Document:

Form of Letter Agreement with Yang, Ward and Brown.

 Exhibit 10.3 
 April         , 2007 
 [Employee] 
 400 N Sam Houston Parkway East 
 Suite 205 
 Houston, Texas 77067 
 Dear [Employee]: 
 Reference is hereby made to [that certain/those certain option agreement(s) dated
                    ] between Far East Energy Corporation (the “Company”) and you (the “Option Agreement”). Any terms used
but not herein defined shall have the meaning ascribed to them in the Company’s 2005 Stock Incentive Plan (the “Plan”). 
 This letter agreement confirms our understanding that effective as of the date hereof, notwithstanding any terms and conditions of the Option Agreement, the Plan or any other agreement to the contrary: 
  

	 	1.	If your employment with the Company and its subsidiaries is terminated by the Company without Cause (as defined below) upon or within 24 months following the occurrence of a Change
of Control, then all options granted to you shall be immediately and fully vested and exercisable as of the date of termination and all restrictions on restricted stock awarded to you shall be removed and all rights to such stock shall be vested as
of the date of termination. For the purposes of this letter agreement, “Cause” shall mean (i) your gross and willful misappropriation or theft of the Company’s or any of its subsidiary’s funds or property; (ii) your
conviction of, or plea of guilty or nolo contendere to, any felony or crime involving dishonesty or moral turpitude; or (iii) your complete and total abandonment of employment duties at the Company for a period of thirty consecutive days (other
than for reason of Disability). 

  

	 	2.	 With respect to any Option Agreement granted under the terms of the Plan, in the event of a Reorganization in which the Company is not the surviving or acquiring
company, or in which the Company is or becomes a wholly-owned subsidiary of another company or entity after the effective date of the Reorganization, then (i) if there is no plan or agreement respecting the Reorganization (“Reorganization
Agreement”) or if the Reorganization Agreement does not specifically provide for the change, conversion or exchange of the shares of common stock of the Company subject to each such Option Agreement (the “Option Shares”) under
outstanding unexercised Options for securities of another corporation, then the Option shall terminate as of a date to be fixed by the Committee, provided that not less than 30 days written notice of the date so fixed shall be given to you and
you shall have the right during such period to exercise the Option as to all or any part of the Option Shares covered by such Option Agreement; or (ii) if there is a Reorganization Agreement and if the Reorganization Agreement specifically
provides for the change, conversion or exchange of the Option Shares under outstanding or unexercised options for securities, cash or property of another corporation or entity, then the Committee shall adjust the Option Shares under such outstanding
unexercised Options (and shall adjust the Option Shares which are then available to be optioned, if the Reorganization Agreement makes specific provisions therefor) in a manner not inconsistent with the provisions of the Reorganization Agreement for
the adjustment, change, conversion or exchange of such stock and such options. For purposes of this letter agreement, “Reorganization” shall mean any merger, consolidation, sale of all or substantially all of the assets of the Company, or
sale, pursuant to 

	 	 
an agreement with the Company, of securities of the Company pursuant to which the Company is or becomes a wholly-owned subsidiary of another company or
entity after the effective date of the Reorganization. 

 The terms and provisions set forth in this letter agreement shall
modify and supersede all inconsistent terms and provisions set forth in the Option Agreement. Except as expressly modified and superseded by this letter agreement, the Company and you each hereby (a) ratify and confirm the Option Agreement,
(b) agree that the same shall continue in full force and effect, and (c) agree that the same are the legal, valid and binding obligations of the Company and you, enforceable against the Company and you in accordance with its terms. With
respect to any Option Agreement granted under the terms of the Plan, this letter agreement is deemed to be incorporated into and made a part of each Option Agreement. 
 This letter agreement is the entire agreement between the Company and you and supersedes all previous agreements and understandings between us relating to the subject matter of this letter agreement. This letter
agreement cannot be amended without the consent of you and the Company. This letter agreement is binding upon and shall inure to the benefit of you, the Company and the respective successors and assigns of the parties. 
 If this letter and its terms are acceptable, please acknowledge below. 
  

			
	Sincerely,
	
	Far East Energy Corporation
		
	By:	 	  
	Name:
	Title:

  

	
	Agreed and Acknowledged:
	
	   
	[Employee]Form of Letter Agreement with the Company's non-employee directors.

