haggart- Consultant

            

      	3-  	
               Steve
                Durdin- Director

            

      	4-  	
               Mark
                Thompson- CEO Hub Energy

            

      

      Their
        consent letters are attached to this ScheduleUnassociated Document

    

     

    701
      N Green Valley Pkwy, Suite 200, Henderson, NV 89074 702-990-3387/ fax
      702-990-3301

    

    From
      The Desk Of:

    Stanley
      L. Teeple, Secretary

    stanteeple@msn.com

     

    SCHEDULE
      3.1(h)

    

    TO

    

    RESTRICTED
      EQUITY PURCHASE AGREEMENT

     

    In
      October 2006, a subcontractor of Mid-East Oil Company (“Mid-East”), our operator
      under a Drilling and Operating Agreement filed Mechanic’s Liens against both
      Mid-East and us on certain oil and gas properties drilled by the subcontractor
      for claims aggregating $390,253, due to the failure of Mid-East to pay our
      obligations for the drilling costs because we have not paid Mid-East. The
      Company has engaged counsel to resolve these lien claims, which were still
      pending as of June 10, 2007. However, we expect to pay off our obligations
      to
      the subcontractor in the near future with the development of pending
      funding.Unassociated Document

     

    701
      N Green Valley Pkwy, Suite 200, Henderson, NV 89074 702-990-3387/ fax
      702-990-3301

    

    From
      The Desk Of:

    Stanley
      L. Teeple, Secretary

    stanteeple@msn.com

     

    SCHEDULE
      3.1(i)

    

    TO

    

    RESTRICTED
      EQUITY PURCHASE AGREEMENT

    

    Default
      Agreements or Notes by the Company as of June 10, 2007 not including accounts
      payable in the normal course of business:

    

    
      	
              Dannic
                Energy, Inc.

            	 	 	
              Drilling
                obligation

            	 	
              $

            	
              481,823.67

            	 
	
              Epicenter
                Oil & Gas

            	 	 	
              Leasing
                fees

            	 	
              $

            	
              107,061.30

            	 
	
              Hub
                Energy, LLC

            	 	 	
              Drilling
                admin fees

            	 	
              $

            	
              90,000.00

            	 
	
              Leo
                Moore

            	 	 	
              Note
                Payable

            	 	
              $

            	
              240,000.00

            	 
	
              Jerry
                Moore

            	 	 	
              Note
                Payable

            	 	
              $

            	
              110,000.00

            	 
	
              Mid
                East Oil Company

            	 	 	
              Drilling
                obligation

            	 	
              $

            	
              1,095,683.74

            	 
	
              Morgantown
                Excavators

            	 	 	
              Drilling
                obligations

            	 	
              $

            	
              10,000.00

            	 
	
              P&J
                Resources, Inc.

            	 	 	
              Drilling
                Obligations

            	 	
              $

            	
              107,500.00

            	 
	
              Tapo
                Energy LLC

            	 	 	
              Drilling
                Obligations

            	 	
              $

            	
              746,598.11

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