Common Contracts

AMENDED AND RESTATED SETTLEMENT AGREEMENT

Settlement Agreement • July 1st, 2012 • Delaware

• Contract Type
  Settlement Agreement
• Filed
  July 1st, 2012
• Jurisdiction
  Delaware

This Amended and Restated Settlement Agreement, dated as of June 29, 2012 (this “Amended and Restated Settlement Agreement”), is made by and among (i) Bontan Corporation, Inc., an Ontario corporation (“BCI”), (ii) Israel Petroleum Company, Limited, a Cayman Islands limited company (“IPC Cayman”), (iii) International Three Crown Petroleum LLC, a Colorado limited liability company (“ITCP”), (iv) JKP Petroleum Company LLC (“JKP” and, together with IPC Cayman and ITCP, the “IPC Parties”), (v) Three Crown Petroleum LLC, a Colorado limited liability company (“TCP”), and (vi) H. Howard Cooper, an individual (“Cooper” and, together with BCI, the IPC Parties and TCP, the “Parties”).