Common use of THE DISPOSAL Clause in Contracts

THE DISPOSAL. On 17 December 2012 (after trading hours), the Vendor (a wholly-owned subsidiary of the Company), the Purchaser as purchaser and the Company as the guarantor, entered into the Disposal Agreement pursuant to which the Vendor has conditionally agreed to sell, and the Purchaser has conditionally agreed to acquire, the Sale Share at the consideration of US$700,000 (equivalent to approximately HK$5,425,000). The major terms of the Disposal Agreement are set out below:

THE DISPOSAL. On 17 December 2012 (after trading hours), the Vendor (a wholly-owned subsidiary of the Company), the Purchaser as purchaser and the Company as the guarantor, entered into the Disposal Agreement pursuant to which the Vendor has conditionally agreed to sell, and the Purchaser has conditionally agreed to acquire, the Sale Share at the consideration of US$700,000 (equivalent to approximately HK$5,425,000). The major terms This announcement is made by PetroAsian Energy Holdings Limited (the “Company”) pursuant to Rule 13.09(1) of the Disposal Agreement are set out below:Listing Rules.