Second Extension Agreement to Farmout Agreement between Far East Energy (Bermuda), Ltd. and Arrow Energy International Pte Ltd (November 20, 2009)

Contract Categories: Business Finance › Modification Agreements
Summary

Far East Energy (Bermuda), Ltd. and Arrow Energy International Pte Ltd have agreed to extend the deadline for Arrow Energy to complete its farm-in obligations under their existing Farmout Agreement. The new deadline is December 18, 2009, replacing the previous date of November 20, 2009. All other terms of the original agreement remain unchanged. This extension is effective as of November 20, 2009, and is confirmed by both parties' signatures.

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EX-10.1 2 ex10_1.htm AGREEMENT BETWEEN FEEB AND ARROW ex10_1.htm
 
 
 
Exhibit 10.1


November 20, 2009
 
Arrow Energy International Pte Ltd
 
International Operations HQ
 
152 Beach Road, #19-05 The Gateway East
 
Singapore (189721)
 
Fax: +65-6294-6904
 
Attention:  Nick Davies, Chief Executive Officer
 
 
Arrow Energy International Pte Ltd
 
Suite 15D
 
Sunbetter Golden Diamond
 
Jia 52 South Road of East 3rd
 
Chaoyang District, Beijing, 100022
 
People's Republic of China
 
Attention: Dave Mathew, Executive Director
 
Re:
Second Extension of Farm-In Deadline under the Farmout Agreement dated March 13, 2009 between Arrow Energy International Pte Ltd and Far East Energy (Bermuda), Ltd., as Amended
 
Gentlemen:
 
As previously discussed, it is apparent to both parties that there is a need to extend the Farm-In Deadline again in the subject agreement.  To document this agreed extension, in accordance with Sections 1.23, 13.3 and 13.6 of the Farmout Agreement, the reference to "November 20, 2009" in Section 1.23 is hereby changed with "December 18, 2009".  Except as specifically stated herein, the Farmout Agreement will continue to be in full force and effect, and all other terms and conditions of the Farmout Agreement will continue to apply.
 
By signing below, the undersigned acknowledge and agree that this amendment will be effective as of November 20, 2009.
 
  Yours truly,  
     
  FAR EAST ENERGY (BERMUDA), LTD.  
     
  /s/ Michael R. McElwrath  
  Name:    Michael R. McElwrath   
  Title:      Chairman   
     

                           
 
 
ACKNOWLEDGED AND AGREED:
 
ARROW ENERGY INTERNATIONAL PTE LTD
 
/s/ Nick Davies  
Name:     Nick Davies   
Title:      Chief Executive Officer