Document:

EX-10.12

Exhibit 10.12

 

 

Agreement

This Agreement is executed by the following Parties on 18 September 2007:

Party A:          Zhang Ruilin

Passport Number: G18206054

           G18206054

			
	Party B:	 	Far East Energy Limited

			
	Address:	 	Room 2105, 21/F, Office Tower Langham Place, 8 Argyle Street, Mongkok, Kowloon, Hong Kong

			
		 	Room 2105, 21/F, Office Tower Langham Place, 8 Argyle Street, Mongkok, Kowloon, Hong Kong

Party A and Party B shall be referred to individually as a “Party” or collectively as the
“Parties”.

Whereas:

	1.	 	Party A has paid several sums of amount on behalf of Party B to third parties upon requests
of Party B accumulatively in an aggregate amount of USD51,959,559.24 (the “Payments”);
	 
	 	 	
	 
	2.	 	Party B agrees to repay the Payments to Party A in accordance with this Agreement.
	 
	 	 	

Therefore, the Parties have through friendly consultation reached the following agreement on
repayment of the Payments by Party B to Party A:

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Article 1. Confirmation of Payments and Repayment

The Parties hereby agree and confirm that Party A has made the Payments to third parties on
behalf of Party B.

Party B shall make a repayment to Party A of all the amount of the Payments on the date
falling 6 years after the date of this Agreement, provided that Party B shall be permitted to
prepay the amount of the Payments in whole or in part at any time prior to such date without
premium or penalty.

Article 2. Representations and Warrants

The Parties hereby make the following Representations and Warrants:

The Parties have full power, authority and legal rights to execute this Agreement;

     

Each party’s obligations under this agreement shall be lawful, valid and enforceable;

     

The fact that the Parties execute this Agreement shall not contradict with or cause the
violation of any laws, regulation, judgments, orders, authorizations, agreements or
obligation applicable to them.

     

Article 3. Governing Law

This Agreement shall be governed by and construed according to the laws of Hong Kong.

Article 4. Dispute Settlement

Any dispute, controversy or claim arising out of or relating to this Agreement, or the

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breach termination or invalidity thereof, shall be settled by arbitration in accordance with
the UNCITRAL Arbitration Rules as at present in force and as may be amended by the rest of this
clause. The appointing authority shall be Hong Kong International Arbitration Centre. The place of
arbitration shall be in Hong Kong at Hong Kong International Arbitration Centre (HKIAC). There
shall be only one arbitrator. The languages to be used in the arbitral proceedings shall be Chinese
and English. Any such arbitration shall be administered by HKIAC in accordance with HKIAC
Procedures for Arbitration in force at the date of this Agreement including such additions to the
UNCITRAL Arbitration Rules as are therein contained.

Article 5. Miscellaneous

	1.	 	Any amendment, modification or supplement to this Agreement must adopt the written form and
shall be effective upon its execution by the Parties to this Agreement.
	 
	 	 	
	 
	2.	 	This Agreement shall take on effect as of the date on which the Agreement is executed by
the Authorized Representative of Party A with its signature and official seal and by Party B
with its signature affixed thereon.
	 
	 	 	
	 
	3.	 	This Agreement shall be executed in bilingual form in four original copies; each Party
shall hold two (2) original copies. All of the original copies shall be equally effective.
In the event of any inconsistency between the English and Chinese language in this
Agreement, the English language shall prevail.
	 
	 	 	

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Signature Page

Party A:     Zhang Ruilin

Signature: /s/ Zhang Ruilin     

Date: 18 September 2007

	 	 	 
	Party B:     Far East Energy Limited (Official Seal)

	 	
	

	 	
	 

	 	
	 
	 	 
	Authorized Representative: Zhao Jiangwei 

	 	 
	

	 	

Signature: /s/ Zhao Jiangwei    

Date: 18 September 2007

4EX-10.13

Exhibit 10.13

 

 

			
	 	 	 
	CLIFFORD
	 	CLIFFORD CHANCE WONG PTE LTD
	CHANCE	 	 
	WONG	 	 

DATED 08 MAY 2008

MI ENERGY CORPORATION

as Lender

and

FAR EAST ENERGY LIMITED

as Borrower

 

INTERCOMPANY LOAN AGREEMENT

 

 

 

CONTENTS

	 	 	 	 	 
	Clause	 	Page	 
	1. Definitions
	 	 	1	 
	 
	2. Advances
	 	 	1	 
	 
	3. Interest
	 	 	1	 
	 
	4. Repayment
	 	 	2	 
	 
	5. Payments
	 	 	2	 
	 
	6. Governing Law
	 	 	2	 

 

 

THIS AGREEMENT is made on 08 May 2008

BETWEEN:

	(1)	 	FAR EAST ENERGY LIMITED, a company organised under the laws of Hong Kong (the “Borrower”);
and

	(2)	 	MI ENERGY CORPORATION, a corporation organised and existing under the laws of the Cayman
Islands and having an office at: c/o M&C Corporate Services Limited, P.O. Box 309 GT, Ugland
House, South Church Street, George Town, Grand Cayman, Cayman Islands (the “Lender”).

