0001085037-14-000040 Sample Contracts

NATION ENERGY INC. Suite F - 1500 West 16th Avenue Vancouver BC V6H 4B9 Canada
First Amendment to Letter Agreement • April 8th, 2014 • Nation Energy Inc • Oil & gas field exploration services

This letter sets out the first amendment to the letter agreement dated October 11, 2013 (“Agreement”) reached among Nation Energy Inc. as purchaser (“the Purchaser”), and Paltar Petroleum Limited (the "Vendor") regarding the transfer and sale by the Vendor of certain Australian oil and gas permit and application assets. Marc Bruner (“Bruner”) as an indirect major shareholder and CEO of the Vendor agrees to the terms of this amendment.

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