Document:

Exhibit 10.1

Exhibit 10.1

LEASE

	
THIS AGREEMENT MADE BETWEEN:

	 
	
North America Education Holdings Inc.

	
hereinafter referred to as the "Tenant"

	
and

	
Broadway Telecom Inc.

	
hereinafter referred to as the "Landlord"

	 
	
We hereby agree that the Lease will be on the terms and conditions hereinafter set forth and shall constitute a legal binding contract, for premises at 2/F of 8788 McKim Way, Richmond, B.C.

	 
	
(1) 
	
Suite #
	 	 	 	
2130

	 	
Monthly Rental Rate: 
	 	
C$1152.80 (Plus Goods and Services Tax)

	 	
Security/Damage Deposit: 
	
C$1152.80 (Plus Goods and Services Tax)

	 	
Commencement Date: 
	 	
Nov. 01, 2004

	 
	
(2) 
	
This agreement is based on a term of occupancy of 2 year(s). The Tenant shall have the right to renew this Lease for the same terms and conditions as contained in this Lease, except for the monthly rental rate payable by the Tenant. The monthly rate during such renewal term shall be the then current market rental for the Premises. The Tenant is required to enter a Lease renewal with the Landlord at least three months prior to the last day of the initial term.

	 
	
(3) 
	
The Rental Rate includes: building operation expenses such as strata fee, property taxes, electricity and water and no other.

	 
	
(4) 
	
Rent, services and costs incurred are due and payable on the 1st of each month. Interest will be charged at the rate of 15% per annum on overdue accounts.

	 
	
(5) 
	
The Tenant is responsible for insuring personal contents of offices rented. The Landlord will not be responsible for the Tenant's property or that of the Tenant's visitor's unless due to gross negligence or willful misconduct on the part of the Landlord.

	 
	
(6) 
	
No liability will be charged against the Landlord in regards to injuries to the Tenant or his/her clients unless due to gross negligence or willful misconduct of the Landlord.

	 
	
(7) 
	
Security/damage deposit is held by the Landlord and subject to the following conditions:

	 
	 	
*
	
Upon expiry the deposit will be applied to the Tenant'
s account, provided the Tenant'
s account is in good standing and there is no damage to the premises;

	 
	 	
*
	
Failure to give proper notice will result in forfeiture of the deposit, and the term of required notice will be due and payable, as invoiced.

 

	 	
*
	
Should a Tenant's account be in arrears, the deposit will be held until such time as the account is brought in to good standing. Any Tenant whose account is sent for collection will not receive a refund of the security/damage deposit, and the amount shall be forfeited as a cost of collection.

	 
	
(8) 
	
The Tenant is bound by the terms set out in this Lease.

	 
	
(9) 
	
Storing of products of a flammable or explosive nature is forbidden.

	 
	
(10) 
	
The Leased Premises shall be used solely for general office purposes in a manner compliant with the City of Richmond Zoning By-Law Regulations for the Premises.

	 
	
(11) 
	
The Landlord shall have unlimited access to show the Premises (with reasonable notice) upon receiving notification of termination of the Lease from the Tenant.

	 
	
(12) 
	
Notwithstanding the other clauses contained herein, the Landlord retains the right to discontinue this agreement at its reasonable, but unfettered discretion for conduct inconsistent with the general practices and policies of the office, including the disturbance and/or annoyance of other tenants within the building due to the Tenant's actions and/or behavior. This in no way changes the obligation of the Tenant to the Landlord in regards to the terms and conditions of this Lease, up to the termination date as agreed by both parties.

	 
	
(13) 
	
The Tenant shall, at its sole cost and expense, keep in good repair and condition (reasonable wear and tear excepted) all of the Premises and every part thereof including without limitation all glass in the Premises and all improvements, fixtures and furnishings therein. The Tenant must have the Landlord's prior written approval to hang pictures, other than those provided, as to location and type of materials to be used. Upon vacating the premises, any all damage resulting from the Tenant's occupancy will be repaired and deducted from the deposit. If special cleaning is required of walls and/or carpeting, it will be evaluated and also deducted from the deposit.

