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                                                                    EXHIBIT 10.1

NATURAL GAS SALES AGREEMENT

BY THIS NATURAL GAS SALES AGREEMENT ("AGREEMENT"), ENTERED INTO AS OF FEBRUARY
25TH, 2003, BIG APPLE ENERGY, LLC, A NEVADA CORPORATION ("SELLER"), AND U.S. GAS
& ELECTRIC, INC., A DELAWARE CORPORATION ("BUYER") AGREE TO BE BOUND BY THE
FOLLOWING TERMS AND CONDITIONS:

     1. SALE AND PURCHASE. Seller will sell and Buyer will purchase natural gas.
Each sale and delivery by Seller and each purchase and receipt by Buyer will be
made pursuant to this Agreement will be documented using the Sales Confirmation
form labeled Appendix "A" attached hereto and incorporated herein. Buyer must
purchase and receive, and Seller must sell and deliver, during the Term
specified on the applicable Sales Confirmation, one hundred percent of the
volumes of natural gas which Buyer schedules ("Scheduled Quantity"). Failure to
buy or sell the Scheduled Quantity is a breach of this Agreement unless the
failure is caused by an event of Force Majeure or a Transportation Interruption.
A "Transportation Interruption" includes, but is not limited to, the refusal of
Seller's Transporter or Buyer's Transporter to accept a properly made
delivery/nomination by Seller or Buyer, as applicable, for transportation
service, which is not the result of a breach of the contractual terms of the
natural gas transportation arrangement by either Seller or Buyer, and which is
neither initiated nor acquiesced in by the party to this Agreement subject to
the interruption.

     2. NOTICES. Any notice, request, demand, or statement pursuant to this
Agreement must be in writing and will be deemed given when deposited in the
United States mail, first class postage prepaid, or when received by fax or
reputable express service directed to the parties as follows:

SELLER: BIG APPLE ENERGY                BUYER: U.S. Gas & Electric
        23-35 Bell Boulevard                   290 NW 165th Street
        #109                                   Penthouse #2
        Bayside, New York 11360                North Miami Beach, Fl. 33169
Fax:    718-229-6328                    Fax:   305-949-7823

     3. BILLING AND PAYMENT. On or about the twenty-fifth day of each month,
Seller will render a statement to Buyer showing the quantity of natural gas
nominated for the subsequent month, the estimated price for the full month",
based on existing pricing indexes, and the cost payable for the first seven (7)
days of delivery, the initial "Delivery Period. Buyer will pay Seller the amount
due for the initial Delivery Period so that Seller receives payment by the last
business day prior to the start of the month. Upon the publishing of the
applicable index prices, Seller will present to Buyer an updated statement with
the appropriate index based pricing. Seller will invoice Buyer for the
subsequent Delivery Period four (4) business days prior to the start of the
Delivery Period. Buyer will pay Seller the amount due so that Seller receives
payment no less than one (1) business day prior to the start of the Delivery
Period. If Buyer fails to pay when due, Seller may suspend its performance
hereunder to Buyer, but the suspension will not excuse Buyer's obligation to
purchase natural gas from Seller in the volumes and during the term stated in
the applicable Sales Confirmation.

All payments from Buyer to Seller shall be sent through FTA via Fed Funds to
Seller at the address set out herein. Only Seller may request revisions to the
address specified for payment herein, which requests shall not be made more than
two times per year, unless due to merger or mandated by State or Federal
regulations.

Big Apple Energy Wire Transfer Account
[Account Information]

Invoice Reference No. __________________

Please include invoice reference number in the text field of your wire transfer.

     4. TERM. This Agreement is effective as of the date written above and
continues for a primary term of one year. This Agreement will automatically
renew for successive one-year periods unless terminated by written notice of
either party at least twenty-five days before the beginning of any renewal
period.

     5. CREDITWORTHINESS. Seller entered into this Agreement based on Buyer's
satisfaction of the Seller's initial credit requirements. Seller's continued
performance of this Agreement is subject to Buyer's continued satisfaction of
Seller's credit

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requirements, provided that so long as Buyer has not breached its payment
obligations hereunder Seller will not terminate this Agreement or discontinue
supplying natural gas in accordance with this Agreement.

