Document:

EXHIBIT-10.1

                AMENDED AND RESTATED CERTIFICATE OF INCORPORATION

                                       OF

                           SOYODO GROUP HOLDINGS, INC.

It is hereby certified that:

1. The present name of the corporation (hereinafter called the "Corporation") is
Soyodo Group Holdings, Inc. The date of filing the original certificate of
incorporation of the Corporation with the Secretary of State of the State of
Delaware is February 11, 2003.

2. The certificate of incorporation of the Corporation, as previously amended,
is hereby amended by striking out the previous Articles in their entirety and by
substituting in lieu thereof new Articles which are set forth in the Amended and
Restated Certificate of Incorporation hereinafter provided for.

3. The provisions of the certificate of incorporation of the Corporation as
heretofore amended are hereby restated and integrated into the single instrument
which is hereinafter set forth, and which is entitled Amended and Restated
Certificate of Incorporation of Top Group Holdings, Inc. without any further
amendments and without any discrepancy between the provisions of the certificate
of incorporation as heretofore amended and the provisions of the said single
instrument hereinafter set forth.

4. The amendments to and restatement of the certificate of incorporation herein
certified have been duly adopted by the stockholders in accordance with the
provisions of Section 228 of the General Corporation Law of the State of
Delaware.

5. This Amended and Restated Certificate of Incorporation was duly adopted by
the Board of Directors of the Corporation in accordance with Sections 242 and
245 of the General Corporation Law of the State of Delaware.

THE CERTIFICATE OF INCORPORATION OF THE CORPORATION, AS AMENDED AND RESTATED
HEREIN, SHALL AT THE EFFECTIVE TIME OF THIS AMENDED AND RESTATED CERTIFICATE OF
INCORPORATION, READ AS FOLLOWS:

FIRST: The name of the corporation is SOYODO GROUP HOLDINGS, INC. (the
"Corporation").

SECOND: The address of the Corporation's registered office in the State of
Delaware is 874 Walker Road, Suite C, Dover, Delaware 19904, County of Kent. The
name of its registered agent at such address is the United Corporate Services,
Inc.

THIRD: The purposes of the Corporation are to engage in any lawful act or
activity for which corporations may be organized under the General Corporation
Law.

FOURTH: The total number of shares of all classes of stock which the Corporation
shall have authority to issue is 12,000,000 shares of common stock, $.0001 par
value per share ("Common Stock").

FIFTH: The Corporation is to have perpetual existence.

SIXTH: For the management of the business and for the conduct of the affairs of
the Corporation, and in further definition and not in limitation of the powers
of the Corporation and of its directors and of its stockholders or any class
thereof, as the case may be, conferred by the State of Delaware, it is further
provided that:

(A) The management of the business and the conduct of the affairs of the
Corporation shall be vested in its Board of Directors. The number of directors
that shall constitute the whole Board of Directors shall be fixed by, or in the
manner provided in, the Bylaws. The phrase "whole Board" and the phrase "total
number of directors" shall be deemed to have the same meaning, to wit, the total
number of directors, which the Corporation would have if there were no
vacancies. No election of directors need be by written ballot.

(B) After the original or other Bylaws of the Corporation have been adopted,
amended or repealed, as the case may be, in accordance with the provisions of
Section 109 of the General Corporation Law, and, after the Corporation has
received any payment for any of its stock, the power to adopt, amend, or repeal
the Bylaws of the Corporation may be exercised by the Board of Directors of the
Corporation.

(C) The books of the Corporation may be kept at such place within or without the
State of Delaware as the Bylaws of the Corporation may provide or as may be
designated from time to time by the Board of Directors of the Corporation.

