Document:

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

     This  Share  Purchase  Agreement  ("Agreement")  is made as of November 24,
2004,  ("Effective  Date") between PETROSEARCH CORPORATION, a Texas corporation,
(the  "Company"),  PETROSEARCH  ENERGY  CORPORATION,  a  Nevada  corporation
("Petrosearch-Nevada") and MARK I MANAGEMENT, LTD., a Texas limited partnership,
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  has  obtained  shareholder  approval for a 6.5 to 1 reverse
split  of  Company's  Common  Stock  and further intends, subject to shareholder
approval,  to  redomicile in Nevada by merging the Company into its wholly owned
subsidiary,  Petrosearch-Nevada  (the  "Merger  Transaction").

     C.     Company  has  elected  to  meet certain of its working capital needs
post-merger  by  the  placement  of  Petrosearch-Nevada  Common Stock, par value
$.001,  with  one or more willing, sophisticated investors and Purchaser desires
to acquire a specified number of shares of Petrosearch-Nevada 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, the Company and Petrosearch-Nevada
agree  to  issue  and sell subsequent to the Merger Transaction to the Purchaser
(sometimes  referred  to herein as a "Holder") and Purchaser agrees to purchase,
512,821 Petrosearch-Nevada shares of Common Stock, par value $.001 (the "Initial
Investment  Shares"),  at  a  cash price of $1.95 per share, or a total purchase
price of ONE MILLION AND NO/100 DOLLARS ($1,000,000.00) [the "Initial Investment
Purchase  Funds"].  This  sale,  if  consummated,  shall  be made by the Company

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directly  to  Purchaser  without  the  assistance  of  placement  agents  or  a
broker-dealer.

     1.2     OPTION  TO ACQUIRE ADDITIONALSHARES.  Conditioned upon consummation
             -----------------------------------
of  the  purchase  by Purchaser of the Initial Investment Shares, and subject to
all  of  the  terms  and  conditions  of  this  Agreement,  Company  and
Petrosearch-Nevada  agree  within  ninety  (90) days after the Effective Date to
issue  and  sell  to  the  Purchaser 333,361 shares of Petrosearch-Nevada Common
Stock,  par  value  $.001 (the "Secondary Transaction Shares" and, together with
the  Initial  Investment Shares, the "Shares"), at Purchaser's sole option, at a
cash  price  of  $3.00  per  share, or a total purchase price of ONE MILLION AND
NO/100  DOLLARS  ($1,000,000.00)  [ the "Secondary Transaction Purchase Funds"].

     1.3     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  Petrosearch-Nevada  from  escrow  (described  herein  below) of the
Initial  Investment  Purchase Funds, Company or Petrosearch-Nevada shall sell to
any third party other than members of Company's management, Common Stock at less
than  $0.30  per  share  on a pre-reverse split basis or $1.95 on a post-reverse
split  basis,  then the purchase price of the Initial Investment Shares shall be
automatically  adjusted to the lower price made available to the third party and
such  additional  Petrosearch-Nevada  Common Shares shall be issued to Purchaser
and  delivered to Purchaser (or to Escrow Agent if the Initial 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.

     1.4     EFFECT OF REVERSE SPLIT UPON PURCHASE TERMS.  The 6.5 for 1 reverse
             -------------------------------------------
split  of  Company  shares  which  has  been  approved by the Company's Board of
Directors  and  its shareholders described in Section 2.1 herein below shall not
affect  the  gross  purchase  price  for  the  Initial Investment Shares and, if
applicable,  the  Secondary  Transaction  Shares,  and each purchase price shall
remain  as  $1,000,000.00  for  each  such  transaction.

                                   ARTICLE II

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

     2.1     ESCROW DEPOSITS.  Upon execution of this Agreement, Purchaser shall
             ---------------
deposit the Initial Investment Purchase Funds with the escrow agent (the "Escrow
Agent")  named  in  the  Escrow  Agreement  attached hereto as Exhibit "A".  The
                                                               ------------
Initial  Investment  Purchase Funds shall remain in escrow pending completion by
Company  and  Petrosearch-Nevada  of  the Merger Transaction and issuance of the
Initial  Investment  Shares  to  Purchaser  all as documented to Escrow Agent by
delivery of (a) a certified copy of the Articles of Merger of Company filed with
the  Texas Secretary of State, (b) a certified copy of the Articles of Merger of
Petrosearch-Nevada  filed  with  the  Nevada  Secretary  of  State  and  (c)  a
Petrosearch-Nevada  Stock Certificate in Purchaser's name evidencing the Initial
Investment  Shares  and  containing the usual and customary Rule 144 restrictive
legend (collectively, the "Escrow Release Conditions").  Should, for any reason,
Company  fail  to  satisfy  the  Escrow Release Conditions by December 31, 2004,

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then,  at  Purchaser's  option,  Purchaser  may terminate this Agreement and the
corresponding  Escrow Agreement, whereupon the Initial 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  and  the  other  conditions contained in Article V  are satisfied by
Company  prior to December 31, 2004, then, the Initial 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").  In  the  event that Purchaser exercises its option to acquire
the  Secondary  Transaction  Shares,  Purchaser  shall  tender  the  Secondary
Transaction  Purchase Funds to Company pursuant to Section 1.2 above and Company
shall cause the Secondary Transaction Shares to be delivered to Purchaser within
three  (3)  business  days  of  funding  ("Secondary  Closing  Date").

     2.2     USE  OF  PROCEEDS.  The  Initial  Investment Purchase Funds and the
             -----------------
Secondary  Transaction  Purchase  Funds  (if  Purchaser's option to purchase the
Secondary  Transaction  Shares)  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, each of the
Company  and  Petrosearch-Nevada  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 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 (other than the contemplated
Merger  Transaction) or Petrosearch Nevada are pending or, to the best knowledge
of  the  Company,  threatened.

     3.2     CORPORATE  POWER  AND  AUTHORITY;  DUE  AUTHORIZATION.  Each of the
             -----------------------------------------------------
Company and Petrosearch-Nevada has full corporate power and authority to execute
and  deliver  this Agreement and all other documents required to be entered into
by  the  Company  or Petrosearch-Nevada 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
Petrosearch-Nevada  and,  when  executed and delivered, will be legal, valid and
binding  obligations  of  the  Company  and  Petrosearch-Nevada,  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.

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     3.3     NO  VIOLATION.  The  execution,  delivery  and  performance of this
             -------------
Agreement  and  the  other  Transaction  Documents  by  the  Company  and
Petrosearch-Nevada  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  or  Petrosearch-Nevada  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 or Petrosearch-Nevada is a party or by which
the Company or Petrosearch-Nevada is bound, and does not and will not violate or
contravene  (i)  any  governmental statute, rule or regulation applicable to the
Company  or  Petrosearch-Nevada  or  (ii) any order, writ, judgment, injunction,
decree,  determination  or  award  which has been entered against the Company or
Petrosearch-Nevada, the violation or contravention of which would materially and
adversely  affect  the condition (financial or otherwise), business or prospects
of  the  Company  or  Petrosearch-Nevada  or  on  its  properties  or  assets.