 Exhibit 10.4 
 April         , 2007 
 [Director] 
 400 N Sam Houston Parkway East 
 Suite 205 
 Houston, Texas 77067 
 Dear [Director]: 
 Reference is hereby made to [that certain/those certain option agreement(s) dated
                    ] between Far East Energy Corporation (the “Company”) and you (the “Option Agreement”). Any terms used
but not herein defined shall have the meaning ascribed to them in the Company’s 2005 Stock Incentive Plan (the “Plan”). 
 This letter agreement confirms our understanding that effective as of the date hereof, notwithstanding any terms and conditions of the Option Agreement, the Plan or any other agreement to the contrary: 
  

	 	3.	If a Termination of Service in your capacity as a director of the Company occurs upon or within 24 months following the occurrence of a Change of Control, then all options granted
to you shall be immediately and fully vested and exercisable as of the date of termination and all restrictions on restricted stock awarded to you shall be removed and all rights to such stock shall be vested as of the date of termination.

  

	 	4.	With respect to any Option Agreement granted under the terms of the Plan, in the event of a Reorganization in which the Company is not the surviving or acquiring company, or in
which the Company is or becomes a wholly-owned subsidiary of another company or entity after the effective date of the Reorganization, then (i) if there is no plan or agreement respecting the Reorganization (“Reorganization
Agreement”) or if the Reorganization Agreement does not specifically provide for the change, conversion or exchange of the shares of the Company subject to each such Option Agreement (the “Option Shares”) under outstanding unexercised
Options for securities of another corporation, then the Option shall terminate as of a date to be fixed by the Committee, provided that not less than 30 days written notice of the date so fixed shall be given to you and you shall have the right
during such period to exercise the Option as to all or any part of the Option Shares covered by such Option Agreement; or (ii) if there is a Reorganization Agreement and if the Reorganization Agreement specifically provides for the change,
conversion or exchange of the Option Shares under outstanding or unexercised options for securities, cash or property of another corporation or entity, then the Committee shall adjust the Option Shares under such outstanding unexercised Options (and
shall adjust the Option Shares which are then available to be optioned, if the Reorganization Agreement makes specific provisions therefor) in a manner not inconsistent with the provisions of the Reorganization Agreement for the adjustment, change,
conversion or exchange of such stock and such options. For purposes of this letter agreement, “Reorganization” shall mean any merger, consolidation, sale of all or substantially all of the assets of the Company, or sale, pursuant to an
agreement with the Company, of securities of the Company pursuant to which the Company is or becomes a wholly-owned subsidiary of another company or entity after the effective date of the Reorganization. 

 The terms and provisions set forth in this letter agreement shall modify and supersede all inconsistent terms and provisions set forth in the Option
Agreement. Except as expressly modified and superseded by this 

 
letter agreement, the Company and you each hereby (a) ratify and confirm the Option Agreement, (b) agree that the same shall continue in full force
and effect, and (c) agree that the same are the legal, valid and binding obligations of the Company and you, enforceable against the Company and you in accordance with its terms. With respect to any Option Agreement granted under the terms of
the Plan, this letter agreement is deemed to be incorporated into and made a part of each Option Agreement. 
 This letter agreement is the
entire agreement between the Company and you and supersedes all previous agreements and understandings between us relating to the subject matter of this letter agreement. This letter agreement cannot be amended without the consent of you and the
Company. This letter agreement is binding upon and shall inure to the benefit of you, the Company and the respective successors and assigns of the parties. 
 If this letter and its terms are acceptable, please acknowledge below. 
  

			
	Sincerely,
	
	Far East Energy Corporation
		
	By:	 	  
	Name:
	Title:

  

	
	Agreed and Acknowledged:
	
	   
	[Director]First Amend. to Amended & Restated Employment Agreement of Michael R. McElwrath.

