Document:

EXHIBIT 10.1

RESTRICTED STOCK AWARD AGREEMENT

                                ACIES CORPORATION

                        RESTRICTED STOCK AWARD AGREEMENT

      This Restricted Stock Award Agreement (the "Agreement") is made as of the
1st day of February, 2006 ("Date of Award"), between Acies Corporation, a Nevada
corporation (the "Company"), and Jeffrey A. Tischler (the "Awardee").

      WHEREAS, the Company desires to award the Awardee a restricted stock award
with respect to shares of the Company's common stock, par value $0.001 per
share (the "Common Stock"), as hereinafter provided;

      NOW, THEREFORE, in consideration of the mutual covenants hereinafter set
forth and for other good and valuable consideration, the parties hereto have
agreed, and do hereby agree, as follows:

      1. Grant. A restricted stock award ("Award") of 1,650,000 shares ("Award
Shares") of Common Stock is hereby granted by the Company to the Awardee subject
to the following terms and conditions.

      2. Transfer Restrictions. Subject to Section 3 below, none of the Award
Shares shall be sold, assigned, pledged or otherwise transferred, voluntarily or
involuntarily, by the Awardee. Award Shares with respect to which the
restrictions set forth in Section 3 of this Agreement have lapsed are referred
to herein as "Vested Shares". For purposes of this Agreement, the term "Shares"
shall refer to both Award Shares and Vested Shares.

      3. Release of Restrictions.

            (a) The restrictions set forth in Section 2 above shall lapse with
respect to 50% of the Award Shares on the Date of Award and with respect to the
remaining 50% of the Award Shares on the annual anniversary date of the Date of
Award such that all restrictions set forth in Section 2 above with respect to
the Award Shares shall have lapsed on the first anniversary of the Date of
Award; provided, however, that the Award Shares shall, to the extent that the
restrictions of Section 2 have not lapsed, be forfeited to the Company upon the
date that the Awardee no longer has an employment or service relationship with
the Company (or any Related Company) unless such employment or service
relationship has terminated due to the death or Disability of the Awardee. For
purposes of this Agreement, the term "Disability" shall mean a mental or
physical impairment of the Awardee that is expected to result in death or that
has lasted or is expected to last for a continuous period of 12 months or more
and that causes the Awardee to be unable, in the opinion of the Company, to
perform his or her duties for the Company or a Related Company and to be engaged
in any substantial gainful activity; and the term "Related Company" shall mean
any entity that, directly or indirectly, is in control of or is controlled by
the Company.

            (b) The restrictions set forth in Section 2 above with respect to
the Award Shares, to the extent they have not lapsed in accordance with
subsection (a) of this Section 3 and to the extent not related to shares which
previously have been forfeited to the Company, also shall lapse upon the
consummation of a Corporate Transaction.

            For purposes of the foregoing, a "Corporate Transaction" means the
consummation of either:

                  (i) a merger or consolidation of the Company with or into any
other corporation, entity or person; or

<PAGE>

                  (ii) a sale, lease, exchange or other transfer in one
transaction or a series of related transactions of all or substantially all the
Company's outstanding securities or all or substantially all the Company's
assets.

                  Notwithstanding the foregoing, a Corporate Transaction shall
not include a Related Party Transaction. A "Related Party Transaction" means (A)
a merger or consolidation of the Company in which the holders of shares of
Common Stock immediately prior to the merger hold at least a majority of the
shares of Common Stock in the successor corporation (or any parent of such
successor corporation) immediately after the merger; (B) a sale, lease, exchange
or other transaction in one transaction or a series of related transactions of
all or substantially all the Company's assets to a wholly-owned subsidiary
corporation; (C) a mere reincorporation of the Company or change in its state of
incorporation; or (D) a transaction undertaken for the sole purpose of creating
a holding company that will be owned in substantially the same proportion by the
persons who held the Company's securities immediately before such transaction.

      4. Effect of Prohibited Transfer. The Company shall not be required to (a)
transfer on its books any Shares that have been sold or transferred in violation
of any of the provisions set forth in this Agreement, or (b) treat as owner of
such Shares or to pay dividends or other distributions to any transferee to whom
any such Shares shall have been so sold or transferred.

