Document:

rsg_ex107-70718.htm

    Exhibit
      10.7

     

    STOCK
      ACQUISITION AGREEMENT

    

    
      	
              DATE:

            	
              May
                17, 2007

            

    

    

    
      	
              BETWEEN:

            	
              The
                Resourcing Solutions Group, Inc. a Nevada
                corporation

            

    

    
      	
               

            	
              7621
                Little Ave., Suite 101

            

    

    
      	
               

            	
              Charlotte,
                NC 28226

            	
              (“TRSG”)

            

    

    

    
      	
              AND:

            	
              Michael
                Peterson and Antoinette Peterson, owners of all of the issued and
                outstanding shares of common stock of World Wide Personnel Services
                of
                Virginia, Inc., a Virginia
                corporation

            

    

    
      	
               

            	
              (“Peterson”)

            

    

    

    RECITALS

    

    A.           Peterson
      owns 100%  of the issued and outstanding shares (“Peterson
      Shares”) of World Wide Personnel Services of Virginia,  Inc., a
      Virginia corporation, which operates a professional services organization in
      the
      State of Virginia (“ World Wide”).

    

    B.           TRSG
      desires to acquire the Peterson Shares and Peterson desires to sell the Peterson
      Shares to TRSG, pursuant to the terms and conditions of this
      Agreement.

    

    NOW,
      THEREFORE, in
      consideration of the mutual promises and agreements set forth herein, the
      parties hereto do hereby  agree as follows:

    

    AGREEMENT

    

    1.           Effective
      Date    The effective
      date of
      this Agreement shall be June 1, 2007. (“Effective Date”).

    

    2.           Purchase
      of Peterson Shares.    At
      the Closing, as
      defined in Section 8 of this Agreement, Peterson shall assign, transfer and
      deliver to TRSG the Peterson Shares. The purchase price of the Peterson Shares
      shall be $200,000.00 (“Purchase Price”).  The Purchase Price
      shall be paid by TRSG in the form of its convertible promissory note in the
      form
      attached hereto as Exhibit “A” (“TRSG Note”). The assignment, transfer,
      and delivery by Peterson of the Peterson Shares to TRSG shall be effected on
      the
      Closing Date by Peterson’s execution and delivery of documents and instruments
      necessary to assign, transfer, and deliver the Peterson Shares, free and clear
      of any and all liens, encumbrances, security interests, claims and other
      restrictions or charges of any kind whatsoever in exchange for the delivery
      to
      Peterson of the TRSG Note.

    

    
      
        
        

      

      
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          1
          - Stock Purchase Agreement

        
          

        

      

      
        
        

      

    

    3.           Due
      Diligence Review    TRSG and Peterson
      shall permit their respective employees, agents, accountants, legal counsel
      and
      other representatives to have access to each others  books, records,
      employees, counsel, accountants, and other representatives at all reasonable
      times for the purpose of conducting their respective due diligence
      investigation. Each party will make available to the other for examination
      and
      reproduction all documents and data of every kind and character relating to
      this
      Agreement and the transactions contemplated hereby, in possession or control
      of,
      or subject to reasonable access by either party.  All such due
      diligence investigation shall be completed and each party shall notify the
      other
      in writing of the satisfaction or removal of this due diligence review condition
      within thirty (30) days of the Effective Date. Upon mutual agreement of the
      parties, additional time may be allowed to complete such due diligence
      investigation. Should a party (“Reviewing Party”) become aware of any
      information during its due diligence investigation which, in the opinion of
      the
      Reviewing Party,  could have material adverse impact on this Agreement
      and/or the transactions contemplated hereby, the Reviewing Party shall
      immediately notify the other party (“Receiving Party”) in writing of
      such information and the concerns which such information has
      caused.  The Receiving Party shall have a reasonable time to respond
      to those concerns. In the event that the concerns cannot be resolved to the
      satisfaction of the Reviewing Party,  the Reviewing
      Party  shall have the right to terminate this Agreement without
      further liability hereunder. Each party shall bear the costs and expenses of
      its
      own due diligence investigation hereunder, including the fees and expenses
      of
      professional advisors.

