Document:

ASSET PURCHASE AGREEMENT

                 THIS  ASSET  PURCHASE   AGREEMENT  made  on  this  1s`  day  of
September, 2006 (the "Effective Date").

 BETWEEN:

                 QUANTUM  ENERGY  INC., a company  duly  incorporated  under the
                 laws of Nevada and having its mailing address  at  #1880 - 1066
                 West Hastings Street, Vancouver, British Columbia.

                  (the "Transferee");

                                                               OF THE FIRST PART

 AND:

                 NITRO PETROLEUM INCORPORATED, a company duly incorporated under
                 the laws of  Nevada  and  having  an  address  for  notice  and
                 delivery located at #29 - 3800 Pinnacle Way, Gallaghers Canyon,
                 Kelowna, British Columbia.

                  (the "Transferor");

                                                              OF THE SECOND PART

                 WHEREAS:

A. The  Transferor  is the owner of certain  interests in the  Corsicana  Fields
Project,  Barnet Shale Formation,  McKinney,  Blackburn, in Texas (collectively,
the "Assets"),  a complete  listing of such Assets of the  Transferor  being set
forth in  Schedule  "A" which is attached  to this  Agreement  and which forms a
material part hereof;

B.       The Transferee is desirous of acquiring the Assets of the Transferor.

NOW THEREFORE THIS AGREEMENT  WITNESSETH  that, in  consideration  of the mutual
covenants and provisos herein contained, THE PARTIES HERETO AGREE AS FOLLOWS:

                                    Article I
                                   DEFINITIONS

 1.1            Definitions
                -----------
For all 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 Asset  Purchase  Agreement  as entered into
             between the Transferor and the Transferee herein, together with any
             amendments and any Schedules;

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                                        2

        (b)  "Assets" has the meaning ascribed to it in recital "A" hereinabove,
             and which Assets are  particularly  described in Schedule "A" which
             is attached hereto;

        (c) "Confidential Information" has the meaning ascribed to it in section
            "9.1" hereinbelow;

        (d) "Defaulting Party" and  "Non-Defaulting  Party"  have  the  meanings
            ascribed to them in section "12.1" hereinbelow;

        (e) "Indemnified Party" has the meaning ascribed to it in section "13.1"
            hereinbelow;

        (f)  "Parties" or "Party" means, respectively, the Transferor and/or the
             Transferee  hereto,  as  the  case  may  be,  together  with  their
             respective  successors  and  permitted  assigns  as the  context so
             requires.

                                    Article 2
                           PURCHASE AND SALE OF ASSETS

2.1             Purchase and Sale
                -----------------
The Transferee  hereby  purchases and the Transferor  hereby sells the Assets in
consideration  of FOUR HUNDRED  THOUSAND  (400,000) US Dollars to be paid by the
Transferee to the Transferor according to terms and conditions as set out in the
promissory note attached hereto as a Schedule "B".

                                    Article 3
                            ACCOUNTING AND INSPECTION

3.2             Accounting
                ----------
It is hereby  also  acknowledged  and  agreed  by the  Parties  hereto  that the
Transferee,  or its  subsidiary  as the  case  may  be,  will  maintain,  at its
principal place of business, separate accounts, and records thereto, of business
and activities  conducted  pursuant to this Agreement and that such accounts and
records are to be in  sufficient  detail.  In this regard the  Transferee  shall
retain the  accounts,  and  records in relation  thereto,  for at least one year
after the date upon which they were made and  presented to the  Transferor.  The
Transferee  shall  furnish  such  reasonable  evidence as the  Transferor  deems
necessary to verify the accounting and will permit the  Transferor's  respective
representatives to make copies of or extracts from such accounts and records.

3.3             Inspection
                ----------
The  Transferor  shall have, on at least five business  days' notice,  unimpeded
right  and  authority  to  enter  on  the  premises  of  the   Transferee,   its
representatives,  its agents,  its counsel or any other party having  control or
possession  of records or  premises  of the  Transferee  or in  relation  to its
production or sales or distribution of the Products, for the purpose of all such
investigations  as the  Transferor  may require to assure  themselves  as to the
compliance by the  Transferee  with  appropriate  accounting  provisions of this
Agreement.  In this  regard  the  Transferee  covenants  to allow and assist the
Transferor, and the Transferor's duly authorized representatives,  access to all
the aforesaid  premises and locations and access to all such personnel and other
persons  as the  Transferor  may  require,  and the  Transferee  shall make such
premises,  records and persons  available within five business days of notice by
the Transferor. In the event that any aforesaid party refuses or delays or omits
to give the Transferor  entry and access to premises or records,  the Transferee
warrants to give the Transferor all reasonable assistance to effect such end.

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                                        3

                                    Article 4
           REPRESENTATIONS, WARRANTIES AND COVENANTS BY THE TRANSFEROR

4.1             Representations, Warranties and Covenants by the Transferor
                -----------------------------------------------------------

In order to induce the Transferee to enter into and consummate  this  Agreement,
the Transferor represents to and warrants to the Transferee that, to the best of
the informed knowledge, information and belief of the Transferor:

        (a)     the  Transferor  is  duly  incorporated  under  the  laws of its
                jurisdiction  of  incorporation  and is validly  existing and in
                good standing with respect to all statutory  filings required by
                the applicable corporate laws;

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

        (c)     the Transferor is the  registered  and  beneficial  owner of its
                interests in the Assets as set out in the Agreements referred to
                in  Schedule  "A" and has the  requisite  power,  authority  and
                capacity to own and use the Assets and the  Transferor  owns the
                right to develop and  maintain  the Assets  subject the terms of
                the Agreements as referred to in Schedule "A";

        (d)     no  person,   firm  or  corporation  has  any  written  or  oral
                agreement,  option, understanding or commitment, or any right or
                privilege  capable of becoming an  agreement,  for the  purchase
                from the  Transferor  any of the Assets except as set out in the
                Agreements referred to in Schedule "A";

        (e)     the Transferor has not experienced,  nor is the Transferor aware
                of, any  occurrence or event which has had, or might  reasonably
                be expected to have, a materially adverse affect on the Assets;

        (f)     the  Transferor  is not in breach of any  provision or condition
                of, nor has the Transferor  done or omitted to do anything that,
                with or  without  the  giving of notice or lapse or both,  would
                constitute a breach of any  provision  or condition  of, or give
                rise to any  right to  terminate  or cancel  or  accelerate  the
                maturity  of any  payment  under,  any deed of trust,  contract,
                certificate,  consent,  permit,  license or other  instrument to
                which the  Transferor  is a party,  by which the  Transferor  is
                bound or from  which  the  Transferor  derives  benefit,  or any
                judgment,  decree,  order,  rule or  regulation  of any Court or
                governmental  authority to which the  Transferor is subject,  or
                any statute or regulation  applicable to the  Transferor,  to an
                extent that, in the aggregate,  has a material adverse affect on
                the Transferor or the Assets;

        (g)     the Transferor has not committed to sell,  license,  distribute,
                option,  or otherwise dispose of or grant any interest in all or
                any part of the  Assets  or agree  to do or  perform  any act or
                enter into any transaction or negotiation which could reasonably
                be expected to  interfere  with this.  Agreement  or which would
                render  inaccurate  any of the  representations,  warranties  or
                covenants set forth in this Agreement;

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                                       4

        (h)     the execution and delivery of this Agreement and the  agreements
                contemplated hereby  have been duly  authorized by all necessary
                action, corporate or otherwise, or will have been so  authorized
                at the relevant time;

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

        (j)     no proceedings are pending for,and the Transferor 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;

        (k)     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:

               (i)  conflict with or result in a breach of or violate any of the
                    terms, conditions or provisions of the Transferor's
                    constating documents;

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

             (iii)  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 the  Transferor which is necessary or desirable in
                    connection with the conduct and operations of its respective
                    Business and the ownership or leasing of its respective
                    Assets or other assets; or

        (l)     the  Transferor  will employ good faith, due diligence, and best
                efforts to perform its obligations of this  Agreement  and  will
                enter into such additional or collateral  agreements as  may  be
                reasonably required by the Transferee to effect and complete the
                objects and intent of this Agreement.

