Definition of PN2


PN2 means Promissory Note 2 in the amount of US$7,000,000, non-interest bearing and fully secured by 100% of GEB's participating interest in the Tarapur Ring Fenced PSC ("RFPSC"). In the event PN2 is not paid in its entirety by March 31, 2014, the 100% of GEB's participating interest in the Tarapur RFPSC will revert back to GRB. (s)