Consent, Waiver and Release of Covenant Sample Contracts

VIA ELECTRONIC MAIL Date [Name of former Arkanova Energy, Inc. shareholder] Dear Sir:

Consent, Waiver and Release of Covenant • June 23rd, 2008 • Arkanova Energy Corp • Gold and silver ores

• Contract Type
  Consent, Waiver and Release of Covenant
• Filed
  June 23rd, 2008
• Company
  Arkanova Energy Corp
• Industry
  Gold and silver ores

Re: Consent, Waiver and Release of Covenant issued by Arkanova Energy Corporation (the “Company”) to the undersigned former shareholder of Arkanova Energy, Inc.