4.2       Continuity of the Representations. Warranties and Covenants by the
          ------------------------------------------------------------------
          Transferor
          ----------

The  representations,  warranties and covenants by the  Transferor  contained in
this Article,  or in any  certificates  or documents  delivered  pursuant to the
provisions of this Agreement or in connection with the transactions contemplated
hereby,  will  be  true  at  and  as of  the  Effective  Date.  Subject  to  any
investigations  or  inquiries  made  by the  Transferee  or by the  Transferee's
professional  advisors,  or the waiver of any condition by the  Transferee,  the
representations,  warranties and covenants of the  Transferor  contained in this
Article  shall  continue  in full force and  effect for a period of twelve  (12)
months from the Effective Date; provided, however, that the Transferor shall not
be responsible for the breach of any representation, warranty or covenant of the
Transferor contained herein caused by any act or omission of the Transferee.  In
the  event  that any of the  representations,  warranties  or  covenants  of the
Transferor  are found by a Court of competent  jurisdiction  to be incorrect and
such  incorrectness  results  in any  loss  or  damage  sustained,  directly  or
indirectly,  by the Transferee,  then the Transferor will pay the amount of such
loss or damage to the Transferee  within 30 calendar days of receiving notice of
judgment   therefor,   provided   that  the  damages  will  be  limited  to  the
consideration paid upon closing.

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                                       5

                                    Article 5
           WARRANTIES, REPRESENTATIONS AND COVENANTS BY THE TRANSFEREE

  5.1             Warranties, Representations and Covenants by the Transferee
                  -----------------------------------------------------------

 In order to induce the Transferor to enter into and consummate  this Agreement,
 the Transferee hereby warrants to and represents to the Transferor that, to the
 best of the informed knowledge, information and belief of the Transferee, after
 having made due inquiry:

         (a)      the  Transferee  is duly  incorporated  under  the laws of its
                  jurisdiction of  incorporation  and is validly existing and in
                  good standing with respect to all statutory  filings  required
                  by the applicable corporate laws;

         (b)      the execution and delivery of this Agreement and the
                  agreements contemplated hereby has been duly authorized by all
                  necessary corporate action on its part;

         (c)      there are no consents,approvals or conditions precedent to the
                  performance of this Agreement;

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

         (e)      no proceedings  are pending for, and the Transferee is unaware
                  of, any basis for the institution of any  proceedings  leading
                  to the  dissolution  or  winding up of the  Transferee  or the
                  placing  of the  Transferee  in  bankruptcy  or subject to any
                  other laws governing the affairs of insolvent companies;

         (f)      the Transferee is not in breach of any laws, ordinances,
                  statutes, regulations, by-laws, orders or decrees to which
                  it is subject or which apply to it;

         (g)      there  has been and  there  will be  prepared  and  filed on a
                  timely  basis  all  federal  and  state  income  tax  returns,
                  elections  and  designations,   and  all  other   governmental
                  returns,  notices and reports of which the Transferee  had, or
                  ought  reasonably  to have had,  knowledge  required  to be or
                  reasonably   capable  of  being  filed  with  respect  to  the
                  operations of the Transferee, and no such returns,  elections,
                  designations,  notices or reports  contain or will contain any
                  material  misstatement  or omit any  material  statement  that
                  should have been  included,  and each such  return,  election,
                  designation,   notice  or   report,   including   accompanying
                  schedules  and  statements,  is and will be true,  correct and
                  complete in all material respects;

         (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:

                  (i) conflict with or result in a breach of or  violate  any of
                      the terms, conditions or provisions of the constating
                      documents of the Transferee;

                 (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 the Transferee is subject, or constitute  or  result
                      in a default under any agreement,contract or commitment to
                      which the Transferee is a party;

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                                       6

               (iii)  give  to any  party  the  right  of  termination,
                      cancellation  or acceleration  in or with  respect  to any
                      agreement, contract or commitment to which the  Transferee
                       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 the Transferee which is  necessary  or
                      desirable  in  connection  with the conduct and operations
                      of its business and the ownership or leasing of its
                      business assets; or

                 (v)  constitute a default by the Transferee,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 the Transferee 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;

         (i)      neither this  Agreement nor any other  document,   certificate
                  or statement furnished to the Transferor by  or on  behalf  of
                  the  Transferee  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;

         (j)      the Transferee is not aware of any fact or circumstance  which
                  has not been disclosed  to  the  Transferor  which  should  be
                  disclosed in order to prevent the  representations, warranties
                  and covenants contained in this section from being  misleading
                  or which would  likely  affect the  decision of the
                  Transferor to enter into this Agreement; and

         (k)      the Transferee will employ good faith, due diligence, and best
                  efforts to perform  its  obligations  of  this  Agreement  and
                  will  enter  into  such additional or collateral agreements as
                  may be reasonably required to effect and complete the  objects
                  and intent of this Agreement.

         (l)      the Shares represented in this transaction are duly issued and
                  fully paid, valid, and nonassessable.

5.2             Continuity of the Representations, Warranties and Covenants by
                --------------------------------------------------------------
                the Transferee
                --------------

The  representations,  warranties and covenants of the  Transferee  contained in
this Article,  or in any  certificates  or documents  delivered  pursuant to the
provisions of this Agreement or in connection with the transactions contemplated
hereby,  will be  true  at and as of the  Effective  Date.  Notwithstanding  any
investigations  or  inquiries  made  by the  Transferor  or by the  Transferor's
respective  professional  advisors prior to the Effective Date, or the waiver of
any condition by the Transferor,  the representations,  warranties and covenants
of the Transferee contained in this Article shall survive the Effective Date and
shall  continue in full force and effect for a period of twelve (12) months from
the  Effective  Date;  provided,  however,  that  the  Transferee  shall  not be
responsible  for the breach of any  representation,  warranty or covenant of the
Transferee contained herein caused by any act or omission of the Transferor.  In
the event that any of the said  representations,  warranties  or  covenants  are
found  by  a  Court  of  competent   jurisdiction   to  be  incorrect  and  such
incorrectness  results in any loss or damage sustained,  directly or indirectly,
by the  Transferor,  then the  Transferee  will pay the  amount  of such loss or
damage to the Transferor within 30 calendar days of receiving notice of judgment
therefor; provided that the

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                                       7

Transferor  will not be  entitled  to make any claim  unless  the loss or damage
suffered may exceed the amount of $10,000.

