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                                                                   Exhibit 10.16

                                     WARRANT

THE SECURITIES  REPRESENTED BY THIS WARRANT HAVE NOT BEEN  REGISTERED  UNDER THE
SECURITIES ACT OF 1933, AS AMENDED,  OR APPLICABLE  STATE  SECURITIES  LAWS. THE
SECURITIES  HAVE BEEN ACQUIRED FOR  INVESTMENT  AND MAY NOT BE OFFERED FOR SALE,
SOLD,  TRANSFERRED  OR  ASSIGNED  IN THE  ABSENCE OF AN  EFFECTIVE  REGISTRATION
STATEMENT FOR THE SECURITIES  UNDER THE  SECURITIES ACT OF 1933, AS AMENDED,  OR
APPLICABLE  STATE SECURITIES LAWS, OR AN OPINION OF COUNSEL IN A FORM REASONABLY
SATISFACTORY  TO THE ISSUER THAT  REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR
APPLICABLE  STATE SECURITIES LAWS OR UNLESS SOLD PURSUANT TO RULE 144 UNDER SAID
ACT.  NOTWITHSTANDING  THE FOREGOING,  THIS WARRANT MAY BE PLEDGED IN CONNECTION
WITH A BONA FIDE MARGIN ACCOUNT.

                              ENCLAVES GROUP, INC.

            WARRANT TO PURCHASE SERIES A CONVERTIBLE PREFERRED STOCK

Warrant No.: CCP-001                                   Number of Shares: 184,000

Date of Issuance: November 9, 2005

Enclaves Group, Inc., a Delaware  corporation (the "COMPANY"),  hereby certifies
that,  for Ten  United  States  Dollars  ($10.00)  and other  good and  valuable
consideration,  the receipt and  sufficiency  of which are hereby  acknowledged,
CORNELL CAPITAL  PARTNERS,  LP ("CORNELL"),  the registered holder hereof or its
permitted  assigns,  is  entitled,  subject  to the terms set  forth  below,  to
purchase from the Company upon  surrender of this Warrant,  at any time or times
on or after  the date  hereof,  but not after  11:59  P.M.  Eastern  Time on the
Expiration Date (as defined  herein) One Hundred Eighty Four Thousand  (184,000)
fully paid and  nonassessable  shares of Preferred  Stock (as defined herein) of
the Company (the  "PREFERRED  STOCK WARRANT  SHARES") at the exercise  price per
share  provided in Section  1(b) below or as  subsequently  adjusted;  provided,
however,  that in no event shall the holder be entitled to exercise this Warrant
for a number of  Preferred  Stock  Warrant  Shares  in excess of that  number of
Warrant Shares which, upon giving effect to such exercise, which upon conversion
of such Preferred Stock Warrant Shares into shares of the Company's common stock
(the "COMMON  STOCK")  would cause the  aggregate  number of shares of Preferred
Stock or Common Stock  beneficially  owned by the holder and its  affiliates  to
exceed  4.99% of the  outstanding  shares of the  Common  Stock  following  such
exercise,  except within sixty (60) days of the Expiration Date. For purposes of
the  foregoing  proviso,  the  aggregate  number of shares  of  Preferred  Stock
beneficially  owned by the holder and its affiliates shall include the number of
shares of Preferred Stock issuable upon exercise of this Warrant with respect to
which the  determination of such proviso is being made, but shall exclude shares
of Preferred  Stock which would be issuable upon (i) exercise of the  remaining,
unexercised  Warrants  beneficially  owned by the holder and its  affiliates and
(ii) exercise or conversion of the  unexercised  or  unconverted  portion of any
other  securities  of the  Company  beneficially  owned  by the  holder  and its

affiliates  (including,  without limitation,  any convertible notes or preferred
stock)  subject to a  limitation  on  conversion  or exercise  analogous  to the
limitation contained herein. Except as set forth in the preceding sentence,  for
purposes  of  this  paragraph,  beneficial  ownership  shall  be  calculated  in
accordance  with  Section  13(d) of the  Securities  Exchange  Act of  1934,  as
amended.  For purposes of this Warrant, in determining the number of outstanding
shares of Preferred Stock a holder may rely on the number of outstanding  shares
of Preferred  Stock as reflected in (1) the Company's most recent Form 10-QSB or
Form 10-KSB,  as the case may be, (2) a more recent public  announcement  by the
Company or (3) any other  notice by the Company or its  transfer  agent  setting
forth the number of shares of  Preferred  Stock  outstanding.  Upon the  written
request of any holder,  the Company shall  promptly,  but in no event later than
one (1) Business Day following the receipt of such notice, confirm in writing to
any such holder the number of shares of Preferred Stock then outstanding. In any
case,  the number of outstanding  shares of Preferred  Stock shall be determined
after  giving  effect to the  exercise  of Warrants  (as defined  below) by such
holder and its affiliates  since the date as of which such number of outstanding
shares of Preferred Stock was reported.

        Section 1.

               (a)   This Warrant is the Preferred  Stock purchase  warrant (the
"WARRANT")  issued pursuant to the Standby Equity  Distribution  Agreement dated
the date hereof by and between the Company and Cornell.

               (b)   DEFINITIONS.  The following words and terms as used in this
Warrant shall have the following meanings:

                     (i)    "APPROVED  STOCK  PLAN" means any  employee  benefit
plan which has been approved by the Board of Directors of the Company,  pursuant
to which  the  Company's  securities  may be issued  to any  founder,  employee,
officer or director for services provided to the Company.

                     (ii)   "BUSINESS  DAY" means any day other  than  Saturday,
Sunday  or  other  day on  which  commercial  banks  in the City of New York are
authorized or required by law to remain closed.

                     (iii)  "CLOSING  BID PRICE"  means the closing bid price of
Common  Stock as  quoted on the  Principal  Market  (as  reported  by  Bloomberg
Financial Markets ("BLOOMBERG") through its "Volume at Price" function).

                     (iv)   "PREFERRED  STOCK" means (i) the Company's  Series A
Preferred  Stock,  par value $0.001 per share,  and (ii) any capital  stock into
which  such  Preferred  Stock  shall  have been  changed  or any  capital  stock
resulting from a reclassification of such Preferred Stock.

                     (v)    INTENTIONALLY OMITTED.

                     (vi)   "EXPIRATION  DATE"  means  the date  three (3) years
from the  Issuance  Date of this  Warrant  or, if such date falls on a Saturday,
Sunday or other day on which banks are  required or  authorized  to be closed in
the City of New York or the State of New York or on which  trading does not take

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place on the  Principal  Exchange  or  automated  quotation  system on which the
Common Stock is traded (a "HOLIDAY"), the next date that is not a Holiday.

                     (vii)  "ISSUANCE DATE" means the date hereof.

                     (viii) "OPTIONS"  means any rights,  warrants or options to
subscribe for or purchase Common Stock or Convertible Securities.

                     (ix)   "OTHER  SECURITIES"  means  (i)  those  options  and
warrants of the Company issued prior to, and  outstanding  on, the Issuance Date
of this  Warrant,  (ii) the shares of Common Stock  issuable on exercise of such
options and  warrants,  provided such options and warrants are not amended after
the  Issuance  Date of this  Warrant  and (iii) the  shares of  Preferred  Stock
issuable upon exercise of this Warrant.

                     (x)    "PERSON"  means an individual,  a limited  liability
company,  a  partnership,   a  joint  venture,   a  corporation,   a  trust,  an
unincorporated  organization  and a  government  or  any  department  or  agency
thereof.

                     (xi)   "PRINCIPAL   MARKET"   means  the  New  York   Stock
Exchange,  the American Stock Exchange,  the Nasdaq National Market,  the Nasdaq
SmallCap  Market,  whichever is at the time the  principal  trading  exchange or
market  for such  security,  or the  over-the-counter  market on the  electronic
bulletin  board for such security as reported by Bloomberg or, if no bid or sale
information is reported for such security by Bloomberg,  then the average of the
bid prices of each of the market  makers for such  security  as  reported in the
"pink sheets" by the National Quotation Bureau, Inc.

                     (xii)  "SECURITIES  ACT" means the  Securities Act of 1933,
as amended.

                     (xiii) "WARRANT" means this Warrant and all Warrants issued
in exchange, transfer or replacement thereof.

                     (xiv)  "WARRANT  EXERCISE  PRICE" shall be $0.001 per share
or as subsequently adjusted as provided in Section 8 hereof.

                     (xv)   "PREFERRED STOCK WARRANT SHARES" means the shares of
Series A Preferred Stock issuable at any time upon exercise of this Warrant.

               (c)   OTHER DEFINITIONAL PROVISIONS.

                     (i)    Except as otherwise specified herein, all references
herein (A) to the Company  shall be deemed to include the  Company's  successors
and (B) to any  applicable  law defined or  referred  to herein  shall be deemed
references to such applicable law as the same may have been or may be amended or
supplemented from time to time.

                     (ii)   When  used  in this  Warrant,  the  words  "HEREIN",
"HEREOF",  and  "HEREUNDER"  and words of similar  import,  shall  refer to this
Warrant  as a whole  and not to any  provision  of this  Warrant,  and the words
"SECTION",  "SCHEDULE",  and "EXHIBIT" shall refer to Sections of, and Schedules
and Exhibits to, this Warrant unless otherwise specified.

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                     (iii)  Whenever the context so requires,  the neuter gender
includes the masculine or feminine, and the singular number includes the plural,
and vice versa.

        Section 2.   EXERCISE  OF WARRANT.  Subject to the terms and  conditions
hereof,  this Warrant may be exercised by the holder  hereof then  registered on
the books of the Company, pro rata as hereinafter  provided,  at any time on any
Business  Day on or  after  the  opening  of  business  on  such  Business  Day,
commencing  with the first day after the date  hereof,  and prior to 11:59  P.M.
Eastern Time on the Expiration Date, by (i) delivery of a written notice, in the
form of the  subscription  notice  attached as EXHIBIT A hereto  (the  "EXERCISE
NOTICE"), of such holder's election to exercise this Warrant, which notice shall
specify the number of  Preferred  Stock  Warrant  Shares to be  purchased,  (ii)
payment  to the  Company of an amount  equal to the  Warrant  Exercise  Price(s)
applicable to the Preferred Stock Warrant Shares being purchased,  multiplied by
the number of Preferred Stock Warrant Shares (at the applicable Warrant Exercise
Price) as to which this Warrant is being exercised (plus any applicable issue or
transfer  taxes) (the  "AGGREGATE  EXERCISE  PRICE") in cash or wire transfer of
immediately  available  funds and (iii) the  surrender  of this  Warrant  (or an
indemnification  undertaking  with  respect  to this  Warrant in the case of its
loss,  theft or destruction)  to a common carrier for overnight  delivery to the
Company as soon as practicable following such date. In the event of any exercise
of the rights  represented by this Warrant in compliance with this Section 2(a),
the Company shall on the fifth (5th)  Business Day following the date of receipt
of the Exercise  Notice,  the Aggregate  Exercise  Price and this Warrant (or an
indemnification  undertaking  with  respect  to this  Warrant in the case of its
loss, theft or destruction) and the receipt of the representations of the holder
specified  in Section 6 hereof,  if  requested  by the  Company  (the  "EXERCISE
DELIVERY  DOCUMENTS").  Upon  delivery  of the  Exercise  Notice  and  Aggregate
Exercise Price referred to in clause (ii) above the holder of this Warrant shall
be deemed for all corporate  purposes to have become the holder of record of the
Preferred  Stock  Warrant  Shares  with  respect to which this  Warrant has been
exercised.  In the case of a  dispute  as to the  determination  of the  Warrant
Exercise  Price,  the Closing  Bid Price or the  arithmetic  calculation  of the
Preferred Stock Warrant  Shares,  the Company shall promptly issue to the holder
the number of  Preferred  Stock  Warrant  Shares that is not  disputed and shall
submit the disputed  determinations or arithmetic calculations to the holder via
facsimile  within  one (1)  Business  Day of receipt  of the  holder's  Exercise
Notice. If the holder and the Company are unable to agree upon the determination
of the Warrant  Exercise Price or arithmetic  calculation of the Preferred Stock
Warrant Shares within one (1) day of such disputed  determination  or arithmetic
calculation  being submitted to the holder,  then the Company shall  immediately
submit via  facsimile  (i) the disputed  determination  of the Warrant  Exercise
Price or the Closing Bid Price to an independent,  reputable  investment banking
firm or (ii) the disputed arithmetic  calculation of the Preferred Stock Warrant
Shares to its  independent,  outside  accountant.  The  Company  shall cause the
investment  banking firm or the  accountant,  as the case may be, to perform the
determinations  or  calculations  and notify the  Company  and the holder of the
results no later than  forty-eight  (48)  hours  from the time it  receives  the
disputed  determinations  or  calculations.  Such  investment  banking firm's or
accountant's  determination or calculation,  as the case may be, shall be deemed
conclusive absent manifest error.

