Document:

EXHIBIT 10.7

                           PURCHASE AND SALE AGREEMENT

HANSON RESOURCES COMPANY, 4 STAR VENTURES, L.P., BASTANTE MAS, LTD., A.M. BROWN
FAMILY LIMITED PARTNERSHIP, FLETCHER VENTURES, LLC, WILLIAM KIMBLE, PRECIO OIL &
    GAS, LLC, KAYE THOMPSON, SIERRA VISTA VENTURES, L.P., LINDA C. BARBER, B.J.
  DREHR, BARBARA A. HANSON, KURT M. HANSON, GEORGE E. JOCHETZ III, KAREN SMITH,
                       JOHN J. SURKO, NEIL E. HANSON, AND
                  BSC MINERALS, LTD. (COLLECTIVELY, "SELLERS")

                                       AND

                     NEW CENTURY ENERGY CORP. ("PURCHASER")

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                                TABLE OF CONTENTS

                                                                            PAGE

Recitals                                                                      6

1.     Effective Date                                                         6

2.     Purchase and Sale                                                      6

       A.     Working Interest Group                                          7

       B.     Royalty Group                                                   7

              1)     Overriding Royalties                                     7

              2)     Term Royalties                                           7

3.     Apportionment of Proceeds                                              7

4.     Excluded Assets                                                        7

5.     Sales Price                                                            8

6.     Restricted Stock Issuance                                              8

7.     Sellers' Representations Regarding Stock Issuance                      8

8.     Restrictions on Transferability of Shares                              8

9.     Registration Rights                                                    9

10.    Manner of Payment                                                      9

11.    Adjustments                                                            9

12.    Post-Closing Adjustments                                              10

13.    Closing                                                               10

14.    Purchaser's Due Diligence                                             11

       A.     Access to Sellers' Non-Proprietary Information                 11

       B.     Title Defect                                                   11

       C.     Notice of Title Defect                                         12

       D.     Remedies for Title Defects                                     12

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                                                                            PAGE

       E.     Permitted Encumbrances                                         13

15.    Representations                                                       14

       A.     Mutual Representations                                         14

       B.     Brokers                                                        15

       C.     Further Distribution                                           15

       D.     Sellers' Representations                                       15

16.    Disclaimer of Representations and Warranties                          16

17.    Conditions of Closing                                                 18

       A.     Representations                                                18

       B.     Performance                                                    18

       C.     Pending Matters                                                18

       D.     Financial Condition                                            18

       E.     Obtaining Finance                                              18

18.    Indemnification regarding Lawsuit Claims                              18

19.    Option to Purchase                                                    19

20.    Allocation  of Production and Proceeds                                19

21.    Taxes and Prepaid Items                                               19

       A.     Apportionment of Ad Valorem and Property Taxes                 19

       B.     Proration of Taxes, Etc                                        19

       C.     Other Taxes                                                    20

22.    Indemnification                                                       20

23.    General Limitation of Damages                                         22

24.    Physical Condition of the Interests                                   22

25.    Further Assurances                                                    23

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                                                                            PAGE

26.    Notices                                                               24

27.    Purchaser's Post-Closing Obligation                                   24

28.    Sellers' Post-Closing Obligations                                     24

29.    Severability                                                          24

30.    Waiver                                                                25

31.    Construction of Ambiguity                                             25

32.    Captions                                                              25

33.    Governing Law                                                         25

34.    Waiver of Jury Trial                                                  25

35.    Limitation of Liability                                               25

36.    Publicity                                                             25

37.    Use of Sellers' Names                                                 25

38.    Counterparts                                                          26

39.    Assignment                                                            26

40.    Costs and Expenses                                                    26

41.    Joint Venture, Partnership and Agency                                 26

42.    Confidentiality                                                       26

43.    Survival                                                              26

44.    Limitations of Obligations                                            26

45.    Entire Agreement                                                      26

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EXHIBITS
A.     Working  Interests

B.     Overriding  Royalty  Interests

C.     Term  Royalty  Interests

D.     Apportionment  of  Proceeds

E-1.   Assignment  of  Working  Interest

E-2.   Assignment  of  Working  Interest

E-3.   Assignment  of  Working  Interest

F.     Assignment  of  Overriding  Royalty  Interests

G-1.   Assignment  of  Term  Royalty  Interest

G-2.   Assignment  of  Term  Royalty  Interest

H.     Subscription  Agreement  in  New  Century  Energy  Corp.

<PAGE>

                           PURCHASE AND SALE AGREEMENT

     THIS  PURCHASE  AND SALE AGREEMENT ("Agreement") is made to be EFFECTIVE as
of the 24th day of June, 2005, between Hanson Resources Company, 4 Star Ventures
L.P.,  Bastante  Mas,  Ltd.,  A.M.  Brown  Family  Limited Partnership, Fletcher
Ventures,  LLC,  William  Kimble,  Precio  Oil & Gas, LLC, Kaye Thompson, Sierra
Vista  Ventures,  L.P.,  Linda C. Barber, B.J. Drehr, Barbara A. Hanson, Kurt M.
Hanson,  George  E. Jochetz III, Karen Smith, John J. Surko, Neil E. Hanson, and
BSC  Minerals,  Ltd.  (collectively,  "Sellers") and New Century Energy Corp., a
Colorado  corporation,  with  a place of business at 5851 San Felipe, Suite 775,
Houston,  Texas  77057  ("Purchaser").

                                    RECITALS
                                    --------
     WHEREAS,  Sellers  desire  to  sell  to  Purchaser and Purchaser desires to
purchase  from  Sellers  on the terms and conditions set forth in this Agreement
Sellers'  interests  in  certain  oil  and  gas  properties  and  leases;

     WHEREAS,  4  Star  Ventures,  L.P.,  Bastante  Mas, Ltd., A.M. Brown Family
Limited  Partnership,  Fletcher Ventures, LLC, William Kimble, Precio Oil & Gas,
LLC,  Kaye Thompson, and Sierra Vista Ventures, L.P. own and desire to convey to
Purchaser  working  interests  in  certain leases that have been pooled into the
Lindholm-Hanson  Gas  Unit together with interests in a certain contiguous lease
(the "Working Interests");

     WHEREAS,  Linda  C.  Barber, B.J. Drehr, Barbara A. Hanson, Kurt M. Hanson,
George  E.  Jochetz III, Karen Smith, and John J. Surko own and desire to convey
to  Purchaser  certain  overriding  royalty  interests  arising  out  of working
interests  in  certain leases that have been pooled into the Lindholm-Hanson Gas
Unit  together  with  interests  in  a certain contiguous lease (the "Overriding
Royalties");

     WHEREAS,  Neil E. Hanson, BSC Minerals, Ltd., and George E. Jochetz III own
and  desire  to convey to Purchaser term royalties arising out of certain leases
covering  properties  located  on  the  Lindholm-Hanson  Gas  Unit  (the  "Term
Royalties");

     NOW,  THEREFORE,  for  good  and  valuable consideration and for the mutual
covenants herein contained, Sellers and Purchaser agree as follows:

1.     Effective  Date.  The  effective  date  of  the  sale and purchase of the
       ---------------
interests  provided  for  herein  shall be April 1, 2005 (the "Effective Date").

2.     Purchase  and  Sale.  Subject to the terms, conditions, reservations, and
       -------------------
exceptions  specified  in this Agreement, Sellers shall sell and Purchaser shall
purchase  as  of  the Effective Date certain interests in and to the oil and gas
leases and the properties located within and adjacent to the Lindholm-Hanson Gas
Unit  (the  "Unit"),  and all of Sellers' related interests in all contracts and
agreements  concerning  the  Working  Interests,  Overriding Royalties, and Term
Royalties, including, but not limited to, unit agreements and pooling agreements
(collectively  called  the  "Interests").  The  Interests  being  purchased  are
further  described  as  follows:

                                        6
<PAGE>

     A.   Working  Interest  Group.  The  Working  Interest  Group shall consist
          ------------------------
          of  the working interests of 4 Star Ventures L.P., Bastante Mas, Ltd.,
          A.M. Brown Family Limited Partnership, Fletcher Ventures, LLC, William
          Kimble,  Precio  Oil  &  Gas,  LLC,  Kaye  Thompson,  and Sierra Vista
          Ventures, L.P. in certain leases as described in Exhibit A.

     B.   Royalty  Group.  The  Royalty  Group  shall  consist  of:
          --------------

          1)   the  overriding  royalty  interests  of  Linda  C.  Barber,  B.J.
               Drehr,  Barbara  Hanson,  Kurt  M. Hanson, George E. Jochetz III,
               Karen Smith, and John J. Surko as described in Exhibit B; and

          2)   the  term  royalty  interests  of  Neil  E. Hanson, BSC Minerals,
               Ltd., and George E. Jochetz III as described in Exhibit C.

3.     Apportionment  of  Proceeds.  The  stock and cash proceeds of the sale as
       ---------------------------
described  below  shall be attributable among the Sellers in accordance with the
schedule  set  forth  on  Exhibit  D.

4.     Excluded  Assets.  Notwithstanding  anything to the contrary contained in
       ----------------
this  Agreement,the  Interests shall not include, and Purchaser will not acquire
any  interest  in or purchase, any of the following (collectively, the "Excluded
Assets"):

     A.   All  minute  books,  tax  returns,  partnership  documents  of Sellers
          or  any  of  their  affiliates  as  well  as other business records or
          related  documents  of Sellers or any of their affiliates that are not
          related to the Interests.

     B.   All  records  that  are  (i)  proprietary  in  nature, (ii) covered by
          the  attorney-client  privilege  or  work  product doctrine, (iii) not
          readily  severable  from  Sellers'  general  records  through diligent
          efforts,  or (iv) required by applicable Law to be retained by Sellers
          or any of Sellers' affiliates in their care, custody, or control.

     C.   All  rights  of  Sellers  or  any  of  Sellers'  affiliates under this
          Agreement.

     D.   All  contracts  or  agreements  related  solely  to  the  Excluded
          Assets.

     E.   All  rights  and  claims  arising,  occurring,  or existing in Sellers
          prior to the Effective Date including, but not limited to, any and all
          contract  rights, claims, penalties, receivables, revenues, recoupment
          rights,  rights  of  reimbursement,  audit  rights,  recovery  rights
          (excepting  gas  imbalances),  accounting  adjustments,  mispayments,
          erroneous  payments  or  other claims of any nature relating solely to
          any time period prior to the Effective Date.

     F.   Any  claims,  rights  and  interest  of  Sellers  or  any  of Sellers'
          affiliates  in  and  to  any  refunds  of  taxes or fees of any nature
          whatsoever which relate solely to and arise out of the period prior to
          the Effective Date.