     3.4     CAPITALIZATION.  The  Company has (and Petrosearch-Nevada will have
             --------------
upon  the  Merger  and  stock  issuance) a duly authorized capitalization as set
forth  in  Schedule  1  attached hereto.  The outstanding shares of Common Stock
have  been  (and upon the Merger and stock issuance will be) duly authorized and
validly issued, fully paid and nonassessable.  None of the outstanding shares of
Common  Stock has been issued (or upon the Merger and stock issuance will be) 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  (or  upon  the Merger and stock issuance will be)
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.  Neither the Company nor Petrosearch-Nevada is a
party or subject to any agreement or understanding, and, to the knowledge of the
Company  and Petrosearch-Nevada, 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  and
Petrosearch-Nevada  or  by  a  director  of  the Company and Petrosearch-Nevada.

     3.5     AUTHORIZATION  AND ISSUANCE OF SHARES.  The Shares, when issued and
             -------------------------------------
paid for, will constitute duly authorized, legally and validly issued securities
of  Petrosearch  Nevada,  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
letter  to  Shareholders  regarding  the  proposed  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

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("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 or Petrosearch-Nevada 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 or Petrosearch-Nevada that has or could have a
material adverse effect on the Company or Petrosearch-Nevada, 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 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 any of its subsidiaries in connection with
the execution, delivery, or performance by the Company and Petrosearch-Nevada 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

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results  of  its operations for the fiscal year and the nine-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  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

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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.

          (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

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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  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:

                                        8
<PAGE>
          (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 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.  Each  of  the  Company  and  Petrosearch-Nevada  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 or Petrosearch-Nevada,

                                        9
<PAGE>
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.  Neither  the  Company nor Petrosearch-Nevada has
              ---------------
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  Petrosearch-Nevada  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:

     4.1     AUTHORITY.  The  Purchaser has full 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,

                                       10
<PAGE>
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 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

                                       11
<PAGE>
     (b)(i)  The  Purchaser  shall  have  notified the Petrosearch-Nevada of the
proposed disposition and shall have furnished Petrosearch-Nevada with a detailed
statement  of  the  circumstances surrounding the proposed disposition, and (ii)
upon  the  request of the Petrosearch-Nevada, the Purchaser shall have furnished
Petrosearch-Nevada  with  an  opinion  of  counsel,  reasonably  satisfactory to
Petrosearch-Nevada,  that such disposition will not require registration of such
securities  under  the  1933  Act  and  applicable  state  securities  laws.

     The  Purchaser understands that Petrosearch-Nevada 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.

                                    ARTICLE V

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

     Purchaser's  obligations  to  purchase  the Initial 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 and Petrosearch-Nevada contained in Article III hereof shall be
true  as  of  the  Closing  Date.

     5.2     COMPANY'S  PERFORMANCE.  The  Company  and Petrosearch-Nevada 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.

                                       12
<PAGE>
     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  and Petrosearch-Nevada shall
             ----------------------
have  delivered  an Officers' Certificate to the Purchase to the effect that all
conditions  contained  in  this  Article  V  have  been  complied  with.

     The purchase by the Purchaser of the Secondary Transaction Shares under
this Agreement is subject to the fulfillment of the following conditions:

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

     5.8     PERFORMANCE.  The Company and Petrosearch-Nevada 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
Secondary Closing Date.

     5.9     LEGAL PROCEEDINGS.  No proceeding shall, on the Secondary 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.

     5.10     OFFICERS' CERTIFICATE.  Each of the Company and Petrosearch-Nevada
              ---------------------
shall have delivered an Officers' Certificate to the Purchase to the effect that
all conditions contained in Sections 5.7, 5.8 and 5.9 have been complied with as
of the Secondary Closing Date.

                                   ARTICLE VI

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

     The obligations of the Company and Petrosearch-Nevada to sell and issue the
Initial  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.

                                       13
<PAGE>
     6.2     PAYMENT.  The  Purchaser  shall have delivered into escrow the full
             -------
amount  of  the  Initial  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  Purchaser,  if  requested  by Company, shall have
delivered  to  the  Company  an  executed  Confidential Purchaser Questionnaire.

                                   ARTICLE VII

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

     The Company and Petrosearch-Nevada covenant and agree 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 Petrosearch-Nevada 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.

                                       14
<PAGE>
          (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  or
Petrosearch-Nevada  and  of  the  Company's  or Petrosearch-Nevada'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.

          (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 and Petrosearch-Nevada agree
             -------------------------
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 or
Petrosearch-Nevada  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 or
Petrosearch-Nevada  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  or  Petrosearch-Nevada.

          (b)     If the registration of which the Company or Petrosearch-Nevada
gives  notice is for a registered public offering involving an underwriting, the
Company or Petrosearch-Nevada 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 or
Petrosearch-Nevada  and  any  other  holders  of  securities  of  the Company or
Petrosearch-Nevada  distributing  their  securities  through  such underwriting)
enter  into  an  underwriting  agreement  with  the  managing  or  lead managing
underwriter  selected  by  the  Company  or  Petrosearch-Nevada  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

                                       15
<PAGE>
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  or Petrosearch-Nevada, 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  or  Petrosearch-Nevada.  If  the
registration  consists only of any underwritten secondary registration on behalf
of  holders  of  securities  of the Company or Petrosearch-Nevada, the reduction
shall  be  taken (i) first from and to the extent of the 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  or  Petrosearch-Nevada  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 or Petrosearch-Nevada and
the  managing  or  lead  underwriter.  Any  Registrable  Securities  excluded or
withdrawn  from  such  underwriting  shall  be withdrawn from such registration.

          (c)     The  Company or Petrosearch-Nevada 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 or Petrosearch-Nevada.  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 or Petrosearch-Nevada 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;

                                       16
<PAGE>
               (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  or  Petrosearch-Nevada,  (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;

               (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 or Petrosearch-Nevada 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 or Petrosearch-Nevada, 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;

                                       17
<PAGE>
               (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 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 or Petrosearch-Nevada 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 or Petrosearch-Nevada and such Holder or
Holders  and  as  shall  be  reasonably  necessary  to  consummate the offering.

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

          (a)     The  Company and Petrosearch-Nevada 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

                                       18
<PAGE>
violation  by  the  Company or Petrosearch-Nevada of the 1933 Act or any rule or
regulation  promulgated  under  the  1933  Act  applicable  to  the  Company  or
Petrosearch-Nevada  in connection with any such registration, and the Company or
Petrosearch-Nevada  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 or Petrosearch-Nevada 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  or
Petrosearch-Nevada  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 or Petrosearch-Nevada securities covered
by  such  a  registration  statement,  each  Person  who controls the Company or
Petrosearch-Nevada  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 or
Petrosearch-Nevada,  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  or
Petrosearch-Nevada 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

                                       19
<PAGE>
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 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
Petrosearch-Nevada 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.

