NATION ENERGY INC.
Suite F - 0000 Xxxx 00xx Xxxxxx
Xxxxxxxxx XX X0X 0X0 Xxxxxx
February 8, 2016
TO:
Paltar Petroleum Limited
0000 Xxxxx Xxxxxx, Xxxxx 0000
Xxxxxx, Xxxxxxxx 00000
Attention:
Xx. Xxxx X. Xxxxxx
Dear Sirs:
RE:
Second Amendment to Third Amended and Restated Agreement
By this letter, effective as of February 8, 2016, Nation Energy Inc. (“Nation”) and Paltar Petroleum Limited (“Paltar”) amend their Third Amended and Restated Agreement dated August 30, 2015 and amended by the First Amendment Third Amended and Restated Agreement dated effective December 17, 2015 (as amended the “Agreement”), principally to extend the time allowed for certain actions contemplated in the Agreement. Capitalized terms not specifically defined in this Second Amendment to Third Amended and Restated Agreement (the “Amendment”) shall have the meaning accorded them in the Agreement. All dollar amounts in this Agreement are expressed in Australian dollars. Xxxx X. Xxxxxx (“Xxxxxx”) and Xxxx X. Xxxxxx (“Xxxxxx”), as major shareholders (indirectly or directly) of Paltar and Nation, respectively, agree to the terms of this Amendment.
Nation and Paltar amend the Agreement as follows:
1.
All references to February 9, 2016 in items 3, 11, and 18(b) of the Agreement are hereby amended to February 19, 2016.
2.
All reference to February 8, 2016 in item 18(d) of the Agreement is hereby amended to February 18, 2016.
No changes or amendments other than those expressly set forth above are being made in the Agreement. Nation and Paltar confirm and ratify the validity and current effectiveness of the Agreement, as amended by this Amendment.
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If the foregoing correctly sets out our agreed amendments, please execute this letter in the space provided.
PALTAR PETROLEUM LIMITED
Per:
/s/ Xxxxxx X. Xxxxxx
Per:
/s/ Xxxx X. Xxxxxx
Authorized Signatory
Xxxxxx X. Xxxxxx, Vice President
Authorized Signatory
AGREED TO AND ACCEPTED,
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/s/ Xxxxxxx X. Xxxxxx
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Witness Signature
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Xxxxxxx X. Xxxxxx
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/s/ Xxxx X. Xxxxxx
Name
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XXXX X. XXXXXX
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Xxxxxxxxx 00, Xxxxxxxxx,
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Xxxxxxxxxxx 0000
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Address
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Witness Signature
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Name
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XXXX X. XXXXXX
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Address
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