Document:

FOURTH
      AMENDED AND RESTATED LOAN AGREEMENT

     

    

    Wachovia
      Bank, National Association

    225
      Water
      Street

    Jacksonville,
      Florida 32202

    

    (Hereinafter
      referred to as the "Bank")

    

    Global
      Axcess Corp.

    7800
      Belfort Parkway, Suite 165

    Jacksonville,
      Florida 32256

    

    Nationwide
      Money Services, Inc.

    7800
      Belfort Parkway, Suite 165

    Jacksonville,
      Florida 32256

    

    EFT
      Integration, Inc.

    7800
      Belfort Parkway, Suite 165

    Jacksonville,
      Florida 32256

    

    (Individually
      and collectively "Borrower")

    

    This
      Fourth Amended and Restated Loan Agreement (“Agreement”) is entered into as of
      September 28, 2007, by and between Bank and Borrower and amends and restates
      in
      its entirety that certain Third Amended and Restated Loan Agreement dated
      October 27, 2005, by and among the Bank, the Borrower and Electronic Payment
      & Transfer Corp., a Nevada corporation, and Axcess Technology Corporation, a
      Nevada corporation (the
      “Additional Borrower(s)”). The Additional Borrowers subsequently discontinued
      operations and have voluntarily dissolved. This Agreement applies to the loan
      or
      loans (individually and collectively, the "Loan") evidenced by (i) that certain
      Consolidated Renewal Promissory Note of even date herewith between Bank and
      Borrower in the original principal sum of $2,350,000.00 and (ii) other
      promissory notes, if an, from tome to time made subject hereto, as such notes
      may be amended, modified or extended from time to time (whether one or more,
      the
      "Note") and all Loan Documents. The terms "Loan Documents" and "Obligations,"
      as
      used in this Agreement, are defined in the Note. 

    

     

    Relying
      upon the covenants, agreements, representations and warranties contained in
      this
      Agreement, Bank is willing to extend credit to Borrower upon the terms and
      subject to the conditions set forth herein, and Bank and Borrower agree as
      follows:

    

    REPRESENTATIONS. Accurate
      Information.
      All
      information now and hereafter furnished to Bank is and will be true, correct
      and
      complete. Any such information relating to Borrower's financial condition will
      accurately reflect Borrower's financial condition as of the date(s) thereof
      (including all contingent liabilities of every type), and Borrower further
      represents that its financial condition has not changed materially or adversely
      since the date(s) of such documents. Authorization;
      Non-Contravention.
      The
      execution, delivery and performance by Borrower, of this Agreement and other
      Loan Documents to which it is a party are within its power, have been duly
      authorized as may be required and, if necessary, by making appropriate filings
      with any governmental agency or unit and are the legal, binding, valid and
      enforceable obligations of Borrower; and do not (i) contravene, or constitute
      (with or without the giving of notice or lapse of time or both) a violation
      of
      any provision of applicable law, a violation of the organizational documents
      of
      Borrower, or a default under any agreement, judgment, injunction, order, decree
      or other instrument binding upon or affecting Borrower, (ii) result in the
      creation or imposition of any lien (other than the lien(s) created by the Loan
      Documents) on any of Borrower's assets, or (iii) give cause for the acceleration
      of any obligations of Borrower to any other creditor. Asset
      Ownership.
      Borrower
      has good and marketable title to all of the properties and assets reflected
      on
      the balance sheets and financial statements supplied Bank by Borrower, and
      all
      such properties and assets are free and clear of mortgages, security deeds,
      pledges, liens, charges, and all other encumbrances, except as otherwise
      disclosed to Bank by Borrower in writing and approved by Bank ("Permitted
      Liens"). To Borrower's knowledge, no default has occurred under any Permitted
      Liens and no claims or interests adverse to Borrower's present rights in its
      properties and assets have arisen. Discharge
      of Liens and Taxes.
      Borrower
      has duly filed, paid and/or discharged all taxes or other claims which may
      become a lien on any of its property or assets, except to the extent that such
      items are being appropriately contested in good faith and an adequate reserve
      for the payment thereof is being maintained. Sufficiency
      of Capital.
      Borrower
      is not, and after consummation of this Agreement and after giving effect to
      all
      indebtedness incurred and liens created by Borrower in connection with the
      Note
      and any other Loan Documents, will not be, insolvent within the meaning of
      11
      U.S.C. § 101(32). Compliance
      with Laws.
      Borrower
      is in compliance in all respects with all federal, state and local laws, rules
      and regulations applicable to its properties, operations, business, and
      finances, including, without limitation, any federal or state laws relating
      to
      liquor (including 18 U.S.C. § 3617, et seq.) or narcotics (including 21 U.S.C. §
801, et seq.) and/or any commercial crimes; all applicable federal, state and
      local laws and regulations intended to protect the environment; and the Employee
      Retirement Income Security Act of 1974, as amended ("ERISA"), if applicable.
      Organization
      and Authority.
      Borrower
      is duly created, validly existing and in good standing under the laws of the
      state of its organization, and has all powers, governmental licenses,
      authorizations, consents and approvals required to operate its business as
      now
      conducted. Borrower is duly qualified, licensed and in good standing in each
      jurisdiction where qualification or licensing is required by the nature of
      its
      business or the character and location of its property, business or customers,
      and in which the failure to so qualify or be licensed, as the case may be,
      in
      the aggregate, could have a material adverse effect on the business, financial
      position, results of operations, properties or prospects of Borrower. 
No
      Litigation.
      There
      are no pending or threatened suits, claims or demands against Borrower that
      have
      not been disclosed to Bank by Borrower in writing, and approved by
      Bank.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    AFFIRMATIVE
      COVENANTS. Borrower
      agrees that from the date hereof and until final payment in full
      of the Obligations, unless Bank shall otherwise consent in writing, Borrower
      will:  Access
      to Books and Records.
      Allow
      Bank, or its agents, during normal business hours, access to the books, records
      and such other documents of Borrower as Bank shall reasonably require, and
      allow
      Bank, at Borrower’s expense, to inspect, audit and examine the same and to make
      extracts therefrom and to make copies thereof. Business
      Continuity.
      Conduct
      its business in substantially the same manner and locations as such business
      is
      now and has previously been conducted. Compliance
      with Other Agreements.
      Comply
      with all terms and conditions contained in this Agreement, and any other Loan
      Documents, and swap agreements, if applicable, as defined in the 11 U.S.C.
§
101, as in effect from time to time. Estoppel
      Certificate.
      Furnish,
      within 15 days after request by Bank, a written statement duly acknowledged
      of
      the amount due under the Loan and whether offsets or defenses exist against
      the
      Obligations. Insurance.
      Maintain adequate insurance coverage with respect to its properties and business
      against loss or damage of the kinds and in the amounts customarily insured
      against by companies of established reputation engaged in the same or similar
      businesses including, without limitation, commercial general liability
      insurance, workers compensation insurance, and business interruption insurance;
      all acquired in such amounts and from such companies as Bank may reasonably
      require.  Maintain
      Properties.
      Maintain, preserve and keep its property in good repair, working order and
      condition, making all replacements, additions and improvements thereto necessary
      for the proper conduct of its business, unless prohibited by the Loan Documents.
      Notice
      of Default and Other Notices.
      (a)
Notice
      of Default.
      Furnish
      to Bank immediately upon becoming aware of the existence of any condition or
      event which constitutes a Default (as defined in the Loan Documents) or any
      event which, upon the giving of notice or lapse of time or both, may become
      a
      Default, written notice specifying the nature and period of existence thereof
      and the action which Borrower is taking or proposes to take with respect
      thereto. (b) Other
      Notices.
      Promptly
      notify Bank in writing of (i) any material adverse change in its financial
      condition or its business; (ii) any default under any material agreement,
      contract or other instrument to which it is a party or by which any of its
      properties are bound, or any acceleration of the maturity of any indebtedness
      owing by Borrower; (iii) any material adverse claim against or affecting
      Borrower or any part of its properties; (iv) the commencement of, and any
      material determination in, any litigation with any third party or any proceeding
      before any governmental agency or unit affecting Borrower; and (v) at least
      30
      days prior thereto, any change in Borrower's name or address as shown above,
      and/or any change in Borrower's structure. Other
      Financial Information.
      Deliver
      promptly such other information regarding the operation, business affairs,
      and
      financial condition of Borrower which Bank may reasonably request. Payment
      of Debts.
      Pay and
      discharge when due, and before subject to penalty or further charge, and
      otherwise satisfy before maturity or delinquency, all obligations, debts, taxes,
      and liabilities of whatever nature or amount, except those which Borrower in
      good faith disputes. Reports
      and Proxies.
      Deliver
      to Bank, promptly, a copy of all financial statements, reports, notices, and
      proxy statements, sent by Borrower to stockholders, and all regular or periodic
      reports required to be filed by Borrower with any governmental agency or
      authority.  

    

    NEGATIVE
      COVENANTS. Borrower
      agrees that from the date hereof
      and
      until final payment in full of the Obligations, unless Bank shall otherwise
      consent in writing, Borrower will not:  Nonpayment;
      Nonperformance.  Fail
      to pay or perform the Obligations or Default (as defined in the Loan Documents)
      under any of the Loan Documents. Cross
      Default.  Default
      in payment or performance of any obligation under any other loans, contracts
      or
      agreements of Borrower, any Subsidiary or Affiliate of Borrower (“Affiliate”
shall have the meaning as defined in 11 U.S.C. § 101, except that the term
“debtor” therein shall be substituted by the term “Borrower” herein, and
“Subsidiary” shall mean any corporation of which more than 50% of the issued and
      outstanding voting stock is owned directly or indirectly by Borrower), any
      general partner of the holder(s) of the majority ownership interests of Borrower
      with Bank or its affiliates. Material
      Capital Structure or Business Alteration.  Materially
      alter the type or kind of Borrower’s business or that of its Subsidiaries or
      Affiliates, if any, or suffer or permit the acquisition of substantially all
      of
      Borrower’s business or assets, or a material portion (10% or more) of such
      business or assets if such a sale is outside Borrower’s ordinary course of
      business, or more than 50% of its outstanding stock or voting power in a single
      transaction or a series of transactions. Prepayment
      of Other Debt.  Retire
      any long-term debt entered into prior to the date of this Agreement at a date
      in
      advance of its legal obligation to do so. Change
      in Fiscal Year.  Change
      its fiscal year without the prior written consent of the Bank. Default
      on Other Contracts or Obligations.
      Default
      on any material contract with or obligation when due to a third party or default
      in the performance of any obligation to a third party incurred for money
      borrowed. Government
      Intervention.
      Permit
      the assertion or making of any seizure, vesting or intervention by or under
      authority of any governmental entity, as a result of which the management of
      Borrower or any guarantor is displaced of its authority in the conduct of its
      respective business or such business is curtailed or materially impaired.
Encumbrances.
      Create,
      assume, or permit to exist any mortgage, security deed, deed of trust, pledge,
      lien, charge or other encumbrance on any of its assets, whether now owned or
      hereafter acquired, other than: (i) security interests required by the Loan
      Documents; (ii) liens for taxes contested in good faith; (iii) liens accruing
      by
      law for employee benefits; (iv) liens granted pursuant to capitalized leases
      entered into in connection with the acquisition of automated teller machines
      (“ATMs”); or (v) Permitted Liens. Limitation
      on Debt. Directly
      or indirectly create, incur, assume or become liable for any
      additional indebtedness, whether contingent or direct, other than
      (i) indebtedness approved by Bank, such approval not to be unreasonably
      withheld, and (ii) obligations of the Borrower not exceeding $5,000,000 in
      aggregate amount outstanding at any time incurred under capitalized leases
      entered into in connection with the acquisition of ATMs. Judgment
      Entered.
      Permit
      the entry of any monetary judgment or the assessment against, the filing of
      any
      tax lien against, or the issuance of any writ of garnishment or attachment
      against any property of or debts due. Retire
      or Repurchase Capital Stock.
      Retire
      or otherwise acquire any of its capital stock.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    ANNUAL
      FINANCIAL STATEMENTS.
      Borrower
      shall deliver to Bank, within 120 days after the close of each fiscal year,
      audited financial statements reflecting its operations during such fiscal year,
      including, without limitation, a balance sheet, profit and loss statement and
      statement of cash flows, with supporting schedules; all on a consolidated and
      consolidating basis with respect to Borrower and its subsidiaries, affiliates
      and parent or holding company, as applicable, and in reasonable detail, prepared
      in conformity with generally accepted accounting principles, applied on a basis
      consistent with that of the preceding year. All such statements shall be
      examined by an independent certified public accountant acceptable to Bank.
      The
      opinion of such independent certified public accountant shall not be acceptable
      to Bank if qualified due to any limitations in scope imposed by Borrower or
      any
      other person or entity. Any other qualification of the opinion by the accountant
      shall render the acceptability of the financial statements subject to Bank's
      approval. 

