Exhibit 10.1

 

FIRST AMENDMENT TO

JOINT EXPLORATION AND DEVELOPMENT AGREEMENT

 

This First Amendment to Joint Exploration and Development Agreement (this “First
Amendment”) is effective as of March 1, 2013, and is by and among EOG
Resources, Inc., a Delaware corporation (“EOG”), whose address is 6101 S.
Broadway, Suite 200, Tyler, Texas 75703, and ZaZa Energy Corporation, a Delaware
corporation (“ZaZa Corporation”), and ZaZa Energy LLC, a Texas limited liability
company (“ZaZa LLC” and, together with ZaZa Corporation, “ZaZa”), each having an
address of 1301 McKinney, Suite 2850, Houston, Texas 77010.  EOG and ZaZa are
sometimes herein referred to collectively as the “Parties.”

 

RECITALS

 

WHEREAS, on March 21, 2013, the Parties entered into that certain Joint
Exploration and Development Agreement dated effective March 1, 2013, by and
among the Parties (the “JEDA”); and

 

WHEREAS, the Parties desire to amend the JEDA as set forth herein.

 

AGREEMENT

 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, the Parties hereby agree that the JEDA shall be
amended as follows:

 

1.                                      The first sentence of Section 1 to the
JEDA shall be substituted and replaced in its entirety with the following:

 

The First Closing shall take place at the offices of Baker & McKenzie LLP, 711
Louisiana, Suite 3400, Houston, Texas 77002, at 10:00 a.m. (local time) on or
before April 2, 2013, or such other time or place as the Parties may agree upon
in writing (the “First Closing Date”).

 

2.                                      The third sentence of Section 3.7 to the
JEDA shall be substituted and replaced in its entirety with the following:

 

The “Contract Area” (as defined in the JOA) covered by the JOA shall be the same
as the Project Area, but shall exclude any Oil and Gas Interests that are
subject to the Range-ZaZa JOA.

 

3.                                      Exhibit “B-1” to the JEDA shall be
substituted and replaced in its entirety with Exhibit “B-1” attached hereto and
incorporated herein.

 

Except as expressly set forth herein, all terms and conditions of the JEDA shall
remain unchanged and in full force and effect.  The Parties hereby ratify and
confirm the JEDA as amended herein.

 

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[*] Certain information in this document has been omitted and filed separately
with the Securities and Exchange Commission. Confidential treatment has been
requested with respect to the omitted portions.

 

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IN WITNESS WHEREOF, the Parties have executed and delivered this First Amendment
to be effective as of the date first written above.

 

 

EOG RESOURCES, INC.

 

 

 

 

 

By:

/s/ Randall L. Davis

 

Name:

Randall L. Davis

 

Title:

Division Land Manager

 

 

 

 

 

ZAZA ENERGY CORPORATION

 

 

 

 

 

By:

/s/ Todd A. Brooks

 

Name:

Todd A. Brooks

 

Title:

President and CEO

 

 

 

 

 

ZAZA ENERGY LLC

 

 

 

 

 

By:

/s/ Todd A. Brooks

 

Name:

Todd A. Brooks

 

Title:

Manager

 

Signature Page to First Amendment to JEDA

 

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[*] Certain information in this document has been omitted and filed separately
with the Securities and Exchange Commission. Confidential treatment has been
requested with respect to the omitted portions.

 

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Exhibit “B-1”

Schedule of ZaZa Leasehold

 

[*]

 

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[*] Certain information in this document has been omitted and filed separately
with the Securities and Exchange Commission. Confidential treatment has been
requested with respect to the omitted portions.

 

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