    

    4.           Conduct
      of Business; Interim Operations    Pending the Closing
      of this Agreement and the transactions contemplated thereby, Peterson shall
      use
      their best efforts to conduct the business of World Wide in a reasonable and
      prudent manner in accordance with its past practices, to preserve its existing
      business organizations and relationships with its employees, customers, clients
      and others with whom it has a business relationship, to preserve and protect
      its
      properties, and to conduct its business in compliance with applicable laws
      and
      regulations. Without the prior written consent of TRSG, World Wide shall
      not:

    

    (a)           merge
      into or with or consolidate with, any other corporation;

    

    (b)           amend
      its articles of incorporation or bylaws;

    

    (c)           issue
      any capital stock or other securities, or grant or enter into any agreement
      to
      grant, any options, convertible rights, warrants, calls,
      or  agreements relating to its securities;

    

    (d)           enter
      into, or terminate, any material agreement;

    

    (e)           engage
      in any one or more activities or transactions outside the ordinary course of
      business;

    

    (f)           enter
      into any transaction or make any commitment which could result in any
      of  the warranties and representations of Peterson contained in this
      Agreement not being true and correct after the occurrence of
      such  transaction or event.

    

    

    
      
        
        

      

      
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          - Stock Purchase Agreement

        
          

        

      

      
        
        

      

    

    5.           Warranties
      and Representations of Peterson    Peterson
      warrants and
      represents to TRSG, as of the date hereof, as follows:

    

    (a)           World
      Wide Personnel Services of Virginia, Inc. is a corporation duly organized under
      the laws of the State of Virginia, validly existing and in good standing,
      authorized to exercise all its corporate powers, rights and privilege
      and  has the corporate power and authority to own and operate its
      properties and to carry on its business as now conducted.

    

    (b)           Peterson
      has all requisite legal and corporate power to execute and deliver this
      Agreement, consummate the transactions contemplated hereby and perform its
      obligations hereunder.

    

    (c)           All
      corporate action on the part of World Wide necessary for the authorization,
      execution, delivery and performance of all obligations under this Agreement
      will
      be taken and this Agreement constitutes a legal, valid and binding
      obligation  enforceable according to its terms.

    

    (d)           Peterson
      has, and will have at Closing, legal and beneficial ownership of Peterson
      Shares, free and clear of any and all liens and encumbrances or other
      restrictions or limitations and has, and will have at Closing, all required
      legal and corporate power to transfer and convey Peterson Shares to
      TRSG.

    

    (e)           There
      are no claims, actions, suits, investigations or proceedings against Peterson
      or
      World Wide pending or, to the knowledge of Peterson, threatened in any court
      or
      before or by any governmental authority, or before any arbitrator, that might
      have an adverse effect on World Wide or Peterson Shares, and to the knowledge
      of
      Peterson, there is no basis for any such claim., action, suit, investigation
      or
      proceeding that is likely to result in a judgment, decree or order having an
      adverse effect on World Wide or Peterson Shares. Peterson and World Wide are
      not
      in default under, and no condition exists that would (i) constitute a default
      under, or breach or violation of, any legal requirement, permit or contract
      applicable to Peterson or World Wide, or (ii) accelerate or permit the
      acceleration of the performance required under, or give any party the right,
      to
      terminate any contract other than the lawsuit filed by PML North America, LLC
      in
      U. S. District Court for the Eastern District of Michigan  (Case No.
      06-cv-14447).

    

    (f)           No
      suit, action or other proceeding is pending or, or to the knowledge of Peterson,
      threatened before any governmental authority seeking to restrain Peterson or
      prohibit its entry into this Agreement or prohibit the Closing, or seeking
      damages against Peterson or World Wide as a result of the consummation of this
      Agreement other than the lawsuit filed by PML North America, LLC in U. S.
      District Court for the Eastern District of Michigan. (Case No.
      06-cv-14447).

    

    (g)           Neither
      the execution and delivery of this Agreement nor the carrying out of any of
      the
      transactions contemplated hereby will:

     

    
      
        
        

      

      
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          - Stock Purchase Agreement

        
          

        

      

      
        
        

      

    

    
 

    
      	
               

            	
              i.

            	
              violate
                or conflict with any of the terms and conditions or provisions of
                the
                articles of incorporation or bylaws of World
                Wide;

            

    

    

    
      	
               

            	
              ii.

            	
              violate
                any legal requirement applicable to Peterson or World
                Wide;

            

    

    

    
      	
               

            	
              iii.

            	
              violate,
                conflict with, result in a breach of, constitute a default under,
                or
                accelerate or permit the acceleration of the performance required
                by, or
                give any other party the right to terminate, any contract or permit
                applicable to Peterson or World
                Wide;

            

    

    

    
      	
               

            	
              iv.

            	
              result
                in the creation of any lien, charge or other encumbrance on  any
                property of Peterson or World Wide other than as provided for herein;
                or

            

    

    

    
      	
               

            	
              v.

            	
              require
                Peterson or World Wide to obtain or make any waiver, consent, action,
                approval or authorization of, or registration, declaration, notice
                or
                filing with, any private non-governmental third party or any governmental
                authority.

