Exhibit 10.1 





EMPLOYMENT AGREEMENT 



        THIS
EMPLOYMENT AGREEMENT (the “Agreement”), effective as of the
1st day of March 2009, is between New Frontier Energy, Inc., a Colorado
corporation with its principal place of business located at 1789 W. Littleton Blvd.,
Littleton, Colorado 80120 (the “Company”), and Paul Laird (the
“Employee”). 



RECITALS 



     	A.	
          The Company desires to be assured of the association and services of Employee
          for the Company for the term of this Agreement. 


          



     	B.	
          Employee is willing and desires to be employed by the Company, and the Company
          is willing to employ Employee, upon the terms, covenants and conditions
          hereinafter set forth. 


          



     	C.	
          The Employee and the Company wish to cancel the employment agreement dated July
          1, 2008 in its entirety and substitute this Agreement. 


          



NOW THEREFORE, in consideration of
the Recitals and the mutual covenants, promises, agreements, representations and
warranties contained in this Agreement, the parties hereby accept employment on the terms
and conditions hereinafter set forth. 



1. Employment 



The Company hereby employs Employee
as its  President and Chief Executive Officer of the Company. 



2. Term 



The term of this Agreement shall be for
a period of ten (10) months effective as of March 1, 2009 and ending on December 31,
2009 (the “Initial Term”), unless terminated earlier pursuant to Section
8 below; provided, however, that Employee’s obligations in Section 10 below
shall continue in effect after such termination. This Agreement shall be automatically
renewed for successive one-year periods (the “Renewal Term”) unless, at
least 60 days prior to the expiration of the Initial Term or any Renewal Term, either
party gives written notice to the other party specifically electing to terminate this
Agreement at the end of the Initial Term or any such Renewal Term, or the Agreement is
otherwise terminated pursuant to Section 8 below. 














3.          Compensation 



	 	a) 	Base
Salary. For all services rendered by Employee under this Agreement,           the
Company shall pay Employee a base salary at the rate of One Hundred Sixty
          Thousand Dollars ($160,000) per year (the “Base Salary”). The
          Base Salary shall be payable in equal, consecutive monthly installments.
Payment           of the Salary shall be subject to the customary withholding tax and
other           employment taxes as required, with respect to compensation paid by a
corporation           to an employee. Furthermore, the Base Salary shall be increased,
effective on           the 1st day of January of each year, beginning on
January 1, 2010,           for increases in the cost of living, based either on (i)
inflation as measured           by the federal Consumer Price Index (“CPI”), or
(ii) Six Thousand           Dollars ($6,000) per year, whichever is greater. To determine
the amount of the           increase in Base Salary using the CPI method, the Base Salary
shall be           multiplied by a fraction, the numerator of which shall be the CPI most
recently           published on the month immediately preceding the date of the Base
Salary           adjustment, and the denominator of which shall be the CPI in effect on
the last           day in June of the immediately preceding year. The term “Base
Salary”          as used herein shall refer to the Base Salary, as adjusted.  






	 	b) 	Bonus.
In addition to the Base Salary, the Company shall pay Employee           such Bonus or
Bonuses as the Board of Directors shall determine in their sole           discretion.  






4.          Reimbursement 



The Employee is authorized to incur
reasonable expenses for promoting the business of the Company, including his out-of-pocket
expenses for entertainment, travel and similar items. The Company shall reimburse the
Employee for all such expenses upon presentation by the Employee, within 5 business days
after presenting, of an itemized account of such expenditures in accordance with the
guidelines set forth by the Internal Revenue Service for travel and entertainment. 



5. Duties  



Employee is engaged as the President and
Chief Executive  Officer of the Company.  Employee’s duties shall
include,  but not be  limited  to those  duties  that are  generally  associated  with  the  positions  of
President and Chief Executive  Officer of the Company,  and any such other duties as from time to time may
be assigned to him by the Board of Directors.
 