     6. PRICE. For natural gas delivered at the Delivery Point(s), Buyer will
pay Seller the price set forth in the applicable Sales Confirmation which will
be Seller's cost of supply plus $0.04 per Decatherm. Price will be based on
accepted price indexes including but not limited to, NYMEX, Gas Daily and Inside
FERC. Buyer will also pay Seller for all taxes Seller incurs (including sales,
use, distribution, or other taxes, but excluding income taxes) and any
attorney's fees incurred in collecting any amounts that Buyer owes under this
Agreement.

     7. DELIVERY POINT; TITLE. The Delivery Point(s) for natural gas sold
hereunder is set forth in the applicable Sales Confirmation. Title to the
natural gas and risk of loss therefore will pass from Seller to Buyer at the
Delivery Point(s). After delivery, Seller will not be liable for any loss,
damage, injury, or death caused by the natural gas.

     8. SPECIFICATIONS. Definitions, quality specifications and measurement, and
tests will be as set forth in the tariff of Buyer's Transporter receiving the
natural gas at the Delivery Point(s). Seller will deliver the natural gas in
compliance with said tariff, free of liens, into the facilities of Buyer's
Transporter receiving the natural gas at the Delivery Point(s).

     9. TRANSPORTATION. Seller will be responsible for transportation of the
natural gas to the Delivery Point(s). Buyer will be responsible for
transportation of the natural gas from the Delivery Point(s). Buyer and Seller
will cooperate to ensure that nominations are made timely to all transporters
and reflect actual expected deliveries and receipts. If either party becomes
aware of any reason why the nominated volumes may not be delivered or taken,
that party shall notify the other party as soon as possible. The parties will
cooperate to ensure that corrected nominations are provided to all transporters
as soon as possible. The parties will use reasonable efforts to avoid causing
pipeline imbalances and to determine the cause of any imbalance for which a
penalty may be imposed. The party responsible for causing an imbalance penalty
will pay or reimburse the other party for such penalty regardless whether it is
the shipper on the pipeline.

     10. AGENCY. Seller will act as Buyer's agent for purposes of (i)
administering Buyer's transportation contracts with Buyer's Transporter(s),
including nominating deliveries and receipts to Buyer's Transporter(s) for all
natural gas to be delivered hereunder and receiving and verifying invoices from
Buyer's Transporter(s) for natural gas delivered hereunder and (ii) subject to
Buyer's prior approval of any contract thereof, entering into transportation
contracts with one or more of Buyer's Transporter(s) in the name of and on
behalf of Buyer to obtain transportation of gas purchased by Buyer hereunder to
the Delivery Point(s).

     11. AGGREGATION. Seller will aggregate Customer's natural gas supply
requirements with the requirements of other customers supplied by Seller
pursuant to any available applicable pooling/aggregation arrangements.

     12. LAWS AND REGULATIONS. This Agreement is subject to all local, state,
and federal laws and the orders, directives, rules, and regulations of
governmental bodies and officials having jurisdiction. If during the Term of
this Agreement any governmental regulator successfully asserts ratemaking
jurisdiction over the sale or purchase of natural gas hereunder, Seller may
terminate this Agreement without liability. The services provided by Seller are
protected by the terms and conditions of this Agreement.

