Document:

Exhibit 10.6

                              LETTER OF INTENT FOR
                                OPTION AGREEMENT

     When countersigned by each of the parties, this Letter of Intent outlines
the general terms as of the 30th day of October, 2007 for the agreement by and
between SPIRIT EXPLORATION, a corporation incorporated pursuant to the laws of
Nevada, USA (hereinafter referred to as "Spirit Exploration") and FRANZOSI S.A.,
a corporation incorporated pursuant to the laws of Ecuador (hereinafter referred
to as "Franzosi").

     It is intended that Spirit Exploration and Franzosi shall, subject to the
terms set forth herein and in a Definitive Joint Venture Agreement, enter into
the following terms regarding the Maria OIliva Concession:

     WHEREAS, Spirit Exploration through EcuadorGoldCorp, S.A. ("Ecuador Gold"),
its 99% Ecuadorian Subsidiary, is the owner of a 100% interest in The "Maria
Olivia Concession" a mining concession which lies in the northwest corner of the
Portovelo-Zaruma mining camp, which is found in the cantons of Ayapamba and
Paccha, Province of El Oro, southern Ecuador. It is center at Latitude 03  36'
30" South and Longitude 79 40' West (Figure 1, 2, 3). It covers an area of
1,067.2 hectares.  Boundary co-ordinates for the Project are found in Table 1
below. These are based on a metric UTM grid system referenced to PSAD-56 datum
and geographic zone 17.

TABLE 1 - MARIA OLIVIA BOUNDARY COORDINATES

     EASTING - M     NORTHING - M
     -----------     ------------
     643558          9606000
     ------          -------
     645720          9607000
     ------          -------
     647000          9607000
     ------          -------
     647000          9604000
     ------          -------
     646000          9604000
     ------          -------
     646000          9599800
     ------          -------
     645000          9599800
     ------          -------
     645000          9606000
     ------          -------

                                        1
<PAGE>
     The project is situated about 175 kilometres southeast and 60 kilometres
east of the major Pacificic western foothills of the Andean Cordillera
Occidental and is more particularly described in Schedule "A" to this Option
Agreement the "Maria Olivia";

     AND WHEREAS Franzosi would like to complete a series of exploration and
development expenditures on the Maria Olivia Project for the specific corporate
purpose of earning a up to a 50% interest in the Maria Olivia Project,

     AND WHEREAS, Spirit and Franzosi will jointly form a new Ecuadorian
corporation ("Newco") which shall be granted 100% interest in the production and
exploration of the Maria Olivia concession (the "Production Interest");

     NOW THEREFORE, in consideration of the sum of Ten Dollars ($10) now paid by
Franzosi to Spirit Exploration, and of the mutual covenants herein contained,
the Parties hereto hereby agree as follows:

1.     Upon execution of this  Letter of Intent, the parties hereto hereby agree
as follows:

     The parties will diligently and in good faith negotiate a definitive Joint
Venture Agreement, (the " Agreement"), incorporating the principal terms of the
contemplated transaction as set forth herein and, in addition, such other terms
and provisions of a more detailed nature as the parties may agree upon. In the
Definitive Assignment Agreement, each of Spirit Exploration and Franzosi will
make such representations and warranties are customary in transactions of this
nature. A11 representations and warranties will survive the closing of the
transactions contemplated herein and any and all investigations at any time made
by or on behalf of the parties. The Definitive Agreement shall be completed and
executed on or before November 13, 2007 (15 days of the date of this Letter of
Intent).

     Upon execution of the Definitive Agreement, the parties will immediately
form Newco and enter into an assignment and assumption agreement pursuant to
which 100% of the Production Interest is assigned to Newco. Newco shall
initially be owned 50% by Spirit and 50% by Franzosi.