                                        1
<PAGE>

SEVENTH: The Corporation shall, to the fullest extent permitted by Section 145
of the General Corporation Law, as the same may be amended and supplemented from
time to time, indemnify and advance expenses to (i) its directors and officers,
and (ii) any person who at the request of the Corporation is or was serving as a
director, officer, employee or agent of another corporation, partnership, joint
venture, trust or other enterprise, from and against any and all of the
expenses, liabilities, or other matters referred to in or covered by said
section as amended or supplemented (or any successor); provided, however, that
except with respect to proceedings to enforce rights to indemnification, the
Bylaws of the Corporation may provide that the Corporation shall indemnify any
director, officer or such person in connection with a proceeding (or part
thereof) initiated by such director, officer or such person only if such
proceeding (or part thereof) was authorized by the Board of Directors of the
Corporation. The Corporation, by action of its Board of Directors, may provide
indemnification or advance expenses to employees and agents of the Corporation
or other persons only on such terms and conditions and to the extent determined
by the Board of Directors in its sole and absolute discretion. The
indemnification provided for herein shall not be deemed exclusive of any other
rights to which those indemnified may be entitled under any bylaw, agreement,
vote of stockholders or disinterested directors or otherwise, both as to action
in their official capacity and as to action in another capacity while holding
such office, and shall continue as to a person who has ceased to be a director,
officer, employee, or agent and shall inure to the benefit of the heirs,
executors and administrators of such a person.

EIGHTH: No director of the Corporation shall be liable to the Corporation or any
of its stockholders for monetary damages for breach of fiduciary duty as a
director, provided that this provision does not eliminate or limit the liability
of the director (i) for any breach of the director's duty of loyalty to the
Corporation or its stockholders, (ii) for acts or omissions not in good faith or
which involve intentional misconduct or a knowing violation of law, (iii) under
Section 174 of the General Corporation Law, or (iv) for any transaction from
which the director derived an improper personal benefit. For purposes of the
prior sentence, the term "damages" shall, to the extent permitted by law,
include without limitation, any judgment, fine, amount paid in settlement,
penalty, punitive damages, excise or other tax assessed with respect to an
employee benefit plan, or expense of any nature (including, without limitation,
reasonable counsel fees and disbursements). Each person who serves as a director
of the Corporation while this Article NINTH is in effect shall be deemed to be
doing so in reliance on the provisions of this Article NINTH, and neither the
amendment or repeal of this Article NINTH, nor the adoption of any provision of
this Certificate of Incorporation inconsistent with this Article NINTH, shall
apply to or have any effect on the liability or alleged liability of any
director of the Corporation for, arising out of, based upon, or in connection
with any acts or omissions of such director occurring prior to such amendment,
repeal, or adoption of an inconsistent provision. The provisions of this Article
NINTH are cumulative and shall be in addition to and independent of any and all
other limitations on or eliminations of the liabilities of directors of the
Corporation, as such, whether such limitations or eliminations arise under or
are created by any law, rule, regulation, bylaw, agreement, vote of stockholders
or disinterested directors, or otherwise.

NINTH: Whenever a compromise or arrangement is proposed between this Corporation
and its creditors or any class of them and/or between the Corporation and its
stockholders or any class of them, any court of equitable jurisdiction within
the State of Delaware may, on the application in a summary way of this
Corporation or of any creditor or stockholder thereof or on the application of
any receiver or receivers appointed for this Corporation under the provisions of
Section 291 of the General Corporation Law or on the application of trustees in
dissolution or of any receiver or receivers appointed for this Corporation under
the provisions of Section 279 of the General Corporation Law order a meeting of
the creditors or class of creditors, and/or of the stockholders or class of
stockholders of this Corporation, as the case may be, to be so summoned in such
manner as the said court directs. If a majority in number representing
three-fourths in value of the creditors or class of creditors, and/or the
stockholders or class of stockholders of this Corporation, as the case may be,
agree to any compromise or arrangement and to any reorganization of this
Corporation as consequence of such compromise or arrangement, the said
compromise or arrangement and the said reorganization shall, if sanctioned by
the court to which the said application has been made, be binding on all the
creditors or class of creditors, and/or on all the stockholders or class of
stockholders, of this Corporation, as the case may be, and also on this
Corporation.

TENTH: From time to time any of the provisions of this Certificate of
Incorporation may be amended, altered or repealed, and other provisions
authorized by the laws of the State of Delaware at the time in force may be
added or inserted in the manner and at the time prescribed by said laws, and all
rights at any time conferred upon the stockholders of the Corporation by this
Certificate of Incorporation are granted subject to the provisions of this
Article.