6. Benefits  



The Employee shall be entitled to
receive any and all health, insurance, disability or any other benefit, if and when a plan
is adopted by the Board of Directors for the benefit of its employees. 



2 













7. Vacation  



The Employee shall be entitled thirty
(30) days of paid vacation each year (i.e., 6 weeks), and to be paid for each United
States public holiday that occurs during the business week, (i.e., Monday through Friday).
Employee’s compensation shall be paid in full during his vacation and for each public
holiday. Employee may, at his option, carry-over unused vacation days to subsequent years
with the consent of the Board of Directors, which shall not be unreasonably withheld. 



8.                Termination and
Bases for Termination 



          	 	a) 	
               Termination by Mutual Agreement:   Employee’s employment hereunder may
               be terminated at any time by mutual agreement of the parties. 


               



          	 	b) 	
               Death:   Upon death of the Employee, the Company will pay to the
               Employee’s estate all previously earned, accrued and unpaid wages. 


               



          	 	c) 	
               Disability:   Subject to any state or federal law or regulation governing
               employees with disabilities, the Company may terminate this Agreement and
               Employee’s employment upon the Disability of Employee by giving Employee
               ten (10) days prior written notice of termination. For purposes of this Section
               8(c) “Disability” shall mean that Employee, due to illness, accident,
               or other physical or mental incapacity, has been substantially unable to perform
               his duties under this Agreement for a continuous period of three (3) months.
               Disability shall be interpreted in accordance with the Company’s long
               term disability plan. In the event Employee is terminated under this Section
               8(c), Company will pay Employee all previously earned, accrued and unpaid wages. 


               



          	 	d) 	
               Termination by Company: 


               



	 	i.  	With
Cause:   Employee’s employment may be terminated by the Company “with
cause,”effective upon delivery of written notice to                Employee
given at any time (without any necessity for prior notice) if any of                the
following shall occur: (1) any action by Employee which would be grounds for
               termination under applicable law; (2) any material breach of Employee’s
               obligations under this Agreement other than any such breach resulting from
               illness or incapacity or (3) any material acts or events which inhibit
Employee                from fully performing his responsibilities to the Company in good
faith. Cause                shall be limited to (i) acts and omissions that take place
during the pendency                of this Agreement; or (ii) acts or omissions that have
taken place prior to this                Agreement but were not known to the Board of
Directors as of the date of this                Agreement.  






3 













	 	ii. 	Without
Cause:   Employee’s employment may be terminated by the           Company “without
cause” (for any reason or no reason at all) at any           time by giving Employee
fifteen (15) days prior written notice of termination,           which termination shall
be effective on the fifteenth (15th) day           following such notice. If
Employee’s employment under this Agreement is so           terminated, the Company
shall make payment in accord with Section 9 below.  






	 	e) 	Termination
by Employee:  






	 	i. 	For
Good Reason:   Employee may terminate his employment hereunder for Good
          Reason by giving the Company fifteen (15) days prior written notice, which
          termination shall be effective on the fifteenth (15th) day following
          such notice. “Good Reason” means (a) the diminution in any material
          respect of the Employee’s duties, responsibilities, status, positions or
          authority, excluding for this purpose an isolated, insubstantial and
inadvertent           action not taken in bad faith and which is remedied by the Company
promptly           after receipt of notice thereof given by Employee, (b) a material
breach by the           Company of this Agreement or any other written agreements with
the Employee upon           written notice delivered to the Company by the Employee
within thirty (30) days           of such breach, which is not cured by the Company
within thirty (30) days of           receipt of such notice, or (c) the Company requiring
the Employee to relocate           his residence or the Company relocating its office,
without the Employee’s           consent, to a location more than twenty-five (25)
miles from the office’s           present location.  






	 	ii. 	For
No Reason:   Employee may terminate his employment hereunder by giving           the
Company fifteen (15) days prior written notice, which termination shall be
          effective on the fifteenth (15th) day following such notice. The
          Company shall not be obligated to compensate Employee, his estate or
          representatives after any such termination.  






