0001175710-06-000247 Sample Contracts

PRODUCTION SHARING CONTRACT
Pacific Asia China Energy Inc. • August 31st, 2006

This Annex IV is an integral part of the Contract. The definitions set forth in Article 1 of the Contract are equally applicable to this Annex. If the provisions in this Annex are in conflict with those in the Contract, the provisions in the Contract shall prevail.

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SHARE PURCHASE OPTION AGREEMENT
Share Purchase Option Agreement • August 31st, 2006 • Pacific Asia China Energy Inc.

ASIA CANADA ENERGY CORP., a company incorporated pursuant to the laws of the Province of Alberta, having an office at 810 - 1708 Dolphin Avenue Kelowna, B.C. V6E 2C9

PRODUCTION SHARING CONTRACT FOR EXPLOITATION OF COALBED METHANE RESOURCES IN BAOTIAN-QINGSHAN, GUIZHOU PROVINCE, THE PEOPLE’S REPUBLIC OF CHINA CHINA UNITED COALBED METHANE CORP. LTD., AND ASIACANADA ENERGY INC, ALBERTA BEIJING, CHINA
Sharing Contract • August 31st, 2006 • Pacific Asia China Energy Inc.

This Contract is entered into in Beijing on this day of ______, _____, by and between China United CBM Corporation Ltd. (hereafter abbreviated as "CUCBM"), a company organized and existing under the laws of the People's Republic of China, having its headquarters domiciled in Beijing, the People's Republic of China as one part; and AsiaCanada Energy Inc., ALBERTA, a company organized and existing under the laws of the Province of Alberta, Canada, having its headquarters domiciled in Calgary, Alberta (hereinafter referred to as the "Foreign Contractor" or "Contractor") as the other part.

SHARE EXCHANGE AGREEMENT
PSC Agreement • August 31st, 2006 • Pacific Asia China Energy Inc.

CHINA CANADA ENERGY CORP., a company incorporated pursuant to the laws of the Province of British Columbia, having an office at 810-1708 Dolphin Avenue Kelowna, B.C. V6E 2C9

SHARE EXCHANGE CLOSING AGREEMENT THIS AGREEMENT made as of March 20, 2006
Share Exchange Closing Agreement • August 31st, 2006 • Pacific Asia China Energy Inc. • British Columbia

The Vendors are the registered and beneficial owners of all the issued and outstanding shares in the capital of ASIACANADA ENERGY INC. ("ACE"), being 200 common shares, each with a par value of $1 (the "ACE Shares").

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