Item  1.01 Entry into a Material Definitive Agreement.

On July 9, 2007, Syntroleum International Corporation (“Syntroleum International”), a direct wholly owned subsidiary of Syntroleum Corporation (“Syntroleum”), and Syntroleum have agreed to enter into a third amendment deed (the “Third Amendment”) with African Energy Equity Resources Limited (“AEER”), a direct wholly owned subsidiary of Energy Equity Resources (Norway) Limited (“EERNL”), and EERNL. The Third Amendment will amend the terms and conditions of the share sale and purchase agreement that the parties entered into on January 19, 2007, the terms and conditions of the first amendment deed the parties entered into on March 30, 2007, and the terms and conditions of the second amendment deed the parties entered into on June 21, 2007. Under the Third Amendment, instead of paying $7,171,802 by July 2, 2007, AEER will pay Syntroleum International by August 3, 2007 the sum of $7,171,802 plus interest from May 9, 2007 on such amount.

 

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.  

         
 
       
 
      SYNTROLEUM CORPORATION
 
       
Date: July 9, 2007
  By:   /s/ Richard L. Edmonson
 
     
 
      Richard L. Edmonson
Senior Vice President, General Counsel and Corporate Secretary

 

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