Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - Rancho Santa Monica Developments Inc. - Exhibit 10.7

 PROMISSORY NOTE 

 FOR VALUE RECEIVED the undersigned hereby promises
  to pay to or to the order of Monica Galan-Rios (the "Vendor") of Calle 1st
  de Mayo s/n Manzana 18, Lote 3, Col Nueva Obrera, Coatzacoalcos, Veracruz, Mexico,
  C.P. 96598 on November 29, 2006, the principal sum of $50,000 (US) together
  with interest thereon at the rate of 12% per annum from the date hereof. 

 The undersigned waives presentment, demand, notice, protest
  and notice of dishonour and all other demands and notices in connection with
  the delivery, acceptance, performance, default or enforcement of this Promissory
  Note. 

 The undersigned agrees this Promissory Note may be negotiated,
  assigned, discounted, or pledged by the Vendor and in every case payment will
  be made to the holder of this Promissory Note instead of the Vendor upon notice
  being given by the holder to the undersigned, and no holder of this Promissory
  Note will be affected by the state of accounts between the undersigned and the
  Vendor or by any equities existing between the undersigned and the Vendor and
  will be deemed to be a holder in due course and for the value of the Promissory
  Note held by him. 

 DATED at Vancouver, British Columbia, Canada, this 29th
  day of November, 2004. 

	RANCHO SANTA MONICA DEVELOPMENTS INC.
    	 
	 	 
	 	 
	Per: /s/ Graham G. Alexander 	 
	Graham G. Alexander, PresidentFiled by Automated Filing Services Inc. (604) 609-0244 - Red Sky Resources Inc. - Exhibit 10.1

 EXHIBIT 10.1 

 BANKS VENTURES LTD. 

  SUITE 1320 – 925 WEST GEORGIA STREET 

  VANCOUVER BC CANADA V6C 3L2 

June 01, 2003 

 Pacific Petroleum Inc. 

  Suite 283 – 1755 Robson St. 

  Vancouver, BC V6G 3B7 

Attention: D. Barry Lee  

 Sir: 

Farmout Agreement Covering Prospects in the

  East Corning Project, Tehama County, California

                 Whereas,
  Lario Oil and Gas Company (“Lario”) owns PNG Leases at East Corning,
  Tehama County, California (as more fully described in Clause 3) and; 

                 Whereas,
  Lario entered into a Farmin Agreement dated September 15, 2000 between Lario
  and Olympic Resources (Arizona) Ltd. (“Olympic”) for certain earning
  rights on the PNG Leases and; 

                 Whereas,
  Olympic entered into a Farmout Agreement on April 15, 2002 and amended on August
  2, 2002 between Olympic and Banks Ventures Ltd. (Banks) for certain earning
  rights on the PNG Leases and; 

                 The
  following sets out the specific terms and provisions for this Farmout Agreement
  between Banks and Pacific Petroleum Inc. covering the prospect area, controlled
  by Lario, with earning terms and conditions for the area, and more specifically
  for each well. 

	 1.	 Farmee:  Pacific Petroleum Inc.  
	  	 
	 2.	 Farmor:  Banks Ventures Ltd.  
	  	 
	 3. 	 Farmout Lands:     
             The Farmout Lands shall comprise the following lands
        with the right to explore for, work, win and recover petroleum and natural
        gas in all P&NG rights which are granted by the PNG Leases as outlined
        below:

	 Farmout Lands  	 Farmor’s Available WI 
	  	 
	 Township 24 North, Range 2 West  	 12.75% 
	 Section 31: Lots 1 and 2 in Block 84  	 
	 Tehama County, CA  	 

	 	Farmor does not warrant title to the Farmout Lands.

 

	 4.	 Farmout Well: 
      

	  	 
	 	 Bell Bottom Blues #1-36 
      

	  	 
	 	 This earning well will be
        drilled in the second or third quarter of 2003 subject to surface access,
        rig availability and receipt of all necessary approvals. The Farmee agrees
        to pay 100% of Farmor’s 12.75% in drilling, completing, equipping
        and tie-in costs. The Farmee will have a 10.75% net revenue interest in
        the drilling spacing unit subject to overriding and landowner royalties.
        There is no payout in this well.  

	  	 
	 	        
                   Well Name:                    Bell
        Bottom Blues #1-36 

	 	        
                   Working Interest Assigned:                  
        12.75 %  

	 	        
                   Net Revenue Interest Assigned:           
        10.75 %  

	  	 
	 5.	 Insurance  

	  	 
	 	 Unless notified by Farmee,
        Farmee will be covered under Farmor’s Well Control and Blow-Out
        Insurance.  

	  	 
	 6.	 Appointment of Operator 
      

	  	 
	 	 Lario, or its assigns, is
        hereby appointed the initial Operator and agrees to act as Operator to
        conduct operations on the Farmout Lands for the Parties in accordance
        with their working interests. 

	  	 
	 7.	 Formal Agreement 
      

	  	 
	 	 This letter sets out the
        basic terms and conditions of our proposal. If you are in agreement with
        the foregoing, kindly indicate your acceptance by signing in the space
        provided below and return one copy of this letter to the attention of
        the undersigned. 

