AMENDED AND RESTATED OYO FIELD AGREEMENT HEREBY RENAMED OML 120/121 MANAGEMENT AGREEMENTOml 120/121 Management Agreement • February 16th, 2011 • CAMAC Energy Inc. • Drilling oil & gas wells • Texas
THIS OML 120/121 MANAGEMENT AGREEMENT, dated as of February 15, 2011 (this “Agreement”), is entered into by and among CAMAC PETROLEUM LIMITED, a company incorporated in the Federal Republic of Nigeria and a wholly owned subsidiary of CAMAC Energy Inc. (formerly, Pacific Asia Petroleum, Inc.) (“CPL”), CAMAC ENERGY HOLDINGS LIMITED, a Cayman Islands company (“CEHL”), and ALLIED ENERGY PLC (formerly, Allied Energy Resources Nigeria Limited), a company incorporated in the Federal Republic of Nigeria (“Allied”). Each of the parties to this Agreement is individually referred to herein as a “Party” and collectively as the “Parties.”