      5. Restrictive Legend. All certificates representing Vested Shares shall
have affixed thereto a legend in substantially the following form, in addition
to any other legends that may be required under federal or state securities
laws:

            The shares of stock represented by this certificate are subject to
restrictions on transfer and a market stand-off agreement set forth in a certain
Restricted Stock Award Agreement between the corporation and the registered
owner of this certificate (or his predecessor in interest), and no transfer of
such shares may be made without compliance with that Agreement. A copy of that
Agreement is available for inspection at the office of Acies Corporation upon
appropriate request and without charge.

            The securities represented by this stock certificate have not been
registered under the Securities Act of 1933 (the "Act") or applicable state
securities laws (the "State Acts"), and shall not be sold, pledged,
hypothecated, donated, or otherwise transferred (whether or not for
consideration) by the holder except upon the issuance to the corporation of a
favorable opinion of its counsel and/or submission to the corporation of such
other evidence as may be satisfactory to counsel for the corporation, to the
effect that any such transfer shall not be in violation of the Act and the State
Acts."

      6. Investment Representations. Awardee understands that (i) the Shares
have not been registered under the Securities Act and are "restricted
securities" within the meaning of Rule 144 under the Securities Act; (ii) the
Shares cannot be sold, transferred or otherwise disposed of unless they are
subsequently registered under the Securities Act or an exemption from
registration is then available; (iii) in any event, the exemption from
registration under Rule 144 will not be available for at least one year and even
then will not be available unless a public market then exists for the Common
Stock, adequate information concerning the Company is then available to the
public, and other terms and conditions of Rule 144 are met; and (iv) there is
now no registration statement on file with the Securities and Exchange
Commission with respect to any stock of the Company and the Company has no
obligation or current intention to register the Shares under the Securities Act.

      7. Market Stand-Off. Following the effective date of a registration
statement of the Company filed under the Securities Act, the Awardee, for the
duration specified by and to the extent requested by the Company and an
underwriter of Common Stock or other securities of the Company, shall not
directly or indirectly sell, offer to sell, contract to sell (including, without
limitation, any short sale), grant any option to purchase, or otherwise transfer
or dispose of (other than to a donee who agrees to be similarly bound) any
securities of the Company held by the Awardee at any time during such period
except Common Stock (or other securities) included in such registration,
provided however, that all officers and directors of the Company and all persons
with registration rights with respect to the Company's capital stock enter into
similar agreements.

<PAGE>

      8. Invalidity or Unenforceability. It is the intention of the Company and
the Awardee that this Agreement shall be enforceable to the fullest extent
allowed by law. In the event that a court having jurisdiction holds any
provision of this Agreement to be invalid or unenforceable, in whole or in part,
the Company and the Awardee agree that, if allowed by law, that provision shall
be reduced to the degree necessary to render it valid and enforceable without
affecting the rest of this Agreement.

      9. Waiver. No delay or omission by the Company in exercising any right
under this Agreement shall operate as a waiver of that or any other right. A
waiver or consent given by the Company on any one occasion shall be effective
only in that instance and shall not be construed as a bar or waiver of any right
on any other occasion.

      10. Rights as Stockholder. The Awardee shall be entitled to all of the
rights of a stockholder with respect to the Shares including the right to vote
such Shares and to receive dividends and other distributions payable with
respect to such shares since the Date of Award.

      11. Custody of Share Certificates. Certificates for Award Shares shall be
issued in the Awardee's name and shall be held in the custody of the Company
until the restrictions with respect thereto lapse or such Shares are forfeited.
A certificate or certificates representing the Vested Shares as to which
restrictions have lapsed shall be delivered to the Awardee upon such lapse. This
Award is conditioned upon the Awardee endorsing in blank a stock power for the
Award Shares in the form of Exhibit A, such stock power to be held by the
Company until all Award Shares have become Vested Shares or have been forfeited.

      12. Government Regulations. Notwithstanding anything contained herein to
the contrary, the Company's obligation to issue or deliver certificates
evidencing the Vested Shares shall be subject to all applicable laws, rules and
regulations and to such approvals by any governmental agencies or national
securities exchanges as may be required.