    

    PERIODIC
      FINANCIAL STATEMENTS. Borrower
      shall deliver to Bank, within 45 days after the end of each fiscal quarter,
      unaudited management-prepared quarterly financial statements including, without
      limitation, a balance sheet, profit and loss statement and statement of cash
      flows, with supporting schedules; all on a consolidated and consolidating basis
      with respect to Borrower and its subsidiaries, affiliates and parent or holding
      company, as applicable, all in reasonable detail and prepared in conformity
      with
      generally accepted accounting principles, applied on a basis consistent with
      that of the preceding year. Such statements shall be certified as to their
      correctness by a principal financial officer of Borrower and in each case,
      if
      audited statements are required, subject to audit and year-end adjustments,
      and
      shall be accompanied by a
      Compliance Certificate in the form attached as Exhibit A. .

    

    FINANCIAL
      COVENANTS. Debt
      Service Coverage Ratio.
      Borrower
      shall, at all times, maintain a Debt Service Coverage Ratio of not less than
      1.00 to 1.00, on or before December 31, 2007, and of not less than 1.25 to
      1.00
      at all times thereafter, to be calculated quarterly, on a rolling four quarters
      basis. "Debt Service Coverage Ratio" means the ratio of (i) the sum of net
      income (determined in accordance with generally accepted accounting principles)
      plus interest expense on all Funded Debt, plus depreciation and amortization,
      divided by (ii) the aggregate principal maturities and interest expense on
      all
      Funded Debt, all for the preceding four quarters. For the purposes of this
      calculation, "Funded Debt" shall mean, as applied to any person or entity,
      the
      sum of all indebtedness for borrowed money, (including, without limitation,
      capital lease and synthetic lease obligations, subordinated debt (including
      debt
      subordinated to the Bank), and unreimbursed drawings under letters of credit),
      or any other monetary obligation evidenced by a note, bond, debenture or other
      agreement or similar instrument of that person or entity. Senior
      Funded Debt to EBITDA Ratio.
      Borrower
      shall at all times maintain a Senior Funded Debt to EBITDA Ratio of not more
      than 1.50 to 1.00 on or before December 31, 2007, and of not more than 1.25
      to
      1.00 at all times thereafter. This covenant shall be calculated quarterly,
      on a
      rolling four quarters basis. "Senior Funded Debt to EBITDA Ratio" shall mean
      the
      sum of all Senior Funded Debt divided by EBITDA. “EBITDA”
      shall mean, for any period, the sum of net income, plus interest, taxes,
      depreciation and amortization expense, all as determined in accordance with
      generally accepted accounting principles.
      "Senior
      Funded Debt" shall mean, as applied to any person or entity, the sum of all
      indebtedness for borrowed money, including, without limitation, capital lease
      and synthetic lease obligations and unreimbursed drawings under letters of
      credit, or any other monetary obligation evidenced by a note, bond, debenture
      or
      other agreement or similar instrument of that person or entity, excluding any
      debt fully subordinated to Bank on terms and conditions acceptable to Bank.
      Senior
      Liabilities to Effective Tangible Net Worth Ratio.
      Borrower
      shall, at all times, maintain a ratio of Senior Liabilities to Effective
      Tangible Net Worth of not more than 2.75 to 1.00 on or before September 30,
      2007, of not more than 2.50 to 1.00 after September 30, 2007, and on or before
      December 31, 2007, of not more than 2.25 to 1.00 after December 31, 2007, and
      on
      or before June 30, 2008, and of not more than 2.00 to 1.00 at all times
      thereafter. This covenant shall be calculated quarterly. "Senior Liabilities"
      shall mean the sum of Total Liabilities, including capitalized leases and all
      reserves for deferred taxes and other deferred sums appearing on the liabilities
      side of a balance sheet, and all obligations as lessee under off-balance sheet
      synthetic leases, all in accordance with generally accepted accounting
      principles applied on a consistent basis, excluding debt fully subordinated
      to
      Bank on terms and conditions acceptable to Bank. "Effective Tangible Net Worth"
      shall mean total assets minus Senior Liabilities, but in no event shall
      Effective Tangible Net Worth, for purposes of this calculation, be less than
      $1.00. For purposes of this computation, the aggregate amount of any intangible
      assets of Borrower including without limitation, merchant contracts, goodwill,
      franchises, licenses, patents, trademarks, trade names, copyrights, service
      marks, and brand names, shall be subtracted from total assets. "Total
      Liabilities" shall mean all liabilities of Borrower, including capitalized
      leases and all reserves for deferred taxes, debt fully subordinated to Bank
      on
      terms and conditions acceptable to Bank, and other deferred sums appearing
      on
      the liabilities side of a balance sheet, and all obligations as lessee under
      off-balance sheet synthetic leases, of Borrower, all in accordance with
      generally accepted accounting principles applied on a consistent basis.
Deposit
      Relationship.
      The
      Borrower shall maintain its primary depository account with the
      Bank.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    DEFAULT.
      If any
      of the following occurs, a default ("Default") under this Agreement shall exist:
      Nonpayment;
      Nonperformance.
      The
      failure of timely payment or performance of the Obligations or Default under
      this Agreement or any other Loan Document. False
      Warranty.
      A
      warranty or representation made or deemed made in the Loan Documents or
      furnished Bank in connection with the loan evidenced by this Agreement proves
      materially false, or if of a continuing nature, becomes materially false.
Cross
      Default.
      At
      Bank's option, any default in payment or performance of any obligation under
      any
      other loans, contracts or agreements of Borrower, any Subsidiary or Affiliate
      of
      Borrower, any general partner of or the holder(s) of the majority ownership
      interests of Borrower with Bank or its affiliates ("Affiliate" shall have the
      meaning as defined in 11 U.S.C. § 101, as in effect from time to time, except
      that the term "Borrower" shall be substituted for the term "Debtor" therein;
      "Subsidiary" shall mean any business in which Borrower holds, directly or
      indirectly, a controlling interest). Cessation;
      Bankruptcy.
      The
      death of, appointment of a guardian for, dissolution of, termination of
      existence of, loss of good standing status by, appointment of a receiver for,
      assignment for the benefit of creditors of, or commencement of any bankruptcy
      or
      insolvency proceeding by or against Borrower, its Subsidiaries or Affiliates,
      if
      any, or any general partner of or the holder(s) of the majority ownership
      interests of Borrower, or any party to the Loan Documents.
      Material Capital Structure or Business Alteration.
      Without
      prior written consent of Bank, (i) a material alteration in the kind or type
      of
      Borrower's business or that of Borrower's Subsidiaries or Affiliates, if any;
      and (ii) the sale of substantially all of the business or assets of Borrower,
      any of Borrower's Subsidiaries or Affiliates or any guarantor, or a material
      portion (10% or more) of such business or assets if such a sale is outside
      the
      ordinary course of business of Borrower, or any of Borrower's Subsidiaries
      or
      Affiliates or any guarantor, or more than 50% of the outstanding stock or voting
      power of or in any such entity in a single transaction or a series of
      transactions.
      Material Adverse Change. Bank
      determines in good faith, in its sole discretion, that the prospects for payment
      or performance of the Obligations are impaired or there has occurred a material
      adverse change in the business or prospects of Borrower, financial or otherwise.
      Default
      under Master Lease.
      The
      occurrence of a default under that Master Equipment Lease Agreement between
      Borrower and First Union Commercial Corporation or its nominee dated August
      4,
      2004, as amended or modified from time to time. Material
      Contracts.
      The
termination
      of the Borrower’s contract with STAR Network.

    

    REMEDIES
      UPON DEFAULT.
      If a
      Default occurs under this Agreement or any other Loan Document, Bank may, at
      any
      time thereafter, take the following actions:  Bank
      Lien.
      Foreclose its security interest or lien against Borrower's accounts without
      notice. Acceleration
      Upon Default.
      Accelerate the maturity of the Term Note and, at Bank’s option, any or all other
      Obligations, other than Obligations under any swap agreements (as defined in
      11
      U.S.C. § 101, as in effect from time to time) between Borrower and Bank, or its
      affiliates, which shall be due in accordance with and governed by the provisions
      of said swap agreements; whereupon
      the Term Note and the accelerated Obligations shall be immediately due and
      payable; provided, however, if the Default is based upon a bankruptcy or
      insolvency proceeding commenced by or against Borrower or any guarantor or
      endorser of this Note, all Obligations (other than Obligations under any swap
      agreement as referenced above) shall automatically and immediately be due and
      payable. Cumulative.
      Exercise
      any rights and remedies as provided under the Note and other Loan Documents,
      or
      as provided by law or equity.

    

    REAFFIRMATION
      OF SECURITY AGREEMENT.
      The
      Note, this Agreement and all Loan Documents are and shall continue to be secured
      by that certain Security Agreement between Borrower and Bank as of July 7,
      2004.

    

    NO
      THIRD PARTY BENEFICIARY.
      The
      parties hereto do not intend the benefits of this Agreement to inure to any
      third party. Notwithstanding anything contained in this Agreement or any other
      Loan Document, or any course of conduct by any of the parties hereto, this
      Agreement shall not be construed as creating any rights, claims, or causes
      of
      action against Bank, or any of its officers, agents, or employees, in favor
      of
      any contractor, subcontractor, supplier of labor, materials or services, or
      any
      of their respective creditors, or any other person or entity other than
      Borrower.

    

    CONDITIONS
      PRECEDENT.
      The
      obligations of Bank to make the loan and any advances pursuant to this Agreement
      are subject to the following conditions precedent:  Additional
      Documents.
      Receipt
      by Bank of such additional supporting documents as Bank or its counsel may
      reasonably request.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    IN
      WITNESS WHEREOF,
      Borrower and Bank, on the day and year first written above, have caused this
      Agreement to be executed under seal.

     

    
 

    
      	 	
              Global
                Axcess Corp., a Nevada corporation

              

              

              By:
                ____________________________________(SEAL)

              Name:
                Michael J. Loiacono

              Its:  Chief
                Financial Officer

              

              

              Nationwide
                Money Services, Inc., a Nevada corporation

              

              

              By:
                ____________________________________(SEAL)

              Name: Michael
                J. Loiacono

              Its:  Chief
                Financial Officer

              

              

              EFT
                Integration, Inc., a Florida corporation

              

              

              By:
                ____________________________________(SEAL)

              Name: Michael
                J. Loiacono

              Its:  Chief
                Financial Officer

              

              

              Wachovia
                Bank, National Association

              

              

              By:
                __________________________________________(SEAL)

              Name:
                F. W. Preston, Jr.

              Its:
                Senior Vice President

            	 

    

    

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    EXHIBIT
      ASHARE
                    PURCHASE AGREEMENT

                   

                   

                   

                   

                   

                  Among:

                   

                   

                   

                  URANIUM
                    308 CORP.

                   

                   

                   

                  And:

                   

                   

                   

                  MONGOLIA
                    ENERGY LIMITED

                   

                   

                   

                  And:

                   

                   

                   

                  THE
                    SHAREHOLDERS OF

                  MONGOLIA
                    ENERGY LIMITED

                   

                   

                   

                  Notice
                    to the Shareholders of Mongolia Energy Limited:The
                    Shareholders of Mongolia Energy Limited are hereby advised by
                    each of
                    Devlin Jensen, counsel for Uranium 308 Corp., and Uranium 308
                    Corp. to
                    obtain independent legal advice with respect to their review
                    and execution
                    of this Share Purchase Agreement.

                   

                  
                    

                  

                   

                   

                

        

      

    

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    SHARE
      PURCHASE AGREEMENT

    

    

    THIS
      SHARE PURCHASE AGREEMENT
      is dated
      and made for reference effective as fully executed on this 21st
      day of
      September, 2007.

