Document:

Exhibit 10

Exhibit 10.53

Purchase Agreement

This Purchase Agreement (“Agreement”) is made and entered as of the 12th day of June, 2008 by and between G2 Petroleum, LLC, a Delaware Corporation (“G2”) with principal office at 3000 N Garfield, Suite 210, Midland, Texas 79705and Hull Energy Corp, with principal office at 18851 NE 29th. Ave Aventura, FL 33009______________________________  (“HULL”).

Recitals:

A.

G2 is the owner of 100% of the Working Interests in the Leases  know as the North Diamond Springs Prospect located in Freemont County (T32, 33N – R90, 91W), Wyoming, pursuant to the Lease Assignments attached as Exhibit A here to(“Lease Assignments”).  All capitalized terms used herein shall have the meanings assigned to such terms in Section eleven (11) hereof.

a.

Diamond Springs: DOI / BLM Lease Serial Number W-150316 (Wind River Basin, Freemont County, Wyoming [T32,33N – R90,91W] as part of three [3] parcels and ten [10] sections), and as indicated on the leases as Attachment A representing 3317.32 acres of land.

i.

G2 owns 100% WI / 75% NRI

ii.

G2 has agreed to assign to HULL, and HULL has agreed to acquire 5% WI / 3.75% NRI

Now, Therefore, for good and valuable consideration, the sufficiency of which is hereby expressed, the parties agree as follows:

1.

Assignment of Leasehold Interest.

Upon payment and completion of other considerations detailed in Section 2:

a. G2 will assign to HULL or its appointed representatives 5% of the total Working Interest in said lease(s), and 3.75% of the Net Revenue Interest for said leases(s).

b. HULL or it appointed representative will transfer the appropriate funds in U.S. dollars to G2 of its appointed representative.

2.

Payment Obligation.

Payment and other considerations will be put forward as follows:

a. HULL’s total obligation for purchase of said lease(s) will be $250,000.00 USD

b. G2 will provide to HULL any and all documentation deemed reasonable and  legally acceptable to both HULL and HULL to allow for:

i.     G2 or it assigned representative will warrant good and marketable title or governmental representation of title to such lease(s) free and clear of liens and encumbrances.

ii.    .Provide all completed, signed and stamped (by approved governmental office) oil, gas or mineral lease assignments as listed in Section A above and Attachment A.

4.

Deposit.

All parties agree that no deposit is necessary, but will require all of the considerations put forward in section 2 to be held in escrow until a time of mutual satisfaction on the part of both parties to this agreement.

5.

Revenue Distribution.

 Upon commercial production of a well upon the Lease(s) assigned hereunder, G2 or its assigned representative and/or it assignees operator will prepare and file division orders with the state of Wyoming and/or the DOI / BLM reflecting the Lease(s) assignments as stipulated by attachment A.  

6. 

Representations of HULL.

HULL hereof represents and warrants to G2 that in connection with any sale or assignment of interests in the Leases, (i) it will not make any misrepresentation of a material fact or omit to make a statement that is necessary to make any other representation made by G2 not misleading.   HULL hereby indemnifies G2 against any loss, cost, expense or damages resulting from G2’s breach of a representation or warranty contained herein

7.

Representations of G2.

G2 hereby represents and warrants to HULL that, to the best of its knowledge, all logs, production data and reservoir analysis heretofore provided to HULL are complete and accurate and a list of each such document is attached as Schedule 1 hereto; provided, however, any projections supplied by G2 are based on the good faith estimates of G2 and C.P. Abrassart. – Geologist and are inherently subject to uncertainty.  HULL hereby indemnifies G2 against any loss, cost, expense or damages resulting from G2’s breach of representation or warranty contained herein.

8.

Costs and Expenses.

      Each party will bear its own costs and expenses, including but not limited to, accounting, legal and recording, in connection with the preparation of this Agreement and the consummation of the transactions contemplated hereunder.

9.

Definitions.

Capitalized terms used herein shall have the following meanings:

 Working Interest “WI”:

Net Revenue Interest “NRI”:

AFE” as defined in the Operating Agreement.

“Complete” or “Completion” as defined in the Operating Agreement.

“Recompletion” as defined in the Operating Agreement.

“Rework” as defined in the Operating Agreement.

“Working Interest” shall mean the ownership of an undivided share of an oil and gas lease, subject to all expenses of operating such oil and gas lease, and burdened by a pro-rata share of all non-Working Interests (i.e. royalty and over-riding royalty interests).

10.

Integrated Agreement. This Agreement, together with the Exhibits and Attachments hereto, represents the final understanding of the parties with respect to the subject matter contained herein, and may be amended only by a written agreement executed by each of the parties to be bound thereby.

