Share Sale and Purchase Agreement Dated 22 July 2012 CAMAC Energy Inc. (“Seller”) Leyshon Resources Limited(“Buyer”)Sale and Purchase Agreement • November 9th, 2012 • CAMAC Energy Inc. • Drilling oil & gas wells • Hong Kong
Details 4 General terms 5 1 Interpretation 5 1.1 Definitions 5 1.2 References to certain general terms 11 1.3 Next day 11 1.4 Next Business Day 11 1.5 Headings 11 1.6 Schedules and annexures 11 1.7 Currencies 12 2 Sale and purchase 12 2.1 Sale and purchase 12 2.2 Consideration 12 2.3 Free from Encumbrance 12 3 Conditions 13 3.1 Conditions Precedent for the benefit of both Parties 13 3.2 Conditions Precedent for the exclusive benefit of the Seller 13 3.3 Conditions Precedent for the exclusive benefit of the Buyer 14 3.4 Reasonable endeavours 14 3.5 Waiver 14 3.6 Notification 15 4 Pre-Completion 15 4.1 Undertakings prior to Completion 15 4.2 Matters requiring Buyer’s consent 15 4.3 Undertakings in relation to Warranties 15 4.4 Restriction on fund raising activities 15 5 Completion 15 5.1 Time and place of Completion 15 5.2 Seller’s obligations 16 5.3 Buyer’s obligations 16 5.4 Simultaneous actions at Completion 17 5.5 Post-Completion actions 17 6 Payment 18 6.1 Payment on Completion 18 7
