BLAST ENERGY SERVICES, INC.
FIRST AMENDMENT TO THE SENIOR SECURED PROMISSORY NOTE AGREEMENT
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<TYPE>EX-10.2
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<FILENAME>rrd108999_11941.htm
<DESCRIPTION>FIRST AMENDMENT TO THE SENIOR SECURED PROMISSORY NOTE AGREEMENT
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<TITLE>UNITED STATES</TITLE>


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<B><FONT FACE="Times New Roman Bold,Times New Roman"><P ALIGN="RIGHT">_</FONT>Exhibit 10.2</P>


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<B><FONT SIZE=2><P ALIGN="CENTER">FIRST AMENDMENT TO THE SENIOR SECURED PROMISSORY NOTE AGREEMENT</P>


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<P>THIS FIRST AMENDMENT (&quot;First Amendment&quot;) TO THE SENIOR SECURED PROMISSORY NOTE (&quot;Senior Note&quot;) is entered into February 6, 2006 (&quot;Effective Date&quot;) by and between Blast Energy Services, Inc. (formerly known as Verdisys, Inc.), a California corporation (&quot;Blast&quot;) in favor of Berg McAfee LLC., a California Corporation (&quot;BMC&quot;).</P>





<P>WHEREAS on July 15, 2005, Blast entered into a Senior Note in favor of BMC securing the loan for $200,000 to build the Blast Abrasive Fluid Jetting Rig #1 with a loan Maturity Date of September 15, 2006;</P>





<P>WHEREAS BMC has and now desires to extend such Maturity Date and Blast wishes to compensate BMC by paying additional interest over a longer period for said extension:</P>





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<P>THEREFORE, in view of the good and valuable consideration stated below, Blast and BMC agree as follows:</P>





<P>1.  &#9;<B>Maturity Date</B>.  </P>


<P>&#9;1.1&#9;BMC and Blast agree that they mutually agree to extend the Maturity Date in the Senior Note from July 15, 2006 to &#9;&#9;&#9;March 31, 2007.</P>





<P>&#9;1.2&#9;All other terms and conditions remain unchanged.</P>





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<P>&#9;<B>IN WITNESS WHEREOF,</B> the parties hereto have executed this Agreement as of the date first above written. </P>





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</FONT><B><FONT FACE="Garamond" SIZE=2><P ALIGN="JUSTIFY">BERG McAFEE COMPANIES, LLC</P>


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<P ALIGN="JUSTIFY">&nbsp;</P>


</B><U><P ALIGN="JUSTIFY">  /s/ Eric A. McAfee&#9;&#9;&#9;</U>     &#9;&#9;&#9;<U>  2/6/06&#9;&#9;&#9;</P>


</U><P ALIGN="JUSTIFY">Eric A. McAfee, Managing Member&#9;&#9;&#9;    &#9;&#9;Date</P>


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<P ALIGN="JUSTIFY">BLAST ENERGY SERVICES, INC. </P>


<P ALIGN="JUSTIFY">        </P>


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</B><U><P ALIGN="JUSTIFY">  /s/ John O'Keefe&#9;&#9;&#9;</U>&#9;&#9;&#9;<U>  2/20/06&#9;&#9;&#9;</P><DIR>


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</U><P ALIGN="JUSTIFY">John O'Keefe, EVP &amp; Co-CEO&#9;&#9;    &#9;     &#9;&#9;Date </P>


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