                                       20
<PAGE>
     7.8.     EXCHANGE  ACT REGISTRATION.     The Company and Petrosearch-Nevada
              --------------------------
covenant  and  agree  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;

          (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  and  Petrosearch-Nevada  represent  and  warrant  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 and Petrosearch-Nevada agree 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  and  Petrosearch-Nevada  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.

                                       21
<PAGE>
     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  Petrosearch-Nevada 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  and
Petrosearch-Nevada.

                                  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 Initial Investment Shares or the Secondary Transaction
Shares  except  as  provided  in  Section  4.6.

     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.

                                       22
<PAGE>
     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  Petrosearch-Nevada) without regard to
conflicts  of  law.

     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 I Management, Ltd.
                             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 and
     to Petrosearch-Nevada:  Petrosearch Corporation
                             4801 Woodway Drive, Suite 300E

                                       23
<PAGE>
                             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

                                       24
<PAGE>
EXECUTED as of the Effective Date above.

                                     PETROSEARCH CORPORATION, A TEXAS
                                     CORPORATION

                                     By:  /s/
                                        ------------------------------------
                                     Name:
                                          ----------------------------------
                                     Title:
                                           ---------------------------------

                                     PETROSEARCH ENERGY CORPORATION, A
                                     NEVADA CORPORATION

                                     By:  /s/
                                        ------------------------------------
                                     Name:
                                          ----------------------------------
                                     Title:
                                           ---------------------------------

                                     MARK I MANAGEMENT, LTD., A TEXAS LIMITED
                                     PARTNERSHIP

                                     By:  /s/
                                        ------------------------------------
                                     Name:
                                          ----------------------------------
                                     Title:
                                           ---------------------------------

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

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

                                       25THIS  WARRANT  AND  THE  SECURITIES  ISSUABLE UPON EXERCISE HEREOF 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.

                                    [FORM OF]

                               WARRANT TO PURCHASE
                                 COMMON STOCK OF
                         PETROSEARCH ENERGY CORPORATION

Date of Issuance: _________________                              Warrant No. ___

          This  certifies  that,  for  value  received,  PETROSEARCH  ENERGY
CORPORATION,  a Nevada corporation (the "Company"), grants __________________ or
registered  assigns  (the  "Registered  Holder"), the right to subscribe for and
purchase  from  the Company, at the Exercise Price (as defined herein), from and
after 9:00 a.m. Texas time on the Exercise Commencement Date hereinafter defined
and to and including 5:00 p.m., Texas time on _________________ (the "Expiration
Date"),  ___________________________________________________  (__________)
shares,  as such number of shares may be adjusted from time to time as described
herein  (the  "Warrant  Shares"), of the Company's common stock, par value $.001
per share (the "Common Stock"), subject to the provisions and upon the terms and
conditions  herein  set  forth.  The  "Exercise Price" per share of Common Stock
shall  be  ___________________________ ($____) per share.  THIS WARRANT IS GIVEN
IN REPLACEMENT AND SUBSTITUTION FOR A WARRANT ISSUED BY PETROSEARCH CORPORATION,
A  TEXAS  CORPORATION,  PRIOR  TO  ITS 6.5 TO 1 REVERSE SPLIT AND ITS SUBSEQUENT
MERGER WITH THE COMPANY.  THE NUMBER OF WARRANT SHARES AND THE EXERCISE PRICE IN
THIS WARRANT HAVE BEEN ADJUSTED TO GIVE EFFECT TO THE REVERSE SPLIT ACCORDINGLY.

          SECTION 1.     REGISTRATION.  The Company shall register this Warrant,
upon  records  to  be  maintained  by the Company for that purpose (the "Warrant
Records"), in the name of the Registered Holder.  The Company may deem and treat
the  Registered  Holder as the absolute owner of this Warrant for the purpose of
any  exercise  hereof  or any distribution to the Registered Holder, and for all
other  purposes,  and  the  Company  shall  not be affected by any notice to the
contrary.

          SECTION  2.     REGISTRATION  OF  TRANSFERS  AND  EXCHANGES.

          (a)     Subject  to  Section 11 hereof, the Company shall register the
transfer  of this Warrant, in whole or in part, upon records to be maintained by
the  Company  for that purpose, upon surrender of this Warrant, with the Form of
Assignment attached hereto completed and duly endorsed by the Registered Holder,
to the Company at the office specified in or pursuant to Section 3(b).  Upon any
such  registration of transfer, a new Warrant, in substantially the form of this
Warrant,  evidencing  the  Common  Stock purchase rights so transferred shall be
issued  to  the  transferee  and  a new Warrant, in similar form, evidencing the
remaining  Common  Stock  purchase  rights  not so transferred, if any, shall be
issued  to  the  Registered  Holder.

<PAGE>
          (b)     This Warrant is exchangeable, upon the surrender hereof by the
Registered  Holder  at  the  office  of  the Company specified in or pursuant to
Section 3(b) hereof, for new Warrants, in substantially the form of this Warrant
evidencing, in the aggregate, the right to purchase the number of Warrant Shares
which may then be purchased hereunder, each of such new Warrants to be dated the
date  of  such  exchange  and  to represent the right to purchase such number of
Warrant  Shares  as  shall be designated by the Registered Holder at the time of
such  surrender.

          SECTION  3.     DURATION  AND  EXERCISE  OF  THIS  WARRANT.

          (a)     This  Warrant shall be exercisable by the Registered Holder as
to  the  Warrant Shares at any time during the period commencing on the Exercise
Commencement  Date  and  ending  on the Expiration Date; provided, however, that
upon  a  "change  of  control,"  100% of the Warrant Shares shall be immediately
exercisable.  At 5:00 p.m., Texas time, on the Expiration Date, this Warrant, to
the  extent  not previously exercised, shall become void and of no further force
or  effect.

          (b)     Subject  to  Sections  4,  and  11(a) hereof, upon exercise or
surrender of this Warrant, with the Form of Election to Purchase attached hereto
completed  and  duly  endorsed  by  the  Registered  Holder,  to the Company and
delivered  to  the  Company's designated brokerage firm for warrant exercise and
processing  as  described  in the Warrant Exercise Policy on file at the Company
offices  at  4801  Woodway  Drive,  Suite 300E, Houston, Texas 77056, Attention:
President, or at such other address as the Company may specify in writing to the
Registered  Holder  in  its  Warrant  Exercise  Policy,  and upon payment of the
Exercise  Price  multiplied  by up to the number of Warrant Shares then issuable
upon  exercise  of  this Warrant in lawful money of the United States of America
(except  as  otherwise provided for in Section 3(c) hereof), all as specified by
the  Registered  Holder  in  the Form of Election to Purchase, the Company shall
promptly  issue  and  cause  to be delivered to or upon the written order of the
Registered  Holder,  and  in  such  name  or  names as the Registered Holder may
designate,  a certificate for the Warrant Shares issued upon such exercise.  Any
person  so  designated in the Form of Election to Purchase, duly endorsed by the
Registered Holder, as the person to be named on the certificates for the Warrant
Shares,  shall be deemed to have become holder of record of such Warrant Shares,
evidenced  by  such  certificates,  as  of  the Date of Exercise (as hereinafter
defined)  of  such  Warrant.