	 
	
UPON EXECUTION OF THIS AGREEMENT, the Tenant acknowledges a complete understanding of all terms, policies and charges and agrees to accept full liability binding upon the signature hereunder, for any authorized charges incurred.

	 
	
IN WITNESS WHEREOF the parties hereto as authorized signing officers of the company have signed their names, this 30th day of October, 2004.

	 
	
North America Education Holdings Inc.

	
Per: _________________________________

	
(Tenant)

	 
	
Broadway Telecom Inc.

	
Per:_________________________________

	
(Landlord)

 

 - 2 -Exhibit 10.1

                            STOCK PURCHASE AGREEMENT

         THIS STOCK PURCHASE  AGREEMENT  (this  "Agreement") is made and entered
into as of the  11th day of  October,  2005,  by and  between  Halter  Financial
Investments,  L.P., a Texas limited  partnership  ("Purchaser"),  maintaining an
address at 12890  Hilltop  Road,  Argyle,  Texas 76226,  and Nevstar  Gaming and
Entertainment Corporation, a Nevada corporation (the "Company"),  maintaining an
address at 1900 Avenue of the Stars, Suite 2410, Los Angeles, California 90067.

                              W I T N E S S E T H:

         WHEREAS, the Company desires to sell to Purchaser and Purchaser desires
to purchase  from the Company a total of  75,000,000  newly  issued,  restricted
shares (the  "Shares") of the common  capital  stock of the  Company,  par value
$0.01 per share,  representing  approximately  59.7% of the Company's issued and
outstanding  common  capital  stock  at the  time  of  Closing  (as  hereinafter
defined), upon the terms,  provisions,  and conditions and for the consideration
hereinafter set forth; and

         WHEREAS,  William  O.  Fleischman,  the  Principal  Executive  Officer,
Principal  Financial  Officer and a member of the Board of  Directors of Company
("Fleischman"),  has agreed to be a party to this Agreement  solely for purposes
of complying with Section 6.2 of this Agreement; and

         NOW,  THEREFORE,  for and in  consideration  of the premises and mutual
covenants  and  agreements   contained   herein  and  other  good  and  valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto do hereby represent, warrant, covenant, and agree as follows:

Section 1. Issuance and Sale of Shares.

         Based upon the representations,  warranties,  and covenants and subject
to the terms,  provisions,  and  conditions  contained  in this  Agreement,  the
Company  agrees to sell and deliver the Shares to  Purchaser,  free and clear of
all liens, pledges,  encumbrances,  security interests,  and adverse claims, and
Purchaser  agrees to purchase the Shares from the Company for the  consideration
hereinafter set forth.

Section 2. Purchase Price.

         The total purchase price to be paid to the Company by Purchaser for the
Shares is $75,000.00 (the "Purchase Price"), payable in cash by wire transfer of
immediately available funds or certified check.

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<PAGE>

Section 3. The Closing.

         Upon  execution of this Agreement  (the  "Closing"),  the Company shall
deliver to Purchaser a  certificate(s)  evidencing the Shares issued in the name
of Purchaser, and immediately upon delivery thereof,  Purchaser shall deliver to
Company the Purchase Price.

Section 4. Representations and Warranties of the Company.

         In connection with the transactions contemplated by this Agreement, the
Company hereby represents and warrants to Purchaser as follows:

         4.1. Organization, Standing and Power.

         The Company is duly  organized,  validly  existing and in good standing
under  the laws of the  jurisdiction  in which  it is  incorporated  and has the
requisite  corporate  power and  authority to carry on its business as now being
conducted.  The Company is duly  qualified  or licensed to do business and is in
good  standing in each  jurisdiction  in which the nature of its business or the
ownership or leasing of its  properties  makes such  qualification  or licensing
necessary.  The Company  has  heretofore  delivered  to the  Purchaser  true and
complete copies of its Articles of Incorporation,  as amended, and By-laws, each
as  currently  in effect.  The Company has no  subsidiaries  and does not own or
control,  directly  or  indirectly,  any  shares of  capital  stock of any other
corporation or any interest in any partnership, limited liability company, joint
venture or other non-corporate business enterprise.

