Document:

SHARE PURCHASE AGREEMENT
                            ------------------------

     This Share Purchase Agreement ("Agreement") is made as of January 24, 2005,
("Effective  Date") between PETROSEARCH ENERGY CORPORATION, a Nevada corporation
(the  "Company")  and MARK X ENERGY COMPANY, a Texas corporation, or its assigns
("Purchaser").

     A.     Company  is  in  the business of acquiring, developing and operating
oil  and  gas  properties  in  several states, including, Texas, Oklahoma, North
Dakota, Montana and Mississippi.  Company has obtained commitments from industry
joint  venturers  to  develop  several  drilling prospects, thereby requiring an
accelerated  leasing  program  in  the target areas.  Additional acquisition and
exploration opportunities have contemporaneously been presented by third parties
to Company which Company desires to pursue in addition to the near term drilling
projects.

     B.     Company  is  the  survivor  of  a  December  30, 2004 merger between
Company  and  Petrosearch Corporation, a Texas corporation, the former parent of
Company,  immediately  following  a  6.5  to  1  reverse  split  of  Petrosearch
Corporation's  Common  Stock.

     C.     Company  has  elected  to  meet certain of its working capital needs
post-merger  by the placement of Company Common Stock, par value $.001, with one
or  more  willing,  sophisticated  investors  and Purchaser desires to acquire a
specified  number  of  shares  of  Company  Common  Stock  under  the  terms and
conditions  set  forth  herein.

                               TERMS OF AGREEMENT:

     NOW,  THEREFORE,  FOR  VALUE  RECEIVED,  the  sufficiency  of  which  is
acknowledged  by  the  parties,  the  parties  hereto  agree  as  follows:

                                    ARTICLE I

           NUMBER AND PURCHASE PRICE FOR SHARES/OPTION FOR ADDITIONAL
           ----------------------------------------------------------
            SHARES/ADJUSTMENT OF PRICE FOR MORE FAVORABLE PLACEMENT
            -------------------------------------------------------

     1.1     NUMBER  OFSHARES TO BE PURCHASED/PURCHASE PRICE.  Subject to all of
             -----------------------------------------------
the  terms and conditions of this Agreement, Company agrees to issue and sell to
Purchaser  (sometimes  referred to herein as a "Holder") and Purchaser agrees to
purchase,  307,692  shares  of  Company  Common  Stock,  par  value  $.001  (the
"Investment  Shares"),  at  a cash price of $1.95 per share, or a total purchase
price  of SIX HUNDRED THOUSAND AND NO/100 DOLLARS ($600,000.00) [the "Investment
Purchase  Funds"].  This  sale,  if  consummated,  shall  be made by the Company
directly  to  Purchaser  without  the  assistance  of  placement  agents  or  a
broker-dealer.

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1.2     ADJUSTMENT  UPON  MORE  FAVORABLE  PLACEMENT.  If at any time during the
        --------------------------------------------
period  from  the  execution  of this Agreement until thirty (30) days after the
release  to  Company  from  escrow  (described  herein  below) of the Investment
Purchase  Funds,  Company  shall  sell  to any third party other than members of
Company's  management,  Common  Stock  at  less  than  $1.95 per share, then the
purchase  price  of the Investment Shares shall be automatically adjusted to the
lower  price made available to the third party and such additional Common Shares
shall  be  issued to Purchaser and delivered to Purchaser (or to Escrow Agent if
the Investment Shares are still in escrow) as are necessary to make the purchase
price  per share paid by Purchaser equal the more favorable price made available
to  the  third  party.

                                   ARTICLE II

                 ESCROW PENDING CERTAIN TRANSACTIONS/USE OF PROCEEDS
                 ---------------------------------------------------

     2.1     ESCROW  DEPOSIT.  Upon execution of this Agreement, Purchaser shall
             ---------------
deposit the Investment Purchase Funds with the escrow agent (the "Escrow Agent")
named  in  the  Escrow Agreement attached hereto as Exhibit "A".  The Investment
                                                    ------------
Purchase  Funds shall remain in escrow pending issuance of the Investment Shares
to  Purchaser  all  as  documented  to  Escrow  Agent  by  delivery  of  a stock
certificate  in Purchaser's name evidencing the Investment Shares and containing
the  usual  and  customary Rule 144 restrictive legend.  Should, for any reason,
Company  fail  to  deliver  the  certificate within five (5) business days after
deposit of the Investment Purchase Funds with Escrow Agent, or in the event that
the  additional  conditions  set  forth  in Article V (collectively, the "Escrow
Release  Conditions")  are  not  met  by such time, then, at Purchaser's option,
Purchaser  may  terminate this Agreement and the corresponding Escrow Agreement,
whereupon  the  Investment  Purchase  Funds shall be returned by Escrow Agent to
Purchaser  without  interest and without deduction for escrow fees and expenses.
In  the event that the Escrow Release Conditions are satisfied by Company by the
fifth  business  day  after deposit of the Investment Purchase Funds with Escrow
Agent,  then,  the  Investment Purchase Funds shall be released immediately from
escrow  to  Company  by Escrow Agent and Purchaser shall execute with Company an
instruction  letter  directing  such release to Company (such release date being
sometimes  referred  to  as  the  "Closing  Date").

     2.2     USE OF PROCEEDS.  The Investment Purchase Funds shall be applied to
             ---------------
Company's general working capital needs without specific allocation.

                                   ARTICLE III

                    REPRESENTATIONS AND WARRANTIES OF COMPANY
                    -----------------------------------------

     As  an  inducement  to  the Purchaser to enter into this Agreement, Company
represents,  warrants  and  agrees  that:

     3.1     ORGANIZATION  AND  GOOD  STANDING.  The  Company  and  each  of its
             ---------------------------------
subsidiaries  have  been  duly  organized  in  accordance with the laws of their
respective  jurisdictions  of

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incorporation  and  exist  in  good standing under such laws with full power and
authority  to  conduct their businesses as described in the Disclosure Documents
(defined  herein  below),  and  are  duly qualified and in good standing in each
other  jurisdiction  in  which  such  qualification is required except where the
failure  to  so qualify, both individually and in the aggregate, does not have a
material  adverse  effect on the condition (financial or otherwise), business or
prospects  of  the  Company  or  on  its  properties  or  assets.  No actions or
proceedings to dissolve the Company are pending or, to the best knowledge of the
Company,  threatened.

     3.2     CORPORATE POWER AND AUTHORITY; DUE AUTHORIZATION.  Company has full
             ------------------------------------------------
corporate  power  and  authority  to  execute and deliver this Agreement and all
other documents required to be entered into by the Company pursuant hereto (this
Agreement  and  such  other documents being hereinafter collectively referred to
as, the "Transaction Documents") and to consummate the transactions contemplated
by the Transaction Documents. This Agreement and the other Transaction Documents
have  been duly authorized by all necessary corporate action of the Company and,
when executed and delivered, will be legal, valid and binding obligations of the
Company,  enforceable  in  accordance  with their respective terms except to the
extent  that the enforceability hereof and thereof may be limited by bankruptcy,
insolvency,  moratorium or similar laws affecting creditors' rights generally or
by  general  principles  of  equity.

     3.3     NO  VIOLATION.  The  execution,  delivery  and  performance of this
             -------------
Agreement  and  the  other  Transaction  Documents  by  the  Company  and  the
consummation  of  the  transactions herein and therein contemplated does not and
will  not  result in a breach or violation of any of the terms and provisions of
the  articles  or  certificate  of incorporation or by-laws of the Company as in
effect  on  the  date  hereof (the "Organizational Documents"), and does not and
will  not  constitute  a material default under any indenture, mortgage, deed of
trust  or other material agreement or instrument to which the Company is a party
or  by  which  the  Company  is  bound,  and  does  not  and will not violate or
contravene  (i)  any  governmental statute, rule or regulation applicable to the
Company  or (ii) any order, writ, judgment, injunction, decree, determination or
award which has been entered against the Company, the violation or contravention
of  which  would  materially  and  adversely  affect the condition (financial or
otherwise), business or prospects of the Company or on its properties or assets.

     3.4     CAPITALIZATION.  The  Company  has a duly authorized capitalization
             --------------
as  set  forth  in  Schedule 1 attached hereto. The outstanding shares of Common
Stock  have  been  duly  authorized  and  validly  issued,  fully  paid  and
nonassessable. None of the outstanding shares of Common Stock has been issued in
violation  of  the preemptive rights of any security holder of the Company. None
of  the holders of the outstanding shares of Common Stock is subject to personal
liability  solely  by  reason of being such a holder. Neither the holders of the
outstanding  shares  of  Common Stock nor the holders of any other securities or
rights  of the Company are entitled to pre-emptive or other rights or agreements
for  the  purchase  or  acquisition from the Company of any shares of the Common
Stock  or  to subscribe for the any of the Shares. The Company is not a party or
subject to any agreement or understanding, and, to the knowledge of the Company,
there  is  no  agreement  or understanding, between any persons and/or entities,
which  affects  or  relates  to  the  voting  or giving of written consents with
respect  to  any  security  of  the  Company  or  by  a director of the Company.