          (c)     The  Registered  Holder  may pay the applicable Exercise Price
pursuant  to Section 3(b), at the option of the Registered Holder, either (i) in
cash or by cashier's or certified bank check payable to the Company in an amount
equal  to  the product of the Exercise Price multiplied by the number of Warrant
Shares  being  purchased upon such exercise (the "Aggregate Exercise Price"), or
(ii)  by wire transfer of immediately available funds to the account which shall
be  indicated  in writing by the Company to the Registered Holder.  In the event
that  Registered  Holder  elects  to exercise his Cashless Exercise rights under
this  Warrant,  then, in such event, Registered Holder shall deliver his Warrant
to the designated brokerage firm under the Company's Warrant Exercise Policy for
implementation by the brokerage firm of the exercise procedures set forth in the
Policy,  as  amended  from  time  to  time.

          (d)     The  "Date of Exercise" of any Warrant means the date on which
the  Company  shall have received (i) this Warrant, with the Form of Election to
Purchase  attached  hereto  appropriately  completed and duly endorsed, and (ii)
payment  of  the  Aggregate  Exercise  Price  as  provided  herein.

          (e)     This  Warrant  shall  be exercisable either as an entirety or,
from  time  to  time,  for  part  only of the number of Warrant Shares which are
issuable hereunder.  If this Warrant shall have been exercised only in part, the
Company  shall,  at  the  time  of  delivery of the certificates for the Warrant
Shares  issued pursuant to such exercise, deliver to the Registered Holder a new
Warrant  evidencing  the

                                        2
<PAGE>
rights  to  purchase  the  remaining  Warrant  Shares,  which  Warrant  shall be
substantially  in  the  form  of  this  Warrant.

          (f)     Definition of Market Price.  As used in this Warrant, the term
                  --------------------------
"Market  Price"  shall mean the average of the daily closing prices per share of
the Common Stock for the ten (10) consecutive trading days immediately preceding
the  day  as  of  which Market Price is being determined.  The closing price for
each  day  shall  be the last reported sale price or, in case no such sale takes
place  on such day, the average of the reported closing bid and asked prices, in
either  case  on  the  New  York  Stock Exchange, or, if the Common Stock is not
listed  or  admitted to trading on the New York Stock Exchange, on the principal
national  securities  exchange  on  which  the  shares are listed or admitted to
trading, or, if the shares are not so listed or admitted to trading, the average
of the highest reported bid and lowest reported asked prices as furnished by the
National  Association of Securities Dealers, Inc. (the "NASD") through NASDAQ or
through a similar organization if NASDAQ is no longer reporting such information
or  as  reported on the NASD's OTC Electronic Bulletin Board ("OTC").  If shares
of  Common Stock are not listed or admitted to trading on any exchange or quoted
through  NASDAQ or any similar organization or reported on OTC, the Market Price
shall  be deemed to be the higher of (A) the book value of a share of the Common
Stock  as  determined  by any firm of independent public accountants selected by
the  Board  of Directors of the Company and acceptable to the Registered Holder,
as  of  the end of the most recent fiscal quarter preceding the date as of which
the  determination  is  to  be made, or (B) the fair value thereof determined in
good  faith  by the Company's Board of Directors as expressed by a resolution of
such  board  as  of  a  date which is within fifteen (15) days of the date as of
which  the determination is to be made.  The fees and expenses of any accounting
firm engaged pursuant to subclause (A) of this Section 3(f) shall be paid by the
Company.

          SECTION  4.     PAYMENT  OF  TAXES  AND  EXPENSES.

          (a)     The  Company  will  pay all expenses and taxes (other than any
federal or state income tax or similar obligations of the Registered Holder) and
other  governmental charges attributable to the preparation, execution, issuance
and  delivery of this Warrant, any new Warrant and the Warrant Shares; provided,
however, that the Company shall not be required to pay any tax in respect of the
transfer  of  this Warrant or the Warrant Shares, or the issuance or delivery of
certificates  for  Warrant Shares upon the exercise of this Warrant, to a person
or  entity  other  than  a  Registered  Holder  or  an Affiliate (as hereinafter
defined)  of  such  Registered  Holder.

          (b)     An  "Affiliate" of any person or entity means any other person
or  entity  directly or indirectly controlling, controlled by or under direct or
indirect  common  control  with  such  person  or  entity.

          SECTION  5.     MUTILATED  OR  MISSING  WARRANT  CERTIFICATE.  If this
Warrant  shall  be  mutilated,  lost,  stolen  or destroyed, upon request by the
Registered Holder, the Company will issue, in exchange for and upon cancellation
of  the  mutilated Warrant, or in substitution for the lost, stolen or destroyed
Warrant,  a  new  Warrant,  in  substantially  the form of this Warrant, of like
tenor,  but,  in  the  case  of loss, theft or destruction, only upon receipt of
evidence  reasonably  satisfactory  to  the  Company  of  such  loss,  theft  or
destruction  of  this  Warrant  and, if requested by the Company, indemnity also
reasonably  satisfactory  to  it.

          SECTION  6.     RESERVATION,  LISTING  AND ISSUANCE OF WARRANT SHARES.

          (a)     The Company will at all times have authorized, and reserve and
keep  available,  free from preemptive rights, for the purpose of enabling it to
satisfy  any  obligation to issue Warrant Shares upon the exercise of the rights
represented  by  this  Warrant,  the  number  of  Warrant  Shares

                                        3
<PAGE>
deliverable  upon  exercise  of this Warrant.  The Company will, at its expense,
use it best efforts to cause such shares to be included in or listed on (subject
to  issuance  or  notice  of  issuance  of  Warrant Shares) all markets or stock
exchanges  in  or on which the Common Stock is included or listed not later than
the  date  on  which  the  Common  Stock is first included or listed on any such
market or exchange and will thereafter maintain such inclusion or listing of all
shares of Common Stock from time to time issuable upon exercise of this Warrant.

          (b)     Before  taking  any  action  which  could  cause an adjustment
pursuant  to Section 7 hereof reducing the Exercise Price below the par value of
the  Warrant  Shares,  the  Company  will take any corporate action which may be
necessary  in  order  that  the  Company  may  validly  and legally issue at the
Exercise  Price,  as  so  adjusted,  Warrant  Shares  that  are  fully  paid and
non-assessable.