     Franzosi will Immediately issue and deliver to Spirit Exploration a total
of 23 shares (which is an equivalent of 1,000,000 common shares, once merged
with CPC in Canada; which represents approximately 3%), in the capital stock of
Franzosi upon execution and delivery of the definitive Joint Venture Agreement.
Franzosi represents and warrants that there are currently a total of 800 shares
outstanding and 23 shares constitutes approximately 3% of the total equity of
Franzosi issued and outstanding;

                                        2
<PAGE>
     As the "first tranche": Franzosi will deliver and pay the nonrefundable sum
of $250,000 upon completion of the update of the the  NI 43-101 to reflect the
"Agreement" by and between Spirit Exploration and Fransozi S.A.

As the "Second tranche": Franzosi will immediately deliver and pay the sum of
$250,000 upon the Canadian Stock Exchange accepting said NI43-101 as a
qualifying transaction, which acceptance must occur on or before January 15,
2008 (the "Acceptance Date").

     Spirit Exploration shall be permitted to cancel the definitive Joint
Venture Agreement immediately, without notice and without any recourse to Spirit
Exploration or refund of any funds, in the event the Second Tranche is not paid
on or before January 22, 2008, unless both parties agree, in writing, to extend
the Second Tranche payment.

     Franzosi shall incur the up front costs as estimated and detailed by Spirit
Exploration more fully in the Definitive Agreement and outlined now in Exhibit
1, directly associated with the extraction of Au (gold) and other precious
metals in the Maria Olivia Project.   Franzosi's interest in Newco shall
initially be 50% but retention of which shall be based upon expenditures in the
Maria Olivia Project on the following schedule:

     1.     Franzosi shall forfeit it's entire interest in Newco if payment of
Second Tranche is not made on or before the Acceptance Date (which shall
represent Phase V working capital).

     2.     Franzosi shall retain 5.25% interest in Newco but forfeit its
remaining 44.7% interest if it has not completed expenditures of $300,000 for
Phase I of the project which shall occur on or before 45 days from the
Acceptance Date.

     3.     Franzosi shall retain 8.35% interest in Newco but forfeit its
remaining 41.65% interest if it has not completed additional expenditures of
$1,500,000 for Phase II of the project which shall occur on or before forty-five
days of the Acceptance Date.

     4.     Franzosi shall retain 23.95% interest in Newco but forfeit its
remaining 26.05% interest if it has not completed additional expenditures of
$500,000 for Phase III of the project which shall occur within three months of
the commencement of drilling.

     5.     Franzosi shall retain 29.2% interest in Newco but forfeit its
remaining 20.8% interest if it has not completed final additional expenditures
of $2,000,000 for Phase IV of the project which shall occur upon demand when the
project is preparing for production and the exploration phase has created
targets to begin mine preparation.
The Definitive Agreement will include a more detailed payment schedule.

                                        3
<PAGE>
2.     The parties hereto agree that Spirit Exploration shall be the operator as
defined hereinabove and that the amounts to be expended by Franzosi shall be
expended in accordance to actual costs associated with the extraction of Au and
other precious metals in the Maria Olivia Project which shall be prepared by an
independent auditor agreed upon by a joint Franzosi-Spirit Exploration
Committee.  In order to accurately track expenditures and for auditing purposes,
(Spirit Exploration), as operator, agrees to provide Franzosi with copies of all
estimates, material contracts, receipts and all other items which attest to the
expenditure of Franzosi's funds on the Projects.  In addition, Franzosi shall
have the right to appoint a Project Supervisor/Controller whose principal
function shall be to oversee the day to day operations of the Maria Olivia
Project and to make regular reports to the participants.

3.     Franzosi shall have the right to sell, assign, transfer or otherwise
convey the whole or any part of its rights and duties under this Option
Agreement prior to vesting to a third party reasonably acceptable to Spirit
Exploration provided that notice of such action is provided to Spirit
Exploration pursuant to the notice provisions outlined in section 9 of this
Option Agreement and Spirit Exploration has a period of 60 days to review and
approve or deny such assignment.

