Document:

EX-10.51

 Exhibit 10.51 

Collection and Payment Agency Service Agreement 

Party A: Ganzhou Happy Life Network Microcredit Co., Ltd. 

Address: 13/15 F, No. 222, Huizhong Beili, Chaoyang District, Beijing 

Contact Person: 
 Email: 

Telephone: 
 Party B: Alipay (China) Internet Technology Co.,
Ltd. 
 

 
 Address: 2F, Block B, Dragon Times Plaza, 18 Wantang Road, Hangzhou City 

Contact Person: 
 Email: 

Telephone: 
 WHEREAS: 

Party A is a duly incorporated and validly existing independent legal entity, and Party A wishes Party B to perform collection and payment
agency services for Party A; and 
 Party B is a non-bank payment institution established with
approval from the People’s Bank of China; 
 NOW THEREFORE, Party A and Party B, through friendly negotiation, have reached and entered into the
agreement as follows: 
 Article I    Definition 

Unless otherwise required in the context, the terms used herein shall have the following meaning, respectively: 

1.    “Deduction Service” refers to Party B’s deduction of a certain amount from Party A’s designated
bank account for payment, as entrusted by Party A. Please see Exhibit 1 for Party A’s designated bank account for payment. 

2.    “Payment Agency Service” refers to Party B’s transfer of the deducted amount from Party A’s
designated bank account for payment to the designated client account, as entrusted by Party A. 
 3.    “Collection
Agency Service” refers to Party B’s collection and transfer of a certain amount from the designated client Alipay account to Party A’s designated receiving bank account, as entrusted by Party A. Such amount collected by Party B will
be transferred to Party A’s designated receiving bank account. Please see Exhibit 2 for detailed information of such account. 

 4.    “Payment Instruction” refers to the complete, accurate,
irrevocable and enforceable payment instruction issued by Party A or Party A’s authorized person to Party B. 
 Article
II    Scope of Service 
 1.    Party A entrusts Party B to perform Deduction and Payment Agency
Services, i.e., Party B shall deduct and transfer a certain amount from Party A’s designated bank account for payment to the designated client account pursuant to the Payment Instruction issued by Party A or Party A’s authorized person.

 2.    Party A entrusts Party B to perform Collection Agency Service, i.e., Party B shall collect and transfer a
certain amount from the designated client Alipay account to Party A’s designated receiving bank account. 
 Article III    Party
A’s Rights and Obligations 
 1.    Party A shall ensure that for the entire term of this Agreement, it has all
authorizations, licenses, approvals and qualifications required for its operation, and execution and performance of this Agreement. Party A shall furnish Party B with information of Party A’s identity and operation, including but not limited to
various licenses, permits and administrative approvals required for Party A’s operation. In case of any change to the said information, Party A shall promptly furnish Party B with updated information in writing. Party B may act in full reliance
on the pre-change information prior to verification of the updated information, and Party A shall assume on its own any and all risks arising therefrom. In addition, Party A shall bear any and all risks and
liabilities arising from any delivery by mistake, lack of clarity, inaccuracy, untruth, delay and incompleteness of the said information. 

2.    Party A acknowledges and agrees that Party B performs the Deduction and Payment Agency Services hereunder for Party
A, subject to Party A’s designated payment bank’s opening to Party B’s deduction service, and that Party A shall separately apply to Party A’s designated payment bank for activating deduction service; and further, that it is
subject to the rules of collection and payment services and other businesses of Party A’s designated payment bank whether Party B could perform Collection and Payment Agency Services. 

3.    Party A acknowledges and agrees that Party B may perform the Collection Agency Service hereunder for Party A only
upon Party A’s obtaining of designated client’s sufficient authorization. If any client files complaint as a result of Party A’s failure to obtain such client’s authorization, Party A shall be responsible to resolve the issue and
relieve Party B from any liability arising therefrom; and Party A shall indemnify and hold Party B harmless from and against any loss resulted therefrom to Party B. 