                                    Article 6
                               OBTAINING APPROVAL

6.1      Approval
         --------
The Transferor shall, prior to closing,  obtain the requisite approval if any to
effect the terms  contemplated  within this  agreement,  and to obtain  waivers,
consents,  and rights of first refusal if required to  effectively  transfer the
Assets as set out in Schedule "A".

                                    Article 7
                                ADDITIONAL TERMS

7.1      Due Diligence
         -------------
Each of the Parties hereto may conduct such further due diligence examination of
the other  Parties  hereto as it deems  appropriate.  In that regard the Parties
agree that each shall have full and complete access to the other Parties' books,
records,  financial  statements and other documents,  articles of incorporation,
bylaws,  minutes of Board of Directors' meetings and its committees,  investment
agreements, material contracts and as well such other documents and materials as
the  Parties  hereto,  or their  respective  counsel,  may deem  reasonable  and
necessary to conduct an adequate due diligence  investigation of each Party, its
respective operations and financial condition prior to the Closing.

7.2     Opinions, Reports and Advice of the Transferor
        ----------------------------------------------
The  Transferor  hereby  acknowledges  and  agrees  that  all  written  and oral
opinions,  reports,  advice and  materials  provided  by the  Transferor  to the
Transferee in connection  with the Assets  hereunder are intended solely for the
Transferee's  benefit  and for the  Transferee's  use  only,  and  that any such
written and oral opinions,  reports,  advice and  information  are the exclusive
property of the Transferee.  In this regard the Transferor  hereby covenants and
agrees that the  Transferee.  may utilize any such opinion,  report,  advice and
materials for any other purpose  whatsoever  and,  furthermore,  may  reproduce,
disseminate,  quote  from and refer to, in whole or in part,  at any time and in
any manner,  any such  opinion,  report,  advice and  materials  in its sole and
absolute discretion.

7.3             Additional Documents and Acts by Transferor
                -------------------------------------------

The  Transferor  will also cause or deliver,  or cause to be  delivered,  to the
Transferee, at the times stipulated, the following:

        (a)     upon the request of the Transferee,  all documentation as may be
                necessary and as may be required by counsel for the  Transferee,
                acting  reasonably,  to ensure  that all of the Assets have been
                duly  transferred,  assigned and are registerable in the name of
                and for the benefit of the Transferee under applicable corporate
                laws and including,  without  limitation,  all necessary  deeds,
                conveyances,  bills of  sale,  assurances,  transfers,  contract
                assignments, sales agreement assignments,  development agreement
                assignments,    royalty   assignments,    license   assignments,
                manufacturing    agreement    assignments,    supply   agreement
                assignments,  consents  and any  other  documents  necessary  or
                reasonably  _required  effectively to transfer all of the Assets
                and the business of the Assets to the Transferee with a good and
                marketable  title,  free  and  clear  of all  mortgages,  liens,
                charges,  pledges,  claims,  security  interests or encumbrances
                whatsoever;

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                                       8

        (b)      within 10 days of the Closing  Date,  a  certified  copy of the
                 resolutions  of  the  directors  and  .   shareholders  of  the
                 Transferor  authorizing  the transfer by the  Transferor to the
                 Transferee of all of the Assets in accordance with the terms of
                 this Agreement;

        (c)      within 30 days of the Closing Date, all necessary  consents and
                 approvals  in writing  to the  completion  of the  transactions
                 contemplated herein and including, without limitation, approval
                 from all Regulatory  Authorities  having  jurisdiction over the
                 Transferor  and the Assets or a  certificate  of counsel of the
                 Transferor that no such consents are required; and

        (d)      within 30 days of the  Closing  Date all  records,  engineering
                 specifications   and  reports,   patents,   books,   and  other
                 documentation pertinent to the Assets and all molds, inventory,
                 customer lists, supply contracts,  manufacturing contracts, and
                 all and every part of such matters pertaining to the Assets.

                                    Article 8
                                 NON-DISCLOSURE

 8.1     Non-disclosure
         --------------
The Parties hereto,  for themselves,  their officers,  directors,  shareholders,
consultants,  employees and agents, agree that they each will not disseminate or
disclose,  or knowingly allow, permit or cause others to disseminate or disclose
to third  parties  who are not  subject  to  express  or  implied  covenants  of
confidentiality, without the other Parties' express written consent, either: (i)
the fact or  existence  of this  Agreement or  discussions  and/or  negotiations
between them involving,  inter alia,  possible business  transactions;  (ii) the
possible substance or content of those discussions; (iii) the possible terms and
conditions of any proposed  transaction;  (iv) any statements or representations
(whether  verbal  or  written)  made by  either  Party  in the  course  of or in
connection with those  discussions;  or (v) any written material generated by or
on behalf of any Party and such contacts,  other than such  disclosure as may be
required under applicable securities legislation or regulations, pursuant to any
order of a Court or on a "need to know" basis to each of the Parties' respective
professional  advisors.  Disclosure will be required to the other parties as set
out in the agreements as set out in Schedule "A".

                                    Article 9
                             PROPRIETARY INFORMATION

9.1       Confidential Information
          ------------------------
Each Party hereto  acknowledges  that any and all information  which a Party may
obtain  from,  or have  disclosed  to it,  about the other  Parties  constitutes
valuable  trade secrets and  proprietary  confidential  information of the other
Parties  (collectively,  the "Confidential  Information").  No such Confidential
Information shall be published by any Party without the prior written consent of
the other Parties hereto,  however,  such consent in respect of the reporting of
factual data shall not be  unreasonably  withheld,  and shall not be withheld in
respect of information  required to be publicly disclosed pursuant to applicable
securities or corporation laws. Furthermore, each Party hereto undertakes not to
disclose  the  Confidential  Information  to any third  party  without the prior
written  approval  of the other  Parties  and to ensure  that any third party to
which the  Confidential  Information is disclosed shall execute an agreement and
undertaking on the same terms as contained herein.

9.2      Impact of Breach of Confidentiality
         -----------------------------------
The Parties hereto acknowledge that the Confidential Information is important to
the  respective  businesses  of each of the  Parties  and that,  in the event of
disclosure of the Confidential Information,

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                                       9

except as authorized hereunder,  the damage to each of the Parties hereto, or to
either of them, may be irreparable.  For the purposes of the foregoing  sections
the Parties  recognize  and hereby  agree that a breach by any of the Parties of
any of the covenants  therein  contained  would result in  irreparable  harm and
significant  damage to each of the other  Parties  that would not be  adequately
compensated  for by monetary award.  Accordingly,  the Parties agree that in the
event of any such breach,  in addition to being entitled as a matter of right to
apply  to a Court of  competent  equitable  jurisdiction  for  relief  by way of
restraining  order,  injunction,  decree or otherwise as may be  appropriate  to
ensure compliance with the provisions hereof, any such Party will also be liable
to the other Parties, as liquidated  damages,  for an amount equal to the amount
received  and earned by such  Party as a result of and with  respect to any such
breach.  The Parties  also  acknowledge  and agree that if any of the  aforesaid
restrictions,  activities,  obligations  or periods are considered by a Court of
competent jurisdiction as being unreasonable,  the Parties agree that said Court
shall have  authority to limit such  restrictions,  activities or periods as the
court deems  proper in the  circumstances.  In  addition,  the  Parties  further
acknowledge and agree that all restrictions or obligations in this Agreement are
necessary and fundamental to the protection of the respective businesses of each
of the  Parties and are  reasonable  and valid,  and all  defenses to the strict
enforcement  thereof by either of the  Parties  are  hereby  waived by the other
Parties.