          (c)     The  Company  covenants  that  all  Warrant  Shares will, upon
issuance  in  accordance with the terms of this Warrant, be (i) duly authorized,
fully  paid  and nonassessable, and (ii) free from all taxes with respect to the
issuance  thereof  and  from  all  liens,  charges  and  security  interests.

          SECTION  7.     ADJUSTMENT OF NUMBER OF WARRANT SHARES.  The number of
Warrant  Shares  to  be  purchased  upon exercise hereof is subject to change or
adjustment  from  time  to  time  as  hereinafter  provided:

          (a)     Stock Dividends.  In case the Company shall declare a dividend
                  ---------------
or  make  any  other  distribution  upon  any security of the Company payable in
Common  Stock  or  Convertible  Securities,  such  issue  of  Common  Stock  or
Convertible  Securities,  as  the case may be, shall be deemed to have been made
without  consideration.

          (b)     Consideration  for  Stock.  In case any shares of Common Stock
                  -------------------------
or  Convertible  Securities or any rights or options or warrants to purchase any
such  Common  Stock  or Convertible Securities shall be issued or sold for cash,
the consideration received therefor shall be deemed to be the amount received by
the  Company  therefor,  without deduction therefrom of any expenses incurred or
any  underwriting  commissions  or concessions paid or allowed by the Company in
connection  therewith.  In  case  any  shares  of  Common  Stock  or Convertible
Securities  or  any  rights  or  options or warrants to purchase any such Common
Stock  or  Convertible  Securities  shall  be issued or sold for a consideration
other than cash, the amount of the consideration other than cash received by the
Company  shall  be  deemed  to  be  the  fair  value  of  such consideration, as
determined,  in  good faith and in the exercise of reasonable business judgment,
by  the  Board  of  Directors  of the Company, without deduction of any expenses
incurred  or  any underwriting commissions or concessions paid or allowed by the
Company  in  connection  therewith.

          (c)     Record  Dates.  In case the Company shall take a record of the
                  -------------
holders  of  Common  Stock  for  the  purpose of entitling them (i) to receive a
dividend  or  other  distribution  payable  in  Common  Stock  or in Convertible
Securities,  or (ii) to subscribe for or purchase Common Stock or in Convertible
Securities,  then  such  record  date shall be deemed to be the date of issue or
sale  of  the  shares  of  Common  Stock  deemed  to  have  been issued upon the
declaration  of  such  dividend  or the making of such other distribution or the
date  of the granting of such right of subscription or purchase, as the case may
be.

          (d)     Treasury  Stock.  The  number  of  shares  of  Common  Stock
                  ---------------
outstanding  at  any given time shall include shares owned or held by or for the
account  of the Company, and the disposition of any such shares so owned or held
shall  not  be  considered  an  issue  of  Common  Stock.

                                        4
<PAGE>
          (e)     Subdivisions  or  Combinations  of  Common Stock.  In case the
                  ------------------------------------------------
Company  shall at any time subdivide the outstanding shares of Common Stock into
a  greater  number  of shares, the Exercise Price in effect immediately prior to
such  subdivision  shall  be  proportionately decreased and the shares of Common
Stock  underlying  this  Warrant  immediately prior to such subdivision shall be
proportionately  increased;  and  conversely,  in case the outstanding shares of
Common  Stock  shall  be  combined into a smaller number of shares, the Exercise
Price  in  effect immediately prior to such combination shall be proportionately
increased  and  the  shares  of Common Stock underlying this Warrant immediately
prior to such combination shall be proportionately decreased.

          (f)     Adjustments  for  Consolidation,  Merger,  Sale  of  Assets,
                  ------------------------------------------------------------
Reorganization,  etc.  In  case the Company (i) consolidates with or merges into
--------------------
any other corporation and is not the continuing or surviving corporation of such
consolidation  of  merger,  or (ii) permits any other corporation to consolidate
with  or  merge  into the Company and the Company is the continuing or surviving
corporation  but,  in  connection  with such consolidation or merger, the Common
Stock  is  changed  into or exchanged for stock or other securities of any other
corporation or cash or any other assets, or (iii) transfers all or substantially
all  of  its  properties  and assets to any other corporation, or (iv) effects a
capital  reorganization  or reclassification of the capital stock of the Company
in  such  a way that holders of Common Stock shall be entitled to receive stock,
securities,  cash and/or assets with respect to or in exchange for Common Stock,
then,  and  in  each such case, proper provision shall be made so that, upon the
basis  and upon the terms and in the manner provided in this subsection (f), the
Registered  Holder,  upon  the  exercise  of  this Warrant at any time after the
consummation  of  such  consolidation,  merger,  transfer,  reorganization  or
reclassification,  shall be entitled to receive (at the aggregate Exercise Price
in effect for all shares of Common Stock issuable upon such exercise immediately
prior to such consummation as adjusted to the time of such transaction), in lieu
of  shares  of  Common  Stock  issuable  upon  such  exercise  prior  to  such
consummation,  the  stock and other securities, cash and/or assets to which such
holder  would have been entitled upon such consummation if the Registered Holder
had  so exercised this Warrant immediately prior thereto (subject to adjustments
subsequent  to  such  corporate  action  as nearly equivalent as possible to the
adjustments  provided  for  in  this  Section).

          (g)     Notice  of  Adjustment.  Upon  any  adjustment of the Exercise
                  ----------------------
Price,  then and in each case the Company shall promptly deliver a notice to the
Registered Holder and either (i) a certificate of the chief financial officer of
the  Company or (ii) upon the request of the Registered Holder, the opinion of a
firm  of  independent  certified  public  accountants  (which may be the regular
auditors  of  the Company) of recognized national standing selected by the Board
of  Directors,  which notice or opinion shall state the Exercise Price resulting
from  such  adjustment  and  the  increase or decrease, if any, in the number of
shares  purchasable  at  such  price  upon the exercise of this Warrant, setting
forth  in  reasonable  detail the method of calculation and the facts upon which
such  calculation  is  based.

