Document:

EXHIBIT 10.2

THIS NOTE IS A SECURITY WHICH HAS NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933.  IT MAY NOT BE SOLD, PLEDGED OR HYPOTHECATED
IN THE ABSENCE OF A REGISTRATION STATEMENT IN EFFECT WITH RESPECT TO
THE NOTE UNDER SUCH ACT OR AN OPINION OF COUNSEL SATISFACTORY TO THE
COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED OR UNLESS SOLD PURSUANT
TO RULE 144 OF SUCH ACT.

THE DATE OF THIS NOTE IS: September 3, 2002

                               FREEDOM OIL & GAS, INC.

$15,000.00     Convertible Promissory Note

     FREEDOM OIL & GAS, INC., a Nevada corporation (the "Company"
or "Maker"), and wholly-owned subsidiary of The Majestic Companies,
Ltd., a Nevada corporation ("Majestic"), for value received, hereby
promises to pay to the order of PHIL JESSEE (the "Holder" or
"Investor") or order, the principal amount of Fifteen Thousand Dollars
($15,000), with simple interest on the unpaid balance thereof from the
date hereof at the rate of twelve percent (12%) per annum.  Accrued
interest on this Note shall be payable: monthly on the first day of
each month, beginning thirty (30) days after the date hereof.  The
principal balance of this Note shall mature, together with any unpaid
and accrued interest, being due and payable, ninety (90) days from the
date of this Note (the "Due Date"), with an option for one (1) ninety
(90) day extension.  Payments of interest and principal shall be made
in lawful money of the United States of America at Holder's address
set forth on the signature page hereto or at such other place in the
United States as Holder shall have designated to the Company in
writing.  This Note may be prepaid, in whole or in part, before the
Due Date without penalty.  In the event less than all of the principal
amount of this Note is prepaid, a new Note may be issued at Maker's
election, representing the unpaid principal amount with the same Due
Date hereof.  In the event Maker fails to pay any sum due hereunder on
the date when such payment is due and payable as provided herein,
after fifteen (15) days written notice from Holder to Maker, Maker
agrees to compensate Holder for reasonable attorneys fees, court
costs, and any other additional charges Holder may incur as a result
of such default.

     1.  Option to Convert Note to Stock.

     1.1  Conversion.  Holder may elect to convert the unpaid
principal and accrued interest of this Note in whole or in part, from
time to time, into the Series A Preferred Stock of Majestic at the
rate of $.50 per share (or Common Stock at the rate of $.10 per common
share) (the "Shares").

     1.2  Notice.  Holder shall send written notice of his
election to convert to the Company and the amount of the Note being
converted, along with the registration information for the Shares.
The Company shall have 15 days to issue the certificate representing
the Shares to Holder.  Shares deliverable upon any conversion before
October 15 shall be available for registration by the Company in
connection with its planned filing on form SB-2.

     2.  Investment Representations.  Holder represents and
warrants that:

     2.1  Purchase for Own Account.  This Note is being acquired
for Holder's own account, not as a nominee or agent, and not with a
view to resale or distribution of any part thereof, and Holder has no
present intention of selling, granting any participation in, or
otherwise distributing the same.  Holder further represents that
Holder does not have any contract, undertaking, agreement or
arrangement with any person to sell, transfer or grant participations
to any third person with respect to the Note and/or the Shares.

     2.2.  Disclosure.  The Holder has been informed and is aware
that an investment in the Note involves a degree of risk and
speculation, and has been afforded an opportunity to meet with the
officers of the Company and to ask and receive answers to any
questions about the Collateral, and the business and affairs of the
Company, and to obtain any additional information which the Company
possesses or can acquire without unreasonable effort or expense that
is necessary to verify the accuracy of information provided, and has
therefore obtained, in the judgement of the Holder, sufficient
information to evaluate the merits and risks of an investment in the
Note and/or the Shares.

     2.3.  Risk Evaluation.  On the basis of the review of the
information described above, and relying solely thereon and upon the
knowledge and experience of the Holder in business and financial
matters, the Holder has evaluated the merits and risks of investment
in the Note and/or the Shares and has determined that he is both
willing and able to undertake the economic risk of this investment.

     2.4  Restricted Security.  Holder understands that the Note
and the Shares are  a "restricted security" under the federal
securities laws inasmuch as it is being acquired from the Company in a
transaction not involving a public offering and that under such laws
and applicable regulations such Note and/or the Shares may be resold
without registration under the Securities Act of 1933, as amended (the
"Act"), only in certain limited circumstances.  In this connection,
Holder represents that Holder, or Holder's counsel, is familiar with
Securities and Exchange Commission Rule 144, as presently in effect,
and understand the resale limitations imposed thereby and by the Act.

     3.  Miscellaneous.

     3.1  Notices.  Any notice required or permitted under this
Note shall be given in writing and shall be deemed effectively given
upon personal delivery to the party to be notified or upon deposit
with the United States Post Office, by registered or certified mail,
postage prepaid and addressed to the party at the address set forth
below for such party, or at such other address as either party may
designate by ten (10) days advance written notice to the other party.