      13. Section 83(b) Election. The Awardee hereby acknowledges that the
Awardee has been informed that, with respect to the Restricted Shares, the
Awardee may file an election with the Internal Revenue Service, within 30 days
of the issuance of the Restricted Shares, electing pursuant to Section 83(b) of
the Internal Revenue Code of 1986, as amended, (the "Code") to be taxed
currently on any difference between the purchase price of the Restricted Shares
and their fair market value on the date of purchase. Absent such an election,
taxable income will be measured and recognized by the Awardee at the time or
times at which the forfeiture restrictions on the Restricted Shares lapse. The
Awardee is strongly encouraged to seek the advice of his own tax consultants in
connection with the issuance of the Restricted Shares and the advisability of
filing of the election under Section 83(b) of the Code. A form of Election under
Section 83(b) is attached hereto as Exhibit B for reference.

THE AWARDEE ACKNOWLEDGES THAT IT IS NOT THE COMPANY'S, BUT RATHER THE AWARDEE'S
SOLE RESPONSIBILITY TO FILE THE ELECTION UNDER SECTION 83(b) TIMELY.

      14. Withholding Taxes. The Company shall have the right to require the
Awardee to remit to the Company, or to withhold from amounts payable to the
Awardee, as compensation or otherwise, an amount sufficient to satisfy all
federal, state and local withholding tax requirements (including, without
limitation, any tax resulting from (i) the expiration of restrictions set forth
hereunder that are applicable to any particular Restricted Shares or (ii) an
election made by the Awardee under Section 83(b) of the Code).

      15. Awardee Representations. (a) The Awardee has reviewed with his own tax
advisors the federal, state, local and foreign tax consequences of the
transactions contemplated by this Agreement. The Awardee is relying solely on
such advisors and not on any statements or representations of the Company or any
of its agents, if any, made to the Awardee. The Awardee understands that the
Awardee (and not the Company) shall be responsible for the Awardee's own tax
liability arising as a result of the transactions contemplated by this
Agreement.

<PAGE>

            (b) Circular 230 Disclaimer: Nothing contained in this discussion of
certain federal income tax considerations is intended or written to be used, and
cannot be used, for the purpose of (i) avoiding tax-related penalties under the
Internal Revenue Code or (ii) promoting, marketing, or recommending to another
party any transactions or tax-related matters addressed herein.

      16. Employment. Neither this Agreement nor any action taken hereunder
shall be construed as giving the Awardee any right of continuing employment by
the Company.

      17. Governing Law. This Agreement shall be construed under the laws of the
State of Nevada, without regard to choice of law principles.

      18. Other Agreements. This Agreement constitutes the entire understanding
between Awardee and the Company relatng to the Award and any prior agreements,
commitments, understandings and/or negatiations concerning this Award are hereby
superseded. This Agreement may only be amended by written agreement between the
Awardee and the Company.

      IN WITNESS WHEREOF, the Company has caused this Award to be granted on the
date first above written.

                                               ACIES CORPORATION

                                               By:/s/ Oleg Firer
                                                  --------------
                                               Name:  Oleg Firer
                                               Title: Chief Executive Officer

Accepted:
Awardee

/s/ Jeffrey A. Tischler
-----------------------
Jeffrey A. Tischler
Chief Financial OfficerINVESTMENT AGREEMENT

     THIS INVESTMENT AGREEMENT (this "Agreement"), dated as of February 8, 2006,
is made by and among BARNABUS ENERGY, INC., a Nevada corporation (the
"Company"), and the purchasers listed on the signature page hereto (each a
"Purchaser" and collectively the "Purchasers").

                                    RECITALS

     WHEREAS, on the terms and subject to the conditions set forth in this
Agreement, the Company desires to issue and sell the Purchased Securities to the
Purchasers; and

     WHEREAS, subject to the terms and conditions set forth in this Agreement,
the Purchasers wish to acquire the Purchased Securities;

     NOW, THEREFORE, in consideration of the premises and the mutual covenants
contained in this Agreement, the parties agree as follows:

                                    ARTICLE I

                                   DEFINITIONS

     For all purposes of this Agreement the following terms have the meanings
set forth in this Article I.

     "Business Day" means any day other than a Saturday, Sunday or other day on
which commercial banks in the State of California are authorized or required by
law or executive order to close.

     "Charter" means the articles or certificate of incorporation or formation,
statute, constitution, joint venture or partnership agreement, limited liability
company agreement or articles or other organizational document of any Person
other than an individual, each as from time to time amended or modified.

     "Closing" has the meaning specified in Section 2.2.

     "Closing Date" has the meaning specified in Section 2.2.