11.

Binding Agreement.

  This Agreement is binding upon the parties and their permitted successors and assigns.

12.

Governing Law.

 This Agreement shall be construed in accordance with the laws of the State Delaware, the DOI and BLM.  

13

Arbitration.

            Any dispute hereunder shall be determined by binding arbitration before a three (3) member panel under the rules of the American Arbitration Association.  The party proposing the arbitration shall, in its notice to the other party, designate or arbitrator, and the other party shall have (30) days after receipt of notice of arbitration to designeate its own arbitrator.  The two (2) arbitrators so selected shall select a third arbitrator, or failing to agree on a third arbitrator, shall submit the selection to a federal judge sitting in Casper, Wyoming.  Each party shall bear its own arbitration expenses and the parties shall share the expense of the their arbitrator.

In Witness Whereof, the parties have executed this Agreement as of the day and year first above written.

G2 Petroleum, LLC.

By: Everett Willard Gray II

Name:   

Title: President

Date:  June 12, 2008

HULL Energy Corp.

By: Ronald Ratner__

Name: ______

Title: _CEO / President_______Filed by Bowne Pure Compliance

Exhibit 4.81

Cooperation Agreement on Monternet WAP Services dated April 27, 2007

Cooperation Agreement Between China Mobile Communications

Group Corporation and Monternet WAP Service Provider

Contract Registration No.: 2007110032013571

Party A: China Mobile Communications Group Corporation

Party B: Beijing Hutong Wuxian Technology Co., Ltd.

The parties hereto agree to establish cooperation in the principle of equality, mutual benefit and
win-win through friendly negotiation. This Agreement is hereby formulated to regulate the rights
and obligations of the parties hereto during their cooperation. This Agreement shall have the same
binding power upon Party A and Party B.

I. Cooperation Principle

The parties hereto shall cooperate in good faith in the area of mobile data internet services (WAP)
in the principle of benefit sharing, reciprocality and win-win. The parties hereto shall adhere to
their agreements and provide active cooperation with the other party’s work.

II. Cooperation Project

Party A, as the network operator, shall provide network platform and communication services, as
well as operational and interfacing specifications for Monternet WAP services to Party B; Party B,
as the service provider, shall develop and provide application content services in accordance with
the specifications provided by Party A. Party B may link its application content to Party A’s
Monternet WAP main website subject to testing and permit of Party A, the URL address of which is
http://wap.monternet.com.

III. Obligations of the Parties

(I) Party A’s Obligations

1. Party A shall use the promotional media under its control to promote and market Monternet WAP
main website to attract website visits.

2. Party A shall provide to Party B technical specifications and support for WAP connection, to
ensure Party B’s smooth connection with Party A’s Monternet WAP main website.

3. Party A shall provide to Party B necessary trainings as required by Party B.

4. Using the connection point of Party A’s WAP system firewall with Party B as the boundary, Party
A shall be responsible for the maintenance of all equipment on its own side to ensure the smooth
operation of such equipment.

5. Party A shall connect and make available Party B’s application services following Party A’s
testing of such services on its Monternet WAP main website.

6. Party A shall be responsible for daily maintenance of Monternet WAP main website, and be
responsible to address the technical breakdown caused by Party A, so as to ensure smooth operation
of application services.

 

 

 

7. Party A shall provide free-of-charge network connection point service to Party B and assist
Party B to cause its application service to be connected with Monternet WAP main website.

8. Party A shall be responsible to determining all of the targets for operation of WAP service, and
inform Party B of such targets in whole and without ambiguity. Party A shall also give Party B
reasonable time to realize such targets.

9. Party A shall be responsible to handle registration, log-on, verification and ID confirmation of
users and feedback-related data to Party B.

10. Party A shall count the volume of visits to Monternet WAP main website and provide the data to
Party B subject to Party B’s request.

11. For the services provided by Party B at the Monternet WAP main website, Party A shall collect
information service fees from its customers for their use of Party B’s services in light of the
pricing materials provided by Party B, and settle the fee with Party B pursuant to the provisions
under Section 6 of this Agreement.

12. Party A shall be responsible to respond to and address inquiries and complaints from customers.
Any failure caused by network, gateway or operation platform of Party A shall be immediately
addressed. For any failure caused by Party B, Party A shall communicate such failure to Party B and
cause Party B to address it immediately. If both Parties shall change the customer-service
interface and business model in the subsequent negotiations, they shall further define such changes
through supplemental agreements.

