NATION ENERGY INC. Suite F - 1500 West 16th Avenue Vancouver BC V6H 4B9 CanadaNation Energy Inc • June 18th, 2015 • Oil & gas field exploration services • Wyoming
This letter sets out the Second Amended and Restated Agreement (“Agreement”) reached among Nation Energy Inc., as farmee and optionee (“Nation”), and Paltar Petroleum Limited ("Paltar"), as farmor and optionor, regarding (i) the farmout to Nation of a portion of the oil and gas exploration permits on Exhibit A and (ii) the possible later sale to Nation, at Nation’s option, of Paltar’s entire interest in such permits, the outstanding shares of Officer Petroleum Pty Ltd. (“Officer”), and various applications for exploration permits on Exhibit A (collectively, the “Assets”), all on the terms and conditions set forth herein (collectively, the “Transactions”). Marc Bruner (“Bruner”) and John Hislop (“Hislop”), as major shareholders (indirectly or directly) of Paltar and Nation, respectively, agree to the terms hereof. This Agreement replaces in its entirety the Amended and Restated Agreement dated November 27, 2014, which was amended by an amendment dated April 29, 2015.