                                   Article 10
                        CLOSING AND TRANSFER OF INTEREST

 10.1    Closing
         -------
Closing  date and the  adjustment  date  shall be the  Effective  Date.  Closing
documentation  shall be the documentation as required to carry out the intent of
this  Agreement.

10.2     Assumption of Obligations
         -------------------------
Any  transfer  of  all  or  any  part  of  the  Transferor's  licence  shall  be
accompanied by the written  agreement of  any  such  transferee  to  assume  the
obligations of the Transferor under the licence and to be  bound  by  the  terms
and conditions thereof.

                                   Article 11
                                  FORCE MAJEURE

11.1     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.

11.2     Notice
         ------
A Party shall,  within seven  calendar  days,  give notice to the other Party of
each event of force majeure under section-"14.1" hereinabove, and upon cessation
of such event shall  furnish the other Party 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.

<page>

                                       10

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

                                   Article 13
                      INDEMNIFICATION AND LEGAL PROCEEDINGS

13.1     Indemnification
         ---------------
The Parties  hereto agree to indemnify and save harmless the other Party hereto,
including its respective  affiliates and their respective  directors,  officers,
employees  and agents  (each such party being an  "Indemnified  Party") from and
against  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 an act or inaction of the other Party.

13.2     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.

13.3     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 retaining 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.

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

13.5     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:

<page>
                                       11

         (a)      such counsel has been authorized by the relevant Party hereto;

         (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.

                                   Article 14
                                     NOTICE

14.1     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  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.

14.2     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 15
                               GENERAL PROVISIONS

15.1     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 hereto with respect to
the subject matter of this Agreement.

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

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

<page>

                                       12

15.4     Time of the Essence
         -------------------
Time will be of the essence of this Agreement.

15.6     Applicable Law
         --------------

The situs of this Agreement is Vancouver, British Columbia, and for all purposes
this  Agreement  will be governed  exclusively  by and construed and enforced in
accordance with the laws and Courts of the Province of British Columbia.

15.7     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.

15.8     Currency
         --------
Unless otherwise  stipulated,  all payments  required to be made pursuant to the
provisions of this Agreement and all money amount  references  contained  herein
are in lawful currency of the U.S.A.

15.8     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).

15.9     Captions
         --------
The captions,  section numbers and Article  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.

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

<page>
                                       13

15.12    Consents and Waivers
         --------------------
No consent or waiver expressed or implied by either Party hereto in -respect off
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 set their
respective hands and seals in 'the presence of their duly authorized signatories
as of, the Effective Date determined hereinabove.

The COMMON SEAL of
QUANTUM ENERGY INC.
the Transferor herein,
was hereunto affixed in the presence of:

/s/
----------------------------
Authorized Signatory

The COMMON SEAL of
NITRO PETROLEUM INC.
the Transferee herein,
was hereunto affixed in the presence of:

/s/
----------------------------
Authorized Signatory

<page>

================================================================================

                                  SCHEDULE "A"

THIS IS  SCHEDULE  "A" to the  Asset  Purchase  Agreement  dated  the 1st day of
September, 2006.

                                   The Assets
                                   ----------
Fifty (50%)  percent of the  Transferror's  working  interest  in the  following
wells:

                1. 10% working interest in Inglish 4 well;
                2. 10% working interest in Inglish 5 well;
                3. 10% working interest in lnglish Dl well & Inglish D2 well;
                4. 5% working interest in Craig Muncaster 6 well; and
                5. 5% working interest in Craig Muncaster 7 well.

As defined in the  agreements,  to which the  Transferor  is a party,  copies of
which are attached as Schedule C.

<page>

                                  SCHEDULE "B"
                                PROMISSORY NOTE

$400,000.00 (USD)                                         DUE: November 01, 2006

                          Vancouver, British Columbia.

                            Dated: September 01, 2006

 FOR VALUE  RECEIVED,  QUANTUM  ENERGY,  INC.  (hereinafter  referred  to as the
 "Borrower"),  of 1880 -1066 West Hastings Street, Vancouver,  British Columbia,
 HEREBY  PROMISES  TO  PAY  to  the  order  of  NITRO   PETROLEUM   INCORPORATED
 (hereinafter referred to as the "Lender"), of #29-3800 Pinnacle Way, Gallaghers
 Canyon,  Kelowna,  British Columbia, the principal sum of Four Hundred Thousand
 ($400,000.00) Dollars of lawful money of the United States.

1.   The Borrower will repay the principal sum outstanding on or before November
     01, 2006, at the offices of the Lender; and

2.   The Borrower, if it duly observes and performs all of the covenants on
     its part to be observed and performed, is at liberty from time to time to
     pay off all or any part of the principal as remains unpaid or any part of
     it, without notice or bonus.

 THE BORROWER  HEREBY waives demand and  presentment  for payment and notices of
  nonpayment or protest of this Note.

THE CORPORATE SEAL OF QUANTUM ENERGY, INC.
 was affixed hereto in the presence of:          )
                                                 )
                                                 )
/s/                                              )   c/s
---------------------------------------          )
Authorized Signatory                             )
                                                 )
                                                 )
---------------------------------------          )
Authorized Signatory                             )
                                                 )
                                                 )
THE CORPORATE SEAL OF                            )
NITRO PETROLEUM INCORPORATED                     )
was affixed hereto in the presence               )
                                                 )
                                                 )
/s/                                              )   c/s
---------------------------------------          )
Authorized Signatory                             )
                                                 )
                                                 )
                                                 )
---------------------------------------          )
Authorized Signatory                             )Exhibit 10.1 A

     

    PROMISSORY
      NOTE

     

    October
      10, 2006

    Los
      Angeles, California 

     

    FOR
      VALUE
      RECEIVED, the undersigned, INVISA,
      INC.,
      a
      Nevada corporation (“Borrower”),
      promises to pay to the order of M.A.G.
      CAPITAL, LLC,
      a
      California limited liability company (together with its successors and assigns,
      “Lender”),
      at
      555 South Flower Street, Suite 4200, Los Angeles, California 90071, or such
      other place as the holder hereof may designate in writing, the principal sum
      of
      THIRTY SIX THOUSAND EIGHT HUNDRED TWENTY EIGHT United States Dollars (U.S.
      $36,828.00), with interest on the unpaid principal balance from the date of
      this
      Promissory Note (this “Note”),
      until
      paid, at the Interest Rate provided herein. 