         4.2. Validity of Transaction.

         This Agreement and, as applicable,  each other  agreement  contemplated
hereby are, or upon execution will be, valid and legally binding  obligations of
the Company,  enforceable in accordance with their  respective terms against the
Company, except as limited by bankruptcy,  insolvency and similar laws affecting
creditors  generally,  and by general principles of equity. At the time that the
Shares are sold,  assigned,  transferred  and conveyed to Purchaser  pursuant to
this Agreement,  the Shares will be duly authorized,  validly issued, fully paid
and  nonassessable.  The execution,  delivery and  performance of this Agreement
have been duly  authorized  by the Company  and will not violate any  applicable
federal  or state  law,  any  order of any  court or  government  agency  or the
Articles of Incorporation or By-laws of the Company. The execution, delivery and
performance of this Agreement and each other agreement  contemplated hereby will
not result in any breach of or default  under,  or result in the creation of any
encumbrance  upon any of the assets of the Company  pursuant to the terms of any
agreement by which the Company or any of its respective assets may be bound. The
Company does not have any knowledge that any consent,  approval or authorization
of,  or  registration  or  filing  with  any  governmental  authority  or  other
regulatory agency, is required for the validity of the execution and delivery by
the Company of this Agreement or any documents related thereto.

         4.3. Capital Structure.

         The  authorized  capital stock of the Company  consists of  126,396,450
shares of common stock,  par value $0.01 per share (the "Company Common Stock").
As of the date of this Agreement,  there are 50,715,008 shares of Company Common
Stock issued and outstanding.  No shares of Company Common Stock are held by the

                                       2
<PAGE>

Company in its treasury.  All outstanding shares of capital stock of the Company
have been duly authorized and validly issued,  are fully paid and nonassessable,
and were not subject to preemptive or similar rights at the time of issuance. No
bonds,  debentures,  notes or other indebtedness of the Company having the right
to vote (or convertible into, or exchangeable  for,  securities having the right
to vote) on any  matters on which the  stockholders  of the Company may vote are
issued or outstanding.  There are no outstanding  stock  appreciation  rights or
similar derivative  securities or rights,  including options or warrants, of the
Company.

         4.4.  Absence of Certain  Changes or Events;  No  Undisclosed  Material
Liabilities.

         Except as otherwise  set forth in Schedule 4.4 to this  Agreement,  the
Company has no  Liabilities.  "Liability"  means,  as to any person,  all debts,
liabilities and obligations,  direct,  indirect,  absolute or contingent of such
person,  whether  accrued,  vested or  otherwise,  whether  known or unknown and
whether or not actually  reflected,  or required in accordance  with  accounting
practices  generally accepted in the United States ("GAAP") to be reflected,  in
such person's balance sheet.

         4.5. Compliance with Applicable Laws.

The Company has, and after giving effect to the transactions contemplated hereby
will  have,  in  effect  all  federal,  state,  local and  foreign  governmental
approvals, authorizations, certificates, filings, franchises, licenses, notices,
permits and rights  ("Permits")  necessary  for it to own,  lease or operate its
properties and assets and to carry on its business as now  conducted,  and there
has  occurred  no  default  under any such  Permit,  except  (a) for the lack of
Permits and for defaults  under Permits which  individually  or in the aggregate
would not have a Company  Material  Adverse  Effect,  or (b) notices to be filed
with the U.S.  Securities and Exchange  Commission  ("SEC") and state securities
agencies with regard to transactions  contemplated  herein. For purposes of this
Agreement, the term "Company Material Adverse Effect" means any material adverse
effect with  respect to the Company,  taken as a whole,  or any change or effect
that  adversely  affects,  or is reasonably  expected to adversely  affect,  the
ability  of the  Company to  maintain  its  current  business  operations  or to
consummate  the  transactions  contemplated  by this  Agreement  in any material
respect.  The Company is in compliance  with, and has no liability or obligation
under, all applicable statutes, laws, ordinances,  rules, orders and regulations
of any court or  governmental  or  regulatory  authority or body  ("Governmental
Entity"), including any liability or obligation to undertake any remedial action
under hazardous  substances  laws,  except for (y) instances of  non-compliance,
liabilities or  obligations,  which  individually or in the aggregate would only
have an  immaterial  effect,  or (z)  notices to be filed with the SEC and state
securities agencies with regard to transactions contemplated herein.

