Common use of The Amendments Clause in Contracts

The Amendments. 1.1 Clause 2.1 of the Earning Agreement is amended to read: Nation Energy Inc., a Wyoming corporation, has agreed to issue on February 9, 2016, 600,000,000 of its common shares (the Share Consideration) to Officer’s corporate parent, Paltar Petroleum Limited (ACN 149 987 459) (Paltar), and Paltar has agreed to certain restrictions on the transfer of such shares, under the terms of the Third Amended and Restated Letter Agreement, dated 30 August 2015 between Nation Energy Inc. and Paltar (as amended on 17 December 2015, the Letter Agreement).

The Amendments. 1.1 Clause 2.1 of the each Earning Agreement is amended to read: Nation Energy Inc., a Wyoming corporation, has agreed to issue on February 9, 2016, 600,000,000 of its common shares (the Share Consideration) to Officer’s corporate parent, Paltar Petroleum Limited (ACN 149 987 459) (Paltar), and Paltar has agreed to certain restrictions on the transfer of such shares, under the terms of the Third Amended and Restated Letter Agreement, dated 30 August 2015 between Nation Energy Inc. and Paltar (as amended on 17 December 2015, the Letter Agreement).

The Amendments. 1.1 Clause 2.1 of the each Earning Agreement is amended to read: Nation Energy Inc., a Wyoming corporation, has agreed to issue on February 919, 2016, 600,000,000 of its common shares (the Share Consideration) to Officer’s corporate parent, Paltar Petroleum Limited (ACN 149 987 459) (Paltar), and Paltar has agreed to certain restrictions on the transfer of such shares, under the terms of the Third Amended and Restated Letter Agreement, dated 30 August 2015 between Nation Energy Inc. and Paltar (as amended on 17 December 20152015 and 8 February 2016, the Letter Agreement).

The Amendments. 1.1 Clause 2.1 of the Earning Agreement is amended to read: Nation Energy Inc., a Wyoming corporation, has agreed to issue on February 919, 2016, 600,000,000 of its common shares (the Share Consideration) to Officer’s corporate parent, Paltar Petroleum Limited (ACN 149 987 459) (Paltar), and Paltar has agreed to certain restrictions on the transfer of such shares, under the terms of the Third Amended and Restated Letter Agreement, dated 30 August 2015 between Nation Energy Inc. and Paltar (as amended on 17 December 20152015 and 8 February 2016, the Letter Agreement).