EP 232 Earning AgreementEarning Agreement • September 3rd, 2015 • Nation Energy Inc • Oil & gas field exploration services • Northern Territory
Page 1. Defined terms 1 2. Initial Consideration 1 3. Operator 2 4. Operating Committee 8 5. Work Programs and Budgets 11 6. Production Licences 13 7. Default 14 8. Relinquishments and renewals 16 9. Transfer of interest or rights 16 10. Withdrawal from Agreement 17 11. Relationship of Parties and Tax 18 12. Confidential Information 19 13. Force majeure 210 14. Notices 21 15. Applicable law and arbitration 22 16. Term 23 17. General provisions 23 18. Definitions 26
EP 468 Earning AgreementEarning Agreement • September 3rd, 2015 • Nation Energy Inc • Oil & gas field exploration services • Western Australia
Page 1. Defined terms 1 2. Initial Consideration 2 3. Operator 2 4. Operating Committee 8 5. Work Programs and Budgets 11 6. Production Licences 13 7. Default 14 8. Relinquishments and renewals 16 9. Transfer of interest or rights 16 10. Withdrawal from Agreement 17 11. Relationship of Parties and Tax 18 12. Confidential Information 20 13. Force majeure 21 14. Notices 22 15. Applicable law and arbitration 23 16. Term 24 17. General provisions 24 18. Definitions 27
OPTION AGREEMENTOption Agreement • September 3rd, 2015 • Nation Energy Inc • Oil & gas field exploration services • Wyoming
THIS OPTION AGREEMENT (this “Agreement”), is made and entered into as of August 30, 2015, by and between PALTAR PETROLEUM LIMITED, an Australian public company limited by shares (“Paltar”), in favor of NATION ENERGY INC., a Wyoming corporation (together with its Permitted Designees (as defined below), “Nation”).
NATION ENERGY INC. Suite F - 1500 West 16th Avenue Vancouver BC V6H 4B9 CanadaThird Amended and Restated Agreement • September 3rd, 2015 • Nation Energy Inc • Oil & gas field exploration services • Wyoming
This letter sets out the Third Amended and Restated Agreement (“Agreement”) reached between Nation Energy Inc., as farmee and optionee (“Nation”), and Paltar Petroleum Limited (“Paltar”), as farmor and optionor, regarding (i) the immediate grant of earning rights to Nation relating to a portion of the oil and gas exploration permits listed on Schedule A; (ii) the later grant of earning rights relating to additional portions of the oil and gas exploration permits listed on Schedule A or portions of new permits granted as a result of the pending applications listed on Schedule A (the “Applications”); (iii) the possible later sale to Nation, at Nation’s option, of Paltar’s entire interest in all such permits, the outstanding shares of Officer Petroleum Pty Ltd. (“Officer”), and, when issued, any additional exploration permits issued as a result of the Applications (collectively, the “Assets”); or (iv) a possible business combination transaction in which substantially all of the equity int