         4.6. Litigation, etc.

         As of  the  date  hereof,  (a)  there  is no  suit,  claim,  action  or
proceeding  (at law or in equity)  pending or  threatened  against  the  Company
(including,  without  limitation,  any  product  liability  claims)  before  any
Governmental  Entity,  and (b) the  Company is not  subject  to any  outstanding

                                       3
<PAGE>

order, writ, judgment,  injunction,  order, decree or arbitration order that, in
any such case described in clauses (a) and (b), (i) could reasonably be expected
to have,  individually or in the aggregate, a Company Material Adverse Effect or
(ii)  involves an  allegation  of  criminal  misconduct  or a  violation  of the
Racketeer  and  Influenced  Corrupt  Practices  Act, as amended.  As of the date
hereof,  there  are  no  suits,  actions,   claims  or  proceedings  pending  or
threatened,  seeking to prevent,  hinder,  modify or challenge the  transactions
contemplated by this Agreement.

         4.7. Disclosure.

         The  representations and warranties and statements of fact made in this
Agreement are, as applicable,  accurate, correct and complete and do not contain
any untrue  statement  of a  material  fact or omit to state any  material  fact
necessary in order to make the statements and information  contained  herein not
false or misleading.

         4.8. Taxes and Tax Returns.

         All taxes payable have been paid when due;  there is no  examination or
audit, or any claim,  asserted  deficiency or assessment for additional taxes in
progress,  pending,  or threatened,  nor is there any  reasonable  basis for the
assertion  of any such claim,  deficiency  or  assessment;  no material  special
charges,  penalties,  fines,  liens, or similar  encumbrances have been asserted
against the Company with respect to payment of or failure to pay any taxes which
have not been paid or resolved  without  further  liability to the Company.  The
Company  has not  executed  or filed with any taxing  authority  any  agreements
extending the period for  assessment or collection of any taxes.  Proper amounts
have been withheld by the Company from its employees'  compensation payments for
all periods in  compliance  with the tax  withholding  provisions  of applicable
federal  and  state  laws.  The  Company  is not a party to any  tax-sharing  or
tax-allocation  agreement,  nor does  the  Company  owe any  amounts  under  any
tax-sharing or tax-allocation agreement.

         4.9. Employee Benefit Plans.

         The Company does not have in place any  arrangement or policy  (written
or oral) providing for insurance  coverage,  workers'  compensation,  disability
benefits,  supplemental  unemployment  benefits,  vacation benefits,  retirement
benefits or deferred compensation, profit sharing, bonuses, stock options, stock
appreciation rights, stock purchases or other forms of incentive compensation or
post-retirement  insurance,  compensation  or benefits  which is  maintained  or
administered  by the  Company,  or to which the Company  contributes,  and which
covers any employee or former employee of the Company or under which the Company
has any liability,  including "employee welfare benefit plan," "employee benefit
plan"  and  "employee  pension  benefit  plan" as  defined  under  the  Employee
Retirement Income Security Act of 1974, as amended ("ERISA").

         The  Company is not a party to any  collective  bargaining  agreements.
There are no strikes or labor  disputes or  lawsuits,  unfair  labor or unlawful
employment  practice charges,  contract grievances or similar charges or actions
pending or threatened by any of the  employees,  former  employees or employment
applicants of the Company that would have a Company Material Adverse Effect.

                                       4
<PAGE>

         4.10. Certain Contracts.

         There are no written  employment  agreements or termination  agreements
with current officers,  directors or consultants of the Company and to which the
Company is a party.

         As of the date of this Agreement,  (i) the Company is not a party to or
bound by any commitment,  agreement or other instrument  (excluding  commitments
and  agreements in connection  with  extensions of credit by the Company)  which
contemplates  the payment of amounts in excess of $5,000,  or which otherwise is
material  to the  operations,  assets or  financial  condition  of the  Company,
including  but not limited to any royalty,  franchising  fees,  or any other fee
based on a percentage of revenues or income and (ii) no commitment, agreement or
other  instrument to which the Company is a party or by which it is bound limits
the  freedom  of the  Company to  compete  in any line of  business  or with any
person.

