Document:

Manas Petroleum Corporation: Exhibit 10.32 - Filed by newsfilecorp.com

	LOCK-UP AGREEMENT 
	 

____________________, 2011

	 	 
	Name 	 
	 	 
	 	 
	Address 	 
	 	 
	 	 
	City, Province, Postal Code 	 
	 	 
	 	 
	Telecopier 	 

Dear Sirs/Mesdames:

Re:     Lock-Up Agreement

Manas Petroleum Corporation ("Manas" or the
"Corporation") and Raymond James Ltd. (the "Agent") understand
that you are the beneficial owner, directly and indirectly, of the number of
shares of common stock of the Corporation (the "Common Shares"),
including any Common Shares issuable upon exercise of options or warrants to
purchase Common Shares, as applicable, indicated on the signature page
hereof.

1.              
 The Offering

Manas proposes to conduct an offering of Common Shares (the
"Offering") by way of a long form prospectus (the "Canadian
Prospectus") in each of the Provinces of Canada other than Quebec (the
"Canadian Selling Jurisdictions") and by way of a Form S-1 registration
statement (the "Registration Statement" and, together with the Canadian
Prospectus, the "Prospectus") in the United States of America (the
"U.S." and, together with the Canadian Selling Jurisdictions, the
"Selling Jurisdictions") for gross proceeds of up to $30,000,000.

2.                The
Agency Agreement

Manas will enter into an agency agreement (the "Agency
Agreement") respecting the Offering, concurrently with the filing of the
final Prospectus with the securities regulators in the Selling Jurisdictions,
with the Agent. The Agent will offer the Common Shares distributed under the
Prospectus on a "commercially reasonable efforts" basis, in accordance with the
conditions contained in the Agency Agreement. 

3.                Agreement
not to Sell, Assign, Convey or Otherwise Dispose of Common Shares and Other
Matters

In consideration of Manas conducting the Offering and of the
Agent soliciting subscriptions for the Common Shares distributed under the
Prospectus, pursuant to the terms of the Agency Agreement, and for other good
and valuable consideration, the receipt of which is hereby acknowledged, and
subject to the terms hereof, you hereby irrevocably agree:

- 2 -

	 	(i) 	
      not to sell, assign, convey or otherwise dispose of any
      of the Common Shares beneficially owned, directly or indirectly, by you
      for a period beginning on the date hereof and ending 120 days after the
      closing date of the Offering (the "Restricted Period");

	 	 	 
	 	(ii) 	
      not to, by action or omission, do anything from the date
      hereof until and including the completion or termination of this lockup
      agreement ("Agreement") that would result in the representations
      and warranties made by you in this Agreement ceasing to be true and
      correct in all material respects; and

	 	 	 
	 	(iii) 	
      to deliver to the registrar and transfer agent of the
      Corporation (the “Transfer Agent”) an irrevocable direction
      instructing the Transfer Agent not to transfer, assign, convey or
      otherwise deal with any of the Common Shares beneficially owned, directly
      or indirectly, by you for the Restricted Period.

4.                Representations
and Warranties of the Shareholder

You hereby represent and warrant to Manas and the Agent, as
representations and warranties that will survive completion of the transactions
contemplated hereby, that:

	 	(i) 	
      you are duly authorized to execute and deliver this
      Agreement and, upon execution by Manas and the Agent, this letter is a
      valid and binding agreement, enforceable against you in accordance with
      its terms, and the consummation by you of the transaction contemplated
      hereby will not constitute a violation of or default under, or conflict
      with, any contract, commitment, agreement, understanding or arrangement of
      any kind to which you will be a party and by which you will be bound at
      the time of such consummation; and

	 	 	 
	 	(ii) 	
      all of the representations and warranties contained in
      this paragraph 4 shall be valid and true as if recited and repeated as at
      the closing date of the Offering.