     

    WHEREAS,
      (i) Borrower, Lender and Ocean Park Advisors, LLC, a California limited
      liability company (“Advisors”),
      have
      entered into that certain Letter Agreement, dated as of the date hereof (as
      amended, restated, supplemented or otherwise modified from time to time, the
      “Letter
      Agreement”),
      pursuant to which Advisors will receive each Borrowing Certificate (as
      hereinafter defined) and perform the services for Lender as set forth therein,
      (ii) Borrower has made (A) that certain promissory note dated as of the date
      hereof, payable to the order of Mercator Momentum Fund III, LP, a California
      limited partnership (as amended, restated, supplemented or otherwise modified
      from time to time, the “Mercator
      Note”)
      and (B)
      that certain promissory note dated as of the date hereof payable to the order
      of
      Monarch Pointe Fund, Ltd., a company organized under the laws of the British
      Virgin Islands (as amended, restated, supplemented or otherwise modified from
      time to time, the “Monarch
      Note”,
      and
      collectively with this Note and the Mercator Note, the “Subject
      Promissory Notes”,
      and
      each a “Subject
      Promissory Note”)
      and
      (iii) Borrower has granted to Advisors that certain Warrant to Purchase Common
      Stock, dated as of the date hereof (as amended, restated, supplemented or
      otherwise modified from time to time, the “Warrant”)
      as
      Advisors’ compensation under the Letter Agreement;

     

    NOW,
      THEREFORE, for and in consideration of the foregoing, and for other good and
      valuable consideration, the receipt and sufficiency of which are hereby
      acknowledged, the parties hereto hereby agrees as follows:

     

    

     

      Rate
      of Interest.
      The
      outstanding principal balance of this Note shall bear interest at ten percent
      (10%) per annum (the “Interest
      Rate”).
      

     

      Date
      and Time of Payment.
      The
      outstanding principal balance of this Note shall be repaid in full plus all
      accrued and unpaid interest on earlier to occur of (a) the Maturity Date or
      (b)
      the date of termination of this Note, whether by its terms, by prepayment,
      or by
      acceleration. All amounts outstanding hereunder shall constitute Borrower’s
      obligations hereunder, and such obligations include without limitation all
      principal, interest (including all interest which accrues after the commencement
      of any case or proceeding by or against Borrower in bankruptcy whether or not
      allowed in such case or proceeding), fees, indemnities, expenses, attorneys’
fees and any other sum chargeable to Borrower hereunder and owing to Lender
      (all
      such obligations and all other obligations of Borrower under this Note,
“Obligations”).
      No
      principal amount of this Note paid or prepaid may be reborrowed. 

     

      Default
      Rate.
      Notwithstanding Section
      1,
      after
      the occurrence of any Event of Default and for so long as such Event of Default
      continues, and in any event from and after the Maturity Date, all 

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

      principal,
      interest and other amounts payable under this Note shall bear interest until
      paid in full at a rate of interest equal to four percent (4%) above the per
      annum rate otherwise applicable hereunder. 

     

      Computation
      of Interest.
      Interest on the principal amount hereof and all other Obligations shall be
      computed on the basis of a 360-day year, and shall be charged for the actual
      number of days elapsed during any month
      or
      other accrual period.

     

      Manner
      of Payment.
      All
      payments by Borrower in respect of any Obligations shall be made without
      deduction, defense, set off or counterclaim, free and clear of all taxes, and
      in
      immediately available funds delivered to Lender by wire transfer to the account
      set forth on Schedule
      1
      attached
      hereto, or to such other account(s) at such bank(s) as Lender may from time
      to
      time designate in writing to Borrower. 

     

      Maturity.
      To the
      extent not sooner due and payable in accordance with this Note, the outstanding
      principal balance of this Note, and all accrued and unpaid interest thereon,
      shall be due and payable on March
      1,
      2007 (the “Maturity
      Date”).
      

     

      Application
      of Payments.
      All
      payments shall be applied to amounts then due and payable in the following
      order: (a) to Lender’s costs and expenses reimbursable in connection herewith;
      (b) to interest accrued on the outstanding principal balance of this Note;
      (c)
      to the principal amount hereof; and (d) to all other Obligations.

     

      Borrowing
      and Use of Proceeds. 

     

      The
      proceeds of this Note shall be funded in multiple advances (each, an
“Advance”)
      by
      Lender to Borrower in the amounts and on such dates as set forth on Schedule
      2
      attached
      hereto under the heading “Schedule of Advances”. The initial Advance shall be
      made on the date hereof, subject to (i) the repayment of all outstanding
      principal, interest and other obligations under that certain Promissory Note
      dated September 19,
      2006,
      made by Borrower payable to the order of Lender (as
      amended, restated, or otherwise modified from time to time, the
      “Existing
      Note”),
      and
      (ii) the issuance of the Warrant by Borrower to Advisors. The obligation of
      Lender to make each subsequent Advance following
      the initial Advance hereunder
      is subject to the fulfillment, at or prior to the time of the making of such
      Loan, of each of the following conditions: (i) following each Advance, including
      without limitation the initial Advance, Borrower shall have delivered to
      Advisors, and Advisors shall have received, a Borrowing Certificate
      and any
      requested information in connection therewith
      pursuant
      to Section
      11
      hereof
      at least one (1) Business Day prior to the date of next scheduled Advance,
      and
      (ii) no Event of Default, or any event which, with the giving of notice or
      the
      lapse of time, or both, would constitute an Event of Default (any such event,
      a
“Default”),
      shall
      have occurred and be continuing. 

     

      On
      the
      date of the initial Advance, such Advance shall be applied (i) in the amount
      of
      27.19% of the outstanding amount owing under the Existing Note to the repayment
      of the Existing Note, and (ii) to the payment of Permitted Expenses in
      accordance with the terms of this Note. Each subsequent Advance shall be applied
      as set forth in clause
      (ii)
      of this
      Section 8(b).

     

      Grant
      of Security.
      In order
      to secure prompt repayment of any and all of the Obligations in accordance
      with
      the terms and conditions of this Note, Borrower hereby grants to Lender, a
      continuing security interest in all of Borrower’s right, title, and interest in
      and to, all property of Borrower (the “Collateral”),
      whether now owned or existing or hereafter acquired or arising and wheresoever
      located, which Collateral shall include, without limitation, all of the
      following: accounts; books and records (including any information inscribed
      on
      any tangible medium or which is stored in an electronic 

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

      or
      other
      medium and is retrievable in perceivable form) relating to its business
      operations or financial condition or the Collateral; commercial tort claims;
      deposit accounts; equipment; general intangibles; patents;
      patent applications; goods;
      instruments; inventory; investment property (including all securities and
      securities accounts); letters of credit; letter of credit rights; promissory
      notes; drafts; documents; chattel paper (including electronic chattel paper
      and
      tangible chattel paper); any and all supporting obligations; money, cash and
      cash equivalents; other personal property or other assets of Borrower which
      now
      or hereafter come into the possession, custody, or control of Lender (as each
      of
      the foregoing types of property are defined in the Uniform Commercial Code
      as,
      from time to time, enacted and in effect in the State of California (the
“Code”);
      together, in each instance, with all accessions and additions thereto,
      substitutions therefor, and replacements, products thereof and any other
      property receivable or received from or upon the sale, lease, license,
      collection, use, exchange or other disposition, whether voluntary or
      involuntary, of any of the foregoing, including without limitation any and
      all
“proceeds” as defined in the Code, whether cash or noncash, any and all proceeds
      of any insurance, indemnity, warranty or guaranty payable to or for the account
      of Borrower from time to time with respect to any of the foregoing, any and
      all
      payments (in any form whatsoever) made or due and payable to Borrower from
      time
      to time in connection with any requisition, confiscation, condemnation, seizure
      or forfeiture of all or any part of the Collateral by any governmental authority
      (or any person or entity acting under color of governmental authority), and
      any
      and all other amounts from time to time paid or payable under or in connection
      with any of the foregoing or for or on account of any damage or injury to or
      conversion of any of the foregoing by any person or entity. Any terms used
      in
      this Note which are defined in the Code shall be construed and defined as set
      forth in the Code unless otherwise defined herein.
      The
      patent/patent applications included in the Collateral include: US 5,337,039
      080994; US 7,023,222 B2 040406; US 2006 005534 A1 031606.