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     3.5     AUTHORIZATION  AND ISSUANCE OF SHARES.  The Shares, when issued and
             -------------------------------------
paid for, will constitute duly authorized, legally and validly issued securities
of  the  Company,  fully  paid  and  non-assessable.

     3.6     DISCLOSURE  DOCUMENTS.  The  documents  furnished by the Company to
             ---------------------
Purchaser  in  connection  with  this  sale include audited financial statements
through  December 31, 2003, unaudited compiled financial statements through June
30,  2004,  the Company's fact summary sheet and business strategies and plan, a
private  placement memorandum dated December 15, 2004, and supplement thereto, a
letter to Shareholders regarding the reverse split and redomicile transaction(s)
and  prospect  summaries  and  related  materials regarding the various prospect
areas  which the Company contemplates acquiring and developing in the near term,
and  various  economic  models  and  projections  (collectively, the "Disclosure
Documents").   When  read  as one document, the Disclosure Documents furnish all
information  required to be furnished to accredited investors under Regulation D
("Regulation  D")  and  Regulation  S  ("Regulation  S")  of  the Securities and
Exchange  Commission  ("SEC")  promulgated  under the Securities Act of 1933, as
amended  (the  "1933  Act").  The  Disclosure  Documents  and  any amendments or
supplements  thereto:  (i) do and will, as the case may be, contain all material
statements  and information which are required to be included in accordance with
Regulation D and Regulation S and the 1933 Act, and applicable state, provincial
and  local  laws,  (ii)  do  and  will  in  all material respects conform to the
requirements  of  Regulation  D and Regulation S and the 1933 Act and applicable
state,  provincial and local laws and (iii) do not and will not, as the case may
be,  include any untrue statement of material fact or omit to state any material
fact  required  to be stated therein or necessary to make the statements therein
not  misleading.

     3.7     REPRESENTATIONS  AND  WARRANTIES.  No representation or warranty by
             --------------------------------
the Company in this Agreement contains, or on the Closing Date will contain, any
untrue  statement  of  material fact or omits or will omit to state any material
fact  necessary,  in light of the circumstances under which it is made, in order
to  make  the  statements made herein not misleading.  There is no fact known to
the  Company  that  has  or could have a material adverse effect on the Company,
which has not been set forth in this Agreement (including attached schedules) or
in  the  Disclosure  Documents.

     3.8     CONSENTS  AND  APPROVALS.  No  consent,  approval,  order,  or
             ------------------------
authorization of, or declaration, filing, or registration with, any governmental
entity  is  required  to  be  obtained  or  made  by  the  Company or any of its
subsidiaries  in  connection with the execution, delivery, or performance by the
Company  of  this  Agreement  and the execution, delivery, and where applicable,
performance  of  the  other  Transaction Documents to which it is a party or the
consummation of the transactions contemplated hereby and thereby, other than (i)
compliance  with  any  applicable  requirements of the 1933 Act, (ii) compliance
with  any  applicable  requirements  of the Securities Exchange Act of 1934 (the
"1934  Act"),  (iii)  compliance  with any applicable state securities laws; and
(iv) such consents, approvals, orders, or authorizations which, if not obtained,
and  such declarations, filings, or registrations which, if not made, would not,
individually  or  in  the  aggregate,  have  a  material  adverse  effect on the
condition  (financial  or otherwise), business or prospects of the Company or on
its  properties  or  assets.  Except for such consents as are obtained before or
contemporaneously  with  consummation  of the Closing, no consent or approval of
any  other  Person  is  required  to  be  obtained  or  made  by  the Company or

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any  of  its  subsidiaries  in  connection  with  the  execution,  delivery,  or
performance  by the Company of this Agreement and execution, delivery and, where
applicable,  performance  of  the  other  Transaction Documents to which it is a
party  or  the consummation of the transactions contemplated hereby and thereby.

     3.9     FINANCIAL CONDITION.  The audited consolidated balance sheet of the
             -------------------
Company  and  its  subsidiaries  as  at  December  31,  2003,  and  the  related
consolidated  statements  of  income,  stockholders' equity and cash flow of the
Company  and  its  subsidiaries for the fiscal year ended on said date, with the
opinion  thereon  of Ham, Langston & Brezina, L.L.P. heretofore furnished to the
Purchaser,  and  the unaudited consolidated balance sheet of the Company and its
subsidiaries  as  at  June  30, 2004, and the related consolidated statements of
income,  stockholders'  equity and cash flow of the Company and its subsidiaries
for  the  six-month  period  ending  on  such  date  heretofore furnished to the
Purchaser,  are  complete  and  correct  and  fairly  present  the  consolidated
financial condition of the Company and its subsidiaries as at said dates and the
results of its operations for the fiscal year and the six-month period ending on
said  dates,  all  in  accordance  with generally accepted accounting principles
("GAAP"),  as applied on a consistent basis (subject, in the case of the interim
financial  statements,  to  normal  year-end adjustments). Other than the credit
facility  with  Fortuna  Energy,  L.P.  described in Schedule 2 attached hereto,
neither the Company nor any of its subsidiaries has on the date hereof any debt,
trade  payables,  contingent liabilities, liabilities for taxes, unusual forward
or  long-term  commitments  or  unrealized  or  anticipated  losses  from  any
unfavorable  commitments,  except as referred to or reflected or provided for in
such  financial  statements or except to the extent that the existence of any of
the  foregoing  would  not  have  a  material  adverse  effect  on the condition
(financial or otherwise), business or prospects of the Company or its properties
or  assets. Since December 31, 2003, there has been no change or event having or
reasonably  likely to have a material adverse effect on the condition (financial
or otherwise), business or prospects of the Company or its properties or assets,
except  as  disclosed  to  the  Purchaser  in  writing.  Since  the date of such
financial  statements,  neither the business nor the properties of the Company's
subsidiaries, taken as a whole, have been materially and adversely affected as a
result  of any fire, explosion, earthquake, flood, drought, windstorm, accident,
strike or other labor disturbance, embargo, requisition or taking of property or
cancellation  of  contracts,  permits or concessions by any governmental entity,
riot,  activities  of  armed  forces  or  acts  of  God  or of any public enemy.

     3.10     NO GENERAL SOLICITATION OR INTEGRATED OFFERING.  Neither the
              ----------------------------------------------
Company nor any distributor participating on the Company's behalf in the
transactions contemplated hereby (if any) nor any person acting for the Company,
or any such distributor, has conducted any "general solicitation" (as such term
is defined in Regulation D) with respect to any of the Shares being offered
hereby.  Neither the Company nor any of its affiliates, nor any person acting on
its or their behalf, has directly or indirectly made any offers or sales of any
security or solicited any offers to buy any security under circumstances that
would require registration of the Shares being offered hereby under the 1933 Act
or cause this offering of Securities to be integrated with any prior offering of
securities of the Company for purposes of the 1933 Act, which result of such
integration would require registration under the 1933 Act, or would trigger any
applicable stockholder approval provisions.

     3.11     SUBSIDIARIES.  Each of the Company's subsidiaries is identified in
              ------------
Schedule  1

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attached  hereto  and is duly incorporated or organized, validly existing and in
good  standing  under  the  laws  of  its  jurisdiction  of  incorporation  or
organization,  as  applicable,  and  has  all requisite corporate or partnership
power  and  authority  in  all  material respects to own, lease, and operate its
properties  and  to  carry  on  its business as now being conducted. Each of its
subsidiaries  is  duly  qualified  to  do  business  as a foreign corporation or
limited partnership, as applicable, and is in good standing in each jurisdiction
where such qualification is necessary, except where the failure to so qualify or
to be in good standing would not have a material adverse effect on the condition
(financial or otherwise), business or prospects of the Company or its properties
or assets. Other than the rights of certain subsidiary presidents to acquire ten
percent  of  their  subsidiary  after  payout  of  that subsidiary's exploration
projects,  there  are  outstanding  (i) no securities of any of its subsidiaries
convertible  into  or  exchangeable  for shares of capital stock or other voting
securities  of  any  subsidiary  or  of the Company and (ii) no options or other
rights  to  acquire from any of its subsidiaries and no obligation of any of its
subsidiaries  to  issue  or  sell,  any  shares of capital stock or other voting
securities of any of its subsidiaries or of the Company or any securities of any
subsidiary  or  of the Company convertible into or exchangeable for such capital
stock  or  voting  securities.

     3.12     TRANSACTIONS  WITH  AFFILIATES.  Except  as to drilling agreements
              ------------------------------
with  Maverick  Drilling  Co.,  Inc.,  a  company  controlled by the Don Henrich
family,  none  of  the officers, directors or employees of the Company or any of
its subsidiaries is currently a party to any transaction with the Company or any
of  its  subsidiaries  (other  than for ordinary course services solely in their
capacity as officers, directors or employees), including any contract, agreement
or  other  arrangement  providing  for  the  furnishing  of  services  to or by,
providing  for  rental  of  real  or  personal property to or from, or otherwise
requiring  payments  to  or  from  any such officer, director or employee or any
corporation,  partnership,  trust  or  other  entity  in which any such officer,
director, or employee has an ownership interest of five percent or more or is an
officer,  director,  trustee  or  partner.