(II) Party B’s Obligations

1. Party B shall use all types of media under its control (including website, WAP site, plane media
and television etc.) to help China Mobile promote Monternet WAP main website (wap.monternet.com)
and application services thereon and to attract visits to and use of such website. Party B shall
secure prior consent from Party A before Party B uses Party A’s name and business mark in its
promotion of main Monternet WAP website; without prior written consent of Party A, Party B shall
not use the name of “China Mobile” or “Monternet” to conduct promotional activity unrelated to
Monternet WAP business in media.

2. Party B shall be responsible to provide application servers, application software, information
source, special line for application data and other necessary equipment to the satisfaction of
Party A on the basis of the parties’ cooperation project.

3. Party B shall provide active collaboration in Party A’s testing of connection points, and
undertake to connect to the Monternet WAP main website in accordance with WAP service and
interfacing specifications provided by Party A.

4. Using the connection point of Party A’s WAP system firewall with Party B as the boundary, Party
B shall be responsible for the maintenance of all equipment on its own side to ensure smooth
operation of such equipment.

5. Party B shall achieve the following network performance targets subject to Party A’s testing and
record-keeping:

 

 

 

	 	a.	 	connection success rate during busy hours not less than 98%;
	 
	 	b.	 	networking period (time for round-trip from WTBS Ping SP Server) not
exceeding 0.1 second;
	 
	 	c.	 	SP response time (from the issue of business request from WTBS to the
receipt of the response by WTBS) not exceeding 0.5 second.

6. Party B shall be responsible for immediately addressing the failure of application service
caused on its side, and taking practical measures to prevent the reoccurrence of such failure.
Party B shall be liable for any economic losses thus incurred by Party A or its customer.

7. Party B shall be responsible to negotiate and enter into commercial arrangements with direct
providers of the application contents. Party B shall ensure the information and service it provides
be subject to applicable State policies and regulations, do not infringe upon consumers’ interest,
intellectual property rights or relevant interest of any third party. Party B shall be solely
liable for any proceedings arising therefrom.

8. Party B shall ensure that the use of Party B’s services be free of any obstacles to customers at
the Monternet WAP main website. Unless permitted by Party A, Party B shall not require the users
who have logged on the Monternet WAP main website to undertake registration and verification, or
require the users to undertake prior registration outside of the Monternet WAP main website.

9. Party B shall ensure the contents it provides be valuable to the user and timely updated.

10. Party B shall not provide any other service to Party A’s customers through Party A’s WAP
website without prior written consent of Party A .

11. Party B shall not provide to any other telecommunication service operator the same content as
provided to Party A by any transmission means whatsoever; otherwise, Party A may terminate the
application services provided by Party B on Party A’s WAP main website and cease fee settlement
with Party B.

12. Party B shall discontinue any fee-based services on its own WAP website or other websites,
otherwise Party A may terminate the application services provided by Party B on Party A’s WAP main
website and cease fee settlement with Party B.

13. If, prior to cooperation with Party A, Party B has provided the same services on its own WAP
website or WAP web sites of Party A’s provincial subsidiaries, Party B shall in principle
discontinue such services but may add a link to the Monternet WAP main website with the original
website, otherwise Party A may terminate the services provided by Party B on Party A’s WAP main
website and cease fee settlement with Party B.

14. Party B shall provide linkage to the portal page of Monternet WAP main website
(http://wap.monternet.com) at its own WAP website, and recommend the Monternet application services
to users.

 

 

 

15. Party B may apply to provide its services at Party A’s main WAP website on a national or local
level. However, any service of the same type shall not be simultaneously provided on both the
national and local level, i.e., any service provided locally shall not be provided nationally and
vice versa, and any service provided provincially shall not be provided nationally by linking with
numerous provincial WAP websites of Party A; otherwise Party A may terminate Party B’s nationwide
service.

16. Without Party A’s written consent, Party B may not use its own brand or mark when providing its
application services on the Monternet WAP main website. Instead, Party B shall use the uniform mark
of the Monternet WAP main website.

17. The services provided by Party B on Party A’s WAP website shall not have linkage to the URL
address of Party B or any third party. Instead, all services should have linkage to return to the
portal page of the Monternet WAP website (http://wap.monternet.com).

18. Party B shall provide to Party A clearly and unambiguously all information required to
calculate fees for the services provided by Party B, and shall assume all economic and legal
liabilities related thereto.

19. Party B shall acquire the Business License (a Commercial Internet Information Service License )
approved and issued by the Ministry of Information Industry of People’s Republic of China (MII).
The coverage of Party B’s services shall be in compliance with the term and geographic coverage set
forth in Party B’s Business License for value-added services.