     

      Representations
      and Warranties.
      Borrower
      makes the following representations and warranties to Lender, which
      representations and warranties shall be true, correct, and complete as of the
      date hereof and shall survive the execution and delivery of this
      Note:

     

      Due
      Organization and Qualification.
      Borrower is duly organized and validly existing and in good standing under
      the
      laws of the jurisdiction of its organization and qualified to do business in
      any
      jurisdiction where it is required to be so qualified, and has all requisite
      power and authority to (i) own its assets and carry on its business, and (ii)
      execute, deliver and perform its Obligations. 

     

      Due
      Authorization; No Conflict.
      The
      execution, delivery, and performance by Borrower of this Note to which it is a
      party have been duly authorized by all necessary action on the part of Borrower.
      This Note has been duly executed and delivered by Borrower. The execution,
      delivery, and performance by Borrower of this Note, and the consummation of
      the
      transactions contemplated hereby, do not and will not (i) violate in any
      material respect any provision of federal, state, provincial or local law or
      regulation applicable to Borrower, its organizational documents, or any order,
      judgment, or decree of any court or other governmental authority, (ii) conflict
      with, result in a breach or termination of, or constitute (with due notice
      or
      lapse of time or both) a default under any material contractual obligation
      of
      Borrower, (iii) result in or require the creation or imposition of any lien
      of
      any nature whatsoever upon any properties or assets of Borrower, other than
      liens or security interests in favor of Lender, or (iv) require any approval
      of
      any of Borrower’s stockholders or any approval or consent of any other person or
      entity, other than consents or approvals that have been obtained and that are
      still in force and effect. The execution, delivery, and performance by Borrower
      of this Note do not and will not require any registration with, consent, or
      approval of, or notice to, or other action with or by, any governmental
      authority, other than consents or approvals that have been obtained and that
      are
      still in force and effect. This Note when executed and delivered by Borrower
      will be the legally valid and binding obligation of Borrower, enforceable
      against Borrower in accordance with its term, except as enforcement may be
      

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

      limited
      by equitable principles or by bankruptcy, insolvency, reorganization,
      moratorium, or similar laws relating to or limiting creditors’ rights generally.
      The Lender’s security interest in the Collateral is a validly created,
      perfected, first priority security interest, subject only to Permitted
      Liens.

     

      Executive
      Offices; Collateral Locations; FEIN; Organizational Information; Trade
      Names.
      The
      current location of Borrower’s chief executive office, principal place of
      business, other offices, the warehouses and premises within which any Collateral
      is stored or located, and the location of its books and records is 6935 15th
      Street East, Suite 120, Sarasota, Florida 34243 (“Borrower’s
      Office”).
      Borrower has not used and does not presently use any fictitious or trade names
      which have been used by Borrower.

     

      Affirmative
      Covenants.
      For so
      long as there are any Obligations outstanding and until payment and performance
      in full thereof, Borrower hereby covenants to Lender as follows: (a) Borrower
      shall at all times preserve and keep in full force and effect Borrower’s and
      each of its subsidiaries’ valid existence and good standing and any rights and
      franchises material to their businesses; (b) (i) the amounts advanced to
      Borrower under this Note shall be used to pay Permitted Expenses (as
      defined below) of
      Borrower that have been invoiced to Borrower in the ordinary course of business
      by the applicable Permitted
      Payee (as defined below)
      to which
      any such Permitted Expense is owed
      and (ii)
      which payments of Permitted Expenses to any such Permitted Payee, plus any
      payments of such Permitted Expenses to such Permitted Payee with the proceeds
      of
      advances under the other Subject Promissory Notes, shall not exceed in the
      aggregrate the amounts specified therefor as set forth on Schedule 2 hereto
      for
      the periods listed thereon;
      (c) at
      least one (1) Business Day prior to each Advance (other than the initial
      Advance), Borrower shall deliver to Advisors, with a copy to Lender, and
      Advisors shall have received, (i)
      a
      certificate of the chief executive officer or chief financial officer of the
      Borrower substantially in the form of Exhibit
      A
      hereto
      (each such certificate, a “Borrowing
      Certificate”),
      which
      certificate shall set forth evidence of Borrower’s payment of the Permitted
      Expenses due and payable to a Permitted Payee prior to such Advance and the
      amount thereof, which Permitted Expenses shall have been paid with the proceeds
      of the Advances made prior to such Advance in accordance with Schedule
      2
      hereto
      (such payments, “Permitted
      Payments”),
      which
      evidence shall be in form and substance satisfactory to Lender in all respects,
      and (ii)
      such
      other information regarding Borrower and its business as Lender or Advisors
      may
      request in form and substance satisfactory to Lender or Advisors, as applicable,
      and (d)
      Borrower shall, at Borrower’s expense and upon the request of Lender, duly
      execute and deliver, or cause to be duly executed and delivered, to Lender
      such
      further instruments, and do and cause to be done such further acts, as may
      be
      necessary or proper in the reasonable opinion of Lender to carry out more
      effectively the provisions and purposes of this Note. As used in this Note,
      “Permitted
      Expenses”
      shall
      mean unpaid operating expenses of Borrower that are due and payable to the
      persons or entities set forth on Schedule
      2
      hereto
      (each a “Permitted
      Payee”),
      and
      which expenses shall be of the type set forth on such schedule.

