Common use of Share Consideration Clause in Contracts

Share Consideration. Within seven days after delivery to Nation Wyoming of Paltar’s audited financial statements for the three most recent fiscal years, together with such additional fiscal period financial statements as may be required for reporting by Nation Wyoming under applicable regulations of the United States Securities and Exchange Commission, Nation Wyoming will issue 900 million of its common shares to Paltar, subject to the same restrictions on the transfer of such shares as set forth in the third restated letter agreement dated 30 August 2015, as subsequently amended. Such shares reflect the total share consideration due under all seven earning agreements referred to in clause 2.1; the portion allocated to this Agreement (the “Share Consideration”) is 128,571,425 shares. The allocated portion comprises 85,714,285 shares previously promised and accounted for as consideration for the Original Earning Agreement and 42,857,140 shares as consideration for the new rights being granted in the remaining Blocks in the Permit Area.

Share Consideration. Within seven days after delivery to Nation Wyoming of Paltar’s audited financial statements for the three most recent fiscal years, together with such additional fiscal period financial statements as may be required for reporting by Nation Wyoming under applicable regulations of the United States Securities and Exchange Commission, Nation Wyoming will issue 900 million of its common shares to Paltar, subject to the same restrictions on the transfer of such shares as set forth in the third restated letter agreement dated 30 August 2015, as subsequently amended. Such shares reflect the total share consideration due under all seven earning agreements referred to in clause 2.1; the portion allocated to this Agreement (the “Share Consideration”) is 128,571,425 128,571,430 shares. The allocated portion comprises 85,714,285 shares previously promised and accounted for as consideration for the Original Earning Agreement and 42,857,140 42,857,145 shares as consideration for the new rights being granted in the remaining Blocks in the Permit Area.

Share Consideration. Within seven days after delivery to Nation Wyoming of Paltar’s audited financial statements for the three most recent fiscal years, together with such additional fiscal period financial statements as may be required for reporting by Nation Wyoming under applicable regulations of the United States Securities and Exchange Commission, Nation Wyoming will issue 900 million of its common shares to Paltar, subject to the same restrictions on the transfer of such shares as set forth in the third restated letter agreement dated 30 August 2015, as subsequently amended. Such shares reflect the total share consideration due under all seven earning agreements referred to in clause 2.1; the portion allocated to this Agreement (the “Share Consideration”) is 128,571,425 128,571,430 shares. The allocated portion comprises 85,714,285 85,714,290 shares previously promised and accounted for as consideration for the Original Earning Agreement and 42,857,140 shares as consideration for the new rights being granted in the remaining Blocks in the Permit Area.

Share Consideration. Within seven days after delivery to Nation Wyoming of Paltar’s audited financial statements for the three most recent fiscal years, together with such additional fiscal period financial statements as may be required for reporting by Nation Wyoming under applicable regulations of the United States Securities and Exchange Commission, Nation Wyoming will issue 900 million of its common shares to Paltar, subject to the same restrictions on the transfer of such shares as set forth in the third restated letter agreement dated 30 August 2015, as subsequently amended. Such shares reflect the total share consideration due under all seven earning agreements referred to in clause 2.1; the portion allocated to this Agreement (the “Share Consideration”) is 128,571,425 128,571,430 shares. The allocated portion comprises 85,714,285 shares previously promised and accounted for as consideration for the Original Earning Agreement and 42,857,140 42,857,145 shares 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.