     "Common Stock" means the common stock of the Company, par value $0.001 per
share, and any securities into which such common stock may hereafter be
converted or reclassified.

     "Company" has the meaning specified in the introduction to this Agreement.

     "Debentures" means an aggregate of $5 million in principal amount of 0%
30-month subordinated debentures in substantially the form set forth on Exhibit
A-I issued to the respective Purchasers in the respective principal amounts set
forth opposite each such Purchaser's name on the signature page hereto.

     "Exchange Act" means the Securities Exchange Act of 1934, as amended.

<PAGE>

     "Person" means an individual, partnership, corporation, limited liability
company, association, trust, joint venture, unincorporated organization or other
entity and any government, governmental department or agency or political
subdivision thereof.

     "Purchased Securities" means the Debentures and the Warrants.

     "Purchaser" and "Purchasers" has the meaning specified in introduction to
this Agreement.

     "Registration Rights Agreement" means that certain Registration Rights
Agreement of even date herewith by and between the Company and the Purchasers,
substantially in the form set forth on Exhibit A-III.

     "Securities Act" means the United States Securities Act of 1933, as
amended.

     "Warrants" means warrants to purchase shares of Common Stock in
substantially the form set forth on Exhibit A-II issued to the respective
Purchasers in the respective l amounts set forth opposite each such Purchaser's
name on the signature page hereto.

                                   ARTICLE II

                    SALE AND PURCHASE OF PURCHASED SECURITIES

     SECTION 2.1.  Investment Transactions.

         (a) Sale and Purchase of the Purchased Securities. For value received,
and on the terms and subject to all of the conditions set forth herein, at the
Closing, the Company shall issue and sell to the Purchasers, and the Purchasers
shall purchase, the Purchased Securities in exchange for a payment to the
Company at the Closing of FIVE MILLION DOLLARS ($5,000,000.00), less fees
payable under Section 2.3..

         (b) Deliveries. At the Closing, the Company shall deliver to the
Purchasers the following:

                  (i) the Debentures, duly executed by the Company; and

                  (ii) the Warrants duly executed by the Company;

and the Purchasers shall deliver to the Company the aggregate sum of FIVE
MILLION DOLLARS ($5,000,000.00) less fees payable under Section 2.3 by wire
transfer in immediately available funds to an account designated by the Company
to the Purchasers.

     SECTION 2.2. Closing. The closing of the purchase and sale of Purchased
Securities (the "Closing") hereunder shall take place remotely by means of mail,
facsimile and electronic mail (with originally executed documents to be
exchanged immediately thereafter). The Closing shall be held on February 8, 2006
or on such other date as may be agreed to by the Purchasers and the Company (the
"Closing Date"). At the Closing, (i) the Company shall issue, sell and deliver
to each Purchaser the Purchased Securities to be issued to such Purchaser at
such Closing by executing one or more Debentures and Warrants that in the
aggregate represent such Purchased Securities, a copy of this Agreement and of
the Registration Rights Agreement, sending a copy of the executed signature page
of a copy of such Purchased Securities, this Agreement and the Registration
Rights Agreement to each such Purchaser by facsimile at the number provided by
such Purchaser for such purpose and placing executed copies of such executed
Purchased Securities, this Agreement and the Registration Rights Agreement in
the hands of a reputable private delivery service for delivery to such
Purchaser, and (ii) each such Purchaser shall pay the aggregate purchase price
therefor by instructing counsel to wire transfer immediately available funds to
an account designated in writing by the Company, shall execute the signature
page to this Agreement and the Registration Rights Agreement and send the same
by facsimile to the Company at (858) 794-8811 in the United States of America
and shall place such executed signature pages in the hands of a reputable
private delivery service for delivery to the Company.

                                      -2-
<PAGE>

SECTION 2.3. Attorneys Fees. The Purchasers and the Company acknowledge that the
Purchasers' counsel will deduct, prior to forwarding the $5,000,000 to the
Company pursuant to Section 2.1(b), outstanding fees to a maximum of $25,000.

                                   ARTICLE III

                  REPRESENTATIONS AND WARRANTIES OF THE COMPANY

     In order to induce the Purchasers to enter into this Agreement and to
induce the Purchasers to purchase the Purchased Securities, the Company hereby
represents and warrants, as of the date hereof and as each Closing Date, that:

     SECTION 3.1. Organization and Good Standing. The Company is duly organized,
validly existing and in good standing in its jurisdiction of organization and is
duly qualified and authorized to do business in all other jurisdictions in which
the nature of its business or property makes such qualification necessary. The
Company has the power to own its properties and to carry on its business as now
conducted and as proposed to be conducted.

