exhibit 10. 1 shouyang project coalbed methane purchase and sales contract between china united coalbed methane co., ltd. and shanxi guoxin energy development group co., ltd. june 12, 2010 contents 1. definition 1 2. gas sources 3 3. contract term 3 4. commissioning and stable gas purchase and sales 3 6. quantity, specified procedures and acceptance 4 7. price 5 8. quality 6 9. metering 7 10. settlement 9 11. resale 11 12. tax 11 13. liability and indemnification 11 14. maintenance 14 15. force majeure 15 16. dispute resolution 16 17. applicable law 17 18. transfer 17 19. confidentiality 18 20. communication and liaison 18 21. effectiveness, modification and termination of the contract 19 22. miscellaneous 19 date of signature : june 12, 2010 20 annex a 21 measurements and verification 21 annex b 24 cbm measurement delivery management procedures 24 preface whereas china united coalbed methane co., ltd ( hereinafter referred to as “ seller ” ), a company established under the laws of the people ’ s republic of china, is registered in beijing ; and shanxi guoxin energy development group co. limited ( hereinafter referred to as “ buyer ” ), a company established under the laws of the people ’ s republic of china, is registered in taiyuan city, shanxi province. whereas, seller is a specialized coalbed methane company established and approved by the state council, exploiting coalbed methane resources in shouyang project area in shanxi province ; whereas, shouyang project is a cooperative project of coalbed methane resources exploitation operated according to the “ production sharing contract for the exploitation of coalbed methane resources for the shouyang area in shanxi province, the people ’ s republic of china ” signed by and between china united coalbed methane co., ltd. and far east energy corporation on april 16th, 2002. whereas, buyer is a gas business company specializing in natural gas ( coalbed methane ) pipeline construction and integrated utilization, and willing to purchase the coalbed methane gas produced from the shouyang project ; therefore, the parties hereto, adhering to the principle of fairness, equality and mutual benefit, and after consultation, agree to sign this contract. the parties hereto commit to observe the rights and obligations herein. 1. definition 1. 1. definition the terms used in this contract and with specific meanings are here