     G.   The consideration received by Sellers hereunder.

                                        7
<PAGE>

5.     Sales  Price.  The  sales price for the Interests shall be $11,000,000.00
       ------------
attributable  as  follows:

     A.   Working Interest Group: $8,500,000.00; and

     B.   Royalty Group: $2,500,000.00.

6.     Restricted  Stock  Issuance.  As further consideration for the Interests,
       ---------------------------
Purchaser  will  issue  to Sellers 1,320,000 non-assessable restricted shares of
Purchaser's  common  stock  (the "Shares").  The Shares shall be fully paid upon
their  issuance  but  restricted as described in section 9.  The Shares shall be
attributable  as  follows:

     A.   Working Interest Group: 1,020,000 shares; and

     B.   Royalty Group: 300,000 shares.

7.     Sellers'  Representations  Regarding  Stock  Issuance.  Sellers  hereby
       -----------------------------------------------------
represent  and  warrant  to  Purchaser  as  follows:

     A.   Sellers  are  "Accredited  Investors"  as  that  term  is  defined  in
          Regulation D promulgated under the Securities Act of 1933;

     B.   Sellers  are  experienced  investors,  are  sophisticated  in  making
          investments  in  securities  of entities such as Purchaser and have no
          need for liquidity in their investment in the Shares.

     C.   Sellers  are  aware  that  Purchaser's  shares  constitute "Restricted
          Securities"  as that term is defined in Regulation D promulgated under
          the  Securities Act of 1933 and that any certificates representing the
          Shares will bear a restrictive legend.

     D.   Sellers  completed  the  "Subscription  Agreement  in  New  Century
          Energy Corp.," attached hereto as Exhibit H and verify the accuracy of
          Sellers' disclosures contained therein.

8.     Restrictions on Transferability of Shares.  Sellers hereby agree that the
       -----------------------------------------
Shares  and  any agreement or certificate evidencing the Shares shall be stamped
or  otherwise imprinted with a conspicuous legend in substantially the following
form:

"THE  SECURITIES  REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER
THE SECURITIES ACT OF 1933 OR ANY STATE SECURITIES ACT. THE SECURITIES HAVE BEEN
ACQUIRED  FOR  INVESTMENT  AND  MAY  NOT  BE  SOLD,  TRANSFERRED,  PLEDGED  OR
HYPOTHECATED UNLESS (I) THEY SHALL HAVE BEEN REGISTERED UNDER THE SECURITIES ACT
OF  1933  AND ANY APPLICABLE STATE SECURITIES ACT, OR (II) THE CORPORATION SHALL
HAVE  BEEN FURNISHED WITH AN OPINION OF COUNSEL, SATISFACTORY TO COUNSEL FOR THE
CORPORATION,  THAT  REGISTRATION  IS  NOT  REQUIRED  UNDER  ANY  SUCH  ACTS."

                                        8
<PAGE>

9.     Registration  Rights.  Sellers  agree that the Shares shall be restricted
       --------------------
securities  and  shall  not  be  immediately  transferable by Sellers.  However,
Purchaser  shall  keep  its  required Securities and Exchange Commission filings
current  so  that  the  Shares  will qualify for treatment under Rule 144 of the
Securities  Act of 1933 and be freely transferable one year from the date of the
execution  of  this  Agreement.

10.     Manner  of  Payment.  The  Sales  Price  shall  be  paid  as  follows:
        -------------------

     A.   At  the  Closing,  as  hereafter  defined,  Purchaser  shall  pay  the
          Sales  Price  to  Sellers  via  wire transfer of immediately available
          funds  (the  "Sales  Price  Funds")  to  the following account: Hanson
          Resources  Company,  Bank  of  Texas  Account  # 025007, ABA Routing #
          113017883.

     B.   Hanson  Resources  Company  shall  disburse  the  Sales Price Funds to
          the Sellers in accordance with this Agreement. Sellers agree to and do
          hereby  appoint Hanson Resources Company as their attorney in fact for
          the limited purpose of accepting and disbursing the Sales Price Funds.
          Purchaser  shall have fully performed its payment obligations when the
          Sales  Price Funds arrive in the designated account, and Sellers agree
          to  indemnify  and  hold  Purchaser harmless for damages or any claims
          resulting  from  any  failure  thereafter  concerning  the  proper
          disbursement of the Sales Price Funds.

11.     Adjustments.  The  Sales  Price  shall  be  adjusted  as  follows:
        -----------

     A.   Sellers  shall  pay  Purchaser  at  Closing  the  aggregate  amount of
          the  following  proceeds actually received by Sellers and attributable
          to  production  during  the  period between the Effective Date and the
          date  upon  which  the  Closing  occurs  (with  the period between the
          Effective  Date and the date of Closing referred to as the "Adjustment
          Period"):  (i) proceeds from the sale of oil, gas and hydrocarbons net
          of  gathering processing and transportation costs, and any production,
          severance, sales or excise and similar taxes not reimbursed to Sellers
          by  the  purchaser  of  production and (ii) other proceeds earned with
          respect to the Interests during the Adjustment Period;

     B.   Sellers  shall  pay  Purchaser  at  Closing  all  ad  valorem  taxes
          prorated to Sellers and assumed by Purchaser;

     C.   Purchaser  shall  pay  Sellers  at  Closing  the  amount  of all costs
          attributable  to the ownership and operation of the Interests that are
          paid by Sellers and incurred at or after the Effective Date, including
          the  $170,157.50  recently paid by Sellers for the Lindholm-Hanson Gas
          Unit No. 10 well to be drilled.

     D.   The  adjustments  made  pursuant  to  this  section, based on all then
          available  information  concerning these matters for adjustment, shall
          be made by checks to be exchanged at Closing.

                                        9
<PAGE>

12.     Post-Closing  Adjustments.
        -------------------------

     A.   As  soon  as  practicable  after  the  Closing  but  not later than 45
          days  thereafter,  Sellers  and  Purchaser shall confer and attempt to
          jointly  produce  in  accordance  with  this  Agreement  and generally
          accepted  accounting  principles,  a  statement  (herein  the  "Final
          Settlement Statement") setting forth each adjustment, if any, that was
          not  finally  determined as of the Closing and showing the calculation
          of  such adjustments. If needed, the parties shall attempt to agree to
          the  amounts  due  pursuant to such Post-Closing adjustments not later
          than 90 days after the Closing.

     B.   If  Purchaser  and  Sellers  are  unable  to  agree  upon  a  Final
          Settlement  Statement within one-hundred (100) days after the Closing,
          Sellers  shall  select  an  independent accounting firm from a list of
          three  (3)  such  firms  provided  by Purchaser upon Sellers' request,
          which  firm shall audit the Purchaser's Final Settlement Statement and
          the  Sellers'  Final  Settlement  Statement  and  determine  the final
          purchase price. The decision of such independent accounting firm shall
          be binding on Purchaser and Sellers, and the fees and expenses of such
          independent  accounting  firm  shall  be  borne  one-half  by  each of
          Purchaser and Sellers.

13.     Closing.  The  sale  and purchase of the Interests shall take place at a
        -------
closing (the "Closing"), at which the Purchaser shall pay or cause to be paid to
Sellers  the  Sales  Price  and any applicable closing charges and Sellers shall
deliver  or cause to be delivered instruments sufficient to convey the Interests
to  Purchaser.  The  Closing  shall  occur  at Hanson Resources Company's office
located  at  6363  Woodway, Suite 600, Houston, Texas 77057 at 2:00 p.m., CST on
June  30,  2005,  or at such other time and place to which the parties may agree
(the  "Closing  Date").  At  the  Closing,  the  following  shall  occur:

     A.   Sellers shall deliver executed and acknowledged Assignments for:

          1)   The  Working  Interests  in  substantially  the  same  form  as
               those attached as Exhibits E-1, E-2, and E-3;

          2)   The  Overriding  Royalties  in  substantially  the  same  form as
               that attached as Exhibit F;

          3)   The  Term  Royalties  in  substantially  the  same  form as those
               attached as Exhibits G-1 and G-2; and

          4)   Notwithstanding  any  and  all  other  disclaimers  and
               limitations  of  warranty  contained  herein,  the  specified
               assignments shall be provided with warranty of title by, through,
               and  under the respective Sellers, but not otherwise, and subject
               to:  (a)  all  Title  Defects  assumed  by  Purchaser pursuant to
               section  14.D;  and  (b)  the  Permitted Encumbrances pursuant to
               section 14.E.

                                       10
<PAGE>

     B.   Purchaser  shall  wire  to  Sellers'  designee,  Hanson  Resources
          Company, the Sales Price and deliver any check due under section 11.C.

     C.   Sellers  shall  deliver  to  Purchaser  any  check  due under sections
          11.A. and 11.B.

     D.   Sellers  shall  (subject  to  the  terms  of  applicable  operating
          agreements and other provisions hereof) deliver to Purchaser exclusive
          possession of the Interests, effective as of the Effective Date.

     E.   Immediately  after  the  Closing,  Purchaser  shall  notify  all
          operators,  non-operators, oil and gas purchasers, government agencies
          and royalty owners that it has purchased the Interests and execute any
          and all transfer orders to reflect the same.

     F.   Sellers  shall,  at  or  as  promptly as reasonably possible after the
          Closing,  provide  Purchaser with copies of all files (OTHER THAN DATA
          OR  INFORMATION WHICH SELLERS CONSIDERS PROPRIETARY OR CONFIDENTIAL OR
          WHICH  SELLERS  CANNOT  PROVIDE  PURCHASER  BECAUSE  OF  THIRD-PARTY
          RESTRICTIONS  ON  SELLER),  to  the extent they are available to or in
          Sellers'  possession  relating to the Interests. This will include all
          well  and  property  files,  including  all  geological  well  logs,
          engineering, geophysical land, accounting and other technical files in
          its possession.

14.     Purchaser's  Due  Diligence.  Subject  to  Purchaser's  execution  of  a
        ---------------------------
Confidentiality  Agreement  satisfactory  in  form  and  substance  to  Seller:

     A.   Access  to  Sellers'  Non-Proprietary  Information.  Sellers  have and
          --------------------------------------------------
          shall  make  available  to  Purchaser  during normal business hours at
          Sellers'  offices,  or  other  locations  designated  by  Sellers, all
          material  non-proprietary  files,  records,  documents  and
          non-interpretive  data  in  Sellers'  possession  relating  to  the
          Interests,  including  but  not  limited  to,  lease,  land, title and
          division order files (including any abstracts of title, title opinions
          and  title  curative  documents),  regulatory and environmental files,
          contracts,  correspondence,  permitting files, engineering, production
          and  well files and well logs (to the extent not subject to applicable
          confidentiality  or intellectual property restrictions). Sellers shall
          not  be  obligated  to  perform  any additional title work and Sellers
          shall  not  be  obligated  to  make  any  existing abstracts and title
          opinions current.

     B.   Title  Defect.  For  the  purpose  of this Agreement, a "Title Defect"
          -------------
          shall  mean  a  material  deficiency  in  one or more of the following
          respects,  provided  that  the  non-transferability requirement in any
          license,  permit,  right-of-way,  pipeline  franchise  or  easement
          affecting  the Interests or a requirement that it be renegotiated upon
          a transfer of ownership shall not constitute a Title Defect unless the
          inability  to  transfer  any  such  rights  to  Purchaser would have a
          material  adverse  effect  on  Purchaser's ability to continue to use,
          exploit, and/or otherwise benefit from the Interests:

          1)   The  title  at  the  Effective  Date,  as  to  one or more of the
               Interests,  is subject to an outstanding mortgage, deed of trust,
               lien or encumbrance or other adverse claim;

                                       11
<PAGE>

          2)   The  interest  in  any  of  the  properties  is  less than as set
               forth in Exhibits A, B and C for such property; or

          3)   One  or  more  of  Sellers  is  in  default  under  some material
               provision  of  a  lease,  agreement  or other contract materially
               affecting the Interests.