     3.13     TITLES  AND  ASSETS.
              -------------------

          (a)  Each  of  the  Company  and  its  subsidiaries  has  good  and
defensible title to, or valid leasehold interests in, all of its material assets
and  properties,  except for such assets and properties as are no longer used or
useful  in  the  conduct  of  its  businesses or as have been disposed of in the
ordinary  course  of  business  and  except  for  such  imperfections  of title,
easements,  rights  of  way  and  similar liens or other matters and failures of
title  as  would  not, individually or in the aggregate, have a material adverse
effect  on  the condition (financial or otherwise), business or prospects of the
Company or its properties or assets.  All such assets and properties, other than
assets and properties in which the Company has leasehold interests, are free and
clear  of  all  Liens,  other  than those liens in favor of Fortuna Energy, L.P.

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          (b)  All  leases,  licenses,  permits,  authorizations  and agreements
necessary  for  the  conduct of the business of the Company and its subsidiaries
are  valid  and subsisting, in full force and effect and there exists no default
or  event or circumstance which with the giving of notice or the passage of time
or  both  would give rise to a default under any such leases, licenses, permits,
authorizations and agreements, which would have a material adverse effect on the
condition  (financial or otherwise), business or prospects of the Company or its
properties or assets.

          (c)  The  assets  and  properties  currently owned, leased or licensed
by  the  Company  and  its  subsidiaries,  including,  without  limitation,  all
easements,  licenses,  permits,  authorizations  and  rights of way, include all
assets  and  properties  necessary to permit the Company and its subsidiaries to
conduct  their  business  in  all  material  respects  in the same manner as its
business  has  been  conducted  prior  to  the  Closing  Date.

          (d)  All  of  the  assets  and  properties  of  the  Company  and  its
subsidiaries  that  are reasonably necessary for the operation of their business
are  in  good  working  condition in all material respects and are maintained in
accordance  with  prudent  business  standards.

     3.14     DEFAULTS.  Neither  the  Company nor any of its subsidiaries is in
              --------
default nor has any event or circumstance occurred which, but for the expiration
of  any  applicable  grace  period  or  the  giving  of  notice,  or both, would
constitute  a  default  under  any material agreement or instrument to which the
Company  or any of its subsidiaries is a party or by which the Company or any of
its  subsidiaries is bound, except for defaults which in the aggregate would not
have  a  material  adverse  effect  on  the  condition (financial or otherwise),
business  or  prospects  of  the  Company  or  its  properties  or  assets.

     3.15     INSURANCE.  All  material  policies  of fire, liability, workmen's
              ---------
compensation  and other forms of insurance owned or held by the Company and each
of  its  subsidiaries  as  of  the date hereof are in full force and effect, all
premiums  with  respect  thereto  covering  all  periods up to and including the
Closing  Date  have  been paid, and no notice of cancellation or termination has
been received with respect to any such policy.  Such policies are sufficient for
compliance  with  all  requirements  of  law  and of all agreements to which the
Company  or  any  of  its  subsidiaries  is  a party; are valid, outstanding and
enforceable  policies;  provide  adequate  insurance  coverage  in at least such
amounts  and  against  at  least  such  risks (but including in any event public
liability)  as are usually insured against in the same general area by companies
engaged  in  the same or a similar business for the assets and operations of the
Company  and  each  of  its  subsidiaries  (taking  into  account  the  cost and
availability  of  such  insurance); will remain in full force and effect through
the  respective  dates  listed  in  such policies with the payment of additional
premiums;  and  will  not  in  any  way be affected by, or terminate or lapse by
reason  of,  the  transactions  contemplated  by  this  Agreement.

     3.16     LITIGATION.  Except as disclosed in Schedule 3 hereto, there is no
              ----------
litigation, legal, administrative or arbitral proceeding, investigation or other
action  of  any  nature  pending or, to the knowledge of the Company, threatened
against or affecting the Company or any of its subsidiaries.

     3.17     COMPLIANCE  WITH  THE  LAW.   Neither  the  Company nor any of its
              --------------------------
subsidiaries  has

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violated  any  governmental requirement or failed to obtain any license, permit,
franchise or other governmental authorization necessary for the ownership of any
of  its  assets or properties or the conduct of its business, which violation or
failure  would have (in the event such violation or failure were asserted by any
Person  through  appropriate  action) a material adverse effect on the condition
(financial or otherwise), business or prospects of the Company or its properties
or assets.  Except for such acts or failures to act as would not have a material
adverse  effect on the condition (financial or otherwise), business or prospects
of  the  Company  or  its properties or assets, the assets and properties of the
Company  have  been maintained, operated and developed in a good and workmanlike
manner and in conformity with all applicable laws and all rules, regulations and
orders of all duly constituted authorities having jurisdiction and in conformity
with the provisions of agreements and other instruments comprising a part of the
assets  and  properties, including, without limitation, all leases, subleases or
other contracts comprising a part of the assets and properties.

     3.18     ENVIRONMENTAL  MATTERS.  Except  to the extent that the inaccuracy
              -----------------------
of  any  of  the  following,  individually or in the aggregate, would not have a
material  adverse  effect on the condition (financial or otherwise), business or
prospects  of  the  Company  or  its  properties  or  assets:

          (a)  No property owned,  leased  or  operated by the Company or any of
its  subsidiaries,  and  no  operations  conducted  thereon violate any order or
requirement  of  any  court  or  Governmental  Entity or any Environmental Laws;

          (b)  Without  limitation  of  clause  (a)  above,  no property  owned,
leased or operated by the Company or any of its subsidiaries, nor the operations
currently  conducted  thereon  or,  to the best knowledge of the Company, by any
prior  owner  or  operator of such property or operation, are in violation of or
subject  to  any  existing,  pending  or threatened action, suit, investigation,
inquiry  or  proceeding by or before any court or Governmental Entity or subject
to  any  remedial  obligations  under  Environmental  Laws;

          (c)  All  notices,  permits,  licenses  or  similar authorizations, if
any,  required to be obtained or filed by the Company or any of its subsidiaries
in  connection  with the operation or use of any and all property of the Company
and  each  of  its subsidiaries, including without limitation present, or to the
best  of  Company's knowledge, past treatment, storage, disposal or release of a
hazardous substance or solid waste into the environment, have been duly obtained
or  filed,  and  the Company and each of its subsidiaries are in compliance with
the  terms  and  conditions  of  all such notices, permits, licenses and similar
authorizations;

          (d) All hazardous substances, solid waste, and oil and gas exploration
and  production  wastes,  if  any,  generated  at any and all properties, owned,
leased  or  operated by the Company or any of its subsidiaries have in the past,
during  the  tenure of ownership of the Company and its subsidiaries and, to the
best  of  the  Company's knowledge, prior thereto, been transported, treated and
disposed  of  in  accordance  with  Environmental  Laws and so as not to pose an
imminent  and  substantial  endangerment  to  public  health  or  welfare or the
environment,  and,  to  the  best  knowledge  of the Company, all such transport
carriers  and  treatment  and disposal facilities have been and are operating in
compliance  with  Environmental  Laws  and  so  as  not  to

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<PAGE>
pose an imminent and substantial endangerment to public health or welfare or the
environment,  and  are  not  the  subject of any existing, pending or threatened
action,  investigation  or inquiry by any Governmental Entity in connection with
any Environmental Laws;

          (e)  The Company has taken all steps reasonably necessary to determine
and  has  determined  that  no hazardous substances, solid waste, or oil and gas
exploration  and production wastes, have been disposed of or otherwise released,
and  there  has been no threatened release of any hazardous substances, on or to
any  properties,  owned,  leased  or  operated  by  the  Company  or  any of its
subsidiaries, except in compliance with Environmental Laws and so as not to pose
an  imminent  and  substantial  endangerment  to public health or welfare or the
environment;  and

          (f)  Neither  the Company  nor  any  of its subsidiaries has any known
contingent liability in connection with any release or threatened release of any
oil,  hazardous  substance  or  solid  waste  into  the  environment.

     3.19     TAXES.  The Company has filed (taking into account any extensions)
              -----
all United States Federal income tax returns and all other tax returns which are
required  to  be filed by it on or before the Closing and has paid all taxes due
pursuant  to such returns or pursuant to any assessment received by the Company,
except  for  any  taxes  which  are  being contested in good faith and by proper
proceedings  and  against  which  adequate  reserves  are  being maintained. The
charges,  accruals  and reserves on the books of the Company in respect of taxes
and  other governmental charges are adequate. No tax lien has been filed and, to
the  knowledge  of  the  Company, no claim is being asserted with respect to any
such tax, fee or other charge, except for any taxes, fees or other charges which
are  being  contested  in good faith and by proper proceedings and against which
adequate  reserves  are  being  maintained.