Sincerely, 

Banks Ventures Ltd. 

 /S/ Chris Cooper 

  Chris Cooper 

  Director 

 

ACCEPTED AND AGREED TO THIS 3RD DAY OF JUNE 2003. 

Pacific Petroleum Inc. 

 /S/ D. Barry Lee 

  D. Barry Lee 

  President 

 2Filed by Automated Filing Services Inc. (604) 609-0244 - Red Sky Resources Inc. - Exhibit 10.2

EXHIBIT 10.2 

 2004-000776-0 

  Recording Dist: 320 – Iliamna 

  8/17/2004 11:15 AM Pages: 1 of 2 

 MINING QUITCLAIM DEED 

THE GRANTOR, Alaska Earth Resources, Inc., (AERI) an S corporation qualified to conduct business in the State of Alaska and whose mailing address is 11401 Olive Lane, Anchorage, Alaska, 99515, in consideration of ten dollars ($10) in hand paid
and other good and valuable consideration, does hereby convey and quitclaim unto THE GRANTEE, Pacific Petroleum Inc., (PPI) a Delaware corporation qualified to conduct business in the State of Alaska (file #88117F) and whose mailing address is Suite
2410, West Georgia Vancouver British Columbia, Canada V6B 4N7 all of the right, title and interest that AERI holds in the FUR 14, FUR 15, FUR 26 through FUR 34, and FUR 37 through FUR 50 State of Alaska full quarter section mining claims (ADL
Numbers 644537, 644538, 644549 though 644557, and 644560 through 644573 more particularly described in the Exhibit A attached hereto. 

Said State of Alaska full quarter section mining claims are situated within the Seward Meridian, Township 5 South, Range 39 West, Sections 11, 12, 13, 14, 23 and 24 and Township 5 South, Range 38 West, Sections 7, 17, 18, and 19 are also within the
Iliamna Recording District and the Third Judicial District of the State of Alaska. 

IN WITNESS whereof, the Grantor, Alaska Earth Sciences Inc. has caused this Quitclaim Deed to be executed in August 16, 2004. 

	 	 Alaska Earth Resources Inc.  
	 	  	 
	 	 By:	 /S/ William T. Ellis  
	 	  	 Name: William T. Ellis  
	 	  	 Title: Director/Secretary  

 ACKNOWLEDGMENT 

	 STATE OF ALASKA  	}	   
	  	}	 ss.  
	 THIRD JUDICIAL DISTRICT  	}	  

THIS IS TO CERTIFY that on this 16th day of August, 2004, at Anchorage, Alaska, the forgoing instrument was acknowledged before me by William T. Ellis. 

GIVEN UNDER MY HAND and official seal the day and year written above. 

 /S/ Sandra Miller 

  Notary Public for the State of Alaska 

My Commission expires on April 1, 2008. 

 AFTER RECORDING RETURN TO: 

  Alaska Earth Resources Inc. 

  11401 Olive Lane 

  Anchorage, AK 99515 

Mining Quitclaim Deed – Page 1 of 2 

 EXHIBIT 10.2 

 EXHIBIT A 

	
Claim Name 
		
CL No 
		
Disc Date 
		
Post Date 
		
Rec District 
		
Meridian 
		
Township 
		
Range 
		
Section 
		
Q Sect 
		
ADL No. 
		