            

    

    

     

    7.           Warranties
      and Representationsof
      TRSG           TRSG
      warrants and represents to Peterson as follows:

    

    (a)           TRSG
      is a corporation duly organized under the laws of the State of Nevada, validly
      existing and in good standing, is authorized to exercise all its corporate
      powers, rights and privileges and has the corporate power and authority to
      own
      and operate its properties and to carry on its businesses as now
      conducted.

    

    (b)           TRSG
      has all requisite legal and corporate power to execute and deliver this
      Agreement, consummate the transactions contemplated hereby and perform its
      obligations hereunder.

     

    (c)           All
      corporate action on TRSG’s part necessary for the authorization, execution,
      delivery and performance of all obligations under this Agreement and for the
      issuance and delivery of the TRSG Note will be taken, and this Agreement
      constitutes a legal, valid and binding obligation of TRSG enforceable according
      to its terms.

    

    (d)           Neither
      the execution and delivery of this Agreement nor the carrying out of any of
      the
      transactions contemplated hereby will:

    

    
      	
               

            	
              i.

            	
              violate
                or conflict with any of the terms and conditions or provisions of
                the
                articles of incorporation or bylaws of
                TRSG;

            

    

    

    
      	
               

            	
              ii.

            	
              violate
                any legal requirement applicable to
                TRSG;

            

    

     

    
      
        
        

      

      
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          4
          - Stock Purchase Agreement

        
          

        

      

      
        
        

      

    

     

    
      	
               

            	
              iii.

            	
              violate,
                conflict with, result in a breach of, constitute a default under,
                or
                accelerate or permit the acceleration of the performance required
                by, or
                give any other party the right to terminate, any contract or permit
                applicable to TRSG;

            

    

    

    
      	
               

            	
              iv.

            	
              result
                in the creation of any lien, charge or other encumbrance on  any
                property of TRSG; or

            

    

    

    
      	
               

            	
              v.

            	
              require
                TRSG to obtain or make any waiver, consent, action, approval or
                authorization of, or registration, declaration, notice or filing
                with, any
                private non-governmental third party or any governmental
                authority.

            

    

    

    

    (e)           The
      TRSG Note, when issued and delivered in accordance with the terms of this
      Agreement and for the consideration expressed herein, shall be duly and validly
      issued.

    

    (f)           No
      suit, action or other proceeding is pending or, to TRSG’s best knowledge,
      threatened before any governmental authority seeking to restrain TRSG or
      prohibit entry into this Agreement or prohibit the Closing, or seeking damages
      against TRSG or its properties as a result of the consummation of this
      Agreement.

    

    7.           Covenants.

     

    7.1           Approval
      of Directors    Prior to the
      effective date of this Agreement, TRSG and World Wide, to the extent required,
      shall each hold a special meeting of their respective Boards of Directors to
      approve the Agreement and the transactions contemplated thereby.

     

    7.2           Third
      Party Consents    TRSG and Peterson
      each agree to use their respective best efforts to obtain, as soon as reasonably
      practicable, all permits, authorizations, consents, waivers and approvals from
      third parties or governmental authorities necessary to consummate this Agreement
      and the transactions contemplated hereby.

     

    8.           Closing    Subject
      to
      the satisfaction of the conditions set forth in Section 9 and Section 10 of
      this
      Agreement, the closing of the transactions contemplated hereby
      (“Closing”) shall be held at Charlotte, North Carolina. The date upon which
      the Closing occurs is hereinafter referred to as the “Closing Date”. If by the
      close of business on June 1, 2007, Closing has not occurred,
      then either party hereto may terminate this Agreement by written notice to
      such
      effect to the other party without liability to any other party to this Agreement
      unless the reason for the Closing having not occurred
      is (i) such party’s willful breach of this Agreement, or
      (ii) , if all of the conditions to such party’s obligations set forth in Section
      10 and Section 11 of this Agreement have been satisfied or
      waived in writing by the date scheduled for the Closing, the failure of such
      party to perform its obligations under this Agreement on such date.
      However,  any termination pursuant to this Section 9 shall not relieve
      any party hereto who was responsible for Closing having not occurred of
      liability for such party’s willful breach of this Agreement or the failure of
      such party to perform its obligations under this Section 9 on such
      date.

     

    
      
        
        

      

      
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    9.           Conditions
      to Obligations of TRSG    The obligations
      of
      TRSG to carry out the transactions contemplated by this Agreement are subject,
      at the option of the TRSG, to the satisfaction, or waiver by TRSG, of the
      following conditions:

     

    (a)           All
      warranties and representations of Peterson contained in this Agreement shall
      be
      true and correct in all material respects as of the Closing and Peterson shall
      have performed and satisfied in all material respects all agreements and
      covenants required by this Agreement to be performed or satisfied by it at
      or
      prior to the Closing.