    

    BETWEEN:

    

    

    URANIUM
      308 CORP.,
      a
      corporation organized under the laws of the State of Nevada and having an
      address for notice and delivery located at 2820 W. Charleston Blvd., Suite
      22,
      Las Vegas, NV, 89102

    

    (the
      “Purchaser”);

    OF
      THE FIRST PART

    

    AND:

    

    MONGOLIA
      ENERGY LIMITED,
      a
      corporation organized under the laws of the British Virgin Islands and having
      an
      address for notice and delivery located at c/o Unit C & B, 8th
      Floor,
      Sincere Insurance Building, 4 Hennessy Road, Hong Kong 

    

    (the
      “Company”);

    OF
      THE SECOND PART

    

    AND:

    

    LEIGH
      MARTIN,
      a
      shareholder of Mongolia Energy Limited, having an address for notice and
      delivery at 280 Terry Road, Hartford, CT, USA 06105

    

    (“Martin”);

    OF
      THE THIRD PART

    

    AND:

    

    PETER
      CHEN, a
      shareholder of Mongolia Energy Limited, having an address for notice and
      delivery at Block 813, #13-24, Jellicoe Road, Lavender Gardens, Singapore
      200813

    

    (“Chen”);

    

    OF
      THE FOURTH PART

    

    AND:

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    

    

    ANTHONY
      TAM,
      a
      shareholder of Mongolia Energy Limited, having an address for notice and
      delivery at Room 701 Albion Plaza, 2-6 Granville Road, Tsim Sha Tsui, Kowloon,
      Hong Kong

    

    (“Tam”);

    OF
      THE FIFTH PART

    

    

    (Martin,
      Chen, and Tam, each being hereinafter singularly referred to as a “Vendor”
and
      collectively referred to as the “Vendors”
as
      the
      context so requires”);

    

    

    (the
      Vendors, the Company and the Purchaser being hereinafter singularly also
      referred to as a “Party”
and
      collectively referred to as the “Parties”
as
      the
      context so requires).

    

    WHEREAS:

    

    A. The
      Purchaser is
      a body
      corporate subsisting under and registered pursuant to the laws of the State
      of
      Nevada and is listed on the NASD Over-the-Counter Bulletin Board
      (the
“Exchange”);

    

    B. The
      Company is a body corporate subsisting under and registered pursuant to the
      laws
      of the British Virgin Islands interested in exploring and developing uranium
      projects in Mongolia under exploration licenses (collectively, the “Company’s
      Business”);

    

    C. The
      Vendors are the legal and beneficial owners of all of the issued and outstanding
      shares in the capital of the Company (each a “Purchased
      Share”),
      the
      particulars of the registered and beneficial ownership of such Purchased Shares
      being set forth in Schedule “A” which is attached hereto and which forms a
      material part hereof;

    

    D. The
      Company has
      entered into an agreement (the “Tooroibandi
      Agreement”)
      to
      acquire all of the issued and outstanding shares/registered capital of
      Tooroibandi Limited, a company organized under the laws of Mongolia, which
      owns
      two exploration licenses in Mongolia, license number 12207X and license number
      1137X (collectively,
      the “Licenses”);
      

    

    E. Pursuant
      to the Tooroibandi Agreement, the Company is required to arrange for a U.S.
      Issuer listed on the Exchange that has acquired or entered into an agreement
      to
      acquire the Company to issue up to a maximum of 20,000,000 shares of common
      stock of the U.S. Issuer to the vendor of Tooroibandi Limited as part of the
      consideration for Company’s acquisition of Tooroibandi Limited; and

    

    F. The
      Parties hereto have agreed to enter into this Share Purchase Agreement (the
      “Agreement”)
      which
      formalizes, amends and replaces, in its entirety, the Letter of Intent, dated
      August 28, 2007 (the “Letter
      of Intent”)
      as
      contemplated and required by the terms of such Letter of Intent, and which
      clarifies their respective duties and obligations in connection with the
      purchase by the Purchaser from the Vendors of all of the Purchased Shares
      together with the further development of the Company’s Business as a consequence
      thereof;

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    

    

    

    NOW
      THEREFORE THIS AGREEMENT WITNESSETH that
      in
      consideration of the mutual promises, covenants and agreements herein
      contained, THE
      PARTIES HERETO COVENANT AND AGREE WITH EACH OTHER
      as
      follows:

    

    

    Article
      1

    DEFINITIONS

    

    

    1.1  Definitions.
      For the
      purposes of this Agreement, except as otherwise expressly provided or unless
      the
      context otherwise requires, the following words and phrases shall have the
      following meanings:

    

    
      	 	
              (a)

            	
              “Agreement”
                means this “Share Purchase Agreement” as entered into among the Vendors,
                the Company and the Purchaser herein, together with any amendments
                thereto
                and any Schedules as attached
                thereto;

            

    

    

    
      	 	
              (b)

            	
              “Board
                of Directors”
                means, as applicable, the respective Board of Directors of each of
                the
                Parties hereto as duly constituted from time to
                time;

            

    

    

    
      	 	
              (c)

            	
              “business
                day”
                means any day during which Financial Institutions are open for business
                in
                Hong Kong;

            

    

    

    
      	 	
              (d)

            	
              “Business
                Documentation”
                means any and all records and other factual data and information
                relating
                to the Company’s Business interests and assets and including, without
                limitation, all plans, agreements and records which are in the possession
                or control of the Vendors or the Company in that
                respect;

            

    

    

    
      	 	
              (e)

            	
              “Closing”
                has the meaning ascribed to it in Article “6.1”
                hereinbelow;

            

    

    

    
      	 	
              (f)

            	
              “Closing
                Date”
                has the meaning ascribed to it in Article “6.1”
                hereinbelow;

            

    

    

    
      	 	
              (g)

            	
              “Commercial
                Arbitration Act”
                means the arbitration statute or act that is currently in force and
                effect
                in Hong Kong, as amended from time to time, as set forth in Article
“11”
                hereinbelow;

            

    

    

    
      	 	
              (h)

            	
              “Commissions”
                means the United States Securities and Exchange
                Commission;

            

    

    

    
      	 	
              (i)

            	
              “Common
                Shares”
                means up to a maximum of 25,000,000 shares of common stock of the
                Purchaser in aggregate to be issued and delivered as follows: (i)
                5,000,000 shares to the Vendors on a pro rata basis as part of the
                Purchase Price of the Purchased Shares and (ii) up to 20,000,000
                shares to
                the vendor of Tooroibandi Limited as required pursuant to the Tooroibandi
                Agreement;

            

    

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    

    
      	 	
              (j)

            	
              “Company”
                means Mongolia Energy Limited, a corporation organized under the
                laws of
                the British Virgin Islands, or any successor company, however formed,
                whether as a result of merger, amalgamation or other
                action;

            

    

    

    
      	 	
              (k)

            	
              “Company’s
                Assets”
                means all assets, contracts, equipment, goodwill, inventory and
                Intellectual Property of the
                Company;

            

    

    

    
      	 	
              (l)

            	
              “Company’s
                Business”
                has the meaning ascribed to it in recital “B.”
                hereinabove;

            

    

    

    
      	 	
              (m)

            	
              “Company’s
                Financial Statements”
                has the meaning ascribed to it in Article “3.3(q)”
                hereinbelow;

            

    

    

    
      	 	
              (n)

            	
              “Defaulting
                Party”
                and “Non-Defaulting
                Party”
                have the meanings ascribed to them in Article “12”
                hereinbelow;

            

    

    

    
      	 	
              (o)

            	
              “Encumbrances”
                means mortgages, liens, charges, security interests, encumbrances
                and
                third party claims of any nature;

            

    

    

    
      	 	
              (p)

            	
              “Exchange”
                means the NASD Over-the-Counter Bulletin
                Board;

            

    

    

    
      	 	
              (q)

            	
              “Execution
                Date”
                means the actual date of the complete execution of this Agreement
                and any
                amendment thereto by all Parties hereto as set forth on the front
                page
                hereof;

            

    

    

    
      	 	
              (r)

            	
              “Indemnified
                Party”
                and “Indemnified
                Parties”
                have the meanings ascribed to them in Article “7.1”
                hereinbelow;

            

    

    

    
      	 	
              (s)

            	
              “Licenses”
                has the meaning ascribed to it in recital “D”
                hereinabove;

            

    

    

    
      	 	
              (t)

            	
              “Parties”
                or “Party”
                means, respectively, the Vendors, the Company and/or the Purchaser
                hereto,
                as the case may be, together with their respective successors and
                permitted assigns as the context so
                requires;

            

    

    

    
      	 	
              (u)

            	
              “person”
                or “persons”
                means an individual, corporation, partnership, party, trust, fund,
                association and any other organized group of persons and the personal
                or
                other legal representative of a person to whom the context can apply
                according to law;

            

    

    

    
      	 	
              (v)

            	
              “Purchased
                Shares”
                has the meaning ascribed to it in recital “C.” hereinabove; the
                particulars of the registered and beneficial ownership of such Purchased
                Securities being set forth in Schedule “A” which is attached
                hereto;

            

    

    

    
      	 	
              (w)

            	
              “Purchase
                Price”
                has the meaning ascribed to it in Article “2.2”
                hereinbelow;

            

    

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    

    
      	 	
              (x)

            	
              “Purchaser”
                means Uranium 308 Corp., a corporation organized under the laws of
                the
                State of Nevada, or any successor company, however formed, whether
                as a
                result of merger, amalgamation or other
                action;

            

    

    

    
      	 	
              (y)

            	
              “Purchaser’s
                Ratification”
                has the meaning ascribed to it in Article “5.1(a)”
                hereinbelow;

            

    

    

    
      	 	
              (z)

            	
              “Takeover”
                means that transaction or series of transactions pursuant to which
                the
                Purchaser will acquire all of the Purchased Shares of the Company
                from the
                Vendors in exchange for the payment by the Purchaser of the Purchase
                Price;

            

    

    

    
      	 	
              (aa)

            	
              “Time
                of Closing”
                means 2:00 o’clock, p.m. (Hong Kong Time) on the Closing
                Date;

            

    

    

    
      	 	
              (bb)

            	
              “Tooroibandi
                Agreement”
                has the meaning ascribed to it in recital “D” hereinabove;
                and

            

    

    

    
      	 	
              (cc)

            	
              “Vendors”
                means the shareholders of the Company who have executed this Agreement
                as
                a Party hereto.

            

    

    

    

    1.2  Schedules. For
      the
      purposes of this Agreement, except as otherwise expressly provided or unless
      the
      context otherwise requires, the following shall represent the Schedules which
      are attached to this Agreement and which form a material part
      hereof:

    

    
      	
               Schedule

            	
               Description

            
	 	 
	
              Schedule
                “A”:

            	
              Purchased
                Shares and Vendors;

            
	
              Schedule
                “B”

            	
              Financial
                Statements;

            
	
              Schedule
                “C”

            	
              Material
                Contracts;

            
	
              Schedule
                “D”

            	
              Encumbrances;

            
	
              Schedule
                “E”

            	
              Pending,
                Outstanding or Unresolved Claims or Greivances; and

            
	
              Schedule
                “F”

            	
              Banks
                and Bank Accounts.

            

    

    

    

    1.3  Interpretation. For
      the
      purposes of this Agreement, except as otherwise expressly provided or unless
      the
      context otherwise requires:

    

    
      	 	
              (a)

            	
              the
                words “herein”, “hereof” and “hereunder” and other words of similar import
                refer to this Agreement as a whole and not to any particular Article,
                section or other subdivision of this
                Agreement;

            

    

    

    
      	 	
              (b)

            	
              any
                reference to an entity shall include and shall be deemed to be a
                reference
                to any entity that is a permitted successor to such entity;
                and

            

    

    

    
      	 	
              (c)

            	
              words
                in the singular include the plural and words in the masculine gender
                include the feminine and neuter genders, and vice
                versa.

            

    

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    

    

    Article
      2

    PURCHASE
      AND SALE OF THE ALL OF THE PURCHASED SHARES

    

    

    2.1  Purchase
      and Sale.
      Subject
      to the terms and conditions hereof and based upon the representations and
      warranties contained in Articles “3” and “4” hereinbelow and prior satisfaction
      of the conditions precedent which are set forth in Article “5” hereinbelow, the
      Vendors hereby agrees to assign, sell and transfer at the Closing Date (as
      hereinafter determined) all of their respective rights, entitlement and interest
      in and to the Purchased Shares to the Purchaser and the Purchaser hereby agrees
      to purchase all of the Purchased Shares from the Vendors on the terms and
      subject to the conditions contained in this Agreement.

    

    

    2.2  Purchase
      Price.
      The
      total purchase price (the “Purchase
      Price”)
      for
      all of the Purchased Shares will be satisfied by way of the issuance and
      delivery by the Purchaser of up to a maximum of 25,000,000 shares of common
      stock in the capital of the Purchaser (each a “Common
      Share”),
      in
      accordance with section “2.3” hereinbelow, as follows: (i) 5,000,000 shares to
      the Vendors on a pro rata basis in accordance with each Vendors percentage
      ownership in the Company and (ii) up to 20,000,000 shares to the vendor of
      Tooroibandi Limited pursuant to and at the time required by the terms of the
      Tooroibandi Agreement.