     

      Negative
      Covenants.
      Without
      the prior written consent of Lender, Borrower shall not, and shall not cause
      or
      permit any of its subsidiaries to, (a) directly or indirectly, create, incur,
      assume or permit to exist any indebtedness for borrowed money, other than (i)
      indebtedness evidenced by this Note, (ii) Permitted Expenses and (iii) the
      indebtedness described in Part 1 of Schedule 3 hereto; (b) create, incur,
      assume or permit to exist any lien, security interest or other encumbrance
      on or
      with respect to the Collateral, except for the following liens and other
      encumbrances (“Permitted
      Liens”)
      (i)
      any liens, security interests or other encumbrances created in favor of Lender,
      Mercator Momentum Fund III, LP or Monarch Pointe Fund, Ltd.; (ii) liens or
      other
      encumbrances for taxes, assessments or other governmental charges which are
      not
      yet delinquent; (iii) liens or other encumbrances of landlords, carriers,
      warehousemen, mechanics, materialmen and other similar liens imposed by law
      and
      which are incurred in the ordinary course of business for sums not yet
      delinquent; and (iv) the liens created prior to the date 

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

      hereof
      as
      set forth in Part 2 of Schedule 3 hereto; (c) sell, transfer, convey or
      otherwise transfer any portion of the Collateral or otherwise materially modify
      or impair any portion of the Collateral, or any other assets of Borrower or
      any
      such subsidiary, other than (i) sales of inventory to buyers in the ordinary
      course of business or (ii) the use or transfer of money in a manner that is
      not
      otherwise prohibited by the terms hereof; (d) change (i) its corporate
      structure, legal name or organizational documents, (ii) its jurisdiction of
      organization, or (iii) its chief executive office, principal place of business,
      or any offices, warehouses or other premises where any Collateral is held or
      stored, or the location of its books and records; (e) directly or indirectly,
      enter into or permit to exist any transaction with, or make any payment or
      distribution to, any affiliate (other than Lender or any of its affiliates);
      (f)
      directly or indirectly, (i) merge with or consolidate with any entity, or (ii)
      liquidate, wind up, dissolve itself or sell or otherwise transfer any of its
      properties or assets outside the ordinary course of business;
      or (g)
      permit the amount of Borrower’s Working Capital as of the date hereof as
      determined by Lender to decline by an aggregate amount exceeding $25,000 between
      the date hereof and the Maturity Date. As used in this Note, “Working Capital”
shall mean, for any period of determination and measured on a consolidated
      basis
      with any consolidated subsidiaries, the difference of (x) the sum of Borrower’s
      cash and cash equivalents plus the amount of Borrower’s accounts receivable plus
      the fair market value of Borrower’s inventory plus its prepaid expenses minus
      (y) the aggregate sum of Borrower’s accounts payables plus accrued
      expenses.

     

      Events
      of Default; Remedies; Acceleration.
      Upon
      and at any time following the occurrence of any Event of Default, Lender's
      obligations to make future advances shall terminate, and Lender
      may (i) proceed to protect and enforce Lender’s rights by suit in equity, action
      at law and/or other
      appropriate proceeding, either for specific performance of any covenant or
      condition contained in this Note or in any instrument or document delivered
      to
      Lender pursuant to this Note, or in aid of the exercise of any power granted
      in
      this Note or any such instrument or document, (ii) by notice in writing to
      Borrower declare all or any part of the unpaid balance of the Obligations then
      outstanding to be immediately due and payable, and/or (iii) proceed to enforce
      payment of the Obligations in such manner as Lender may elect,
      including the foreclosure of the Collateral and the sale of the assets in a
      public or private sale, and
      to
      realize upon any and all rights of Lender hereunder. To the extent not
      prohibited by applicable law which cannot
      be
      waived, all of Lender’s rights hereunder shall be cumulative. Lender shall have
      all other rights and remedies not inconsistent herewith as provided under
      applicable law or in equity, and no exercise by Lender of one right or remedy
      shall be deemed an election, and no waiver by Lender of any Event of Default
      shall be deemed a continuing waiver. No delay by Lender shall constitute a
      waiver, election or acquiescence by it. The occurrence of any one or more of
      the
      following events (regardless of the reason therefor) shall constitute an
“Event
      of Default”
      hereunder: 

     

      Borrower
      (i) fails to make any payment of outstanding principal balance of this Note,
      or
      interest thereon, or any of the other Obligation when due and payable, or (ii)
      fails to pay or reimburse Lender for any cost or expense reimbursable hereunder
      when due and payable;

     

      Borrower
      fails or neglects to perform, keep or observe any of the provisions of
Section
      11
      or
Section
      12,
      including without limitation any failure of Borrower to deliver any Borrowing
      Certificate in accordance with the terms of this Note;

     

      Any
      representation or warranty made in this Note or any other writing made by or
      on
      behalf of Borrower in connection herewith and the transactions contemplated
      hereby proves to have been false or incorrect in any material respect on the
      date as of which made;

     

      A
      case or
      proceeding is commenced against Borrower seeking a decree or order (i) under
      Title 11 of the United States Bankruptcy Code (11 U.S.C. §§101 et
      seq.,
      as
      amended, and any successor statute, the “Bankruptcy
      Code”),
      or
      any other applicable federal, state or foreign bankruptcy 

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

      or
      other
      similar law, rule or regulation, (ii) appointing a custodian, receiver,
      liquidator, assignee, trustee or sequestrator (or similar official) for Borrower
      or for any substantial part of Borrower’s assets, or (iii) ordering the
      winding-up or liquidation of the affairs of s Borrower, and such case or
      proceeding shall remain undismissed or unstayed for sixty (60) days or more
      or a
      decree or order granting the relief sought in such case or proceeding shall
      be
      entered by a court of competent jurisdiction;

     

      Borrower
      (i) files a petition seeking relief under the Bankruptcy Code, or any other
      applicable federal, state or foreign bankruptcy or other similar law, rule
      or
      regulation, (ii) consents to or fails to contest in a timely and appropriate
      manner the institution of proceedings thereunder or the filing of any such
      petition or the appointment of or taking possession by a custodian, receiver,
      liquidator, assignee, trustee or sequestrator (or similar official) for Borrower
      or for any substantial part of Borrower’s assets, (iii) makes an assignment for
      the benefit of creditors, (iv) takes any action in furtherance of any of the
      foregoing; or (v) admits in writing its inability to, or is generally unable
      to,
      pay its debts as such debts become due; 

     

      If
      this
      Note or any financing statement, document or other instrument executed,
      delivered or filed in connection herewith or with the security interest granted
      to Lender hereunder, shall, for any reason, fail or cease to create a valid
      and
      perfected lien on or security interest in any or all of the
      Collateral.

     

    (g) If
      under
      any of the other Subject Promissory Notes, an Event of Default (as defined
      in
      such other Subject Promissory Note) shall occur

     

      Certain Rights
      and Waivers.
      To the
      extent not prohibited by the provisions of applicable law, Borrower hereby
      expressly waives: (a) all presentments, demands for performance, notices of
      nonperformance (except to the extent required by this Note), protests, notices
      of protest and notices of dishonor; (b) any requirement of diligence or
      promptness on the part of Lender in the enforcement of its rights under this
      Note; (c) any and all notices of every kind and description which may be
      required to be given by any statute or rule of law; and (d) any defense (other
      than indefeasible payment in full) which it may now or hereafter have with
      respect to its liability under this Note.

     

      Assignments.
      Borrower may not assign or transfer any of its rights or obligations hereunder
      without the express, written consent of Lender. Any such purported assignment
      or
      transfer by Borrower without the express, written consent of Lender shall be
      null and void ab
      initio.
      