     SECTION 3.2. Authorization. The execution, delivery and performance by the
Company of this Agreement, the Registration Rights Agreement, and the issuance
and sale by the Company of the Purchased Securities hereunder: (a) are within
the Company's power and authority; (b) have been duly authorized by all
necessary corporate and other proceedings; (c) has been duly executed and
delivered by an authorized officer of the Company; and (d) do not and will not
result in the creation of any lien upon any of the Company's property or
conflict with or result in any breach of any provision of the Company's Charter,
or any law, regulation, order, judgment, writ, injunction, license, permit,
agreement or instrument to which the Company is subject.

     SECTION 3.3. Enforceability. The execution and delivery by the Company of
this Agreement, the Registration Rights Agreement, and the issuance and sale by
the Company of the Purchased Securities hereunder, will result in legally
binding obligations of the Company, enforceable against it in accordance with
the respective terms and provisions hereof and thereof except (i) as limited by
applicable bankruptcy, insolvency, reorganization, moratorium, and other laws of
general application affecting enforcement of creditors' rights generally, (ii)
as limited by laws relating to the availability of specific performance,
injunctive relief or other equitable remedies, and (iii) to the extent the
indemnification provisions contained in this Agreement and/or in the
Registration Rights Agreement may be limited by applicable federal or state
securities laws.

                                      -3-
<PAGE>

     SECTION 3.4. SEC Reports. The Company has filed all reports required to be
filed by it under the Securities Act and the Exchange Act, including pursuant to
Section 13(a) or 15(d) thereof, for the year preceding the date hereof (the
foregoing reports, including the exhibits thereto, being collectively referred
to herein as the "SEC Reports"). As of their respective dates, the SEC Reports
complied in all material respects with the requirements of the Securities Act
and the Exchange Act and the rules and regulations of the U.S. Securities
Exchange Commission promulgated thereunder, and none of the SEC Reports, when
filed, contained any untrue statement of a material fact or omitted to state a
material fact required to be stated therein or necessary in order to make the
statements therein, in light of the circumstances under which they were made,
not misleading.

                                   ARTICLE IV

                       REPRESENTATIONS OF THE PURCHASERS

     SECTION 4.1. Investment Intent. Each Purchaser hereby represents, warrants
and covenants to the Company that such Purchaser will acquire the Purchased
Securities to be purchased by the Purchaser hereunder (and the securities
received upon exercise or conversion thereof) for investment only for the
Purchaser's own account, not as a nominee or agent and not with a view to the
sale or distribution of any part thereof. The Purchaser hereby agrees that it
will not transfer the Purchased Securities or any securities received upon
conversion or exercise thereof in a manner that will violate the Securities Act.

     SECTION 4.2. Authorization. Each Purchaser hereby represents and warrants
to the Company that each of this Agreement and the Registration Rights Agreement
has been executed by a duly authorized Person on its behalf; and its execution,
delivery and performance hereof have been duly authorized by all appropriate
action and do not and will not conflict with or result in any breach of any
provision of any law, regulation, order, judgment, writ, injunction, license,
permit, agreement or instrument to which it is subject.

     SECTION 4.3. Enforceability. Each Purchaser hereby represents and warrants
that the execution and delivery by it of this Agreement and the Registration
Rights Agreement will result in legally binding obligations of it enforceable
against it in accordance with the respective terms and provisions hereof and
thereof except (i) as limited by applicable bankruptcy, insolvency,
reorganization, moratorium, and other laws of general application affecting
enforcement of creditors' rights generally, (ii) as limited by laws relating to
the availability of specific performance, injunctive relief or other equitable
remedies, and (iii) to the extent the indemnification provisions contained in
the Registration Rights Agreement may be limited by applicable federal or state
securities laws.

     SECTION 4.4. Exemption. Each Purchaser understands that the Purchased
Securities and any securities received upon exercise or conversion of the
Purchased Securities are not registered under the Securities Act on the grounds
that the sale provided for in this Agreement and the issuance of securities
hereunder is exempt from registration under the Securities Act pursuant to
section 4(2) thereof and Regulation S thereunder, and that the Company's
reliance on such exemptions is predicated on the Purchaser's representations set
forth herein.