     C.   Notice  of  Title  Defect.  Upon  discovery  of  a  Title  Defect,
          -------------------------
          Purchaser shall immediately notify Sellers in writing of the nature of
          the  Title  Defect  and  furnish  Sellers  Purchaser's  basis  for the
          assertion  of  such  Title Defect and data in support thereof. Sellers
          may request an increase in the Sales Price by delivery to Purchaser of
          written  notice,  together  with  data  in  support  thereof, that the
          interest  actually  owned  by one or more of the Sellers in any of the
          Interests  is  greater than that shown on Exhibit A, B or C. Any Title
          Defect  which  is  not  disclosed  to  Sellers  or any increase in the
          interest  owned  by  one  or  more of Sellers that is not disclosed to
          Purchaser,  within  two  (2)  business days prior to the Closing shall
          conclusively  be deemed waived by Purchaser or Sellers, as applicable,
          for all purposes.

     D.   Remedies  for  Title  Defects.  Upon  timely  delivery  of  notice,
          -----------------------------
          either  by Purchaser of a Title Defect or by Sellers of an increase in
          Sellers' interest, Purchaser and Sellers shall meet and use their best
          efforts  to  agree  on the validity of the claim and the amount of any
          required  adjustment  to the Sales Price. If the Purchaser and Sellers
          cannot  agree  on  the  amount  of such a Sales Price adjustment, said
          amount  shall  be  determined  in  accordance  with  the  following
          guidelines:

          1)   If  the  Title  Defect  is  based  upon  Purchaser's  notice that
               one  or  more of the Sellers owns a lesser interest or the notice
               is  from  Sellers  to  the effect that one or more of the Sellers
               owns  a  greater  interest than that shown on Exhibits A, B, or C
               then  the  portion  of  the  Sales  Price fairly allocated to the
               affected  property shall be reduced or increased (as the case may
               be)  in the same proportion that the actual interest bears to the
               interest shown in Exhibit A, B or C for such property.

          2)   If  the  Title  Defect  is  a  lien,  encumbrance or other charge
               upon  a  property  which  is  liquidated  in  amount,  then  the
               adjustment  shall  be the sum necessary to be paid to the obligee
               to  remove  the  Title  Defect from the affected property. If the
               Title Defect represents an obligation or burden upon the affected
               property  for  which the economic detriment to one or more of the
               Sellers  is  not  liquidated but can be estimated with reasonable
               certainty  as  agreed  to by the parties, the adjustment shall be
               the  sum necessary to compensate Purchaser at the Closing for the
               adverse  economic  effect which the Title Defect will have on the
               affected  property. If there is a lien or encumbrance in the form
               of  a  judgment  secured  by a supersedeas bond or other security
               approved  by  the  Court  issuing  such  order,  such  lien  or
               encumbrance  shall  not  be  considered a Title Defect under this
               Agreement.

                                       12
<PAGE>

          3)   Subject  to  paragraph  4  below,  if  the Title Defect cannot be
               accommodated  pursuant  to paragraph 1 or 2 above and the parties
               cannot otherwise agree on the amount of such an adjustment to the
               Sales  Price  or  Sellers  cannot  cure  the  Title Defect to the
               reasonable  satisfaction  of  Purchaser prior to the Closing, the
               portion  affected  by  the  Title  Defect  shall, if requested by
               Purchaser,  be  excluded from the Interests conveyed to Purchaser
               at the Closing and the Sales Price shall be reduced by the amount
               allocated to the affected property in Exhibit D.

          4)   Purchaser  may  only  adjust  the  Sales  Price for Title Defects
               at  the  Closing  if the cumulative amount of such adjustments in
               its  favor exceeds $25,000.00. Similarly, Sellers may only adjust
               the  Sales  Price  by  reason of the Sellers owning a greater net
               revenue  interest at the Closing if the cumulative amount of such
               adjustments in its favor exceeds $25,000.00. In the event the net
               amount of the Sales Price adjustments downward or upward pursuant
               to  the  foregoing  exceeds $250,000.00 then Sellers or Purchaser
               may,  upon  written  notice  to  the  other party, terminate this
               Agreement and the same shall be of no further force and effect.

          5)   If  Purchaser  shall  receive  an  adjustment  at  the Closing on
               account  of  a Title Defect, Sellers shall have until a date that
               is 90 days after the Closing Date to cure the Title Defect at its
               cost.  If  by  such  date  Sellers can demonstrate to Purchaser's
               reasonable  satisfaction  the  Title  Defect  has been cured then
               Sellers  shall  be entitled to reimbursement by Purchaser for the
               amount  of the adjustment received by Purchaser at the Closing as
               a  result  of  the  Title Defect. Purchaser shall pay such amount
               without  interest  to  Sellers within ten (10) business days from
               the date that the parties agree the Title Defect has been cured.

     E.   Permitted  Encumbrances.  The  Interests  may  be subject to and Title
          -----------------------
          Defects shall not include the following ("Permitted Encumbrances"):

          1)   Non-participating  royalty  interests  and  other  burdens  (and
               any  liens  or  security  interests created by law or reserved in
               instruments creating such interests to secure payment of same) to
               the  extent  that  they do not, individually or in the aggregate,
               reduce  Sellers'  interests below that shown in Exhibits A, B and
               C;

          2)   All  leases,  unit  agreements,  pooling  agreements,  operating
               agreements, production sales contracts, division orders and other
               contracts,  agreements  and  instruments  applicable  to  the
               Interests, to the extent that they do not, individually or in the
               aggregate, reduce Sellers' interests below that shown in Exhibits
               A, B and C;

          3)   Third-party  consent  requirements,  preferential  rights  or
               other  rights  assertable  by third parties with respect to which
               waivers  or consents are obtained by Sellers prior to the Closing
               or  the  appropriate  time  period  for  asserting  the right has
               expired or that need not be satisfied prior to a transfer;

                                       13
<PAGE>

          4)   Liens  for  current  taxes  or  assessments  not  yet  due  or
               delinquent  on  the  Closing  or,  if  delinquent, that are being
               contested in the ordinary course of business;

          5)   Materialmen's,  mechanic's,  repairman's,  employee's,
               contractor's,  operator's  and  other  similar  liens  or charges
               arising  in  the ordinary course of business, for amounts not yet
               delinquent;

          6)   All  rights  to  consent  by,  required  notices to, filings with
               or  other  actions by governmental authorities in connection with
               the sale or conveyance of oil and gas leases or interests therein
               or  sale  of  production  therefrom  if  the same are customarily
               obtained subsequent to such sale or conveyance;

          7)   Easements,  rights  of  way,  servitudes,  permits,  surface
               leases  and  other  rights in respect of surface operations on or
               over  any  of the Interests that do not materially interfere with
               the current or proposed operations on the Interests; or

          8)   Any  encumbrances  that  do  not,  individually  or  in  the
               aggregate,  materially  detract  from  the value of or materially
               interfere  with  the use, ownership or operation of the Interests
               subject  thereto or affected thereby (as currently used, owned or
               operated)  or  that  would  be  accepted  by a reasonably prudent
               purchaser engaged in the business of owning and operating oil and
               gas properties in Texas.

15.     Representations.  THE  EXPRESS  REPRESENTATIONS OF SELLERS AND PURCHASER
        ---------------
CONTAINED  IN THIS PARAGRAPH OR OTHERWISE STATED IN THIS AGREEMENT ARE EXCLUSIVE
AND  ARE  IN  LIEU OF ALL OTHER REPRESENTATIONS, EXPRESS, IMPLIED, STATUTORY, OR
OTHERWISE.

     A.   Mutual  Representations.  Each  party  to  this  Agreement  represents
          -----------------------
          that:

          1)   if  the  party  is  not  an  individual then it is an entity duly
               organized,  validly  existing and in good standing under the laws
               of  the  State  of  its organization or incorporation and is duly
               qualified to do business in Texas;

          2)   the  party  has  all  authority  necessary  to  enter  into  this
               Agreement  and  to  perform  all  of  the  party's  obligations
               hereunder;

          3)   the  party's  execution,  delivery  and  performance  of  this
               Agreement  and the transactions contemplated hereby will not: (a)
               violate  or  conflict  with  any  provision of its Certificate of
               Organization  or  Incorporation,  By-Laws  or  other  governing
               documents;  (b)  result in the breach of any term or condition of
               or  constitute  a  default  or  cause  the  acceleration  of  any
               obligation  under  any agreement or instrument to which the party
               is  a  party  or  by  which the party is bound; or (c) violate or
               conflict  with  any  applicable  judgment, decree, order, permit,
               law, rule or regulation;

                                       14
<PAGE>

          4)   this  Agreement  has  been  duly  executed  and  delivered on the
               party's  behalf, and at the Closing all documents and instruments
               required  hereunder  will  have been duly executed and delivered.
               This  Agreement,  and  all  documents  and  instruments  required
               hereunder,  shall constitute legal, valid and binding obligations
               enforceable in accordance with their respective terms; and

          5)   the  party  has  been  represented  by  legal  counsel of its own
               selection who has reviewed this Agreement.

     B.   Brokers.  Neither  Sellers  nor  Purchaser  has  incurred  any
          -------
          obligation  or  liability,  contingent  or  otherwise, for brokers' or
          finders'  fees  in  connection with this Agreement in respect of which
          the  other  party may have any responsibility; and any such obligation
          or  liability  that  might  exist  shall be the sole obligation of the
          party whose action gave rise thereto.

     C.   Further  Distribution.  Purchaser  is  acquiring  the  Interests  for
          ---------------------
          its own account and not with the intent to make a distribution thereof
          within  the meaning of the Securities Act of 1933, as amended, and the
          rules  and  regulations  thereunder  or  in  violation  of  any  other
          applicable securities laws.