    

    

    2.3  Resale
      Restrictions.
      The
      Vendors hereby acknowledge and agree that the Purchaser makes no representations
      as to any resale or other restriction affecting the Common Shares and that
      it is
      presently contemplated that the Common Shares will be issued by the Purchaser
      to
      the Vendors and the vendor of Tooroibandi Limited in reliance upon the
      registration and prospectus exemptions contained in the United
      States
      Securities Act of 1933,
      as
      amended (the “Securities
      Act”)
      or
“Regulation
      S”
      promulgated under the Securities Act which will impose a trading restriction
      in
      the United States on the Common Shares for a period of at least 12 months from
      the Closing Date (as hereinafter determined). In addition, the obligation of
      the
      Purchaser to issue the Common Shares pursuant to section “2.2” hereinabove will
      be subject to the Purchaser being satisfied that an exemption from applicable
      registration and prospectus requirements is available under the Securities
      Act
      and all applicable securities laws, in respect of the Vendors, the vendor of
      Tooroibandi Limited and the Common Shares, and the Purchaser shall be relieved
      of any obligation whatsoever to purchase any Purchased Shares of the Vendors
      and
      to issue Common Shares pursuant to section “2.2” hereinabove where the Purchaser
      reasonably determines that a suitable exemption is not available to it.

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    

    Article
      3

    REPRESENTATIONS,
      WARRANTIES AND COVENANTS

    BY
      THE COMPANY AND THE VENDOR

    

    

    3.1  General
      Representations, Warranties and Covenants by the Company and the
      Vendors.
      In
      order to induce the Purchaser to enter into and consummate this Agreement,
      the
      Company and the Vendors, jointly and severally, represents to, warrants to
      and
      covenants with the Purchaser, with the intent that the Purchaser will rely
      thereon in entering into this Agreement and in concluding the transactions
      contemplated herein, that, to the best of the knowledge, information and belief
      of each of the Vendors and the Company, after having made due
      inquiry:

    

    
      	 	
              (a)

            	
              if
                a corporation, it is duly organized under the laws of its respective
                jurisdiction of incorporation and is validly existing and in good
                standing
                with respect to all statutory filings required by the applicable
                corporate
                laws;

            

    

    

    
      	 	
              (b)

            	
              it
                is qualified to do business in those jurisdictions where it is necessary
                to fulfill its obligations under this Agreement and it has the full
                power
                and authority to enter into this Agreement and any agreement or instrument
                referred to or contemplated by this
                Agreement;

            

    

    

    
      	 	
              (c)

            	
              it
                has the requisite power, authority and capacity to own and use all
                of its
                respective business assets and to carry on its respective business
                as
                presently conducted by it and to fulfill its respective obligations
                under
                this Agreement;

            

    

    

    
      	 	
              (d)

            	
              the
                execution and delivery of this Agreement and the agreements contemplated
                hereby have been duly authorized by all necessary action, corporate
                or
                otherwise, on its respective part;

            

    

    

    
      	 	
              (e)

            	
              there
                are no other consents, approvals or conditions precedent to the
                performance of this Agreement which have not been
                obtained;

            

    

    

    
      	 	
              (f)

            	
              this
                Agreement constitutes a legal, valid and binding obligation of it
                enforceable against it in accordance with its terms, except as enforcement
                may be limited by laws of general application affecting the rights
                of
                creditors;

            

    

    

    
      	 	
              (g)

            	
              no
                proceedings are pending for, and it is unaware of, any basis for
                the
                institution of any proceedings leading to its respective dissolution
                or
                winding up, or the placing of it in bankruptcy or subject to any
                other
                laws governing the affairs of insolvent companies or
                persons;

            

    

    

    
      	 	
              (h)

            	
              the
                making of this Agreement and the completion of the transactions
                contemplated hereby and the performance of and compliance with the
                terms
                hereof does not and will not:

            

    

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    

    
      	 	
              (i)

            	
              if
                a corporation, conflict with or result in a breach of or violate
                any of
                the terms, conditions or provisions of its respective constating
                documents;

            

    

    

    
      	 	
              (ii)

            	
              conflict
                with or result in a breach of or violate any of the terms, conditions
                or
                provisions of any law, judgment, order, injunction, decree, regulation
                or
                ruling of any Court or governmental authority, domestic or foreign,
                to
                which it is subject, or constitute or result in a default under any
                agreement, contract or commitment to which it is a
                party;

            

    

    

    
      	 	
              (iii)

            	
              give
                to any party the right of termination, cancellation or acceleration
                in or
                with respect to any agreement, contract or commitment to which it
                is a
                party;

            

    

    

    
      	 	
              (iv)

            	
              give
                to any government or governmental authority, or any municipality
                or any
                subdivision thereof, including any governmental department, commission,
                bureau, board or administration agency, any right of termination,
                cancellation or suspension of, or constitute a breach of or result
                in a
                default under, any permit, license, control or authority issued to
                it
                which is necessary or desirable in connection with the conduct and
                operations of its respective business and the ownership or leasing
                of its
                respective business assets; or

            

    

    

    
      	 	
              (v)

            	
              constitute
                a default by it, or any event which, with the giving of notice or
                lapse of
                time or both, might constitute an event of default, under any agreement,
                contract, indenture or other instrument relating to any indebtedness
                of it
                which would give any party to that agreement, contract, indenture
                or other
                instrument the right to accelerate the maturity for the payment of
                any
                amount payable under that agreement, contract, indenture or other
                instrument; and

            

    

    

    
      	 	
              (i)

            	
              neither
                this Agreement nor any other document, certificate or statement furnished
                to the Purchaser by or on behalf of any of the Vendors or the Company
                in
                connection with the transactions contemplated hereby knowingly or
                negligently contains any untrue or incomplete statement of material
                fact
                or omits to state a material fact necessary in order to make the
                statements therein not misleading which would likely affect the decision
                of the Purchaser to enter into this Agreement;
                and

            

    

    

    
      	 	
              (j)

            	
              the
                Company is the sole shareholder or sole registered capital owner
                of
                Tooroibandi
                Limited, a company organized under the laws of
                Mongolia;

            

    

    

    

    3.2  Representations,
      Warranties and Covenants by the Vendors respecting the Purchased Shares and
      the
      Common Shares.
      In
      order to induce the Purchaser to enter into and consummate this Agreement,
      the
      Vendors hereby represent to, warrant to and covenant with the Purchaser, with
      the intent that the Purchaser will also rely thereon in entering into this
      Agreement and in concluding the transactions contemplated herein, that, to
      the
      best of the knowledge, information and belief of the Vendors, after having
      made
      due inquiry:

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

    

    

    
      	 	
              (a)

            	
              save
                and except as set forth in Schedule “A” which is attached hereto, the
                Vendors have good and marketable title to and are the legal and beneficial
                owners of all of the Purchased Shares, and the Purchased Shares are
                fully
                paid and non-assessable and are free and clear of liens, charges,
                encumbrances, pledges, mortgages, hypothecations, security interests
                and
                adverse claims of any and all nature whatsoever and including, without
                limitation, options, pre-emptive rights and other rights of acquisition
                in
                favour of any person, whether conditional or
                absolute;

            

    

    

    
      	 	
              (b)

            	
              the
                Vendors have the power and capacity to own and dispose of the Purchased
                Shares, and the Purchased Shares are not subject to any voting or
                similar
                arrangement;

            

    

    

    
      	 	
              (c)

            	
              there
                are no actions, suits, proceedings or investigations (whether or
                not
                purportedly against or on behalf of the Vendors or the Company),
                pending
                or threatened, which may affect, without limitation, the rights of
                the
                Vendors to transfer any of the Purchased Shares to the Purchaser
                at law or
                in equity, or before or by any federal, state, provincial, municipal
                or
                other governmental department, commission, board, bureau, agency
                or
                instrumentality, domestic or foreign, and, without limiting the generality
                of the foregoing, there are no claims or potential claims under any
                relevant family relations legislation or other equivalent legislation
                affecting the Purchased Shares. In addition, the Vendors are not
                now aware
                of any existing ground on which any such action, suit or proceeding
                might
                be commenced with any reasonable likelihood of
                success;

            

    

    

    
      	 	
              (d)

            	
              no
                other person, firm or corporation has any agreement, option or right
                capable of becoming an agreement for the purchase of any of the Purchased
                Shares;

            

    

    

    
      	 	
              (e)

            	
              the
                Vendors acknowledge that the Common Shares will be issued under certain
                exemptions from the registration and prospectus filing requirements
                otherwise applicable under the Securities Act, and that, as a result,
                the
                Vendors may be restricted from using most of the remedies that would
                otherwise be available to the Vendors, the Vendors will not receive
                information that would otherwise be required to be provided to the
                Vendors
                and the Purchaser is relieved from certain obligations that would
                otherwise apply to the Purchaser, in either case, under applicable
                securities legislation;

            

    

    

    
      	 	
              (f)

            	
              the
                Vendors have not received, nor have the Vendors requested nor do
                the
                Vendors require to receive, any offering memorandum or a similar
                document
                describing the business and affairs of the Purchaser in order to
                assist
                the Vendors in entering into this Agreement and in consummating the
                transactions contemplated herein;

            

    

    

    
      	 	
              (g)

            	
              the
                Vendors acknowledge and agree that the Common Shares have not been
                and
                will not be qualified or registered under the securities laws of
                the
                United States or any other jurisdiction and, as such, the Vendors
                may be
                restricted from selling or transferring such Common Shares under
                applicable law;

            

    

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

    

    

    
      	 	
              (h)

            	
              the
                Vendors are residents in the jurisdiction as set forth under the
                Vendors’
                address in Schedule “A” which is attached hereto, and that all
                negotiations and other acts in furtherance of the execution and delivery
                of this Agreement by the Vendors in connection with the transactions
                contemplated herein have taken place and will take place solely in
                such
                jurisdiction or in the State of Nevada;
                and

            

    

    

    
      	 	
              (i)

            	
              the
                Purchased Shares have been issued in accordance with all applicable
                securities and corporate legislation and
                policies.

            

    

    

    

    3.3  Representations,
      Warranties and Covenants by the Company and the Vendors respecting the
      Company.
      In
      order to induce the Purchaser to enter into and consummate this Agreement,
      each
      of the Vendors and the Company hereby, jointly and severally, also represents
      to, warrants to and covenants with the Purchaser, with the intent that the
      Purchaser will also rely thereon in entering into this Agreement and in
      concluding the transactions contemplated herein, that, to the best of the
      knowledge, information and belief of each of the Vendors and the Company, after
      having made due inquiry:

     

    Corporate
      Status of the Company

    

    
      	 	
              (a)

            	
              the
                Company is a company with limited liability duly and properly organized
                and validly subsisting under the laws of the British Virgin Islands
                being
                the only jurisdiction where it is required to be registered for the
                purpose of enabling it to carry on its business and own its property
                as
                presently carried on and owned;

            

    

    

    
      	 	
              (b)

            	
              the
                Company has good and sufficient power, authority and right to own
                or lease
                its property, to enter into this Agreement and to perform its obligations
                hereunder;

            

    

    

    Authorization

    

    
      	 	
              (c)

            	
              this
                Agreement has been duly authorized, executed and delivered by the
                Vendors
                and the Company and is a legal, valid and binding obligation of the
                Vendors and the Company, enforceable against the Vendors and/or the
                Company, as the case may be, by the Purchaser in accordance with
                its
                terms, except as enforcement may be limited by bankruptcy, insolvency
                and
                other laws affecting the rights of creditors generally and except
                that
                equitable remedies may be granted only in the discretion of a court
                of
                competent jurisdiction;

            

    

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

    

    No
      Other Agreements to Purchase

    

    
      	 	
              (d)

            	
              no
                person other than the Purchaser has any written or oral agreement
                or
                option or any right or privilege (whether by law, pre-emptive or
                contractual) capable of becoming an agreement, or option for the
                purchase
                or acquisition from the Vendors of any of the Purchased
                Shares;

            

    

     

    Options

    

    
      	 	
              (e)

            	
              no
                person has any agreement or option or any right or privilege (whether
                by
                law, pre-emptive or contractual) capable of becoming an agreement,
                including convertible securities, warrants or convertible obligations
                of
                any nature, for the purchase, subscription, allotment or issuance
                of any
                unissued shares or other securities of the
                Company;

            

    

     

    Title
      to Shares
      

    

    
      	 	
              (f)

            	
              the
                Purchased Shares are beneficially owned by the Vendors with good
                and
                marketable title thereto free of all Encumbrances and are registered
                in
                the books of the Company in the name of the Vendors and, without
                limitation thereto, none of the Purchased Shares are subject to any
                voting
                trust, unanimous shareholders agreement, other shareholders agreements,
                pooling agreements or voting
                agreements;

            

    

    

    
      	 	
              (g)

            	
              upon
                completion of the transactions contemplated by this Agreement, all
                of the
                Purchased Shares will be owned by the Purchaser as the beneficial
                owner of
                record, with good and marketable title thereto (except for such
                Encumbrances as may have been granted by the
                Purchaser);

            

    

    

    Title
      to Personal Property
      and Other Property

    

    
      	 	
              (h)

            	
              the
                property and assets of the Company are, and between the date hereof
                and
                the Closing Date (as hereinafter determined), will be, owned beneficially
                by the Company with a good and marketable title thereto, free and
                clear of
                all Encumbrances save as previously disclosed in writing to the
                Purchaser;

            

    

    

    
      	 	
              (i)

            	
              Tooroibandi
                Limited is the rightful and legal owner of the Licenses, free and
                clear of
                all
                liens, charges, pledges, security interests and claims of others,
                and no
                taxes, payments or fees are due in respect of any part of the Licenses,
                and Tooroibandi
                Limited
                has free and unimpeded right to the
                Licenses;

            

    

    

    
      	 	
              (j)

            	
              the
                Company is not in default of any obligation to be performed pursuant
                to
                the Tooroibandi
                Agreement; and

            

    

    

    
      	 	
              (k)

            	
              there
                has not been any default in any obligation to be performed relating
                to the
                Licenses.