                                      -4-
<PAGE>

     SECTION 4.5. Experience. Each Purchaser represents that it has substantial
experience in evaluating and investing in private placement transactions of
securities in companies similar to the Company, is familiar with the risks
associated with the business and operations of the Company, has such knowledge
and experience in financial and business matters as to be capable of evaluating
the merits and risks of its investment, and has the ability to bear the economic
risks of its investment for an indefinite period of time, including the risk of
a complete loss of the Purchaser's investment in the Purchased Securities. The
Purchaser represents that it has had, during the course of the transaction and
prior to the purchase of the Purchased Securities, the opportunity to request
information from and ask questions of the Company and its officers, employees
and agents, concerning the Company, its assets, business and operations and to
receive information and answers to such requests and questions.

     SECTION 4.6. Restricted Securities. The Purchaser understands that the
Purchased Securities and any securities received upon exercise or conversion
thereof are "restricted securities" under the U.S. federal securities laws
inasmuch as they are being acquired from the Company in a transaction not
involving a public offering and that under such laws and applicable regulations
the Purchased Securities and any securities received upon exercise or conversion
thereof may be resold without registration under the Securities Act only in
certain limited circumstances. The Purchaser acknowledges that the Purchased
Securities and any securities received upon exercise or conversion thereof must
be held indefinitely unless subsequently registered under the Securities Act and
under applicable state securities laws or an exemption from such registration is
available. The Purchaser acknowledges that each certificate representing the
Purchased Securities or any securities issuable upon exercise or conversion
thereof shall bear a legend substantially in the following form:

     "THE SECURITY REPRESENTED BY THIS CERTIFICATE HAVE BEEN ACQUIRED FOR
INVESTMENT AND HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933. SUCH
SHARES MAY NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION IN
EFFECT UNDER SUCH ACT UNLESS THE COMPANY RECEIVES AN OPINION OF COUNSEL OR OTHER
EVIDENCE REASONABLY ACCEPTABLE TO IT DEMONSTRATING THAT SUCH SALE OR TRANSFER IS
EXEMPT FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS OF SAID ACT OR
UNLESS SOLD PURSUANT TO RULE 144 OF SUCH ACT.

     The foregoing legend shall be removed from the certificates representing
any Purchased Securities, at the request of the holder thereof, at such time as
(i) they become eligible for resale pursuant to an effective registration
statement or Rule 144(k) under the Securities Act or (ii) the Company shall have
received an opinion of counsel or other evidence reasonably acceptable to the
Company to the effect that any transfer of the Purchased Securities represented
by such certificates or the securities issued upon conversion or exercise
thereof will not violate the Securities Act and applicable state securities
laws.

                                      -5-
<PAGE>

     SECTION 4.7. Further Limitations on Disposition. Without in any way
limiting the representations set forth above, Purchaser will not to make any
disposition of all or any portion of the Purchaser's Purchased Securities and
any securities received upon exercise or conversion thereof unless and until one
of the following conditions have been satisfied:

         (i) There is then in effect a Registration Statement under the
Securities Act covering the shares intended to be disposed of, and such
disposition is made in accordance with such Registration Statement; or

         (ii) The Purchaser shall have notified the Company of the proposed
disposition and shall have furnished the Company with a reasonably detailed
statement of the circumstances surrounding the proposed disposition, and if
reasonably requested by the Company, the Purchaser shall have furnished the
Company with an opinion of counsel, reasonably satisfactory to the Company to
the effect that such disposition will not require registration under the
Securities Act, or the Purchaser shall have otherwise sold such shares pursuant
to Rule 144 under the Securities Act.

      SECTION 4.8. Accredited Investor. Each Purchaser hereby represents and
warrants that:

         (i) such Purchaser is an accredited investor as defined in Rule 501(a)
of Regulation D promulgated under the Securities Act or

         (ii) (A) such Purchaser (if a natural person) is NOT a resident of the
United States of America or any State of the United States, or territory or
possession of the United States, or the District of Columbia (collectively, the
"USA") and is NOT purchasing or considering purchasing the Securities for the
account or benefit of a resident of the USA, or (B) such Purchaser (if not a
natural person) is NOT organized or incorporated under the laws of the United
States of America or any State of the United States, or territory or possession
of the United States, or the District of Columbia (collectively, the "USA"), and
is NOT organized by a natural person resident in the USA, or by a partnership or
corporation organized under the laws of the USA, or by any estate governed under
USA law of which any executor or administrator is a resident or organized under
the laws of the USA, or by any trust of which any trustee is a resident or
organized under the laws of the USA.