     D.   Sellers'  Representations.  Except  as  expressly  disclaimed  in
          -------------------------
          section  16  hereof,  Sellers  represent  the following to the best of
          their knowledge and belief:

          1)   The  Interests  are  owned  as  represented, and the Sellers have
               the authority and capacity to sell and convey the same;

          2)   None  of  the  Sellers  have  defaulted or violated any agreement
               to which they are a party in any material respect or any material
               obligation  to which Sellers are bound affecting or pertaining to
               the Interests other than as disclosed hereunder or on any Exhibit
               attached hereto;

          3)   There  are  no  pending  suits,  actions,  claims, investigations
               or any legal, administrative or arbitration proceedings affecting
               or  pertaining  to  the  Interests  other  than  Cause  No.
               M-05-0003-CV-A,  Neil E. Hanson, et al. v. Hazel Andrews, et al.,
               in the 36th Judicial District Court of McMullen County, Texas;

          4)   The  oil  and  gas  leases  included  within  and  underlying the
               Interests are in full force and effect;

          5)   To  the  knowledge  of  Seller,  all  material  royalties  (other
               than  royalties held in suspense), rentals and other payments due
               under  the  leases  described  in  Exhibits  A, B and C have been
               properly  and  timely  paid, and all conditions necessary to keep
               such  leases  in force have been fully performed. No notices have
               been received by Sellers of any claim to the contrary;

          6)   From  June  1,  2005,  until  Closing,  there  has  not  been and
               will not be:

                                       15
<PAGE>

               (i)  Any  material  damage,  destruction  or  loss  to  or of the
                    Interests  or  related  assets,  whether  or  not covered by
                    insurance;

               (ii) Any  sale,  lease  or  other  disposition  of  the Interests
                    or related assets;

               (iii) Any  mortgage,  pledge  or  grant  of  a  lien  or security
                    interest in any of the Interests; or

               (iv) Any contract or commitment to do any of the foregoing.

          7)   There  will  not  be  as  of  Closing  any  imbalances  in  the
               purchase  and  sale  of oil and gas from the Interests that would
               impair  the ability of Purchaser to receive future payments for a
               share of production of oil and gas proportionate to the Interests
               being purchased; and

          8)   The  amount  of  $170,157.50  has  been  paid to the operator for
               Sellers'  share  of expenses for drilling the Lindholm-Hanson Gas
               Unit No. 10 well.

16.     Disclaimer  of  Representations  and  Warranties.
        ------------------------------------------------

     A.   EXCEPT  AS  PROVIDED  FOR  IN  SECTIONS  13.A.4)  and  15,  THE
          TRANSACTION  CONTEMPLATED  HEREBY  SHALL  BE  WITHOUT  ANY WARRANTY OR
          REPRESENTATION  OF  TITLE,  EITHER  EXPRESS,  IMPLIED,  STATUTORY  OR
          OTHERWISE,  WITHOUT  ANY EXPRESS, IMPLIED, STATUTORY OR OTHER WARRANTY
          OR  REPRESENTATION AS TO THE CONDITION, QUANTITY, QUALITY, FITNESS FOR
          A  PARTICULAR  PURPOSE,  FREEDOM  FROM  REDHIBITORY  VICES OR DEFECTS,
          CONFORMITY TO MODELS OR SAMPLES OF MATERIALS OR MERCHANTABILITY OF ANY
          OF  THE EQUIPMENT OR ITS FITNESS FOR ANY PURPOSE AND WITHOUT ANY OTHER
          EXPRESS,  IMPLIED,  STATUTORY  OR  OTHER  WARRANTY  OR  REPRESENTATION
          WHATSOEVER.  PURCHASER  SHALL  HAVE  INSPECTED  OR WAIVED ITS RIGHT TO
          INSPECT  THE  INTERESTS  FOR  ALL  PURPOSES AND SATISFIED ITSELF AS TO
          THEIR  PHYSICAL  AND  ENVIRONMENTAL  CONDITION,  BOTH  SURFACE  AND
          SUBSURFACE,  INCLUDING  BUT  NOT  LIMITED  TO  CONDITIONS SPECIFICALLY
          RELATED  TO  THE  PRESENCE  OR RELEASE OR ONSITE DISPOSAL OF HAZARDOUS
          SUBSTANCES,  AND  THE CONDITION OF ANY WELL CASING, TUBING OR DOWNHOLE
          EQUIPMENT.  PURCHASER IS RELYING SOLELY UPON ITS OWN INSPECTION OF THE
          INTERESTS, AND PURCHASER SHALL ACCEPT ALL OF THE SAME IN THEIR "AS IS,
          WHERE  IS"  CONDITION.  IN  ADDITION,  SELLERS  MAKES  NO  WARRANTY OR
          REPRESENTATION,  EXPRESS,  IMPLIED,  STATUTORY OR OTHERWISE, AS TO THE
          ACCURACY  OR  COMPLETENESS OF ANY DATA, REPORTS, RECORDS, PROJECTIONS,
          INFORMATION  OR  MATERIALS  NOW,  HERETOFORE OR HEREAFTER FURNISHED OR
          MADE  AVAILABLE  TO  PURCHASER  IN  CONNECTION  WITH  THIS  AGREEMENT
          INCLUDING,  WITHOUT  LIMITATION,  ANY  DESCRIPTION  OF  THE INTERESTS,

                                       16
<PAGE>

          PRICING  ASSUMPTIONS,  OR  QUALITY OR QUANTITY OF HYDROCARBON RESERVES
          (IF  ANY) ATTRIBUTABLE TO THE INTERESTS OR THE ABILITY OR POTENTIAL OF
          THE  INTERESTS  TO PRODUCE HYDROCARBONS OR THE ENVIRONMENTAL CONDITION
          OF  THE  INTERESTS  OR  ANY OTHER MATTERS CONTAINED IN THE PROPRIETARY
          DATA  OR  ANY OTHER MATERIALS FURNISHED OR MADE AVAILABLE TO PURCHASER
          BY  SELLERS OR BY SELLERS' AGENTS OR REPRESENTATIVES. ANY AND ALL SUCH
          DATA,  RECORDS,  REPORTS, PROJECTIONS, INFORMATION AND OTHER MATERIALS
          FURNISHED  BY  SELLERS  OR  OTHERWISE  MADE AVAILABLE TO PURCHASER ARE
          PROVIDED  TO  PURCHASER  AS A CONVENIENCE AND SHALL NOT CREATE OR GIVE
          RISE TO ANY LIABILITY OF OR AGAINST SELLERS. ANY RELIANCE ON OR USE OF
          THE  SAME  SHALL  BE  AT  PURCHASER'S  SOLE RISK TO THE MAXIMUM EXTENT
          PERMITTED BY LAW.

     B.   WAIVER  OF  CONSUMER  PROTECTION  STATUTES.  SELLERS  AND  PURCHASER
          ------------------------------------------
          CERTIFY  THAT THEY ARE NOT "CONSUMERS" WITHIN THE MEANING OF THE TEXAS
          DECEPTIVE  TRADE  PRACTICES-CONSUMER  PROTECTION  ACT, SUBCHAPTER E OF
          CHAPTER 17, SECTIONS 17.41, ET SEQ., OF VERNON'S TEXAS CODE ANNOTATED,
          BUSINESS  AND  COMMERCE CODE, AS AMENDED (THE "DTPA") IF THE INTERESTS
          ARE  LOCATED  IN  TEXAS.  PURCHASER HEREBY WAIVES ITS RIGHTS UNDER THE
                                    --------------------------------------------
          DTPA, A LAW THAT GIVES CONSUMERS SPECIAL RIGHTS AND PROTECTIONS. AFTER
          ----------------------------------------------------------------------
          CONSULTATION  WITH  AN  ATTORNEY  OF  ITS  OWN  SELECTION,  PURCHASER
          ----------------------------------------------------------------------
          VOLUNTARILY  CONSENTS TO THIS WAIVER. TO EVIDENCE ITS ABILITY TO GRANT
          ----------------------------------------------------------------------
          SUCH  WAIVER, PURCHASER REPRESENTS TO SELLERS THAT: (I) IT IS NOT IN A
          ----------------------------------------------------------------------
          SIGNIFICANTLY DISPARATE BARGAINING POSITION; (II) IT IS REPRESENTED BY
          ----------------------------------------------------------------------
          LEGAL  COUNSEL  IN  ENTERING INTO THIS AGREEMENT; AND (III) SUCH LEGAL
          ----------------------------------------------------------------------
          COUNSEL  WAS  NOT  DIRECTLY  OR  INDIRECTLY  IDENTIFIED, SUGGESTED, OR
          ----------------------------------------------------------------------
          SELECTED BY SELLERS OR AN AGENT OF SELLERS.

     C.   Financial  Information.  Purchaser  has  been  provided  certain
          ----------------------
          financial  information  relating to the ownership and operation of the
          Interests  for  the  period commencing on the date of the first modern
          leases  through  the  present (the "Financial Information"). EXCEPT AS
          PROVIDED  IN  THIS AGREEMENT, WITH RESPECT TO THE INTERESTS' FINANCIAL
          INFORMATION,  SELLERS,  THEIR AFFILIATES AND THEIR CONSULTANTS MAKE NO
          REPRESEN-TATION  OR  WARRANTY,  WHETHER EXPRESS, STATUTORY OR IMPLIED,
          AND EXPRESSLY DISCLAIM ANY SUCH REPRESENTATION AND WARRANTY AS TO: (I)
          THE  ACCURACY,  COMPLETENESS,  OR  MATERIALITY  OF  ANY  FINANCIAL
          INFORMATION  FURNISHED  TO  PURCHASER IN CONNECTION WITH ANY INTEREST;
          (II)  THE  CON-DITION, QUALITY AND QUANTITY OF ANY INTEREST; (III) THE

                                       17
<PAGE>

          PRESENT  OR  FUTURE VALUE OF THE ANTICIPATED INCOME, COSTS OR PROFITS,
          IF  ANY,  TO  BE  DERIVED FROM ANY INTEREST; OR (IV) THE ENVIRONMENTAL
          CONDITION  OF  THE  INTERESTS.  ANY FINANCIAL INFORMATION FURNISHED BY
          SELLERS  IS  PROVIDED  TO  PURCHASER  AS A CONVENIENCE AND PURCHASER'S
          RELIANCE ON OR USE OF THE SAME IS AT PURCHASER'S SOLE RISK.

     D.   THE  CONVEYANCE  INSTRUMENTS  TO  BE  DELIVERED  BY SELLERS AT CLOSING
          SHALL  EXPRESSLY  SET  FORTH  THE  DISCLAIMERS  OF REPRESENTATIONS AND
          WARRANTIES  CONTAINED  IN  THIS SECTION AND SHALL EXPRESSLY STATE THAT
          THEIR  TERMS ARE SUBJECT TO THE TERMS AND CONDITIONS CONTAINED IN THIS
          AGREEMENT.

     E.   PURCHASER  ACKNOWLEDGES  THAT  THE  WAIVERS  IN  THIS  SECTION  ARE
          -------------------------------------------------------------------
          CONSPICUOUS.
          -----------

17.     Conditions  of  Closing.  Each  party's  obligation  to  consummate  the
        -----------------------
transaction  provided for herein is subject to the satisfaction or waiver by the
other  party  of  the  following  conditions:

     A.   Representations.  The  representations  contained  in  section  15
          ---------------
          hereof  shall  be  true  and  correct  in all material respects on the
          Closing Date as though made on and as of the Closing Date.

     B.   Performance.  Each  party  shall  have  performed  in  all  material
          -----------
          respects  the  obligations,  covenants  and agreements hereunder to be
          performed by it at or prior to the Closing Date.

     C.   Pending  Matters.  Except  as  set  forth in section 15.D.3) above, no
          ----------------
          suit,  action  or  other proceeding by a third party or a governmental
          authority  shall  be  pending  which  seeks  damages,  fines  or other
          penalties from either party in connection with the Interests, or seeks
          to  restrain,  enjoin  or  otherwise  prohibit the consummation of the
          transactions contemplated by this Agreement.