            

    

    

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

    Intellectual
      Property

     

    
      	 	
              (l)

            	
              neither
                the Vendors nor the Company are aware of a claim of any infringement
                or
                breach of any industrial or intellectual property rights of any other
                person by the Company, nor have the Vendors or the Company received
                any
                notice that the conduct of the Company’s Business infringes or breaches
                any industrial or intellectual property rights of any other person,
                and
                neither the Vendors nor the Company, after due inquiry, have any
                knowledge
                of any infringement or violation of any of their rights or the rights
                of
                the Company in the Intellectual
                Property;

            

    

    

    
      	 	
              (m)

            	
              the
                conduct of the Company’s Business does not infringe upon the patents,
                trade marks, licenses, trade names, business names, copyright or
                other
                industrial or intellectual property rights, domestic or foreign,
                of any
                other person;

            

    

    

    Financial
      Statements

    

    
      	 	
              (n)

            	
              the
                Company’s unaudited financial statements for the __________ period ended
                ____________ (the “Company’s
                Financial Statements”),
                have been prepared in accordance with generally accepted accounting
                principles applied on a basis consistent with prior periods, if any,
                are
                correct and complete and present fairly the assets, liabilities (whether
                accrued, absolute, contingent or otherwise) and financial condition
                of the
                Company as at the respective dates of and for the respective periods
                covered by the Company’s Financial
                Statements;

            

    

    

    
      	 	
              (o)

            	
              for
                any period up to the Time of Closing the Company will not have any
                debts
                or liabilities whatsoever (whether accrued, absolute or contingent
                or
                otherwise), including any liabilities for federal, state, provincial,
                sales, excise, income, corporate or any other taxes of the Company
                except
                for;

            

    

    
      	 	
              (i)

            	
              the
                debts and liabilities disclosed on, provided for or included in the
                balance sheet forming a part of the most recent of the Company’s Financial
                Statements;

            

    

    

    
      	 	
              (ii)

            	
              debts
                or liabilities disclosed in this Agreement or any Schedule hereto;
                and

            

    

    

    
      	 	
              (iii)

            	
              liabilities
                incurred by the Company in the ordinary course of the Company’s Business
                subsequent to the date of the balance sheet referred to in the Company’s
                Financial Statements;

            

    

     

    Books
      and Records

    

    
      	 	
              (p)

            	
              the
                books and records of the Company fairly and correctly set out and
                disclose, in all material respects, in accordance with generally
                accepted
                accounting principles, consistently applied, the financial condition
                of
                the Company as of the date of this Agreement and all material financial
                transactions of the Company have been accurately recorded in such
                books
                and records;

            

    

    
      
         

      

      
        13

        
          

        

      

      
         

      

    

    

    

    Corporate
      Records

    

    
      	 	
              (q)

            	
              the
                Corporate records and minute books of the Company contain complete
                and
                accurate minutes, (duly signed by the chairman and/or secretary of
                the
                appropriate meeting) of all meetings of the directors and shareholders
                of
                the Company since its date of
                incorporation;

            

    

    

    
      	 	
              (r)

            	
              the
                share certificate records, the securities register, the register
                of
                disclosures, the register of directors and officers for the Company
                are
                contained in the corporate minute book and are complete and accurate
                in
                all respects;

            

    

     

    Directors
      and Officers

    

    
      	 	
              (s)

            	
              the
                present directors and officers of the Company are as
                follows:

            

    

    

    
      	
              Name

            	
              Position

            
	 	 
	
              Anthony
                Tam

            	
              Director

            

    

     

    Accuracy
      of Warranties

    

    
      	 	
              (w)

            	
              neither
                this Agreement nor any document, schedule, list, certificate, declaration
                under oath or written statement now or hereafter furnished by the
                Vendors
                or the Company to the Purchaser in connection with the transactions
                contemplated by this Agreement contains or will contain any untrue
                statement or representation of a material fact on the part of the
                Vendors
                or the Company, or omits or will omit on behalf of the Vendors or
                the
                Company to state a material fact necessary to make any such statement
                or
                representation therein or herein contained not misleading;
                and

            

    

     

    Full
      Disclosure

    

    
      	 	
              (x)

            	
              the
                Vendors have no information or knowledge of any fact not communicated
                to
                the Purchaser and relating to the Company or to the Company’s Business or
                to the Purchased Shares which, if known to the Purchaser, might reasonably
                be expected to deter the Purchaser from entering into this Agreement
                or
                from completing the transactions contemplated by this
                Agreement.

            

    

    

    

    3.4  Survival
      of the Representations, Warranties and Covenants by each of the Vendors and
      the
      Company.
      To the
      extent they have not been fully performed at or prior to the Time of Closing,
      each and every representation and warranty of the Vendors or the Company
      contained in this Agreement and any agreement, instrument, certificate or other
      document executed or delivered pursuant to this Agreement shall:

    

    
      	 	
              (a)

            	
              be
                true and correct on and as of the Closing Date with the same force
                and
                effect as though made or given on the Closing Date;
                

            

    

    
      
         

      

      
        14

        
          

        

      

      
         

      

    

    

    

    
      	 	
              (b)

            	
              remain
                in full force and effect notwithstanding any investigations conducted
                by
                or on behalf of the Purchaser; and 

            

    

    

    
      	 	
              (c)

            	
              survive
                the completion of the transactions contemplated by this Agreement
                until
                the second anniversary of the Closing Date and shall continue in
                full
                force and effect for the benefit of the Purchaser during that period,
                except that:

            

    

    
      	 	
              (i)

            	
              the
                representations and warranties set out in section 3.2(a) to and including
                3.2(i) above shall survive and continue in full force and effect
                without
                limitation of time;
                and

            

    

    

    
      	 	
              (ii)

            	
              a
                claim for any breach of any of the representations and warranties
                contained in this Agreement or in any agreement, instrument, certificate
                or other document executed or delivered pursuant hereto involving
                fraud or
                fraudulent misrepresentation may be made at any time following the
                Closing
                Date, subject only to applicable limitation periods imposed by
                law.

            

    

    

    
      	 	
              (d)

            	
              to
                the extent they have not been fully performed at or prior to the
                Time of
                Closing, each and every covenant of the Vendors contained in this
                Agreement and any agreement, instrument, certificate or other document
                executed or delivered pursuant to this Agreement shall survive the
                completion of the transactions contemplated by this Agreement and,
                notwithstanding such completion, shall continue in full force and
                effect
                for the benefit of the Purchaser.

            

    

    

    

    Article
      4

    WARRANTIES,
      REPRESENTATIONS AND COVENANTS BY THE PURCHASER

    

    

    4.1  Warranties,
      Representations and Covenants by the Purchaser.
      In
      order to induce the Vendors and the Company to enter into and consummate this
      Agreement, the Purchaser hereby warrants to, represents to and covenants with
      each of the Vendors and the Company, with the intent that each of the Vendors
      and the Company will rely thereon in entering into this Agreement and in
      concluding the transactions contemplated herein, that, to the best of the
      knowledge, information and belief of the Purchaser, after having made due
      inquiry:

    

    Corporate
      Status of the Purchaser

    

    
      	 	
              (a)

            	
              the
                Purchaser is a company with limited liability duly and properly
                incorporated, organized and validly subsisting under the laws of
                the State
                of Nevada being the only jurisdiction where it is required to be
                registered for the purpose of enabling it to carry on its business
                and own
                its property as presently carried on and
                owned;

            

    

    
      
         

      

      
        15

        
          

        

      

      
         

      

    

    

    

    
      	 	
              (b)

            	
              the
                Purchaser has good and sufficient power, authority and right to own
                or
                lease its property, to enter into this Agreement and to perform its
                obligations hereunder;

            

    

    

    Authorization

    

    
      	 	
              (c)

            	
              this
                Agreement has been duly authorized, executed and delivered by the
                Purchaser and is a legal, valid and binding obligation of the Purchaser,
                enforceable against the Purchaser, as the case may be, by the Vendors
                and/or the Company in accordance with its terms, except as enforcement
                may
                be limited by bankruptcy, insolvency and other laws affecting the
                rights
                of creditors generally and except that equitable remedies may be
                granted
                only in the discretion of a court of competent
                jurisdiction;

            

    

    

    Share
      Capital

    

    
      	 	
              (d)

            	
              the
                authorized capital of the Purchaser consists of 3,750,000,000
                shares of common stock of which 66,570,001 shares of common stock
                of the
                Purchaser have been duly issued and are outstanding as fully paid
                and
                non-assessable;

            

    

    

    
      	 	
              (e)

            	
              all
                of the issued and outstanding shares of the Purchaser are listed
                and
                posted for trading on the Exchange;

            

    

    

    
      	 	
              (f)

            	
              the
                Purchaser will allot and issue the Common Shares on the Closing Date
                in
                accordance with sections “2.2” and “2.3” hereinabove as fully paid and
                non-assessable in the capital of the Purchaser, free and clear of
                all
                actual or threatened liens, charges, security interests, options,
                encumbrances, voting agreements, voting trusts, demands, limitations
                and
                restrictions of any nature whatsoever, other than hold periods or
                other
                restrictions imposed under applicable securities legislation or by
                securities regulatory authorities;

            

    

    

    Options

    

    
      	 	
              (g)

            	
              no
                person has any agreement or option or any right or privilege (whether
                by
                law, pre-emptive or contractual) capable of becoming an agreement,
                including convertible securities, warrants or convertible obligations
                of
                any nature, for the purchase, subscription, allotment or issuance
                of any
                unissued shares or other securities of the Purchaser, except for
                the
                3,828,750 warrants that have been recently issued in private placements,
                which allow the holder thereof to acquire one additional share of
                common
                stock of the Purchaser at a certain price for a period of two years
                from
                the date of issuance;

            

    

    

    
      
         

      

      
        16

        
          

        

      

      
         

      

    

    Directors
      and Officers

    

    
      	 	
              (h)

            	
              the
                present directors and officers of the Purchaser are as
                follows:

            

    

    

    
      	
              Name

            	
              Position

            
	 	 
	
              Dennis
                Tan

            	
              President,
                CEO & Director

            
	
              Ka
                Yu

            	
              Secretary,
                Treasurer & Director

            

    

    

    Full
      Disclosure

    

    
      	 	
              (i)

            	
              the
                Purchaser has no information or knowledge of any fact not communicated
                to
                the Vendors and the Company and relating to the Purchaser or to the
                Purchaser’s business or to its issued and outstanding securities which, if
                known to the Vendors and/or the Company, might reasonably be expected
                to
                deter the Vendors and/or the Company from entering into this Agreement
                or
                from completing the transactions contemplated by this
                Agreement.