     3.20     BROKERAGE  FEES.  The  Company  has  not  retained  any  financial
              ---------------
advisor,  broker,  agent,  or  finder  or  paid  or  agreed to pay any financial
advisor,  broker, agent, or finder on account of the sale by the Company and the
purchase  by  the  Purchaser  of  the  Shares.

     3.21     SEC REQUIREMENTS.  Neither the Company nor any of its subsidiaries
              ----------------
has received notice from the Securities and Exchange Commission or any state
securities agency that the Company or any subsidiary is not in compliance with
applicable Securities and Exchange Commission or state securities rules and
regulations or is under investigation regarding the potential violation of any
such rule or regulation.

     3.22     MATERIAL AGREEMENTS.  Set forth on Schedule 4 hereto is a complete
              -------------------
and correct list of all material agreements of the Company and its subsidiaries
that would be required to be listed in an Annual Report on Form 10-K as material
contracts pursuant to Item 601 of Regulation S-K.

                                   ARTICLE IV

                   REPRESENTATIONS AND WARRANTIES OF PURCHASER
                   -------------------------------------------

     The Purchaser hereby represents, warrants and agrees that:

                                          9

<PAGE>
     4.1     AUTHORITY.  The  Purchaser has  full corporate or partnership power
             ---------
and  authority  to  execute  and  deliver  this Agreement and, when executed and
delivered, will constitute the legal, valid and binding obligation of Purchaser,
enforceable in accordance with its terms. If the Purchaser is a corporation or a
trust,  the  officer or trustee executing this Agreement represents and warrants
that  he/she  is  authorized  to  so  sign;  that  the  corporation  or trust is
authorized  by  its  charter and by-laws or the trust agreement, as the case may
be,  to  make  this  investment.

     4.2     SUITABILITY  OF  PURCHASER.  The  Purchaser is able to (i) bear the
             --------------------------
economic  risk  of  its  investment  in the Company, (ii) hold the Shares for an
indefinite  period  of time, and (iii) afford a complete loss of its investment.

     4.3     INVESTMENT  EXPERIENCE.  The Purchaser, together with its purchaser
             ----------------------
representative  (who  is  unaffiliated  with  and  who is not compensated by the
Company,  or  any  affiliate  or  selling  agent  of  the  Company,  directly or
indirectly),  if  any,  have the requisite knowledge and experience in financial
and  business  matters,  including  investments  of  this type, to be capable of
evaluating  the merits and risks of an investment in the Shares and of making an
informed  investment  decision  with  respect  thereto.

     4.4     RECEIPT  OF  INFORMATION;  RELIANCE  UPON  DISCLOSURE.
             -----------------------------------------------------

     (a)     DOCUMENTS.  The  Purchaser has reviewed, read carefully, considered
             ---------
and  fully  understood  the  Disclosure Documents and the Purchaser has received
from the Company all of the information concerning the Company that it considers
to  be  material  in  making its investment decision, which information has been
requested  by  the  Purchaser  if  not  already  furnished  by the Company.  The
Purchaser  (and/or its representative, if any) have had full access to the books
and  records  of  the Company and to its officers, directors and accountants for
the  purpose  of  obtaining and verifying such information and the Purchaser has
had an opportunity to ask questions and receive answers from the officers of the
Company regarding the terms and conditions of this transaction and the Company's
business  and  financial  condition.

     (b)     The  Purchaser  confirms  that  he  has had adequate opportunity to
obtain  such independent legal and tax advice and financial planning services as
he  has  deemed  appropriate  prior to making a decision to purchase the Shares.

     (c)     Except  as  expressly  set  forth  herein,  no  representations  or
warranties,  oral  or  otherwise,  have  been  made  to the Purchaser, including
without  limitation,  any representations concerning the future prospects of the
Company,  by  the Company or any agent, employee or affiliate of the Company, or
any  other  person  whether  or  not  associated  with  this transaction, and in
entering  into  this  transaction  the  Purchaser  is  not  relying  upon  any
information,  other  than  that  contained  in the Disclosure Documents, and the
results  of  its  own  independent  investigation.  The  Purchaser  has obtained
sufficient information to evaluate the merits and risks of its investment and to
make  an  informed  investment  decision.

     4.5     RESTRICTED  SECURITIES.  The Purchaser understands and acknowledges
             ----------------------
that  the  Shares  it  is purchasing hereunder are "restricted securities" under
federal  and  state  securities  laws

                                          10
<PAGE>
insofar  as  they  have not been registered under the 1933 Act or the securities
laws  of  any  other  jurisdiction,  that  they may not be resold or transferred
without compliance with the registration or qualification provisions of the 1933
Act  or  applicable  federal  and state securities laws or the laws of any other
jurisdiction  or  an opinion of counsel that an exemption from such registration
and qualification requirements is available.  The Purchaser is familiar with SEC
Regulation  D,  Regulation  S  and  Rule  144 promulgated under the 1933 Act, as
presently  in effect, and the resale limitations imposed thereby and by the 1933
Act.

     4.6     LIMITATIONS  ON  DISPOSITION.  Without  in  any  way  limiting  the
             ----------------------------
representations  set  forth  above, the Purchaser further agrees not to make any
disposition  of  all  or  any  portion  of  the  Securities  unless  and  until:

     (a)  There is then in effect a registration statement  under  the  1933 Act
covering  such  proposed  disposition and such disposition is made in accordance
with  such  registration  statement;  or

     (b)(i)  The  Purchaser  shall  have  notified  Company  of  the  proposed
disposition  and  shall  have furnished Company with a detailed statement of the
circumstances surrounding the proposed disposition, and (ii) upon the request of
the  Company,  the  Purchaser  shall  have  furnished Company with an opinion of
counsel,  reasonably  satisfactory  to  Company,  that such disposition will not
require  registration of such securities under the 1933 Act and applicable state
securities  laws.

     The  Purchaser  understands  that  Company  will  issue  stop  transfer
instructions  to  its  transfer  agent with respect to the Shares and intends to
place  a  restrictive  legend  on  every  certificate as provided in Section 8.4
hereof.

     4.7     ILLIQUID  INVESTMENTS.  The  Purchaser's  overall  commitment  to
             ---------------------
investments  that  are not readily marketable is not disproportionate to its net
worth and its investment in the Shares will not cause such overall commitment to
become excessive.  The Purchaser has adequate means of providing for its current
needs  and  personal  contingencies.

     4.8     COMPANY  RELIANCE  ON  QUESTIONNAIRE  AND  REPRESENTATIONS  AND
             ---------------------------------------------------------------
WARRANTIES.  The Purchaser understands, acknowledges and agrees that the Company
----------
is  relying  on  the  accuracy  of  the  responses by Purchaser contained in the
Confidential  Purchaser Questionnaire heretofore delivered by you to the Company
(as  well  as  Purchaser  representations  and  warranties  contained  in  this
Agreement),  which  responses,  representations and warranties you warrant to be
true,  complete  and  correct.

     4.9     ACCREDITED  INVESTOR  STATUS.  The  Purchaser  is  an  "accredited
             ----------------------------
investor" as such term is defined in SEC Rule 501(a) of Regulation D promulgated
under  the  1933  Act.

     4.10     PURCHASE  FOR  OWN ACCOUNT.  The Purchaser is acquiring the Shares
              --------------------------
for  its  own account, for investment purposes and not for resale or with a view
to any distribution, or in connection with any distribution thereof.

                                       11
<PAGE>
                                    ARTICLE V

                      CONDITIONS TO PURCHASER'S OBLIGATIONS
                      -------------------------------------

     Purchaser's  obligations  to  purchase  the  Investment  Shares  under this
Agreement are subject to the fulfillment of the following conditions:

     5.1     REPRESENTATIONS AND WARRANTIES.  The representations and warranties
             ------------------------------
of  the  Company contained in Article III hereof shall be true as of the Closing
Date.

     5.2     COMPANY'S  PERFORMANCE.  The  Company  shall  have  performed  and
             ----------------------
complied  with  all  agreements,  obligations  and  conditions contained in this
Agreement,  which performance or compliance is required on or before the Closing
Date.

     5.3     TRANSACTION  DOCUMENTS.  Each  of  the  Transaction Documents shall
             ----------------------
have  been  fully executed and delivered by the parties thereto, and shall be in
full  force  and  effect.

     5.4     ESCROW  RELEASE  CONDITIONS.  Each of the Escrow Release Conditions
             ---------------------------
shall  have  been  satisfied.

     5.5     LEGAL  PROCEEDINGS.  No  proceeding  shall, on the Closing Date, be
             ------------------
pending  or  threatened seeking to restrain, prohibit or obtain damages or other
relief in connection with this Agreement or the consummation of the transactions
contemplated  hereby.

     5.6     OFFICERS'  CERTIFICATE.  The  Company  shall  have  delivered  an
             ----------------------
Officers'  Certificate  to  the  Purchaser  to  the  effect  that all conditions
contained  in  this  Article  V  have  been  complied  with.