5.                Representations
and Warranties of Manas

Manas hereby represents and warrants to and covenants with you,
as representations and warranties that will survive completion of the
transactions contemplated hereby, that: 

	 	(i) 	
      Manas is duly authorized to execute and deliver this
      Agreement, the Agency Agreement and the Prospectus;

	 	 	 
	 	(ii) 	
      upon acceptance by you of this Agreement and upon
      execution of the Agency Agreement and the Prospectus by Manas and the
      Agent, this Agreement will be valid and binding, enforceable against Manas
      in accordance with its terms and neither the execution of this Agreement,
      the Agency Agreement and the Prospectus, nor the consummation by Manas of
      the transactions contemplated hereby and thereby will constitute a
      violation of or default under, or conflict with, any restriction of any
      kind or any contract, commitment, agreement, understanding or arrangement
      to which Manas is a party and by which Manas is bound; and

	 	 	 
	 	(iii) 	
      all of the representations and warranties contained in
      this paragraph 5 shall be valid and true as if recited and repeated as at
      the closing date of the Offering.

- 3 -

6.                Expenses

You and Manas agree to pay your own respective expenses
incurred in connection with this Agreement.

7.                Amendment

Except as expressly set forth herein, this Agreement
constitutes the whole of the agreement between the parties and may not be
modified, amended, altered or supplemented except upon the execution and
delivery of a written agreement executed by the effected party.

8.                Assignment

No party to this Agreement may assign any of its rights or
obligations under this Agreement without the prior written consent of the other
parties.

9.                Notice

Any notice, document or other communication required or
permitted to be given to the parties under this Agreement shall be in writing
and be either hand delivered or telecopied (with a following letter) as
follows:

	 	(i) 	to you at the address and telecopier
      listed on the first page of this Agreement; 
	 	  	  	  
	 	(ii) 	to Manas: 	  
	 	  	  	  
	 	  	Manas Petroleum Corporation 
	 	  	Bahnhofstrasse 9 
	 	  	6341 Baar, Switzerland 
	 	  	Attention: 	Peter Mark Vogel 
	 	  	Facsimile: 	+41 44 718 1039 
	 	  	  	  
	 	(iii) 	to the Agent: 	  
	 	  	  	  
	 	  	Raymond James Ltd. 
	 	  	2500, 707 – 8th Avenue S.W. 
	 	  	Calgary, Alberta T2P 1H5 
	 	  	Attention: 	Sonny Mottahed 
	 	  	Facsimile: 	(403) 509-0532 

and shall be deemed to be received by the party to whom such
notice is given on the date of delivery or transmission.

10.               Disclosure

You agree to consult with Manas and with the Agent before
making any public disclosure or announcement of or pertaining to this Agreement
provided this clause shall not apply in the event you are advised by your
counsel that certain disclosures or announcements, which the other parties after
reasonable notice will not consent to, are required to be made by applicable
laws, stock exchange rules or policies of regulatory authorities having
jurisdiction.

- 4 -

11.                Successors

This Agreement will be binding upon, enure to the benefit of
and be enforceable by Manas, youyou’re your respective successors.

12.                Time
of the Essence

Time shall be of the essence of this Agreement.

13.                Applicable
Law

This Agreement shall be governed and construed in accordance
with the laws of the Province of Alberta and the laws of Canada applicable
herein and each party irrevocably attorns to the jurisdiction of the courts of
Alberta for the resolution of any disputes arising hereunder.

14.                Termination

This Agreement shall be deemed to terminate, and the respective
rights and obligations of the parties hereunder shall cease, immediately upon
the earliest to occur of: (i) termination of the Agency Agreement in accordance
with its terms; and (ii) the end of the Restricted Period.

(REMAINDER OF PAGE INTENTIONALLY LEFT
BLANK)

- 5 -

This Agreement may be signed in counterparts and by facsimile
or portable document format (PDF), each of which shall be deemed an original,
and all of which together constitute one and the same instrument.

	 	Yours truly, 
	 	 	 
	 	MANAS PETROLEUM CORPORATION  
	 	 	 
	 	 	 
	 	Per: 	 
	 	 	 
	 	 	 
	 	RAYMOND JAMES LTD. 
	 	 	 
	 	 	 
	 	Per: 	 

 

The foregoing is in accordance with our understanding and is
agreed to as of _______________, 2011.

