Document:

Application for the Extension of Phase Two of the Exploration Period

 Exhibit 10.46 
 

 
 November 18, 2005 
 Mr. Wang Chufeng 
 Chief Representative 
 China United Coalbed Methane Corporation Ltd. 
 No. A88 Anwai Ave 
 Beijing, P.R. China 
 100011 
  

	 	Re:	Application for the Extension of Phase Two of the Exploration Period under the Shouyang PSC 

 Dear Mr. Wang: 
 Far
East Energy Company, (“FEEC”) previously elected to enter Phase Two of the Exploration Period as described in the Production Sharing Contract for the Exploration of Coalbed Methane Resources for the Shouyang Area, in Shanxi province,
Qinshui Basin, The People’s Republic of China, (The “Shouyang PSC”). FEEC also previously requested and received a six (6) month extension of Phase Two from China United Coalbed Methane Corporation, Ltd., (“CUCBM”), by
letter dated January 24, 2005. Phase Two of the Exploration period is currently set to expire on December 31, 2005. The first well of the Phase Two commitment of the Shouyang PSC is completed, but FEEC has not yet begun drilling the second
well. Technical problems and unforeseen difficulties delayed the drilling and completion of the first Phase Two well. In order to complete the minimum work requirement of Phase Two of the Shouyang PSC, FEEC hereby submits an application to extend
Phase Two of the Exploration Period until March 31, 2006. 
 FEEC respectfully requests that CUCBM grant a three (3) month
extension of Phase Two of the Exploration Period. It is understood and agreed by FEEC that the three month extension to March 31, 2006 shall not extend the overall Exploration Period of five (5) consecutive Contract Years as set forth in
Article 4.2 of the Shouyang PSC. The granting of the requested Phase Three of the Exploration Period from one and one half Contract Year (1.5) to one and one quarter Contract Year (1.25). 
 Based upon FEEC’s previous experience and dealing. FEEC understands that Ministry of Commerce approval is not required for an amendment that does
not extend the overall five (5) year Exploration Period. It is FEEC’s further understanding that this application, if approved, shall be sufficient to extend Phase Two of the Exploration period until March 31, 2006. 
 400 N. Sam Houston Parkway E., Suite 205 Houston, TX 77060 Phone: 832-598-0470 Fax: 832-596-0479 

 

 
 Mr. Wang Chufeng 
 November 18, 2005 
 Page 2 
 Your approval of this application will be highly appreciated. If you have any questions or
concerns, please do not hesitate to contact me or Bruce Huff at FEEC. 
  

	
	Very truly yours,
	
	 /s/ Michael R. McElwrath

	Michael R. McElwrath
	Chief Executive Officer and President

 Agreed and Accepted this 2nd day of December, 2005. 
  

			
	By:	 	 /s/ Wang Chufeng

	Printed Name:	 	Wang Chufeng
	Title:	 	Chief Representative

  

 2Fourth Amendment to the Re-Established Retirement Plan for Hourly Employees

 Exhibit 10.2D 
 FOURTH AMENDMENT 
 To The 
 RE-ESTABLISHED RETIREMENT PLAN FOR HOURLY EMPLOYEES OF 
 KEWAUNEE SCIENTIFIC
CORPORATION 
 (As Amended and Restated Effective as of May 1, 2001) 
 WHEREAS, Kewaunee Scientific Corporation (the “Company”) maintains the Re-Established Retirement Plan for Hourly Employees of Kewaunee
Scientific Corporation (the “Plan”), which was most recently amended and restated in its entirety by an instrument effective as of May 1, 2001, to incorporate changes to the Internal Revenue Code of 1986, as amended (the
“Code”) made by recent Acts of Congress; and 
 WHEREAS, pursuant to Section 12.2 of the Plan, the Company reserved the
right to amend the Plan, from time to time, in its discretion as long as such amendment does not cause assets of the Trust Fund to be diverted or used for purposes other than the exclusive benefit of participants, to favor highly compensated
employees or to amend the Plan in a manner which would reduce accrued benefits in violation of Section 411(d)(6) of the Code; and 
 WHEREAS, in accordance with Section 12.2 of the Plan, the Board of Directors of the Company has found it desirable to freeze participation and benefit accrual under the Plan effective as of April 30, 2005, but to continue
to otherwise operate the Plan according to its terms and to maintain the Plan in accordance with all applicable laws, and adopted the Third Amendment to the Plan to accomplish said change; and 
 WHEREAS, in order to facilitate the Internal Revenue Service’s issuance of a favorable determination letter on behalf of the Plan as frozen,
the Board of Directors of the Company has found it desirable to adopt this Fourth Amendment to the Plan in order to clarify the Plan’s compliance with the Community Renewal Tax Relief Act of 2000.  
 NOW THEREFORE, pursuant to the authority reserved to the Company under Section 12.2 of the Plan, the Plan be and hereby is amended as set
forth below. 
  