IV. Rights of the Parties

(I) Party A’s Rights

1. If there is any policy adjustment by the competent authority, Party A shall have the right to
inform Party B of the same, and make appropriate changes as required under the new policy.

2. Party A has the right to review or engage qualified institutions to review the information
provided by Party B and the content of Party B’s application services, and also inspect the
timeliness of the contents provided by Party B.

3. Party A has the right to refuse transmission or may delete information which contravenes State
directives, regulations and policies and other contents that Party A deems inappropriate, and
demand compensation for any adverse impact on Party A’s business and reputation.

4. Party A has the right to demand that Party B amend, modify and delete the above contents at
Party A’s own discretion.

5. Party A has the right to determine targets for the application services provided by Party B, and
review Party B’s performance in light of such targets. Party A has the right to require adjustment
or modification to services that failed to achieve such targets for three (3) months consecutively.
If no adjustment or modification is made, or the services still fail to achieve the targets after
adjustment or modification, Party A may cancel Party B’s qualification to provide services.

6. Party A shall have full discretion to determine the sequence of the services provided by Party B
on Party A’s WAP main website.

7. Party A has the right to give guidance and supervision of the pricing policy of Party B’s
service.

8. Party A has the right to obtain reasonable revenue. (Refer to Section 6 of this Agreement for
detailed allocation of revenue).

 

 

 

(II) Party B’s Rights

1. Party B has the right to provide nationwide service or a local service on Party A’s WAP main
website. Application to provide nationwide service shall be submitted to Party A, while application
to provide local service shall be submitted to Party A’s local subsidiaries. Party A will not
provide settlement services for local service; instead, Party B shall enter into separate agreement
with Party A’s local subsidiaries for fee settlement.

2. Party B has the right to determine the pricing of its services under Party A’s guidance.

3. Party B has the right to obtain data regarding customer visits to the Party B’s information and
application service contents through the network platform.

4. Without Party B’s consent or written authorization, Party A shall not transfer, release or
resell any information products provided by Party B to any other third party unrelated to this
Agreement by any means.

5. Party B shall have the right to obtain a reasonable share of the business revenue. Refer to
Section 6 of this Agreement for detailed allocation of revenue.

6. In case of significant discrepancy between the data of Party A and Party B, Party B may require
Party A to provide detailed statistical data for verification.

V. Confidentiality Clause

1. Either party shall maintain the confidentiality of Commercial Secrets and not disclose any such
Commercial Secrets to any person or entity. “Commercial Secrets” shall mean any relevant data,
price, quantity, technical scheme, terms and conditions to this Agreement and any other information
related to the businesses disclosed by either Party (“disclosing Party”) to the other Party
(“receiving Party”), including its parents, its subsidiaries and its affiliates.

2. Any information disclosed or may be disclosed by either Party to the other Party shall be the
Confidential Information to this Agreement. The receiving Party shall not disclose any such
Confidential Information to any other third party or for any purposes other than those specifically
set out in this Agreement.

3. Either party and its employees, representatives, agents and other advisors who need to know such
information to perform their responsibilities shall maintain the confidentiality obligations as
stringently as the terms provided in this Article.

4. The confidentiality obligations shall be effective during the Term of the Agreement and for one
(1) year thereafter.

VI. INTELLECTUAL PROPERTY

	1.	 	Party A authorize Party B to use Party A’s register trademark and company name for the
purpose of the terms and condition of this Agreement. Party B shall guarantee to employ Party
A’s register trademark and company name through correct and legitimate method, and shall not
amend, imply negative influence upon Party A’s overall image and other relative images, as
well as employ Party A’s register trademark and company name through any method for the
purpose outside of the terms and condition of this Agreement.

 

 

 

	2.	 	Party A shall provide to Party B, in accordance with the terms and conditions of this
Agreement, promotion materials, and the creation, design, graphic, picture, words, and etc
which contained in the promotion materials. Party A reserve all rights to the above promotion
materials, and without prior written consent from Party A, Party B shall not personally employ
or allow any third party to employ for any purpose outside of the terms and condition of this
Agreement.

	3.	 	Party B guarantee that the WAP content provided to Party B do not infringe upon other
intellectual property rights. Party B shall be hold responsible and shall resolve any
redemption or litigation incur or caused by such WAP content or by Party A employing such WAP
content, and Party B shall indemnify Party A for any loss incur.

VII. Revenue Sharing and Fee Settlement

1. Party A and Party B shall cooperate to provide WAP service to Party A’s customers, and both
parties are entitled to reasonable revenue which shall be calculated based on the data generated in
Party A’s billing system.