                                   ARTICLE VI

                       CONDITIONS TO COMPANY'S OBLIGATIONS
                       -----------------------------------

     The  obligations  of the Company to sell and issue the Investment Shares to
Purchaser are subject to the fulfillment on or before the Closing of each of the
following  conditions  by  Purchaser:

     6.1     REPRESENTATIONS  AND  WARRANTIES.  The  Purchaser's representations
             --------------------------------
and  warranties  contained  in Article IV shall be true on and as of the Closing
Date with the same effect as though made on and as of the date thereof.

     6.2     PAYMENT.  The  Purchaser  shall have delivered into escrow the full
             -------
amount  of  the  Investment  Purchase  Funds.

     6.3     TRANSACTION  DOCUMENTS.  Each  of  the  Transaction Documents shall
             ----------------------
have  been  fully executed and delivered by the parties thereto, and shall be in
full  force  and  effect  and

                                          12
<PAGE>
Purchaser,  if  requested  by  Company,  shall  have delivered to the Company an
executed  Confidential  Purchaser  Questionnaire.

                                   ARTICLE VII

                               REGISTRATION RIGHTS
                               -------------------

     The Company covenants and agrees as follows:

     7.1     DEFINITIONS.  For  purposes  of  this  Article  7:
             -----------

          (a)  The  term "Holder" means any person owning or having the right to
acquire  Shares  or  Registrable  Securities.

          (b)     The term "1934 Act" means the Securities Exchange Act of 1934,
as  amended.

          (c)     The  term "Public Corporation" means a corporation which has a
class of equity securities registered pursuant to Section 12 of the 1934 Act, or
which is required to file periodic reports pursuant to Section 15(d) of the 1934
Act.

          (d)     The terms "register," "registered" and "registration" refer to
a  registration  effected  by  preparing  and filing a registration statement or
similar  document  in  compliance  with  the  1933  Act,  and  such registration
statement  or  document  becoming  effective.

          (e)     The  term  "Registrable Securities" means (i) the Shares, (ii)
any  shares  of  Common  Stock  issued by Company pursuant to Section 1.1 or 1.2
hereof, and (iii) any Common Stock issued as (or issuable upon the conversion or
exercise  of any warrant, right or other security which is issued as) a dividend
or  other  distribution with respect to, or in exchange for or in replacement of
the Shares and the shares referred to in clause (ii) above, but excluding in all
cases,  however, any Registrable Securities sold by a person in a transaction in
which  his  rights  under  this Article VII are not assigned; provided, however,
                                                              --------  -------
that  any  such  securities shall cease to be Registrable Securities when one or
more  registration  statements with respect to the sale of such securities shall
have become effective under the 1933 Act and all such securities shall have been
disposed  of  in  accordance  with  the  plan of distribution set forth therein.

          (f)     The  number  of  shares  of  "Registrable  Securities  Then
Outstanding"  shall  be equal to the sum of the number of shares of Common Stock
outstanding  which  are  Registrable  Securities.

          (g)     The  term  "Registration  Expenses"  means  all  registration,
qualification,  listing and filing fees, printing expenses, escrow fees and blue
sky fees, fees and disbursements of counsel for the Company and of the Company's
independent  certified  public accountants, in each case incident to or required
by the registration under this Agreement, and any other fees and expenses of the
registration  under  this  Agreement  which  are  not  Selling  Expenses.

                                            14
<PAGE>
          (h)     The term "Selling  Expenses" means all underwriting discounts,
selling  commissions  and  stock  transfer  taxes  applicable  to the securities
registered  by  the  Holders  and  all fees and disbursements of counsel for any
Holder.

          (i)     All other  capitalized terms used in this Section that are not
defined herein shall have the meaning otherwise given in this Agreement.

     7.2     REGISTRATION  OBLIGATION.  The  Company  agrees  to  cause  a
             -------------------------
registration statement on Form S-1, SB-1 or SB-2 to be filed with the Securities
Exchange  Commission as to the Registrable Securities to be registered under the
1933 Act not later than one hundred twenty (120) days after the Closing Date and
use  its  reasonable  best  efforts to have such registration statement declared
effective  within  one  hundred  eighty  (180)  days  of  the  Closing  Date.

     7.3     PIGGYBACK  REGISTRATION  RIGHTS.
             -------------------------------

          (a)     If,  at  any  time  or  from  time  to time, the Company shall
determine to register any of its Common Stock, either for its own account or the
account  of  a security holder or holders, other than pursuant to a Registration
Statement  on  Form  S-4  or  Form  S-8, the Company will (x) promptly give each
Holder  written  notice  thereof,  and (y) include in such registration (and any
related qualification under blue sky or other state securities laws), and in any
underwriting  involved therein, all of the Registrable Securities specified in a
written  request  or  requests  made by any Holder within thirty (30) days after
receipt  of  such  written  notice  from  the  Company.

          (b)     If the registration of which the Company gives notice is for a
registered  public  offering  involving  an  underwriting,  the Company shall so
advise  the  Holders  as  part  of  the written notice given pursuant to Section
7.3(a).  In such event, the right of any Holder to registration pursuant to this
Section  7.3  shall  be  conditioned  upon  such  Holder's participation in such
underwriting  and the inclusion of Registrable Securities owned by the Holder in
the  underwriting  to  the  extent provided under this Section 7.3.  All Holders
proposing  to  distribute their Registrable Securities through such underwriting
shall  (together  with  the  Company  and any other holders of securities of the
Company  distributing  their securities through such underwriting) enter into an
underwriting  agreement  with the managing or lead managing underwriter selected
by  the  Company  in  the  form  customarily  used by such underwriter with such
changes  thereto  as the parties thereto shall agree.  Notwithstanding any other
provision  of  this  Section  7.3,  if the managing or lead managing underwriter
determines that market factors require that the number of Registrable Securities
and  other  securities  requested to be included in the registration be limited,
the  managing  or lead managing underwriter may reduce the number of Registrable
Securities  and  securities  of any other holder of securities to be included in
the  registration.  If  the  registration  includes  an  underwritten  primary
registration  on  behalf  of the Company, the reduction shall be taken (i) first
from  and  to  the  extent  of  the  securities requested to be included in such
registration  by  the  Holders  and the holders of any other securities pro rata
                                                                        --- ----
according  to the number of securities requested by the Holders and such holders
to  be  included in the registration, and (ii) thereafter from the securities to
be  registered  on  behalf of the Company.  If the registration consists only of
any  underwritten  secondary  registration on behalf of holders of securities of
the  Company,  the  reduction shall be taken (i) first from and to the extent of
the

                                            14
<PAGE>
securities  requested  to be included in the registration by the Holders and any
other  holders of securities included in the registration other than pursuant to
demand  registration  rights  pro  rata  according  to  the number of securities
                              ---  ----
requested by the Holders and such holders to be included in the registration and
(ii)  thereafter  from securities, if any, to be registered on behalf of holders
of  securities  included  in  the  registration  pursuant to demand registration
rights.  The Company shall advise all Holders and other holders participating in
such underwriting as to any such limitation and the number of shares that may be
included  in the registration and underwriting. If any Holder disapproves of the
terms  of  any such underwriting, such Holder may elect to withdraw therefrom by
written  notice  to  the  Company  and  the  managing  or lead underwriter.  Any
Registrable  Securities  excluded  or  withdrawn from such underwriting shall be
withdrawn  from  such  registration.

          (c)     The Company may withdraw a registration for which registration
rights have been exercised pursuant to this Section 7.3 at any time prior to the
time  it  becomes  effective.

     7.4     EXPENSES  OF  REGISTRATION.  All  Registration Expenses incurred in
             --------------------------
connection  with a registration pursuant to this Article 7 shall be borne by the
Company.  All Selling Expenses relating to the Registrable Securities registered
on  behalf  of  the  Holders  shall  be borne by the Holders of such Registrable
Securities  pro  rata  based  upon  the  total  number of Registrable Securities
            ---  ----
included  in  the  registration  or,  if  such Selling Expenses are specifically
allocable to Registrable Securities held by specific Holders, by such Holders to
the  extent  related  to  the  sale  of  such  Registrable  Securities.