IN WITNESS WHEREOF, the undersigned hereby declares and certifies that the facts
herein stated are true, and accordingly have hereunto set my hand this 1st day
of June 2006.

                                /s/ RU-HUA SONG
                                ----------------------
                                Ru-Hua Song, President

                                        2Unassociated Document

    Exhibit
      10.32

    

    SUBSCRIPTION
      AGREEMENT

    

    IGNIS
      PETROLEUM GROUP, INC.

    

    April
      19,
      2006

    

    Ignis
      Petroleum Group, Inc.

    100
      Crescent Court, 7th
      Floor

    Dallas,
      Texas 75201

    

    

    The
      undersigned, Petrofinanz
      GmbH
      (the
“Subscriber”)
      understands that Ignis Petroleum Group, Inc., a Nevada Corporation (the
“Company”),
      is
      offering for sale to the undersigned shares of the Company’s common stock, par
      value $0.001 per share (the “Common
      Stock”),
      at a
      purchase price of $1.10 per share, which is equal to the bid price per share
      of
      the Common Stock as quoted by Bloomberg, LP at the close of business on the
      date
      hereof (the “Bid
      Price”).
      The
      Subscriber agrees to purchase the Common Stock upon the terms and conditions
      set
      forth herein. The Subscriber acknowledges and understands that the offering
      of
      the Common Stock (the “Offering”)
      is
      being made without registration of the Common Stock under the Securities Act
      of
      1933, as amended (the “Act”),
      or
      any securities “blue sky” or other similar laws of any state (“State
      Securities Laws”).
      

    

    
      	
              1.

            	
              Subscription.
                Subject to the terms and conditions hereof and effective as of the
                close
                of business on the date hereof, the Subscriber hereby subscribes
                for and
                agrees to purchase $200,000 (the “Purchase
                Price”)
                worth of Common Stock at the Bid Price per share, upon acceptance
                of this
                Subscription Agreement by the
                Company.

            

    

    

    
      	
              2.

            	
              Payment
                for the Common Stock.
                The undersigned shall deliver the Purchase Price to the Company via
                cash,
                check or wire transfer on or before April 19, 2006. Upon receipt
                of the
                Purchase Price and acceptance of this Subscription Agreement, the
                Company
                shall deliver to the Subscriber a certificate representing 181,818
                shares
                of Common Stock. If this subscription is not accepted by the Company
                for
                any reason, all documents will be returned to the
                Subscriber.

            

    

    

    
      	
              3.

            	
              Representations
                and Warranties of the Subscriber.
                The Subscriber hereby represents and warrants to and covenants with
                the
                Company, as well as each officer, director and agent of the Company
                as
                follows:

            

    

    

    (a) General.

    

    (i) The
      Subscriber has all requisite authority to enter into this Subscription Agreement
      and to perform all the obligations required to be performed by the Subscriber
      hereunder.

    

    (ii)
       The
      Subscriber is the sole party in interest and is not acquiring the Common Stock
      as an agent or otherwise for any other person. The Subscriber resides at the
      location set forth opposite its name on the signature page hereto and it has
      its
      principal office at such location.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    

    (iii)
       The
      Subscriber recognizes that the total amount of funds tendered to purchase the
      Common Stock is placed at the risk of the business and may be completely lost.
      The purchase of the Common Stock of the Company as an investment involves
      extreme risk.

    

    (iv)
       The
      Subscriber realizes that the Common Stock cannot readily be sold as the shares
      of Common Stock are restricted securities, that it may not be possible to sell
      or dispose of the Common Stock and therefore the Common Stock must not be
      purchased unless the Subscriber has liquid assets sufficient to assure that
      such
      purchase will cause no undue financial difficulties and the Subscriber can
      provide for current needs and personal contingencies.

    

    (v)
       The
      Subscriber confirms and represents that it is able (a) to bear the economic
      risk
      of this investment, (b) to hold the Common Stock for an indefinite period of
      time, and (c) to afford a complete loss of this investment. The Subscriber
      also
      represents that it has (x) adequate means of providing for its current needs
      and
      personal contingencies, and (y) has no need for liquidity in this particular
      investment. 