     

    (b)           As
      of the Closing Date, no suit, action, or other proceeding, shall be pending
      or
      threatened before any court or governmental agency seeking to restrain TRSG
      or
      prohibit the Closing or seeking damages against TRSG or Peterson or World Wide
      as a result of the consummation of this Agreement.

     

    (c)           Since
      the date of this Agreement and up to and including the Closing there have not
      been:

     

    
      	
               

            	
              i.

            	
              any
                changes in the business, operations, prospects or financial condition
                of
                World Wide that had or might have a material adverse effect on World
                Wide;
                or

            

    

     

    
      	
               

            	
              ii.

            	
              any
                damage, destruction or loss to World Wide that had or might have
                an
                adverse effect on World Wide or Peterson
                Shares.

            

    

     

    (d)           Peterson
      shall have furnished TRSG with a copy of all necessary corporate action on
      its
      behalf approving Peterson’s execution, delivery and performance of this
      Agreement.

     

    (e)           TRSG
      shall have completed its due diligence investigation and the results thereof
      have not revealed that any of the warranties and representations of Peterson
      set
      forth herein are untrue or incorrect in any respect or otherwise unsatisfactory
      to TRSG or that exceptions, if any, have been resolved to the satisfaction
      of
      TRSG.

     

    (f)           TRSG
      shall have received written evidence, in form and substance satisfactory to
      it,
      of the consent to the transactions contemplated by this Agreement of all
      governmental and private third parties where the absence of any such consent
      would result in a violation of law or breach or default under any agreement
      to
      which Peterson is a party.

     

    10.           Conditions
      to Obligations of Peterson    The obligations
      of
      Peterson to carry out the transactions contemplated by this Agreement are
      subject, at the option of the Peterson, to the satisfaction or waiver by
      Peterson, of the following conditions:

     

    
      
        
        

      

      
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          - Stock Purchase Agreement

        
          

        

      

      
        
        

      

    

    (a)           TRSG
      shall have furnished Peterson with copies of all necessary corporate action
      on
      its behalf approving the execution, delivery and performance of this
      Agreement.

     

    (b)           All
      warranties and representations of TRSG contained in this Agreement shall be
      true
      and correct in all material respects as of the Closing and TRSG shall have
      performed and satisfied in all material respects all agreements and covenants
      required by this Agreement to be performed or satisfied by it at or prior to
      the
      Closing.

     

    (c)           As
      of the Closing Date, no suit, action, or other proceeding, shall be pending
      or
      threatened before any court or governmental agency seeking to restrain Peterson
      or World Wide or prohibit the Closing or seeking damages against TRSG or
      Peterson or World Wide as a result of the consummation of this
      Agreement.

     

    11.           Indemnification    Peterson
      agrees to indemnify and hold harmless TRSG from and against any and all damages,
      liabilities, obligations, penalties, fines, judgments, claims, deficiencies,
      losses, costs, expenses and assessments arising out of, resulting from or in
      any
      way related to (a) a breach of, or failure to perform or satisfy any of, the
      warranties and representations, covenants and agreements made by Peterson in
      this Agreement or in any document or certificate delivered by Peterson at the
      Closing, or (b) the existence of any liabilities or obligations of World Wide
      other than those disclosed in Schedule 13 attached hereto.

     

    12.           Notices    All
      notice,
      consents, waivers and other communications required or permitted by this
      Agreement shall be in writing and shall be deemed given to a party when (a)
      delivered to the appropriate address by hand or by nationally recognized
      overnight courier service, with costs prepaid; (b) sent by facsimile or e-mail
      with confirmation of transmission by the transmitting equipment; or (c) sent
      by
      certified mail, return receipt requested, in each case to the following
      addresses, facsimile numbers or e-mail addresses and marked to the attention
      of
      the person designated below:

     

    To
      TRSG:

     

    Gary
      Musselman

    7621
      Little Ave., Suite
      101

    Charlotte,
      NC 28226

    Facsimile:
      (704) 501-5651

    E-mail:
      Gmusselman@asmarahr.com

     

     

    
      
        
        

      

      
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          - Stock Purchase Agreement

        
          

        

      

      
        
        

      

    

    To:
      Peterson:

     

    Michael
      Peterson or Antoinette
      Peterson

    163
      Creekside Lane

    Winchester,
      VA 22602

    Facsimile:
      (540) 667-1984

    E-Mail:
      Tpeterson@asmarahr.com

    Toni@worldwideps.com

     

    13.           Expenses    Each
      party
      shall bear the costs and expenses of its own fees and expenses of professional
      advisors and other costs relating to this Agreement.