9.          Payment Upon
Termination 



	 	a) 	Upon
termination of Employee’s employment, the Company shall pay to           Employee
within 10 days after termination an amount equal to the sum of           (1) Employee’s
Base Salary accrued, but unpaid, as of the date of           termination; and (2)
un-reimbursed expenses accrued to the date of termination.           The Company shall
also pay to Employee three (3) months salary. The additional           three (3) months
salary shall be paid over a three (3) month period in           accordance with the
Company’s standard payroll practices and be subject to           the usual required
withholdings; however, in no event shall amounts be paid           later than two and
one-half (21⁄2) months following the close of the year           in which the
Employee terminates employment. If payment is scheduled to extend           beyond two
and one-half (21⁄2) months following the close of the year in           which
Employee’s termination occurs, the Company will accelerate such           payment so
as to exempt the payment as a short-term deferral in accordance with           Internal
Revenue Code Section 409A and corresponding treasury regulations.  






4 













	 	b) 	Upon
termination of employment for any reason whatsoever, the Company will           provide
the Company’s stock transfer agent with letters allowing employee           to
remove the restrictive legend from the 186,100 common shares held by           Employee.
Said letter shall be issued concurrent with the termination date and           deem the
effective date to be 90 days after the termination date, or no later           than
concurrent with filing the Company’s Form 10-Q, if termination occurs
          within the period from May 30 to January 15, and concurrent with the filing of
          the Company’s Form 10-K, if termination occurs between January 15 and May
          29.  






	 	c) 	Upon
termination of employment for any reason whatsoever, if Employee elects           COBRA
coverage, Employee shall continue to receive following Employee’s           Date of
Termination the medical, prescription drug, dental and/or health care           flexible
spending account coverage Employee had in place before Employee’s           Date of
Termination (or generally comparable coverage) pursuant to           Employee’s
COBRA elections. This coverage will be for Employee and, where           applicable,
Employee’s spouse or domestic partner and dependents, under           similar rights
afforded to employees of the Company generally. During the           remainder of the
Initial Term or Renewal Term (as applicable) the Company will           reimburse the
Employee for the costs of COBRA to the extent and in the amount           the Company
would have paid for the Employee’s medical, prescription drug,           dental
and/or health care flexible spending account coverage (or generally           comparable
coverage) were the Employee still employed. After the end of Initial           Term or
Renewal Term (as applicable), the Employee shall bear the full costs of           any
COBRA coverage.  






10.          Confidential
Information 



During the term of this Agreement,
the Employee will have access to certain confidential information and materials, including
but not limited to oil and gas property and lease information, originated by the Company
or disclosed to the Company by others under agreements to hold the same confidential
(“Confidential Information”). Confidential Information further includes,
but is not limited to, all technical, engineering, property and lease information,
financial, business practices, customer lists, customer identities and commercial
information heretofore or hereafter disclosed or transmitted by the Company in any form
and manner to the Employee or otherwise received by the Employee, whether orally or in
writing. Employee acknowledges that Employee shall not either directly or indirectly use,
disclose or communicate to any person or entity any Confidential Information for any
purpose at all whether during or after the term of this Agreement, except to the extent
any such information becomes generally known to the public through no fault of Employee.
Furthermore, the terms of this provision shall survive the Initial Term and any Renewal
Term of this Agreement. 



11. Option Grants  



Company and Employee agree to take
such necessary steps required to effect the following changes to the options that were
previously granted to the Employee by the Company: 



5 













	 	a) 	The
vesting date of all options previously granted to Employee shall be reduced           to
five (5) years from the date of grant, with the exception of such options           which
were granted in July of 2008.  






	 	b) 	The
vesting date of all options granted in July of 2008 shall be reduced to           March
1, 2012, and, without regard to the current vesting schedule, will vest on           a
pro-rata basis quarterly from March 1, 2009 until March 1, 2012.  