     3.2  Binding Effect.  This Security Agreement shall bind and
inure to the benefit of the parties, their legal representatives,
successors and permitted assigns.

     3.3  Amendments and Waivers.  Any term of this Note may be
amended and the observance of any term of this Note may be waived
(either generally or in a particular instance and either retroactively
or prospectively), only with the written consent of the Company and
Holder hereof.  Any amendment or waiver effected in accordance with
this paragraph shall be binding upon Holder of this Note and the Company.

     3.4  Due Authorization.  The execution and delivery of this
Note has been duly authorized by all necessary corporate action on
behalf of the Company.

     3.5 Governing Law.  This Note shall be governed by and
construed and enforced in accordance with the laws of the State of
Utah without giving effect to conflicts of law principles.

     IN WITNESS WHEREOF, the Parties have set their hands, as of
the date first above written.

HOLDER:                                 MAKER:

                                        FREEDOM OIL & GAS, INC.
/S/ Phil Jessee
Phil Jessee                             By:    /S/ J. David Gowdy
                                        J. David Gowdy, CEO

Address:                                Address:

1355 N. Main Street, Suite 11           57 W. South Temple, Suite 300
Bountiful, UT 84010                     Salt Lake City, UT 84101EXHIBIT 10.3

THE DATE OF THIS NOTE IS: September 17, 2002

                            FREEDOM OIL & GAS, INC.

$15,000.00          Promissory Note

     FREEDOM OIL & GAS, INC., a Nevada corporation (the "Company"
or "Maker"),  for value received, hereby promises to pay to the order
of Kenneth K. Gowdy (the "Holder" or "Investor") or order, the
principal amount of Fifteen Thousand Dollars ($15,000), with simple
interest on the unpaid balance thereof from the date hereof at the
rate of twelve percent (12%) per annum.  The principal balance of this
Note shall mature, together with any unpaid and accrued interest,
being due and payable, on or before December 31, 2002 (the "Due
Date").  Payments of interest and principal shall be made in lawful
money of the United States of America at Holder's address set forth on
the signature page hereto or at such other place in the United States
as Holder shall have designated to the Company in writing.  This Note
may be prepaid, in whole or in part, before the Due Date without
penalty.  In the event Maker fails to pay any sum due hereunder on the
date when such payment is due and payable as provided herein, after
fifteen (15) days written notice from Holder to Maker, Maker agrees to
compensate Holder for reasonable attorneys fees, court costs, and any
other additional charges Holder may incur as a result of such default.

     1.1  Notices.  Any notice required or permitted under this
Note shall be given in writing and shall be deemed effectively given
upon personal delivery to the party to be notified or upon deposit
with the United States Post Office, by registered or certified mail,
postage prepaid and addressed to the party at the address set forth
below for such party, or at such other address as either party may
designate by ten (10) days advance written notice to the other party.

     1.2  Binding Effect.  This Security Agreement shall bind and
inure to the benefit of the parties, their legal representatives,
successors and permitted assigns.

     1.3  Governing Law.  This Note shall be governed by and
construed and enforced in accordance with the laws of the State of
Texas without giving effect to conflicts of law principles.

                                    MAKER:

                                    FREEDOM OIL & GAS, INC.

                                    By:    /S/ J. David Gowdy
                                    J. David Gowdy, PresidentEXHIBIT 10.4

J. David Gowdy, President                              September 25, 2002
Freedom Oil & Gas, Inc.
1340 South Main Street, Suite 190
Grapevine, TX  76051

Re:  Amended and Restated Letter of Agreement

Dear David:

     The purpose of this letter agreement ("Letter") is to set forth
the amended and restated agreements between Freedom Oil & Gas, Inc., a

     Nevada Corporation ("Freedom"), and Hewitt Energy Group, LLC, a Utah
limited liability company and successor in interest to Hewitt Energy
Group, Inc., a Nevada corporation ("HEG").  These agreements relate to
the acquisition by Freedom of certain oil and gas properties and
leases in exchange for the assumption by Freedom of certain associated
obligations of HEG and the payment of other good and valuable
consideration, all on the terms and subject to the conditions set
forth below (the "Transactions").  This Letter supercedes and replaces
in its entirety our previous Letter of Agreement dated July 10, 2002,
as follows:

1.  Sanpete Prospect

     On the terms and subject to the conditions to be set forth in the
definitive conveyances and related documents (the "Definitive
Documents"), HEG hereby grants to Freedom, and Freedom hereby accepts
from HEG, all of HEG's rights under the Farmout Agreement dated July
1, 2002 by and among HEG, Cimarron Operating Company, LLC and Paradise
Energy, LLC (the "Farmout Agreement"), excepting and reserving to HEG,
however, all of its rights in the Subject Lands located in Township 14
South, Range 2 East, SLB&M, Sanpete County, Utah (Sections 21, 22, 27,
28, 33, 34 and 35).