4.     The parties hereto agree that, in the event that either party wishes to
assign or transfer the whole or any part of its working interest in the Projects
to any third party other than an affiliated party, the other party shall have a
first right of refusal in the working interest to be transferred.

5.     Franzosi represents and warrants to Spirit Exploration that:

          1. Franzosi will cooperate fully in a timely manner with Spirit
     Exploration to enable Spirit Exploration to perform its obligations as
     operator hereunder.

          2. The execution and performance of this Letter of Intent by Franzosi
     has been duly authorized by the Board of Directors of Franzosi.

          3. The performance by Franzosi of this Letter of Intent will not
     violate any applicable court decree, law or regulation, nor will it violate
     any provisions of the organizational documents of Franzosi or any
     contractual obligation by which Franzosi may be bound.

          4. Further representations and warranties shall be included in the
     Definitive Agreement.

6.     Spirit Exploration represents and warrants to Franzosi as follows:

          1. Spirit Exploration was validly incorporated and is currently in
     good standing pursuant to the relevant laws and regulations of the State of
     Nevada.

                                        4
<PAGE>

          2. The execution and performance of this Letter of Intent by Spirit
     Exploration has been duly authorized by the Board of Directors of Spirit
     Exploration.

          3. The performance by Spirit Exploration of this Letter of Intent will
     not violate any applicable court decree, law or regulation, nor will it
     violate any provisions of the organizational documents of Spirit
     Exploration or any contractual obligation by which Spirit Exploration may
     be bound.

          4. Spirit Exploration has the legal right to conduct exploration and
     development programs on the Maria Olivia Project and has the right to mine
     and otherwise commercially exploit any minerals found on the Maria Olivia
     Project.

          5. Spirit Exploration shall immediately prepare a complete budget for
     exploration and production of the Maria Olivia Project and deliver such to
     Franzosi within 10 business days from the signing of this letter of intent.

          6. Further representations and warranties shall be included in the
     Definitive Agreement.

7.     Until such time as the same may become publicly known, the parties agree
that any information provided to either of them by the other of a confidential
nature will not be revealed or disclosed to any person or entity, except in the
performance of this Letter of Intent.

8.     All notices hereunder shall be in writing and addressed to the party at
the address herein set forth, or at such other address as to which notice
pursuant to this section may be given, and shall be given by personal delivery,
by certified mail (return receipt requested), Express Mail or by national or
international courier.  Notices will be deemed given upon the earlier of actual
receipt four (4) business days after being mailed or delivered to such courier
services.

          Notices shall be addressed to (Spirit Exploration) at:
          Spirit Exploration, Inc.
          3132 W Post Road
          Las Vegas, NV 89118
          Attn:  Peter Laipnieks

          Copy to:

          Cutler Law Group
          3206 West Wimbledon Dr
          Augusta, GA 30909
          Attn:  M. Richard Cutler, Esq.

                                        5
<PAGE>

          And to Franzosi at:
          Franzosi S.A.,
          Avenida Repubiica de El Salvador
          #1082; Mansion Blanca
          Torre Paris; Piso 9
          Quito, Ecuador

9.     Miscellaneous

     This Agreement may be executed in multiple counterparts which shall be
deemed an original.  It shall not be necessary that each party execute each
counterpart, or that any one counterpart be executed by more than one party each
executes at least one counterpart

     This Agreement shall be governed by and construed in accordance with the
laws of the State of Florida.

SPIRIT EXPLORATION INC.

By:  \s\ Peter Laipnieks
     ----------------------------
     Peter Laipnieks, President

FRANZOSI RESORCES INC.

\s\ Jaime S. Gomez Moya
----------------------------

                                        6
<PAGE>

Phase I Start-up Exploration (6 months) Estimated Cost $300,000 USD
1.       Environmental Impact Study Phase I.
2.       Soil and water studies to begin with Laboratory results.
3.       Mining Engineers to begin surface evaluations for possible entry points
         of main tunnel.