IT IS AGREED as follows:

	1.	 	DEFINITIONS
	 
	 	 	“Advance” means an advance (as from time to time reduced by repayment or prepayment) made
or to be made by the Lender hereunder.
	 
	 	 	“Availability Period” means the period from and including the date of this Agreement to and
including the day falling 30 days after the date of this Agreement.
	 
	 	 	“Borrowing Base Facility Agreement” means the facility agreement dated 29 October 2007
between, amongst others, the Lender as borrower and Standard Bank Asia Limited as arranger,
agent and security trustee (as amended by a waiver and amendment letter dated 23 November
2007 and as may be further amended, varied, novated or supplemented from time to time).

	2.	 	ADVANCES
	 
	2.1	 	On the Borrower’s request but subject to Clause 2.2 below, the Lender agrees that it shall
make Advances to the Borrower at the time and in the amount specified in such request.
Provided that:

	 	2.1.1	 	the proposed date for the making of the Advance falls within the Availability
Period; and
	 
	 	2.1.2	 	the total aggregate amount of Advances made by the Lender hereunder shall not
exceed $20,000,000.

	2.2	 	The Lender shall not be obliged to comply with a request made pursuant to Clause 2.1 if,
following the receipt thereof, the board of directors of the Lender determines either:

	 	2.2.1	 	that the Lender is insolvent; or
	 
	 	2.2.2	 	that compliance with such request would prejudice the Lender’s ability to pay
its debts as they fall due.

	3.	 	INTEREST
	 
	3.1	 	Interest (if any) shall be payable on the amount of an Advance outstanding at the rate per
annum which agreed upon between the Borrower and the Lender from time to time and shall be
calculated on the basis of a 360 day year and the number of days elapsed.

- 1 -

 

	3.2	 	Interest (if any) on an Advance shall be payable at such times as may be agreed between
the Borrower and the Lender.
	 
	4.	 	REPAYMENT
	 
	 	 	Each Advance (together with any interest accrued thereon and other amounts due or owing to
the Lender in connection with such Advance) shall be repayable by the Borrower on the date
falling six years after the date of this Agreement, or, following the occurrence of an Event
of Default (as such term is defined in the Borrowing Base Facility Agreement) under the
Borrowing Base Facility Agreement, on demand of the Lender provided that the Borrower may
prepay any Advance in whole or in part at any time without premium or penalty.
	 
	5.	 	PAYMENTS
	 
	 	 	Unless required by law and unless the Borrower and the Lender agree otherwise, all payments
made by the Borrower hereunder shall be made free and clear of and without any deduction for
or on account of any tax, set-off or counterclaim.
	 
	6.	 	GOVERNING LAW
	 
	 	 	This Agreement shall be governed by English Law.

AS WITNESS the hands of the duly authorised representatives of the parties hereto the day and year
first before written.

- 2 -

 

SIGNATURE PAGES TO

INTERCOMPANY LOAN AGREEMENT BETWEEN

MI ENERGY CORPORATION AND

FAR EAST ENERGY LIMITED

	 	 	 
	The Borrower
	 	 
	 
	 	 
	FAR EAST ENERGY LIMITED
	 	 
	 
	 	 
	By: /s/ Zhang Ruilin
 

Name: Zhang Ruilin

	 	 
	Title:  Chairman
	 	 
	 
	 	 
	The Lender
	 	 
	 
	 	 
	MI ENERGY CORPORATION
	 	 
	 
	 	 
	By: /s/ Forrest Dietrich
 

Name: Forrest Dietrich

	 	 
	Title CEOEX-10.14

Exhibit 10.14

 

 

			
	 	 	 
	CLIFFORD
	 	CLIFFORD CHANCE WONG PTE LTD
	CHANCE

WONG
	 	

DATED 26 JUNE 2008

MI ENERGY CORPORATION

as Borrower

and

FAR EAST ENERGY LIMITED

as Lender

 