2.  WINN Leases

     The terms and conditions set forth in the July 10, 2002 Letter
with respect to the assignments of working interests in the Liberty #1
and Liberty #2 Wells to be drilled by Freedom on the WINN Leases have
been superceded and replaced in their entirety by the Agreement dated
September 24, 2002, between and among HEG, Freedom, Mountain Home
Petroleum, Inc. ("MHP") and Liberty #1, LLC, establishing the Liberty AMI.

3.  El Grande Prospect

     The terms and conditions set forth in the July 10, 2002 Letter
with respect to the proposed acquisition by Freedom of the El Grande
Prospect located in Faulkner County, Arkansas, have been superceded
and replaced in their entirety by the definitive Purchase and Sale
Agreement dated effective as of September 9, 2002, and the exhibits thereto.

4.  Joint Operating Agreements

     At such time as any exploratory, development or other operations are
proposed by any party owning a working interest any well, drill-site,
lease or lands in any Prospect described under this Letter Agreement,
the Parties shall negotiate and enter into a joint operating agreement
covering their future working relationship with respect to their joint
interests in such Prospect and naming Freedom, or a mutually
acceptable third party contractor, as the operator of their combined
interests.  Such agreement shall be substantially in the form of the
1984 (or newer) AAPL Model Form 610 Joint Operating Agreement.
Freedom further agrees to allocate to HEG, to the maximum extent
allowable under applicable tax and accounting standards, all credits
for intangible drilling expenses and other tax deductions or credits
associated with or relating to exploratory, development or production
operations on the Prospects.

5.  Consideration.

     (a)  As consideration for the Transactions, including without
limitation Freedom's share of the facilitation fee payable by HEG to
Alexander & Wade, Freedom has instructed The Majestic Companies LTD
("Majestic") to issue, and Majestic has issued 6,200,000 shares of its
fully paid Series A Preferred Stock to HEG's former shareholders and
other persons designated by HEG in the proportions set forth in the
written instructions provided by HEG ("Shares").  As soon as practical
following the approval by the SEC of Majestic's replacement
preliminary 14(c) information statement filed September 13, 2002,
Majestic will issue replacement certificates evidencing five shares of
its common stock for each share of its Series A Preferred Stock.  Not
later than December 31, 2002, Freedom further agrees to cause Majestic
to file a registration statement with the Securities and Exchange
Commission, pursuant to an SB-2 or other filing, that will allow all
of the Shares (as converted to shares of Majestic's common stock) to
be freely traded.

     (b)  As additional consideration for the Transactions, Freedom
shall pay HEG one hundred thousand dollars ($100,000), of which ten
thousand dollars ($10,000) has been paid, with an additional fifteen
thousand dollars ($15,000) due and payable on or before October 5, and
additional payments of twenty five thousand dollars ($25,000) each due
and payable on or before November 5, 2002, December 5, 2002 and
December 31, 2002.

     (c)  As additional consideration for the Transactions, Freedom
hereby assumes and agrees to fully and timely perform all of HEG's
obligations specified in the Farmout Agreement, and agrees to timely
exercise by performance all options and to further perform all other
duties of HEG under the Farmout Agreement (collectively, the
"Obligations").  Freedom agrees that if it does not intend to timely
perform any Obligation or reasonably believes it will be unable to
timely perform any Obligation, it will give HEG not less than sixty
days' written notice prior to the date the Obligation is to be
completed and HEG will have the right, but not the obligation, to
perform the Obligation.  Further, if Freedom has not commenced any
Obligation and the expiration date of said Obligation is thirty days
or less in the future, HEG retains the right, but not the obligation,
to perform the Obligation.

     (d)  In the event Freedom fails to timely perform any Obligation
pursuant to subparagraph (c) above, Freedom will retain only those
rights, if any, that it has earned under the terms of the Farmout
Agreement and this Letter Agreement, and HEG will retain all remaining
rights under the Farmout Agreement.

     (e)  Freedom further agrees to reimburse HEG for all of its costs
incurred in connection with the Transactions, including without
limitation all leasehold expenses, title and curative work and legal
expenses.

     6.  No Other Agreements.  HEG and Freedom acknowledge and agree
that this Letter Agreement supercedes and replaces in their entirety
any and all prior oral or written representations, understandings or
agreements between them.  HEG and Freedom further represent and agree
that neither of them is or has been represented by any broker or
finder in connection with this Letter Agreement or the Transactions
described herein, and that no third party (other than the parties to
the documents specifically referred to herein) has any rights of any
kind whatsoever with respect to the subject matter of this Letter
Agreement.

     7.  Assignments.  Neither HEG, MHP, or Freedom may assign
all or any portion of its rights under this Letter to any other person
without the express prior written consent of the other party.

     If the foregoing accurately describes our mutual understandings
and agreements, please sign and date the attached original copy of
this Letter.

Very truly yours,

HEWITT ENERGY GROUP, LLC

By: /S/ Douglas C. Hewitt
     Douglas C. Hewitt, Manager

AGREED TO AND ACCEPTED

This 26th day of September 2002:

FREEDOM OIL & GAS, INC.

By: /S/ J. David Gowdy
 J. David Gowdy, President

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