    

    (vi)
       The
      Subscriber has not become aware of the Offering by any form of general
      solicitation or advertising, including, but not limited to advertisements,
      articles, notices or other communications published in any newspaper, magazine
      or other similar media or broadcast over television or radio or any seminar
      or
      meeting where those individuals that have attended have been invited by any
      such
      or similar means of general solicitation or advertising.

    

    (vii)
       Subscriber
      is purchasing the Common Stock for its own account, for investment purposes
      only
      and not with view to any public resale or other distribution thereof. Subscriber
      acknowledges that it is an Accredited Investor as that term is defined in Rule
      501(a) of Regulation D of the Act. Subscriber and its representatives have
      received, or have had access to, and have had sufficient opportunity to review,
      all books, records, financial information and other information which Subscriber
      considers necessary or advisable to enable it to make a decision concerning
      its
      purchase of the Common Stock, and that it possesses such knowledge and
      experience in financial and business matters that it is capable of evaluating
      the merits and risks of its investment hereunder. 

    

    Additionally,
      the Subscriber understands that any sale by the Subscriber of any of the shares
      of Common Stock purchased under this Agreement will, under current law, require
      either: (a) the registration of the Common Stock under the Act and applicable
      state securities acts; (b) compliance with Rule 144 of the Act; or (c) the
      availability of an exemption from the registration requirements of the Act.
      The
      Subscriber understands that the Company has not undertaken and does not
      presently intend to file a Registration Statement to register the Common Stock
      purchased hereunder. The Subscriber hereby agrees to execute, deliver, furnish
      or otherwise provide to the Company an opinion of counsel reasonably acceptable
      to the Company prior to any subsequent transfer of the Common Stock, that such
      transfer will not violate the registration requirements of the federal or state
      securities acts. The Subscriber further agrees to execute, deliver, furnish
      or
      otherwise provide to the Company any documents or instruments as may be
      reasonably necessary or desirable in order to evidence and record the Common
      Stock acquired hereby.

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    

    

    To
      assist
      in implementing the above provisions, the Subscriber hereby consents to the
      placement of the legend, or a substantially similar legend, set forth below,
      on
      all certificates representing ownership of the Common Stock acquired hereby
      until the Common Stock has been sold, transferred, or otherwise disposed of,
      pursuant to the requirements hereof. The legend shall read substantially as
      follows:

     

    “THE
      SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
      ACT
      OF 1933, AS AMENDED, OR ANY APPLICABLE STATE SECURITIES LAWS, NOR THE LAWS
      OF
      ANY OTHER JURISDICTION. THEY MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED,
      ASSIGNED, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION
      STATEMENT UNDER THOSE SECURITIES LAWS OR AN OPINION OF COUNSEL, REASONABLY
      SATISFACTORY TO THE COMPANY, THAT THE SALE OR TRANSFER IS PURSUANT TO AN
      EXEMPTION TO THE REGISTRATION REQURIEMENTS OF THOSE SECURITIES LAWS, INCLUDING
      COMPLIANCE WITH REGULATION S OF THE SECURITIES ACT OF 1933, AS
      AMENDED.”

    

    (viii) Subscriber
      Information.
      Subscriber further confirms and represents hereby that:

    

    a. Subscriber
      understands that the shares of Common Stock have not been approved or
      disapproved by the United States Securities and Exchange Commission (the
“SEC”)
      or any
      foreign securities agencies and no registration statement has been filed with
      any regulatory agency;

    

    b. Subscriber
      is not an underwriter and would be acquiring the Common Stock solely for
      investment for its own account and not with a view to, or for, resale in
      connection with any distribution with in the meaning of the federal securities
      act, the state securities acts or any other applicable state securities
      acts;

    

    c. The
      undersigned Subscriber is not a person in the United States of America and
      at
      the time the buy order was originated, the Subscriber was outside the United
      States of America. The undersigned Subscriber is not a citizen of the United
      States (a “U.S.
      Person”)
      as
      that term is defined in Regulation S of the Act, was not formed by a U. S.
      Person principally for the purpose of investing in securities not registered
      under the Act, and is not acquiring the Common Stock for the account or benefit
      of any U. S. Person;