               (a)   Unless the rights  represented  by this Warrant  shall have
expired  or shall have been  fully  exercised,  the  Company  shall,  as soon as
practicable and in no event later than five (5) Business Days after any exercise
and at its own  expense,  issue a new Warrant  identical in all respects to this
Warrant  exercised  except it shall  represent  rights to purchase the number of

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Preferred Stock Warrant Shares  purchasable  immediately  prior to such exercise
under this Warrant exercised,  less the number of Preferred Stock Warrant Shares
with respect to which such Warrant is exercised.

               (b)   No  fractional  Preferred  Stock  Warrant  Shares are to be
issued  upon any pro rata  exercise  of this  Warrant,  but rather the number of
Preferred  Stock Warrant  Shares issued upon such exercise of this Warrant shall
be rounded up or down to the nearest whole number.

               (c)   If within ten (10) days after the Company's  receipt of the
Exercise Delivery  Documents,  the Company fails to deliver a new Warrant to the
holder for the number of Preferred  Stock Warrant Shares to which such holder is
entitled pursuant to Section 2 hereof,  then, in addition to any other available
remedies  under this  Warrant or the  Placement  Agent  Agreement,  or otherwise
available to such holder, the Company shall pay as additional damages in cash to
such holder on each day after such tenth  (10th) day that such  delivery of such
new Warrant is not timely effected in an amount equal to 0.25% of the product of
(A) the number of Preferred  Stock Warrant Shares  represented by the portion of
this Warrant  which is not being  exercised and (B) the Closing Bid Price of the
Common Stock for the trading day  immediately  preceding  the last possible date
which the Company could have issued such Warrant to the holder without violating
this Section 2.

        Section 3.   COVENANTS  AS  TO  PREFERRED   STOCK.  The  Company  hereby
covenants  and agrees as follows:

               (a)   This  Warrant is, and any Warrants  issued in  substitution
for or  replacement  of this Warrant will upon issuance be, duly  authorized and
validly issued.

               (b)   All Preferred Stock Warrant Shares which may be issued upon
the exercise of the rights  represented by this Warrant will, upon issuance,  be
validly issued,  fully paid and nonassessable and free from all taxes, liens and
charges with respect to the issue thereof.

               (c)   During the period  within which the rights  represented  by
this Warrant may be exercised, the Company will at all times have authorized and
reserved  at least  one  hundred  percent  (100%)  of the  number  of  shares of
Preferred  Stock  needed  to  provide  for  the  exercise  of  the  rights  then
represented  by this  Warrant and the par value of said shares will at all times
be less than or equal to the applicable  Warrant  Exercise Price. If at any time
the  Company  does not have a  sufficient  number of shares of  Preferred  Stock
authorized and available, then the Company shall call and hold a special meeting
of its stockholders  within sixty (60) days of that time for the sole purpose of
increasing the number of authorized shares of Preferred Stock.

               (d)   If at any time after the date hereof the Company shall file
a registration  statement for the Preferred Stock, the Company shall include the
Preferred Stock Warrant Shares issuable to the holder,  pursuant to the terms of
this Warrant and shall maintain the listing of the Company's  Common Stock;  and
the Company  shall so list on each  national  securities  exchange or  automated
quotation  system,  as the case may be, and shall  maintain such listing of, any
other shares of capital stock of the Company  issuable upon the exercise of this

                                      A-5

Warrant if and so long as any  shares of the same class  shall be listed on such
national securities exchange or automated quotation system.

               (e)   The  Company  will not,  by  amendment  of its  Articles of
Incorporation or through any reorganization,  transfer of assets, consolidation,
merger, dissolution, issue or sale of securities, or any other voluntary action,
avoid or seek to avoid the  observance or  performance of any of the terms to be
observed  or  performed  by it  hereunder,  but will at all times in good  faith
assist in the  carrying  out of all the  provisions  of this  Warrant and in the
taking of all such action as may  reasonably  be requested by the holder of this
Warrant in order to protect the exercise privilege of the holder of this Warrant
against dilution or other  impairment,  consistent with the tenor and purpose of
this  Warrant.  The  Company  will not  increase  the par value of any shares of
Preferred  Stock  receivable upon the exercise of this Warrant above the Warrant
Exercise  Price  then in effect,  and (ii) will take all such  actions as may be
necessary or appropriate in order that the Company may validly and legally issue
fully paid and nonassessable shares of Preferred Stock upon the exercise of this
Warrant.

               (f)   This Warrant will be binding upon any entity  succeeding to
the Company by merger,  consolidation or acquisition of all or substantially all
of the Company's assets.

               (g)   The Preferred  Stock  Warrant  Shares and the shares of the
Company's Common Stock underlying the Preferred Stock Warrant Shares are subject
to dilution PRO RATA with the Preferred  Stock of the sole  remaining  holder of
Preferred Stock, Homes for America Holdings, Inc., for shares of Preferred Stock
issued under the Approved Stock Plan and any other  Preferred  Stock issued with
the advance written consent of Cornell.

        Section 4.   TAXES. The Company shall pay any and all taxes,  except any
applicable  withholding,  which may be payable  with respect to the issuance and
delivery of Preferred Stock Warrant Shares upon exercise of this Warrant.

        Section 5.   WARRANT  HOLDER  NOT  DEEMED  A   STOCKHOLDER.   Except  as
otherwise  specifically  provided  herein,  no holder,  as such, of this Warrant
shall be entitled to vote or receive dividends or be deemed the holder of shares
of capital stock of the Company for any purpose, nor shall anything contained in
this Warrant be construed to confer upon the holder hereof,  as such, any of the
rights of a  stockholder  of the Company or any right to vote,  give or withhold
consent to any corporate  action  (whether any  reorganization,  issue of stock,
reclassification  of stock,  consolidation,  merger,  conveyance or  otherwise),
receive  notice of  meetings,  receive  dividends  or  subscription  rights,  or
otherwise,  prior to the issuance to the holder of this Warrant of the Preferred
Stock  Warrant  Shares which he or she is then  entitled to receive upon the due
exercise of this Warrant.  In addition,  nothing contained in this Warrant shall
be  construed  as  imposing  any  liabilities  on such  holder to  purchase  any
securities  (upon  exercise of this Warrant or otherwise) or as a stockholder of
the  Company,  whether  such  liabilities  are  asserted  by the  Company  or by
creditors  of the  Company.  Notwithstanding  this  Section 5, the Company  will
provide the holder of this  Warrant  with  copies of the same  notices and other
information   given   to   the   stockholders   of   the   Company    generally,
contemporaneously with the giving thereof to the stockholders.

                                      A-6

        Section 6.   REPRESENTATIONS OF HOLDER.  The holder of this Warrant,  by
the  acceptance  hereof,  represents  that it is acquiring  this Warrant and the
Preferred  Stock Warrant Shares for its own account for investment  only and not
with a view  towards,  or for resale in  connection  with,  the  public  sale or
distribution  of this Warrant or the  Preferred  Stock  Warrant  Shares,  except
pursuant to sales  registered or exempted  under the Securities  Act;  provided,
however, that by making the representations herein, the holder does not agree to
hold this Warrant or any of the Preferred  Stock Warrant  Shares for any minimum
or other specific term and reserves the right to dispose of this Warrant and the
Preferred  Stock Warrant Shares at any time in accordance  with or pursuant to a
registration  statement or an exemption  under the Securities Act. The holder of
this Warrant further  represents,  by acceptance hereof,  that, as of this date,
such  holder  is an  "accredited  investor"  as  such  term is  defined  in Rule
501(a)(1) of Regulation D promulgated by the Securities and Exchange  Commission
under the  Securities  Act (an  "ACCREDITED  INVESTOR").  Upon  exercise of this
Warrant the holder shall, if requested by the Company,  confirm in writing, in a
form  satisfactory  to the Company,  that the Preferred  Stock Warrant Shares so
purchased  are being  acquired  solely for the holder's own account and not as a
nominee  for  any  other  party,  for  investment,  and not  with a view  toward
distribution or resale and that such holder is an Accredited  Investor.  If such
holder  cannot  make  such  representations  because  they  would  be  factually
incorrect,  it shall be a condition  to such  holder's  exercise of this Warrant
that the Company  receive such other  representations  as the Company  considers
reasonably  necessary to assure the Company that the issuance of its  securities
upon  exercise of this  Warrant  shall not  violate  any United  States or state
securities laws.

        Section 7.   OWNERSHIP AND TRANSFER.

               (a)   The  Company  shall  maintain  at its  principal  executive
offices (or such other  office or agency of the Company as it may  designate  by
notice to the holder hereof), a register for this Warrant,  in which the Company
shall  record the name and address of the person in whose name this  Warrant has
been issued, as well as the name and address of each transferee. The Company may
treat the person in whose name any Warrant is  registered on the register as the
owner and holder  thereof for all  purposes,  notwithstanding  any notice to the
contrary,  but in all events  recognizing  any transfers made in accordance with
the terms of this Warrant.

        Section 8.   ADJUSTMENT OF WARRANT  EXERCISE PRICE AND NUMBER OF SHARES.
The Warrant  Exercise Price and the number of shares of Preferred Stock issuable
upon exercise of this Warrant shall be adjusted from time to time as follows:

               (a)   ADJUSTMENT OF WARRANT  EXERCISE  PRICE AND NUMBER OF SHARES
UPON ISSUANCE OF PREFERRED  STOCK. If and whenever on or after the Issuance Date
of this  Warrant,  the Company  issues or sells,  or is deemed to have issued or
sold, any shares of Preferred Stock (other than (i) Excluded Securities and (ii)
shares of Preferred  Stock which are issued or deemed to have been issued by the
Company in connection with an Approved Stock Plan or upon exercise or conversion
of the Other  Securities) for a  consideration  per share less than a price (the
"APPLICABLE  PRICE") equal to the Warrant  Exercise Price in effect  immediately
prior to such issuance or sale,  then  immediately  after such issue or sale the
Warrant  Exercise  Price then in effect  shall be reduced to an amount  equal to
such  consideration per share. Upon each such adjustment of the Warrant Exercise
Price  hereunder,  the number of Preferred  Stock Warrant  Shares  issuable upon
exercise of this Warrant shall be adjusted to the number of shares determined by

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multiplying  the  Warrant  Exercise  Price in effect  immediately  prior to such
adjustment  by the  number of  Preferred  Stock  Warrant  Shares  issuable  upon
exercise of this Warrant  immediately  prior to such adjustment and dividing the
product thereof by the Warrant Exercise Price resulting from such adjustment.