	1.	Effective as of January 1, 1998, Article VI of the Plan is amended by the deletion of Section 6.5(f)(v) and by the addition of a new Section 6.5(f)(v) to provide as
follows: 

  

	 	“(v)	The term ‘415 Compensation’ means, for purposes of the contribution and benefit limitations of Section 415 of the Code, the amount of taxable wages reported on Form
W-2 as paid to such Participant by the Employer and all Related Companies for the calendar year which ends in or with such year, increased by any elective contributions to a cafeteria plan, 401(k) plan, or, effective January 1, 1998, a
qualified transportation arrangement, that are excluded from the Participant’s income under Section 125, Section 402(e)(3) of Section 132(f)(4) of the Code.” 

	2.	Although no corresponding amendment shall be made to any provision of the Plan, the Committee is empowered to operate and administer the Plan consistent with the amendments
reflected herein. 

 IN WITNESS WHEREOF, this Fourth Amendment to the Re-Established Retirement Plan for Hourly
Employees of Kewaunee Scientific Corporation is hereby executed by the officer duly authorized effective as of January 1, 1998. 
  

			
	KEWAUNEE SCIENTIFIC CORPORATION
		
	By:	 	 /s/ D. Michael Parker

		 	 Vice President, Finance
 On behalf of the Board of
Directors

  

 2Accounts Receivable Financing Agreement

 EXHIBIT 10.8 
 THIRD AMENDMENT TO ACCOUNTS RECEIVABLE FINANCING AGREEMENT 
 This Third Amendment to Accounts
Receivable Financing Agreement (this “Third Amendment”) is entered into as of May 2, 2005, by and between SILICON VALLEY BANK, a California-chartered bank, with its principal place of business at 3003 Tasman Drive, Santa Clara,
California 95054 and with a loan production office located at One Newton Executive Park, Suite 200, 2221 Washington Street, Newton, Massachusetts 02462 (“Bank”) and ARBINET-THEXCHANGE, INC., a Delaware corporation with its principal
place of business at 120 Albany Street, Suite 450, New Brunswick, New Jersey 08901 (“Borrower”). 
 1. DESCRIPTION OF EXISTING INDEBTEDNESS AND
OBLIGATIONS. Among other indebtedness and obligations which may be owing by Borrower to Bank, Borrower is indebted to Bank pursuant to a financing arrangement dated as of February 3, 2003, evidenced by, among other documents, a certain
Accounts Receivable Financing Agreement dated as of February 3, 2003, between Borrower and Bank, as amended by a certain First Amendment to Accounts Receivable Financing Agreement dated as of October 27, 2003, and as further amended by a
certain Second Amendment to Accounts Receivable Financing Agreement dated as of May 28, 2004 (as amended, the “AR Financing Agreement”). Capitalized terms used but not otherwise defined herein shall have the same meaning as in the AR
Financing Agreement. 
 2. DESCRIPTION OF COLLATERAL. Repayment of the Obligations is secured by the Collateral as described in the AR Financing
Agreement (together with any other collateral security granted to Bank, the “Security Documents”). 
 Hereinafter, the Security
Documents, together with all other documents evidencing or securing the Obligations shall be referred to as the “Existing Loan Documents”. 
 3.
DESCRIPTION OF CHANGE IN TERMS. 
 Modifications to AR Financing Agreement. 
  

