EXHIBIT 10.2
[LOGO OF ZYDECO
APPEARS HERE]
EXPLORATION, INC.
--------------------
000 X. Xxx Xxxxxxx Xxxx. X.
Xxxxx 0000
Xxxxxxx, Xxxxx 00000
(000) 000-0000
Fax (000) 000-0000
May 15, 1996
Cheniere Energy Operating Co., Inc.
000 Xxxx Xxxxxx, Xxxxx 0000
Xxx Xxxx, XX 00000
Re: First Amendment
Gentlemen:
I am writing with respect to that certain Exploration Agreement dated April 4,
1996 by and between FX Energy, Inc. and Zydeco Exploration, Inc. (the
"Agreement"). For convenience, terms defined therein shall have the same
meaning when used herein.
The Agreement in Section 2 provides that FX shall deposit $3,000,000 to the
segregated account on May 15, 1996. You have represented to us that you had
instructed your bank today to wire $2,250,000 to the segregated account. You
have requested an extension until the end of the business day on Friday, June
14, 1996 to wire the balance of $750,000. Based on your representations, ZEI
agrees to your requested extension.
We both agree that a failure by FX to make the $750,000 contribution by June
14, 1996 shall be treated as a Discontinuance under Section 5. The Seismic
Funds paid, in this instance, would be $2,250.000.
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If I have correctly set forth our understandings, kindly so indicate by
executing one counterpart of this letter and returning it to the undersigned.
Yours very truly,
ZYDECO EXPLORATION, INC.
By: /s/ Xxx X. Xxxxx
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Its: President and Chief Executive Officer
ACCEPTED AND AGREED TO THIS
15th DAY OF MAY, 1996.
Cheniere Energy Operating Co., Inc., formerly FX Energy, Inc.
By: /s/ Xxxxxxx X. Xxxxxx
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Its: President
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