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EXHIBIT 10.26
Phillips China Inc.
600 N. Dairy Ashford Rd.
Houston, Texas 77079
December 15, 2003
Mr. Michael R. McElwrath
Chairman & CEO
Far East Energy Corporation
400 N. Sam Houston Parkway East, Suite
205
Houston, Texas 77060
Re: Amendment to Farmout Agreement - Qinnan
PSC between Phillips China Inc.
("PCI") and Far East Energy Corporation
("FEEC")
Dear Mr. McElwrath:
The purpose of this amendment agreement is
to extend the term of the Farmout
Agreement for the Qinnan PSC that was
executed by and between PCI and FEEC on
June 17, 2003 (the "Qinnan Farmout
Agreement"), subject to the approval of the
extension of the term of the Qinnan PSC as
described in paragraph 1 below. The
Qinnan Farmout Agreement provides in
Article 2.1(b) that it will terminate on
December 31, 2003 if the required
governmental approvals have not been received
by such date. Article 2.2 of the Qinnan
Farmout Agreement further provides that
the Parties may mutually agree to extend
the term for a reasonable period of
time.
The terms used in this amendment agreement
that are not otherwise defined herein
shall have the same meaning assigned to
them in the Qinnan Farmout Agreement and
the Qinnan PSC.
1. The Parties hereby agree to amend the
first line of Article 2.1(b) of the
Qinnan Farmout Agreement by deleting the
date "December 31, 2003