               (b)   EFFECT ON WARRANT  EXERCISE  PRICE OF CERTAIN  EVENTS.  For
purposes of determining the adjusted  Warrant  Exercise Price under Section 8(a)
above, the following shall be applicable:

                     (i)    ISSUANCE OF OPTIONS.  If after the date hereof,  the
Company in any  manner  grants any  Options  and the lowest  price per share for
which one share of Common Stock is issuable upon the exercise of any such Option
or upon  conversion  or exchange of any  convertible  securities  issuable  upon
exercise of any such Option is less than the Applicable  Price,  then such share
of Common  Stock shall be deemed to be  outstanding  and to have been issued and
sold by the Company at the time of the  granting or sale of such Option for such
price per share.  For  purposes of this  Section  8(b)(i),  the lowest price per
share for which one share of Common  Stock is  issuable  upon  exercise  of such
Options or upon conversion or exchange of such  Convertible  Securities shall be
equal to the sum of the lowest  amounts of  consideration  (if any)  received or
receivable by the Company with respect to any one share of Common Stock upon the
granting or sale of the Option,  upon exercise of the Option or upon  conversion
or exchange of any convertible  security  issuable upon exercise of such Option.
No further  adjustment  of the  Warrant  Exercise  Price  shall be made upon the
actual issuance of such Common Stock or of such convertible  securities upon the
exercise of such  Options or upon the actual  issuance of such Common Stock upon
conversion or exchange of such convertible securities.

                     (ii)  ISSUANCE OF CONVERTIBLE  SECURITIES.  If the Company
in any manner issues or sells any  convertible  securities  and the lowest price
per share for which one share of Common Stock is issuable upon the conversion or
exchange  thereof is less than the Applicable  Price,  then such share of Common
Stock shall be deemed to be outstanding  and to have been issued and sold by the
Company at the time of the issuance or sale of such  convertible  securities for
such price per share.  For the  purposes of this  Section  8(b)(ii),  the lowest
price per share for  which  one  share of  Common  Stock is  issuable  upon such
conversion  or  exchange  shall  be equal to the sum of the  lowest  amounts  of
consideration (if any) received or receivable by the Company with respect to one
share of Common Stock upon the issuance or sale of the convertible  security and
upon conversion or exchange of such convertible  security. No further adjustment
of the Warrant  Exercise  Price  shall be made upon the actual  issuance of such
Common Stock upon conversion or exchange of such convertible securities,  and if
any such issue or sale of such  convertible  securities is made upon exercise of
any Options for which  adjustment of the Warrant  Exercise Price had been or are
to be made  pursuant  to other  provisions  of this  Section  8(b),  no  further
adjustment of the Warrant  Exercise  Price shall be made by reason of such issue
or sale.

                     (iii)  CHANGE IN OPTION PRICE OR RATE OF CONVERSION. If the
purchase price provided for in any Options,  the  additional  consideration,  if
any,  payable  upon  the  issue,  conversion  or  exchange  of  any  convertible
securities, or the rate at which any convertible securities are convertible into
or exchangeable for Common Stock changes at any time, the Warrant Exercise Price

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in effect at the time of such change  shall be adjusted to the Warrant  Exercise
Price  which  would  have  been in  effect  at such  time  had such  Options  or
convertible  securities  provided for such changed  purchase  price,  additional
consideration  or  changed  conversion  rate,  as the case  may be,  at the time
initially  granted,  issued or sold and the number of  Preferred  Stock  Warrant
Shares  issuable  upon  exercise  of  this  Warrant  shall  be   correspondingly
readjusted.  For purposes of this Section 8(b)(iii),  if the terms of any Option
or  convertible  security that was  outstanding  as of the Issuance Date of this
Warrant  are  changed  in the  manner  described  in the  immediately  preceding
sentence,  then such Option or convertible  security and the Common Stock deemed
issuable upon exercise,  conversion or exchange  thereof shall be deemed to have
been  issued  as of the date of such  change.  No  adjustment  pursuant  to this
Section 8(b) shall be made if such adjustment would result in an increase of the
Warrant Exercise Price then in effect.

               (c)    EFFECT ON WARRANT  EXERCISE PRICE OF CERTAIN  EVENTS.  For
purposes of determining the adjusted  Warrant Exercise Price under Sections 8(a)
and 8(b), the following shall be applicable:

                      (i)   CALCULATION OF CONSIDERATION RECEIVED. If any Common
Stock,  Options or  convertible  securities are issued or sold or deemed to have
been  issued or sold for cash,  the  consideration  received  therefore  will be
deemed to be the net amount  received  by the Company  therefore.  If any Common
Stock, Options or convertible  securities are issued or sold for a consideration
other than cash, the amount of such  consideration  received by the Company will
be the  fair  value  of such  consideration,  except  where  such  consideration
consists of  marketable  securities,  in which case the amount of  consideration
received by the Company will be the market price of such  securities on the date
of  receipt of such  securities.  If any Common  Stock,  Options or  convertible
securities  are issued to the owners of the  non-surviving  entity in connection
with any merger in which the  Company  is the  surviving  entity,  the amount of
consideration  therefore  will be deemed to be the fair value of such portion of
the net assets and business of the  non-surviving  entity as is  attributable to
such Common Stock,  Options or convertible  securities,  as the case may be. The
fair value of any consideration other than cash or securities will be determined
jointly  by the  Company  and the  holders  of  Warrants  representing  at least
two-thirds (b) of the Preferred  Stock Warrant Shares  issuable upon exercise of
the Warrants  then  outstanding.  If such parties are unable to reach  agreement
within ten (10) days after the occurrence of an event  requiring  valuation (the
"VALUATION  EVENT"),  the fair value of such  consideration  will be  determined
within five (5) Business Days after the tenth (10th) day following the Valuation
Event by an independent, reputable appraiser jointly selected by the Company and
the holders of Warrants  representing  at least  two-thirds (b) of the Preferred
Stock Warrant  Shares  issuable upon exercise of the Warrants then  outstanding.
The  determination of such appraiser shall be final and binding upon all parties
and the fees and  expenses  of such  appraiser  shall  be borne  jointly  by the
Company and the holders of Warrants.

                      (ii)  INTEGRATED  TRANSACTIONS.  In  case  any  Option  is
issued in connection with the issue or sale of other  securities of the Company,
together   comprising   one   integrated   transaction   in  which  no  specific
consideration is allocated to such Options by the parties  thereto,  the Options
will be deemed to have been issued for a consideration of $.01.

                                      A-9

                     (iii)  TREASURY  SHARES.  The  number  of  shares of Common
Stock  outstanding at any given time does not include shares owned or held by or
for the account of the Company,  and the  disposition  of any shares so owned or
held will be considered an issue or sale of Common Stock.

                     (iv)   RECORD  DATE.  If the Company  takes a record of the
holders  of Common  Stock for the  purpose  of  entitling  them (1) to receive a
dividend  or  other  distribution   payable  in  Common  Stock,  Options  or  in
convertible securities or (2) to subscribe for or purchase Common Stock, Options
or convertible  securities,  then such record date will be deemed to be the date
of the issue or sale of the shares of Common Stock deemed to have been issued or
sold  upon  the  declaration  of such  dividend  or the  making  of  such  other
distribution  or the  date of the  granting  of such  right of  subscription  or
purchase, as the case may be.

               (d)    ADJUSTMENT OF WARRANT  EXERCISE PRICE UPON  SUBDIVISION OR
COMBINATION  OF  COMMON  STOCK.  If the  Company  at any time  after the date of
issuance  of this  Warrant  subdivides  (by any  stock  split,  stock  dividend,
recapitalization  or otherwise) one or more classes of its outstanding shares of
Common  Stock into a greater  number of shares,  any Warrant  Exercise  Price in
effect immediately prior to such subdivision will be proportionately reduced and
the number of shares of Common Stock  obtainable  upon  exercise of this Warrant
will be proportionately  increased. If the Company at any time after the date of
issuance  of this  Warrant  combines  (by  combination,  reverse  stock split or
otherwise) one or more classes of its outstanding  shares of Common Stock into a
smaller number of shares, any Warrant Exercise Price in effect immediately prior
to such  combination  will  be  proportionately  increased  and  the  number  of
Preferred  Stock Warrant  Shares  issuable upon exercise of this Warrant will be
proportionately  decreased.  Any adjustment under this Section 8(d) shall become
effective at the close of business on the date the  subdivision  or  combination
becomes effective.

               (e)    DISTRIBUTION  OF ASSETS.  If the Company  shall declare or
make any dividend or other  distribution of its assets (or rights to acquire its
assets)  to holders of Common  Stock,  by way of return of capital or  otherwise
(including,  without  limitation,  any  distribution  of  cash,  stock  or other
securities,   property   or   options   by  way  of  a   dividend,   spin   off,
reclassification,  corporate  rearrangement  or other  similar  transaction)  (a
"DISTRIBUTION"),  at any time after the issuance of this Warrant,  then, in each
such case:

                      (i)   any  Warrant  Exercise  Price in effect  immediately
prior to the close of business on the record date fixed for the determination of
holders of Common Stock entitled to receive the  Distribution  shall be reduced,
effective as of the close of business on such record date, to a price determined
by  multiplying  such  Warrant  Exercise  Price by a  fraction  of which (A) the
numerator shall be the Closing Sale Price of the Common Stock on the trading day
immediately  preceding such record date minus the value of the  Distribution (as
determined in good faith by the Company's Board of Directors)  applicable to one
share of Common Stock,  and (B) the denominator  shall be the Closing Sale Price
of the Common Stock on the trading day  immediately  preceding such record date;
and

                      (ii)  either (A) the  number of  Preferred  Stock  Warrant
Shares  obtainable  upon exercise of this Warrant shall be increased to a number
of shares equal to the number of shares of Common Stock  obtainable  immediately
prior to the close of business on the record date fixed for the determination of

                                      A-10

holders of Common Stock entitled to receive the  Distribution  multiplied by the
reciprocal of the fraction set forth in the immediately preceding clause (i), or
(B) in the event that the  Distribution  is of common  stock of a company  whose
common stock is traded on a national securities exchange or a national automated
quotation  system,  then the holder of this Warrant  shall receive an additional
warrant to purchase Common Stock, the terms of which shall be identical to those
of this Warrant,  except that such warrant shall be exercisable  into the amount
of the  assets  that  would  have been  payable  to the  holder of this  Warrant
pursuant to the Distribution  had the holder exercised this Warrant  immediately
prior to such  record  date and with an  exercise  price  equal to the amount by
which the  exercise  price of this  Warrant was  decreased  with  respect to the
Distribution pursuant to the terms of the immediately preceding clause (i).

               (f)    CERTAIN   EVENTS.   If  any  event   occurs  of  the  type
contemplated by the provisions of this Section 8 but not expressly  provided for
by such  provisions  (including,  without  limitation,  the  granting  of  stock
appreciation rights, phantom stock rights or other rights with equity features),
then the Company's Board of Directors will make an appropriate adjustment in the
Warrant  Exercise Price and the number of shares of Common Stock obtainable upon
exercise  of this  Warrant  so as to protect  the  rights of the  holders of the
Warrants;  provided, except as set forth in section 8(d),that no such adjustment
pursuant  to this  Section  8(f) will  increase  the Warrant  Exercise  Price or
decrease the number of shares of Common Stock obtainable as otherwise determined
pursuant to this Section 8.

               (g)    NOTICES.

                      (i)   Immediately  upon  any  adjustment  of  the  Warrant
Exercise  Price,  the Company will give written  notice thereof to the holder of
this  Warrant,   setting  forth  in  reasonable  detail,  and  certifying,   the
calculation of such adjustment.

                      (ii)  The Company will give  written  notice to the holder
of this  Warrant at least ten (10) days  prior to the date on which the  Company
closes  its  books  or  takes a  record  (A) with  respect  to any  dividend  or
distribution  upon  the  Preferred  Stock,  (B)  with  respect  to any pro  rata
subscription  offer to holders of Preferred Stock or (C) for determining  rights
to vote with respect to any Organic  Change (as defined  below),  dissolution or
liquidation,  provided that such  information  shall be made known to the public
prior to or in conjunction with such notice being provided to such holder.