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    

    

    d. The
      undersigned Subscriber understands the speculative nature and risks of
      investments associated with the Company, and confirms that the Common Stock
      would be suitable and consistent with its investment program and that its
      financial position enable it to bear the risks of this investment;

    

    e. To
      the
      extent that any federal, and/or state securities laws shall require, the
      Subscriber hereby agrees that any securities acquired pursuant to this Agreement
      shall be without preference as to assets;

    

    f. The
      certificate for the shares of Common Stock will contain a legend that transfer
      is prohibited except in accordance with the provisions of Regulation
      S;

    

    g. The
      Subscriber has had the opportunity to ask questions of the Company and has
      received all information from the Company to the extent that the Company
      possessed such information, necessary to evaluate the merits and risks of any
      investment in the Company; 

    

    h. The
      Subscriber has satisfied the suitability standards and securities laws imposed
      by government of its organization;

    

    i. The
      Subscriber has adequate means of providing for its current needs and
      contingencies and has no need to sell the Common Stock in the foreseeable future
      (that is at the time of the investment, Subscriber can afford to hold the
      investment for an indefinite period of time); 

    

    j. The
      Subscriber has sufficient knowledge and experience in financial matters to
      evaluate the merits and risks of this investment and further, the Subscriber
      is
      capable of reading and interpreting financial statements. Further, Subscriber
      is
      an “Accredited Investor” as that term is defined in applicable court cases and
      the rules, regulations and decisions of the SEC.

    

    k.
       The
      offer
      and sale of the Common Stock referred to herein is being made outside the United
      States within the meaning of and in full compliance with Regulation S;
      and

    

    m. The
      Subscriber agrees to resell the Common Stock only in accordance with the
      provisions of Regulation S, pursuant to registration under the Act or pursuant
      to an available exemption from registration.

    

    

    (b) Information
      Concerning the Company.

    

    (i)
       The
      Subscriber acknowledges that it has received all current information about
      the
      Company including the Company’s Form 10-KSB for the fiscal year ended June 30,
      2005 and the Company’s Forms 10-QSB for the fiscal quarters ended September 30,
      2005 and December 31, 2005 (collectively, the “Filed
      Documents”).

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    

    

    (ii) The
      Subscriber or its representative is familiar with the business and financial
      condition, properties, operations and prospects of the Company, and, at a
      reasonable time prior to the execution of this Subscription Agreement, the
      Subscriber and its representatives have been afforded the opportunity to ask
      questions of and receive satisfactory answers from the Company’s officers and
      directors, or other persons acting on the Company’s behalf, concerning the
      business and financial condition, properties, operations and prospects of the
      Company and concerning the terms and conditions of the offering of the Common
      Stock and has asked such questions as it or its representative desires to ask
      and all such questions have been answered to the full satisfaction of the
      Subscriber.

    

    (iii) The
      Subscriber has been furnished, has carefully read, and has relied solely (except
      for information obtained pursuant to (iv) below, on the information contained
      in
      the Filed Documents, and Subscriber has not received any other offering
      literature or prospectus, and no verbal or written representations or warranties
      have been made to Subscriber by the Company, or its employees or agents, other
      than the representations of the Company set forth herein and in the Filed
      Documents.

    

    (iv) The
      Subscriber has had an unrestricted opportunity to: (A) obtain additional
      information concerning the offering of Common Stock, the Company and any other
      matters relating directly or indirectly to Subscriber’s purchase of the Common
      Stock; and (B) ask questions of, and receive answers from the Company concerning
      the terms and conditions of the Offering and to obtain such additional
      information as may have been necessary to verify the accuracy of the information
      contained in the Filed Documents.

    

    (v)
       The
      Subscriber understands that, unless the Subscriber notifies the Company in
      writing to the contrary, all the representations and warranties contained in
      this Subscription Agreement will be deemed to have been reaffirmed and
      confirmed, taking into account all information received by the
      Subscriber.

    

    (vi)
       The
      Subscriber understands that the purchase of the Common Stock involves various
      risks, including, but not limited to, those outlined in this Subscription
      Agreement.