Phase II (Optional) Drill Program put into place. (1 year minimum). Estimated
Cost $1,500,000 USD
1.     Hire drill team with approved North American Geologist to prepare cores
       for booking and lab preparation.
2.     Build security shelter for cores and equipment.
3.     Move equipment on site and begin drilling.
4.     Prepare model from drilling results of the ore body after the first 5,000
       meters have been drilled and sampled.
5.     Begin calculation of provable resources based upon early lab reports.
6.     Start second round of drilling (5,000 meters).
7.     Same as model above, use these to assure mining tonnage and grade for
       valuations.
8.     Repeat based upon distance, depth and width of findings.

Phase III Begin Underground Extraction (Mining). (3 Months from Drilling)
Estimated Cost $500,000 USD
1.     Complete Environmental Impact Study Phase II and III for extraction.
2.     Mining Engineers to begin construction of entry for Main Tunnel.
3.     Mechanical Engineers to approval final drawings of Processing Plant
       (Floatation).
4.     Home office to approve budgets set forth by all teams.
5.     Flow charts and objectives to be approved and met by everyone from
       financing to construction.
6.     Production objective to be set by Home Office, Plant Chief and Mining
       Chief.

Phase IV Begin Construction of 200 Ton Plant and Mining Extraction of Same. (One
year from start of Construction) Estimated Cost $2,000,000 USD
1.     Set footers for 400 Ton Per Day Processing Floatation Plant
2.     Purchase Equipment to set 200 Ton Per Day in this Phase
3.     Develop tailings pond for 5 year production at 200 Ton Per Day for Impact
       Study
4.     Rail, water, air and electricity mine for extraction of 200 Ton Per Day
       Operation
5.     Build Laboratory on site
6.     Set security perimeter around active plant and mine area

Phase V Operations: Working Capital - Estimated Cost $500,000 USD

Total: $4,300,000 Cost + $500,000 Working Capital

Revenue Model 200 T/D @ 7g/t x 26 days x 12 months = $10,046,400 Annual Gross
Revenue

                                        7Exhibit 10.7

                                SERVICE AGREEMENT

THIS AGREEMENT is dated for reference the 15th of November , 2007

BETWEEN:

     SPIRIT  EXPLORATION  INCORPORATED,  LOCATED  AT

     118  HOWE  STREET,  VANCOUVER,  BRITISH  COLUMBIA,  CANADA

     (The  "Company")

AND:

          GOAL  CAPITAL  LLC  (a  Nevada  based  LLC)  located 29773 Niguel
          Rd. #A, Laguna Niguel,  CA  92677

          (The  "Consultant")

WHEREAS  the  Company  and  the  Consultant  wish  to  enter into this Agreement
regarding  the  provision  of  the  Consultant's  services  to  the  Company,

THIS  AGREEMENT  WITNESSES  that  in  consideration  of the mutual covenants and
agreements  hereinafter  contained,  the  parties  hereto  agree  as  follows:

1.     SERVICES

1.1     The  Company hereby retains the Consultant upon the terms and conditions
of this Agreement, and the Consultant hereby accepts such retainer on such terms
and  conditions.

1.2     The  Consultant  shall provide the Company with expertise and assistance
in  the  areas  generally  described  in Schedule "A" to this Agreement and such
other services as the Company and Consultant may agree to from time to time.  If
requested  by  the  Company,  the  Consultant shall be a member of the Company's
Strategic  Advisory  Board  at  the  pleasure  of  the  Company.

1.3     The  Consultant and the Company agree and understand that the Consultant
is  an  independent  contractor and not the agent, employee, servant, partner or
joint  venturer  of  the  Company.

1.4     The  Consultant  shall  take  direction from and report to the Company's
chief executive officer or to such other person as the Company's chief executive
officer  may  direct.  The  Consultant shall devote a substantial portion of his
time  and  attention  to  the  Company's  business so as to properly perform his
duties  hereunder.