INTERCOMPANY LOAN AGREEMENT

(MIE LOAN 2)

 

 

 

CONTENTS

	 	 	 	 	 
	Clause	 	 	Page	 
	1. Definitions
	 	 	1	 
	 
	2. Advances
	 	 	1	 
	 
	3. Interest
	 	 	2	 
	 
	4. Repayment
	 	 	2	 
	 
	5. Payments
	 	 	2	 
	 
	6. Governing Law
	 	 	2	 

 

 

THIS AGREEMENT is made on 26 June 2008

BETWEEN:

	(1)	 	FAR EAST ENERGY LIMITED, a company organised under the laws of Hong Kong
(the “Lender”); and
	 
	(2)	 	MI ENERGY CORPORATION, a corporation organised and existing under the laws of the
Cayman Islands and having an office at: c/o M&C Corporate Services Limited, P.O. Box 309 GT,
Ugland House, South Church Street, George Town, Grand Cayman, Cayman Islands (the “Borrower”).

IT IS AGREED as follows:

	1.	 	DEFINITIONS
	 
	 	 	“Advance” means the advance (as from time to time reduced by repayment or prepayment) made
or to be made by the Lender hereunder.
	 
	 	 	“Availability Period” means the period from and including the date of this Agreement to and
including the day falling 30 days after the date of this Agreement.
	 
	 	 	“Bridge Facility Agreement” means the facility agreement dated 6 June 2008 between, amongst
others, the Lender as borrower and Standard Bank Asia Limited as arranger, agent and
security trustee (as amended, varied, novated or supplemented from time to time).
	 
	2.	 	ADVANCES
	 
	2.1	 	On the Borrower’s request but subject to Clause 2.2 below, the Lender agrees that it
shall make an Advance to the Borrower at the time and in the amount specified in such request.
Provided that:

	 	2.1.1	 	the proposed date for the making of the Advance falls within the Availability
Period; and
	 
	 	2.1.2	 	a single Advance of up to $9,000,000 shall be made by the Lender hereunder;
and
	 
	 	2.1.3	 	the proceeds of the Advance shall be deposited by the Lender directly
into the SPDB-ZR Loan Account (as defined in the Bridge Facility Agreement).

	2.2	 	The Lender shall not be obliged to comply with a request made pursuant
to Clause 2.1 if, following the receipt thereof, the board of directors of the
Lender determines either:

	 	2.2.1	 	that the Lender is insolvent; or
	 
	 	2.2.2	 	that compliance with such request would prejudice the
Lender’s ability to pay its debts as they fall due.

- 1 -

 

	3.	 	INTEREST
	 
	3.1	 	Interest (if any) shall be payable on the amount of the
Advance outstanding at the rate
per annum which agreed upon between the Borrower and the Lender from time to time and
shall be calculated on the basis of a 360 day year and the number of days elapsed.
	 
	3.2	 	Interest (if any) on the Advance shall be payable at such times as may be agreed between
the Borrower and the Lender.
	 
	4.	 	REPAYMENT
	 
	 	 	The Advance (together with any interest accrued thereon and other amounts due or owing
to the Lender in connection with the Advance) shall be repayable by the Borrower on the
date falling six years after the date of this Agreement, or, following the occurrence of
an Event of Default (as such term is defined in the Bridge Facility Agreement) under the
Bridge Facility Agreement, on demand of the Lender provided that the Borrower may prepay
the Advance in whole or in part at any time without premium or penalty.
	 
	5.	 	PAYMENTS
	 
	 	 	Unless required by law and unless the Borrower and the Lender agree otherwise, all payments
made by the Borrower hereunder shall be made free and clear of and without any
deduction for or on account of any tax, set-off or counterclaim.
	 
	6.	 	GOVERNING LAW
	 
	 	 	This Agreement shall be governed by English Law.

AS WITNESS the hands of the duly authorised representatives of the parties hereto the day and year
first before written.

- 2 -

 

SIGNATURE PAGES TO

MIE LOAN 2 AGREEMENT

			
	 	 	 
	The
Borrower

MI ENERGY CORPORATION
	 	

	 	 	 	 	 
	By:

	 	/s/ Zhao Jiangwei
 

	 	 
	Name:

	 	 

Zhao Jiangwei
	 	 
	Title:

	 	Director	 	 

The Lender

FAR EAST ENERGY LIMITED

	 	 	 	 	 
	By:

	 	/s/ Zhang Ruilin	 	 
	Name:

	 	 
Zhang Ruilin
	 	 
	Title:

	 	Director

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