                      (iii) The  Company  will also give  written  notice to the
holder of this  Warrant  at least  ten (10) days  prior to the date on which any
Organic Change,  dissolution or liquidation will take place,  provided that such
information  shall be made known to the public prior to or in  conjunction  with
such notice being provided to such holder.

        Section 9.    PURCHASE   RIGHTS;    REORGANIZATION,    RECLASSIFICATION,
CONSOLIDATION,  MERGER OR SALE.

               (a)    In  addition  to any  adjustments  pursuant  to  Section 8
above,  if at any  time  the  Company  grants,  issues  or  sells  any  Options,
Convertible  Securities  or rights to purchase  stock,  warrants,  securities or
other  property pro rata to the record  holders of any class of Preferred  Stock

                                      A-11

(the  "PURCHASE  RIGHTS"),  then the holder of this  Warrant will be entitled to
acquire,  upon the terms  applicable  to such  Purchase  Rights,  the  aggregate
Purchase  Rights which such holder  could have  acquired if such holder had held
the number of shares of Preferred  Stock  acquirable  upon complete  exercise of
this  Warrant  immediately  before  the date on which a record  is taken for the
grant, issuance or sale of such Purchase Rights, or, if no such record is taken,
the date as of which the record holders of Preferred  Stock are to be determined
for the grant, issue or sale of such Purchase Rights.

                (b)   Any  recapitalization,  reorganization,  reclassification,
consolidation,  merger, sale of all or substantially all of the Company's assets
to another Person or other  transaction in each case which is effected in such a
way that holders of Preferred Stock are entitled to receive (either  directly or
upon subsequent  liquidation) stock,  securities or assets with respect to or in
exchange for Preferred Stock is referred to herein as an "ORGANIC CHANGE." Prior
to the consummation of any (i) sale of all or substantially all of the Company's
assets to an acquiring  Person or (ii) other Organic Change  following which the
Company is not a  surviving  entity,  the  Company  will  secure from the Person
purchasing  such assets or the successor  resulting from such Organic Change (in
each case,  the "ACQUIRING  ENTITY") a written  agreement (in form and substance
satisfactory to the holders of Warrants  representing at least  two-thirds (iii)
of the  Preferred  Stock Warrant  Shares  issuable upon exercise of the Warrants
then  outstanding)  to deliver to each holder of  Warrants in exchange  for such
Warrants,  a security of the Acquiring Entity evidenced by a written  instrument
substantially  similar in form and substance to this Warrant and satisfactory to
the holders of the Warrants  (including an adjusted warrant exercise price equal
to  the  value  for  the  Preferred   Stock  reflected  by  the  terms  of  such
consolidation,  merger or sale, and exercisable  for a  corresponding  number of
shares of  Preferred  Stock  acquirable  and  receivable  upon  exercise  of the
Warrants  without  regard  to any  limitations  on  exercise,  if the  value  so
reflected is less than any Applicable  Warrant Exercise Price  immediately prior
to such  consolidation,  merger or sale). Prior to the consummation of any other
Organic  Change,  the  Company  shall make  appropriate  provision  (in form and
substance satisfactory to the holders of Warrants representing a majority of the
Preferred  Stock  Warrant  Shares  issuable  upon  exercise of the Warrants then
outstanding)  to insure that each of the holders of the Warrants will thereafter
have the right to acquire  and receive in lieu of or in addition to (as the case
may be) the Preferred Stock Warrant Shares immediately  theretofore issuable and
receivable  upon the exercise of such holder's  Warrants  (without regard to any
limitations on exercise),  such shares of stock, securities or assets that would
have been  issued or  payable  in such  Organic  Change  with  respect  to or in
exchange for the number of Preferred  Stock Warrant Shares which would have been
issuable and  receivable  upon the exercise of such  holder's  Warrant as of the
date of such Organic  Change  (without  taking into account any  limitations  or
restrictions on the exercisability of this Warrant).

        Section 10.   LOST,  STOLEN,  MUTILATED  OR DESTROYED  WARRANT.  If this
Warrant is lost, stolen,  mutilated or destroyed, the Company shall promptly, on
receipt  of an  indemnification  undertaking  (or,  in the  case of a  mutilated
Warrant,  the Warrant),  issue a new Warrant of like  denomination  and tenor as
this Warrant so lost, stolen, mutilated or destroyed.

        Section 11.   NOTICE.   Any   notices,   consents,   waivers   or  other
communications required or permitted to be given under the terms of this Warrant
must be in writing and will be deemed to have been delivered:  (i) upon receipt,
when delivered  personally;  (ii) upon receipt, when sent by facsimile (provided

                                      A-12

confirmation  of  receipt is  received  by the  sending  party  transmission  is
mechanically or electronically generated and kept on file by the sending party);
or (iii) one Business Day after deposit with a nationally  recognized  overnight
delivery  service,  in each case properly  addressed to the party to receive the
same. The addresses and facsimile numbers for such communications shall be:

If to Cornell:                 Cornell Capital Partners, LP
                               101 Hudson Street - Suite 3700
                               Jersey City, NJ  07302
                               Attention:     Mark A. Angelo
                               Telephone:     (201) 985-8300
                               Facsimile:     (201) 985-8266

With Copy to:                  Troy Rillo, Esq.
                               101 Hudson Street - Suite 3700
                               Jersey City, NJ 07302
                               Telephone:     (201) 985-8300
                               Facsimile:     (201) 985-8266

If to the Company, to:         Enclaves Group, Inc.
                               45 Knollwood Road, Fifth Floor
                               Elmsford, New York 10701
                               Attention:     Daniel G. Hayes
                               Telephone:     (914) 592-2100
                               Facsimile:     (914) 592-2105

With a copy to:                Olshan Grundman Frome Rosenzweig & Wolosky LLP
                               Park Avenue Tower
                               65 East 55th Street
                               New York, NY 10022
                               Attention:     Robert H. Friedman, Esq.
                               Telephone:     (212) 451-2220
                               Facsimile:     (212) 451-2222

If to a holder of this Warrant,  to it at the address and  facsimile  number set
forth on EXHIBIT C hereto,  with copies to such holder's  representatives as set
forth on EXHIBIT C, or at such other address and facsimile as shall be delivered
to the Company upon the issuance or transfer of this  Warrant.  Each party shall
provide  five days'  prior  written  notice to the other  party of any change in
address or facsimile  number.  Written  confirmation of receipt (A) given by the
recipient of such notice, consent, facsimile, waiver or other communication, (or
(B) provided by a nationally  recognized  overnight  delivery  service  shall be
rebuttable evidence of personal service,  receipt by facsimile or receipt from a
nationally  recognized overnight delivery service in accordance with clause (i),
(ii) or (iii) above, respectively.

        Section 12.   DATE.  The  date of this  Warrant  is set  forth on page 1
hereof. This Warrant, in all events, shall be wholly void and of no effect after
the close of business on the Expiration Date,  except that  notwithstanding  any

                                      A-13

other provisions  hereof,  the provisions of Section 8(b) shall continue in full
force and effect after such date as to any  Preferred  Stock  Warrant  Shares or
other securities issued upon the exercise of this Warrant.

        Section 13.   AMENDMENT AND WAIVER. Except as otherwise provided herein,
the  provisions  of the  Warrants  may be amended  and the  Company may take any
action  herein  prohibited,  or omit to perform  any act herein  required  to be
performed  by it, only if the Company has  obtained  the written  consent of the
holders of Warrants  representing  at least  two-thirds of the  Preferred  Stock
Warrant Shares issuable upon exercise of the Warrants then outstanding; provided
that,  except for Section 8(d), no such action may increase the Warrant Exercise
Price or  decrease  the  number  of  shares  or class of stock  obtainable  upon
exercise  of any  Warrant  without  the  written  consent  of the holder of such
Warrant.

        Section 14    DESCRIPTIVE  HEADINGS;   GOVERNING  LAW.  The  descriptive
headings of the several sections and paragraphs of this Warrant are inserted for
convenience  only and do not  constitute a part of this  Warrant.  The corporate
laws of the State of Nevada  shall  govern all issues  concerning  the  relative
rights of the Company and its stockholders.  All other questions  concerning the
construction,  validity,  enforcement and interpretation of this Agreement shall
be governed by the  internal  laws of the State of New  Jersey,  without  giving
effect to any choice of law or conflict of law provision or rule (whether of the
State of New Jersey or any other jurisdictions) that would cause the application
of the laws of any jurisdictions  other than the State of New Jersey. Each party
hereby  irrevocably  submits  to the  exclusive  jurisdiction  of the  state and
federal courts sitting in Hudson County and the United States District Court for
the District of New Jersey,  for the adjudication of any dispute hereunder or in
connection herewith or therewith, or with any transaction contemplated hereby or
discussed herein, and hereby irrevocably waives, and agrees not to assert in any
suit, action or proceeding,  any claim that it is not personally  subject to the
jurisdiction of any such court,  that such suit, action or proceeding is brought
in an inconvenient forum or that the venue of such suit, action or proceeding is
improper.  Each party hereby  irrevocably waives personal service of process and
consents  to process  being  served in any such suit,  action or  proceeding  by
mailing a copy thereof to such party at the address for such notices to it under
this Agreement and agrees that such service shall constitute good and sufficient
service of process and notice thereof.  Nothing contained herein shall be deemed
to limit in any way any right to serve process in any manner permitted by law.

        Section 15.   WAIVER OF JURY TRIAL.  AS A MATERIAL  INDUCEMENT  FOR EACH
PARTY HERETO TO ENTER INTO THIS  WARRANT,  THE PARTIES  HERETO  HEREBY WAIVE ANY
RIGHT  TO  TRIAL  BY JURY IN ANY  LEGAL  PROCEEDING  RELATED  IN ANY WAY TO THIS
WARRANT  AND/OR  ANY  AND  ALL OF  THE  OTHER  DOCUMENTS  ASSOCIATED  WITH  THIS
TRANSACTION.

         IN WITNESS WHEREOF, the Company has caused this Warrant to be signed as
of the date first set forth above.

                                     ENCLAVES GROUP, INC.

                                     By:   /s/ Daniel G. Hayes
                                           ----------------------
                                     Name:    Daniel G. Hayes
                                     Title:   President & CEO

                                      A-14

                              EXHIBIT A TO WARRANT
                              --------------------

                                 EXERCISE NOTICE
                                 ---------------

                                 TO BE EXECUTED
                BY THE REGISTERED HOLDER TO EXERCISE THIS WARRANT

                              ENCLAVES GROUP, INC.

         The  undersigned   holder  hereby   exercises  the  right  to  purchase
______________  of the  shares of  Preferred  Stock  ("PREFERRED  STOCK  WARRANT
SHARES")  of Enclaves  Group,  Inc.,  a Delaware  corporation  (the  "COMPANY"),
evidenced by the attached Warrant (the "WARRANT"). Capitalized terms used herein
and not otherwise  defined shall have the  respective  meanings set forth in the
Warrant.

         1. FORM OF WARRANT  EXERCISE PRICE.  The Holder intends that payment of
the  Warrant  Exercise  Price  shall be made on a Cash  Basis  with  respect  to
______________ Preferred Stock Warrant Shares.

         2. PAYMENT OF WARRANT  EXERCISE PRICE.  The holder shall pay the sum of
$______________ to the Company in accordance with the terms of the Warrant.

         3.  DELIVERY OF  PREFERRED  STOCK  WARRANT  SHARES.  The Company  shall
deliver to the holder  _________  Preferred  Stock Warrant  Shares in accordance
with the terms of the Warrant.