Record Date 
		
Record Document # 
	
	
FUR 
		
14 
		
March 13, 2004 
		
March 13, 2004 
		
Iliamna 
		
Seward 
		
5 South 
		
39 West 
		
23 
		
SE 
		
644537 
		
3/13/2004 
		
2004-000609-0 
	
	
FUR 
		
15 
		
March 13, 2004 
		
March 13, 2004 
		
Iliamna 
		
Seward 
		
5 South 
		
39 West 
		
24 
		
SW 
		
644538 
		
3/13/2004 
		
2004-000610-0 
	
	
FUR 
		
26 
		
March 13, 2004 
		
March 13, 2004 
		
Iliamna 
		
Seward 
		
5 South 
		
38 West 
		
19 
		
NW 
		
644549 
		
3/13/2004 
		
2004-000621-0 
	
	
FUR 
		
27 
		
March 13, 2004 
		
March 13, 2004 
		
Iliamna 
		
Seward 
		
5 South 
		
39 West 
		
24 
		
NE 
		
644550 
		
3/13/2004 
		
2004-000622-0 
	
	
FUR 
		
28 
		
March 13, 2004 
		
March 13, 2004 
		
Iliamna 
		
Seward 
		
5 South 
		
39 West 
		
24 
		
NW 
		
644551 
		
3/13/2004 
		
2004-000623-0 
	
	
FUR 
		
29 
		
March 13, 2004 
		
March 13, 2004 
		
Iliamna 
		
Seward 
		
5 South 
		
39 West 
		
23 
		
NE 
		
644552 
		
3/13/2004 
		
2004-000624-0 
	
	
FUR 
		
30 
		
March 13, 2004 
		
March 13, 2004 
		
Iliamna 
		
Seward 
		
5 South 
		
39 West 
		
14 
		
SE 
		
644553 
		
3/13/2004 
		
2004-000625-0 
	
	
FUR 
		
31 
		
March 13, 2004 
		
March 13, 2004 
		
Iliamna 
		
Seward 
		
5 South 
		
39 West 
		
13 
		
SW 
		
644554 
		
3/13/2004 
		
2004-000626-0 
	
	
FUR 
		
32 
		
March 13, 2004 
		
March 13, 2004 
		
Iliamna 
		
Seward 
		
5 South 
		
39 West 
		
13 
		
SE 
		
644555 
		
3/13/2004 
		
2004-000627-0 
	
	
FUR 
		
33 
		
March 13, 2004 
		
March 13, 2004 
		
Iliamna 
		
Seward 
		
5 South 
		
38 West 
		
18 
		
SW 
		
644556 
		
3/13/2004 
		
2004-000628-0 
	
	
FUR 
		
34 
		
March 13, 2004 
		
March 13, 2004 
		
Iliamna 
		
Seward 
		
5 South 
		
38 West 
		
18 
		
SE 
		
644557 
		
3/13/2004 
		
2004-000629-0 
	
	
FUR 
		
37 
		
March 13, 2004 
		
March 13, 2004 
		
Iliamna 
		
Seward 
		
5 South 
		
38 West 
		
17 
		
NW 
		
644560 
		
3/13/2004 
		
2004-000632-0 
	
	
FUR 
		
38 
		
March 13, 2004 
		
March 13, 2004 
		
Iliamna 
		
Seward 
		
5 South 
		
38 West 
		
18 
		
NE 
		
644561 
		
3/13/2004 
		
2004-000633-0 
	
	
FUR 
		
39 
		
March 13, 2004 
		
March 13, 2004 
		
Iliamna 
		
Seward 
		
5 South 
		
38 West 
		
18 
		
NW 
		
644562 
		
3/13/2004 
		
2004-000634-0 
	
	
FUR 
		
40 
		
March 13, 2004 
		
March 13, 2004 
		
Iliamna 
		
Seward 
		
5 South 
		
39 West 
		
13 
		
NE 
		
644563 
		
3/13/2004 
		
2004-000635-0 
	
	
FUR 
		
41 
		
March 13, 2004 
		
March 13, 2004 
		
Iliamna 
		
Seward 
		
5 South 
		
39 West 
		
13 
		
NW 
		
644564 
		
3/13/2004 
		
2004-000636-0 
	
	
FUR 
		
42 
		
March 13, 2004 
		
March 13, 2004 
		
Iliamna 
		
Seward 
		
5 South 
		
39 West 
		
14 
		
NE 
		
644565 
		
3/13/2004 
		
2004-000637-0 
	
	
FUR 
		
43 
		
March 13, 2004 
		
March 13, 2004 
		
Iliamna 
		
Seward 
		
5 South 
		
39 West 
		
11 
		
SE 
		
644566 
		
3/13/2004 
		
2004-000638-0 
	
	
FUR 
		
44 
		
March 13, 2004 
		
March 13, 2004 
		
Iliamna 
		
Seward 
		
5 South 
		
39 West 
		
12 
		
SW 
		
644567 
		
3/13/2004 
		
2004-000639-0 
	
	
FUR 
		
45 
		
March 13, 2004 
		
March 13, 2004 
		
Iliamna 
		
Seward 
		
5 South 
		
39 West 
		
12 
		
SE 
		
644568 
		
3/13/2004 
		
2004-000640-0 
	
	
FUR 
		
46 
		
March 13, 2004 
		
March 13, 2004 
		
Iliamna 
		
Seward 
		
5 South 
		
38 West 
		
7 
		
SW 
		
644569 
		
3/13/2004 
		
2004-000641-0 
	
	
FUR 
		
47 
		
March 13, 2004 
		
March 13, 2004 
		
Iliamna 
		
Seward 
		
5 South 
		
38 West 
		
7 
		
SE 
		
644570 
		
3/13/2004 
		
2004-000642-0 
	
	
FUR 
		
48 
		
March 13, 2004 
		
March 13, 2004 
		
Iliamna 
		
Seward 
		
5 South 
		
38 West 
		
7 
		
NW 
		
644571 
		
3/13/2004 
		
2004-000643-0 
	
	
FUR 
		
49 
		
March 13, 2004 
		
March 13, 2004 
		
Iliamna 
		
Seward 
		
5 South 
		
39 West 
		
12 
		
NE 
		
644572 
		
3/13/2004 
		
2004-000644-0 
	
	
FUR 
		
50 
		
March 13, 2004 
		
March 13, 2004 
		
Iliamna 
		
Seward 
		
5 South 
		
39 West 
		
12 
		
NW 
		
644573 
		
3/13/2004 
		
2004-000645-0 
	

Ming Quitclaim Deed – Page 2 of 2 

 2 of 2 

  2004-000776-0

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00077-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00077-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00077-of-00352.parquet"}]]