          (h)     Other  Notices.  In  case  at  any  time:
                  --------------

               (i)     the Company shall declare any cash dividend on its Common
Stock;

               (ii)    the Company shall pay any  dividend payable in stock upon
its Common Stock or make any distribution (other than regular cash dividends) to
the  holders  of  its  Common  Stock;

               (iii)   the  Company  shall  offer for  subscription pro  rata to
the  holders  of its Common Stock any additional shares of stock of any class or
other  rights;

               (iv)    the  Company  shall  authorize  the  distribution  to all
holders  of  its  Common Stock of evidences of its indebtedness or assets (other
than  cash  dividends  or  cash  distributions payable out of earnings or earned
surplus  or  dividends  payable  in  Common  Stock);

                                        5
<PAGE>
               (v)     there  shall  be  any  capital  reorganization,  or
reclassification of the capital stock of the Company, or consolidation or merger
of  the Company with another corporation (other than a subsidiary of the Company
in  which  the  Company is the surviving or continuing corporation and no change
occurs  in  the  Company's Common Stock), or sale of all or substantially all of
its  assets  to  another  corporation;

               (vi)    there  shall  be a  voluntary or involuntary dissolution,
liquidation,  bankruptcy, assignment for the benefit of creditors, or winding up
of  the  Company;

then,  in  any  one or more of said cases the Company shall give written notice,
addressed  to  the Registered Holder at the address of such Registered Holder as
shown  on  the  books  of the Company, of (1) the date on which the books of the
Company  shall  close or a record shall be taken for such dividend, distribution
or  subscription  rights,  or  (2) the date (or, if not then known, a reasonable
approximation  thereof  by  the  Company)  on  which  such  reorganization,
reclassification,  consolidation,  merger,  sale,  dissolution,  liquidation,
bankruptcy, assignment for the benefit of creditors, winding up or other action,
as the case may be, shall take place. Such notice shall also specify (or, if not
then  known,  reasonably approximate) the date as of which the holders of Common
Stock of record shall participate in such dividend, distribution or subscription
rights,  or  shall  be entitled to exchange their Common Stock for securities or
other  property  deliverable  upon  such  reorganization,  reclassification,
consolidation,  merger,  sale,  dissolution, liquidation, bankruptcy, assignment
for  the  benefit of creditors, winding up, or other action, as the case may be.
Such written notice shall be given at least thirty (30) days prior to the action
in  question  and not less than thirty (30) days prior to the record date or the
date  on  which the Company's transfer books are closed in respect thereto. Such
notice  shall  also  state  that  the  action  in question or the record date is
subject  to the effectiveness of a registration statement under the 1933 Act, or
to  a  favorable  vote  of  stockholders,  if  either  is  required.

          (i)     Certain  Events.  If  any  event  occurs  as  to  which in the
                  ---------------
reasonable opinion of the Registered Holder, in good faith, the other provisions
of  this  Section  7  are not strictly applicable but the lack of any adjustment
would  not in the opinion of the Registered Holder fairly protect the Registered
Holder in accordance with the basic intent and principles of such provisions, or
if  strictly  applicable  would  not  fairly  protect the purchase rights of the
Registered  Holder  in  accordance  with the basic intent and principles of such
provisions,  then the Registered Holder shall give written notice thereof to the
Company.  If  the Company and the Registered Holder cannot agree with respect to
an  adjustment  of  the  Exercise  Price  hereof within fifteen (15) days of the
delivery  of  such  notice  by  the  Registered  Holder to the Company, then the
Company  shall appoint a firm of independent certified public accountants (which
may  be  the  regular  auditors of the Company) of recognized national standing,
which  shall  give  their  opinion  upon  the  adjustment,  if  any,  on a basis
consistent  with  the  basic  intent  and  principles  established  in the other
provisions  of  this  Section  7,  necessary  to preserve, without dilution, the
exercise  rights  of  the  Registered Holder.  Upon receipt of such opinion, the
Company shall forthwith make the adjustments described therein.  The cost of the
services performed by the firm of independent certified public accountants shall
be  borne  by  the  Company.

          SECTION 8.     CERTAIN DIVIDENDS AND DISTRIBUTIONS.  In the event that
the  Company  shall  at any time prior to the exercise of this Warrant declare a
dividend (other than a dividend consisting solely of shares of Common Stock or a
cash  dividend  or  distribution payable out of current or retained earnings) or
otherwise  distribute  to its stockholders any monies, assets, property, rights,
evidences  of  indebtedness,  securities  (other  than  shares of Common Stock),
whether issued by the Company or by another person or entity, or any other thing
of value, the Registered Holder shall thereafter be entitled, in addition to the
shares  of Common Stock receivable upon the exercise of the Warrant, to receive,
upon  the  exercise  of  the Warrant, the same monies, property, assets, rights,
evidences  of  indebtedness,  securities

                                        6
<PAGE>
or  any other thing of value that the Registered Holder would have been entitled
to  receive  at  the  time  of  such dividend or distribution had the Registered
Holder  been  an  owner  of  record of the shares of Common Stock into which the
Warrant  is  then  being  exercised  as  of  the  record  date  or other date of
determination  for  such  dividend  or distribution and an appropriate provision
(which  provision may include without limitation, the establishment of an escrow
agreement in favor of the Registered Holder in which the portion of the dividend
or  distribution  attributable to such warrants is held) shall be made a part of
any  such dividend or distribution.  Notwithstanding any provision herein to the
contrary,  no  adjustment under this Section 8 shall be made with respect to any
cash dividend or distribution payable solely out of current or retained earnings
of  the  Company.

          SECTION  9.     NO  RIGHTS  OR  LIABILITIES  AS  A  STOCKHOLDER.  The
Registered  Holder  shall  not  be  entitled  to vote or be deemed the holder of
Common  Stock  or  any  other securities of the Company which may at any time be
issuable  on  the  exercise  hereof,  nor  shall  anything  contained  herein be
construed  to  confer  upon the holder of this Warrant, as such, the rights of a
stockholder of the Company or the right to vote for the election of directors or
upon  any  matter  submitted  to stockholders at any meeting thereof, or give or
withhold  consent  to  any  corporate action or to receive notice of meetings or
other  actions affecting stockholders (except as provided herein), or to receive
dividends  or subscription rights or otherwise, until the Date of Exercise shall
have  occurred.  No  provision  of  this  Warrant, in the absence of affirmative
action  by  the Registered Holder hereof to purchase shares of Common Stock, and
no  mere  enumeration  herein  of  the  rights  and privileges of the Registered
Holder,  shall  give rise to any liability of such holder for the Exercise Price
or  as  a  stockholder of the Company, whether such liability is asserted by the
Company  or  by  creditors  of  the  Company.

          SECTION  10.     FRACTIONAL  WARRANT SHARES.  The Company shall not be
required to issue fractions of Warrant Shares upon exercise of the Warrant or to
distribute  certificates  which  evidence  fractional  Warrant  Shares.  If  any
fraction of a Warrant Share would, except for the provisions of this Section 10,
be  issuable  on the exercise of any Warrant (or specified portion thereof), the
Company shall pay to the Registered Holder an amount in cash equal to the Market
Price  as  of  the  Exercise  Date,  multiplied  by  such  fraction.

          SECTION 11.     TRANSFER RESTRICTIONS; REGISTRATION OF THE WARRANT AND
WARRANT  SHARES.