            

    

    

    

    4.2  Survival
      of the Representations, Warranties and Covenants by the
      Purchaser.
      To the
      extent they have not been fully performed at or prior to the Time of Closing,
      each representation and warranty of the Purchaser contained in this Agreement
      or
      in any document, instrument, certificate or undertaking given pursuant hereto
      shall:

    

    
      	 	
              (a)

            	
              be
                true and correct on and as of the Closing Date with the same force
                and
                effect as though made or given on the Closing
                Date;

            

    

    

    
      	 	
              (b)

            	
              remain
                in full force an effect notwithstanding any investigations conducted
                by or
                on behalf of the Company and/or the
                Vendors;

            

    

    
      	 	
              (c)

            	
              survive
                the completion of the transactions contemplated by this Agreement
                until
                the second anniversary of the Closing Date
                and shall continue in full force and effect for the benefit of the
                Vendors
                and the Company during that period, except that a claim for any breach
                of
                any of the representations and warranties contained in this Agreement
                or
                in any agreement, instrument, certificate or other document executed
                or
                delivered pursuant hereto involving fraud or fraudulent misrepresentation
                may be made at any time following the Closing Date, subject only
                to
                applicable limitation periods imposed by law;
                and

            

    

    

    
      	 	
              (d)

            	
              to
                the extent they have not been fully performed at or prior to the
                Time of
                Closing, each and every covenant of the Purchaser contained in this
                Agreement and any agreement, instrument, certificate or other document
                executed or delivered pursuant to this Agreement shall survive the
                completion of the transactions contemplated by this Agreement and,
                notwithstanding such completion, shall continue in full force and
                effect
                for the benefit of the Vendors and the
                Company.

            

    

    
      
         

      

      
        17

        
          

        

      

      
         

      

    

    

    

    Article
      5

    CONDITIONS
      PRECEDENT TO CLOSING

    

    

    5.1  Parties’
      Conditions Precedent prior to the Closing Date.
      All of
      the rights, duties and obligations of each of the Parties hereto under this
      Agreement are subject to the following conditions precedent for the exclusive
      benefit of each of the Parties to be fulfilled in all material aspects in the
      reasonable opinion of each of the Parties or to be waived by each or any of
      the
      Parties, as the case may be, as soon as possible after the Execution Date;
      however, unless specifically indicated as otherwise, not later than the Time
      of
      Closing:

    

    
      	 	
              (a)

            	
              the
                specific ratification of the terms and conditions of this Agreement
                by the
                Board of Directors of the Purchaser within five business days of
                the due
                and complete execution of this Agreement by each of the Parties hereto
                (the “Purchaser’s
                Ratification”).

            

    

    

    

    5.2  Parties’
      Waiver of Conditions Precedent.
      The
      conditions precedent set forth in section “5.1” hereinabove are for the
      exclusive benefit of each of the Parties hereto and may be waived by each of
      the
      Parties in writing and in whole or in part at or prior to the Time of
      Closing.

    

    

    5.3  The
      Vendors’ and the Company’s Conditions Precedent.
      The
      purchase and sale of the Purchased Securities is subject to the following terms
      and conditions for the exclusive benefit of the Vendors and the Company, to
      be
      fulfilled or performed at or prior to the Time of Closing:

    

    
      	 	
              (a)

            	
              the
                representations and warranties of the Purchaser contained in this
                Agreement shall be true and correct in all material respects at the
                Time
                of Closing, with the same force and effect as if such representations
                and
                warranties were made at and as of such time;

            

    

    

    
      	 	
              (b)

            	
              all
                of the terms, covenants and conditions of this Agreement to be complied
                with or performed by the Purchaser at or before the Time of Closing
                shall
                have been complied with or performed in all material
                respects;

            

    

    

    
      	 	
              (c)

            	
              there
                shall have been obtained, from all appropriate federal, provincial,
                municipal or other governmental or administrative bodies, such licenses,
                permits, consents, approvals, certificates, registrations and
                authorizations as are required by law, if any, to be obtained by
                the
                Purchaser to permit the change of ownership of the Purchased Shares
                contemplated hereby, in each case in form and substance satisfactory
                to
                the Vendors and the Company, acting reasonably;
                and

            

    

    

    
      	 	
              (d)

            	
              no
                legal or regulatory action or proceeding shall be pending or threatened
                by
                any person to enjoin, restrict or prohibit the purchase and sale
                of the
                Purchased Shares contemplated
                hereby.

            

    

    
      
         

      

      
        18

        
          

        

      

      
         

      

    

    

    If
      any of
      the conditions contained in this section 5.3 shall not be performed or fulfilled
      at or prior to the Time of Closing to the satisfaction of the Vendors and the
      Company, acting reasonably, the Vendors and/or the Company may, by notice to
      the
      Purchaser, terminate this Agreement and the obligations of the Vendors, the
      Company and the Purchaser under this Agreement, other than the obligations
      contained in Article 8 hereinbelow, shall be terminated, provided that the
      Vendors and the Company may also bring an action pursuant to Article 7 against
      the Purchaser for damages suffered by the Vendors and/or the Company where
      the
      non-performance or non-fulfillment of the relevant condition is as a result
      of a
      breach of covenant, representation or warranty by the Purchaser. Any such
      condition may be waived in whole or in part by the Vendors and the Company
      in
      writing without prejudice to any claims it may have for breach of covenant,
      representation or warranty.

     

    5.4  Purchaser’s
      Conditions Precedent prior to the Closing Date.
      The
      sale
      and purchase of the Purchased Shares is subject to the following terms and
      conditions for the exclusive benefit of the Purchaser, to be fulfilled or
      performed at or prior to the Time of Closing:

    

    
      	 	
              (a)

            	
              the
                representations and warranties of the Vendors and the Company contained
                in
                this Agreement shall be true and correct at the Time of Closing,
                with the
                same force and effect as if such representations and warranties were
                made
                at and as of such time;

            

    

    

    
      	 	
              (b)

            	
              all
                of the terms, covenants and conditions of this Agreement to be complied
                with or performed by the Vendors and the Company at or before the
                Time of
                Closing shall have been complied with or
                performed;

            

    

    

    
      	 	
              (c)

            	
              there
                shall have been obtained, from all appropriate federal, provincial,
                municipal or other governmental or administrative bodies, such licenses,
                permits, consents, approvals, certificates, registrations and
                authorizations as are required to be obtained, if any, by the Vendors
                and
                the Company to permit the change of ownership of the Purchased Shares
                contemplated hereby;

            

    

    

    
      	 	
              (d)

            	
              there
                shall have been no material adverse changes in the condition (financial
                or
                otherwise), assets, liabilities, operations, earnings, the Company’s
                Business or prospects of the Company since the date of the Company’s
                Financial Statements;

            

    

    

    
      	 	
              (e)

            	
              no
                legal or regulatory action or proceeding shall be pending or threatened
                by
                any person to enjoin, restrict or prohibit the purchase and sale
                of the
                Purchased Shares contemplated
                hereby;

            

    

    

    
      	
            	(f)	
              no
                material damage by fire or other hazard to the whole or any material
                part
                of the property or assets of the Company shall have occurred from
                the date
                hereof to the Time of Closing;
                and

            

    

    
      
         

      

      
        19

        
          

        

      

      
         

      

    

    

    
      	 	
              (g)

            	
              the
                Tooroibandi Agreement has been completed at least to the point where
                the
                Company is the sole shareholder or sole registered capital owner
                of
                Tooroibandi Limited.

            

    

    

    If
      any of
      the conditions contained in this section 5.4 shall not be performed or fulfilled
      at or prior to the Time of Closing to the satisfaction of the Purchaser, acting
      reasonably, the Purchaser may, by notice to the Vendors and the Company,
      terminate this Agreement and the obligations of the Vendors, the Company and
      the
      Purchaser under this Agreement, other than the obligations set forth in Article
      8, shall be terminated, provided that the Purchaser may also bring an action
      pursuant to Article 7 against the Vendors and/or the Company for damages
      suffered by the Purchaser where the non-performance or non-fulfillment of the
      relevant condition is as a result of a breach of covenant, representation or
      warranty by the Vendors or the Company. Any such condition may be waived in
      whole or in part by the Purchaser without prejudice to any claims it may have
      for breach of covenant, representation or warranty.

    

    Article
      6

    CLOSING
      AND EVENTS OF CLOSING

     

    6.1  Closing
      and Closing Date.
      The
      closing (the “Closing”)
      of the
      within purchase and delivery of the Purchased Shares, as contemplated in the
      manner as set forth in Article “2” hereinabove, together with all of the
      transactions contemplated by this Agreement shall occur on or before September
      30, 2007 (the “Closing
      Date”),
      or on
      such earlier or later Closing Date as may be agreed to in advance and in writing
      by each of the Parties hereto, and will be closed at the offices of the Company
      located at Unit C & B, 8th
      Floor,
      Sincere Insurance Building, 4 Hennessy Road, Hong Kong at 2:00 p.m. (Hong Kong
      Time) on the Closing Date.

     

    6.2  Latest
      Closing Date.
      If the
      Closing Date has not occurred by September 30, 2007, subject to an extension
      as
      may be mutually agreed to by the Parties for a maximum of 7 days per extension,
      then the Purchaser and the Vendors shall each have the option to terminate
      this
      Agreement by delivery of written notice to the other Party. Upon delivery of
      such notice, this Agreement shall cease to be of any force and effect except
      for
      Article “8” hereinbelow, which shall remain in full force and effect
      notwithstanding the termination of this Agreement.

     

    6.3  Documents
      to be delivered by the Company and the Vendors prior to the Closing
      Date.
      Not
      later than five calendar days prior to the Closing Date, and in addition to
      the
      documentation which is required by the agreements and conditions precedent
      which
      are set forth hereinabove, the Company and the Vendors shall also execute and
      deliver or cause to be delivered to Purchaser’s counsel all such other
      documents, resolutions and instruments as may be necessary, in the opinion
      of
      counsel for the Purchaser, acting reasonably, to complete all of the
      transactions contemplated by this Agreement and including, without limitation,
      the necessary transfer of all of the Purchased Shares to the Purchaser free
      and
      clear of all liens, security interests, charges and encumbrances, and in
      particular including, but not being limited to, the following
      materials:

    
      
         

      

      
        20

        
          

        

      

      
         

      

    

    

    
      	 	
              (a)

            	
              all
                documentation as may be necessary and as may be required by the solicitors
                for the Purchaser, acting reasonably, to ensure that all of the Purchased
                Shares have been transferred, assigned and are registerable in the
                name of
                and for the benefit of the Purchaser under all applicable corporate
                and
                securities laws;

            

    

    

    
      	 	
              (b)

            	
              certificates
                representing the Purchased Shares registered in the name of the Vendors,
                duly endorsed for transfer to the Purchaser and/or irrevocable stock
                powers transferring the Purchased Shares to the
                Purchaser;

            

    

    

    
      	 	
              (c)

            	
              certificates
                representing the Purchased Shares registered in the name of the
                Purchaser;

            

    

    

    
      	 	
              (d)

            	
              a
                certified copy of the resolutions of the directors (and of the
                Vendors/shareholders, if necessary) of the Company authorizing the
                transfer by the Vendors to the Purchaser of the Purchased
                Shares;

            

    

    

    
      	 	
              (e)

            	
              a
                copy of all corporate records and books of account of the Company
                and
                including, without limiting the generality of the foregoing, a copy
                of all
                minute books, share register books, share certificate books and annual
                reports of the Company;

            

    

    

    
      	 	
              (f)

            	
              all
                remaining Business Documentation;
                and

            

    

    

    
      	 	
              (g)

            	
              all
                such other documents and instruments as the Purchaser’s solicitors may
                reasonably require.

            

    

     

    6.4  Documents
      to be delivered by the Purchaser prior to the Closing
      Date.
      Not
      later than the Closing Date, and in addition to the documentation which is
      required by the agreements and conditions precedent which are set forth
      hereinabove, the Purchaser shall also execute and deliver or cause to be
      delivered to the Company’s and the Vendors’ counsel, all such other documents,
      resolutions and instruments that may be necessary, in the opinion of counsel
      for
      the Company and the Vendors, acting reasonably, to complete all of the
      transactions contemplated by this Agreement and including, without limitation,
      the necessary acceptance of the transfer of all of the Purchased Shares to
      the
      Purchaser free and clear of all liens, charges and encumbrances, and in
      particular including, but not being limited to, the following
      materials:

    

    
      	 	
              (a)

            	
              a
                copy of the resolutions of the directors of the Purchaser providing
                for
                the approval of all of the transactions contemplated
                hereby;

            

    

    

    
      	 	
              (b)

            	
              an
                executed treasury order of the Purchaser providing for the due issuance
                of
                all of the Common Shares in
                accordance with sections “2.2” and “2.3” hereinabove;
                and

            

    

    

    
      	 	
              (c)

            	
              all
                such other documents and instruments as the Company’s and the Vendors’
                respective solicitors may reasonably
                require.