         As of the date of this Agreement,  the Company is not in default in any
material respect under any material lease, contract, mortgage,  promissory note,
deed of trust,  loan agreement,  license  agreement (as to royalty  payments) or
other commitment or arrangement.

         4.11. Assets; Properties and Insurance.

         The Company has no assets, whether tangible or intangible, owns no real
property and maintains no insurance of any kind.

         4.12. Minute Books.

         The minute book of the Company  contains records which, in all material
respects,  accurately  record all  meetings of their  stockholders  and Board of
Directors (including committees of the Board of Directors).

         4.13. Environmental Matters.

         The  Company has not  received  any written  notice,  citation,  claim,
assessment,  proposed  assessment  or demand  for  abatement  alleging  that the
Company is responsible for the correction or cleanup of any condition  resulting
from the  violation  of any law,  ordinance  or  other  governmental  regulation
regarding  environmental  matters, which correction or cleanup would be material
to the business,  operations,  assets or financial condition of the Company. The
Company does not have any  knowledge  that any toxic or hazardous  substances or
materials  have  been  emitted,  generated,  disposed  of or  stored on any real
property  owned or leased by the Company,  or owned or controlled by the Company
as a trustee or  fiduciary  (collectively,  "Properties"),  in any  manner  that
violates  or,  after  the  lapse of time may  violate,  any  presently  existing
federal,  regional,  state or local law or regulation governing or pertaining to

                                       5
<PAGE>

such  substances  and  materials,  the  violation  of which would have a Company
Material  Adverse Effect.  The Company does not have any knowledge that,  during
the Company's ownership or lease of such Properties,  any of such Properties has
been  operated in any manner that  violated any  applicable  national,  state or
local law or regulation governing or pertaining to toxic or hazardous substances
and materials.

         4.14. Loans, etc.

         As of the date of this Agreement, there are no liabilities, obligations
or indebtedness of any kind whatsoever chargeable to any Company stockholder and
payable to the Company by a Company stockholder.

         4.15. Intellectual Property.

         There are no  arrangements  relating  to the use by the  Company of any
intellectual  property owned by another  person,  and the Company has not at any
time been in breach of such arrangements. The Company has not granted and is not
obligated  to grant a license,  assignment  or other  right with  respect to any
intellectual property.

         4.16. Bankruptcy.

         On September  6, 2005, a final decree was entered in the United  States
Bankruptcy Court, District of Nevada, regarding the Company's voluntary petition
for relief under Chapter 11, Case No. BK-S-00-15075-LBR. Since that final decree
was entered,  the Company has neither filed a voluntary  bankruptcy petition nor
been the subject of an  involuntary  bankruptcy  petition nor is the Company the
subject of an action under state insolvency laws or any other relevant laws.

         4.17. Criminal Proceedings.

         Neither the Company and its respective officers, directors, affiliates,
promoters  nor any  predecessor  of the Company have been subject to or suffered
any of the following:

         o        Any conviction in a criminal  proceeding or being subject to a
                  pending criminal proceeding  (excluding traffic violations and
                  other  misdemeanor  offenses)  within  ten (10) years from the
                  date hereof;

         o        Any order,  judgment  or decree,  not  subsequently  reversed,
                  suspended or vacated, of any court of competent  jurisdiction,
                  permanently or temporarily enjoining,  barring,  suspending or
                  otherwise  limiting such person's  involvement  in any type of
                  business,  securities  or banking  activities  within ten (10)
                  years from the date hereof; or

         o        Being found guilty by a court of competent  jurisdiction (in a
                  civil  action),  the  SEC or  the  Commodity  Futures  Trading
                  Commission  ("CFTC")  to have  violated  a  federal  or  state
                  securities or  commodities  law within ten (10) years from the
                  date hereof, and the judgment has not been reversed, suspended
                  or vacated.

                                       6
<PAGE>

         4.18. No Stockholder Approval Required.

         The provisions of Sections 78.378 to 78.3793,  inclusive, of the Nevada
General  Corporation  Law  ("NGCL")  do not apply to the Company due to the fact
that the Company does not meet the definition of "issuing corporation" set forth
in Section 78.3788 of the NGCL.