Date: _______________ __, ______

Name of Registered Holder

By:_________________________________________
Name:_______________________________________
Title:______________________________________

                                      A-15

                              EXHIBIT B TO WARRANT
                              --------------------

                              FORM OF WARRANT POWER
                              ---------------------

         FOR VALUE RECEIVED,  the undersigned does hereby assign and transfer to
________________,  Federal Identification No. __________,  a warrant to purchase
____________  shares of the capital  stock of Enclaves  Group,  Inc., a Delaware
corporation,  represented by warrant certificate no. _____, standing in the name
of the undersigned on the books of said corporation. The undersigned does hereby
irrevocably  constitute  and appoint  ______________,  attorney to transfer  the
warrants of said corporation, with full power of substitution in the premises.

Dated:__________________________________       _________________________________

                                               By:______________________________
                                               Name:____________________________
                                               Title:___________________________

                                      B-1EX-10.1

PURCHASE AND SALE AGREEMENT 

      THIS PURCHASE AND SALE AGREEMENT (this “Agreement”), dated as of November 10, 2005, is made and entered into by and between NEWPORT OIL
CORPORATION, a Florida corporation (“Seller”), and FIRECREEK PETROLEUM, INC., a Delaware corporation (“Purchaser”).  

     A.      Seller owns various oil and gas
    properties, either of record or beneficially; 

     B.      Seller desires to sell to
      Purchaser and Purchaser desires to purchase from Seller the assets, properties
      and rights of Seller hereinafter described, in the manner and upon the
    terms and conditions hereinafter set forth; NOW, THEREFORE, in consideration
    of the premises and of the mutual promises, representations, warranties,
    covenants, conditions and agreements contained herein, and for other valuable
    consideration, the receipt and sufficiency of which is hereby acknowledged,
    the parties hereto, intending to be legally bound by the terms hereof, agree
    as follows: 

  ARTICLE I 

  Purchase and Sale 

      1.1      Purchase and Sale. Subject to the terms and conditions of this Agreement, Seller agrees to sell and convey to Purchaser and Purchaser agrees to
purchase, accept and pay for the Assets (as defined in Section 1.2) .  

     1.2      Assets. As used herein, the term “Assets” means a fifty percent (50%) undivided interest in the following: 

               (a)      The estates and mineral rights
    created by the oil and gas leases (the “Leases”) described in Exhibit “A” attached hereto, insofar and only insofar as the Leases cover
    and relate to the lands described in Exhibit “A” (the “Lands”), and all oil,
    gas, water disposal and other wells (the “Wells”) located on the Lands or on lands pooled therewith, together with all of Seller’s interest in the rights and
    appurtenances incident thereto;

                (b)      All of Seller’s rights in, to and under, and obligations arising from, all agreements relating to the Lands, Leases or Wells, including, but not limited to, joint operating agreements, unitization agreements,
        pooling agreements, farmout agreements, drilling agreements, exploration agreements, oil or gas product purchase and sale contracts, gas processing or transportation agreements, leases, permits, rights-of-way, easements, licenses, options, orders
and decisions of state and federal regulatory authorities establishing units; 

               (c)      All fixtures, personal property
    (including all pits and ponds), facilities and equipment, used or held for
    use or charged to the Lands, Leases, or Wells for the production, treatment,
    sale or disposal of hydrocarbons or water produced therefrom or attributable
  thereto; and

               (d)     All books, files, data and
    records in Seller’s
            possession relating to the Lands, Leases or Wells, or the maintenance
    or operation thereof (the “Records”); reserving, however, the rights with respect to such Records granted to Seller in Section 1.4 hereof.

     1.3      Effective Time. Possession of the Assets shall be transferred from Seller to Purchaser at the Closing, but ownership shall be effective as of 7:00 A.M. (local time where the Assets are located) on
              November 15, 2005, Tampa, Florida time (the “Effective
              Time”). Seller shall be entitled to any production revenues or other amounts realized from and accruing to the
              Assets prior to the Effective Time, and shall be liable for the payment of all expenses attributable to the Assets prior to the Effective Time except expenses attributable to obligations assumed by Purchaser in Section 9.4. Purchaser shall be
              entitled to any production revenues or other amounts realized from and accruing to the Assets and arising subsequent to the Effective Time, and shall be liable for the payment of all expenses attributable to the Assets subsequent to the Effective
      Time and attributable to pre-Effective Time obligations assumed by Purchaser in Section 9.4. 

     1.4      Records. Seller shall deliver a copy of the Records to Purchaser within a reasonable amount of time after Closing,
but Seller shall retain possession of the originals of the Records. 

Page 1 

ARTICLE II 

Purchase Price 

     2.1      Purchase Price. The cash purchase price for the Assets shall be Four Hundred Seventy-Five Thousand Dollars
($475,000.00) (the “Purchase Price”) subject to adjustment as set forth in Section 10.4. 

     2.2      Payment of Purchase Price. The Purchase Price shall be paid at Closing (hereinafter defined), wire transfer of
immediately available funds to an account designated by Seller. 

ARTICLE III 

Title Matters 

     3.1      Seller’s Title. 

               (a)      Concurrently with conveyance of the Assets to Purchaser, Purchaser and Seller will enter into the Operating Agreement described in Section 7.4, which envisions that two wells in Section 16
of Township 21 North, Range 99 West, 6th P.M., will be worked over. Seller’s title to such 640 acre tract containing such two wells is attached as Exhibit “B-1” hereto. The parties accept such title status with the agreement and understanding that subsequent to Closing the parties will engage a local law firm specializing
in oil and gas law in the area of such wells to use reasonable efforts to eliminate the discrepancies described in Exhibit “B-1” and the parties will each pay
one-half of the cost of the legal fees for such clean-up title to the 640 acre tract containing the two wells. 

               (b)      Exhibit “B-2” hereto
states the status of title to a 320 acre tract containing a third well which
 the parties would like workover (referred to as well “UPRR Patented 13-9” in Exhibit “B-2”),
 but which is subject to an overriding royalty interest  convertible to an undivided
 50% working interest at payout, now held by Anadarko Land Corp. (“Anadarko”).
 The parties accept the title status of Exhibit “B-2” with
 the agreement and understanding that subsequent to Closing (i) the parties will
 engage a local law firm specializing in oil and gas law in the area of such
  wells to use reasonable efforts to eliminate the discrepancies described in Exhibit “B-2” and
  the parties will each pay one-half of the cost of the legal fees  for such
  clean-up title to the 320 acre tract containing the such third well, and (ii)
  Seller will approach Anadarko to attempt to obtain a waiver of the conversion
  right held by Anadarko. The parties agree that they will not work-over this
  third  well until they have reached a mutually satisfactory resolution of this
  conversion right. This paragraph will survive Closing until such satisfactory
  resolution has been reached. 

               (c)      No title report has been
run on any of the other land or leases described in Exhibit “A”.
The  parties agree that they will run title on the land containing each new well
to be drilled prior to drilling such new well and their respective obligations
under the Operating Agreement will be subject to their mutual approval of the
status of title  to such land prior to commencing drilling operations on each
such new well. As to acceptance of title reports to be obtained after Closing,
the parties agree that title as shown by such reports will be deemed acceptable
to the parties if such title  is “Defensible Title” as defined in Section
3.2. 

               (d)      The conveyance to be delivered
by Seller to Purchaser shall be substantially in the form of Exhibit “C” hereto and shall be without warranty of title, other than a special
warranty by, through and under Seller. As reasonably requested by Purchaser,
Seller also agrees to execute and deliver at and after Closing such other assignments,
 bills of sale and other documents which are appropriate to transfer the Assets
to Purchaser. 

     3.2      Definition of Defensible Title. As used in this Agreement, the term “Defensible Title” shall mean:

                (a)      As to each Lease, that title
    of Seller to each Lease:

	          	
                 (1)      is
          deducible of record from the county records in which the Assets are
          located, and is free from reasonable doubt to the end that a prudent
          person engaged in the business of the ownership, development and operation
          of producing oil and gas properties, with knowledge of all the facts
          and their legal bearing, would be willing to accept the same; and

                (ii)               is
          free and clear (except for Permitted Encumbrances as defined in Section
          3.3 below) of all liens, encumbrances, obligations or defects which
          are of record prior to Closing and is not subject to any matters which
          will result in a breach of any representation or warranty of Seller
          herein affecting title pursuant to Article V hereof. 

    

               (b)      As to Assets other
    than Leases, that Seller’s title thereto grants to Seller, and will
    grant to Purchaser at Closing, benefits and burdens of ownership therein
    to the following extent: (i) with respect to personal property, facilities
    and equipment located on the Land and Leases, such title is free and clear
of all liens, 

Page 2 

encumbrances and defects arising by, through or under Seller, except for Permitted Encumbrances, and (ii) with respect to all other personal property, facilities and equipment included in the Assets, such title represents
and includes all of Seller’s right, title and interest therein. 

     3.3      Definition
of Permitted Encumbrances. As used herein,
the term “Permitted Encumbrances” means: 

               (a)       Lessors’ royalties, overriding royalties, reversionary interests and similar
burdens of record;

                (b)      Division orders and sales contracts;

                (c)      Preferential
      rights to purchase and required third-party consents and similar agreements
      with respect to which waivers or consents are obtained from the appropriate
      parties or the appropriate time period for asserting the right has expired
without an exercise of the rights; 

               (d)      Liens for taxes or assessments not
        yet delinquent or, if delinquent, that are being contested in good faith
  in the normal course of business;

                (e)      Materialmen’s, mechanic’s, repairman’s, employee’s,
          contractor’s, operator’s and other similar liens or charges arising
          in the ordinary course  of business to the extent (i) they have not been filed
          pursuant to law, or (ii) if they have been filed pursuant to law, they have not
          yet become due and payable or payment is being withheld as provided by law, or
(iii) their validity is being  contested in good faith by appropriate action;

                (f)      All rights to consent by, required notices
    to, filings with, or other actions by governmental entities in connection
    with the sale or conveyance of oil and gas leases or interests therein if
    they are customarily obtained subsequent to the sale or conveyance;

                (g)      Conventional
      rights of reassignment requiring ninety (90) days or less notice to the
    holders of the rights; 

               (h)      Easements, rights-of-way, servitudes, permits,
      surface leases and other rights in respect of surface operations; (i) All
      other liens, charges, encumbrances, contracts, agreements, instruments,
    obligations, defects and irregularities affecting the Leases which taken
    individually or together:

                (i)      do not interfere materially with the operation,
      value or use of any of the Assets, (ii) do not materially prevent Purchaser
      from receiving the proceeds of production from any of the Wells or Leases,
      (iii) do not adversely affect the interest of Seller with respect to all
      oil and gas produced from any Lease or Well, or (iv) do not increase the
      portion of the costs and expenses relating to any Lease or Well that Seller
    is obligated to pay above that which it is currently paying;

                (j)      All rights
        reserved to or vested in any governmental, statutory or public authority
        to control or regulate any of the Leases or Wells in any manner, and
    all applicable laws, rules and orders of governmental authority;

                (k)      Any
      encumbrance on or affecting the Assets which is assumed, bonded or paid
    by Purchaser at or prior to Closing or which is discharged at or prior to
    Closing; 

               (l)      The terms and conditions of existing contracts
    comprising a part of the Assets, including but not limited to, any and all
    production   imbalances. 

ARTICLE IV 

Pre-Closing and Closing Actions 

     4.1     Time
and Place of Closing. Consummation of the
purchase and sale transaction as contemplated by this Agreement (the
“Closing”),
shall, unless otherwise agreed to in writing by Purchaser and Seller, take place
at the offices of Purchaser at 10:00 a.m., Fort Worth, Texas time, on  November
11, 2005 (the “Closing Date”).

     4.2     Access to Records.
  Prior to the Closing Date,  Seller has given Purchaser and its representatives
  access to, and the right to copy, at Purchaser’s expense, the Records in
  Seller’s possession directly relating to the Assets, but only to the extent
  that Seller could do so without  violating any confidentiality or contractual
  obligation to a third party and to the extent that Seller has authority to grant
  such access. 