            

    

    

    

    
      
         

      

      
        21

        
          

        

      

      
         

      

    

    Article
      7

    INDEMNIFICATION
      AND LEGAL PROCEEDINGS

    

    

    7.1  Indemnification.
      The
      Parties hereto agree to indemnify and save harmless the other Parties hereto
      and
      including, where applicable, their respective affiliates, directors, officers,
      employees and agents (each such party being an “Indemnified
      Party”)
      harmless from and against and agree to be liable for any and all losses, claims,
      actions, suits, proceedings, damages, liabilities or expenses of whatever nature
      or kind, including any investigation expenses incurred by any Indemnified Party,
      to which an Indemnified Party may become subject by reason of the terms and
      conditions of this Agreement.

    

    7.2  No
      Indemnification.
      This
      indemnity will not apply in respect of an Indemnified Party in the event and
      to
      the extent that a court of competent jurisdiction in a final judgment shall
      determine that the Indemnified Party was grossly negligent or guilty of willful
      misconduct.

    

    7.3  Claim
      of Indemnification.
      The
      Parties hereto agree to waive any right they might have of first requiring
      the
      Indemnified Party to proceed against or enforce any other right, power, remedy,
      security or claim payment from any other person before claiming this
      indemnity.

    

    7.4  Notice
      of Claim.
      In case
      any action is brought against an Indemnified Party in respect of which indemnity
      may be sought against any of the Parties hereto, the Indemnified Party will
      give
      the relevant Party hereto prompt written notice of any such action of which
      the
      Indemnified Party has knowledge and such Party will undertake the investigation
      and defense thereof on behalf of the Indemnified Party, including the prompt
      consulting of counsel acceptable to the Indemnified Party affected and the
      payment of all expenses. Failure by the Indemnified Party to so notify shall
      not
      relieve any Party hereto of such Party’s obligation of indemnification hereunder
      unless (and only to the extent that) such failure results in a forfeiture by
      any
      Party hereto of substantive rights or defenses.

    

    7.5  Settlement.
      No
      admission of liability and no settlement of any action shall be made without
      the
      consent of each of the Parties hereto and the consent of the Indemnified Party
      affected, such consent not to be unreasonably withheld.

    

    7.6  Legal
      Proceedings.
      Notwithstanding that the relevant Party hereto will undertake the investigation
      and defense of any action, an Indemnified Party will have the right to employ
      separate counsel in any such action and participate in the defense thereof,
      but
      the fees and expenses of such counsel will be at the expense of the Indemnified
      Party unless:

    

    
      	 	
              (a)

            	
              such
                counsel has been authorized by the relevant Party
                hereto;

            

    

    
      
         

      

      
        22

        
          

        

      

      
         

      

    

    

    

    
      	 	
              (b)

            	
              the
                relevant Party hereto has not assumed the defense of the action within
                a
                reasonable period of time after receiving notice of the
                action;

            

    

    

    
      	 	
              (c)

            	
              the
                named parties to any such action include that any Party hereto and
                the
                Indemnified Party shall have been advised by counsel that there may
                be a
                conflict of interest between any Party hereto and the Indemnified
                Party;
                or

            

    

    

    
      	 	
              (d)

            	
              there
                are one or more legal defenses available to the Indemnified Party
                which
                are different from or in addition to those available to any Party
                hereto.

            

    

     

    7.7  Contribution.
      If for
      any reason other than the gross negligence or bad faith of the Indemnified
      Party
      being the primary cause of the loss claim, damage, liability, cost or expense,
      the foregoing indemnification is unavailable to the Indemnified Party or
      insufficient to hold them harmless, the relevant Party hereto shall contribute
      to the amount paid or payable by the Indemnified Party as a result of any and
      all such losses, claim, damages or liabilities in such proportion as is
      appropriate to reflect not only the relative benefits received by any Party
      hereto on the one hand and the Indemnified Party on the other, but also the
      relative fault of the Parties and other equitable considerations which may
      be
      relevant. Notwithstanding the foregoing, the relevant Party hereto shall in
      any
      event contribute to the amount paid or payable by the Indemnified Party, as
      a
      result of the loss, claim, damage, liability, cost or expense (other than a
      loss, claim, damage, liability, cost or expenses, the primary cause of which
      is
      the gross negligence or bad faith of the Indemnified Party), any excess of
      such
      amount over the amount of the fees actually received by the Indemnified Party
      hereunder.

    

    

    Article
      8

    NON-DISCLOSURE

     

    8.1  Confidentiality.
      Until
      Closing, the parties undertake to keep all information with respect to this
      Agreement, the terms herein, and any related, underlying or subsequent
      agreements (collectively, the “Information”)
      confidential and not to directly or indirectly disclose the Information at
      any
      time to any person or persons or use the Information for any purpose whatsoever,
      and to take, or abstain from taking, other actions set forth herein. The
      Information will be used solely for the purpose of evaluating the proposed
      transactions set out herein, and will be kept confidential by each of the
      Vendors, the Company and the Purchaser, and their officers, directors,
      employees, representatives, agents, and advisors; provided that (i) any of
      such
      Information may be disclosed by either party to its officers, directors,
      employees, representatives, agents, and advisors who require such information
      for the purpose of evaluating the arrangement set out herein; (ii) disclosure
      of
      such Information may be made where the consent in writing of the other party
      has
      been obtained; (iii) such Information may be disclosed if so required by law;
      and (iv) such obligation of confidentiality shall expire upon such Information
      becoming public by means other than a breach of this Section. If the arrangement
      set out in the Agreement is not completed, each of the Purchaser, the Company
      and the Vendors will promptly return all documents, contracts, records, or
      properties to the other. The provisions of this paragraph shall survive the
      termination of this Agreement.

    
      
         

      

      
        23

        
          

        

      

      
         

      

    

    

    8.2  Public
      Disclosure.
      Neither
      the Purchaser nor the Company nor the Vendors will, before Closing, make any
      public release of information regarding the matters contemplated herein except
      that each of the Purchaser, the Company and the Vendors may each continue such
      communications with their respective employees, customers, suppliers,
      franchisees, lenders, lessors, shareholders, and other particular groups as
      may
      be legally required or necessary or appropriate and not inconsistent with the
      best interests of the other party or the prompt consummation of the transactions
      contemplated by this Agreement, or as otherwise required by law.

    

    

    Article
      9

    ASSIGNMENT
      AND AMENDMENT

    

    

    9.1  Assignment.
      Save
      and except as provided herein, no Party hereto may sell, assign, pledge or
      mortgage or otherwise encumber all or any part of its respective interest herein
      without the prior written consent of all of the other Parties
      hereto.

    

    

    9.2  Amendment.
      This
      Agreement and any provision thereof may only be amended in writing and only
      by
      duly authorized signatories of each of the respective Parties
      hereto.

    

    

    Article
      10

    FORCE
      MAJEURE

    

    

    10.1  Events.
      If any
      Party hereto is at any time prevented or delayed in complying with any
      provisions of this Agreement by reason of strikes, walk-outs, labour shortages,
      power shortages, fires, wars, acts of God, earthquakes, storms, floods,
      explosions, accidents, protests or demonstrations by environmental lobbyists
      or
      native rights groups, delays in transportation, breakdown of machinery,
      inability to obtain necessary materials in the open market, unavailability
      of
      equipment, governmental regulations restricting normal operations, shipping
      delays or any other reason or reasons beyond the control of that Party, then
      the
      time limited for the performance by that Party of its respective obligations
      hereunder shall be extended by a period of time equal in length to the period
      of
      each such prevention or delay.

    

    

    10.2  Notice.
      A Party
      shall, within seven calendar days, give notice to the other Parties of each
      event of force
      majeure
      under
      section “10.1” hereinabove, and upon cessation of such event shall furnish the
      other Parties with notice of that event together with particulars of the number
      of days by which the obligations of that Party hereunder have been extended
      by
      virtue of such event of force
      majeure
      and all
      preceding events of force
      majeure.

    

    

    
      
         

      

      
        24

        
          

        

      

      
         

      

    

    Article
      11

    ARBITRATION

    

    

    11.1  Matters
      for Arbitration.
      The
      Parties agree that all questions or matters in dispute with respect to this
      Agreement shall be submitted to arbitration pursuant to the terms
      hereof.

     

    11.2  Notice.
      It
      shall be a condition precedent to the right of any Party to submit any matter
      to
      arbitration pursuant to the provisions hereof that any Party intending to refer
      any matter to arbitration shall have given not less than 10 calendar days’ prior
      written notice of its intention to do so to the other Party together with
      particulars of the matter in dispute. On the expiration of such 10 calendar
      days
      the Party who gave such notice may proceed to refer the dispute to arbitration
      as provided in section “11.3” hereinbelow.

    

    11.3  Appointments.
      The
      Party desiring arbitration shall appoint one arbitrator, and shall notify the
      other Party of such appointment, and the other Party shall, within two calendar
      days after receiving such notice, appoint an arbitrator, and the two arbitrators
      so named, before proceeding to act, shall, within 10 calendar days of the
      appointment of the last appointed arbitrator, unanimously agree on the
      appointment of a third arbitrator, to act with them and be chairman of the
      arbitration herein provided for. If the other Party shall fail to appoint an
      arbitrator within 10 calendar days after receiving notice of the appointment
      of
      the first arbitrator, and if the two arbitrators appointed by the Parties shall
      be unable to agree on the appointment of the chairman, the chairman shall be
      appointed under the provisions of the arbitration statute or act in force and
      effect in Hong Kong (the “Commercial
      Arbitration Act”).
      Except as specifically otherwise provided in this section, the arbitration
      herein provided for shall be conducted in accordance with such Commercial
      Arbitration Act. The chairman, or in the case where only one arbitrator is
      appointed, the single arbitrator, shall fix a time and place in Hong Kong for
      the purpose of hearing the evidence and representations of the Parties, and
      he
      shall preside over the arbitration and determine all questions of procedure
      not
      provided for under such Commercial Arbitration Act or this section. After
      hearing any evidence and representations that the Parties may submit, the single
      arbitrator, or the arbitrators, as the case may be, shall make an award and
      reduce the same to writing, and deliver one copy thereof to each of the Parties.
      The expense of the arbitration shall be paid as specified in the
      award.

    

    11.4  Award.
      The
      Parties agree that the award of a majority of the arbitrators, or in the case
      of
      a single arbitrator, of such arbitrator, shall be final and binding upon each
      of
      them.

    

    

    
      
         

      

      
        25

        
          

        

      

      
         

      

    

    Article
      12

    DEFAULT
      AND TERMINATION

    

    

    12.1  Default.
      The
      Parties hereto agree that if any Party hereto is in default with respect to
      any
      of the provisions of this Agreement (herein called the “Defaulting
      Party”),
      the
      non-defaulting Party (herein called the “Non-Defaulting
      Party”)
      shall
      give notice to the Defaulting Party designating such default, and within 10
      calendar days after its receipt of such notice, the Defaulting Party shall
      either:

    

    
      	 	
              (a)

            	
              cure
                such default, or commence proceedings to cure such default and prosecute
                the same to completion without undue delay;
                or

            

    

    

    
      	 	
              (b)

            	
              give
                the Non-Defaulting Party notice that it denies that such default
                has
                occurred and that it is submitting the question to arbitration as
                herein
                provided.

            

    

    

    

    12.2  Arbitration.
      If
      arbitration is sought, a Party shall not be deemed in default until the matter
      shall have been determined finally by appropriate arbitration under the
      provisions of Article “11” hereinabove.

    

    12.3  Curing
      the Default.
      If:

    

    
      	 	
              (a)

            	
              the
                default is not so cured or the Defaulting Party does not commence
                or
                diligently proceed to cure the default;
                or

            

    

    

    
      	 	
              (b)

            	
              arbitration
                is not so sought; or

            

    

    

    
      	 	
              (c)

            	
              the
                Defaulting Party is found in arbitration proceedings to be in default,
                and
                fails to cure it within five calendar days after the rendering of
                the
                arbitration award,

            

    

    

    the
      Non-Defaulting Party may, by written notice given to the Defaulting Party at
      any
      time while the default continues, terminate the interest of the Defaulting
      Party
      in and to this Agreement.