     

    14.           Arbitration
      Required/Mediation First Option.    Any dispute or
      claim
      that arises out of or that relates to this agreement, or to the interpretation
      or breach thereof, or to the existence, scope, or validity of this agreement
      or
      the arbitration agreement, shall be resolved by arbitration in accordance with
      the then effective arbitration rules of American Arbitration Association.
      Judgment upon the award rendered pursuant to such arbitration may be entered
      in
      any court having jurisdiction thereof.  The parties acknowledge that
      mediation usually helps parties to settle their dispute.  Therefore,
      any party may propose mediation whenever appropriate through the
      organization  named above or any other mediation process or mediator
      as the parties may agree upon.

     

    15.           Binding
      Effect    This Agreement
      shall  be binding upon and inure to the benefit of the parties hereto
      and their respective  successors and assigns; but neither this
      Agreement nor any of the rights, benefits or obligations hereunder shall be
      assigned, by operation of law or otherwise, by either party hereto without
      the
      prior written consent of the other party, which approval shall not be
      unreasonably withheld.

     

    16.           Survival
      of Warranties and Representations    The warranties
      and
      Representations of the parties as  set forth in this Agreement are the
      exclusive warranties and representations of the parties. All warranties and
      representations, covenants and agreements by the parties to this Agreement
      shall
      expressly survive the Closing.

     

    17.           Governing
      Law    This Agreement
      and
      the documents and instruments delivered pursuant hereto shall be governed by
      and
      construed in accordance with the laws of the State of North Carolina. Each
      party
      hereto irrevocably submits to the jurisdiction of the court of the State of
      North Carolina, in any action or proceeding arising out of or relating to this
      Agreement. Each party hereto consents to service of process by any means
      authorized by applicable law and waives the defense of an inconvenient form
      to
      the maintenance of such action or proceeding in any such court.

     

    
      
        
        

      

      
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    18.           Severability    The
      provisions of this Agreement are severable. If any one or more provisions may
      be
      determined to be illegal or otherwise unenforceable, in whole or in part, the
      remaining provisions, to the extent enforceable, shall nevertheless be binding
      and enforceable.

     

    19.           Non-Waiver    Failure
      by
      any party at any time to require performance of the other party of the
      provisions of this Agreement shall in no way affect any party’s rights hereunder
      to enforce the same, nor shall any such waiver by either party of any breach
      be
      held to be a waiver of any succeeding breach or waiver of this
      clause.

     

    20.           Remedies    The
      rights and remedies provided by this Agreement are cumulative and the use of
      any
      one right or remedy by any party hereto shall not preclude or constitute a
      waiver of its rights to use any or all other remedies. Such rights and remedies
      are given in addition to any other rights and remedies a party may have by
      law,
      statute or otherwise.

     

    21.           Attorneys’
      Fees    In the event
      suit or action is brought, or an arbitration proceeding is initiated, to enforce
      or interpret any of the provisions of this agreement, or that arise out of
      or
      relate to this agreement, the prevailing party shall be entitled to reasonable
      attorney’s fees in connection therewith.  The determination of who is
      the prevailing party and the amount of reasonable attorney's fees to be paid
      to
      the prevailing party shall be decided by the arbitrator(s) (with respect to
      attorney's fees incurred prior to and during the arbitration proceedings) and
      by
      the court or courts, including any appellate court, in which such matter is
      tried, heard, or decided, including a court that hears a request to compel
      or
      stay litigation or that hears any exceptions or objections to, or requests
      to
      modify, correct, or vacate, an arbitration award submitted to it for
      confirmation as a judgment (with respect to attorney's fees incurred in such
      court proceedings).

     

    22.           Entire
      Agreement    This Agreement,
      together with all exhibits attached hereto,  constitutes the entire
      agreement between the parties with respect to the subject matter hereof and
      supersedes all prior agreements, understandings, negotiations and discussions,
      whether oral or written, by any of the parties or by any officer or
      representative of any party.  No amendment or modification of this
      Agreement shall be binding unless executed in writing by the party to be bound
      thereby.

     

    23.           Counterparts    This
      Agreement may be executed in one or more counterparts, each of which shall
      be
      deemed to be an original, but all of which together shall constitute one and
      the
      same instrument.

     

    24.           Advice
      of Counsel    This Agreement
      was
      prepared by the Law Office of Robert C. Laskowski on behalf of TRSG and Peterson
      have been advised to retain their own legal counsel to represent them in
      connection with this Agreement and they have elected not to seek the advice
      of
      such legal counsel.

     

    

     

    

     

    
      
        
        

      

      
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          - Stock Purchase Agreement

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the parties have executed this Agreement on the dates
      indicated below.

     

    TRSG
      CORP.