    

    (vii)
       The
      Subscriber acknowledges that no representations or warranties have been made
      to
      the Subscriber by the Company as to the tax consequences of this investment,
      or
      as to profits, losses or cash flow which may be received or sustained as a
      result of this investment.

    

    (viii)
       All
      documents, records and books pertaining to a proposed investment in the Common
      Stock which the Subscriber or its representative have requested have been made
      available to the Subscriber.

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    

    

    (ix)
       The
      Subscriber or its representative has been provided access to all information
      requested in evaluating its purchase of the Common Stock. 

    

    (c) Status
      of the Subscriber.
      The
      Subscriber represents that the Subscriber is an “Accredited Investor” (check
      each category of “Accredited Investor” below which is applicable to the
      Subscriber):

    

    (
      ) (A) a
      natural
      person whose individual net worth, or joint net worth with that person’s spouse,
      at the time of his purchase exceeds $1,000,000;

    

    (
      ) (B) a
      natural
      person who had an individual income in excess of $200,000 in each of the two
      most recent years or joint income with that person’s spouse in excess of
      $300,000 in each of those years and has a reasonable expectation of reaching
      the
      same income level in the current year.

    

    (
      ) (C) a
      bank as
      defined in Section 3(a)(2) of the Act or a savings and loan association or
      other
      institution as defined in Section 3(a)(5)(A) of the Act, whether acting in
      its
      individual or fiduciary capacity; broker or dealer registered pursuant to
      Section 15 of the Securities Exchange Act of 1934, as amended; an insurance
      partnership as defined in Section 2(13) of the Act; an investment company
      registered under the Investment Company Act of 1940 (the “1940
      Act”)
      or
      business development company as defined in Section 2(a)(48) of the 1940 Act;
      a
      Small Business Company licensed by the U.S. Small Business Administration under
      Section 301(c) or (d) of the Small Investment Act of 1958; a plan established
      and maintained by a state, its political subdivisions, or any agency or
      instrumentality of a state or its political subdivisions, for the benefit of
      its
      employees if such plan has total assets in excess of $5,000,000; or an employee
      benefit plan within the meaning of the Employee Retirement Income Security
      Act
      of 1974 (“ERISA”),
      if
      the investment decision is made by a plan fiduciary, as defined in Section
      3(21)
      of ERISA, which fiduciary is either a bank, savings and loan association,
      insurance company or registered investment adviser, or if the employee benefit
      plan has total assets in excess of $5,000,000 or, if a self-directed plan,
      with
      investment decisions made solely by persons that are Accredited Investors (as
      listed in categories (A) - (G));

    

    (
      ) (D) a
      private
      business development company as defined in Section 202(a) (22) of the Investment
      Advisors Act of 1970;

    

    (
      ) (E) an
      organization described in Section 501(c)(3) of the Internal Revenue Code, a
      corporation, Massachusetts or similar business trust, or a partnership, with
      total assets in excess of $5,000,000, and which was not formed for the specific
      purpose of acquiring the Common Stock;

    

    (
      ) (F) a
      trust,
      with total assets in excess of $5,000,000 not formed for the specific purposes
      of acquiring the Common Stock whose purchase is directed by a person who has
      such knowledge and experience in financial and business matters that he is
      capable of evaluating the merits and risks of an investment in the Common Stock;
      and

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    

    

    (
      ) (G) an
      entity
      in which all of the equity owners are Accredited Investors (as listed in
      categories (A) - (F)) or is an Accredited Investor defined by Regulation
      D. 

    

    The
      Subscriber agrees to furnish any additional information requested to assure
      compliance with applicable Federal and State Securities Laws in connection
      with
      the purchase and sale of the Common Stock.

    

    (d) Restrictions
      on Transfer or Sale of the Common Stock.

    

    (i)
       The
      Subscriber is acquiring the Common Stock subscribed solely for the Subscriber’s
      own beneficial account, for investment purposes, and not with view to, or for
      resale in connection with, any distribution of the Common Stock. The Subscriber
      understands that the offer and the sale of the Common Stock has not been
      registered under the Act or any State Securities Laws by reason of specific
      exemptions under the provisions thereof which depend in part upon the investment
      intent of the Subscriber and of the other representations made by the Subscriber
      in this Subscription Agreement. The Subscriber understands that the Company
      is
      relying upon the representations, covenants and agreements contained in this
      Subscription Agreement (and any supplemental information) for the purposes
      of
      determining whether this transaction meets the requirements for such
      exemptions.

