Document:

Exhibit 10.01

                                    COLORADO
                              VENTURE AGREEMENT OF
                         MID-POWER RESOURCE CORPORATION
                   AND EDWARD MIKE DAVIS AND/OR HIS DESIGNEES

This Venture Agreement ("Agreement") is entered into this 24th day of September
2002, by and between Mid-Power Resource Corporation ("Mid-Power") and Edward
Mike Davis and/or his designees ("Davis"), collectively the Parties.

The parties hereto agree that this Venture Agreement shall cover all of Township
3 South, Ranges 49,50 and 51 West, and the Otis #2 Prospect, Township 2 North,
Range 50 West, all in Washington County, Colorado.

Mid-Power hereby agrees to advance to Davis $750,000.00 upon signing of this
Venture Agreement to pay for all costs up to $750,000.00 associated with
acquiring lands and leases, shooting and interpreting seismic, geology, drilling
and completing wells and any and all other expenses incurred in the above
described Township and Ranges and the Otis #2 Prospect for Davis to identify
drilling prospects. Mid-Power shall earn a 35% working interest based on an 80%
net revenue interest equating to a 28% net revenue interest in the spacing unit
of any well drilled and completed, ready to sell oil and/or gas using the above
$750,000.00, in the Township and Ranges and the Otis #2 Prospect described
above, as designated by Davis and approved by the State of Colorado Oil and Gas
Conservation Commission. Davis does not warrant title either expressed or
implied on any of the lands mentioned above except by through and under Davis.

After the $750,000.00 is spent, Mid-Power shall have the continuing right to
earn the above stated interest in designated spacing units within the Township
and Ranges and the Otis #2 Prospect described above by electing to drill as
mentioned above when notified by Davis immediately and Mid-Power paying 100% of
all cost to drill and complete a well ready to sell oil and/or gas. Further,
should Mid-Power not elect to continue the right to earn at any point, then in
that event, Mid-Power shall earn only the designated spacing units previously
earned and shall no longer have any further rights in the Township and Ranges
and the Otis #2 Prospect described above.

The Parties shall enter into an AAPL 610-1989 Operating Agreement, like the one
used by the Parties on the Lohman 2A-14 well in Colusa County, California,
naming Davis or his designee as Operator. This Operating Agreement shall provide
for a One Hundred Percent (100%) Non-Consent Penalty and any other modifications
to be mutually agreed upon by the Parties hereto. There will also be attached to
the Operating Agreement, a COPAS 1984 Onshore Accounting Procedure providing for
a $1,250.00 per month producing well change for the Well drilled pursuant to
this Agreement. In the event there is a conflict between the terms of the
Operating Agreement and this Agreement, the Provisions of this Agreement shall
prevail.

<PAGE>

All operations on the above Lands shall be conducted in accordance with the
Terms and Conditions of the underlying Oil and Gas Leases and all related
Agreements and in accordance with the rules and regulations of the State of
Colorado Oil and Gas Conservation Commission and any and all governmental
bodies.

Mid-Power and Davis hereby agree to treat this Letter Agreement as a Tax
Partnership and further agree that all allowable tax deductions generated by
this Venture shall be allocated to the party whose funds have been used to pay
such costs.

A Colorado Venture Agreement account between Mid-Power and Davis shall be opened
at the Bank of America in Las Vegas, Nevada.

It is agreed by the Parties hereto that a fully executed fax copy of this
Agreement shall be deemed the same as a fully executed Original Agreement.

This agreement shall be binding upon and inure to the benefit of each Party,
their respective Legal Representatives, Heirs and Assigns.

IN WITNESS WHEREOF, the Parties have signed this Agreement effective as of the
date set forth above.

PARTIES:

Mid-Power Resource Corporation

/s/ James W. Scott
-----------------------------------
By:  James W. Scott, President

/s/ Edward M Davis
-----------------------------------
Edward Mike DavisExhibit 10.02

                                     WYOMING
                              VENTURE AGREEMENT OF
                         MID-POWER RESOURCE CORPORATION
                   AND EDWARD MIKE DAVIS AND/OR HIS DESIGNEES

This Venture Agreement ("Agreement") is entered into this 24th day of September
2002, by and between Mid-Power Resource Corporation ("Mid-Power") and Edward
Mike Davis and/or his designees ("Davis"), collectively the Parties.

The parties hereto agree that this Venture Agreement shall cover all of Township
14 North, Ranges 61 and 62 West, Township 15 North, Ranges 61 and 62 West,
Laramie County, Wyoming, being acquired from Kachina Energy of Denver, Colorado.