12.          Miscellaneous 



	 	a) 	Entire
Agreement. This Agreement contains the entire agreement between           the Company
and the Employee, regarding employment of the Employee and           supersedes and
replaces all prior agreements and understandings. This Agreement           shall not be
modified except by written agreement signed by both parties.  






	 	b) 	Headings.
The subject headings of the articles and sections contained in           this Agreement
are included for convenience purposes only and shall not control           or affect the
meaning, construction or interpretation of any provision hereof.  






	 	c) 	Assigns.
This Agreement shall be binding upon the Company and Employee,           their respective
heirs, executors, legal representatives, successors and           assigns.  






	 	d) 	No
Assignment. No assignment of this Agreement will be permitted unless           it is
in writing and signed by all Parties  






	 	e) 	Notices.
All notices, demands, elections, opinions or requests (however           characterized or
described) required or authorized hereunder shall be deemed           given sufficiently
if in writing and sent by overnight courier or by registered           or certified mail,
return receipt requested and postage prepaid, in the case of           the Company:  







	 	
New
Frontier Energy, Inc.          
1789 W. Littleton Blvd.          
Littleton, CO 80120 






	 	
and
in the case of the Employee: 






	 	
         Paul G. Laird

         7430 S. Curtice Court

Littleton, CO 80120


 






	 	f) 	Remedies.
Employee acknowledges that any failure to carry out an           obligation under this
Agreement, or a breach by the Employee of any provision           herein, will constitute
immediate and irreparable damage to the Company, which           cannot be fully and
adequately compensated in money damages and which will           warrant preliminary and
other injunctive relief, an order for specific           performance, and other equitable
relief. Employee also understands that other           actions may be taken and remedies
enforced against the Employee, including           termination of any other agreements
the Employee may have with the Company.  






6 













	 	g) 	Waiver
and Severability. No waiver by either party of any breach or           default hereof
by the other shall be deemed to be a waiver of any preceding or           succeeding
breach or default hereof, and no waiver shall be operative unless the           same
shall be in writing. Should any provision of this Agreement be declared           invalid
by a court of competent jurisdiction, the remaining provisions hereof           shall
remain in full force and effect regardless of such declaration.  






	 	h) 	Jurisdiction.
This Agreement shall be subject to the exclusive           jurisdiction of either the
courts in Arapahoe County in the State of Colorado or           of the Federal Courts of
Colorado. The parties to this Agreement agree that any           breach of any term or
condition of this Agreement shall be deemed to be a breach           occurring in the
State of Colorado by virtue of a failure to perform an act           required to be
performed in the State of Colorado, and irrevocably and expressly           agree to
submit to the jurisdiction of those courts for the purpose of resolving           any
disputes among the parties relating to this Agreement or the transactions
          contemplated hereby. The parties irrevocably waive, to the fullest extent
          permitted by law, any objection which they may now or hereafter have to the
          laying of venue of any suit, action or proceeding arising out of or relating to
          this Agreement, or any judgment entered by any court in respect hereof brought
          in the State of Colorado, and further irrevocably waive any claim that any
suit,           action or proceeding brought in the State of Colorado has been brought in
an           inconvenient forum.  






	 	i) 	Counterparts.
This Agreement may be executed in several counterparts, and           as so executed
shall constitute one Agreement, binding on all parties hereto,           notwithstanding
that all parties are not signatory as to any other original or           the same
counterpart. Facsimile signatures are acceptable.  






	 	j) 	Governing
Law. This Agreement has been entered into and shall be           construed and
enforced in accordance with the laws of the State of Colorado,           without
reference to the choice of law principles thereof.  






IN WITNESS WHEREOF, the parties have
executed this Agreement effective on the day and year first above written. 
















		
	THE COMPANY                



NEW FRONTIER ENERGY, INC.

	THE EMPLOYEE




	 	
	
/s/ Symak Veera


Authorized Signatory 	
/s/ Paul Laird


Paul Laird