     13. DISPUTES; REMEDIES. Seller will attempt in good faith to resolve any
dispute arising out of this Agreement ("Dispute"). If Seller cannot do so, Buyer
may submit the Dispute for resolution in small claims court or, if the dollar
amount of the Dispute exceeds small claims court jurisdiction, submit the
Dispute to final, binding arbitration by a single arbitrator pursuant to the
commercial arbitration rules of the American Arbitration Association. The remedy
for Seller's breach of its obligations will be Seller's payment to Buyer of the
amount, if any, by which (i) Buyer's costs to purchase replacement natural gas
or other alternate fuel suitable for Buyer's requirements, up to the Scheduled
Quantity, from any other source available to Buyer, including all costs, fees,
and expenses incurred by Buyer in finding, purchasing, and transporting to
Buyer's facilities an alternate source of natural gas or other alternate fuel,
including any transportation, balancing, or standby supply costs or penalties
incurred by Buyer under its contract(s) with Buyer's Transporter(s), exceeds
(ii) an amount equal to the quantity of replacement natural gas (or, as
applicable, a quantity of natural gas equivalent to the quantity of such
alternate fuel) purchased by Buyer, up to the Scheduled Quantity, times the
Price set forth on the applicable Sales Confirmation. The remedy for Buyer's
breach of its obligations shall be Buyer's payment to Seller of the amount, if
any, by which (i) an amount equal to the quantity of natural gas not purchased
by Buyer, up to the Scheduled Quantity, times the Price set forth on the
applicable Sales Confirmation, including all costs, fees, and expenses incurred
by Buyer in finding, selling, and transporting such natural gas to a third
party, including any transportation or balancing costs or penalties incurred by
Seller under its contract(s) with its transporter(s), exceeds (ii) the price
Seller receives in its sale of such gas to a third party, up to the Scheduled
Quantity.

     14. FORCE MAJEURE. Except for Buyer's obligation to pay for natural gas
delivered, neither party will be liable for failure to perform hereunder when
the failure is due to an event of Force Majeure, which means an occurrence
beyond the control of the party claiming suspension of performance which cannot
be prevented or overcome by the exercise of due diligence, including

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without limitation fire, floods, washouts, earthquakes, extraordinary storms or
similar weather conditions, freezing or failure of wells or lines of pipe that
affects a significant geographic area, strikes, lockouts, or other industrial
disturbances, riots, legal interferences, arrest and restraint of government and
people, civil disturbances, explosions, accidents to machinery, acts of God or
public enemy, accident to or breakage of Seller's or Buyer's machinery or
equipment, any recall by Buyer's Transporter of firm transportation capacity
utilized by Buyer under a capacity release when such recall is required to
preserve the integrity of Buyer's Transporter's facilities and service,
government restraints or orders, or any other cause or event beyond the
reasonable control of the non-performing Party, provided, however, that neither
party will be relieved of liability to the other for any damage or expense
caused or contributed to by its own negligence when such negligence is the
proximate cause of its failure to perform, and provided further, that neither
Party will be entitled to relief from liability by reason of an event of Force
Majeure to the extent that (a) such Force Majeure event could have been
prevented or avoided by the Party claiming Force Majeure through the exercise of
due diligence; (b) such Party's inability to perform was caused by that Party's
lack of funds; (c) such Party's inability to perform was caused by the
interruption of interruptible gas transportation service (which interruption is
not itself the result of an event of Force Majeure); or (d) such Party's
inability to perform was caused by insufficient market demand which is not
itself the result of an event of Force Majeure. Notwithstanding the foregoing,
Buyer and Seller will use all reasonable efforts to continue deliveries of gas
hereunder by any alternative means of transporting such gas to Buyer, to the
extent that such alternative transportation is available to deliver gas to the
facilities of Buyer at a reasonably economic cost. The Force Majeure shall, so
far as possible, be reported to the other party immediately and remedied with
all reasonable dispatch.

     15. MISCELLANEOUS. No waiver by either Seller or Buyer of any default of
the other under this Agreement will waive any future default. Buyer may not
assign this Agreement without Seller's prior written consent, which may not be
unreasonably withheld. The terms and conditions hereof shall be kept
confidential by the parties except to the extent required to obtain natural gas
transportation or to comply with law. This Agreement will be governed by the
laws of the State of New York. This Agreement will only be amended by a written
instrument executed by the parties hereto. This Agreement contains the entire
understanding of the parties with respect to the matter contained herein. There
are no promises, covenants, or undertakings other than those expressly set forth
herein. This agreement may be executed in multiple counterparts and has been
executed by an authorized representative of each party.

SELLER: BIG APPLE ENERGY                BUYER: U.S. GAS & ELECTRIC, INC.