 Exhibit 10.5 
 FIRST AMENDMENT TO 
 AMENDED AND RESTATED EMPLOYMENT AGREEMENT 
 This First Amendment to the Amended and Restated Employment Agreement (this
“Amendment”) is entered this 16th day of April, 2007 (the “Effective Date”), by
and between Far East Energy Corporation, a Nevada corporation (the “Company”) and Michael R. McElwrath (the “Executive”). 
 RECITALS 
 WHEREAS, the Company and the Executive entered into that certain Amended and Restated
Employment Agreement dated effective December 23, 2004 (the “Existing Agreement”); and 
 WHEREAS, the Company and the
Executive desire to amend the Existing Agreement on the terms herein provided. 
 NOW, THEREFORE, in consideration of the premises and mutual
covenants and agreements of the parties herein contained, the parties hereto agree as follows: 
 Definitions 
 Capitalized terms used in this Amendment that are not defined herein shall have the meanings ascribed thereto by the Existing Agreement. 
 Amendments 
 Paragraph following
Section 6(a)(iii). The paragraph immediately following Section 6(a)(iii) of the Existing Agreement is hereby amended and restated to read in its entirety as follows: 
 “Within three years following Executive’s termination of employment, Executive or Executive’s estate, heirs, executors,
administrators, or personal or legal representatives, as the case may be, shall be entitled to exercise all options granted to him that are vested and exercisable pursuant to this Agreement or otherwise and all such options not exercised within such
three year period shall be forfeited. In the event of the death or Disability of the Executive, then any payment due under this Section 6(a) shall be made to Executive’s estate, heirs, executors, administrators, or personal or legal
representatives, as the case may be.” 
 Section 6(c)(iv) and Section 6(c)(v). Section 6(c)(iv) and Section 6(c)(v) of the
Existing Agreement are hereby amended and restated to read in their entirety as follows: 
 “(iv) Executive shall be
entitled to exercise all options granted to him to the extent vested and exercisable at the date of termination of Executive’s employment; provided that if Executive’s termination of employment by the Company or the Executive is upon or
within 

 
24 months following the occurrence of a Change of Control, then all options granted to Executive shall be immediately and fully vested and exercisable as of
the date of termination; and 
 (v) if Executive’s termination of employment by the Company or the Executive is upon or
within 24 months following the occurrence of a Change of Control, then all restrictions on restricted stock awarded to Executive shall be removed and all rights to such stock vested as of the date of terminations.” 
 Paragraph following Section 6(c)(v). The paragraph immediately following Section 6(c)(v) of the Existing Agreement is amended and restated to read in
its entirety as follows: 
 “The payment of the lump sum amount under this Section 6(c)(i) shall be made on the
expiration of the sixth month following the earlier of the date of termination of Executive’s employment or the death of the Executive; provided that, notwithstanding the foregoing, to the extent that any payment under this Section 6(c) is
not considered “non-qualified deferred compensation” and/or the Executive is not considered a “key employee” of the Company within the meaning of 409A of the Internal Revenue Code of 1986, as amended, and the Treasury Regulations
promulgated thereunder, then such payment shall be made within 10 business days following the earlier of the date of termination of Executive’s employment or the death of the Executive. Within three years following Executive’s termination
of employment, Executive or Executive’s estate, heirs, executors, administrators, or personal or legal representatives, as the case may be, shall be entitled to exercise all options granted to him that are vested and exercisable pursuant to
this Agreement or otherwise and all such options not exercised within such three year period shall be forfeited. All options and restricted stock that are not vested and exercisable pursuant to this Agreement or otherwise as of the date of, or as a
result of, Executive’s termination of employment shall be forfeited. In the event of the death or Disability of the Executive, then any payment due under this Section 6(c) shall be made to Executive’s estate, heirs, executors,
administrators, or personal or legal representatives, as the case may be.” 
 Section 7(d). Section 7(d) of the Existing Agreement is
amended and restated to read in its entirety as follows: 
 “(d) if individuals who, as of April 16, 2007,
constitute the Board of the Company (the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board; provided, however, that any individual becoming a director subsequent to the date hereof whose
election, or nomination for election by the Company’s stockholders, was approved by a vote of at least a majority of the directors then constituting the Incumbent Board shall be considered as though such individual were a member of the
Incumbent Board; provided further that in no event shall any such individual be deemed to be a member of the Incumbent Board, whether or not previously or currently a member of the Incumbent Board, if such individual’s assumption of office
occurs, directly or indirectly, as a result of either an 