          (a)     Neither  the  Warrant  nor  the  Warrant  Shares  have  been
registered  under  the  1933  Act.  The Registered Holder, by acceptance hereof,
represents  that  it  is  acquiring  this Warrant to be issued to it for its own
account and not with a view to the distribution thereof, and agrees not to sell,
transfer,  pledge  or  hypothecate  this  Warrant, any purchase rights evidenced
hereby  or  any  Warrant Shares unless a registration statement is effective for
this  Warrant or the Warrant Shares under the 1933 Act or in the opinion of such
Registered  Holder's  counsel  reasonably satisfactory to the Company, a copy of
which opinion shall be delivered to the Company, such transaction is exempt from
the  registration  requirements  of  the  1933  Act.

          (b)     Subject  to  the provisions of the following paragraph of this
Section  11,  each  Certificate for Warrant Shares shall be stamped or otherwise
imprinted  with  a  legend  in  substantially  the  following  form:

     THE  SHARES  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

                                        7
<PAGE>
     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.

          (c)     The  restrictions  and requirements set forth in the foregoing
paragraph  shall  apply  with  respect  to  Warrant Shares unless and until such
Warrant  Shares  are  sold  or  otherwise  transferred  pursuant to an effective
registration  statement under the 1933 Act or are otherwise no longer subject to
the  restrictions  of the 1933 Act, at which time the Company agrees to promptly
cause  such  restrictive  legends  to  be removed and stop transfer restrictions
applicable  to  such  Warrant  Shares  to  be  rescinded.

          (d)     The  Company  will  use  its  best  efforts to comply with the
reporting requirements of Section 13 and 15(d) of the Securities Exchange Act of
1934,  as amended (the "1934 Act") (whether or not it shall be required to do so
pursuant  to  such  Sections)  and  will use its best efforts to comply with all
other  public  information reporting requirements of the Securities and Exchange
Commission  (including,  without  limitation, Securities and Exchange Commission
("SEC") Rule 144 promulgated under the 1933 Act) from time to time in effect and
relating  to  the  availability  of  an  exemption from the 1933 Act for sale of
restricted  securities.  The  Company  also  will  cooperate with the Registered
Holder  and with each holder of any Warrant Shares in supplying such information
as  may  be  necessary for any such holders to complete and file any information
reporting forms presently or hereafter required by the SEC as a condition to the
availability  of  an  exemption  from  the  1933  Act for the sale of restricted
securities.

          SECTION  12.     REGISTRATION  RIGHTS.
                           --------------------

     The Company covenants and agrees as follows:

     (a)     Definitions.  For  purposes  of  this  Section  12:
             -----------

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

               (ii)     The  term  "Holder" means each of the persons who at the
time  holds  Registrable  Securities  or  a  warrant or warrants (including this
Warrant)  to  purchase  Registrable  Securities.

               (iii)     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.

               (iv)     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.

               (v)     The  term  "Registrable Securities" means (i) the Warrant
Shares,  and (ii) 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  Warrant  Shares; provided, however, that any such securities shall cease to
be  Registrable  Securities  when  (i)  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; (ii) such securities shall have been
disposed  of  in accordance with SEC Rule 144 promulgated under the 1933 Act, or
any  successor  rule  or regulation thereto, or any statute hereafter adopted to
replace  or  to  establish  the  exemption  that is now covered by said Rule 144
("Rule  144");  (iii)  such  securities may be sold by a Holder in a transaction
pursuant  to the provisions of Rule 144 provided that such rule shall be at such
time  available  for  the  sale

                                        8
<PAGE>
of  all  such  securities which the Holder at such time desires to sell; or (iv)
such  securities  may  otherwise  be  sold  to  the  public in a transaction not
requiring  registration  under  the  1933  Act.

               (vi)     The term "Registration Expenses" means all registration,
qualification 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 Warrant, and any other fees and expenses of the
registration  under  this  Warrant  which  are  not  Selling  Expenses.

               (vii)     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.

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

     (b)     Reserved.
             ---------

     (c)     Piggyback  Registration  Rights.
             -------------------------------

               (i)     If,  at  any time or from time to time, the Company shall
determine to register any shares of its Common Stock, either for its own account
or  for  the  account  of  a  security  holder  or  holders,  other  than  (A) a
registration  relating solely to stock option or employee benefit plans or (B) a
registration relating solely to a transaction covered by Rule 145 under the 1933
Act,  the Company will (X) promptly give the Holders 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
a Holder or Holders within twenty (20) days after receipt of such written notice
from  the  Company.

               (ii)     If the registration of which the Company gives notice is
for a registered public offering involving an underwriting, the Company shall so
advise  the  Holder  as  part  of  the  written notice given pursuant to Section
12(c)(i).  In  such  event, the right of each Holder to registration pursuant to
this Section 12(c) shall be conditioned upon such Holder's participation in such
underwriting  and  the  inclusion  of  the  Registrable Securities owned by such
Holder  in the underwriting to the extent provided under this Section 12(c).  If
a  Holder  proposes  to  distribute  its  Registrable  Securities  through  such
underwriting  it  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 12(c), 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 holders 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  the  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 securities requested to be included in the such
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 other
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
any  Holders  and  other  holders  participating  in  such  underwriting  as  to

                                        9
<PAGE>
any  such  limitation  and  the  number  of  shares  that may be included in the
registration  and  underwriting.  If  a  Holder disapproves of the terms of 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 the
registration.

               (iii)     The  Company  may  withdraw  a  registration  for which
registration  rights  have  been exercised pursuant to this Section 12(c) at any
time  prior  to  the  time  it  becomes  effective.

          (d)     Expenses  of Registration.  All Registration Expenses incurred
                  -------------------------
in  connection with a registration pursuant to this Section 12 shall be borne by
the  Company.  All  Selling  Expenses  relating  to  the  Registrable Securities
registered  on  behalf  of  a  Holder  shall  be  borne  by  such  Holder.

          (e)     Registration  Procedures.
                  ------------------------

               (i)     In  connection  with  the  registration  of  Registrable
Securities pursuant to this Section 12, the Company shall as expeditiously as is
reasonable:

                    (A)     prepare  and  file  with  the SEC on any appropriate
form  a  registration  statement with respect to such Registrable Securities and
use  its  best efforts to cause such registration statement to become effective;

                    (B)     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 until the Holder or
Holders  have  completed  the  distribution  described  in  such  registration
statement;

                    (C)     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;

                    (D)     use  its  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  the  underwriter 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.

                    (E)     immediately  notify  each  seller  of  Registrable
Securities,  at  any  time  when a prospectus relating thereto is required to be
delivered under the 1933 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

                                       10
<PAGE>
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.

                    (F)     otherwise  use  its  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;

                    (G)     use its 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  is  best efforts to cause such securities to be listed on such
securities  exchange or over-the-counter market as the managing or lead managing
underwriter  shall  reasonably  request;

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

                    (I)     issue  to  any  underwriter  to  which any holder of
Registrable  Securities  may sell such Registrable Securities in connection with
any  such  registration  (and  to  any direct or indirect transferee of any such
underwriter)  certificates evidencing shares of Common Stock without restrictive
legends.