	 	1.	The AR Financing Agreement shall be amended by deleting the following definition appearing in Section 1 thereof: 

 ““Minimum Finance Charge” is a minimum monthly Finance Charge to be imposed beginning in the first full month of this Agreement,
payable in arrears, of Fourteen Thousand Dollars ($14,000.00), which amount shall increase to Twenty Two Thousand Five Hundred Dollars ($22,500.00) when the Cap is Twenty Five Million Dollars ($25,000,000.00) as of the 2004 Closing Date.”

  

	 	    	and inserting in lieu thereof the following: 

 ““Minimum Finance Charge” is a minimum monthly Finance Charge to be imposed beginning in the first full month of this Agreement, payable in arrears, of: (a) through, and including, April 30, 2005, Fourteen
Thousand Dollars ($14,000.00), which amount shall increase to Twenty Two Thousand Five Hundred Dollars ($22,500.00) when the Cap is Twenty Five Million Dollars ($25,000,000.00) as of the 2004 Closing Date, and (b) as of, and subsequent to,
May 1, 2005, Six Thousand Dollars ($6,000.00).” 
 4. FEES. The Borrower shall be obligated to reimburse Bank for any reasonable legal fees
and expenses incurred in connection with this amendment to the Existing Loan Documents. 
 5. CONSISTENT CHANGES. The Existing Loan Documents are
hereby amended wherever necessary to reflect the changes described above. 

 6. RATIFICATION OF LOAN DOCUMENTS. Borrower hereby ratifies, confirms, and reaffirms all terms and conditions of
all security or other collateral granted to the Bank, and confirms that the indebtedness secured thereby includes, without limitation, the Obligations. 
 7.
NO DEFENSES OF BORROWER. Borrower hereby acknowledges and agrees that Borrower has no offsets, defenses, claims, or counterclaims against Bank with respect to the Obligations, or otherwise, and that if Borrower now has, or ever did have, any
offsets, defenses, claims, or counterclaims against Bank, whether known or unknown, at law or in equity, all of them are hereby expressly WAIVED and Borrower hereby RELEASES Bank from any liability thereunder. 
 8. CONTINUING VALIDITY. Borrower understands and agrees that in modifying the existing Obligations, Bank is relying upon Borrower’s representations,
warranties, and agreements, as set forth in the Existing Loan Documents. Except as expressly modified pursuant to this Third Amendment, the terms of the Existing Loan Documents remain unchanged and in full force and effect. Bank’s agreement to
modifications to the existing Obligations pursuant to this Third Amendment in no way shall obligate Bank to make any future modifications to the Obligations. Nothing in this Third Amendment shall constitute a satisfaction of the Obligations. It is
the intention of Bank and Borrower to retain as liable parties all makers of Existing Loan Documents, unless the party is expressly released by Bank in writing. No maker will be released by virtue of this Third Amendment. 
 9. COUNTERSIGNATURE. This Third Amendment shall become effective only when it shall have been executed by Borrower and Bank. 
 [The remainder of this page is intentionally left blank] 

 This Third Amendment is executed as a sealed instrument under the laws of the Commonwealth of
Massachusetts as of the date first written above. 
  

									
	BORROWER:	 		 	BANK:
	ARBINET-THEXCHANGE, INC.	 		 	SILICON VALLEY BANK
					
	By:	 	 /s/ John Roberts
	 		 	By:	 	 /s/ David Reich

	Name:	 	John Roberts	 		 	Name:	 	 David Reich

	Title:	 	CFO	 		 	Title:	 	 Senior Vice President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00099-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00099-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00099-of-00352.parquet"}]]