 
actual or threatened election contest subject to Regulation 14A promulgated under the Exchange Act or other actual or threatened solicitation of proxies or
consents by or on behalf of a Person other than the Board; or” 
 Section 24. Section 24 of the Existing Agreement is amended and
restated to read in its entirety as follows: 
 “24. Amendment and Restatement. This Agreement constitutes an
amendment, modification and restatement of the Prior Agreement. This Agreement contains the entire understanding between the parties hereto and supersedes any prior employment agreement between the Company or any predecessor of the Company and
Executive, including the Prior Agreement, except that this Agreement shall not affect or operate to reduce any benefit or compensation inuring to Executive of a kind elsewhere provided and not expressly provided for in this Agreement. In the event
of any conflict between the terms and conditions of this Agreement, on the one hand, and the terms and conditions of any option agreement, restricted stock or other equity award agreement with the Executive or any equity plan of the Company, on the
other hand, with respect to the exercise of any option, restricted stock or other equity award granted or awarded by the Company to the Executive, the effect of a Change in Control or the vesting of such options, restricted stock or other equity
award upon or following a Change in Control, the terms and conditions of this Agreement shall control.” 
 Miscellaneous

 Ratifications. The terms and provisions set forth in this Amendment shall modify and supersede all inconsistent terms and provisions set
forth in the Existing Agreement. Except as expressly modified and superseded by this Amendment, the Company and the Executive each hereby (a) ratifies and confirms the Existing Agreement, (b) agrees that the same shall continue in full
force and effect, and (c) agrees that the same are the legal, valid and binding obligations of the Company and the Executive, enforceable against the Company and the Executive in accordance with its respective terms. 
 Severability. If, for any reason, any provision of this Amendment is held invalid, illegal or unenforceable such invalidity, illegality or unenforceability shall
not affect any other provision of this Amendment not held so invalid, illegal or unenforceable, and each such other provision shall, to the full extent consistent with law, continue in full force and effect. In addition, if any provision of this
Amendment shall be held invalid, illegal or unenforceable in part, such invalidity, illegality or unenforceability shall in no way affect the rest of such provision not held so invalid, illegal or unenforceable and the rest of such provision,
together with all other provisions of this Amendment, shall, to the full extent consistent with law, continue in full force and effect. If any provision or part thereof shall be held invalid, illegal or unenforceable, to the fullest extent permitted
by law, a provision or part thereof shall be substituted therefor that is valid, legal and enforceable. 

 Headings. The headings of Sections are included solely for convenience of reference and shall not control the
meaning or interpretation of any of the provisions of this Amendment. 
 Governing Law. This Amendment has been executed and delivered in the State of
Texas, and its validity, interpretation, performance and enforcement shall be governed by the laws of Texas, without giving effect to any principles of conflicts of law. 
 Withholding. All amounts paid pursuant to this Amendment shall be subject to withholding for taxes (federal, state, local or otherwise) to the extent required by applicable law. 
 Counterparts. This Amendment may be executed in counterparts, each of which, when taken together, shall constitute one original Amendment. 
 Waiver. No term or condition of this Amendment shall be deemed to have been waived, nor shall there be any estoppel against the enforcement of any provision of
this Amendment or the Existing Agreement, except by written instrument of the party charged with such waiver or estoppel. No such written waiver shall be deemed a continuing waiver unless specifically stated therein, and each such waiver shall
operate only as to the specific term or condition waived and shall not constitute a waiver of such term or condition for the future or as to any act other than that specifically waived. 
 Entire Agreement. The Existing Agreement and this Amendment, together, contain the entire understanding between the parties hereto and supersedes any prior employment agreement between the Company or any
predecessor of the Company and Executive except that this Amendment shall not affect or operate to reduce any benefit or compensation inuring to Executive of a kind elsewhere provided and not expressly provided for in the Existing Agreement or this
Amendment. 

 IN WITNESS WHEREOF, the Company has caused its duly authorized officer or director to execute and attest to this
Amendment, and Executive has placed this signature hereon, effective as of the date below. 
  

									
	FAR EAST ENERGY CORPORATION	 		 	
				
	By:	 	/s/ Bruce N. Huff	 		 	Date: April 16, 2007
	Name:	 	Bruce N. Huff	 		 		 	
	Title:	 	Chief Financial Officer	 		 		 	
			
	EXECUTIVE	 		 	
			
	/s/ Michael R. McElwrath	 		 	Date: April 16, 2007
	Michael R. McElwrath

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