BY: /S/ VICTOR FERREIRA                 BY: /S/ DOUG MARCILLE
    ---------------------------------       ------------------------------------
NAME: VICTOR FERREIRA                   NAME:
TITLE: MANAGING MEMBER                        ----------------------------------
                                        TITLE:
                                               ---------------------------------

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                                                                    Exhibit 10.2

                               CONTINUING GUARANTY

                                                            September 25th, 2003

Big Apple Energy, LLC.
36 Cedar Street
Syosset, New York 11791

     I. To induce you, Big Apple Energy, LLC, a Nevada corporation ("Big Apple
Energy"), to enter into certain Natural Gas Sales Agreements of even date
herewith (the "Agreement") with U.S. Gas & Electric, a Delaware corporation
("Buyer"), pursuant to which Big Apple Energy has agreed to provide gas supply
to Buyer, as more fully described in the Agreement, the undersigned agrees to
be, without deduction by reason of set-off, defense or counterclaim,
unconditionally liable for, and hereby unconditionally guarantees to Big Apple
Energy, the due payment and performance of all of the liabilities and
obligations owed by Buyer to Big Apple Energy under the terms of the Agreement
(collectively, the "Guaranteed Obligations"). In addition, the undersigned
agrees to pay all costs of collection, including, without limitation, reasonable
attorney's fees, which may be incurred by Big Apple Energy in collecting any or
all of the Guaranteed Obligations and/or in enforcing any rights hereunder.

     II. As implementing the foregoing, it is understood and agreed the
undersigned guarantees that the Guaranteed Obligations will be paid to Big Apple
Energy strictly in accordance with the terms and provisions of the Agreement
regardless of any law, regulation or decree, now or hereafter in effect which
might in any manner affect any of the terms or provisions of the Agreement or
Big Apple Energy's rights with respect thereto as against Buyer, or cause or
permit to be invoked any alteration in the time, amount or manner of payment by
Buyer of all or any part of the Guaranteed Obligations.

     III. In event of the happening of any one or more of the following events,
any one of which shall constitute an event of default, to wit: (a) the
nonpayment of any of the Guaranteed Obligations; (b) the failure in business,
dissolution or termination of existence of the Buyer or the undersigned; (c) any
petition in bankruptcy is filed by or against the Buyer or the undersigned, or
any proceedings in bankruptcy, or under any laws or regulations of any
jurisdiction relating to the relief of debtors, being commenced for the relief
or readjustment of any indebtedness of the Buyer or the undersigned, either
through reorganization, composition, extension or otherwise; (d) the making by
the Buyer or the undersigned of an assignment for the benefit of creditors or
the taking advantage by either of the same of any insolvency law; (e) the
appointment of a receiver of any property of the Buyer or the undersigned; (f)
any seizure, vesting or intervention by or under authority of a government, by
which the management of either the Buyer or the undersigned is displaced or its
authority in the conduct of its business is curtailed; (g) the attachment or
distraint of any funds or other property of the Buyer or the undersigned; and
(h) without limiting any of the foregoing, the Buyer defaults in the performance
of any of the Buyer's obligations to Big Apple Energy under the Agreement, then,
or at any time(s) after the happening of any such event of default, any or all
of the Guaranteed Obligations shall, at Big Apple Energy's option, become, for
the purposes of this Guaranty, immediately due and payable by the undersigned
without demand or notice.
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     IV. Any and all present or future indebtedness of Buyer to the undersigned
together with any and all interest accrued or to accrue thereon (hereinafter
referred to as "Secondary Obligations") are subject and subordinate to the
payment of the Guaranteed Obligations. The undersigned shall not ask, demand,
sue for, exercise any right of setoff or otherwise seek to enforce or collect,
or take or receive payment of or security for all or any part of the Secondary
Obligations until and unless all and every part of the Guaranteed Obligations
shall have been fully paid and discharged. In the event of any distribution,
dividend, or application, partial or complete, voluntary or involuntary, by
operation of law or otherwise, of all or any part of the assets of Buyer or of
the proceeds thereof to the creditors of Buyer or upon any indebtedness of
Buyer, occurring by reason of the liquidation, dissolution, or other winding up
of Buyer, or by reason of any execution sale, or bankruptcy, receivership,
reorganization, arrangement, insolvency, liquidation or foreclosure proceeding
of or for Buyer or involving Buyer's property, no dividend, distribution or
application shall be made, and the undersigned shall not be entitled to receive
or retain any dividend, distribution, or application on or in respect of
principal of or interest on the Secondary Obligations, unless and until all
principal of and interest on the Guaranteed Obligations then outstanding shall
have been indefeasibly paid and satisfied in full; and in any such event, any
dividend, distribution or application otherwise payable in respect of the
Secondary Obligations shall be paid over to Big Apple Energy and applied by Big
Apple Energy to the Guaranteed Obligations until the same have been fully paid
and satisfied. To enable Big Apple Energy to assert and enforce its rights
hereunder in any such proceeding or upon the happening of any such event, Big
Apple Energy, or any person whom it may designate, are hereby irrevocably
appointed attorney-in-fact for the undersigned with full power to act in the
place and stead of the undersigned, including the right to make, present, file
and vote such proofs of claim against Buyer on account of all or any part of the
Secondary Obligations as Big Apple Energy may deem advisable and to receive and
collect any and all dividends or other payments made thereon and to apply the
same on account of the Guaranteed Obligations. The undersigned will execute and
deliver to Big Apple Energy such instruments as may be required by it to enforce
any and all the Secondary Obligations, to effectuate such power of attorney and
to effect collection of any and all dividends or other payments which may be
made at any time on account thereof.