1.5     The  Consultant  covenants that it shall not do, or fail to do, anything
which  could be reasonably expected to damage the reputation of the Company, its
affiliates  or  any  of  its  directors,  officers,  employees,  contractors  or
consultants.

                                        1
<PAGE>

1.6     The  Consultant  will ensure that the substantive content of any and all
public  communications prepared by the Consultant in respect of the Company will
not  be  released to the public until it has been reviewed and consented to by a
senior  officer  of  the  Company,  which  consent must be expressed in writing.

2.     TERM

2.1     The  term  of  this  Agreement  shall  be  as  stated  in  Schedule "A".

3.     REMUNERATION  AND  EXPENSES

3.1     The  Consultant's  remuneration  will  be  as specified in Schedule "A".

3.2     Subject  to  the  limitations  expressed  below  with  respect  to prior
authorization,  the  Company  shall  reimburse the Consultant for all reasonable
expenses  incurred  by  it  in  furtherance  of  the  Company's  business.  The
Consultant  shall  submit statements and receipts for all expenses claimed.  The
Consultant  acknowledges  and  agrees that the Company's obligation to reimburse
those  expenses  is  subject  to  the  following  limitations:

     (a)  the Company  will  only  reimburse  the  Consultant for those expenses
          that  the  Company  considers  reasonable  or to which the Company has
          granted  prior  written  authorization;

     (b)  the Company  will  not  be  responsible  for,  and the Consultant will
          be  responsible  for and pay expenses associated with the provision of
          office  space  and  general  office  support  services  (e.g.  staff,
          utilities, office equipment) that may be required by the Consultant in
          connection  with  rendering  the  services  to  the  Company;  and

     (c)  the Company  will  not  be  responsible  for,  and the Consultant will
          be  responsible  for  and  will  pay  all  costs  of  conducting  the
          Consultant's  business,  including but not limited to, the expense and
          responsibility  for  any  applicable  insurance  or licenses, permits,
          taxes  or  assessments  of  any  kind, and payment of all business and
          employment  taxes  including,  but  not  limited  to,  income  taxes,
          contributions,  and  worker's  compensation  premiums.

4.     CONFIDENTIAL  INFORMATION

4.1     The Consultant shall keep all Confidential Information in confidence and
not  use  or  allow  others  to  use any Confidential Information except for the
Company's  benefit  and the Consultant shall use its best efforts to ensure that
all  of  its  employees,  agents  directors and officers who become privy to the
Confidential  Information  are  bound  by  the  terms  of this section.  In this
Agreement,  "Confidential  Information" means all data, processes, formulations,
analysis,  methodologies  and  other  information  which  is  designated  by the
Company  as  confidential  or  which  would  be  reasonably  understood  to  be
confidential  information  based  on  the  substance  of the information and the
circumstances  under  which it is conveyed, whether orally or in writing, except
for  any  part  of  the  Confidential  Information  which:

     (a)  is or becomes  publicly  available  other  than  as  a  result  of  a
          disclosure  by  the  Company;

     (b)  is or becomes  available  to  the  Consultant  from  a  source  (other
          than  the  Company  or  its representatives) which, to the best of the
          Consultant's  knowledge  after  due  inquiry,  is  not prohibited from
          disclosing  such information to the Consultant by a legal, contractual
          or  fiduciary  obligation;  or

                                        2
<PAGE>
     (c)  the Consultant  demonstrates  was  properly  in  the  Consultant's
          possession  or  control at the time of disclosure of that Confidential
          Information  to  it  by  the  Company  or  its  representatives.

4.2          The  Consultant  agrees  that  it  shall  not,  before  or  after
termination  or  expiry  of  this  Agreement,  remove  any  reports information,
property,  or  any other material belonging to the Company, or any reproductions
thereof,  without  the  prior  written  permission  of  the  Company's  CEO.