2. Fee settlement under this Agreement is applicable only to nationwide services provided by Party
B on Party A’s WAP main website, not to the local services provided by Party B at Party A’s local
websites.

3. Communication fees for use of Party A’s network resources to access WAP services shall be solely
owned by Party A.

4. The term of fee settlement shall commence as of the commencement of this project and end at the
expiration of this Agreement.

5. Party A’s billing system generates the fee receivable from its customers for use of Party B’s
services on Monternet WAP main website, of which 15% shall be Party A’s revenue of information fee,
and the remaining 85% be paid to Party B.

6. Prior to the twentieth (20) day of each month, Party A shall notify Party B of the revenue
amount (in which, already deducted compensation entitled by Party A for collecting the information
fee on behalf of Party B) payable to Party B in the preceding month, and Party B shall issue a
legitimate invoice according to this amount to Party A.

7. Within ten (10) business days after its receipt of such invoice, Party A shall remit the amount
payable to Party B in the preceding month to Party B’s designated account after audit check.

8. Party A and Party B shall pay any tax arising from WAP business revenue respectively.

9. The fee settlement between Party A and Party B shall be based on the data generated in Party A’s
billing system. If Party B has doubts on such data, Party A may provide a detailed schedule of
telephone fees and assist Party B to identify the cause therefore. However, no adjustment shall be
made to the settled amount for such month.

 

 

 

10. Party B shall provide its accurate bank account and related information to Party A:

Name of Beneficiary: Beijing Hutong Wuxian Technology Co., Ltd.

Opening Bank: Hua Xia Bank, Capital Gymnasium Sub-branch

Account No. 742-819935124

VIII. Force Majeure

1. If an event of Force Majeure occurs, include war, fire, flood, typhoons, earthquakes or any
instances, which prevents total or partial performance by either of the parties, a party’s
contractual obligations affected by such an event under this Agreement shall be automatically
extended for a period equal to the suspension caused by the Force Majeure.

2. “Force Majeure” shall mean all events which are beyond the control of the parties to this
Agreement, and which are unforeseen, unavoidable or insurmountable. The party claiming Force
Majeure shall promptly inform the other party by telegraph, telex or fax, and shall furnish within
fourteen (14) days thereafter authoritative proof of the occurrence and duration of such Force
Majeure by means of express or registered delivery for the other party’s review and confirmation.

3. A party may terminate the Agreement to the other party if the conditions or consequences of
Force Majeure, which have a material adverse effect on the affected party’s ability to perform,
continue for a period in excess of 120 days.

IX. Breach Liabilities

1. If either party breaches this Agreement and consequently causes this Agreement to become
unenforceable, the non-breaching party has the right to terminate this Agreement and hold the
breaching party liable for any loss thus incurred.

2. If either party breaches this Agreement and consequently causes adverse social impact or
economic losses on the other party, the non-breaching party may hold the breaching party liable,
require corresponding damages, or terminate this Agreement.

X. Dispute Resolution

1. If any dispute arises relating to performance of this Agreement, the parties hereto shall settle
it through equal consultation.

2. If the consultation fails to resolve the dispute, either party may submit the dispute to Beijing
Arbitration Commission for arbitration according to its present rules. The arbitration award is
final and legally binding upon both parties hereto.

XI. Term of this Agreement

1. This Agreement shall become effective as of the date on January 1, 2007, and valid on December
31, 2007.

2. This Agreement may be automatically null and void upon agreement by both parties during the term
of this Agreement.

 

 

 

3. If the occurrence of force majeure makes it impossible to continue performance of this
Agreement, this Agreement may be automatically terminated following settlement of all outstanding
accounts by both parties.

4. If the occurrence of a certain event makes it impossible for one party to continue performance
of this Agreement, and such event is foreseeable, such party shall notify such event to the other
party within five (5) working days after its reasonable forecast of such event, and cooperate with
the other party to complete all outstanding matters. If such party fails to notify the other party
of such event and thus make the other party suffer losses, such party shall indemnify the other
party correspondingly.

XII. Miscellaneous

1. Attachment to this Agreement, Monternet SP Cooperation Administrative Measures, WAP Handbook,
has the same legal effect as this Agreement.

2. Any outstanding matter shall be addressed by both parties through friendly negotiation.

3. This Agreement is made in duplicate and each party shall hold one copy. Each copy shall have the
same legal effect.

Party A; China Mobile Communications Group Corporation (seal)

Representative: Nianshu Gao

Date: April 27, 2007

Party B: Beijing Hutong Wuxian Technology Co., Ltd. (seal)

Representative: Hong Jiang

Date: April 27, 2007

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