HEADS OF AGREEMENTHeads of Agreement • October 12th, 2010 • CAMAC Energy Inc. • Drilling oil & gas wells • Texas
These Heads of Agreement (this “Heads of Agreement”), dated October 11, 2010 (the “Effective Date”), is entered into by and among CAMAC Energy Inc, a Delaware corporation (“CEI”), CAMAC Energy Holdings Limited, a Cayman Islands company (“CEHL”), Allied Energy Resources Nigeria Limited (“Allied”), and CAMAC International (Nigeria) Limited (“CINL,” and together with CEHL and Allied, “CAMAC”). CEI, CEHL, Allied and CINL are sometimes referred to herein collectively as the “Parties” or individually as a “Party.”