Page 3 

     4.3      Government
Reviews. Seller and Purchaser shall in a
timely manner (a) make all required filings, if any, with and  prepare applications
to and conduct negotiations with, each governmental agency as to which such filings,
applications or negotiations are necessary or appropriate in the consummation
of the transactions contemplated hereby, and (b) provide such  information as
each may reasonably request to make such filings, prepare such applications and
conduct such negotiations. Each party shall cooperate with and use all reasonable
efforts to assist the other with respect to such filings, applications  and negotiations. 

     4.4      Independent
Investigation and Disclaimer. Prior to the
execution of this Agreement, Purchaser has been afforded the  opportunity to
inspect the Assets and to examine the records of Seller at Seller’s offices
with respect to the Assets, and has been afforded access to all information in
Seller’s possession with respect to the Assets. PURCHASER
ACKNOWLEDGES THAT SELLER HAS MADE NO, AND SELLER HEREBY EXPRESSLY DISCLAIMS ANY,
REPRESENTATIONS OR WARRANTIES AS TO THE ACCURACY OR COMPLETENESS OF SUCH INFORMATION
OR AS TO ANY OTHER INFORMATION, DATA OR OTHER MATERIALS (WRITTEN OR ORAL) FURNISHED
 TO PURCHASER BY OR ON BEHALF OF SELLER (INCLUDING, WITHOUT LIMITATION, THE EXISTENCE
OR EXTENT OF OIL, GAS OR OTHER MINERAL RESERVES, THE RECOVERABILITY OF OR THE
COST OF RECOVERING ANY SUCH RESERVES, THE VALUE OF SUCH RESERVES, ANY PRODUCTION
 PRICING ASSUMPTION, PRESENT OR PAST PRODUCTION RATES, COMPLIANCE WITH LEASE
TERMS, THE CONDITION OF ANY WELL, AND THE ABILITY TO SELL OIL OR GAS PRODUCTION
AFTER CLOSING). 

     4.5      Existing
Condition. The Assets have been utilized
for, among other things, the purpose of exploration, development  and production
of oil and gas. Purchaser acknowledges that wastes, including, but not limited
to, crude oil, natural gas, natural gas liquids, produced water, and other wastes
associated with oil and gas production and exploration operations, may  have
been spilled, released or disposed of on-site by, among other ways, placement
in pits, burial, land farming, land spreading and underground injection, into
or onto the Assets. In addition, Purchaser acknowledges that some oil field production
 equipment may contain asbestos and/or naturally-occurring radioactive material.
By executing this Agreement, Purchaser agrees to accept responsibility and liability
for the condition of the Assets and agrees that any conveyance of the Assets
will be  on an “AS IS” and “WHERE IS” basis. 

     4.6      Pre-Closing Action. Seller and Purchaser shall use all reasonable efforts to cause all of the conditions precedent
to the consummation of the transactions contemplated by this Agreement applicable to each of them to be met as promptly as possible and to take all such other actions as may be reasonably necessary to effect the consummation of the transactions
contemplated by this Agreement. 

     4.7      Letters-in-Lieu, Assignments and Notices. 

               (a)      Seller shall deliver as soon as reasonably possible after Closing fully executed Letters in Lieu of Division and Transfer Orders relating to the Assets on forms prepared by Purchaser and
reasonably satisfactory to Seller to reflect the transactions contemplated hereby. 

               (b)      To the extent that Purchaser determines after Closing that any other assignments should have been executed at Closing to properly and fully convey the Assets to Purchaser (in addition to
the assignment attached as Exhibit “C” hereto, and “state-approved” assignment forms to be filed with the State of Wyoming, all of which will be
executed at Closing), Purchaser shall prepare and deliver the same to Seller for execution. Seller agrees to execute and permit Purchaser to record and/or file such assignments if the same are reasonably necessary to evidence conveyance of the
Assets in accordance with the laws of the State of Wyoming and, in the case of assignments recorded in county records, the same are substantially in the form of Exhibit “C”.

                (c)      Purchaser shall prepare and Seller and Purchaser shall execute
    on or as soon as reasonably practical after Closing any assignments necessary
    to convey to Purchaser any applicable federal, state or Indian leases in
    the form or forms prescribed by the applicable governmental body. 

     4.8      Public Announcements. Each party hereto shall consult with the other party hereto prior to any public announcement
by such party regarding the existence of this Agreement, the contents hereof or the transactions contemplated hereby; provided, however, the foregoing shall not restrict disclosures by Purchaser or Seller in compliance with applicable securities or
other laws or in compliance with existing loan or other agreements binding such party (or its affiliated companies), in such party’s discretion. 

     4.9      Information Confidential. Purchaser and Seller shall hold in strict confidence all aspects of the transactions
contemplated by this Agreement and all information and data concerning the Assets and obtained in 

Page 4 

connection with the transactions contemplated by this Agreement (other than information and data that becomes generally available to the public other than through disclosure by a party hereto or its partners, officers,
employees or representatives) and without the prior written consent of the other party hereto neither Purchaser nor Seller shall disclose any such information to anyone other than to its officers, employees and representatives; provided, however,
the foregoing shall not restrict disclosures by Purchaser nor Seller in compliance with applicable securities or other laws in such party’s discretion or in compliance with existing loan or other agreements binding such party (or its affiliated
companies). The aforesaid obligation shall terminate on the earlier to occur of (a) the Closing Date, or (b) as the information and data in question become generally available to the public other than through the breach by either party or its
partners, officers, employees or representatives of said obligation. Seller agrees that after the Closing it will hold in strict confidence and not disclose to anyone other than its representatives any information and data concerning the Assets
provided to Purchaser in connection with the transactions contemplated by this Agreement, unless such information and data have become generally available to the public other than through disclosure by Seller or its partners, officers, employees or
representatives. If this Agreement is terminated for any reason, Purchaser shall, at Seller’s request, promptly return to Seller all information and data furnished or made available by Seller to Purchaser and obtained by Purchaser in the course
of its investigation of the Assets and Purchaser agrees not to retain copies of any such information or data in such event, to keep all such information and data confidential, and not to disclose any such information or data to any third party
without obtaining the prior written consent of Seller to such disclosure unless such information and data have become generally available to the public other than through disclosure by Purchaser or its officers, employees or representatives or
unless otherwise required under applicable securities or other laws or by existing loan or other agreements binding such party (or its affiliated companies). 

     4.10     Indemnity
Regarding Access. Purchaser agrees to indemnify,
defend and hold harmless Seller, its directors,  officers, employees, agents
and representatives from and against any and all claims, liabilities, losses,
costs and expenses (including, without limitation, court costs, expenses of litigation
and reasonable attorneys’ fees) in connection with
personal injuries, including death or property damage arising out of or relating
to the access of Purchaser, its officers, employees, and representatives to the
Assets and to the records and other related information as permitted under this
 Agreement. 

     4.11     Operation
of Business. From the date hereof until
the Closing Date, Seller (a) shall obtain the prior written  consent of Purchaser,
which consent shall not be unreasonably withheld, with respect to material decisions
to be made with respect to the Assets, including any drilling, completion, reworking
or similar operations or decisions, and any termination,  modification, entering
into or extension of any material agreements affecting the Assets, (b) shall
act with respect to the Assets in good faith and in accordance with its best
business judgment as if the Assets were not being sold to Purchaser  hereunder,
(c) shall maintain insurance coverage on the Assets in the amounts and of the
types presently in force, (d) shall, to the best of its ability, maintain in
full force and effect all Leases, (e) shall maintain all material governmental
 permits and approvals affecting the Assets, and (f) shall not transfer, sell,
hypothecate, encumber or otherwise dispose of any of the Assets (other than sale
of oil and gas production in the ordinary course of its business or pursuant
to agreements  existing as of the date of this Agreement). 

ARTICLE V 

Representations and Warranties of Seller 

     5.1      Disclaimers. Except as specifically set forth in this Article V, Seller makes no warranties or representations,
express or implied, in connection with the Assets, and expressly disclaims any warranties or representations with regard to any information or data disclosed or provided by them, their agents, representatives, employees or advisors to Purchaser or
Purchaser’s agents, representatives, employees, or advisors. Subject to this Section 5.1 and to the Permitted Encumbrances, Seller makes the warranties and representations set forth in Sections 5.2 through 5.7. SELLER EXPRESSLY DISCLAIMS ANY
WARRANTY AS TO THE CONDITION OF ANY PERSONAL PROPERTY, FIXTURES AND ITEMS OF MOVABLE PROPERTY COMPRISING ANY PART OF THE ASSETS INCLUDING (a) ANY IMPLIED OR EXPRESS WARRANTY OF MERCHANTABILITY, (b) ANY IMPLIED OR EXPRESS WARRANTY OF FITNESS FOR A
PARTICULAR PURPOSE, (c) ANY IMPLIED OR EXPRESS WARRANTY OF CONFORMITY TO MODELS OR SAMPLES OF MATERIALS, (d) ANY RIGHTS OF PURCHASER UNDER APPLICABLE STATUTES TO CLAIM DIMINUTION OF CONSIDERATION, AND (e) ANY CLAIM BY PURCHASER FOR DAMAGES BECAUSE
OF DEFECTS, WHETHER KNOWN OR UNKNOWN, IT BEING EXPRESSLY UNDERSTOOD BY PURCHASER THAT THE PERSONAL PROPERTY, FIXTURES AND ITEMS ARE BEING CONVEYED TO PURCHASER AS IS, WHERE IS, WITH ALL FAULTS, AND IN THEIR PRESENT CONDITION AND STATE OF REPAIR AND

Page 5 

THAT PURCHASER HAS MADE OR CAUSED TO BE MADE SUCH INSPECTIONS AS PURCHASER DEEMS APPROPRIATE. 

     5.2      Existence. Seller is a corporation duly organized, validly existing and in good standing under the laws of the State
of Florida and is duly qualified to do business as a foreign corporation in the state(s) where the Assets are located, except where the failure to so qualify would not have a material adverse effect on Seller or its properties. 

     5.3      Power. Seller has the corporate power to enter into and perform this Agreement and the transactions contemplated by
this Agreement. Subject to preferential purchase rights and restrictions on assignment of the type generally found in the oil and gas industry, and to rights to consent by, required notices to, and filings with or other actions by governmental
entities where the same are customarily obtained subsequent to the assignment of oil and gas interests, the execution, delivery and performance of this Agreement by Seller, and the transactions contemplated by this Agreement, will not violate (a)
any provision of the certificate of incorporation or bylaws of Seller, (b) any material agreement or instrument to which Seller is a party or by which Seller or any of the Assets are bound, (c) any judgment, order, ruling, or decree applicable to
Seller as a party in interest, or (d) any law, rule or regulation applicable to Seller relating to the Assets other than a violation which would not have a material adverse effect on Seller or the Assets. 

     5.4      Authorization and Enforceability. The execution, delivery and performance of this Agreement, and the transaction
contemplated hereby, have been duly and validly authorized by all necessary action on the part of Seller. This Agreement constitutes the valid and binding obligation of Seller, enforceable in accordance with its terms except as such enforceability
may be limited by applicable bankruptcy or other similar laws affecting the rights and remedies of creditors generally as well as to general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or
at law). 

     5.5      Claims and Litigation. To the actual knowledge of Seller, there are no claims, actions, suits or proceedings pending
or threatened against Seller which, if determined adversely to Seller, would have a material adverse effect on the Assets. 

     5.6      Taxes and Assessments. To the actual knowledge of Seller, all material ad valorem, production, severance, excise,
and similar taxes and assessments based upon or measured by the ownership of or the production of hydrocarbons from the Assets which have become due and payable have been properly paid or are being challenged in good faith by Seller, all applicable
tax returns have been filed, and Seller knows of no claim by any applicable taxing authority against Seller in connection with the payment of such taxes. 