    

    (ii)
       The
      Subscriber understands that the Common Stock are “restricted securities” under
      applicable federal securities laws and that the Act and the rules of the SEC
      provide in substance that the Subscriber may dispose of the Common Stock only
      pursuant to an effective registration statement under the Act or an exemption
      therefrom. The certificates evidencing the shares of Common Stock issued
      pursuant to the Offering will bear a legend which clearly sets forth this
      restriction. The Subscriber understands that the Subscriber may not at any
      time
      demand the purchase by the Company of the Subscriber’s Common
      Stock.

    

    (iii)
       The
      Subscriber agrees: (A) that the Subscriber will not sell, assign, pledge, give,
      transfer or otherwise dispose of the Common Stock or any interest therein,
      or
      make any offer or attempt to do any of the foregoing, except pursuant to a
      registration of the Common Stock under the Act and all applicable State
      Securities Laws or in a transaction which is exempt from the registration
      provisions of the Act and all applicable State Securities Laws; (B) that the
      Company and any transfer agent shall not be required to give effect to any
      purported transfer of any of the Common Stock except upon compliance with the
      foregoing restrictions; and (C) that a restrictive legend will be placed on
      the
      certificate(s) representing any portion of the Common Stock.

    

    (iv)
       The
      Subscriber has not offered or sold any portion of the subscribed for Common
      Stock and has no present intention of dividing such Common Stock with others
      or
      of reselling or otherwise disposing of any portion of such Common Stock either
      currently or after the passage of a fixed or determinable period of time or
      upon
      the occurrence or nonoccurrence of any predetermined event or
      circumstance.

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    

    

    
      	
              4.

            	
              Survival
                and Indemnification.
                All representations, warranties and covenants contained in this Agreement
                and the indemnification contained in this Paragraph 4 shall survive
                (i)
                the acceptance of the Subscription Agreement by the Company and (ii)
                the
                death or disability of the Subscriber. The Subscriber acknowledges
                the
                meaning and legal consequences of the representations, warranties
                and
                covenants in Paragraph 3 hereof and that the Company has relied upon
                such
                representations, warranties and covenants in determining the Subscriber’s
                qualification and suitability to purchase the Common Stock. The Subscriber
                hereby agrees to indemnify, defend and hold harmless the Company,
                and its
                officers, directors, employees, agents and controlling persons, from
                and
                against any and all losses, claims, damages, liabilities, expenses
                (including attorneys’ fees and disbursements), judgment or amounts paid in
                settlement of actions arising out of or resulting from the untruth
                of any
                representation herein or the breach of any warranty or covenant herein.
                Notwithstanding the foregoing, however, no representation, warranty,
                covenant or acknowledgment made herein by the Subscriber shall in
                any
                manner be deemed to constitute a waiver of any rights granted to
                it under
                the Act or State Securities Laws.

            

    

    

    
      	
              5.

            	
              Notices.
                All notices and other communications provided for herein shall be
                in
                writing and shall be deemed to have been duly given if delivered
                personally or sent by registered or certified mail, return receipt
                requested, postage prepaid, or overnight air courier guaranteeing
                next day
                delivery:

            

    

    

    (a) if
      to the
      Company, to it at the following address:

    

    Ignis
      Petroleum Group, Inc.

    100
      Crescent Court, 7th
      Floor

    Dallas,
      Texas 75201

    Attn:
      President

    

    
      	 	
              (b)

            	
              if
                to the Subscriber, at the address set forth on the last page hereof
                or
                directly to the Subscriber at the address set forth on the signature
                page
                hereto, or at such other address as either party shall have specified
                by
                notice in writing to the other.

            

    

    

    All
      notice and communications shall be deemed to have been duly given: at the time
      delivered by hand, if personally delivered; two days after being deposited
      in
      the mail, postage prepaid, if mailed; and the next day after timely delivery
      to
      the courier, if sent by overnight air courier guaranteeing next day
      delivery.

