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Exhibit 10.56
22 December 2005
Linc Energy, Ltd.
AMP Plaza
Level 7
10 Eagle Street
Brisbane
Queensland, Australia
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Re.:
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1 st
Extension of
time under Memorandum of Agreement
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Dear Peter,
Upon reviewing the Memorandum of
Agreement between Syntroleum International Corporation
(“Syntroleum”) and Linc Energy, Ltd.
(“Linc”) effective 15 August 2005 (hereinafter the
“Memorandum”), Syntroleum recognizes that the
Memorandum is set to expire on 31 December 2005 unless
extended. Syntroleum desires to continue its relationship with Linc
under the terms of the Memorandum, and Syntroleum believes it is in
the interest of both parties to extend the life of the Memorandum.
Accordingly, Syntroleum kindly requests that Linc give its mutual
assent to the following:
Each of Syntroleum and Linc agree
to extend the terms of the Memorandum until June 30, 2006,
unless further extended by mutual agreement of the parties. This
extension shall become effective immediately upon the expiry of the
prior term.
Pursuant to the rules of the U.S.
Securities & Exchange Commission (the “SEC”),
Syntroleum may be required to update its prior disclosure and to
report this extension of time to maintain compliance. By your
signature below, it is intended that you are also giving your
assent to Syntroleum to make the necessary disclosure to
e
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