     

    
      	
              By:
                /s/ GARY
                MUSSELMAN                
                

            	
              Date: 
                May 17,
                2007      

            

    

     

    Name:
      Gary Musselman

     

    Title:
      President/CEO

     

    MICHAEL
      PETERSON AND ANTOINETTE PETERSON, AS HOLDERS OF 100% OF

     

    THE
      ISSUED AND OUTSTANDING COMMON STOCK OF WORLD WIDE

     

    PERSONNEL
      SERVICES OF VIRGINIA, INC.

     

    
       

      
        	
                
                  /s/
                    MICHAEL
                    PETERSON                                                                    
                    

                

              	
                Date: 
                  May 17,
                  2007      

              

      

       

      
        	
                
                  /s/
                    ANTOINETTE
                    PETERSON                                                             
                    

                

              	
                Date: 
                  May 17,
                  2007      

              

      

    

     

     

     

     

    Page 10
      - Stock Purchase AgreementUnassociated Document

    

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      COAL
        LEASE

      Made
        and
        executed as of July 12, 2007, by and between CHARLES D. BECKHAM,
of Baldwin, Pennsylvania, and TODD E. BECKHAM, of
        Milton, Massachusetts (“Lessors”), and One World Energy Corporation,
a Nevada corporation, having offices in Henderson, Nevada
        (“Lessee”).

      WHEREAS,
        Lessors are the owners of  certain pieces, parcels or tracts of land
        (“the premises”), containing approximately 180 acres, located in Monongahela
        Township, Greene County, Pennsylvania, more fully described on Exhibit A
        attached hereto and made part hereof; and

      WHEREAS,
        Lessors desire to lease and demise the premises to Lessee, and Lessee desires
        to
        take and hire same from Lessors, for the purpose of mining and removing coal
        of
        the Washington, Waynesburg A and Waynesburg B seams or veins of coal by the
        strip mining method.

      NOW,
        THIS COAL LEASE (“this Lease”), WITNESSETH, that Lessors and Lessee
        hereby covenant and agree as follows:

      Article
        I

      Grant
        - Term

      1.01.  Lessors
        hereby lease and demise unto Lessee, and Lessee hereby takes and hires from
        Lessors, for the sole purpose of mining and removing coal of the Washington,
        Waynesburg A and Waynesburg B seams or veins of coal by the strip mining
        method,
        the premises, being those certain pieces, parcels or tracts of land located
        in
        Monongahela Township, Greene County, Pennsylvania, more particularly described
        on Exhibit A attached hereto and made part hereof.

      1.02.  This
        Lease shall commence on the date first above written, and, unless sooner
        terminated pursuant to any provision hereof, shall remain in force until
        the
        exhaustion of all coal of the Washington, Waynesburg A and Waynesburg B seams
        or
        veins underlying the premises which are commercially mineable by the strip
        mining method.

      Article
        II

      Production
        Royalties

      2.01.  As
        royalty for the coal mined and produced hereunder, Lessee shall pay unto
        Lessors
        the sum equal to the greater of (i) ten percent (10%) of the selling price
        of
        the coal, fob pit, received by Lessee in an arms’ length sale of the coal, or
        (ii) two dollars and ten cents ($2.10) per net ton of coal mined and
        produced.  Provided, however, that if Lessee disposes of the coal
        other than in an arms’ length sale, i.e., by selling it to a related
        person or entity, the royalty shall be the sum equal to the greater of (i)
        ten
        percent (10%) of the market value of the coal, fob pit (i.e., the
        price, fob pit, for which the coal would be sold between unrelated parties
        in
        the location of the premises, or (ii) two dollars and ten cents ($2.10) per
        net
        ton of coal mined and
        produced.     2.02.  Lessee shall pay all
        production royalties on or before the 25th day of
        the
        calendar month following the month in which the coal for which payment is
        made
        is produced.  Payment shall be made by check directed to Lessors at
        the address set forth in Paragraph 8.03.

      2.03.  In
        order that Lessors may determine that they have been paid all production
        royalties to which they are entitled under the terms hereof, Lessee agrees
        to
        keep full and accurate records, including books of account, weigh bills and
        invoices to purchasers of coal mined and produced hereunder, which fully
        disclose the tonnage of coal mined and produced, and the purchase price received
        by Lessee therefor.  Such records shall be available for inspection by
        Lessors or Lessors’ duly authorized agent during regular business hours upon 7
        days’ notice from Lessors that they desire to make such an
        inspection.

      Article
        III

      Advance
        and Minimum Royalties

      3.01.  Upon
        the signing of this Lease, Lessee shall pay unto Lessor one thousand restricted
        shares of Inform Worldwide Holdings Inc.