Mid-Power hereby agrees to advance to Davis $800,000.00 (as the initial advance)
upon the signing of this Venture Agreement, and to pay for all costs needed to
drill and complete the initial well, shoot and interpret seismic, geology,
acquiring lands and leases covering approximately 20,000 acres and any and all
other expenses incurred for Davis to identify drilling prospects in the above
described Townships and Ranges. The $800,000.00 initial advance to Davis shall
be made as follows: $550,000.00 from the Colusa County Escrow Account and
$250,000.00 from the SE Colorado Exploration Account. Further, any and all costs
above the initial advance of $800,000.00 needed to accomplish the above, shall
be immediately advanced to Davis by Mid-Power upon Davis' request. Mid-Power
shall only earn a 35% working interest based on an 80% net revenue interest
equating to a 28% net revenue interest in the spacing unit of any well drilled
and completed, ready to sell oil and/or gas as designated by Davis and approved
by the State of Wyoming Oil and Gas Conservation Commission on the above
described Townships an Ranges. Davis does not warrant title either expressed or
implied on any of the lands mentioned above except by and through and under
Davis.

The monies that are being transferred from the Colusa County Escrow Account and
the SE Colorado Exploration Account will be replenished if Mid-Power wants to
pursue those ventures further than the money left in these two accounts will
allow.

After all items as referred to above are accomplished and the initial well is
drilled and completed, Mid-Power shall have the continuing right to earn the
above stated interest in designated spacing units within the Townships and
Ranges described above by electing to drill as mentioned above when notified by
Davis immediately and by Mid-Power paying 100% of all cost to drill and complete
a well ready to see oil and/or gas. Further, should Mid-Power not elect to
continue the right to earn, at any point, then in that event, Mid-Power shall
earn only the designated spacing unit or units previously earned and shall no
longer have any further rights in the Township and Ranges described above.

The Parties shall enter into an AAPL 610-1989 Operating Agreement, like the one
used by the Parties on the Lohman 2A-14 well in Colusa County, California,
naming Davis or his designee as Operator.

This Operating Agreement shall provide for a One Hundred Percent (100%)
Non-Consent Penalty and any other modifications to be mutually agreed upon by
the Parties hereto. There will also be attached to the Operating Agreement, a
COPAS 1984 Onshore Accounting Procedure providing for a $1,250.00 per month
producing well change for the Wells drilled pursuant to this Agreement. In the
event there is a conflict between the terms of the Operating Agreement and this
Agreement, the Provisions of this Agreement shall prevail.

<PAGE>

All operations on the above Lands shall be conducted in accordance with the
Terms and Conditions of the underlying Oil and Gas Leases and all related
Agreements and in accordance with the rules and regulations of the State of
Wyoming Oil and Gas Conservation Commission and any and all governmental bodies.

Mid-Power and Davis hereby agree to treat this Letter Agreement as a Tax
Partnership and further agree that all allowable tax deductions generated by
this Venture shall be allocated to the party whose funds have been used to pay
such costs.

A Wyoming Venture Agreement account between Mid-Power and Davis shall be opened
at the Bank of America in Las Vegas, Nevada.

It is agreed by the Parties hereto that a fully executed fax copy of this
Agreement shall be deemed the same as a fully executed Original Agreement.

This agreement shall be binding upon and inure to the benefit of each Party,
their respective Legal Representatives, Heirs and Assigns.

IN WITNESS WHEREOF, the Parties have signed this Agreement effective as of the
date set forth above.

PARTIES:

Mid-Power Resource Corporation

/s/ James W. Scott
--------------------------------------
By:  James W. Scott, President

/s/ Edward M Davis
--------------------------------------
Edward Mike DavisExhibit 10.03

                SCRS INVESTORS, LLC/MID-POWER SERVICE LOAN TERMS

This Line of Credit Agreement ("Agreement") by and between SCRS investors, LLC,
a Nevada limited liability corporation ("Lender") and Mid-Power Resource
Corporation, a Nevada corporation ("Borrower") is made and entered in to on this
31st day of October, 2002.

Borrower wishes to borrow from Lender for the purpose of maintaining its
obligations and holding its assets as are described in the attached agreements
identified for purposes of this Agreement as Wyoming I and Colorado II. Lender
desires to loan and to Borrower on the terms and conditions as set forth
hereinbelow.

Now, therefore, for good and valuable consideration the receipt and adequacy of
which are acknowledged, the parties agree as follows:

   1.    LOAN FOR VALUE RECEIVED, the undersigned ("Borrower"), promises to pay
         on or before April 30, 2003 to Lender, or order, the aggregate
         principal amount outstanding on Borrower's revolving line of credit as
         shown on Lender's records which shall at all times be conclusive and
         govern, with interest payable monthly on the unpaid balance outstanding
         from time to time at an annual rate equal to nine percent (9%) per
         annum.