     7.5     REGISTRATION  PROCEDURES.
             ------------------------

          (a)     In  connection with the registration of Registrable Securities
required  pursuant  to  this Article 7, the Company shall as expeditiously as is
reasonable:

               (i)     prepare  and  file with the SEC on any appropriate form a
registration  statement  with respect to such Registrable Securities and use its
reasonable  reasonable  best  efforts  to  cause  such registration statement to
become  and  remain  effective for the period described in paragraph (ii) below;

               (ii)     prepare and file with the SEC such amendments (including
post-effective  amendments)  and  supplements to such registration statement and
the  prospectus  used  in  connection therewith as may be necessary to keep such
registration  statement  effective and to comply with the provisions of the 1933
Act  with  respect  to  the  disposition of all Registrable Securities and other
securities  covered  by such registration statement the earliest of (w) when the
Shares  have  been  sold pursuant to Rule 144 promulgated under the 1933 Act (or
any  successor  provision) ("Rule 144") or such registration statement, (x) when
the  Shares have been otherwise transferred and a new certificate for the Shares
not  bearing  a legend restricting further transfer shall have been delivered by
the  Company,  (y) when all of the Holder's and its Affiliates' remaining Shares
can be sold in a single transaction in compliance with Rule 144, or (z) when the
Shares  have  ceased  to  be  outstanding;

                                       15
<PAGE>
               (iii)     furnish  to  each seller of such Registrable Securities
such  number of conformed copies of such registration statement and of each such
amendment  and  supplement  thereto  (at  least  one  of which shall include all
exhibits), such number of copies of the prospectus included in such registration
statement (including each preliminary prospectus and any summary prospectus), in
conformity with the requirements of the 1933 Act, such documents incorporated by
reference  in  such  registration  statement  or  prospectus,  and  such  other
documents, as such seller may reasonably request in order to facilitate the sale
or  disposition  of  such  Registrable  Securities;

               (iv)     use  its  reasonable best efforts to register or qualify
all  Registrable  Securities  and  other securities covered by such registration
statement  under  such other securities or "blue sky" laws of such jurisdictions
as  each  seller  shall  reasonably  request,  and do any and all other acts and
things  as  may  be  reasonably  necessary to consummate the disposition in such
jurisdictions  of  the  Registrable  Securities  covered  by  such  registration
statement, except that the Company shall not for any such purpose be required to
qualify  generally  to  do business as a foreign corporation in any jurisdiction
wherein  it  is not so qualified, or to subject itself to taxation in respect of
doing  business  in  any  such jurisdiction, or to consent to general service of
process  in  any  such  jurisdiction;

               (v)     immediately notify each seller of Registrable Securities,
at any time when a prospectus relating thereto is required to be delivered under
the  Act,  of  the  happening  of  any event as a result of which the prospectus
included  in  such registration statement, as then in effect, includes an untrue
statement  of a material fact or omits to state any material fact required to be
stated therein or necessary to make the statements therein not misleading in the
light  of  the circumstances then existing or if it is necessary, in the opinion
of counsel to the Company, to amend or supplement such prospectus to comply with
law,  and  at  the  request  of  any such seller prepare and furnish to any such
seller  a reasonable number of copies of a supplement to or an amendment of such
prospectus  as  may  be  necessary  so  that,  as  thereafter  delivered  to the
purchasers  of such Registrable Securities, such prospectus shall not include an
untrue statement of a material fact or omit to state a material fact required to
be  stated therein or necessary to make the statements therein not misleading in
the  light  of the circumstances then existing and shall otherwise comply in all
material  respects  with  law  and  so  that  such  prospectus,  as  amended  or
supplemented,  will  comply  with  law;

               (vi)     otherwise use its reasonable best efforts to comply with
all  applicable  rules  and  regulations  of  the SEC, and make available to its
security  holders,  as  soon  as  reasonably  practicable, an earnings statement
covering  the  period  of  at least twelve (12) months, beginning with the first
month  of the first fiscal quarter after the effective date of such registration
statement,  which  earnings  statement  shall  satisfy the provisions of Section
11(a)  of  the  1933  Act;

               (vii)     use its reasonable best efforts to list such securities
on each securities exchange or over-the-counter market on which shares of Common
Stock  are then listed, if such securities are not already so listed and if such
listing  is  then  permitted  under the rules of such exchange and, if shares of
Common  Stock  are not then listed on a securities exchange or over- the-counter
market,  to  use  its  reasonable  best  efforts  to  cause  such  securities to

                                       16
<PAGE>
be  listed on such securities exchange or over-the-counter market as such seller
shall reasonably request;

               (viii)     use  its reasonable best efforts to provide a transfer
agent and registrar for such Registrable Securities not later than the effective
date  of  such  registration  statement;  and

          (b)     The  Holder  or  Holders of Registrable Securities included in
any  registration  shall  furnish to the Company such information regarding such
Holder  or Holders, the Registrable Securities held by them and the distribution
proposed  by  such  Holder  or  Holders  as  the  Company  may from time to time
reasonably  request  and  as shall be reasonably required in connection with any
registration, qualification or compliance referred to in this Agreement.

          (c)     In  the case of an underwritten public offering, the Holder or
Holders  of  Registrable  Securities  included  in  any registration shall, upon
request  by  the  Company and the managing or lead managing underwriter, execute
and  deliver  custodian  agreements and powers of attorney in form and substance
reasonably  satisfactory  to the Company and such Holder or Holders and as shall
be  reasonably  necessary  to  consummate  the  offering.

     7.6     INDEMNIFICATION.
             ---------------

          (a)     The  Company  will indemnify each Holder with respect to which
registration  has been effected pursuant to this Agreement, each of its officers
and  directors,  if  any,  and  each  underwriter,  if  any, and each person who
controls  the Holder or any such underwriter within the meaning of Section 15 of
the  1933  Act,  against  any  and  all  losses, claims, damages, liabilities or
expenses  (or  actions  in  respect  thereof),  including  any  of the foregoing
incurred  in  settlement of any litigation, commenced or threatened, arising out
of  or based on any untrue statement (or alleged untrue statement) of a material
fact  contained in any registration statement or prospectus, or any amendment or
supplement  thereto,  incident  to  any  such  registration,  qualification  or
compliance,  or  based  on any omission (or alleged omission) to state therein a
material  fact required to be stated therein or necessary to make the statements
therein,  in  the  light  of  the  circumstances  in  which  they were made, not
misleading,  or  any  violation  by  the  Company of the 1933 Act or any rule or
regulation  promulgated  under  the  1933  Act  applicable  to  the  Company  in
connection  with any such registration, and the Company will reimburse each such
Holder, each such underwriter and each person who controls any such underwriter,
for  any  legal  and  other  expenses  reasonably incurred, as such expenses are
incurred,  in  connection  with  investigating,  preparing or defending any such
claims,  loss,  damage, liability or action; provided, however, that the Company
                                             --------  -------
will  not  be  liable  in any such case to the extent that any such claim, loss,
damage,  liability  or expense arises out of or is based on any untrue statement
or  omission  or alleged untrue statement or omission, made in reliance upon and
in conformity with written information furnished to the Company by an instrument
duly  executed  by  such Holder or underwriter and stated to be specifically for
use  therein.

          (b)     Each  Holder  will,  if  Registrable  Securities  held by such
Holder  are  included  in  the securities as to which such registration is being
effected,  indemnify  the  Company,  each  of  its  directors and officers, each
underwriter,  if  any,  of  the  Company's  securities  covered

                                       17
<PAGE>
by  such  a registration statement, each Person who controls the Company or such
underwriter within the meaning of Section 15 of the 1933 Act and each other such
Holder against any and all losses, claims, damages, liabilities and expenses (or
actions in respect thereof), arising out of or based on any untrue statement (or
alleged  untrue statement) of a material fact contained in any such registration
statement  or prospectus, or any omission (or alleged omission) to state therein
a material fact required to be stated therein or necessary to make the statement
therein,  in  the  light  of  the  circumstances under which they were made, not
misleading,  and  will  reimburse  the  Company,  such  Holders, underwriters or
control persons for any legal or any other expenses reasonably incurred, as such
expenses  are  incurred,  in connection with investigating or defending any such
claim,  loss,  damage, liability or action, in each case to the extent, but only
to  the  extent,  that  such  untrue  statement (or alleged untrue statement) or
omission  (or  alleged  omission)  is  made  in  such  registration statement or
prospectus in reliance upon and in conformity with written information furnished
to  the Company by such Holder.  Notwithstanding the foregoing, the liability of
each  Holder  under  this Section 7.6 shall be limited to an amount equal to the
aggregate  proceeds  received  by  such  Holder  from  the  sale  of Registrable
Securities hereunder, unless such liability arises out of or is based on willful
conduct  by  such  Holder.

          (c)     Each  party entitled to indemnification under this Section 7.6
(the  "Indemnified  Party")  shall  give notice to the party required to provide
indemnification (the "Indemnifying Party") promptly after such Indemnified Party
has actual knowledge of any claim as to which indemnity may be sought, and shall
permit  the  Indemnifying  Party to assume the defense of any such claims or any
litigation  resulting  therefrom;  provided,  however,  that  counsel  for  the
                                   --------   -------
Indemnifying  Party,  who shall conduct the defense of such claim or litigation,
shall  be  approved  by  the  Indemnified  Party  (which  approval  shall not be
unreasonably  withheld),  and  the  Indemnified  Party  may  participate in such
defense at such Indemnified Party's expense; provided, however, that the failure
                                             --------  -------
of any Indemnified Party to give notice as provided herein shall not relieve the
Indemnifying Party of its obligations under this Agreement unless the failure to
give such notice is materially prejudicial to an Indemnifying Party's ability to
defend  such action. Notwithstanding the foregoing, the Indemnifying Party shall
not  be  entitled to assume the defense for matters as to which there is, in the
opinion of counsel to the Indemnifying Party, a conflict of interest or separate
and  different defenses. No Indemnifying Party, in the defense of any such claim
or litigation, shall, except with the consent of each Indemnified Party, consent
to  entry of any judgment or enter into any settlement which does not include as
an  unconditional  term  thereof the giving by the claimant or plaintiff to such
Indemnified  Party  of  a release from all liability in respect of such claim or
litigation.  Each  Indemnified  Party  shall  furnish such information regarding
itself  or the claim in question as an Indemnifying Party may reasonably request
in writing and as shall be reasonably required in connection with the defense of
such  claim  and  the  litigation  resulting  therefrom.