      3.02.  Beginning
        on the first day of July 11, 2009, and thereafter on the first day of each
        and
        every calendar month thereafter so long as this Lease remains in effect,
        Lessee
        shall pay unto Lessors a monthly minimum royalty in the amount of five hundred
        dollars ($500.00).

      3.03.  Lessee
        shall be entitled to a credit against the production royalties due Lessors
        pursuant to Paragraph 2.01 for the advance royalty paid pursuant to Paragraph
        3.01 and all minimum royalties previously paid pursuant to Paragraph
        3.02.  When Lessee establishes production, and a production royalty is
        due Lessors pursuant to Paragraph 2.01, Lessee shall be entitled to take
        as a
        credit against payment of the production royalty all sums previously paid
        and
        accumulated as set forth in the preceding sentence.  In the event the
        amount of the production royalty does not fully absorb all sums previously
        paid
        and accumulated, Lessee may carry forward any unused credit for advance and
        minimum royalties to be applied on the next date at which a production royalty
        is due.  Provided, however, that Lessee shall nevertheless be required
        to make the monthly minimum royalty payment provided in Paragraph 3.02 on
        the
        first day of each and every subsequent calendar month regardless of whether
        Lessee has to its credit sums previously paid and accumulated; it being the
        intent of this sentence that, beginning with the first day of July 11, 2009,
        Lessors shall receive a minimum payment of five hundred dollars ($500.00)
        per
        month so long as this Lease remains in effect.

      Article
        IV

      Permitting
        Requirements - Compliance with Law

      4.01.  Lessee
        shall be responsible, at its sole cost and expense, to apply for and procure
        all
        licenses and permits required by the United States of America, the Commonwealth
        of Pennsylvania, and any local governmental unit, in connection with the
        mining
        and stripping operations which the parties intend for Lessee to conduct upon
        the
        premises.  Lessee shall be further responsible to acquire all
        necessary bonds required by the United States of America, the Commonwealth
        of
        Pennsylvania, and any local governmental unit, in connection with Lessee’s use
        of any public road, highway or infrastructure.  Lessors agree to
        execute any consents which Lessee may require in connection with any license
        or
        permit application, including but not limited to the Supplemental C normally
        required by the Commonwealth of Pennsylvania, Department of Environmental
        Protection.

      4.02.  Lessee
        agrees to conduct its operations upon the premises in compliance with all
        applicable laws, ordinances, rules and regulations of the United States of
        America, the Commonwealth of Pennsylvania and any local government unit having
        jurisdiction over the premises.  Lessee further agrees to indemnify
        Lessors, and to hold Lessors and their heirs, executors, administrators and
        assigns fully harmless of and from any liability for such violation and of
        and
        from any fine, penalty or cost associated therewith.  Nothing herein
        contained shall preclude Lessee from challenging the validity or applicability
        of any such law, ordinance, rule or regulation before any court or tribunal
        having jurisdiction of such contest, provided that Lessee (i) pays all cost,
        expenses, filing fees and attorney and expert witness fees associated with
        such
        contest, (ii) abides by the final judgment of such court or tribunal unless
        Lessee takes a timely appeal therefrom, and (iii) continues to indemnify
        Lessors
        and hold Lessors harmless hereunder.

      4.03.  Following
        the completion of Lessee’s stripping operations under this Lease, Lessee agrees
        to backfill, restore and replant the premises in accordance with all laws,
        ordinances, rules and regulations of the United States of America, the
        Commonwealth of Pennsylvania and any local government unit having jurisdiction
        over the premises.  In order to enable Lessee to fulfill this
        obligation, Lessors agree to grant unto Lessee such rights of ingress, egress
        and regress in, across and from the premises as Lessee may require.

      Article
        V

      Insurance
        - Indemnification

      5.01.  Lessee
        shall, at its sole cost and expense, maintain public liability and property
        damage insurance, which shall include motor vehicle liability, which shall
        insure against any liability to any person, partnership, firm, corporation
        or
        entity, public or private, arising from any activity conducted or condition
        or
        use maintained by Lessee under this Lease.  Such insurance shall have
        minimum limits in the amount of one million dollars ($1,000,000.00), and
        shall
        name Lessors as additional insureds as their interest may
        appear.  Prior to entering upon the premises pursuant to this Lease,
        Lessee shall provide Lessors with a certificate from the insurer that the
        insurance required by this Paragraph is in effect, which certificate shall
        require not less than thirty (30) days’ notice to Lessors in the event of change
        or cancellation of the coverage.