     SECTION 4.9. Brokers or Finders. The Purchaser hereby represents that it
has not taken any action that would result in the Company incurring any
liability for brokerage or finders' fees or agents' commissions for any similar
charges in connection with the transactions contemplated by this Agreement.

     SECTION 4.10. Purchase for Own Account. The Purchased Securities acquired
by each Purchaser, and any securities acquired upon exercise or conversion of
the same, will be acquired by such Purchaser for such Purchaser's own account,
not as a nominee or agent, and not with a view to or in connection with the sale
or distribution of any part thereof.

                                      -6-
<PAGE>

                                    ARTICLE V

 CONDITIONS TO THE PURCHASER'S OBLIGATIONS TO PURCHASE THE INITIAL OR REQUESTED
                                     SHARES

     The Purchaser's obligation to purchase Purchased Securities pursuant to
Section 2.1 of this Agreement is subject to compliance by the Company with its
agreements and representations herein contained, and to the satisfaction, on or
prior to the applicable Closing Date, of the following conditions (except to the
extent any such conditions may be waived in writing by a particular Purchaser):

     SECTION 5.1. Representations and Warranties. The Company's representations
and warranties contained in Article III hereof shall be true and correct in all
material respects on and as of the Closing Date with the same force and effect
as though made on and as of the Closing Date and the Company shall have
performed and complied with all conditions and agreements required to be
performed or complied with by each of them prior to the Closing.

     SECTION 5.2. Legality; Governmental and Other Authorizations. The purchase
of the Purchased Securities to be acquired on such Closing Date by the
Purchasers shall not be prohibited by any law or governmental order or
regulation, and shall not subject the Purchasers to any penalty, special tax or
other onerous condition. All necessary consents, approvals, licenses, permits,
orders and authorizations of, or registrations, declarations and filings with,
any governmental or administrative agency or of or with any other Person, with
respect to any of the transactions contemplated by this Agreement shall have
been duly obtained or made and shall be in full force and effect other than any
applicable state securities law or blue sky filings.

                                   ARTICLE VI

                     CONDITIONS TO THE COMPANY'S OBLIGATIONS

     The Company's obligation to sell and issue the Purchased Securities
pursuant to this Agreement is subject to compliance by the Purchaser with the
agreements herein contained, and to the satisfaction on or prior to the
applicable Closing Date, of the following conditions:

     SECTION 6.1. Representations. The representations made by the Purchasers in
Article IV hereof shall be true and correct in all material respects on and as
of the Closing Date with the same force and effect as though made on and as of
the Closing Date.

     SECTION 6.2. Legality; Governmental and Other Authorizations. The issuance
and sale of the Purchased Securities by the Company at such Closing shall not be
prohibited by any law or governmental order or regulation, and shall not subject
the Company to any penalty, special tax, or other onerous condition. All
necessary consents, approvals, licenses, permits, orders and authorizations of,
or registrations, declarations and filings with, any governmental or
administrative agency or of or with any other Person, with respect to any of the
transactions contemplated by this Agreement shall have been duly obtained or
made and shall be in full force and effect other than any applicable state
securities law or blue sky filings.

                                   ARTICLE VII

                                  MISCELLANEOUS

     SECTION 7.1. Notices. All demands, notices, requests, consents and other
communications required or permitted under this Agreement shall be in writing
and shall be personally delivered or sent by facsimile machine (with a
confirmation copy sent by one of the other methods authorized in this Section),
commercial (including FedEx) or U.S. Postal Service overnight delivery service,
or, deposited with the U.S. Postal Service mailed first class, registered or
certified mail, postage prepaid, as set forth below:

                                      -7-
<PAGE>

     If to the Company, addressed to:

         David Saltman
         President and CEO
         Barnabus Energy, Inc.
         514 Via De La Valle
         Suite 200
         Solana Beach, CA  92075
         Fax:     (858) 794-8811

     with a copy to:

         Edwards Angell Palmer & Dodge LLP
         750 Lexington Avenue
         New York, NY  10022
         Attention:  D. Roger Glenn
         Fax:     (212) 308-4844

     If to Purchasers at the addresses set forth on the signature page hereto.