	 	 	 
	(Number of Common
      Shares) 	 	(Print
      Name of Shareholder) 
	 	 	 
	 	 	 
	  	 	(Signature) 
	 	 	 
	 	 	 
	  	 	(Official
      Capacity or Title - if applicable)Jasper Explorations Inc.: Exhibit 10.1 - Filed by newsfilecorp.com

ASSET PURCHASE AGREEMENT

THIS AGREEMENT dated the 15th day of September,
2010.

BETWEEN:

LARICO INC. 

(the “Vendor”)

OF THE FIRST PART

AND:

JUBILEE RESOURCES
INC.

(the “Purchaser”)

OF THE SECOND PART

WHEREAS:

	A.	The Vendor is the registered and beneficial owner of various
mineral claims (hereinafter the “Claims”). The Claims of the Vendor are
more particularly described in Schedule “A” attached hereto and forming part of
this Agreement;
	 	 
	B.	The Vendor has agreed to sell and the Purchaser has agreed
to purchase all of the Claims of the Vendor in accordance with the terms of this
Agreement.

NOW THEREFORE THIS AGREEMENT WITNESSES that in
consideration of the terms and covenants herein and other good and valuable
consideration, the receipt and sufficiency of which each party acknowledges, the
parties hereto agree as follows:

	1. 	PURCHASE AND SALE OF ASSETS

	  	  
	1.1 	Sale of Assets. Subject to the terms and
      conditions of this Agreement, the Vendor hereby sells, assigns and
      transfers to the Purchaser, and the Purchaser hereby purchases the
      Vendor’s Claims. 
	  	  
	1.2 	Purchase Price. The purchase price
      payable by the Purchaser to the Vendor for the Vendor’s Claims is $15,000
      (the “Purchase Price”). 
	  	  
	1.3 	Payment of the Purchase Price. The
      Purchase Price will be paid by the delivery of a cheque, cash, or wire.
  

	1.4 	Delivery of Claims. The Vendor delivers
      to the Purchaser, on execution hereof, all of the Claims unconditionally
      and free and clear of all liens, charges, or encumbrances, except where
      disclosed. 
	
	
	  	  
	2. 	COVENANTS OF THE PARTIES 
	  	  
	2.1 	Covenants. The parties undertake to keep
      the information with respect to this Agreement, the terms herein, and any
      related, underlying or subsequent agreements (the “Information”)
      confidential and not to directly or indirectly disclose the Information at
      any time to any person or persons or use the Information for any purpose
      whatsoever. 
	
	
	
	  	  
	3. 	REPRESENTATIONS OF THE VENDOR  
	  	  
	3.1 	Representations. The Vendor represents
      and warrants to the Purchaser as follows, with the intent that the
      Purchaser will rely on the representations in entering into this
      Agreement, and in concluding the purchase and sale contemplated by this
      Agreement: 
	
	
	

	 	(a) 	
      Capacity to Sell. The Vendor is a corporation duly
      incorporated, validly existing and in good standing under the laws of
      British Columbia, and has the power and capacity to own and dispose of the
      Claims, and to enter into this Agreement and carry out its terms to the
      full extent;

	 	 	 	 
	 	(b) 	
      Authority to Sell. The execution and delivery of
      this Agreement, and the completion of the transaction contemplated by this
      Agreement has been duly and validly authorized by all necessary corporate
      action on the part of the Vendor, and this Agreement constitutes a legal,
      valid and binding obligation of the Vendor enforceable against the Vendor
      in accordance with its terms except as may be limited by laws of general
      application affecting the rights of creditors;

	 	 	 	 
	 	(c) 	
      Sale Will Not Cause Default. Neither the execution
      and delivery of this Agreement, nor the completion of the purchase and
      sale contemplated by this Agreement will:

	 	 	 	 
	 		(i) 	
      violate any of the terms and provisions of the constating
      documents or bylaws or articles of the Vendor, or any order, decree,
      statute, bylaw, regulation, covenant, restriction applicable to the Vendor
      or the Claims;

	 	 	 	 
	 		(ii) 	
      give any person the right to terminate, cancel or
      otherwise deal with the Claims; or