     D.   Financial  Condition.  No  material  adverse  change  has  occurred in
          --------------------
          the financial condition of either party.

     E.   Obtaining  Finance.  Purchaser  shall  have  obtained  financing  for
          ------------------
          the  purchase.  Purchaser  shall  exercise diligence in obtaining such
          financing.

18.     Indemnification  regarding  Lawsuit  Claims.  Sellers agree to indemnify
        -------------------------------------------
and hold harmless Purchaser against any and all damages or claims arising out of
or  related to the litigation identified in section 15.D.3) or otherwise arising
out  of or related to any dispute regarding the ownership of any interest in the
Northeast  Quarter  of the Northeast Quarter of BS&F Survey 45, A-22 in McMullen
County,  Texas  (the  "40 Acres"), including, without limitation, any claim that
proceeds  from the Lindholm-Hanson Gas Unit were at any time incorrectly paid or
allocated  or  any  claim made by any party claiming an interest in the 40 Acres
by,  through  or  under  George  Ferris.

                                       18
<PAGE>

19.     Option  to  Purchase.  Sellers  and Purchaser recognize that, because of
        --------------------
the  pending  litigation identified in section 15.D.3), the Term Royalties being
conveyed  by  Neil  E.  Hanson,  George  E. Jochetz, III, and BSC Minerals, Ltd.
exclude  any  royalties  attributable  to the Northeast Quarter of the Northeast
Quarter of BS&F Survey 45, A-22 in McMullen County, Texas (the "40 Acres"), even
though  the  leases underlying the Term Royalties purport to cover the 40 Acres.
Sellers  and  Purchaser  further  recognize  that if Neil E. Hanson, et al. (the
"Hanson  Parties")  should prevail in the litigation then Neil E. Hanson, George
E.  Jochetz, III, and BSC Minerals, Ltd. will be entitled to royalties on the 40
Acres.  In  the  event  the  Hanson  Parties  prevail,  in  whole or in part, by
judicial  decree,  agreement  between  the parties, or otherwise, then Purchaser
shall  have the option to purchase the same proportionate term royalty interests
of  Neil  E. Hanson, George E. Jochetz, III, and BSC Minerals, Ltd. attributable
to  the  40  Acres at the same price on a net revenue interest basis as the Term
Royalties.  In  order to exercise the option, Purchaser must pay a proportionate
share of the fees and expenses reasonably incurred in securing said title to the
40  Acres  on  a  net  revenue  interest  in  the  Unit  basis.

20.     Allocation  of  Production and Proceeds.  All production of oil, gas and
        ---------------------------------------
other  minerals  from the Interests prior to the Effective Date and all proceeds
from  the  sale  of  such production shall be the property of Sellers.  All such
production  upon  and  after  the  Effective Date and all proceeds from the sale
thereof  shall  be  the property of Purchaser.  Production shall be allocated to
the  parties  based  upon  the  most  reliable  measurement method or allocation
calculation  information  available  to the parties.  Purchaser shall assume all
rights  and/or  liabilities of Sellers arising from any gas imbalances affecting
the  Interests  as  of  the  Effective  Date  and  thereafter.

21.     Taxes  and  Prepaid  Items.
        --------------------------

     A.   Apportionment  of  Ad  Valorem  and  Property  Taxes.  All  ad valorem
          ----------------------------------------------------
          taxes,  real  property  taxes,  personal  property  taxes  and similar
          obligations  with respect to the Interests for the tax period in which
          the  Effective  Date  occurs  shall be apportioned as of the Effective
          Date  between  Sellers  and Purchaser. The portion of such apportioned
          tax  liability  which is attributable to the Sellers shall be credited
          to  Purchaser's account as an adjustment under section 11.B. hereof or
          Purchaser  shall  assume responsibility for the payment of all such ad
          valorem  and  property  taxes  and  hold  Sellers  harmless therefrom.
          Purchaser  shall  file  or  cause to be filed all required reports and
          returns  incident  to  such taxes and shall pay or cause to be paid to
          the taxing authorities all such taxes arising out of the tax period in
          which  the  Effective Date occurs. Purchaser shall supply Sellers with
          copies of the filed reports and proof of payment promptly after filing
          and paying same.

     B.   Proration  of  Taxes,  Etc.  All  other  taxes,  including,  but  not
          --------------------------
          limited  to, excise taxes, state severance taxes, and any other local,
          state,  and/or  federal  taxes  or  assessments  attributable  to  the
          properties  or any part thereof relating to oil and gas produced prior
          to  the  Effective  Date  remain  Sellers'  responsibility,  and  all
          deductions,  credits  and  refunds  pertaining  to  the aforementioned
          taxes,  attributable to the Interests or any part thereof prior to the
          Effective  Date  (no matter when received) belong to Sellers. All such
          taxes  attributable  to the Interests or any part thereof at and after
          the Effective Date are Purchaser's responsibility, and Purchaser shall
          reimburse  Sellers  for  any such taxes previously paid by Sellers and
          all  deductions,  credits, and refunds pertaining thereto at and after
          the Effective Date (no matter when received) belong to Purchaser.

                                       19
<PAGE>

     C.   Other  Taxes.  Purchaser  agrees  to  be  liable  for  any  and  all
          ------------
          conveyance, transfer, recording and registration fees and sales, gross
          receipts,  use,  motor  vehicle  transfer  and  excise,  real  estate
          transfer,  documentary  stamp  and similar transfer taxes imposed with
          respect  to  the  sale,  conveyance  and  assignment  of the Interests
          hereunder.  Purchaser  shall prepare and file (or cause to be prepared
          and  filed),  to the extent permitted by applicable law, any necessary
          tax  returns  in  connection  with  the foregoing taxes and fees to be
          borne  by  Purchaser and pay all filing and recording fees relating to
          the  filing  and  recording of any instruments delivered by Sellers to
          convey the Interests to Purchaser.

22.     Indemnification.  As  used  in  this  paragraph  and  the  subparagraphs
        ---------------
hereunder, "Claim" and "Claims" shall include claims, demands, causes of action,
liabilities,  damages,  fines, penalties and judgments of any kind or character,
whether  matured  or  unmatured,  absolute  or contingent, accrued or unaccrued,
liquidated  or  unliquidated  or  known or unknown, and whether or not resulting
from  third party claims, and all costs and fees (including, without limitation,
interest,  reasonable  attorneys' fees, reasonable costs of experts, court costs
and reasonable costs of investigation, including those incurred in enforcing the
indemnification provisions contained in this Agreement) in connection therewith.
As  used  herein,  "Claims"  shall not include Title Defects, or other items for
which  Purchaser or Sellers shall have received an adjustment to the Sales Price
hereunder.

In  addition  to any other indemnification or reservation provision contained in
this  Agreement:

     A.   Purchaser  shall  (i)  as  of  the  Effective  Date  assume,  be
          responsible  for  and  comply  with  all duties and obligations of the
          Sellers, express or implied, with respect to the Interests, including,
          without  limitation,  those  arising  under or by virtue of any lease,
          contract,  agreement,  document,  permit,  applicable  law, statute or
          rule,  regulation or order of any governmental authority (specifically
          including, without limitation, any governmental request or requirement
          to  plug,  re-plug or abandon any well, or take any clean-up, remedial
          or  other  action  with  respect  to  the  Interests) and (ii) defend,
          indemnify  and hold Sellers harmless from and pay or reimburse Sellers
          for  any  and all Claims in connection with the duties and obligations
          of Sellers set forth in (i) above or in connection with the ownership,
          operation,  management or control of the Interests before or after the
          Effective Date (except as set forth in Paragraph 22.B.), except (a) to
          the  extent  any such Claim has been asserted against Sellers prior to
          the  Effective  Date, (b) as otherwise set forth in this Agreement and
          (c)  any Claim expressly assumed by Sellers. With respect to any Claim
          for  cleanup  or  remediation  of  the  Interests, such Claim shall be
          deemed  asserted  against  Sellers  at  the  time  the Order requiring
          cleanup  or  remediation has been issued by the appropriate regulatory
          agency.

                                       20
<PAGE>

     B.   After  the  Closing,  Sellers  shall  be responsible for, shall pay on
          a  current  basis, and shall indemnify, save, hold harmless, discharge
          and  release  Purchaser  from  and  against any and all Claims arising
          from,  based  upon,  related  to  or  associated  with  (a) any act or
          omission  by  Sellers involving or relating to the Interests occurring
          before  the  Effective  Date,  other  than obligations and liabilities
          assumed  by  Purchaser  pursuant  to Section 22.A.; and (b) any act or
          omission  by  Seller  involving  or  relating  to  the Excluded Assets
          whether occurring before or after the Effective Date.

     C.   Except  as  provided  in  paragraph  D  below, Purchaser shall defend,
          indemnify  and hold Sellers harmless from and pay or reimburse Sellers
          for  any  and  all Claims for damage to the environment, environmental
          cleanup,  remediation, or compliance, or for any other relief, arising
          directly  or  indirectly  from  or  incident  to  the use, occupation,
          operation,  maintenance  or  abandonment  of  any of the Interests, or
          condition  of  the  Interests,  whether  latent  or patent, including,
          without  limitation,  contamination  of  the property or premises with
          Naturally  Occurring  Radioactive  Materials  (NORM), and WHETHER SUCH
          CLAIM  IS  CAUSED  BY  SELLERS' NEGLIGENCE, INCLUDING SOLE NEGLIGENCE,
          SIMPLE  NEGLIGENCE,  CONCURRENT NEGLIGENCE, ACTIVE NEGLIGENCE, PASSIVE
          NEGLIGENCE,  OR  STRICT  LIABILITY  OR  FAULT  OF SELLERS OR ANY OTHER
          THEORY  OF  LIABILITY  OR  FAULT,  WHETHER  IN  LAW (WHETHER COMMON OR
          STATUTORY)  OR  EQUITY,  EXCLUDING  GROSS  NEGLIGENCE  AND  WILLFUL
          MISCONDUCT OF SELLERS OR OF SELLERS' AGENTS, EMPLOYEES, OR CONTRACTORS
          AND  ASSERTED  AGAINST  PURCHASER  AND/OR  SELLERS  AFTER THE CLOSING,
          WHETHER  OR  NOT  ANY  SUCH  CLAIMS RESULT FROM CONDITIONS, ACTIONS OR
          INACTIONS  PRESENT  OR  EXISTING  ON  OR  BEFORE  THE  CLOSING.  This
          indemnification  shall  not  apply to any off-site disposal by Sellers
          which occurred prior to the Effective Date.