ARTICLE VI 

Representations and Warranties of Purchaser 

 Purchaser represents and warrants to Seller the following: 

     6.1      Existence. Purchaser is a corporation duly organized, validly existing and in good standing under the laws of the
State of Delaware. Purchaser will as of Closing be duly qualified to do business as a foreign corporation in the state(s) where the Assets are located, except where the failure to so qualify would not have a material adverse effect on Purchaser or
its properties. 

     6.2      Power. Purchaser has the corporate power to enter into and perform this Agreement and the transactions contemplated
by this Agreement. Subject to preferential purchase rights and restrictions on assignment of the type generally found in the oil and gas industry, and to rights to consent by, required notices to, and filings with or other actions by governmental
entities where the same are customarily obtained subsequent to the assignment of oil and gas interests, the execution, delivery and performance of this Agreement by Purchaser, and the transactions contemplated by this Agreement, will not violate (a)
any provision of the certificate of incorporation or bylaws of Purchaser, (b) any material agreement or instrument to which Purchaser is a party or by which Purchaser or any of the Assets are bound, (c) any judgment, order, ruling, or decree
applicable to Purchaser as a party in interest, or (d) any law, rule or regulation applicable to Purchaser relating to the Assets other than a violation which would not have a material adverse effect on Purchaser. 

     6.3      Authorization and Enforceability. The execution, delivery and performance of this Agreement, and the transaction
contemplated hereby, have been duly and validly authorized by all necessary action on the part of Purchaser. This Agreement constitutes the valid and binding obligation of Purchaser, enforceable in accordance with its terms except as such
enforceability may be limited by applicable bankruptcy or other similar laws affecting the 

Page 6 

rights and remedies of creditors generally as well as to general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law). 

     6.4      Distribution. Purchaser is an experienced and knowledgeable investor in the oil, gas and mineral resources industry
that has previously expended substantial amounts in the acquisition and development of oil and gas properties. Prior to entering into this Agreement, Purchaser has been advised by its counsel and such other persons as it has deemed appropriate
concerning this Agreement. The Assets to be acquired by Purchaser pursuant to this Agreement are being acquired by Purchaser for its own account, for investment and not with a view to distribution or resale within the meaning of the Securities Act
of 1933, as amended, or any other applicable securities law, rule, regulation or order. 

     6.5      Claims and Litigation. There is no suit, action, claim, investigation or inquiry by any person or entity or by any
administrative agency or governmental body and no legal, administrative or arbitration proceeding pending or, to Purchaser’s best knowledge, threatened against Purchaser or any affiliate of Purchaser which has or will materially affect
Purchaser’s ability to consummate the transactions contemplated by this Agreement. 

ARTICLE VII 

Conditions to Closing 

     7.1      Conditions to Closing. The obligations of each party to consummate the transaction contemplated by this Agreement
are subject, at the option of such party, to the satisfaction on or prior to Closing of each of the following conditions: 

               (a)      Representations. The representations and
  warranties of the other party set forth in this Agreement herein shall be true and correct in all material respects as of the date of this Agreement and as of the Closing Date. 

               (b)      Performance. The other party shall have performed all obligations, covenants and agreements hereunder and shall have
complied with all covenants and conditions applicable to it contained in this Agreement prior to or on the Closing Date. 

               (c)      Pending Matters. No suit, action or other proceeding by a third party or a governmental authority shall be pending
or threatened which seeks to restrain, enjoin or otherwise prohibit, the consummation of the transactions contemplated by this Agreement. 

     7.2      Obligations of Seller at Closing. At the Closing, upon the terms and subject to the conditions of this Agreement,
Seller shall execute and deliver or cause to be executed and delivered to Purchaser, among other things, the following:

                (a)      Conveyances of the Assets,
in sufficient counterparts to allow recording;

                (b)      Copies of assignments,
      on appropriate forms, of state, federal and Indian leases comprising portions
of the Assets; 

               (c)      Letters-in-lieu of transfer
orders covering the Assets;

                (d)      Change of Operator forms for
those Assets operated by Seller; and 

               (e)      The Operating Agreement described
  in Section 7.4 hereof. 

     7.3      Obligations of Purchaser at Closing. At the Closing, upon the terms and subject to the conditions of this Agreement, Purchaser shall execute and deliver or
          cause to be executed and delivered to Seller, as applicable, among other things, the following: (a) A wire transfer of the Purchase Price, as required hereunder; and (b) The Operating Agreement described in Section 7.4 hereof. 7.4 Operating Agreement. As of the Effective Time, Seller and Purchaser shall each own 50% of the properties and rights described in Section 1.2(a), (b), (c) and (d). Seller and Purchaser agree to
          execute at Closing an operating agreement (“Operating Agreement”) in a form to be mutually prepared and agreed to by the parties prior to Closing. Seller and Purchaser agree that at Closing, Seller and Purchaser shall each provide the sum of $614,129.50 (a total of $1,228,259) for workover of
          the two (2) wells located on the 640 acre tract described in Exhibit “B-1”, such workover to be performed in accordance
          with the Operating Agreement. The AFE for such total workover amount is attached hereto as Exhibit “D”.
Purchaser agrees to wire transfer to Seller at Closing the 

Page 7 

Purchase Price of $475,000 together with Purchaser’s share of the workover cost of the two (2) wells on the 640 acre tract (being one-half
of $1,228,259 or $614,129.50), A TOTAL OF $1,089,129.50, to Seller’s bank account, pursuant to the following wire instructions provided by Seller: 

ARTICLE VIII 

Termination and Amendment 

     8.1      Termination. This Agreement may be terminated at any time prior to the Closing Date: (a) by the mutual prior written
consent of Seller and Purchaser, (b) by Purchaser or Seller if the provisions of Section 7.1 give it the right to terminate, (c) at the option of the non-breaching party if the other party is in material default of its obligations under this
Agreement, or (d) by Seller or Purchaser if Closing has not occurred within thirty (30) days after the Closing Date stated herein. Any party shall exercise a right of termination provided above by written notice to the other party. 

     8.2      Effect of Termination. If this Agreement is terminated pursuant to Section 8.1, this Agreement shall become void and
of no further force or effect (except for the provisions of Section 4.8 and 4.9 which shall continue in full force and effect. Notwithstanding anything to the contrary contained in this Agreement, upon any termination of this Agreement pursuant to
Section 8.1, Seller shall be free immediately to enjoy all rights of ownership of the Assets and to sell, transfer, encumber or otherwise dispose of the Assets to any party without any restriction under this Agreement. 

ARTICLE IX 

Post-Closing Obligations 

     9.1      Suspended Funds. With respect to Leases, at the Closing, Seller shall provide to Purchaser a listing showing net
proceeds from production attributable to the Leases which are currently held in suspense because of lack of identity or address of owners, change of ownership or similar reasons, and shall transfer to Purchaser 50% of all such suspended proceeds. In
addition, Seller shall furnish Purchaser with all documents providing historical information with respect to such funds that are in Seller’s possession. Purchaser shall be responsible for proper distribution of all such suspended proceeds which
are transferred to Purchaser to the parties lawfully entitled to them, and indemnify and hold Seller harmless against any claim, action or liability (including court costs and attorneys’ fees) associated with such distribution and with claims
against such suspended proceeds. 

     9.2      Receipts and Credits. All monies, proceeds, receipts, credits and income attributable to the Assets for all periods
of time subsequent to the Effective Time shall be the sole property and entitlement of Purchaser, and, to the extent received by Seller, Seller shall fully disclose, account for and transmit the same promptly to Purchaser. All monies, proceeds,
receipts and income attributable to the Assets, except as otherwise provided in this Agreement, for all periods of time prior to the Effective Time, shall be the sole property and entitlement of Seller and, to the extent received by Purchaser,
Purchaser shall fully disclose, account for and transmit the same promptly to Seller. Except as otherwise provided in this Agreement, all costs, expenses, disbursements, obligations and 

Page 8 

liabilities attributable to the Assets for periods of time prior to the Effective Time, regardless of when due or payable, shall be the sole obligation of Seller and Seller shall promptly pay, or if paid by Purchaser,
promptly reimburse Purchaser for and hold Purchaser harmless from and against same. All costs, expenses, disbursements, obligations, and liabilities attributable to the Assets for periods of time subsequent to the Effective Time, regardless of when
due or payable, shall be the sole obligation of the Purchaser and Purchaser shall promptly pay, or if paid by Seller, promptly reimburse Seller for and hold Seller harmless from and against same. Seller shall be entitled to a credit for and
reimbursement in an amount equal to any amount received by Purchaser after Closing for any delivery or performance by Seller prior to the Effective Time. 

     9.3      Cross Indemnity. If the Closing occurs, (a) Purchaser assumes all obligations that are attributable to the Assets on
or after the Effective Time including, but not limited to, Purchaser’s 50% share of any obligation for make-up gas according to the terms and conditions of the applicable gas contracts, Purchaser’s 50% share of obligations to plug and
abandon wells now or thereafter located on the Leases (regardless of whether any such obligation is attributable to periods of time prior to or after the Effective Time) and Purchaser’s 50% share of the cost of restoring the surface of the
Leases in accordance with applicable lease or other agreements and governmental (including environmental) laws, orders, and regulations, and Purchaser’s obligation to pay ad valorem and similar production taxes with respect to the Assets as set
forth in Section 10.4, (b) Purchaser agrees to indemnify, defend and hold harmless Seller, its affiliates, officers, directors, agents and representatives from and against any and all claims, liabilities, losses, costs and expenses (including,
without limitation, court costs, expenses of litigation and reasonable attorneys’ fees) that are attributable to the Assets on or after the Effective Time, and (c)
Seller agrees to indemnify, defend and hold harmless Purchaser from and against any and all claims, liabilities, losses, costs and expenses (including, without limitation, court costs, expenses of litigation and reasonable attorneys’ fees) that
are attributable to the Assets before the Effective Time; provided, however, that such indemnity, defense and hold harmless obligations shall not apply to (i) any liability of one party to the other party under the provisions of this Agreement, and
(ii) either party’s costs and expenses with respect to the negotiation and consummation of this Agreement and the purchase and sale of the Assets. 

     9.4      Recording. As soon as practicable after Closing (a) Purchaser shall record the conveyances in the appropriate
counties or parishes and shall provide Seller with copies of all recorded instruments upon receipt, and (b) Purchaser shall record the federal, state and/or Indian lease assignments with the appropriate governmental agencies, and shall provide
Seller with the originals of the approved instruments upon receipt. 

     9.5      Obligations Under Operating Agreement. The funding obligations stated in Section 7.5 shall survive Closing as
post-closing obligations of the parties until fully satisfied. 

     9.6      Further Assurances. After Closing, Seller and Purchaser agree to take such further actions and to execute,
acknowledge and deliver all such further documents that are necessary or useful in carrying out the purposes of this Agreement or of any document delivered pursuant to this Agreement. 

  ARTICLE X 

  Miscellaneous 

     10.1    Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original
instrument, but all such counterparts together shall constitute but one agreement. 

     10.2     Notice. All notices which are required or may be given pursuant to this Agreement shall be sufficient in all
respects if given in writing and delivered personally, by telecopy or by registered or certified mail, postage prepaid, as follows: 

	
                 If
to Seller: 
		 	 
	
                 Newport Oil Corporation 
	
	
                 3251 San Bernadino Street 
	
	
                 Suite 333 
	
	
                 Clearwater, Florida 33759 
	
	
                 Attn: 
		
John Bruynell, President 
		 
	
                 Telephone: 
		 (727) 799-0072  
	 
	
                 Facsimile: 
		 (727) 799-0073  
	 

Page 9 

	
                 If
to Purchaser: 
	
	
                 Firecreek Petroleum, Inc. 
	