4.    Party A shall ensure the compliance and regularity of its own services, and shall be independently liable for any
complaint, refund, settlement of dispute, penalty etc. arising from any default, infringement, breach of law and irregularity in Party A’s operating activities. Party A shall fully compensate any of Party B’s losses as a result thereof,
and Party B shall have the right to early terminate this Agreement. 

 5.    Party A shall perform its anti-money-laundering obligations in
accordance with laws and regulations as well as regulatory requirements, and shall actively cooperate with Party B in performing anti-money-laundering obligations. In addition, Party A shall actively cooperate with Party B in implementing relevant
regulatory requirements, including but not limited to perambulation inspection and cooperative investigation. 
 Article IV    Party
B’s Rights and Obligations 
 1.    Party B shall comply with Administrative Measures on Online Payment
Services Provided by Non-Bank Payment Institutions, Administrative Measures on Bank Card Acquiring Business, among other requirements, and shall perform the services contemplated hereunder in
accordance with laws. 
 2.    Party B shall conduct prima facie examination only to a Payment Instruction, and no
liability shall be imposed upon Party B for any failure of implementation or any implementation error of a Payment Instruction due to any reason not attributable to Party B. 

3.    Party B shall not be liable for its failure to implement or completely implement the Payment Instruction due to any
of the following reasons; provided that Party B shall inform Party A of the operation status of Payment Instruction. 
  

	 	(1)	the Payment Instruction is unclear, unrecognizable in its code, incomplete or is delivered in a form other than that required by Party B; 

 

	 	(2)	the balance available of the designated client Alipay account or of Party A’s designated payment bank account is insufficient, or the amount to be transferred exceeds the payment quota required by regulatory
authority, Party B or the bank; 

  

	 	(3)	the designated client Alipay account or Party A’s designated payment bank account is frozen or blocked from transferring by operation of law; 

 

	 	(4)	the designated client Alipay account or Party A’s designated payment bank account is abnormal for unknown reasons; 

  

	 	(5)	Any other circumstances provided for in this Agreement. 

 4.    No
liability shall be imposed upon Party B, if Party B is not able to perform its services normally for any of the following reasons: 
  

	 	(1)	Party B’s shutdown of system for maintenance or upgrade; 

  

	 	(2)	typhoon, earthquake, flood, thunderbolt, terrorist attack or other force majeure; 

  

	 	(3)	breakdown of the communication line or power supply circuit of Party B’s system; 

	 	(4)	virus, Trojan, malware attack, network congestion, unstable system, device or system breakdown, communication breakdown, power failure, bank’s reasons, defects in third-party’s services or act of government
etc.. 

 5.    Party B shall perform its anti-money laundering obligations in accordance with laws and
regulations and regulatory requirements. 
 Article V    Liability for Breach of Contract 

Unless otherwise specified herein, either party that breaches any provision of this Agreement shall indemnify the other party from any direct
loss arising therefrom, including but not limited to any loss resulted from an administrative penalty. No party shall be held liable for the other party’s any indirect loss, including but not limited to any personal injury, loss of profit, loss
of income, interruption of business operation. 
 Article VI    Termination 

1.    In event of any of the following, the non-breaching party shall have the
right to terminate this Agreement immediately and claim liability for breach of contract against the breaching party: 
  

	 	(1)	a party breaches any provision of this Agreement or defaults on relevant obligations, and fails to rectify such breach or default within seven days upon receipt of the other party’s written notice of the same.

  

	 	(2)	a party is in material breach of this Agreement so that the purpose of this Agreement cannot be effected. 

2.    In event of any of the following, this Agreement shall be terminated immediately and no liability will be imposed
upon either party for breach of contract. 
  

	 	(1)	the parties do not renew this Agreement upon expiration of the term of this Agreement, or the parties otherwise agree to early terminate this Agreement through negotiation. 

 

	 	(2)	during the term of this Agreement, this Agreement cannot be performed due to any law or regulation, or any order or policy issued or amended by relevant national authority. 

 

	 	(3)	during the term of this Agreement, either party terminates this Agreement on the basis of performance of this Agreement and/or business adjustment, by giving a 10-day prior
written notice to the other party. 

 3.    Any right or obligation generated prior to the termination of
this Agreement shall continue to be performed by the parties. 