Section 5. Representations and Warranties of Purchaser.

         Purchaser  acknowledges  and  understands  that the  Shares  are  being
acquired for  investment in a  transaction  that is considered to be exempt from
registration. In connection with the transactions contemplated hereby, Purchaser
hereby represents and warrants to the Company that:

         5.1. Investment Purposes.

         Purchaser is acquiring  the Shares solely for  investment  purposes and
not with a view to, or for resale in connection with, any  distribution  thereof
or with any  present  intention  of  distributing  or selling any of the Shares,
except as allowed by the  Securities  Act of 1933,  as amended,  or any rules or
regulations promulgated thereunder (collectively, the "Act").

         5.2. Disposition of Shares.

         Purchaser  will  hold  the  Shares  subject  to all  of the  applicable
provisions  of the  Act,  and  Purchaser  will not at any  time  make any  sale,
transfer, or other disposition of the Shares in contravention of said Act.

         5.3. Economic Risk.

         Purchaser  acknowledges  that it must  bear  the  economic  risk of its
investment in the Shares for an indefinite  period of time since the Shares have
not been registered under the Act and therefore cannot be sold unless the Shares
are subsequently registered or an exemption from registration is available.

         5.4. No Public Solicitation.

         The sale of the Shares to  Purchaser  is being made  without any public
solicitation or advertisements.

         5.5. Criminal Proceedings.

         Neither  the  Purchaser  and  its   respective   officers,   directors,
affiliates,  promoters nor any predecessor of the Purchaser have been subject to
or suffered any of the following:

         o        Any conviction in a criminal  proceeding or being subject to a
                  pending criminal proceeding  (excluding traffic violations and
                  other  misdemeanor  offenses)  within  ten (10) years from the
                  date hereof;

                                       7
<PAGE>

         o        Any order,  judgment  or decree,  not  subsequently  reversed,
                  suspended or vacated, of any court of competent  jurisdiction,
                  permanently or temporarily enjoining,  barring,  suspending or
                  otherwise  limiting such person's  involvement  in any type of
                  business,  securities  or banking  activities  within ten (10)
                  years of the date hereof; or

         o        Being found guilty by a court of competent  jurisdiction (in a
                  civil action),  the SEC or the CFTC to have violated a federal
                  or state  securities or commodities  law within ten (10) years
                  of the date hereof,  and the  judgment has not been  reversed,
                  suspended or vacated.

         5.6. Information.

         Purchaser has received and reviewed such information as Purchaser deems
necessary to evaluate the risks and merits of its investment in the Company.

         5.7. Accredited Investor.

         Purchaser is an "accredited investor" within the meaning of rule 501 of
Regulation D promulgated under the Act.

         5.8. Financial Matters Experience.

         Purchaser has such knowledge and experience in financial  matters as to
be capable of evaluating the merits and risks of an investment in the Shares.

Section 6. Conditions to the Obligations of Purchaser at Closing.

         The   obligations  of  Purchaser  at  Closing  are   conditioned   upon
satisfaction,  on or prior to such  date,  of the  following  conditions,  which
conditions  are further  conditioned  upon the delivery of the Purchase Price by
Purchaser:

         6.1.     Stock Certificates.

         The Company shall have delivered to Purchaser  certificate(s) issued in
the name of  Purchaser  representing  the  number of Shares to be  purchased  by
Purchaser pursuant to this Agreement.

         6.2. Resignation and Appointment of Officers and Directors.

         The Company shall have delivered  duly executed  letters of resignation
from each of its officers and each  director  other than  Fleischman,  who shall
remain a  director  of the  Company.  The  Company  shall  have  also  delivered
resolutions approved by the Board of Directors duly appointing Timothy P. Halter
as the sole officer of the Company,  holding the titles of President,  Secretary
and Chief Accounting Officer, and as a member of the Board of Directors.

                                       8
<PAGE>

Section 7. Closing and Post-Closing Obligations.