    

    12.4  Termination.
      In
      addition to the foregoing it is hereby acknowledged and agreed by the Parties
      hereto that this Agreement will be terminated in the event that:

    

    
      	 	
              (a)

            	
              the
                Purchaser’s Ratification is not received within five business days of the
                due and complete execution of this Agreement by each of the Parties
                hereto;

            

    

    

    
      	 	
              (b)

            	
              either
                of the Parties hereto has not either satisfied or waived each of
                their
                respective conditions precedent at or prior to the Time of Closing
                in
                accordance with the provisions of Article “5”
                hereinabove;

            

    

    
      
         

      

      
        26

        
          

        

      

      
         

      

    

    

    

    (c) either
      of
      the Parties hereto has failed to deliver or caused to be delivered any of their
      respective documents required to be delivered by Articles “5” and “6”
hereinabove at or prior to the Time of Closing in accordance with the provisions
      of Articles “5” and “6”; 

    

    (d) the
      Closing has not occurred on or before September 30, 2007, or such later date,
      all in accordance with section “6.2” hereinabove; or

    

    
      	 	
              (e)

            	
              by
                agreement in writing by each of the Parties
                hereto;

            

    

    

    and
      in
      such event this Agreement will be terminated and be of no further force and
      effect other than the obligations under Article “8” hereinabove.

    

    

    Article
      13

    NOTICE

    

    

    13.1  Notice.
      Each
      notice, demand or other communication required or permitted to be given under
      this Agreement shall be in writing and shall be sent by prepaid registered
      mail
      deposited in a post office addressed to the Party entitled to receive the same,
      or delivered to such Party, at the address for such Party specified above.
      The
      date of receipt of such notice, demand or other communication shall be the
      date
      of delivery thereof if delivered, or, if given by registered mail as aforesaid,
      shall be deemed conclusively to be the third calendar day after the same shall
      have been so mailed, except in the case of interruption of postal services
      for
      any reason whatsoever, in which case the date of receipt shall be the date
      on
      which the notice, demand or other communication is actually received by the
      addressee.

    

    13.2  Change
      of Address.
      Either
      Party may at any time and from time to time notify the other Party in writing
      of
      a change of address and the new address to which notice shall be given to it
      thereafter until further change.

    

    

    Article
      14

    GENERAL
      PROVISIONS

    

    

    14.1  Entire
      Agreement.
      This
      Agreement constitutes the entire agreement to date between the Parties hereto
      and supersedes every previous agreement, communication, expectation,
      negotiation, representation or understanding, whether oral or written, express
      or implied, statutory or otherwise, between the Parties with respect to the
      subject matter of this Agreement and including, without limitation, the
      agreement as between the Purchaser, the Vendors and the
      Company.

    

    14.2  Enurement.
      This
      Agreement will enure to the benefit of and will be binding upon the Parties
      hereto, their respective heirs, executors, administrators and
      assigns.

    
      
         

      

      
        27

        
          

        

      

      
         

      

    

    

    

    

    14.3  Schedules.
      The
      Schedules to this Agreement are hereby incorporated by reference into this
      Agreement in its entirety.

    

    14.4  Time
      of the Essence.
      Time
      will be of the essence of this Agreement.

    14.5  Representation
      and Costs.
      It is
      hereby acknowledged by each of the Parties hereto that, as between the Parties
      hereto, Devlin Jensen, Barristers and Solicitors, acts solely for the Purchaser,
      and that each of the Vendors and the Company have been advised by Devlin Jensen
      to obtain independent legal advice with respect to their respective reviews
      and
      execution of this Agreement. In addition, it is hereby further acknowledged
      and
      agreed by the Parties hereto that each Party to this Agreement will bear and
      pay
      its own costs, legal and otherwise, in connection with its respective
      preparation, review and execution of this Agreement, and, in particular, that
      the costs involved in the preparation of this Agreement, and all documentation
      necessarily involved thereto, by Devlin Jensen shall be at the cost of the
      Purchaser.

    

    14.6  Applicable
      Law.
      The
      situs of this Agreement is Hong Kong and for all purposes this Agreement will
      be
      governed exclusively by and construed and enforced in accordance with the laws
      and Courts prevailing in Hong Kong.

    

    14.7  Further
      Assurances.
      The
      Parties hereto hereby, jointly and severally, covenant and agree to forthwith,
      upon request, execute and deliver, or cause to be executed and delivered, such
      further and other deeds, documents, assurances and instructions as may be
      required by the Parties hereto or their respective counsel in order to carry
      out
      the true nature and intent of this Agreement.

    

    14.8  Severability
      and Construction.
      Each
      Article, section, paragraph, term and provision of this Agreement, and any
      portion thereof, shall be considered severable, and if, for any reason, any
      portion of this Agreement is determined to be invalid, contrary to or in
      conflict with any applicable present or future law, rule or regulation in a
      final unappealable ruling issued by any court, agency or tribunal with valid
      jurisdiction in a proceeding to any of the Parties hereto is a party, that
      ruling shall not impair the operation of, or have any other effect upon, such
      other portions of this Agreement as may remain otherwise intelligible (all
      of
      which shall remain binding on the Parties and continue to be given full force
      and agreement as of the date upon which the ruling becomes
      final).

    

    14.9  Captions.
      The
      captions, section numbers, Article numbers and Schedule numbers appearing in
      this Agreement are inserted for convenience of reference only and shall in
      no
      way define, limit, construe or describe the scope or intent of this Agreement
      nor in any way affect this Agreement.

    

    14.10  Currency.
      Unless
      otherwise stipulated, all references to money amounts herein shall be in lawful
      money of the United States.

    
      
         

      

      
        28

        
          

        

      

      
         

      

    

    

    

    

    14.11  Counterparts.
      This
      Agreement may be signed by the Parties hereto in as many counterparts as may
      be
      necessary, and via facsimile if necessary, each of which so signed being deemed
      to be an original and such counterparts together constituting one and the same
      instrument and, notwithstanding the date of execution, being deemed to bear
      the
      effective Execution Date as set forth on the front page of this
      Agreement.

    

    14.12  No
      Partnership or Agency.
      The
      Parties hereto have not created a partnership and nothing contained in this
      Agreement shall in any manner whatsoever constitute any Party the partner,
      agent
      or legal representative of any other Party, nor create any fiduciary
      relationship between them for any purpose whatsoever. No Party shall have any
      authority to act for, or to assume any obligations or responsibility on behalf
      of, any other party except as may be, from time to time, agreed upon in writing
      between the Parties or as otherwise expressly provided.

    

    14.13  Consents
      and Waivers.
      No
      consent or waiver expressed or implied by either Party hereto in respect of
      any
      breach or default by any other Party in the performance by such other of its
      obligations hereunder shall:

    

    
      	 	
              (a)

            	
              be
                valid unless it is in writing and stated to be a consent or waiver
                pursuant to this section;

            

    

    

    
      	 	
              (b)

            	
              be
                relied upon as a consent to or waiver of any other breach or default
                of
                the same or any other obligation;

            

    

    

    
      	 	
              (c)

            	
              constitute
                a general waiver under this Agreement;
                or

            

    

    

    
      	 	
              (d)

            	
              eliminate
                or modify the need for a specific consent or waiver pursuant to this
                section in any other or subsequent
                instance.

            

    

    

    IN
      WITNESS WHEREOF
      each of
      the Parties hereto has hereunto executed this Agreement as of the Execution
      Date
      as set forth on the front page of this Agreement.

    

    
      	
              MONGOLIA
                ENERGY LIMITED,

            	
              )

            
	
              the
                Company herein,

            	
              )

            
	 	
              )

            
	 	
              )

            
	
              Per:
                /s/ Anthony Tam

            	
              )

            
	
              Authorized
                Signatory

            	
              )

            
	 	 
	 	 
	
              URANIUM
                308 CORP.,
                the 

            	
              )

            
	
              Purchaser
                herein,

            	
              )

            
	 	
              )

            
	 	
              )

            
	
              Per:
                /s/ Dennis Tan

            	
              )

            
	
              Authorized
                Signatory

            	
              )

            

    

    
      
         

      

      
        29

        
          

        

      

      
         

      

    

    

    

    
      	 	 	 
	
              SIGNED
                and DELIVERED by

            	
              )

            	 
	
              LEIGH
                MARTIN,
                a
                Vendor 

            	
              )

            	 
	
              herein,
                in the presence of:

            	
              )

            	 
	 	
              )

            	 
	 
	
              )

            	 
	
              Witness
                Signature

            	
              )

            	
              /s/
                Leigh Martin

            
	 	
              )

            	
              LEIGH
                MARTIN

            
	 
	
              )

            	 
	
              Witness
                Address

            	
              )

            	 
	 	
              )

            	 
	 
	
              )

            	 
	
              Witness
                Name and Occupation

            	
              )

            	 
	 	 	 
	 	 	 
	
              SIGNED
                and DELIVERED by

            	
              )

            	 
	
              PETER
                CHEN,
                a
                Vendor 

            	
              )

            	 
	
              herein,
                in the presence of:

            	
              )

            	 
	 	
              )

            	 
	 
	
              )

            	 
	
              Witness
                Signature

            	
              )

            	
              /s/
                Peter Chen

            
	 	
              )

            	
               PETER
                CHEN

            
	 
	
              )

            	 
	
              Witness
                Address

            	
              )

            	 
	 	
              )

            	 
	 
	
              )

            	 
	
              Witness
                Name and Occupation

            	
              )

            	 
	 	 	 
	 	 	 
	
              SIGNED
                and DELIVERED by

            	
              )

            	 
	
              ANTHONY
                TAM,
                a
                Vendor 

            	
              )

            	 
	
              herein,
                in the presence of:

            	
              )

            	 
	 	
              )

            	 
	 
	
              )

            	 
	
              Witness
                Signature

            	
              )

            	
              /s/
                Anthony Tam

            
	 	
              )

            	
               ANTHONY
                TAM

            
	 
	
              )

            	 
	
              Witness
                Address

            	
              )

            	 
	 	
              )

            	 
	 
	
              )

            	 
	
              Witness
                Name and Occupation

            	
              )

            	 

    

    
      
         

      

      
        30

        
          

        

      

      
         

      

    

    

    Schedule
      A

    
 

    This
      is
      Schedule “A” to that certain Share Purchase Agreement among Uranium 308 Corp.,
      Mongolia Energy Limited and the vendor shareholders of Mongolia Energy
      Limited.

    

    

    Purchased
      Securities and Vendors

    

    

    
      	
              Authorized
                Capital:

            	
              50,000
                common shares

            
	 	 
	 	 
	 	 
	
              Issued
                Capital:

            	
              500
                common shares

            
	 	 
	 	 
	 	 
	
              Vendors:

            	 
	 	 
	
              Leigh
                Martin:

            	
              200
                common shares

            
	
              280
                Terry Road

            	 
	
              Hartford,
                CT

            	 
	
              USA
                06105

            	 
	 	 
	
              Peter
                Chen:

            	
              200
                common shares

            
	
              Block
                813, #13-24, 

            	 
	
              Jellicoe
                Road, Lavender Gardens,

            	 
	
              Singapore
                200813

            	 
	 	 
	
              Anthony
                Tam:

            	
              100
                common shares

            
	
              701
                Albion Plaza, 

            	 
	
              2-6
                Granville Road,

            	 
	
              Tsim
                Sha Tsui, Kowloon, Hong Kong

            	 

    

    

    
      
         

      

      
        31

        
          

        

      

      
         

      

    

    

    Schedule
      B

    
 

    This
      is
      Schedule “B” to that certain Share Purchase Agreement among Uranium 308 Corp.,
      Mongolia Energy Limited and the vendor shareholders of Mongolia Energy
      Limited.

    

    

    Financial
      Statements

    

    

    
      
         

      

      
        32

        
          

        

      

      
         

      

    

    

    Schedule
      C

    

     

    This
      is
      Schedule “C” to that certain Share Purchase Agreement among Uranium 308 Corp.,
      Mongolia Energy Limited and the vendor shareholders of Mongolia Energy
      Limited.

    

    

    Material
      Contracts

    

    

    
      
         

      

      
        33

        
          

        

      

      
         

      

    

    

    Schedule
      D

    

     

    This
      is
      Schedule “D” to that certain Share Purchase Agreement among Uranium 308 Corp.,
      Mongolia Energy Limited and the vendor shareholders of Mongolia Energy
      Limited.

    

    

    Encumbrances

    

    

    
      
         

      

      
        34

        
          

        

      

      
         

      

    

    

    Schedule
      E

    
 

    This
      is
      Schedule “E” to that certain Share Purchase Agreement among Uranium 308 Corp.,
      Mongolia Energy Limited and the vendor shareholders of Mongolia Energy
      Limited.

    

    

    Pending,
      Outstanding or Unresolved Claims or Greivances

    

    

    
      
         

      

      
        35

        
          

        

      

      
         

      

    

    

    Schedule
      F

     

    

    This
      is
      Schedule “F” to that certain Share Purchase Agreement among Uranium 308 Corp.,
      Mongolia Energy Limited and the vendor shareholders of Mongolia Energy
      Limited.

    

    

    Banks
      and Bank Accounts

    

    

    
      
         

      

      
        36

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