     7.7     CONTRIBUTION.
             ------------

          (a)          If the indemnification provided for in Section 7.6 hereof
is  unavailable  to  the  Indemnified  Parties in respect of any losses, claims,
damages,  liabilities  or  expenses  (or actions in respect thereof) referred to
therein,  then  each  such  Indemnifying  Party,  in  lieu  of indemnifying such
Indemnified  Party,  shall  contribute  to  the  amount  paid or payable by such
Indemnified  Party  as  a result of such losses, claims, damages, liabilities or
expenses  (or

                                       18
<PAGE>
actions  in respect thereof) in such proportion as is appropriate to reflect the
relative  fault  of  the  Indemnifying Party on the one hand and the Indemnified
Party  on  the other in connection with the statement or omission which resulted
in  such losses, claims, damages, liabilities or expenses (or actions in respect
thereof),  as well as any other relevant equitable considerations.  The relative
fault  shall  be  determined  by  reference  to, among other things, whether the
untrue  statement  (or  alleged  untrue  statement),  of  a material fact or the
omission  (or  alleged omission) to state a material fact relates to information
supplied  by  the  Indemnifying  Party or the Indemnified Party and the parties'
relative  intent, knowledge, access to information and opportunity to correct or
prevent  such  statement or omission.  The Company and each Holder agree that it
would  not  be  just  and equitable if contribution pursuant to this Section 7.7
were  determined  by  pro  rata  allocation or by any other method of allocation
which  does  not take account of the equitable considerations referred to above.
The  amount  paid  or payable by an Indemnified Party as a result of the losses,
claims,  damages,  liabilities  or  expenses  (or  actions  in  respect thereof)
referred  to above in this Section shall be deemed to include any legal or other
expenses  reasonably  incurred  by  such  Indemnified  Party  in connection with
investigating  or  defending  any  such  action  or  claim.

          (b)          Notwithstanding  anything  to  the  contrary  contained
herein, the obligation of each Holder to contribute pursuant to this Section 7.7
is  several  and not joint and no selling Holder shall be required to contribute
any  amount  in  excess  of  the  amount  by  which the total price at which the
Registrable Securities of such selling Holder were offered to the public exceeds
the  amount of any damages which such selling Holder has otherwise been required
to  pay  by  reason  of  such  untrue statement (or alleged untrue statement) or
omission  (or  alleged  omission).

          (c)          No  person guilty of fraudulent misrepresentation (within
the  meaning of Section 11(f) of the 1933 Act) shall be entitled to contribution
from any person who was not guilty of such fraudulent misrepresentation.

     7.8.     EXCHANGE  ACT  REGISTRATION.     The  Company covenants and agrees
              ---------------------------
that  until  such  time as there shall be no Registrable Securities outstanding:

          (a)          it  will,  if  required  by  law,  maintain  an effective
registration  statement  (containing  such  information and documents as the SEC
shall  specify) with respect to the Common Stock under Section 12(g) of the 1934
Act  and will file in a timely manner such information, documents and reports as
the  SEC  may require or prescribe for companies whose stock has been registered
pursuant  to  said  Section  12(g);

          (b)          it  will, if a registration statement with respect to the
Common  Stock under Section 12(b) or Section 12(g) of the 1934 Act is effective,
make  whatever filings with the SEC or otherwise make generally available to the
public  such  financial  and  other  information as may be necessary in order to
enable  the Holders to sell shares of Common Stock pursuant to the provisions of
Rule  144  or  any successor rule or regulation thereto or any statute hereafter
adopted  to  replace  or  to establish the exemption that is now covered by Rule
144;

                                            19
<PAGE>
          (c)          it  will, if  no longer required to file reports pursuant
to Section 12 (g) of the 1934 Act, upon the request of any Holder, make publicly
available  the  information  specified  in subparagraph (c) (2) of Rule 144, and
will  take  such further action as any Holder may reasonably request, all to the
extent  required  from  time  to  time to enable such Holder to sell Registrable
Securities  without registration under the 1933 Act within the limitation of the
exemptions  provided  by  Rule  144  or any similar rule or regulation hereafter
adopted by the SEC; and

          (d)          upon  the  request of any Holder, it will deliver to such
Holder  a  written statement as to whether it has complied with the requirements
of  this  Section  7.8.

     The Company represents and warrants that such registration statement or any
information,  documents  or report filed with the SEC in connection therewith or
any  information  so  made  public  shall  not contain any untrue statement of a
material  fact or omit to state a material fact required to be stated therein or
necessary in order to make the statements contained therein not misleading.  The
Company  agrees to indemnify and hold harmless (or to the extent the same is not
enforceable,  make  contribution  to  the  Holders,  their  partners,  advisory
committee  members,  officers,  directors and employees acting for any Holder in
connection with any offering or sale by such Holder of Registrable Securities or
any  person,  firm  or  corporation  controlling  (within  the meaning of either
Section  15  of the 1933 Act or Section 20 of the 1934 Act) such Holder from and
against any and all losses, claims, damages, liabilities or expenses (or actions
in respect thereof) arising out of or resulting from any breach of the foregoing
representation  or warranty, all on terms and conditions comparable to those set
forth in Section 7.6; provided, however, that the Company shall be given written
                      --------  -------
notice  and an opportunity to assume on terms and conditions comparable to those
set  forth  in  Section  7.6  the  defense  thereof.

     7.9     DELAY OF REGISTRATION.  No holder shall have any right to obtain or
             ---------------------
seek  an  injunction  restraining  or otherwise delaying any registration as the
result of any controversy that might arise with respect to the interpretation or
implementation  of  this  Article  VII.

     7.10     AMENDMENTS AND WAIVERS.  Any term or provision of the registration
              ----------------------
rights stated in this Agreement may be amended and the observance of any term of
such  rights  may  be  waived  (either generally or in a particular instance and
either  retroactively  or  prospectively),  only with the written consent of the
Company and the holders of at least sixty-seven percent (67%) of the Registrable
Securities  then  outstanding.  Any  amendment  or waiver effected in accordance
with  this  section  shall  be  binding  upon  each holder of the Shares and any
Registrable  Securities  then outstanding, each future holder of Shares and such
Registrable  Securities,  and  the  Company.

                                  ARTICLE VIII

                      MISCELLANEOUS AND FURTHER PROVISIONS
                      ------------------------------------

     The  Purchaser  agrees  that:

     8.1     NO  TRANSFER  OF  SHARES  UNTIL  REGISTERED.  Purchaser  will  not
             -------------------------------------------
transfer  or  assign  the  Investment  Shares except as provided in Section 4.6.

                                       20
<PAGE>
     8.2     SUCCESSORS AND ASSIGNS.  This Agreement and this Agreement shall be
             ------------------------
binding upon the parties and their respective successors and assigns.

     8.3     INDEMNIFICATION  REGARDING  QUESTIONNAIRE.  Purchaser  shall
             -----------------------------------------
indemnify,  hold  harmless  and defend the Company and its affiliates and agents
with  respect  to  any and all loss, damage, expense, claim, action or liability
any  of  them  may  incur  as  a  result  of  the  breach  or  untruth  of  any
representations  or  warranties  made  by  the  Purchaser  in  the  Confidential
Purchaser  Questionnaire  completed  by  the Purchaser, and the Purchaser agrees
that  in the event of any breach or untruth of any representations or warranties
made by the Purchaser herein or in the Confidential Purchaser Questionnaire, the
Company  may,  at  its  option,  forthwith rescind the sale of the Shares to the
Purchaser,  if  the failure to rescind due to the breach or untruth by Purchaser
would  cause  the Company to be in violation of the registration requirements of
the  1933  Act  or  applicable  state  securities  laws.

     8.4     LEGEND.  A  legend  in  substantially  the  following  form will be
             ------
placed  on  all  documents  or  certificates  evidencing  the  Shares:

THE  SECURITIES  REPRESENTED  BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER
THE  SECURITIES  ACT  OF  1933, AS AMENDED (THE "1933 ACT"), OR APPLICABLE STATE
SECURITIES  LAWS AND MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR OTHERWISE
DISPOSED  OF  IN  THE  ABSENCE  OF  AN EFFECTIVE REGISTRATION STATEMENT FOR SUCH
SECURITIES  UNDER  THE  1933  ACT, OR AN OPINION OF COUNSEL, SATISFACTORY TO THE
ISSUER  HEREOF,  TO  THE EFFECT THAT REGISTRATION IS NOT REQUIRED UNDER THE 1933
ACT.