         7.1. Reverse Split.

         Within 30 days of the Closing,  the Company shall,  under the direction
of Purchaser,  make all necessary  filings to effect a 300 for one reverse split
of the Company's  common  capital stock (the "Reverse  Split").  Pursuant to the
Reverse Split, following the 300 for one conversion any partial shares of common
capital stock will be rounded up to the next full share.

         7.2. Additional Issuance to Purchaser.

         Immediately  following  the Reverse  Split,  the  Company  will sell to
Purchaser an additional  723,641 newly issued,  restricted  shares of its common
capital stock for a purchase price of $0.30 per share (for an aggregate purchase
price of $217,092.30).

         7.3. Settlement and Stock Issuance Agreement with W/F Investment.

         Immediately following the Reverse Split, the Company and W/F Investment
Corp.,  a  California  corporation  ("W/F  Investment"),   shall  enter  into  a
Settlement  and Stock  Issuance  Agreement  pursuant to which (i) W/F Investment
shall forgive the  approximately  $416,857 that is owed to it by the Company and
(ii) the  Company  will pay W/F  Investment  $100,000  and issue  107,000  newly
issued,  restricted  shares  of  the  Company's  common  capital  stock  to  W/F
Investment. The Settlement and Stock Issuance Agreement shall be in the form and
substance as agreed to by Purchaser and W/F Investment prior to the Closing.

         7.4. Put Option Agreement.

         Immediately  following  the  execution  of  the  Settlement  and  Stock
Issuance  Agreement  referred to in Section 7.3,  Purchaser  and W/F  Investment
shall enter into a Put Option  Agreement  pursuant to which W/F  Investment  may
require  Purchaser to purchase up to 199,869  shares of common  capital stock of
the  Company  held by W/F  Investment  at a price per share of $2.00 at any time
during the period of time (i) commencing 180 days following the Closing and (ii)
ending upon the earlier of six (6) months following the Company's  completion of
a transaction  whereby the Company acquires operating control,  or substantially
all of the  assets,  of a  privately  held  corporation  generating  revenues as
reported in  financial  statements  audited in  conformity  with GAAP or two (2)
years following the Closing.  The Put Option  Agreement shall be in the form and
substance agreed to by Purchaser and W/F Investment prior to the Closing.

Section 8. Indemnification.

         The  Company  acknowledges  that it  understands  the meaning and legal
consequences  of its  representations,  warranties  and  covenants  and that the
Purchaser has relied upon such representations,  warranties,  and covenants, and
the Company  hereby  agrees to indemnify and hold harmless the Purchaser and its
agents and  employees  for a period of one year from the date of this  Agreement
from and against any and all loss,  damage or liability due to or arising out of
a breach  of any such  representation,  warranty,  or  covenant  or any  adverse
consequence suffered by Purchaser as a result of the operation of the Company by
Purchaser.

                                       9
<PAGE>

Section 9. Survival of Representations and Warranties.

         All representations,  warranties,  covenants,  and agreements contained
herein shall not be discharged or dissolved  upon, but shall survive the Closing
and shall be unaffected by any investigation made by any party at any time.

Section 10. Entirety and Modification.

         This Agreement  constitutes  the entire  agreement  between the parties
hereto with  respect to the subject  matter  hereof and  supersedes  any and all
prior  agreements  and  understandings,  whether  oral or  written,  between the
parties hereto relating to such subject  matter.  No  modification,  alteration,
amendment,  or supplement to this Agreement  shall be valid or effective  unless
the same is in writing and signed by all parties hereto.

Section 11. Successors and Assigns.

         This  Agreement  shall be binding  upon and inure to the benefit of the
respective parties hereto,  their successors and permitted  assigns,  heirs, and
personal representatives.

Section 12. Notices.

         All notices or other  communications  required or permitted to be given
pursuant  to this  Agreement  shall be in  writing  and shall be  considered  as
properly given or made if hand  delivered,  mailed from within the United States
by certified  mail,  or sent by  overnight  delivery  service to the  applicable
address appearing in the preamble to this Agreement, or to such other address as
either  party may have  designated  by like notice  forwarded to the other party
hereto.  All notices  shall be deemed given when  postmarked  (if mailed),  when
delivered to an overnight delivery service or, if hand delivered, when delivered
to the recipient.