     V. The undersigned agrees that the Guaranteed Obligations shall not be
affected by any action taken under the Agreement or any other documents,
instruments or agreements relating thereto, in the exercise of any right or
remedy therein conferred, or by any invalidity or unenforceability thereof, or
by any other circumstance whatsoever (including, without limitation, any
restriction or other limitation on, and/or release of, the liability of Buyer
for any of the Obligations), whether with or without notice to or knowledge of
the undersigned, which may in any manner vary the risk of the undersigned under
this Guaranty, it being the purpose and intent of the undersigned that this
Guaranty and the obligations of the undersigned hereunder shall be absolute and
unconditional under any and all circumstances and shall not be discharged except
by payment and performance by Buyer of the full amount of the Guaranteed
Obligations, interest accrued thereon and costs and expenses of Big Apple Energy
related thereto.

     VI. The undersigned hereby consents and agrees that Big Apple Energy may at
any time, or from time to time, in its sole discretion: (1) extend or change the
time of payment, and/or the manner, place or terms of payment of all or any of
the Guaranteed Obligations; (2)

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exchange, release and/or surrender all or any of the collateral security, or any
part(s) thereof, held by Big Apple Energy in connection with all or any of the
Guaranteed Obligations or any of the other Obligations; (3) amend, modify and/or
waive the provisions of any of the Agreement; (4) after the occurrence of an
event of default, proceed against the undersigned before taking any action
against Buyer or any other person for payment of the Guaranteed Obligations
and/or to liquidate or preserve any collateral therefor; (5) sell and/or
purchase all or any such collateral at public or private sale, or at any
broker's board, and after deducting all costs and expenses of every kind for
collection, sale or delivery, the net proceeds of any such sale(s) may be
applied by Big Apple Energy upon all or any of the Guaranteed Obligations or any
of the other Obligations, in Big Apple Energy's sole discretion, and (6) settle
or compromise with Buyer, and/or any other person(s) liable on the Guaranteed
Obligations, any and all of the Guaranteed Obligations, and/or subordinate the
payment of same, or any part(s) thereof, to the payment of any other debts or
claims, which may at any time(s) be due or owing to Big Apple Energy and/or any
other person(s) or corporations(s); all in such manner and upon such terms as
Big Apple Energy may deem proper, and without notice to or further assent from
the undersigned, it being hereby agreed that the undersigned shall be and remain
bound upon this Guaranty, irrespective of the existence, value or condition of
any collateral. The undersigned shall not invoke any law relating to the
marshalling of collateral which might cause delay in or impede the enforcement
of Big Apple Energy's rights under the Agreement or under any other agreement
affecting any of the Obligations, and to the fullest extent allowable by law,
the undersigned hereby irrevocably waives the benefits of all such laws.