    

    If
      a
      notice or communication is mailed in the manner provided above within the time
      prescribed, it is duly given, whether or not the addressee receives
      it.

    

    
      	
              6.

            	
              Assignability.
                This Subscription Agreement is not assignable by the Subscriber,
                and may
                not be modified, waived or terminated except by an instrument in
                writing
                signed by each of the parties
                hereto.

            

    

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    

    
      	
              7.

            	
              Binding
                Effect.
                Except as otherwise provided herein, this Subscription Agreement
                shall be
                binding upon and inure to the benefit of the parties and their heirs,
                executors, administrators, successors, legal representatives and
                assigns,
                and the agreements, representations, warranties and acknowledgments
                contained herein shall be deemed to be made by and be binding upon
                such
                heirs, executors, administrators, successors, legal representatives
                and
                assigns. If the Subscriber is more than one person, the obligation
                of the
                Subscriber shall be joint and several and the agreements, representations,
                warranties and acknowledgments contained herein shall be deemed to
                be made
                by and be binding upon each such person and its heirs, executors,
                administrators and successors.

            

    

    

    
      	
              8.

            	
              Entire
                Agreement.
                This Subscription Agreement constitutes the entire agreement of the
                Subscriber and the Company relating to the matters contained herein,
                superseding all prior contracts or agreements, whether oral or
                written.

            

    

    

    
      	
              9.

            	
              Governing
                Law.
                This Subscription Agreement shall be governed and controlled as to
                the
                validity, enforcement, interpretations, construction and effect and
                in all
                other aspects by the substantive laws of the State of Nevada. In
                any
                action between or among any of the parties, whether arising out of
                this
                Agreement or otherwise, each of the parties irrevocably consents
                to the
                exclusive jurisdiction and venue of the federal and state courts
                located
                in Dallas County, Texas.

            

    

    

    
      	
              10.

            	
              Severability.
                If any provision of this Subscription Agreement or the application
                thereof
                to any Subscriber or circumstance shall be held invalid or unenforceable
                to any extent, the remainder of this Subscription Agreement and the
                application of such provision to other subscriptions or circumstances
                shall not be affected thereby and shall be enforced to the greatest
                extent
                permitted by law.

            

    

    

    
      	
              11.

            	
              Headings.
                The headings in this Subscription Agreement are inserted for convenience
                and identification only and are not intended to describe, interpret,
                define, or limit the scope, extent or intent of this Subscription
                Agreement or any provision hereof.

            

    

    

    
      	
              12.

            	
              Counterparts
                and Facsimiles.
                This Subscription Agreement may be executed in multiple counterparts
                and
                in any number of counterparts, each of which shall be deemed an original
                but all of which taken together shall constitute and be deemed to
                be one
                and the same instrument and each of which shall be considered and
                deemed
                an original for all purposes. This Agreement shall be effective with
                the
                facsimile signature of any of the parties set forth below and the
                facsimile signature shall be deemed as an original signature for
                all
                purposes and the Agreement shall be deemed as an original for all
                purposes.

            

    

    

    

    [Signature
      page follows.]

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

    IN
      WITNESS WHEREOF,
      the
      undersigned Subscriber has executed this Subscription Agreement as of the date
      first written above.

    
      	 	 
	 	
              PETROFINANZ
                GMBH

            
	 	 
	 	 
	 	
              By:
                /s/
                DAVID CRAVEN

            
	 	
              Name:
                David
                Craven

            
	 	
              Title:
                Director

            
	 	 
	 	
              Address:
                Trust Company Complex

            
	 	
              Ajeltake
                Road

            
	 	
              Ajeltake
                Island

            
	 	
              Majuro,
                Marshall Islands MH 96960

            

    

    

    

    

    

    ACCEPTED
      by the
      Company as of the date first written above. 

    

    IGNIS
      PETROLEUM GROUP, INC.

    

    

    By:
      /s/
      MICHAEL P. PIAZZA

    Name:
       Michael
      P. Piazza

    Title:
       President,
      Chief Executive Officer 

    and
      Treasurer

    

    

    
      
         

      

      
        10

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