     8.5     SURVIVAL  OF  WARRANTIES.  The  warranties,  representations  and
             ------------------------
covenants  of  the parties contained in or made pursuant to this Agreement shall
survive  the  execution  and  delivery  of  this  Agreement  and  the  Closing.

     8.6     ENTIRE  AGREEMENT.  This  Agreement,  together  with  the  other
             -----------------
Transaction  Documents,  constitutes the entire agreement among the parties, and
no  party  shall  be  liable  or  bound  to any other party in any manner by any
warranties,  representations, guarantees or covenants except as specifically set
forth in this Agreement.  The terms and conditions of this Agreement shall inure
to  the  benefit of and be binding upon the respective successors and assigns of
the  parties.  Nothing  in  this  Agreement,  express or implied, is intended to
confer  upon  any  party  other  than  the  parties  hereto  or their respective
successors  and  assigns any rights, remedies, obligations, or liabilities under
or  by reason of this Agreement, except as expressly provided in this Agreement.

     8.7     GOVERNING  LAW.  This  Agreement shall be governed by and construed
             --------------
in  accordance  with  the  laws  of  the State of Texas (except where Nevada law
pertains  to  the  corporate  matters of Company) without regard to conflicts of
law.

                                          21
<PAGE>
     8.8     COUNTERPARTS.  This  Agreement  may  be  executed  in two  or  more
             ------------
counterparts,  each  of  which  shall  be  deemed  an original, but all of which
together  shall  constitute  one  and  the  same  instrument.

     8.9     NOTICES.  All  notices,  requests, demands and other communications
             -------
under  this  Agreement shall be in writing and shall be deemed to have been duly
given  (i)  on  the  date  of  service if served personally on the party to whom
notice is to be given, (ii) on the date of delivery if sent by prepaid overnight
courier  services, (iii) on the fifth day after the date of mailing if mailed to
the  party  to  whom  notice  is to be given, by first class mail, registered or
certified,  postage  prepaid,  and  (iv)  upon  the receipt of a confirmation of
transmission  if sent by facsimile transmission at the following addresses.  Any
party  may  change  its address for purposes of this section by giving the other
party  written  notice  of  the  new  address  in  the  manner  set forth above.

     To  Purchaser:               Mark  X  Energy  Company
                                  952  Echo  Lane,  Suite  364
                                  Houston,  Texas  77024
                                  Attention:  Charles  Barney
                                  FAX:  (713)  722-8886

     With  a  copy  to:           Gardere  Wynne  Sewell,  L.L.P.
                                  1000  Louisisana,  Suite  3400
                                  Houston,  Texas  77002
                                  Attention:  Gregory  J.  Sergesketter
                                  FAX:  (713)  276-5555

     To  Company:                 Petrosearch  Energy  Corporation
                                  4801  Woodway  Drive,  Suite  300E
                                  Houston,  Texas  77056
                                  Attention:  President
                                  FAX:  (713)  961-9338

     8.10     SEVERABILITY.  If  one  or  more  provisions of this Agreement are
              ------------
held  to be unenforceable under applicable law, such provision shall be excluded
from  this Agreement and the balance of the Agreement shall be interpreted as if
such provisions were so excluded and shall be enforceable in accordance with its
terms.

     8.11     AMENDMENT  AND/OR  MODIFICATION.  Neither  this Agreement, nor any
              -------------------------------
term  or provision hereof, may be changed, waived, discharged, amended, modified
or  terminated  orally,  or in any manner other than by an instrument in writing
signed  by  each  of  the  parties  hereto.

     8.12     HEADINGS.  The various headings of this Agreement are inserted for
              --------
convenience  only  and  shall  not  affect the meaning or interpretation of this
Agreement  or  any  provisions  hereof.

                                        SIGNATURES APPEAR ON THE FOLLOWING PAGES

                                       22
<PAGE>
EXECUTED as of the Effective Date above.

                                      PETROSEARCH  ENERGY  CORPORATION,  A
                                      NEVADA  CORPORATION

                                      By:  /s/
                                         -----------------------------------
                                      Name:_________________________________
                                      Title:________________________________

                                      MARK X ENERGY COMPANY, A TEXAS CORPORATION

                                      By:  /s/
                                         -----------------------------------
                                      Name:_________________________________
                                      Title:________________________________

LIST  OF  ATTACHMENTS:
----------------------

Exhibit  A   -   Escrow Agreement
Schedule  1  -   Capitalization of Company
Schedule  2  -   Fortuna Energy, L.P. Credit Facility
Schedule  3  -   Pending Litigation
Schedule  4  -   Material Contracts per Section 3.22

                                       23
<PAGE>
                                   EXHIBIT "A"
                                   -----------

     THE  UNDERSIGNED,  GREG  SERGESKETTER,  OF GARDERE WYNNE SEWELL LLP WHO HAS
SERVED  AS  COUNSEL  TO  PURCHASER UNDER THIS AGREEMENT, AGREES TO ACT AS ESCROW
AGENT  FOR  THE  PARTIES AS CONTEMPLATED IN SECTION 2.1 OF THIS AGREEMENT AND IN
SUCH  CAPACITY  TO  EFFECT  THE DELIVERY OF THE INVESTMENT PURCHASE FUNDS TO THE
COMPANY  UPON  DELIVERY  TO ESCROW AGENT BY THE COMPANY OF THE INVESTMENT SHARES
AND THE OFFICERS' CERTIFICATE DESCRIBED IN SECTION 5.6 OF THE AGREEMENT.

                                           /s/
                                           -------------------------------------
                                           GREG SERGESKETTER

                                       24AMENDMENT TO SHARE PURCHASE AGREEMENT
                      -------------------------------------

     This Amendment to Share Purchase Agreement (this "Amendment") is made as of
April  19,  2005  ("Effective  Date")  between  PETROSEARCH  ENERGY  CORPORATION
("Petrosearch")  and  MARK  X  ENERGY  COMPANY  ("Investor").

                                    RECITALS:

     A.     By  Share  Purchase  Agreement  dated  January  24,  2005,  between
Petrosearch  and Investor, Petrosearch sold to Investor 307,692 shares of Common
Stock,  par  value  $.001  at  $1.95 per share. The Share Purchase Agreement was
amended  by  letter  agreement (the "Letter Agreement") dated March 14, 2005, by
and  among  Petrosearch,  Investor,  Mark  I  Management,  Ltd.  and  CBarney
Investments,  Ltd.  (collectively,  "Investor's  Affiliates"),  which  Letter
Agreement  provided  for  an  extension  of  the  time  deadline  for  filing  a
registration  statement  with  the  Securities  and  Exchange Commission and for
additional  shares  to  be issued to Investor and Investor's Affiliates based on
any  near  term  placement effected by Petrosearch at less than $1.95 per share.

     B.     Petrosearch  has,  as  of  the  Effective  Date,  effected a private
placement  of  Common  Stock  at  $1.30  per share, thereby triggering the price
protection  adjustment  under  the  Letter  Agreement.

     C.     Petrosearch  and  Investor  desire  to stipulate as to the number of
additional  shares  to be issued to Investor as a result of the price protection
terms  in  the  Letter  Agreement  and to the specific date by which Petrosearch
shall file a registration statement with the Securities and Exchange Commission.

     NOW,  THEREFORE,  FOR  VALUABLE  CONSIDERATION,  the  receipt  of  which is
acknowledged  by  the  parties,  Petrosearch  and  Investor  agree  as  follows:

     1.     ADDITIONAL SHARES.  Petrosearch shall promptly cause Corporate Stock
            -----------------
Transfer,  Inc. to issue to Investor a certificate for 153,846 additional shares
of Common Stock.  The certificate shall contain a customary Rule 144 restrictive
legend,  but  the  additional  shares  shall  be  included  in  the registration
statement  to  be  filed  by  Petrosearch  with  the  Securities  and  Exchange
Commission.

     2.     STIPULATED  FILING  DEADLINE.  The  registration  statement  filing
            ----------------------------
deadline  under the Share Purchase Agreement as modified by the Letter Agreement
is  stipulated  to  be  June  3,  2005.

     3.     BINDING  ON  SUCCESSORS  AND ASSIGNS.  This Amendment shall inure to
            ------------------------------------
and be binding upon Petrosearch and Investor and their respective successors and
assigns.

     EXECUTED as of the Effective Date above.

                                             SIGNATURES APPEAR ON FOLLOWING PAGE

<PAGE>
                                       PETROSEARCH  ENERGY  CORPORATION

                                       By:______________________________________
                                              Richard D. Dole, President and CEO

                                       MARK  X  ENERGY  COMPANY

                                       By:______________________________________
                                       Name:____________________________________
                                       Title:___________________________________

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