     D.   Any  Claim  for  indemnity  under  the  paragraphs  above or under any
          other provision of this Agreement shall be made by written notice from
          the  party  seeking  indemnification  (the "Indemnified Party") to the
          party  required  to  provide same (the "Indemnifying Party"), together
          with  a  written  description  of  any  third-party  Claim against the
          Indemnified  Party, stating the nature and basis of such Claim and, if
          ascertainable, the amount thereof. The Indemnifying Party shall have a
          period  of  thirty (30) days after receipt of such notice within which
          to  respond  thereto  or,  in  the  case  of a third-party Claim which
          requires  a  shorter  time for response, within such shorter period as
          specified  by  the  Indemnified  Party  in  such  notice  (the "Notice
          Period").  If the Indemnifying Party denies responsibility or fails to
          respond  to the notice within the Notice Period, the Indemnified Party
          may  defend  or  compromise  the Claim as it deems appropriate without
          prejudice  to any of the Indemnified Party's rights hereunder, with no
          further  obligation  to inform the Indemnifying Party of the status of
          the  Claim  and  no  right  of  the  Indemnifying  Party to approve or
          disapprove  any  actions  taken  in  connection  therewith  by  the
          Indemnified  Party.  If the Indemnifying Party accepts responsibility,
          it  shall so notify the Indemnified Party within the Notice Period and

                                       21
<PAGE>

          elect  either  (a)  to  undertake  the  defense  or compromise of such
          third-party  Claim with counsel selected by the Indemnifying Party and
          reasonably  approved  by  the Indemnified Party or (b) to instruct the
          Indemnified  Party  to  defend  or  compromise  such  Claim.  If  the
          Indemnifying  Party  undertakes  the  defense  or  compromise  of such
          third-party Claim, the Indemnified Party shall be entitled, at its own
          expense,  to  participate in such defense. No compromise or settlement
          of  any  third-party  Claim shall be made without reasonable notice to
          the  Indemnified  Party  and,  unless  such  compromise  or settlement
          includes  a general release of the Indemnified Party in respect of the
          matter  with  no admission of liability on the part of the Indemnified
          Party  and  no  constraints  on  the  future  conduct of its business,
          without the prior written approval of the Indemnified Party.

     E.   Each  party's  indemnity  given  under  this  Section  shall extend to
          the  other  and to the other's parent, subsidiaries and affiliates and
          their  present  and  former directors, officers, employees, attorneys,
          contractors, agents and members and to each of their heirs, executors,
          successors  and  assigns  and  shall  apply  to  all  obligations  and
          liabilities  described  above,  INCLUDING  THOSE  BASED ON NEGLIGENCE,
          INCLUDING  SOLE  NEGLIGENCE, SIMPLE NEGLIGENCE, CONCURRENT NEGLIGENCE,
          ACTIVE  NEGLIGENCE,  PASSIVE NEGLIGENCE, STRICT LIABILITY OR LIABILITY
          WITHOUT  FAULT  OF  THE  OTHER (OR ANY OTHER INDEMNIFIED PARTY) OR ANY
          OTHER  THEORY OF LIABILITY OR FAULT, WHETHER IN LAW (WHETHER COMMON OR
          STATUTORY)  OR  EQUITY,  excluding  gross  negligence  and  willful
          misconduct  of  the  party  or  of  the  party's agents, employees, or
          contractors.

23.     General  Limitation  of Damages.  NOTWITHSTANDING ANY OTHER PROVISION OF
        -------------------------------
THIS AGREEMENT TO THE CONTRARY, NEITHER PARTY SHALL BE LIABLE TO ANY INDEMNIFIED
PARTY  FOR ANY EXEMPLARY, PUNITIVE, SPECIAL, INDIRECT, CONSEQUEN-TIAL, REMOTE OR
SPECULATIVE  DAMAGES  (INCLUDING  ANY  DAMAGES  ON  ACCOUNT  OF  LOST PROFITS OR
OPPORTUNITIES)  ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS
CONTEMPLATED  HEREBY.

24.     Physical  Condition  of  the  Interests.
        ---------------------------------------

     A.   THE  INTERESTS  HAVE  BEEN  USED  FOR  OIL  AND  GAS  DRILLING  AND
          PRODUCING  OPERATIONS,  RELATED  OIL FIELD OPERATIONS AND POSSIBLY FOR
          THE  STORAGE  AND DISPOSAL OF WASTE MATERIALS OR HAZARDOUS SUBSTANCES.
          PHYSICAL  CHANGES  IN  THE  LAND MAY HAVE OCCURRED AS A RESULT OF SUCH
          USES.  THE  INTERESTS  ALSO  MAY  CONTAIN  BURIED  PIPELINES AND OTHER
          EQUIPMENT,  WHETHER OR NOT OF A SIMILAR NATURE, THE LOCATIONS OF WHICH
          MAY  NOT  NOW BE KNOWN BY SELLERS OR BE READILY APPARENT BY A PHYSICAL
          INSPECTION  OF  THE  PROPERTY. PURCHASER UNDERSTANDS THAT SELLERS DOES
          NOT  HAVE  THE REQUISITE INFORMATION WITH WHICH TO DETERMINE THE EXACT
          NATURE  OR  CONDITION  OF THE INTERESTS OR THE EFFECT ANY SUCH USE HAS
          HAD ON THE PHYSICAL CONDITION OF THE INTERESTS.

                                       22
<PAGE>

     B.   PURCHASER  ACKNOWLEDGES  THAT:  (I)  IT  HAS  ENTERED  INTO  THIS
          AGREEMENT  ON  THE  BASIS  OF  ITS  OWN  INVESTIGATION OF THE PHYSICAL
          CONDITION  OF  THE  INTERESTS INCLUDING SUBSURFACE CONDITION; (II) THE
          INTERESTS  HAVE BEEN USED IN THE MANNER AND FOR THE PURPOSES SET FORTH
          ABOVE  AND THAT PHYSICAL CHANGES TO THE INTERESTS MAY HAVE OCCURRED AS
          A  RESULT  OF  SUCH  USE;  AND (III) LOW LEVELS OF NATURALLY OCCURRING
          RADIOACTIVE MATERIAL (NORM) AND MAN-MADE MATERIAL FIBERS (MMMF) MAY BE
          PRESENT  AT  SOME  LOCATIONS.  PURCHASER  ACKNOWLEDGES  THAT NORM IS A
          NATURAL  PHENOMENON  ASSOCIATED  WITH  MANY OIL FIELDS IN THE U.S. AND
          THROUGHOUT  THE  WORLD. PURCHASER SHOULD MAKE ITS OWN DETERMINATION OF
          THIS  PHENOMENON AND OTHER CONDITIONS. SELLERS DISCLAIMS ANY LIABILITY
          ARISING  OUT  OF OR IN CONNECTION WITH ANY PRESENCE OF NORM OR MMMF ON
          THE  PROPERTY AND ON THE CLOSING DATE, PURCHASER SHALL ASSUME THE RISK
          THAT THE INTERESTS MAY CONTAIN WASTES OR CONTAMINANTS AND THAT ADVERSE
          PHYSICAL CONDITIONS, INCLUDING THE PRESENCE OF WASTES OR CONTAMINANTS,
          MAY  NOT  HAVE  BEEN  REVEALED  BY  PURCHASER'S  INVESTIGATION. ON THE
          CLOSING  DATE,  ALL  RESPONSIBILITY AND LIABILITY RELATED TO DISPOSAL,
          SPILLS,  WASTE,  OR  CONTAMINATION ON AND BELOW THE INTERESTS SHALL BE
          TRANSFERRED  FROM  SELLERS TO PURCHASER AND PURCHASER SHALL INDEMNIFY,
          DEFEND  AND  HOLD  SELLERS  HARMLESS  THEREFROM. SELLERS AND PURCHASER
          AGREE THAT THE PROVISIONS OF THIS PARAGRAPH SHALL SURVIVE THE CLOSING.

25.     Further  Assurances.
        -------------------

     A.   Performance  of  Obligations.  Sellers  and  Purchaser  shall  use all
          ----------------------------
          reasonable  efforts  to take, or cause to be taken, all actions and to
          do,  or cause to be done, all things necessary, proper or advisable to
          carry out all of their respective obligations under this Agreement and
          to  consummate  and  make  effective  the  purchase  and  sale  of the
          Interests pursuant to this Agreement.

     B.   Further  Conveyances  and  Assumptions.  After  the  Closing,  Sellers
          --------------------------------------
          and  Purchaser  shall  execute, acknowledge and deliver or cause to be
          executed,  acknowledged  and  delivered  all such further conveyances,
          transfer  orders,  notices,  assumptions  and  releases and such other
          instruments,  and shall take such further actions, as may be necessary
          or  appropriate  to  assure  fully  to Purchaser and its successors or
          assigns  all  of  the Interests and to assure fully to Sellers and its
          successors  and assigns the assumptions of liabilities and obligations
          of  Purchaser  or  to  otherwise carry out the terms and provisions of
          this Agreement.

                                       23
<PAGE>

26.     Notices.  All  notices  and  consents  to be given hereunder shall be in
        -------
writing  and  shall  be  deemed to have been duly given if delivered personally;
faxed  with  receipt  acknowledged;  mailed  by  registered mail, return receipt
requested,  postage  prepaid; or delivered by a recognized commercial courier to
the  party  at  the  address  set forth below or such other address as any party
shall  have  designated  for  itself by ten (10) days' prior notice to the other
party.  Sellers  hereby  appoint  Hanson  Resources Company as their attorney in
fact  for  the  purpose  of  receiving  notices under this Agreement.  Notice is
deemed  to  have been duly received: on the day personally delivered; on the day
after it is sent by fax; seven (7) days after mailing by registered mail; or the
day  after  it  is  received  from  a  recognized  commercial  courier.

     SELLERS
     -------
     Hanson  Resources  Company
     6363  Woodway,  Suite  600
     Houston,  Texas  77057

     Phone:     713-789-6202
     Fax:       713-789-5089

     PURCHASER
     ---------

     New  Century  Energy  Corp.
     5851  San  Felipe,  Suite  775
     Houston,  Texas  77057

     Phone:        713-266-4344
     Fax:          713-266-4358

27.     Purchaser's  Post-Closing Obligations.  If at any time subsequent to the
        -------------------------------------
Closing,  Purchaser  comes  into  possession  of  money or property belonging to
Sellers,  such  money  or other property shall be promptly delivered to Sellers.
Purchaser  shall  allow  Sellers access to the Records during Purchaser's normal
business hours after Closing for the purpose of filing and amending a tax return
or  for  any  other  legitimate  business  purpose,  provided that any copies of
Records  made  by  Sellers  shall  be  at  the  sole  expense  of  Sellers.

28.     Sellers'  Post-Closing  Obligations.  If  at  any time subsequent to the
        -----------------------------------
Closing,  Sellers  come  into  possession  of money or property belonging to the
Purchaser,  such  money  or  other  property  shall be promptly delivered to the
Purchaser.

29.     Severability.  In  the  event  any  covenant,  condition,  or  provision
        ------------
contained herein is held to be invalid by a court of competent jurisdiction, the
invalidity  of  any such covenant, condition or provision shall in no way affect
any other covenant, condition, or provision contained herein, provided, however,
that  any  such invalidity does not materially prejudice either the Purchaser or
Sellers  in  its  respective  rights  and  obligations  contained  in  the valid
covenants,  conditions,  and  provisions  of  this  Agreement.

                                       24
<PAGE>

30.     Waiver.  No  waiver  of  any  of  the provisions of this Agreement shall
        ------
constitute a waiver of any other provisions hereof (whether or not similar), nor
shall  such  waiver  constitute  a  continuing waiver unless otherwise expressly
provided.