     

      Costs
      and Expenses.
      Borrower agrees to pay all costs and expenses of Lender, including without
      limitation all fees and disbursements of counsel, advisors, consultants,
      examiners and appraisers for Lender, in connection with (a) any enforcement
      (whether through negotiations, legal process or otherwise) of this Note, (b)
      any
      workout or restructuring of this Note during the pendency of one or more Events
      of Default, (c) any bankruptcy case or proceeding of Borrower or any appeal
      thereof, and (iv) upon the occurrence and during the continuance of an Event
      of
      Default, any efforts to verify, protect, evaluate, assess, appraise, collect,
      sell, liquidate or otherwise dispose of any of the Collateral.

     

      CHOICE
      OF LAW. THE
      VALIDITY OF THIS NOTE, THE CONSTRUCTION, INTERPRETATION, AND ENFORCEMENT HEREOF,
      AND THE RIGHTS OF THE BORROWER AND LENDER WITH RESPECT TO ALL MATTERS ARISING
      HEREUNDER OR RELATED HERETO SHALL BE DETERMINED UNDER, GOVERNED BY, AND
      CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF
      CALIFORNIA, WITHOUT
      REFERENCE TO CONFLICTS OF LAW PRINCIPLES EXCEPT TO THE EXTENT NECESSARY TO
      ENFORCE THIS CHOICE OF LAW PROVISION.

     

    
      
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          -

        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    

     

      Notices.
      All
      communications hereunder shall be in writing and shall be deemed to be duly
      given and received (a) upon delivery if delivered personally or upon confirmed
      transmittal if by facsimile, (b) on the next Business Day if
      sent
      by overnight courier, or (c) four (4) Business Days after mailing if mailed
      by
      prepaid registered mail, return receipt requested, in each case to the
      appropriate notice address or facsimile number set forth below or at such other
      address or facsimile number as any party listed below may have furnished to
      the
      other party listed below by giving such other party notice in the manner set
      forth in this Section
      18.
      If to
      Lender, at M.A.G. Capital, LLC, 555 South Flower Street, Suite 4200, Los
      Angeles, California 90071, Attention: Harry Aharonian, Fax: (213) 533-8285,
      and
      if to Borrower, at Invisa, Inc. 6935 15th Street East, Suite 120, Sarasota,
      Florida 34243, Attention: Ed King, Fax: (941) 355-9373.

     

    [Remainder
      of Page Intentionally Blank]

     

    

     

    
      
        
          Promissory
            Note

        

        
        

      

      
        7

        
          

        

      

      
        
        

        
        

      

    

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

     

    
      	 	
              INVISA,
                INC.

               

              By:
                /s/ Edmund C. King______

              Name:Edmund
                C. King

              Title:
                Chief Financial Officer

            
	 	 

    

    

    

    
      
        
          Signature
            Page to Promissory Note

        

        
        

      

      
        8

        
          

        

      

      
        
        

        
        

      

    

    

    Schedule
      1

    

    
      	
              Lender’s
                Account

               

            

    

    

    Account
      Name:  Morgan
      Stanley

    

    Bank
      Name: Citibank
      NY

    

    Bank
      Routing Number: 021000089

    

    Account
      Number: 388-90774

    

    
      	
              Special
                Instructions:

            	
              For
                benefit of MAG Capital LLC account number
                38-C1844

            

    

    

    

    
      
        
          Schedule
            1 to Promissory Note

        

        
        

      

      
        9

        
          

        

      

      
        
        

        
        

      

    

    

    Schedule
      2

    

    
      	
              Schedule
                of Advances

               

            

    

    

    

      

      
 

    

    

    
      
        -
          -

        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    

    
      
        -
          -

        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    
      
        -
          -

        
        

      

      
        12

        
          

        

      

      
        
        

      

    

    Schedule
      3

    

    
      	
              Permitted
                Indebtness and Liens

               

            

    

    Schedule
      3, Part 1

     

    Indebtedness
      in the amount of $6000.00 owing by Borrower to Express Systems Corporation
      ("Plaintiff") in accordance with that certain Settlement Agreement between
      Plaintiff and Borrower, as defendant (the "Settlement Agreement") in respect
      of civil action Case No. 2005-CA-10032-NC in the Circuit Court of the
      Twelfth Judicial Circuit in and for Sarasota County, Florida. 

     

    Schedule
      3, Part 2

     

    Permitted
      Liens:

     

    The
      lien
      or security interest in favor of Plaintiff (as defined above) created in
      connection with the Settlement Agreement (as defined above), which lien or
      security interest is referenced in a financing statement filing with
      the Florida Department of State.  

    

    
      
        -
          -

        
        

      

      
        13

        
          

        

      

      
        
        

      

    

    Exhibit
      A

    

    
      	
              Borrowing
                Certificate

               

            

    

    

    ___________,
      2006

    

    Ocean
      Park Advisors, LLC

    6033
      West
      Century Boulevard, Suite 850

    Los
      Angeles, California 90045

    Attention:
      Heng Chuk 

    

    M.A.G.
      Capital, LLC

    555
      South
      Flower Street, Suite 4200 

    Los
      Angeles, California 90071

    Attention:
      Harry Aharonian

    

    Dear
      Ladies and Gentlemen:

    

    Reference
      hereby is made to the Promissory Note dated as of October 10, 2006 (as amended,
      restated, supplemented or otherwise modified from time to time, the “Note”),
      made by Invisa, Inc., a Nevada corporation (“Borrower”),
      payable to the order of M.A.G. Capital, LLC, a California limited liability
      company (together with its successors and assigns, “Lender”).
      Capitalized terms used herein, and not otherwise defined herein, have their
      respective meanings given them in the Note.

    

      This
        Borrowing Certificate is delivered prior to the forthcoming Advance on
        ______________ as set forth on Schedule 2
        of the
        Note (such, Advance, the “Subject
        Advance”).

    

    1. I,
      _______________, am the duly elected, qualified and acting _______________
      of
      Borrower, and I hereby certify the following:

    

    (a) 
      Attached
      hereto as Exhibit
      1
      is a
      true, complete and correct schedule of Permitted Payments made to the Permitted
      Payees set forth therein, listing the dates and amounts of such Permitted
      Payments, and each such Permitted Payment has been made in strict accordance
      with Schedule 2 of the Note.

    

    (b) (i)
      As of
      the date hereof, (ii) as of the date for the Subject Advance, and (iii) after
      giving effect to the Subject Advance: 

    

    (A)
      the
      representations and warranties of Borrower contained in the Note are true and
      correct in all material respects on and as of the date of the Subject Advance
      as
      though made on and as of such date (except to the extent that such
      representations and warranties solely relate to an earlier date); and

    

    (B)
      no
      Default or Event of Default has occurred and is continuing on the date of the
      Subject Advance, or would result therefrom.

    

    [Remainder
      of Page Intentionally Blank]

    

    

    
      
        
          

        

        
        

      

      
        14

        
          

        

      

      
        
        

        
        

      

    

    

     

    Very
      truly yours, 

     

     

    

     

     

    INVISA,
      INC.

     

     

    

     

     

    By:
      /s/
      Edmund C. King______________________

     

     

    Name:
      Edmund C. King

     

     

    Title:
      Chief Financial Officer

     

    

     

    

     

    
      
        
          

        

        
        

      

      
        15

        
          

        

      

      
        
        

        
        

      

    

    Exhibit
      1 to Borrowing Certificate

     

    [Borrower
      to Attach Evidence of Permitted Payments]

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