	
                 6777 Camp Bowie Blvd., Suite 215 
	
	
                 Fort Worth, Texas 76116 
	
	
                 Attn: 
		 John R. Taylor, President  	 
	
                 Telephone: 
		 (817) 377-1116  	 
	
                 Facsimile: 
		 (817) 377-2411  	 

All notices shall be deemed to have been duly given at the time of receipt by the party to which such notice is addressed. 

     10.3     Sales
Tax, Recording Fees and Similar Costs. Purchaser
shall bear any tax, recording fees and similar costs  incurred and imposed upon,
or with respect to, the property transfers contemplated hereby. 

     10.4     Ad Valorem Taxes. All unpaid ad valorem and similar taxes that are payable with respect to the Assets for all
periods ending on or prior to the Effective Time shall be as estimated by the parties and shall be an adjustment to the Purchase Price, and Purchaser shall pay all such taxes payable for all periods ending after the Effective Time; provided,
however, that in the case of tax periods that included but did not end on the Effective Time, taxes shall be prorated to the Effective Time. 

     10.5     Expenses. All expenses incurred by Seller in connection with or related to the authorization, preparation or
execution of this Agreement, the Conveyance and the Exhibits and Schedules hereto and thereto, and all other matters related to the Closing, including without limitation, all fees and expenses of counsel, accountants and financial advisers employed
by Seller, shall be borne solely and entirely by Seller; and all such expenses incurred by Purchaser shall be borne solely and entirely by Purchaser. 

     10.6     Governing Law. This Agreement and the
legal relations between the parties shall be governed by and construed in accordance with the laws of the State of Wyoming without regard to principles of conflicts of laws otherwise applicable to such determinations except that the conveyance and
all matters related to the transfer of the Assets shall be governed by the laws of the state in which such Assets are located. In the event any dispute arises with respect to this Agreement, the parties hereby consent to jurisdiction and litigation
of such disputes in the State of Wyoming. 

     10.7     Captions. The captions in this Agreement are for convenience only and shall not be considered a part of or affect
the construction or interpretation of any provision of this Agreement. 

     10.8     Waivers. Any failure by any party or parties to comply with any of its or their obligations, agreements or
conditions herein contained may be waived in writing, but not in any other manner, by the party or parties to whom such compliance is owed. No waiver of, or consent to a change in, any of the provisions of this Agreement shall be deemed or shall
constitute a waiver of, or consent to a change in, other provisions hereof (whether or not similar) nor shall such waiver constitute a continuing waiver unless otherwise expressly provided. 

     10.9     Assignment. No party shall assign all or any part of this Agreement, nor shall any party assign or delegate any of
its rights or duties hereunder, without the prior written consent of the other party and any assignment made without such consent shall be void except as otherwise provided in this Section. This Agreement shall be binding upon and inure to the
benefit of the parties hereto and their respective successors and assigns. 

     10.10   Entire Agreement. This Agreement and the documents to be executed hereunder and the Exhibits and Schedules
attached hereto constitute the entire agreement between the parties pertaining to the subject matter hereof, and supersede all prior agreements, understandings, negotiations and discussions, whether oral or written, of the parties pertaining to the
subject matter hereof. 

     10.11   Survival The representations and warranties of Seller and Purchaser set forth in this Agreement shall survive the
Closing and shall only be applicable for one hundred eighty (180) days thereafter. 

     10.12   Amendment. No amendment, supplement, modification, waiver or termination of this Agreement shall be binding unless
executed in writing by the party to be bound thereby. 

     10.13   Exhibits and Schedules. All Exhibits attached to or referred to in this Agreement are incorporated into and made a
part of this Agreement. 

Page 10 

      IN WITNESS WHEREOF, this Agreement has been signed by the parties hereto as of the date above written. 

	 	
SELLER: 
	
	 	 
	 	
NEWPORT OIL CORPORATION 
	
	 	 
	 	 
	 	
By: _____________________________
	 	
                    John Bruynell, President 
	
	 	 
	 	 
	 	
PURCHASER: 
	
	 	 
	 	
FIRECREEK PETROLEUM, INC. 
	
	 	 
	 	 
	 	 By: _____________________________
	 	
                    John R. Taylor, President 
	

Page 11 

EXHIBIT “C” 

AGREEMENT, ASSIGNMENT AND BILL OF SALE 

      NEWPORT OIL CORPORATION, a Florida corporation sometimes known as and being the same corporation as Newport Oil, Inc. (“Assignor”) , whose address is 3251 San Bernadino Street, Suite 333, Clearwater, Florida
33759, for the payment of Ten and no/l00 Dollars ($10.00) and other valuable consideration, the receipt and sufficiency of which are hereby acknowledged and subject to the terms and conditions hereof, hereby grants, sells, assigns, and conveys
to FIRECREEK PETROLEUM, INC., a Delaware corporation (“Assignee’), whose address is 6777 Camp Bowie Blvd., Suite 215, Fort Worth, Texas 76116, a fifty percent (50%) undivided interest in and to the following: 

	     	
(a)	
      The estates and mineral
          rights created by the oil and gas leases (the “Leases”) described on Exhibit “A” attached
  hereto, insofar and only insofar as the Leases cover and relate to the lands
  described on  Exhibit “A” (the “Lands’), subject to any
  royalties, overriding royalties, production payments or other similar interests
  burdening the Leases;

	 
	 	
(b)     	
      All oil, gas, water disposal
          and other wells (whether producing or non-producing) (the “Wells’) located on the lands or on
  lands pooled therewith, together with all of Assignor’s interest in the
  rights and  appurtenances incident thereto, including, but not limited to, all
  of Assignor’s interest in fixtures, personal property (including pits
  and ponds), facilities and equipment, used or held for use or charged to the
  Leases, Lands or Wells for the production, treatment, sale, or disposal of
  hydrocarbons or water produced therefrom or attributable thereto;

	 
	 	
(c)	
      The oil, natural gas liquids
          or condensate inventory, including “line fill” and inventory
          below the pipeline connection in tanks as of 7:00 a.m., Tampa, Florida
    time, as of the effective date of this Agreement; and

	 
	 	
(d)	
      All of Assignor’s rights
          in, to and under, and obligations arising from, all agreements relating
          to the Leases, Lands or Wells, including, but not limited to, joint
          operating agreements, unitization agreements, pooling agreements, farmout
          agreements, drilling agreements, exploration agreements, oil or gas
          product purchase and sale contracts, gas processing or transportation
  agreements, leases, permits, rights-of-way, easements, licenses, options, orders
  and  decisions of State and Federal regulatory authorities establishing units.

      Assignor will, at any time and from time to time after the date hereof, upon Assignee’s request, execute, acknowledge and deliver or cause to be executed and delivered, all further documents or instruments necessary
to effect the transaction embodied in this Agreement, Assignment and Bill of Sale. 

      Assignor makes no representation or warranty of title to the interests assigned hereby other than claims arising from ownership by, through or under Assignor but not otherwise. With respect to the Wells, personal property,
and equipment assigned hereby, this Agreement, Assignment and Bill of Sale is made without representation or warranty of title expressed or implied, and all such equipment, Wells and personal property are sold AS
IS AND WHERE IS. WITH ALL FAULTS. AND IN THEIR PRESENT CONDITION AND STATE OF REPAIR WITHOUT WARRANTY OF MERCHANTABILITY. CONDITION OF FITNESS FOR PARTICULAR PURPOSE. AND ANY AND ALL WARRANTIES. WHETHER EXPRESSED OR IMPLIED. ARE HEREBY EXPRESSLY DENTED. This conveyance is made with full substitution and subrogation of Assignee, its successors and assigns, to the rights of Assignor under, in and to all warranties made by others with respect to the rights, titles and interests being
conveyed hereunder. 

      To have and to hold the same unto Assignee, its successors and assigns forever. 

      Assignee, in consideration of the mutual benefits to be derived hereunder, by its acceptance hereof, understands and agrees that, to the extent any Lease(s) covered by this Agreement, Assignment and Bill of Sale is subject
to a commitment to sell any production to a purchaser under a gas purchase agreement that includes gas categorized as Section 104 or Section 106 gas under the Natural Gas Policy Act, if either party desires to conduct the Good Faith Negotiation
Procedure (“GFN”) set forth in Section 270.201 of the Federal Energy Regulatory Commission’s regulations as to any Lease(s) which it has been assigned hereunder, or which it retains after this Agreement, Assignment and Bill of Sale,
and is unable to do so without the cooperation of the other party, the other party agrees to enter into good faith discussions concerning measures necessary to enable the first party to conduct the GFN. 

      Either party’s failure to observe the foregoing covenant and limitation shall constitute a material breach of this Agreement, Assignment and Bill of Sale. All subsequent conveyances or assignments of the assigned
interest, in whole or in part, shall incorporate a covenant and limitation identical in substance to the foregoing for Assignee’s and Assignor’s continuing benefit and shall similarly bind Assignee’s successors or assigns and
Assignor’s successors or assigns. 

      This Agreement, Assignment and Bill of Sale is made and delivered subject to that certain Purchase and Sale Agreement between Assignor and Assignee dated as of October 31, 2005. Any undefined, capitalized terms used herein
shall have the meanings ascribed to them in such Purchase and Sale Agreement. 

      EXECUTED to be effective the 15th day of November, 2005. 

	 	
ASSIGNOR: 
	
	 	 
	 	
NEWPORT OIL CORPORATION, 
	
	 	
A Florida corporation 
	
	 	 
	 	 

	
	 	 By: _____________________________
	 	
                    John Bruynell, President 
	
	 	 
	 	 

	
	 	
ASSIGNEE: 
	
	 	 
	 	
FIRECREEK PETROLEUM, INC., 
	
	 	
A Delaware corporation 
	
	 	 
	 	 

	
	 	 By: _____________________________
	 	
                    John R. Taylor, President 
	

ACKNOWLEDGMENTS 

	
STATE OF ________________ 	 
		
§ 
	
	 

		 
		
§ 
	
	
COUNTY OF _________________ 
		 
		
§ 
	

  

          On this ______ day
      of ________________, 2005, before me, the undersigned, a Notary Public
      in and for the county and state aforesaid, personally appeared John Bruynell,
      to me personally known to be the identical person who signed the name of
      Newport Oil Corporation, a Florida corporation, to the within and foregoing
      instrument as its President and acknowledged to me that he executed the
      same as his free and voluntary act and deed, and as the free and voluntary
      act and deed of said corporation, for the uses and purposes therein set
      forth.     

         Given under my hand and seal the day and year
      last above written. 

  

	
           [SEAL] 
      
	 
		 

		 
		 

	
	 

		 	 	 	 _____________________________________________
	 

		 
		 

		 
		
      Notary Public in and for the
          State of _____________________ 
      

	
My Commission Expires: 
		 
		 

		 
		 

	
	________________________				
	 

	
	 

	
	 

	

	 STATE OF ________________ 	  	 §  
	  	  	 §  
	 COUNTY OF _________________  	  	 §  

     On this ______ day
    of ______________, 2005, before me, the undersigned, a Notary Public in and
    for the county and state aforesaid, personally appeared John R. Taylor, to
    me personally known to be the identical person who signed the name of Firecreek
    Petroleum, Inc., a Delaware corporation, to the within and foregoing instrument
    as its President and acknowledged to me that he executed the same as his
    free and voluntary act and deed, and as the free and voluntary act and deed
    of said corporation, for the uses and purposes therein set forth. 

       Given under my hand and seal the day and year
    last above written. 

	
           [SEAL]  
	  	  	  	  
	  	 	 	 	 _____________________________________________
	  	  	  	  	
      Notary Public in and for the
          State of _____________________  

	 My Commission Expires:  	  	  	  	  
	________________________				

    PLEASE RETURN RECORDED INSTRUMENT TO: 

    William E. Merritt 

    Firecreek Petroleum, Inc. 

    6777 Camp Bowie Blvd., Suite 215 

    Fort Worth, Texas 76116

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