Item 1.01 Entry into a Material Definitive Agreement.

On July 09, 2009, the Board of Directors of Lions Petroleum, Inc (the "Company") approved a Consulting Agreement between Company, Jianhua Liu and Jiandong Liu ("Consultants"). Under the Consulting Agreement, Consultants shall provide consulting services to Company to seek opportunities for Company to acquire operating business in the areas of e-commerce, network services and high-tech development in the People's Republic of China. Company will issue 11,000,000 and 2,200,000 shares of common stock to Jianhua Liu and Jiandong Liu, respectively, as consideration for their services.