      5.02.  Lessee
        shall, at its sole cost and expense, maintain appropriate workers’ compensation,
        unemployment compensation, Black Lung and other occupational disease insurance
        covering all employees engaged in any activities connected with this
        Lease.  Prior to entering upon the premises pursuant to this Lease,
        Lessee shall provide Lessors with a certificate from the insurer that the
        insurance required by this Paragraph is in effect, which certificate shall
        require not less than thirty (30) days’ notice to Lessors in the event of change
        or cancellation of the coverage.

      5.03.  Lessee
        agrees to indemnify Lessors, and to hold Lessors and their heirs, executors,
        administrators and assigns fully harmless of and from any liability to any
        person, partnership, firm, corporation or entity, public or private, arising
        from any activity conducted or condition or use maintained by Lessee upon
        the
        premises or under this Lease, regardless of whether Lessee is negligent or
        otherwise at fault in causing such injury or damage.

      Article
        VI

      Default
        - Lessors’ Remedies

      6.01.  The
        following shall be acts of default by Lessee hereunder:

      (a)
        Failure to pay when due any advance, minimum or production royalty due pursuant
        to Articles II and III,

      (b)
        Failure to maintain insurance as required by Paragraphs 5.01 and
        5.02,

      (c)
        Violation by Lessee, in connection with its activities upon the premises,
        of any
        applicable federal, state or local law, ordinance, rule or
        regulation.

      6.02.  In
        the event Lessee commits an act of default as defined in Paragraph 6.01,
        Lessors
        may give Lessee notice, directed to the Lessee’s address set forth in Paragraph
        8.03, specifying the particulars of the default.  Lessee shall fully
        correct and remedy the default within thirty (30) days of receipt of the
        notice.

      6.03.  If,
        following receipt of notice of a default, Lessee fails to fully correct and
        remedy the default within the time provided in Paragraph 6.02, Lessors may
        avail
        themselves of the following remedies:

      (a)
        Bring
        an action in any court of competent jurisdiction to recover a money judgment
        for
        any monies owed Lessors by Lessee hereunder, and

      (b)
        Declare this Lease to be terminated and, upon an additional thirty (30) days’
notice to Lessee, bring an action in ejectment in the Court of Common Pleas
        of
        Greene County, Pennsylvania, to obtain judgment in ejectment and to recover
        possession of the premises.

      The
        use
        of either of the remedies set forth in subparagraphs (a) and (b) shall not
        be
        deemed an election of remedies, and shall not preclude Lessors from also
        using
        the other remedy.

      Article
        VII

      Assignment
        - Subletting

      7.01.  Lessee
        shall not assign this Lease, nor sublet the premises or any part thereof,
        without first having received the written consent of Lessors, which consent
        Lessors shall not unreasonably withhold.

      Article
        VIII

      Miscellaneous

      8.01.  This
        Lease shall be governed and construed in accordance with the law of the
        Commonwealth of Pennsylvania.

      8.02.  This
        Lease may be executed in multiple copies, each of which shall have the effect
        of
        an original and all of which together shall be considered the same
        instrument.

      8.03.  Notices
        required to be given by one party to the other shall be given by first class
        mail, postage prepaid, addressed as follows:

      To
        Lessors at:

      Charles
        D. Beckham, 3420 Hazelhurst Ave., Pittsburgh, PA 15227

      Todd
        E.
        Beckham, 100 Randolph Ave., Milton, MA 02186

      

      To
        Lessee
        at:

      One
        World
        Energy Corporation

      2501
        North Green Valley
        Parkway

      Suite
        110

      Henderson,
        Nevada, 89014

      

      8.04.  This
        Lease shall not be recorded in the Office of the Recorder of Deeds of Greene
        County, Pennsylvania, nor in any other office of public record.  The
        parties shall execute, and Lessee may record, a memorandum containing only
        the
        information specified at 21 P.S. Section 405.

      8.05.  Each
        party has had independent legal representation in the negotiation, drafting
        and
        execution of this Lease.  No inference or presumption shall exist in
        favor of or against either party as a result of that party’s attorney’s role in
        the drafting of this Lease.

      8.06.  This
        Lease shall be binding upon, and its benefits shall inure to, the heirs,
        executors, administrators, successors and assigns of Lessors and Lessee;
        provided, however, that this provision shall not be deemed to permit Lessee
        to
        assign this Lease nor sublet the premises in contravention of Paragraph
        7.01.

      INTENDING
        TO BE LEGALLY BOUND, Lessors and Lessee have signed this Lease this day
        and year first above written.

      ___/s/
        Charles D. Beckham__

      Charles
        D. Beckham

      

      ___/s/
        Todd E. Beckham___

      Todd
        E. Beckham

      

      

      One
        World Energy Corporation

      

      By____/s/
        Ash Mascarenhas______

      Ash
        Mascarenhas,
        President

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