         Lender and Borrower will establish specific instructions and procedures
         by which draws against said credit will be presented for disbursement.
         Principal and interest shall be payable at the offices of Lender, 3800
         Howard Hughes Parkway, Suite 860, Las Vegas Nevada.

         In the event any holder hereof utilizes of an attorney in attempting to
         collect the amounts due hereunder to enforce the terms hereof any
         agreements related his indebtedness, or any holder hereof becomes party
         plaintiff or defendant any legal proceeding in relation to the property
         described in any instrument securing this note or for the recovery or
         protection of the indebtedness evidenced hereby borrower, its
         successors and assigns, shall repay to such holder hereof, on demand,
         all cost and expenses so incurred, including reasonable attorney's
         fees, including those costs, expenses and attorneys' fees incurred the
         filing by or against the Borrower of any proceeding under any chapter
         of the Bankruptcy Act, or similar federal or state statute, and whether
         incurred in connection with the involvement of any holder hereof as
         creditor in such proceedings or otherwise.

         Lender and Borrower shall establish specific instructions and
         procedures by which draws against said credit will be presented for
         disbursement, but nothing contained herein shall create a duty on the
         part of Lender to make said disbursement if Borrower is in default.
         Lender agrees to lend to Borrower, and Borrower agrees to borrow form
         Lender, up to $1,700,000.00 to complete the acquisition of leases and
         to conduct drilling an exploration activities pursuant to the of the
         Wyoming I and Colorado II Agreements.

<PAGE>

    2.   Warranties. As a material inducement to Lender to enter into this
         Agreement and to make the Loan to Borrower, Borrower and each signatory
         who signs on its behalf unconditionally represents and warrants to
         Lender as follows:

             2.1. Borrower is duly formed and validly existing under the laws of
                  Nevada and has full power to consummate the transactions
                  contemplated.

             2.2. Borrower has full authority to execute this Agreement to
                  undertake and consummate the contemplated transactions
                  contemplated.

             2.3. This Agreement constitutes a legal and binding obligation of,
                  and is valid and enforceable against, each party other than
                  Lender, in accordance with the terms of each.

    3.   Events of Default. At the option of Lender, each of the following
         events will constitute a default (each and "Event of Default"):

                     (a) failure to comply with the terms of this Agreement;
                     (b) if an insolvency proceeding is commenced by or against
                         Borrower, or if Borrower acknowledges insolvency.

             3.1. Option to Act. On the occurrence of any Event of default, in
                  addition to its other rights in this Agreement, at law, or in
                  equity, Lender may, without prior demand, exercise any one or
                  more of the following rights and remedies:

                     (a) Termination of Disbursements. Terminate its obligation
                         to make disbursements.

                     (b) Acceleration. Declare all sums owing to Lender under
                         this Agreement immediately due.

                     (c) Continuation of Disbursements. Make any disbursements
                         after the happening of any one or more of the Events of
                         default, without waiving its right to demand payment of
                         the Note or any other rights or remedies and without
                         liability to make any other or further disbursements,
                         regardless of Lender's previous exercise of any rights
                         and remedies.

                     (d) Legal and Equitable Remedies. Proceed as authorized at
                         law or inequity with respect to the Event of Default,
                         and in connection with that, remain entitled to

<PAGE>

                         exercise all other rights and remedies described in
                         this Agreement.

    4.   Nonliability for Negligence, Loss, or Damage.

         Borrower acknowledges, understands, and agrees as follows:

         The relationship between Borrower and Lender is, and will at all times
         remain, solely that of borrower and lender, and Lender neither
         undertakes nor assumes and responsibility for or duty to Borrower to
         select, review, inspect, supervise, pass judgment on, or inform
         Borrower of the quality, adequacy, or suitability of work performed by
         Borrower in the drilling and operations of the wells described in the
         Wyoming I and Colorado II Agreements.

    5.   Controlling Law; Approvals. This Agreement be governed by and construed
         in accordance with Nevada law.

    6.   Amendment. This Agreement may not be modified, waived, discharge, or
         terminated expect by a written instrument signed by the party against
         whom enforcement of the modification, waiver, discharge, or termination
         in asserted.

    7.   Severability. If any terms, provision, covenant, or condition or any
         application is held by a court of competent jurisdiction to be invalid,
         void or unenforceable, all terms, provisions, covenants, and conditions
         an all applications not held invalid, void, or unenforceable will
         continue in full force and will in no way be affected, impaired, or
         invalidated.

    8.   Integration And Interpretation. This Agreement contains or expressly
         incorporates by reference the entire agreement between Lender and
         Borrower with respect to the covered and supersede all prior
         negotiations.

    Executed as of the date first set forth above.

    SCRS Investors, LLC                           Mid-Power Resource Corporation

     /s/ James W. Scott                            /s/ Kenneth M. Emter
    ------------------------------                ------------------------------
     By:                                           By:

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