               (ii)     If  requested  by  the  managing  or  lead  managing
underwriter for any underwritten offering of Registrable Securities on behalf of
a  Holder  or  Holders of Registrable Securities, the Company will enter into an
underwriting agreement with the underwriters of such offering, such agreement to
contain  such representations and warranties by the Company and each such Holder
and  such other terms and conditions as are contained in underwriting agreements
customarily used by such managing or lead managing underwriter with such changes
as  the  parties  thereto shall agree, including, without limitation, provisions
relating  to  indemnification  and  contribution  in  lieu  thereof.

               (iii)     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.

               (iv)     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.

          (f)     Indemnification.  (i)  The  Company will indemnify each Holder
                  ---------------
with respect to which a registration has been effected pursuant to this Warrant,
and  each  underwriter,  if  any,  and  each person who controls any 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

                                       11
<PAGE>
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.

               (ii)     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 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 of securities
included  in  the  registration  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 12(f) 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.

               (iii)     Each  party  entitled  to  indemnification  under  this
Section  12 (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.

          (g)     Contribution.
                  ------------

               (i)     If  the  indemnification  provided  for  in Section 12(f)
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 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

                                       12
<PAGE>
such  losses,  claims,  damages,  liabilities or expenses (or 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  12(g)  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.

               (ii)     Notwithstanding  anything  to  the  contrary  contained
herein,  the  obligation  of  each Holder to contribute pursuant to this Section
12(g)  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 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).

               (iii)     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.

          (h)     1934  Act  Registration.     The  Company covenants and agrees
                  -----------------------
that  upon  the  Company  becoming a Public Corporation, if ever, and until such
time as there shall be no Registrable Securities outstanding :

               (i)     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);

               (ii)     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;

               (iii)     it will, if no longer required to file reports pursuant
to  Section  12  (g) of the 1934 Act, upon the request of the Registered 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

               (iv)     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  12(h).

     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

                                       13
<PAGE>
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 12(f); 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  12(f)  the  defense  thereof.

          SECTION  13.     NOTICES.  All  notices,  requests,  demands and other
communications  relating to this Warrant shall be in writing and shall be deemed
to  have  been  duly  given  if  delivered  personally  or sent by United States
certified  or  registered  first-class  mail,  postage  prepaid,  return receipt
requested,  to  the  parties  hereto at the following addresses or at such other
address as any party hereto shall hereafter specify by notice to the other party
hereto:

          (a)     If  to  the Registered Holder of this Warrant or the holder of
the Warrant Shares, addressed to the address of such Registered Holder or holder
as  set  forth  on books of the Company or otherwise furnished by the Registered
Holder  or  holder  to  the  Company.

          (b)     If to the Company, addressed to:

                  Petrosearch Energy Corporation
                  4801 Woodway Drive, Suite 300E
                  Houston, Texas 77056
                  Attn: David Collins

          SECTION 14     BINDING EFFECT.  This Warrant shall be binding upon and
inure  to  the  sole  and  exclusive  benefit of the Company, its successors and
assigns,  and  the  holder  or holders from time to time of this Warrant and the
Warrant  Shares.

          SECTION  15     SURVIVAL  OF  RIGHTS  AND  DUTIES.  This Warrant shall
terminate and be of no further force and effect on the earlier of (i) 5:00 p.m.,
Texas  time,  on the Expiration Date and (ii) the date on which this Warrant and
all  purchase  rights  evidenced  hereby  have  been  exercised, except that the
provisions of Sections 4, 6(c) 11 and 12 hereof shall continue in full force and
effect  after  such  termination  date.

          SECTION  16     GOVERNING  LAW.  This  Warrant  shall  be construed in
accordance  with  and  governed  by  the  laws  of  the  State  of  Nevada.

          SECTION 17     SECTION HEADINGS.  The Section headings in this Warrant
are  for  purposes  of  convenience only and shall not constitute a part hereof.

          IN WITNESS WHEREOF, the Company has caused this Warrant to be executed
under  its  corporate  seal  by its officers thereunto duly authorized as of the
date  hereof.

SIGNATURES APPEAR ON FOLLOWING PAGE

                                       14
<PAGE>
                                   PETROSEARCH ENERGY CORPORATION

                                   By: _________________________________________
                                         Richard D. Dole, President and CEO

                                   By: _________________________________________
                                        David Collins, Vice President and CFO

                                       15
<PAGE>
                          FORM OF ELECTION TO PURCHASE

                 (To Be Executed Upon Exercise of this Warrant)

To Petrosearch Energy Corporation:

          The  undersigned,  the  record  holder  of  this  Warrant (Warrant No.
_____),  hereby  irrevocably  elects  to exercise the right, represented by this
Warrant, to purchase ___________ of the Warrant Shares and herewith either (mark
only  one  of  the  following  boxes):

          [_]  Tenders  payment  for  such  Warrant  Shares  to  the  order  of
Petrosearch  Energy  Corporation  of  $_________  representing the full purchase
price  for  such  shares at the price per share provided for in such Warrant and
the delivery of any applicable taxes payable by the undersigned pursuant to such
Warrant.

          [_]  In lieu of paying the purchase price as provided in the preceding
paragraph,  the  undersigned  elects  to  make  a  cashless exercise pursuant to
Section  3(c)  of  the  attached  Warrant.

          The  undersigned  requests that certificates for such shares be issued
in  the  name  of:

_______________________________

_______________________________
_______________________________
_______________________________     ___________________________________________
(Please print name and address)       Social Security or Tax Identification No.

          In  the  event  that not all of the purchase rights represented by the
Warrant  are  exercised,  a new Warrant, substantially identical to the attached
Warrant,  representing  the  rights formerly represented by the attached Warrant
which  have not been exercised, shall be issued in the name of and delivered to:

_______________________________
_______________________________
_______________________________     ___________________________________________
(Please print name and address)       Social Security or Tax Identification No.

Dated: ________________             Name of Holder (Print):

                                    By: __________________________________
                                    (Name): ______________________________
                                    (Title): _____________________________

<PAGE>
                               FORM OF ASSIGNMENT

          FOR  VALUE  RECEIVED,  __________________  hereby  sells,  assigns and
transfers  to each assignee set forth below all of the rights of the undersigned
under  the  attached  Warrant  (Warrant  No.  001) with respect to the number of
shares  of  Common  Stock  covered  thereby  set forth opposite the name of such
assignee  unto:

Name of Assignee                     Address                 Number of Shares of
----------------                     -------                   Of Common Stock
                                                               ---------------

          If  the total of said purchase rights represented by the Warrant shall
not  be  assigned,  the  undersigned  requests  that  a  new Warrant Certificate
evidencing  the  purchase  rights  not  so assigned be issued in the name of and
delivered  to  the  undersigned.

Dated: __________________          Name of Holder (Print): _____________________

                                   _____________________________________________
                                   (signature)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00085-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00085-of-00352.parquet"}]]