31.     Construction  of Ambiguity.  In the event of any ambiguity in any of the
        --------------------------
terms or conditions of this Agreement, including any exhibits hereto and whether
or  not  placed  of record, such ambiguity shall not be construed for or against
any  party  hereto  on the basis that such party did or did not author the same.

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

33.     Governing  Law.  This  Agreement shall be governed by and interpreted in
        --------------
accordance  with  the  laws  of  the  State  of  Texas, without reference to the
conflict  of  laws  principles  applied  by  the  courts  of the State of Texas.

34.     Waiver  of  Jury  Trial.  SELLERS  AND  PURCHASER  DO HEREBY IRREVOCABLY
        -----------------------
WAIVE,  TO  THE FULLEST EXTENT PERMITTED BY LAW, ANY AND ALL RIGHT TO A TRIAL BY
JURY IN ANY ACTION, SUIT OR OTHER LEGAL PROCEEDING BASED UPON, ARISING OUT OF OR
RELATING  TO  THIS  AGREEMENT  OR  THE  TRANSACTIONS  CONTEMPLATED  HEREBY.

35.     Limitation  of  Liability.  Sellers and Purchaser do hereby covenant and
        -------------------------
agree  that  the  recovery  by  either  party  hereto of any damages suffered or
incurred  by it as a result of any breach by the other party of any provision of
this  Agreement  shall  be limited to the actual damages suffered or incurred by
the  non-breaching party as a result of the breach by the breaching party and in
no  event shall the breaching party be liable to the non-breaching party for any
indirect,  consequential,  exemplary or punitive damages suffered or incurred by
the  non-breaching  party  as  a  result  of  the breach by the breaching party.

36.     Publicity.  Sellers  acknowledge  and  understand  that  Purchaser  is a
        ---------
publicly  traded  company  subject  to  exchange-imposed  obligations  regarding
confidentiality  and non-disclosure of material non-public information.  In this
regard,  Sellers  agree  that  they  shall  not  make  or  cause  to be made any
disclosure  of  the  transaction  contemplated  herein  to  any  third  party or
otherwise  disseminate any news or announcement of any kind with respect to this
Agreement or the underlying transactions without the express written approval of
Purchaser.  Sellers  further  agree  to  keep  all  information  regarding  this
Agreement  and  the  underlying  transactions  confidential and not to disclose,
reveal,  or  discuss  any  such  information  without  the  written  approval of
Purchaser.

37.     Use  of  Sellers'  Name.  As  soon  as  practicable  after  the Closing,
        -----------------------
Purchaser  shall  remove  or  cause  to  be  removed the names and marks used by
Sellers  and  all  variations and derivations thereof and logos relating thereto
from  the  Interests  and  shall not thereafter make any use whatsoever of those
names,  marks  and  logos.

                                       25
<PAGE>

38.     Counterparts.  This  Agreement  may  be  executed  in  one  or  more
        ------------
counterparts,  each  of  which  shall  be  deemed  an original, but all of which
together  shall  constitute  one  and  the  same  instrument.

39.     Assignment.  Except  as  otherwise provided herein, this Agreement shall
        ----------
be  binding  upon  and  inure  to  the  benefit  of the parties hereto and their
respective  permitted  successors and assigns.  All future conveyances of all or
any portion of the Interests shall expressly recognize and perpetuate the rights
and  obligations  set  out  in  this  Agreement.

40.     Cost  and Expenses.  Except as otherwise expressly provided herein, each
        ------------------
party  shall bear and pay its own costs and expenses, including, but not limited
to  attorneys  fees,  incurred  in  connection  with  this  transaction.

41.     Joint  Venture,  Partnership  and  Agency.  Nothing  contained  in  this
        -----------------------------------------
Agreement  shall  be  deemed  to  create  a  joint  venture,  partnership,  tax
partnership  or  agency  relationship  between  the  parties.

42.     Confidentiality.  Prior  to  the  Closing, Sellers and Purchaser, to the
        ---------------
extent  permitted  by law, shall keep confidential all information received from
the  other  unless  such  information  is  readily  ascertainable from public or
published  information or trade sources or is received from a third-party having
no obligation of confidentiality with respect to such information.  In the event
of  the termination of this Agreement, Sellers and Purchaser shall return to the
other  or  destroy  all  information  received  from the other and to the extent
permitted  by  law  keep  confidential  and not use any confidential information
obtained  pursuant  to  this  Agreement.

Following  the  Closing,  Sellers  agrees  to  keep confidential all information
relative  to  the  Interests  covered  by  this  Agreement.  Such  obligation of
confidentiality  shall  continue  until  the earlier of the following: (1) three
years  from  the  Closing;  (ii)  the date upon which Purchaser has conveyed the
Interests  to  a  third  party;  or (iii) the date upon which Purchaser provides
Sellers  written notice of the termination of such confidentiality requirements.
The  obligations  of  confidentiality shall not apply to any information that is
required  to  be disclosed by Sellers as a result of applicable law, regulation,
rule  or  order  of  a  duly  empowered  court  or  governmental  entity.

43.     Survival.  Except  as  otherwise specifically provided in this Agreement
        --------
and  excluding  any  and  all  representations  of Sellers, all other covenants,
obligations,  agreements  and  guarantees  shall  survive  the execution of this
Agreement,  the  Closing  and  the  delivery  and  recordation  of  any  deeds,
assignments  or  bills  of  sale  which  convey  the  Interests  from Sellers to
Purchaser.

44.     Limitations  of  Obligations.  Notwithstanding  anything to the contrary
        ----------------------------
contained  herein,  all  representations,  warranties, covenants and indemnities
made  by  Sellers  hereunder shall be limited only to the Interests described in
Exhibits  A,  B  and  C  attached  hereto.

45.     Entire  Agreement.  This  Agreement,  together  with any Confidentiality
        -----------------
Agreements  relating  to  the  Interests  previously  executed  by  Purchaser,
constitute  the  entire  agreement  between  the parties and supersede all prior
agreements,  understandings,  negotiations  and  discussions,  whether  oral  or
written,  of  the  parties.  No supplement, amendment, alteration, modification,
waiver  or  termination  of  this  Agreement shall be binding unless executed in
writing  by  the  parties  hereto  after  the  execution  of  this  Agreement.

                                       26
<PAGE>

     IN  WITNESS  WHEREOF, the parties hereto have executed this Agreement to be
EFFECTIVE  as  of  the  day  and  year  first  set  forth  above.

                              SELLERS:

                              HANSON  RESOURCES  COMPANY

                              /s/  Neil  E.  Hanson
                              ------------------------------
                              By:  Neil  E.  Hanson
                                 ---------------------------
                              Title:  President
                                    ------------------------

                              4  STAR  VENTURES,  L.P.

                              /s/ JC.  Whitsett
                              ------------------------------
                              By: JC.  Whitsett,  MD
                                 ---------------------------
                              Title:  President
                                    ------------------------

                                       27
<PAGE>

                              BASTANTE  MAS,  LTD.

                              /s/  Edward  G.  Britt,  Jr.
                              ------------------------------
                              By:  Edward  G.  Britt,  Jr.
                                 ---------------------------
                              Title:  PRESIDENT
                                    ------------------------

                              A.M.  BROWN  FAMILY  LIMITED  PARTNERSHIP

                             /s/  George  W.  Brown  III
                             -------------------------------
                             By:  George  W.  Brown  III
                                ----------------------------
                             Title:  President
                                   -------------------------

                             FLETCHER  VENTURES,  LLC

                             By:  /s/  Richard  Strube
                                ----------------------------
                             Title:  Manager
                                   -------------------------

                                       28
<PAGE>

                             WILLIAM  KIMBLE

                             /s/  William  Kimble
                             -------------------------------

                             PRECIO  OIL  &  GAS,  LLC

                             /s/  Edmund  H.  Price  II
                             -------------------------------
                             By:  Edmund  H.  Price
                                ----------------------------
                             Title:  Manager
                                   -------------------------

                             KAYE  THOMPSON

                             /s/  Kaye  Thompson
                             -------------------------------

                            SIERRA  VISTA  VENTURES,  L.P.

                            /s/  Kurt  Hanson
                            --------------------------------
                            By:  Kurt  Hanson
                               -----------------------------
                            Title:  VP of Alleycat GP, LLC  its  General Partner
                                  ----------------------------------------------

                                       29
<PAGE>

                            LINDA  C.  BARBER

                            /s/  Linda  C.  Barber
                            --------------------------------

                            B.J.  DREHR

                            /s/  B.J.  Drehr
                            --------------------------------

                            BARBARA  A.  HANSON

                            /s/  Barbara  A.  Hanson
                            --------------------------------

                            KURT  M.  HANSON

                            /s/  Kurt  M.  Hanson
                            --------------------------------

                            GEORGE  E.  JOCHETZ  III

                             /s/  George  E.  Jochetz  III
                            --------------------------------

                            KAREN  SMITH

                            /s/  Karen  Smith
                            --------------------------------

                                       30
<PAGE>

                            JOHN  J.  SURKO

                            /s/  John  J.  Surko
                            --------------------------------

                            NEIL  E.  HANSON

                            /s/  Neil  E.  Hanson
                            --------------------------------

                            BSC  MINERALS,  LTD.

                            /s/  Kurt  M.  Hanson
                            --------------------------------
                            By:  Kurt  Hanson
                               -----------------------------
                            Title:  VP  of  HHJGP,  LLC  its  General  Partner
                                  --------------------------------------------

                            PURCHASER:

                            NEW  CENTURY  ENERGY  CORP.

                            /s/  Edward  R.  DeStefano
                            --------------------------------
                            By:  Edward  R.  DeStefano
                               -----------------------------
                            Title:  President  and  CEO
                                  --------------------------

                                       31
<PAGE>10.1      Employment  Agreement  with  James  Rowbotham

                              EMPLOYMENT AGREEMENT

THE  EMPLOYMENT  AGREEMENT  (the  "Agreement")  is  made  as  of  ____________
__________,  2005  by  and  between  Island  Residences  Club,  Inc  a  Delaware
Corporation,  ("Company"),  James  Rowbotham,  an  individual  and  US  citizen
("Executive").

                                                                         RECITAL

A.     The  Company  is  engaged  in the business of developing and marketing of
real  estate  projects  with  affiliated  vacation rights in different locations
worldwide  (the  "Business")  and  has need for personnel with experience in the
management,  administration,  finance,  operation  and  marketing of real estate
projects.

B.     The  Executive  is  experienced  in  matters  involving the operation and
marketing  of  real  estate  projects.

C.     The  parties  are willing to enter into the Agreement with respect to the
Executive's  employment  and  services upon the terms and conditions hereinafter
set  forth.