4.3     The  Consultant  acknowledges  and agrees that, without prejudice to any
and  all rights of either party to this Agreement, an injunction may be the only
effective  remedy to protect a breach of the provisions of this section 4.  This
section  4  will  survive  the  termination  of  this  Agreement.

       TERMINATION  OF  AGREEMENT

4.4           This  Agreement  may be terminated by the Company immediately upon
breach of this agreement by the Consultant. The company must have legitimate and
justifiable  proof  that  such a breach has occurred. Upon any such termination,
the  Company  shall  pay  Consultant  for  any fees earned and expenses incurred
through  the  date  of  termination.

       RELATIONSHIP

4.5     The Consultant is an independent contractor of the Company, and no party
to  this  Agreement  will  make  any representations or statements indicating or
suggesting  that  any  joint  venture,  partnership,  or other such relationship
exists  between  the  Company and the Consultant. The Company and the Consultant
will  have  no  authority to assume or create obligations binding upon the other
and  will  not  take  any  action  which  may  have  the  effect of creating the
appearance  of  having  such  authority.

        COMPLIANCE  WITH  LAWS

5.     The  Consultant  shall  comply  with  all  applicable statutes, rules and
regulations  and  the  lawful  requirements  and  directions of any governmental
authority  having  jurisdiction  with  respect to the provision of its services.

6.     MISCELLANEOUS

6.1     The  provisions  of  the  schedules  attached  to this Agreement form an
integral  part  of  this  Agreement.

6.2     Any notice or other communication given under this Agreement shall be in
writing  and  shall  be  deemed  to have been given if personally delivered to a
party hereto at its address appearing on the first page of this Agreement (or to
such  other  address  as  one  party  provides  to  the  other in a notice given
according  to  this  subsection).  All notices and other communications shall be
deemed  to  have been given and received on the first business day following its
delivery  as  aforesaid.

6.3     The  provisions of sections 4 of this Agreement shall survive the expiry
or  earlier  termination  of  this  Agreement.

6.4            Each  provision of this Agreement is severable.  If any provision
of  this  Agreement  is  or  becomes  illegal,  invalid  or unenforceable in any
jurisdiction,  the  illegality, invalidity or unenforceability of that provision
will  not  affect:

     (a)  the legality,  validity  or  enforceability  of  the  remaining
          provisions  of  this  Agreement,  or

     (b)  the legality,  validity  or  enforceability  of  that provision in any
          other  jurisdiction

                                        3
<PAGE>

     Except  that  if:

     (c)  on the  reasonable  construction  of  this  Agreement  as a whole, the
          applicability  of  the  other  provision  presumes  the  validity  and
          enforceability  of  the particular provision, the other provision will
          be  deemed  also  to  be  invalid  or  unenforceable;  and

     (d)  as a result  of  the  determination  by  a  court  of  competent
          jurisdiction  that  any  part  of  this  Agreement is unenforceable or
          invalid  and, as a result of this Section 8.4, the basic intentions of
          the  parties  in  this  Agreement are entirely frustrated, the parties
          hereto  will  use  all  reasonable  efforts  to  amend,  supplement or
          otherwise  vary  this  Agreement  to confirm their mutual intention in
          entering  into  this  Agreement.

6.5     This  Agreement  may  not be assigned by either party hereto without the
prior  written  consent of the other.  This Agreement shall enure to the benefit
of and be binding upon the parties and their respective successors and permitted
assigns.

6.6     The  laws of California and the laws of the United States of America are
applicable  therein  shall  exclusively  govern  this  Agreement.

6.7     This  Agreement  represents  the  entire  agreement  between the parties
hereto  and  their respective principals and supersedes all prior agreements and
understandings,  whether  written  or  oral,  between the parties concerning the
Consultant's  provision  of  services to the Company.  This Agreement may not be
amended  or otherwise modified except by an instrument in writing signed by both
parties.