 Article VII    Notice and Service of Process 

1.    Unless otherwise specified herein, any and all notices involved hereby shall be written in Chinese and delivered by
hand (including by courier), by registered mail, via facsimile or email, or via Alipay internal message. Unless any address for notice is altered by giving a prior written notice, any and all notices shall be delivered to the addresses and with
attention to the contact persons first written above herein. 
 2.    If a party wishes to alter the said contact
information, such party shall notify the other party in writing prior to such alteration; otherwise, any information or document sent by the other party to the address or contact set forth herein shall be deemed to have been validly delivered. 

Article VIII    Term of this Agreement 

This Agreement shall be effective since it is affixed with Party A’s and Party B’s common seals or special seals for contract and
executed by their respective legal representatives or authorized signatories, for a term of one year. Unless either party informs the other party in the notice manner specified herein within 30 days prior to the expiration of the term and each
successive term of this Agreement that it will not renew this Agreement, this Agreement shall automatically renew for a term of one year, provided that this Agreement may not be renewed for more than three (3) times. 

Article IX    Confidentiality 

1.    The parties covenant to assume obligations of confidentiality for any business secret disclosed for performance of
this Agreement, including but not limited to the content of this Agreement and any supplemental agreement, any other document or information generated in the process of cooperation, and any such document or information, registered user information
and financial information, technical information, operation information, customer information as obtained by a party from the other party or any of such other party’s affiliates, and shall be obliged to take all measures necessary to protect
the received information from being disseminated, distributed, disclosed, reproduced, misused, or accessed by irrelevant persons. 

2.    The parties covenant to continue to owe obligations of confidentiality under this clause after termination of this
Agreement. Either party may claim damages against the other party for any loss arising from such other party’s leakage of business secret intentionally or by negligence. 

3.    No liability shall be owed by the disclosing party, if any business secret is further disclosed with the owner
party’s written consent or due to any national, administrative or judicial statutory requirement, or, if any business secret that has been known to the public is disclosed. 

Article X    Dispute Resolution 

The interpretation and operation of this Agreement as well as any dispute in relation thereto, shall be governed by the laws of the
People’s Republic of China. Any dispute arising during performance of this Agreement shall be resolved through amicable negotiation in the principle of mutual benefit. If such dispute cannot be resolve through negotiation, either party may
bring lawsuit before the local people’s court of the domicile of the other party. 

 Article XI    Miscellaneous 

1.    This Agreement shall constitute the entire agreement between Party A and Party B, and supersede all prior agreements
between the parties, whether oral or written (including emails and facsimiles). Any modification or supplement to this Agreement shall be made and may take effect only in the form of a supplemental agreement affixed with the parties’ seals.

 2.    If any provision or provisions of this Agreement is held invalid, illegal, unenforceable or impossible to be
performed, the remaining part of this Agreement shall not be affected in terms of validity, legitimacy and enforceability. 

3.    This Agreement shall prevail, if it varies from or is different with any prior agreement between Party A and Party
B. If Party A still has an Alipay account, Party A agrees that such Alipay account may be cancelled by Party B in accordance with laws and regulations as well as regulatory requirements; and the balance of such Alipay account shall be transferred to
the bank account in the name of Party A or disposed of as otherwise agreed by the parties. 
 4.    Neither this
Agreement nor any right or obligation hereunder may be transferred by a party, without the other party’s prior written consent. 

5.    This Agreement is executed in quadruplicate, with each party holding two copies. 

(The remainder of this page is intentionally left blank.) 

 Party A: Ganzhou Happy Life Network Microcredit Co., Ltd. 

(Seal) 
 /s/ Luo
Min                                 

Date: 
 Party B: Alipay (China) Internet Technology Co., Ltd.

