0001570931-16-000070 Sample Contracts

EP 143 Final Earning Agreement (Amending and Restating the Original EP 143 Earning Agreement)
Earning Agreement • July 1st, 2016 • Nation Energy Inc • Oil & gas field exploration services • Northern Territory

The Parties hereby ratify and amend the Original Earning Agreement, combine it with the anticipated Second Earning Agreement, expand it to cover all other Paltar Blocks in the Permit, and restate and replace it as follows:

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EP 468 Final Earning Agreement (Amending and Restating the Original EP 468 Earning Agreement)
Earning Agreement • July 1st, 2016 • Nation Energy Inc • Oil & gas field exploration services • Western Australia

The Parties hereby ratify and amend the Original Earning Agreement, expand it to cover the Permit Area, and restate and replace it as follows:

MANAGEMENT SERVICES AGREEMENT
Management Services Agreement • July 1st, 2016 • Nation Energy Inc • Oil & gas field exploration services • Colorado

THIS MANAGEMENT SERVICES AGREEMENT (this “Agreement”), dated June 25, 2016 but effective as of July 22, 2015, is made by and between Nation Energy (Australia) Pty Ltd, an Australian limited company (the “Company”), and Carmen J. Lotito, a resident of Colorado (the “Advisor”).

NATION ENERGY INC.
Third Amended and Restated Agreement • July 1st, 2016 • Nation Energy Inc • Oil & gas field exploration services

By this letter, effective as of May 31, 2016, Nation Energy Inc. (“Nation”) and Paltar Petroleum Limited (“Paltar”) amend their Third Amended and Restated Agreement dated August 30, 2015 and amended by the First Amendment to Third Amended and Restated Agreement dated effective December 17, 2015 and further amended by the Second Amendment to Third Amended and Restated Agreement dated effective February 8, 2016 (as amended the “Agreement”), principally to extend the time allowed for certain actions contemplated in the Agreement. Capitalized terms not specifically defined in this Third Amendment to Third Amended and Restated Agreement (the “Amendment”) shall have the meaning accorded them in the Agreement. All dollar amounts in this Agreement are expressed in Australian dollars. Marc A. Bruner (“Bruner”) and John R. Hislop (“Hislop”), as major shareholders (indirectly or directly) of Paltar and Nation, respectively, agree to the terms of this Amendment.

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