6.8     This  Agreement  may be executed in counterparts, each of which shall be
deemed to be an original and both of which shall constitute one agreement.  This
Agreement  may  be  delivered  by  fax.

IN  WITNESS  WHEREOF the parties have executed this Agreement as of the 15th day
of  November,  2007  the  above  written  notwithstanding  its  actual  date  of
execution.

     SPIRIT EXPLORATION INCORPORATED

Per: \s\ Terry Fields
     ----------------------------------
     TERRY FIELDS , DIRECTOR / CEO

     GOAL CAPITAL LLC.

Per: \s\ Danny Gravelle
     ----------------------------------
     DANNY GRAVELLE, PRESIDENT / CEO

                                        4
<PAGE>

                                   SCHEDULE A

                               DETAILS OF RETAINER

The Consultant shall provide the Company with his expertise and assistance, on a
part  time  basis,  in  the  following  areas:

INVESTOR  RELATIONS  (including  company information dissemination to interested
parties,  inquiry  responses,  assistance  with  company events, assistance with
AGMs,  advertising, etc.) In this regard, the Consultant acknowledges and agrees
that  it is of principal importance to the Company that the Consultant initiates
contact  with  and  introduce  the  Company  to  relevant  industry  analysts,
institutional  and  retail  investors  throughout  North  America  and  Europe.

GENERAL  SHAREHOLDER  RELATIONS  (including responding to shareholder inquiries,
proper  disclosure,  news  release & update dissemination, assistance with other
disclosure  issues,  etc.)

INVESTOR  DATABASE  DEVELOPMENT  (creation  and  maintenance  of  an  investor &
shareholder  database  to  be  used  for  full,  proper  and  timely disclosure)

CORPORATE CONSULTATION (including assistance with internal company matters, news
release  &  reporting  issues,  possible  finance  issues,  etc.)

THE TERM OF THIS AGREEMENT will commence on November 15, 2007 (the "Start Date")
and  will  terminate  on  May  15, 2008 (subject to Sections 4.4). This shall be
known  as the "Guaranteed Period". The Company will pay a monthly fee in advance
of services of USD $ 4000 to the Consultant commencing November 15, 2007. At the
end  of  the  Guaranteed  Period,  this  Agreement  will  terminate  unless  the
Consultant  and  the  Company  agree  in writing to extend the Agreement period.

The  Company will compensate the Consultant with 30 000 restricted common shares
(  144  rule)  of  Spirit  Exploration  Incorporated (SPXP / Pink sheets) at the
commencement  of  this  agreement  .

In  the  event  that  the  Company  should  be  acquired during the term of this
Agreement,  all  monetary  payments  within  the  guaranteed  period  shall  be
accelerated.

                                        5
<PAGE>

EQUITY  INTRODUCTION

FINANCING: The Consultant may introduce to the Company different sources of
potential financing.
Spirit  Exploration  shall  pay  the  Consultant  an introduction fee equivalent
payable  in  cash  for  all  investments received by the Spirit Exploration from
Introductions,  said  amounts  to  be paid in cash or equivalent at the time the
investment  funds  are received and cleared by the company. Spirit's obligations
shall survive any termination of this Agreement including but not limited to the
expiration  of  the  term  of  this Agreement The compensation structure for the
introduction  of  equity  shall  be  as  follows.;

                           Equity                      Compensation

                           $100 000 -$ 200 000         $12 000

                           $200 000 -$400 000          $24 000

                           $400 000- $ 600 000         $36 000

                           $600 000-$ 800 000          $50 000

                           $800 000- $ 1 million       $65 000

                           $1 million-$1.5 million     $105 000

                           $1.5 million-$2 million     $125 000

                           $2.5million-$3.0 million    $200 000

                           $3.5million - 4.0 million   $240 000

                           above  $4 million           $260 000

The Company and Consultant may negotiate a separate agreement regarding private
placements and future financings of the Company.

                                        6

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