 

 
 (Seal) 
 Date: March 17,
2017 

 Exhibit 1    Information of Party A’s Designated Bank Account for Payment 

Opening Bank of Party A’s Designated Payment Bank Account: [REDACTED]1 

Account Number: [REDACTED]2 

Account Name: [REDACTED]3 

 

	1 	Confidential treatment requested 

	2 	Confidential treatment requested 

	3 	Confidential treatment requested 

 Exhibit 2    Information of Party A’s Designated Receiving Bank Account 

Opening Bank of Party A’s Designated Receiving Bank Account: [REDACTED]4 

Account Number: [REDACTED]5 

Account Name: [REDACTED]6 

 

	4 	Confidential treatment requested 

	5 	Confidential treatment requested 

	6 	Confidential treatment requested 

 Exhibit 3    Power of Attorney in connection with Entrusted Collection and Payment
Instruction 
 Attn: Alipay (China) Internet Technology Co., Ltd.

 
 Given that our company has entered into the Collection and Payment Agency Service Agreement with you to
perform the collection and payment services for you, our company hereby irrevocably authorizes Chongqing Alibaba Small Loans Co., Ltd.

 and Zhejiang E-Commerce Bank Co. Ltd.

 (hereinafter referred to as “E-Commerce Bank”) to issue to you payment instructions on behalf of our company, to the extent of the scope of business agreed upon in the
Online Personal Loan Cooperation Agreement separately entered into between our company and Chongqing Alibaba Small Loans Co., Ltd.

.. Our company hereby confirms that any and all payment instructions issued by Chongqing Alibaba Small Loans Co., Ltd.

 and Zhejiang E-Commerce Bank Co. Ltd.

 shall be deemed the true declaration of intention of our company and irrevocable and that the consequence of your implementation of any such payment instruction shall be borne by our company. Our company shall be liable
for compensation in full amount of any direct economic loss incurred by you or any client in connection with issuance of any instruction by Chongqing Alibaba Small Loans Co., Ltd.

 and Zhejiang E-Commerce Bank Co. Ltd.

 by mistake or in error. 
 This Power of Attorney shall terminate along with the termination of the Jiebei
Platform Online Personal Loan Program, provided, however, that you may still implement any payment instruction issued by Chongqing Alibaba Small Loans Co., Ltd.

 and Zhejiang E-Commerce Bank Co. Ltd.

 on behalf of our company prior to the termination of the Collection and Payment Agency Service Agreement. 
  

	
	The Principal: /s/ Luo
Min                                         
 
	
	Date:
	
	(Seal of Ganzhou Happy Life Network Microcredit Co., Ltd.)

 Exhibit 4    Letter of Confirmation on Activating Bank Account Deduction Service 

Attn: Zhejiang E-Commerce Bank Co. Ltd.

 
 Given the need for payment and settlement, our company hereby applies to you for activating the deduction
service for the following account, and our company agrees that you have the right to deduct relevant amount from the following account pursuant to the instruction of Alipay (China) Internet Technology Co., Ltd.

: 
 Account Number: [REDACTED]7 

Account Name: [REDACTED]8 

Opening Bank: [REDACTED]9 

The foregoing is hereby confirmed. 
  

	
	Name (Common Seal):
	
	 /s/ Luo Min

	
	(Seal of Ganzhou Happy Life Network Microcredit Co., Ltd.)
	
	Date:

  

	7 	Confidential treatment requested 

	8 	Confidential treatment requested 

	9 	Confidential treatment requestedExhibit 10.1

 

THIRD AMENDMENT TO SECURITIES PURCHASE AGREEMENT,

AMENDMENT TO DEBENTURES AND REAFFIRMATION
OF SECURITY DOCUMENTS

 

This Third
Amendment to Securities Purchase Agreement, Amendment to Debentures AND REAFFIRMATION OF SECURITY DOCUMENTS (this “Amendment”)
is dated as of September 19, 2017, and is by and among DISCOVERY ENERGY CORP., a Nevada corporation (the “Company”),
DEC FUNDING LLC, a Texas limited liability company (“Original Purchaser”), TEXICAN ENERGY CORPORATION, a Texas
corporation (“New Purchaser”) and, for purposes of Section 4, DISCOVERY ENERGY SA PTY LTD, a company
formed under the laws of Australia (“Australian Subsidiary”). The Company, Original Purchaser, New Purchaser
and, for purposes of Section 4, the Australian Subsidiary are hereinafter sometimes collectively referred to as the “Parties”
and each individually as a “Party”.

