exhibit 10. 1 addendum no 5 to the contract no 482 dated june 09, 2000 for exploration of hydrocarbon material on aksaz - dolinnoe - emir block, in tyubkaragan region of mangystau oblast in compliance with the license of series ai no 1552 ( oil ) issued april 30, 1999 between the ministry of energy and mineral resources of the republic of kazakhstan, ( competent body ) and limited liability partnership emir oil ( contractor ) astana, 2008 this addendum # 5 to the contract no 482 dated june 09, 2000 for exploration of hydrocarbon material on aksaz - dolinnoe - emir block, located in tyubkaragan region of mangystau oblast was signed on 24th of june of the year 2008 between the ministry of energy and mineral resources, hereinafter referred to as “ competent body ”, and emir oil limited liability partnership, hereinafter referred to as “ contractor ”. preamble due to the fact that : - contractor addressed the competent body with a request to extend exploration period under the contract, the competent body made a decision to extend the exploration period for estimation and commercial discovery till january 9, 2013, provided that emir oil llp assumes additional financial commitments under the working program for the period of extension ( minutes no 3 of february 08, 2008 and no 6 of april 08, 2008 ). competent body and contractor agree on the following : paragraph 3. 4. of section 3 “ contract term ” to be amended as follows : “ contract term in view of the extension of exploration period for estimation and commercial discovery expires on january 9, 2013 ”. section 7 “ working program ” to be amended by adding paragraph 7. 1. 2. as follows : “ 7. 1. 2. the amount of investments under the working program of the period of extension for commercial evaluation is $ 44 440 000 ( forty four million four hundred and forty thousand usd ) and comprised of the following cost and physical parameters : addendum to the main working program under the contract # 482 dated june 9, 2000. № types of operations 2009 half year ( july - december ) 2010 2011 2012 cost of operations, thousand $ 1 addendum to the exploration project number of projects thousand usd 1 15 1 15 2 30 2 addendum to the exploratory drilling construction project number of projects thousand usd 1 25 1 25 2 50 3 test production project number of