Notices shall be deemed given upon the earlier to occur of (i) receipt by the
party to whom such notice is directed; (ii) if sent by facsimile machine, on the
day (other than a Saturday, Sunday or legal holiday in the jurisdiction to which
such notice is directed) such notice is sent if sent (as evidenced by the
facsimile confirmed receipt) prior to 5:00 p.m. Eastern Time and, if sent after
5:00 p.m. Eastern Time, on the day (other than a Saturday, Sunday or legal
holiday in the jurisdiction to which such notice is directed) after which such
notice is sent; (iii) on the first business day (other than a Saturday, Sunday
or legal holiday in the jurisdiction to which such notice is directed) following
the day the same is deposited with the commercial carrier if sent by commercial
overnight delivery service; or (iv) the fifth day (other than a Saturday, Sunday
or legal holiday in the jurisdiction to which such notice is directed) following
deposit thereof with the U.S. Postal Service as aforesaid. Each party, by notice
duly given in accordance therewith may specify a different address for the
giving of any notice hereunder.

     SECTION 7.2. Amendments and Waivers, Joinder. Except as otherwise expressly
provided herein, any term of this Agreement may be amended only with the written
consent of the Company and the Purchaser. Any amendment or waiver effected in
accordance with this Section shall be binding upon the Company and each holder
of any Purchased Securities sold pursuant to this Agreement.

     SECTION 7.3. WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY
VOLUNTARILY AND IRREVOCABLY WAIVES TRIAL BY JURY IN ANY ACTION OR OTHER
PROCEEDING BROUGHT IN CONNECTION WITH THIS AGREEMENT, ANY OF THE RELATED
AGREEMENTS OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY.

                                      -8-
<PAGE>

     SECTION 7.4. Counterparts. This Agreement may be executed in any number of
counterparts, each of which will be deemed an original and all of which will
constitute one and the same agreement.

     SECTION 7.5. Entire Agreement. This Agreement and the other writings
referred to herein or delivered pursuant hereto which form a part hereof contain
the entire agreement and understanding of the parties hereto with respect to the
subject matter hereof. This Agreement supersedes all prior and contemporaneous
discussions, agreements and understandings related to said subject matter.

     SECTION 7.6. Survival of Representations and Warranties, etc. All
representations and warranties contained herein shall survive until 12 months
from the date hereof.

     SECTION 7.7. Assignment. All of the terms and provisions of this Agreement
shall be binding upon and inure to the benefit of and be enforceable by the
respective successors and assigns of the parties hereto, whether so expressed or
not, and, in particular, shall inure to the benefit of and be enforceable by the
holder or holders at the time of any of the Purchased Securities.

     SECTION 7.8. Governing Law. This Agreement shall be governed by the laws of
the State of Nevada, without regard to the conflicts of law provisions
thereunder.

     SECTION 7.9. Fees and Expenses of Counsel. At the Closing, the Company
shall pay up to $25,000 of bona fide expenses, including legal fees, incurred by
the Purchasers upon delivery by the Purchasers to the Company of appropriate and
customary documentation thereof.

                  [remainder of page intentionally left blank]

                                      -9-
<PAGE>

     IN WITNESS WHEREOF, this Agreement is executed and delivered as of the date
first written above by the undersigned who hereby agrees to be bound by the
terms and provisions set forth in the Agreement.

                                      BARNABUS ENERGY, INC.

                                           By:
                                               ---------------------------------
                                               Name:  David Saltman
                                               Title:  President and CEO

                                      PURCHASERS

                                      ------------------------------------
                                      Name:  Coach Capital LLC

                                      Address: EPS - D (2016)
                                      P.O. Box 02-5548
                                      Miami, FL 33102

                                      Fax number:  (702) 973-1853
                                      Amount of investment:  $1,500,000
                                      Number of Warrants:  672,646

<PAGE>

                                   EXHIBIT A-I

                                Form of Debenture

<PAGE>

                                  EXHIBIT A-II

                                 Form of Warrant

<PAGE>

                                  EXHIBIT A-III

                      Form of Registration Rights Agreement

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