                                    AGREEMENT

In  consideration  of  the foregoing recitals and the premises herein contained,
the  parties  agree  as  follows:

                                     I. TERM

Subject  to  the provisions of Section IV hereof, the Company hereby employs the
Executive and the Executive hereby accepts employment with the Company beginning
on  July  1st,  2005  ("Employment  Date") and it shall continue in effect for a
period  of  one  year.  Thereafter,  the  agreement shall be renewed upon mutual
agreement  of  the  Executive and the Company. The agreement and the Executive's
employment  may  be  terminated  at  the Company's discretion during the initial
term,  provided  that  the Company shall pay to the Executive an amount equal to
payment  at  the  Executive's  base salary rate for six months. (The "Employment
Term").

                                   II. DUTIES

II.0  General  Duties

 The  Executive  shall serve as Chief Operating Officer (COO) and Vice President
of  Operations  of  Island  Residences  club,  Inc  during  the Employment Term.

The  Executive,  during  the  Employment  Term,  subject  to  the  policies  and
directives  of the Board of Directors of Company ("Board"), shall be responsible
for  the  daily  operations  of  Island  Residences  Club,  Inc.

II.1  Devotion  of  Time  to  Company's  Business

The Executive agrees during the Employment Term, to devote his/her best efforts,
and  his/her  business  time,  to  his/her  employment  with the Company, and to
perform  such  duties  as  are  specified  in Section II.0 and such other duties
consistent  with Section II.0 as shall be reasonably requested by the Board. The
Executive shall not, during the Executive's employment, engage in any activities
that  are  detrimental  to  the  business  of  the  Company.

                         III. COMPENSATION AND BENEFITS

As  compensation for his/her services hereunder, during the Employment Term, the
Executive  shall,  apart  from  prior  authorized  claimable  expenses,  receive
compensation  and benefits payable in stock at the times and in the installments
consistent  with  Company's  practices. The total Compensation & Benefits is One
Thousand  (1,000)  shares  of  common  stock  per  month  for a total during the
Employment  Term  of Twelve Thousand (12,000) shares of common stock. Selling of
the  Stock  shall  be  limited  to provisions of a mutually acceptable agreement
between  the  Executive  and  the  Board  or shall be redeemed by the company in
certain  circumstances.

                                 IV. TERMINATION

IV.0  Termination  for  Cause

The  Company  may  terminate the Executive's employment under the Agreement, for
"cause, due to any of the following acts or omission: (a) The Executive's breach
of any statutory or common law fiduciary duty of loyalty to the Company; (b) The
Executive's  indictment for any felony, or for any crime or offense causing harm
to  the  Company  or  any  of its affiliates, or involving acts of theft, fraud,
misappropriation of funds, embezzlement, moral turpitude or similar conduct; (c)
any  proven  illegal  act which materially and adversely affects the business of
the  Company  or  any  of  its  affiliates; or (d) the Executive's breach of any
material  provision  or  covenant  of  the Agreement, or of any other agreements
entered  into  in  connection  with the Agreement. If the Company terminates the
Agreement  for  cause  pursuant  to  the Section II.1, the Company shall have no
further  obligation  or  liability  to  the  Executive.

IV.2  Termination  for  Death  or  Disability

The  Agreement  and  the  Executive's  employment  hereunder  shall  terminate
automatically upon (1) the Executive's death or (2) the date of determination by
the  Board  that  the  Executive  has  a  disability.

As  used  herein,  "disability"  shall  mean  any  condition that qualifies as a
disability under Company's long-term disability plan as in effect on the date of
determination  or  which  renders  the  Executive  incapable  of  performing
substantially  all  of  the  Executive's  managerial  and the Executive services
hereunder  for ninety (90) days or more in the aggregate during any one (1) year
period,  and  which  at  any  time  after  such ninety (90) days the Board shall
determine  continues  to  render  the  Executive  incapable  of  performing  the
Executive's managerial and the Executive services hereunder. If the Agreement is
terminated  because  of  the  Executive's  death  or  disability pursuant to the
Section  IV.0,  the Company shall have no further obligation or liability to the
Executive.

IV.3  No  Additional  Payments

Upon  termination  of  the Executive's employment hereunder, the Executive shall
not be entitled to any severance payments or severance benefits from the Company
or any payments by the Company on account of any claim for wrongful termination,
including  but not limited to claims under any federal, state or local human and
civil  rights  or  labor  laws, excepts for any benefits which may be due to the
Executive  in  the  normal course under any Executive benefit plan or program of
the  Company  which  provides  for benefits after termination of employment. The
Executive's  right  to  receive  payments  or  benefits under the Agreement upon
termination  of employment will cease if the Executive breaches any provision of
Section  V  below.

                            V. RESTRICTIVE COVENANTS

V.1  Confidential  and  Proprietary  Information

As  an  Executive  of  the  Company,  the Executive shall have access to certain
Confidential  and  Proprietary  Information  (as  defined  below) concerning the
Company and its Affiliates (as defined below). The Executive agrees that he will
not,  either  directly  or  indirectly, disclose to any person or use any of the
Confidential  and  Proprietary Information in any way during the Employment Term
(except  as  required  in the course of the performance of his/her duties to the
Company)  or  after  the  expiration of the Employment Term. For purposes of the
agreement, "Confidential and Proprietary Information" means any of the following
information  relating to the business of the Company that is not generally known
to  competitors,  suppliers  and  customers  of the Company: (i) any business or
technical  information, design, process, procedure, formula, improvement, or any
portion or phase thereof, that is owned by or has, at the time of determination,
been  used  by  the  Company; (ii) any information related to the development of
products and systems; (iii) any information concerning proposed new products and
systems;  (iv)  any  information  concerning  customer/member  lists  and  other
customer/member  information,  vendor  lists  and  information, price data, cost
data,  profit plans, capital plans and proposed or existing marketing techniques
or  plans; and (v) any other information which would constitute a "Trade Secret"
under  the  Uniform  Trade  Secrets  Act.

For  purposes  of  the  Agreement,  "Affiliate"  means any corporation, company,
partnership,  joint  venture,  firm  and/or  other  entity  which  controls,  is
controlled  by  or is under common control with the person with respect to which
the  term "Affiliated" is used. For purposes of the Agreement, "Person" means an
individual,  corporation,  partnership,  limited  liability  company,  trust  or
unincorporated  organization,  or  a  government  or  any  agency  or  political
subdivision  thereof.  "Control"  means  (a)  in the case of corporate entities,
direct  or  indirect  ownership  of at least fifty percent (50%) or the stock or
participating  shares entitled to vote for the election of directors; and (b) in
the  case  of  non-corporate  entities  such  as  limited  liability  companies,
partnerships or limited partnerships, either (c) direct or indirect ownership of
at  least fifty percent (50%) of the equity interest, or (d) the power to direct
the  management  and  policies  of  the  non  corporate  entity.

V.2  Inventions  and  Improvements

The  Executive  agrees  that  he/she will assign to the Company, without further
consideration,  the  exclusive  rights and title to all inventions, discoveries,
ideas,  improvement,  and  other  intellectual  property made or acquired by the
Executive  during the Employment Term, whether alone or jointly with others. The
Executive  further  agrees to execute any and all documents that are required in
order  to  transfer  or  assign  such  property  rights  to  the  Company.

V.3  Equitable  Relief

The  Executive  acknowledges  and agrees that his/her services are of a special,
unique  and  extraordinary  value  to  the  Company  and its Affiliates and that
damages  alone  may  be  an  inadequate  remedy for any breach of the Agreement.
Accordingly,  in  the  event  of  the  breach  by  the  Executive  of any of the
provisions  of  the Agreement, the Company may, in addition and supplementary to
other  rights  and  remedies existing in its favor, apply to any court of law or
equity  of  competent jurisdiction for specific performance and/or injunctive or
other  relief  in order to enforce, or prevent any violations of, the provisions
of  the  Agreement.

                                  MISCELLANEOUS

VI.1  Severability

Every  provision  of  the  Agreement is intended to be severable. If any term or
provision  hereof is declared by a court of competent jurisdiction to be illegal
or  invalid,  such  illegal  or  invalid  term or provision shall not affect the
balance  of  the  terms  and provisions hereof, which terms and provisions shall
remain  binding  and  enforceable.

VI.2  Notice

Any  notice  or communication required to be given hereunder may be delivered by
hand,  deposited  with  an  overnight  courier,  sent by confirmed facsimile, or
mailed  by  registered  or  certified  mail,  if  to Company, to Graham Bristow,
President  and  if  to  the  Executive,  to  his  office.
Notice  shall  be  deemed  received  on  the  date  sent if sent by facsimile or
personal  delivery;  three  days  after  the  date sent if sent by registered or
certified  mail;  and  one  day  after  the  day it is sent if sent by overnight
courier.

VI.3  Entire  Agreement

The  Agreement shall be governed by and construed in accordance with the laws of
the  State  of  Delaware.

VI.4  Arbitration

If  a  dispute  arises  relating to the terms and provisions of the Agreement or
involves  any claim for breach of any contract or covenant (express or implied),
tort claims, claims for discrimination (including, but not limited to race, sex,
religion,  national  origin, age or handicap), claims for compensation or claims
for  violations  of  any  federal,  state,  foreign  or  other governmental law,
statute,  regulation  or  ordinance,  then either party may initiate arbitration
proceedings in accordance with the Rules of the American Arbitration Association
("AAA").  Both  parties  hereby consent to such arbitration, and any arbitration
award  shall be final and binding. Neither party shall disclose the existence of
any  dispute  or the terms of any arbitration decision to any third party, other
than  their legal counsel, accountants, and financial advisors or as required by
law.

VI.5  Representation  by  Counsel

THE  EXECUTIVE ACKNOWLEDGES THAT HE/SHE HAS BEEN REPRESENTED BY LEGAL COUNSEL IN
CONNECTION  WITH  THE  AGREEMENT  AND  HAS  CONSULTED  WITH  SUCH LEGAL COUNSEL.

VI.6  Counterparts

The  Agreement may be executed in counterparts, all of which taken together will
constitute  one  instrument.

VI.7  Waiver

Either  party's  failure to enforce any provision or provisions of the Agreement
shall  not  in  any  way  be  construed  as  a  waiver  of any such provision or
provisions,  nor  prevent  that  party  thereafter from enforcing each and every
other  provision  of  the  Agreement. The rights granted both parties herein are
cumulative  and  shall not constitute a waiver of either party's right to assert
all  other  legal  remedies  available  to  it  under  the  circumstances.

VI.8  Binding  Effect

Except  as  otherwise  provided in the Agreement, the Agreement shall be binding
upon  and  inure  to  the  benefit  of  the  parties hereto and their respective
successors,  heirs,  and  assigns.

The Executive shall not assign, convey, or otherwise transfer, voluntarily or by
operation  of law, to any person or entity, the Agreement or any interest herein
without  the  prior written consent of the Company. Any attempt to do so without
such  consent  shall  be  null  and  void.

IN  WITNESS  WHEREOF,  the parties hereto have duly executed the Agreement as of
the  date  first  above  written.

ISLAND  RESIDENCES  CLUB,  INC

By:          /s/Graham  Bristow
             ------------------

             Graham  Bristow,  President

THE  EXECUTIVE

By:          /s/James  Rowbotham
             -------------------
             James  Rowbotham

Address:     ______________________________________________
             ______________________________________________

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