 

WHEREAS, the Company, Original
Purchaser and New Purchaser are party to that certain Securities Purchase Agreement dated May 27, 2016, as amended by the First
Amendment to Securities Purchase Agreement dated August 16, 2016 and the Second Amendment to Securities Purchase Agreement dated
February 10, 2017 (the “SPA”);

 

WHEREAS, each of Original
Purchaser and New Purchaser desires to purchase additional Debentures from time to time in accordance with the terms of this Amendment
and the SPA;

 

WHEREAS, subject to the
satisfaction of the conditions precedent set forth herein, the Parties desire to amend the SPA as set forth herein to facilitate
Original Purchaser’s and New Purchaser’s purchase of such additional Debentures; and

 

WHEREAS, pursuant to the
SPA, the Company has issued to Original Purchaser and New Purchaser certain Debentures, as amended by the First Amendment to Senior
Secured Convertible Debentures dated as of July 18, 2017 (the “First Debenture Amendment”) and the Parties hereto desire
to further amend the Debentures as set forth herein.

 

NOW, THEREFORE, IN CONSIDERATION
of the mutual covenants contained in this Amendment, and for other good and valuable consideration, the receipt and adequacy of
which are hereby acknowledged, the Company, Original Purchaser and New Purchaser agree as follows:

 

1.       Definitions.
Capitalized terms used in this Amendment but not otherwise defined herein have the meanings given such terms in the SPA. The SPA,
as amended by this Amendment, is hereinafter referred to as the “Agreement”.

 

2.       Amendments
to SPA. Subject to the satisfaction of the conditions precedent set forth in Section 5, each of the Company, Original Purchaser
and New Purchaser agree to amend the SPA as follows:

 

(a)       The
definition of “Principal Amount” in Section 1.1 of the SPA is hereby amended by replacing the reference therein
to “$2,850,000” with “$3,350,000”.

 

(b)       The
definition of “Additional Option Termination Date” in Section 1.1 of the SPA is hereby amended by replacing
the reference therein to “March 31, 2018” with “July 31, 2018”.

 

     

     

    

  

(c)       The
definition of “Warrants” in Section 1.1 of the SPA is hereby amended and restated in its entirety to read as
follows:

 

““Warrants”
means the Common Stock purchase warrants delivered to Original Purchaser at the Closing in accordance with Section 2.2(a) hereof
and pursuant to any amendment to this Agreement, which Warrants shall be exercisable immediately and have a term of exercise equal
to three years from the date of the issuance thereof, in the form of Exhibit B attached hereto.”

 

(d)       Each
reference to “2017 Option” in the SPA is hereby replaced with “2018 Option”.

 

(e)       Section
2.1(b) of the SPA is hereby amended by replacing the reference therein to “$2,850,000” with “$3,350,000”.

 

(f)       Sections
2.1(c) and 2.1(d) of the SPA are hereby amended and restated in their entirety to read as follows:

 

“(c)    After
the Closing Date through and including January 31, 2018, Original Purchaser shall have the option to purchase (without the consent
of the then current Purchasers), upon three (3) Trading Days’ advance notice to Company, up to an additional $10,000,000
in principal amount of the Debentures (the “2018 Option”) in a single additional closing upon
the same terms and conditions as one or more of the Debentures previously issued to Original Purchaser, with a conversion price
of $0.20; provided, that if during the period between January 31, 2017 and the exercise date of the 2018 Option, Company
(i) issued additional Debentures to another Purchaser (other than pursuant to Section 6 of the Second Amendment to this Agreement
or pursuant to the Third Amendment to this Agreement) or (ii) consummated an equity issuance (excluding the issuance of any Debentures)
with another Person preceding such exercise date and, in either case, the issuance price of such Capital Raise was less than $0.20
per share, then the conversion price for the 2018 Option shall be such lesser price. Upon an exercise of the 2018 Option, Original
Purchaser shall deliver to Company or at Company’s written direction, via wire transfer of immediately available funds, an
amount up to $10,000,000, and Company shall deliver to Original Purchaser the additional Debenture, and Company and such Purchaser
shall deliver the other items set forth in Section 2.2 deliverable at each Supplemental Closing.  Upon satisfaction of
the covenants and conditions set forth in Sections 2.2 and 2.3 with respect thereto, each Supplemental Closing shall occur at the
offices of Company Counsel or such other location as the parties shall mutually agree.

