Amendment to Exchangeable Note Maturity Date between Far East Energy (Bermuda), Ltd. and Dart Energy (CBM) International Pte Ltd

Summary

Far East Energy (Bermuda), Ltd. and Dart Energy (CBM) International Pte Ltd have agreed to extend the maturity date of a US$10,000,000 exchangeable note originally issued on March 13, 2009. The new maturity date is set for September 15, 2011, replacing the previous 24-month term. All other terms of the original note remain unchanged. Both parties have acknowledged and agreed to this amendment by signing the letter.

EX-10.1 2 v214600_ex10-1.htm Unassociated Document

Exhibit 10.1

March 10, 2011

Dart Energy (CBM) International Pte Ltd

152 Beach Road, #19-01/04 The Gateway East

Singapore (189721)

Fax: +65-6294-6904

Attention: Simon Potter, CEO and MD

Re:	Extension of Maturity Date of the Exchangeable Note, US$10,000,000 initial principal amount, issued by Far East Energy (Bermuda), Ltd. on March 13, 2009

Gentlemen:

As previously discussed, the parties wish to extend the maturity date under the Exchangeable Note of US$10,000,000 initial principal amount we issued to you on March 13, 2009. Accordingly, in accordance with Section 9(e) of the Exchangeable Note, the reference to “twenty-four (24) months after the Issue Date” in Section 1.1 is hereby deleted and replaced with “September 15, 2011”. Except as specifically stated herein, the Exchangeable Note will continue to be in full force and effect.

Please indicate your acknowledgement and agreement with this amendment by countersigning this letter on the following page.

		Yours truly,
		FAR EAST ENERGY (BERMUDA), LTD.
		/s/ Michael R. McElwrath
		Name: Michael R. McElwrath
		Title: Chairman

ACKNOWLEDGED AND AGREED:

DART ENERGY (CBM) INTERNATIONAL PTE LTD
/s/ Simon Potter
Name: Simon Potter
Title: CEO and MD