Section 13. Severability.

         Every  provision of this Agreement is intended to be severable.  If any
term or  provision  hereof is illegal or invalid for any reason  whatever,  such
illegality or invalidity  shall not affect the validity of the remainder of this
Agreement.

Section 14. Headings.

         The  headings  of this  Agreement  are  inserted  for  convenience  and
identification only, and are in no way intended to describe,  interpret,  define
or limit the scope, extent or intent hereof.

Section 15. Counterparts.

         This Agreement may be executed in any number of  counterparts,  each of
which shall be deemed an original,  but all of which together  shall  constitute
one and the same instrument.

                                       10
<PAGE>

Section 16. Legal Fees and Costs.

         If a legal action is initiated by any party to this  Agreement  against
another,   arising  out  of  or  relating   to  the   alleged   performance   or
non-performance of any right or obligation established hereunder, or any dispute
concerning the same, any and all fees, costs and expenses reasonably incurred by
each  successful  party  or his,  her or its  legal  counsel  in  investigating,
preparing for, prosecuting,  defending against, or providing evidence, producing
documents  or taking any other  action in respect of,  such action  shall be the
joint  and  several  obligation  of and  shall  be  paid  or  reimbursed  by the
unsuccessful party or parties.

Section 17. Publicity.

         Except as otherwise  required by law, none of the parties  hereto shall
issue  any  press  release  or make any  other  public  statement,  in each case
relating  to,  connected  with or arising out of this  Agreement  or the matters
contained  herein,  without  obtaining  the prior  approval  of the other to the
contents and the manner of presentation and publication thereof.

Section 18. Governing Law.

         This  Agreement  shall be governed  by and  construed  and  enforced in
accordance  with the laws of the State of Nevada without  reference to conflicts
of law provisions..

Section 19. Jurisdiction.

         Each party to this Agreement hereby  irrevocably  agrees that any legal
action  or  proceeding  arising  out of or  relating  to this  Agreement  or any
agreements or transactions  contemplated  hereby may be brought in the courts of
the State of Nevada or of the  United  States of  America  for the  District  of
Nevada and hereby  expressly  submits to the personal  jurisdiction and venue of
such courts for the purposes  thereof and expressly waives any claim of improper
venue and any claim  that such  courts  are an  inconvenient  forum.  Each party
hereby   irrevocably   consents  to  the  service  of  process  of  any  of  the
aforementioned  courts in any such suit,  action or proceeding by the mailing of
copies thereof by registered or certified mail, postage prepaid,  to the address
specified  in Section 12, such  service to become  effective  10 days after such
mailing.

                                       11
<PAGE>

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

PURCHASER:                             HALTER FINANCIAL INVESTMENTS, L.P.

                                       By: Halter Financial Investments GP, LLC,
                                           its general partner

                                       By: /s/ David F. Brigante
                                          --------------------------------------
                                          David F. Brigante, President

THE COMPANY:                            NEVSTAR GAMING AND ENTERTAINMENT
                                        CORPORATION

                                       By: /s/ William O. Fleischman
                                          --------------------------------------
                                          William O. Fleischman,
                                          President

FLEISCHMAN:                             /s/ William O. Fleischman
                                       -----------------------------------------
                                       William O. Fleischman, solely as to
                                       Section 6.2 hereof.

                                       12
<PAGE>

                                  Schedule 4.4
                                       to
                            Stock Purchase Agreement

                   Nevstar Gaming & Entertainment Corporation
                             Schedule of Liabilities
                                October 11, 2005

Foley and Lardner                                                    $ 39,670.47
Piercy Bowler Tayler                                                 $ 12,876.25
Rosc, Snyder & Jacobs                                                $  3,500.00
Nevada Gaming Control Board - Principal                              $ 57,219.33
Nevada Gaming Control Board - Interest                               $  3,984.54
Nevada Dept of Taxation - Principal                                  $113,638.32
Nevada Dept of Taxation - Interest                                   $  7,279.41

                  Subtotal                                           $238,168.32

W/F Investment Corp                                                  $452,875.64

Total                                                                $691,043.96

                                       13

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