Common use of Cash Consideration Clause in Contracts

Cash Consideration. Upon execution of this Agreement, Nation will execute and deliver to Paltar its promissory note in the original principal amount of A$24,322,501, with payment guaranteed by Nation Wyoming. The principal amount reflects the total cash consideration due under a total of seven earning agreements (six granted by Paltar and one by a Paltar subsidiary, Officer Petroleum Pty Ltd) of even date; the portion of the principal amount allocated to this Agreement (the “Cash Consideration”) is A$3,801,923. The allocated amount comprises A$769,143 previously promised and accounted for as consideration for the Original Earning Agreement and an additional A$3,032,780 as consideration for the new rights being granted in the remaining Blocks in the Permit Area.

Cash Consideration. Upon execution of this Agreement, Nation will execute and deliver to Paltar its promissory note in the original principal amount of A$24,322,501, with payment guaranteed by Nation Wyoming. The principal amount reflects the total cash consideration due under a total of seven earning agreements (six granted by Paltar and one by a Paltar subsidiary, Officer Petroleum Pty Ltd) of even date; the portion of the principal amount allocated to this Agreement (the “Cash Consideration”) is A$3,801,9231,906,433. The allocated amount comprises A$769,143 previously promised and accounted for as consideration for the Original Earning Agreement and an additional A$3,032,780 1,137,290 as consideration for the new rights being granted in the remaining Blocks in the Permit Area.

Cash Consideration. Upon execution of this Agreement, Nation will execute and deliver to Paltar its promissory note in the original principal amount of A$24,322,501, with payment guaranteed by Nation Wyoming. The principal amount reflects the total cash consideration due under a total of seven earning agreements (six granted by Paltar and one by a Paltar subsidiary, Officer Petroleum Pty Ltd) of even date; the portion of the principal amount allocated to this Agreement (the “Cash Consideration”) is A$3,801,923769,143. The allocated amount comprises A$769,143 previously promised and accounted for as consideration for the Original Earning Agreement and an Agreement, with no additional A$3,032,780 as cash consideration for the new rights being granted in the remaining Blocks in the Permit Area.

Cash Consideration. Upon execution of this Agreement, Nation will execute and deliver to Paltar its promissory note in the original principal amount of A$24,322,501, with payment guaranteed by Nation Wyoming. The principal amount reflects the total cash consideration due under a total of seven earning agreements (six granted by Paltar and one by a Paltar subsidiary, Officer Petroleum Pty Ltd) of even date; the portion of the principal amount allocated to this Agreement (the “Cash Consideration”) is A$3,801,9233,421,843. The allocated amount comprises A$769,143 previously promised and accounted for as consideration for the Original Earning Agreement and an additional A$3,032,780 2,652,700 as consideration for the new rights being granted in the remaining Blocks in the Permit Area.

Cash Consideration. Upon execution of this Agreement, Nation will execute and deliver to Paltar its promissory note in the original principal amount of A$24,322,501, with payment guaranteed by Nation Wyoming. The principal amount reflects the total cash consideration due under a total of seven earning agreements (six granted by Paltar and one by a Paltar subsidiary, Officer Petroleum Pty Ltd) of even date; the portion of the principal amount allocated to this Agreement (the “Cash Consideration”) is A$3,801,9234,807,723. The allocated amount comprises A$769,143 previously promised and accounted for as consideration for the Original Earning Agreement and an additional A$3,032,780 4,038,580 as consideration for the new rights being granted right to earn Production Licences in the remaining new Blocks in the Permit Areabeing added under this Agreement.

Cash Consideration. Upon execution of this Agreement, Nation will execute and deliver to Officer’s corporate parent, Paltar Petroleum Limited (ACN 149 987 459) (Paltar), its promissory note in the original principal amount of A$24,322,501, with payment guaranteed by Nation Wyoming. The principal amount reflects the total cash consideration due under a total of seven earning agreements (six granted by Paltar and one by a Paltar subsidiary, Officer Petroleum Pty LtdOfficer) of even date; the portion of the principal amount allocated to this Agreement (the “Cash Consideration”) is A$3,801,923769,143. The allocated amount comprises A$769,143 previously promised and accounted for as consideration for the Original Earning Agreement and an Agreement, with no additional A$3,032,780 as cash consideration for the new rights being granted in the remaining Blocks in the Permit Area.