     VII. The undersigned hereby expressly acknowledges that any notices which
Big Apple Energy may give to the undersigned shall not in any way be deemed an
undertaking by Big Apple Energy or impose upon Big Apple Energy a duty to advise
the undersigned of any changes in the financial or business undertakings of
Buyer, or a change in the risk assumed by the undersigned.

     VIII. The undersigned also hereby waives notice of acceptance of this
Guaranty, and also presentment, demand, protest and notice of dishonor of any
and all of the Guaranteed Obligations, and promptness in commencing suit against
any party thereto or liable thereon, and/or in giving any notice to or of making
any claim or demand hereunder upon the undersigned. No act or omission of any
kind on Big Apple Energy's part in the premises shall in any event affect or
impair this Guaranty, nor shall the same be affected by any change which may
arise by reason of the death of the undersigned. The undersigned further agrees
that this Guaranty shall continue to be effective or be reinstated, as the case
may be, if at any time payment, or any part thereof, of the principal of or
interest on any of the Guaranteed Obligations or the Guaranteed Obligations is
rescinded or must otherwise be restored or returned by Big Apple Energy upon
insolvency, bankruptcy or reorganization of Buyer, the undersigned or otherwise,
all as though such payment has not been made.

     IX. No delay or omission by Big Apple Energy in the exercise of any right
or power hereunder or under the Agreement or any other document pertaining to
the Guaranteed Obligations shall impair such right or power or be construed to
be a waiver of any default or any acquiescence therein, and any single or
partial exercise of any such right or power shall not preclude other or further
exercise thereof or the exercise of any other right. All remedies herein or by
law afforded

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shall be cumulative and shall be available to Big Apple Energy until the
Guaranteed Obligations has been paid or satisfied in full.

     X. TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE UNDERSIGNED
HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT THE UNDERSIGNED MAY HAVE
TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING
OUT OF THIS GUARANTY OR THE AGREEMENT. THE UNDERSIGNED ACKNOWLEDGES THAT BIG
APPLE ENERGY IS RELYING ON THE FOREGOING WAIVER IN ENTERING INTO THE AGREEMENT.

     XI. This is a continuing guaranty and shall (i) remain in full force and
effect until the Guaranteed Obligations has been paid and satisfied in full;
(ii) be binding upon the undersigned, the heirs, executors, legal
representatives and assigns of the undersigned, and shall inure to the benefit
of, and be enforceable by Big Apple Energy, its successors, transferees and
assigns, and (iii) BE DEEMED TO HAVE BEEN MADE UNDER AND SHALL BE GOVERNED BY
THE LAWS OF THE STATE OF NEW YORK IN ALL RESPECTS, INCLUDING MATTERS OF
CONSTRUCTION, VALIDITY AND PERFORMANCE, and it is understood and agreed that
none of its terms or provisions may be waived, altered, modified or amended
except in writing duly signed for and on Big Apple Energy's behalf.

     XII. The undersigned represents and warrants to Big Apple Energy that this
Guaranty is valid, legal and binding upon the undersigned and enforceable in
accordance with its terms. The undersigned acknowledges that he will materially,
directly or indirectly, receive financial benefit from the transactions related
to the Agreement.

     XIII. If this Guaranty is executed by two or more parties, they shall be
jointly and severally liable hereunder, or if one or more other parties
guarantee to Big Apple Energy by separate document all or a portion of the
Guaranteed Obligations, they shall be jointly and severally liable with the
undersigned hereunder, and the word "undersigned" wherever used herein shall be
construed to refer to each of such parties separately, all in the same manner
and with the same effect as if each of them had signed this document, whether or
not they have signed separate documents; and in any such case this Guaranty
shall not be revoked or impaired as to any one or more of such parties by the
death of any of the others or by the revocation or release of any liabilities of
any one or more of such other parties.

                                        /s/ Doug Marcille (L.S.)
-------------------------------------   ----------------------------------------
WITNESS                                 NAME: Doug Marcille
                                        TITLE: Chief Financial Officer

                                        ADDRESS: U. S. Gas & Electric
                                                 290 NW 165th Street
                                                 Miami, FL 33169

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