 

(d)       Until
the occurrence of the Additional Option Termination Date, following an exercise of the 2018 Option, Original Purchaser shall have
the option to purchase (without the consent of the then current Purchasers), upon three (3) Trading Days’ advance notice
to Company, up to an additional $10,000,000 in principal amount of the Debentures (the “Additional Option”)
in a single additional closing upon the same terms and conditions as one or more of the Debentures previously issued to Original
Purchaser, with a conversion price of $0.20; provided, that if during the period between January 31, 2017 and the exercise
date of the Additional Option, Company (i) issued additional Debentures to another Purchaser (other than pursuant to Section 6
of the Second Amendment to this Agreement or pursuant to the Third Amendment to this Agreement) or (ii) consummated an equity issuance
(excluding the issuance of any Debentures) with another Person preceding such exercise date and, in either case, the issuance price
of such Capital Raise was less than $0.20 per share, then the conversion price for the Additional Option shall be such lesser price.
Upon an exercise of the Additional Option, Original Purchaser shall deliver to Company or at Company’s written direction,
via wire transfer of immediately available funds, an amount up to $10,000,000, and Company shall deliver to Original Purchaser
the additional Debenture, and Company and such Purchaser shall deliver the other items set forth in Section 2.2 deliverable at
each Supplemental Closing.  Upon satisfaction of the covenants and conditions set forth in Sections 2.2 and 2.3 with
respect thereto, each Supplemental Closing shall occur at the offices of Company Counsel or such other location as the parties
shall mutually agree.”

 

     

     

    

  

3.       Amendments
to Debentures. Subject to the satisfaction of the conditions precedent set forth in Section 5, each of the Company, Original Purchaser
and New Purchaser agree to amend the definition of “Exempt Capital Raise” in the Debentures by replacing the references
therein to “September 30, 2017” and “2017 Option” with, respectively, “January 31, 2018” and
“2018 Option”.

 

4.       Reaffirmation
of Security Documents. Nothing contained herein or done pursuant hereto shall affect or be construed to affect the security interest,
lien, charge or encumbrance heretofore granted and/or any guaranty provided by the Company and/or the Australian Subsidiary to
the Purchasers (including to the Original Purchaser, in its capacity as agent), or the priority thereof over other liens and security
interests, or to release or affect the liability of the Company and/or the Australian Subsidiary pursuant to the Security Documents.
The Company and Australian Subsidiary hereby (a) reaffirm all of the Security Documents and all security interests, liens, charges,
encumbrances or guaranties provided therein and (b) confirm that all such security interests, liens, charges, encumbrances or
guaranties shall secure and guaranty the Company’s obligations under the additional Debentures purchased by Original Purchaser
and New Purchaser pursuant to the SPA including this Amendment.

 

5.       Conditions
Precedent. This Amendment and the agreements of the Parties hereunder are subject to the satisfaction of the following conditions
precedent:

 

(a)       Each
Party shall have delivered an executed counterpart of its signature page to this Amendment to each other Party; and

 

(b)       The
Company shall have received the unanimous written consent from its Board of Directors, authorizing the Company’s entry into
this Amendment.

 

6.       Purchase
by Original Purchaser. On or prior to the expiration of ten (10) Business Days’ following the date of this Amendment, the
Company agrees to sell, and Original Purchaser agrees to purchase, a principal amount of $400,000 of Debentures, in the form of
Exhibit C to the First Amendment and giving effect to the First Debenture Amendment and Section 3 hereof (the “Subsequent
DEC Purchase”). Within one (1) Business Day following the Company’s receipt of the proceeds from the Subsequent DEC
Purchase via wire transfer, the Company shall deliver to Original Purchaser (i) a Debenture in a principal amount of $400,000,
upon the same terms and conditions as one or more of the Debentures previously issued to Original Purchaser, with a “Conversion
Price” of $0.16 and (ii) a Warrant registered in the name of Original Purchaser to purchase up to 1,500,000 shares of Common
Stock, with an exercise price equal to $0.20 per share of Common Stock, subject to adjustment as set forth therein, and an expiration
date three (3) years from the date of issuance thereof.

 

7.       Purchase
by New Purchaser. On or prior to the expiration of ten (10) Business Days’ following the date of this Amendment, the Company
agrees to sell, and New Purchaser agrees to purchase, a principal amount of $100,000 of Debentures, in the form of Exhibit C to
the First Amendment and giving effect to the First Debenture Amendment and Section 3 hereof (the “Subsequent Texican Purchase”).
Within one (1) Business Day following the Company’s receipt of the proceeds from the Subsequent Texican Purchase via wire
transfer, the Company shall deliver to New Purchaser a Debenture in a principal amount of $100,000, upon the same terms and conditions
as one or more of the Debentures previously issued to New Purchaser, with a “Conversion Price” of $0.16.

 

     

     

    

  

8.      
Representations and Warranties.

 

(a)       As
of the date of the effectiveness of this Amendment, and after giving effect to the amendments in Section 2, the Company hereby
represents and warrants to New Purchaser and Original Purchaser that the representations and warranties of the Company and its
Subsidiaries contained in the Agreement and in each other Transaction Document are true and correct on and as of such date (unless
as of a specific date therein in which case they shall be accurate as of such date).

 

(b)       As
of the date of the effectiveness of this Amendment, New Purchaser hereby represents and warrants to the Company that the representations
and warranties applicable to New Purchaser contained in the Agreement are true and correct on and as of such date.

 

 9.       Miscellaneous.

 

(a)       Each
of the Parties acknowledges and agrees that from and after the date of the effectiveness of this Amendment, (i) each reference
in the SPA to “this Agreement”, “herein”, “hereof”, “hereunder” or other words
of like import shall mean and be a reference to the Agreement and (ii) each reference in the Debentures to “this Debenture”,
“herein”, “hereof”, “hereunder” or other words of like import shall mean and be a reference
to such Debenture, as amended hereby. Each Debenture hereafter issued shall contain the amended provisions contained herein rather
than those related provisions contained in any previously approved form of Debenture.

 

(b)       This
Amendment, the Agreement and the other Transaction Documents (as amended hereby), together with the exhibits and schedules thereto,
contain the entire understanding of the Parties with respect to the subject matter hereof and thereof and supersede all prior
agreements and understandings, oral or written, with respect to such matters, which the parties acknowledge have been merged into
such documents, exhibits and schedules.

 

(c)       Sections
5.6 (Headings), 5.9 (Governing Law), 5.11 (Execution), 5.15 (Remedies),
5.18 (Independent Nature, etc.), 5.21 (Construction) and 5.22 (Waiver of Jury Trial)
of the SPA are hereby incorporated into this Amendment, mutatis mutandis, as a part hereof for all purposes.

 

[Signature Page Follows]

 

     

     

    

 

IN WITNESS WHEREOF, the Parties hereto
have caused this Amendment to be executed by their respective officers or representatives thereunto duly authorized.

 

	COMPANY:	 
	 	 
	DISCOVERY ENERGY CORP.	 
	 	 	 
	By:	 	 
	 	Keith D. Spickelmier, Chairman	 
	 	 	 
	 	 	 
	ORIGINAL PURCHASER:	 
	 	 
	DEC FUNDING LLC	 
	 	 	 
	By:	 	 
	 	Steven Webster, Manager	 

 

	NEW PURCHASER:	 
	 	 
	TEXICAN ENERGY CORPORATION	 
	 	 	 
	 	 	 
	By:	 	 
	 	 	 
	Name:	 	 
	 	 	 
	Title:	 	 

 

For purposes of Section 4 only:

 

	DISCOVERY ENERGY SA PTY LTD	 
	 	 	 
	By:	 	 
	 	 	 
	Name:	 	 
	 	 	 
	Title:

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