	 	(iii) 	
      result in any fees, duties, taxes, assessments or other
      amounts relating to the Claims becoming due or payable other than tax
      payable by the Purchaser in connection with the purchase and
  sale;

	 	(d) 	
      Encumbrances. The Vendor owns and possesses and
      has a good marketable title to the Claims free and clear of all legal
      claims, mortgages, liens, charges, pledges, security interest,
      encumbrances or other claims, except where as disclosed;

	 	 	 
	 	(e) 	
      Litigation. There is no litigation or
      administrative or governmental proceeding or inquiry pending or, to the
      knowledge of the Vendor, threatened against or relating to the Claims, nor
      does the Vendor know of or have reasonable grounds that there is any basis
      for any such action, proceeding or inquiry;

	 	 	 
	 	(f) 	
      No Defaults. Except as otherwise expressly
      disclosed in this Agreement there has not been any default in any
      obligation to be performed under any of the Claims, which are in good
      standing and in full force and appropriate effect; and

	 	 	 
	 	(g) 	
      Good Standing. Prior to closing this Agreement,
      the Vendor will maintain, as required, the Claims in good
  standing.

	4. 	COVENANTS OF THE VENDOR 
	  	  
	4.1 	Procure Consents. The Vendor will
      diligently and expeditiously take all reasonable steps requested by the
      Purchaser to obtain all necessary consents to effect the transfer of the
      Claims. 
	
	
	  	  
	4.2 	Covenant of Indemnity. The Vendor will
      indemnify and hold harmless the Purchaser from and against: 
	

	 	(a) 	
      any and all liabilities, whether accrued, absolute,
      contingent or otherwise, existing at closing and which are not agreed to
      be assumed by the Purchaser under this Agreement;

	 	 	 
	 	(b) 	
      any and all losses, claims, damages and costs incurred or
      suffered by the Purchaser arising out of the breach or inaccuracy of any
      representation or warranty of the Vendor contained in this Agreement;
      and

	 	 	 
	 	(c) 	
      any and all actions, suits, proceedings, demands,
      assessments, judgments, costs and legal and other expenses incident to any
      of the foregoing.

	4.3 	
      Execution of all necessary documents. The Vendor
      will execute all necessary documents including such assignments as the
      Purchaser may require to effect the transfer of all of the Claims, including but not limited to,
internet contracts and internet names.

	5. 	REPRESENTATIONS OF THE PURCHASER
    
	  	  
	5.1 	Representations. The Purchaser
      represents and warrants to the Vendor as follows, with the intent that the
      Vendor will rely on these representations and warranties in entering into
      this Agreement, and in concluding the purchase and sale contemplated by
      this Agreement: 
	
	
	

	 	(a) 	
      Status of Purchaser. The Purchaser is a
      corporation duly incorporated, validly existing and in good standing and
      has the power and capacity to enter into this Agreement and carry out its
      terms; and

	 	 	 
	 	(b) 	
      Authority to Purchase. The execution and delivery
      of this Agreement and the completion of the transaction contemplated by
      this Agreement has been duly and validly authorized by all necessary
      corporate action on the part of the Purchaser, and this Agreement
      constitutes a legal, valid and binding obligation of the Purchaser
      enforceable against the Purchaser in accordance with its terms except as
      limited by laws of general application affecting the rights of
      creditors.

	6. 	COVENANTS OF THE PURCHASER 
	  	  
	6.1 	Consents. The Purchaser will at the
      request of the Vendor execute and deliver such applications for consent
      and such assumption agreements, and provide such information as may be
      necessary to obtain the consents referred to in paragraph 4.1 and will
      assist and cooperate with the Vendor in obtaining the consents. 
	  	  
	6.2 	Execution of all necessary documents.
      The Purchaser will execute all necessary documents as the Vendor may
      require to effect the transfer of all of the Claims. 
	  	  
	7. 	SURVIVAL OF REPRESENTATIONS AND
      COVENANTS 
	  	  
	7.1 	Vendor's Representations and Covenants.
      All representations, covenants and agreements made by the Vendor in this
      Agreement or under this Agreement will, unless otherwise expressly stated,
      survive closing and any investigation at any time made by or on behalf of
      the Purchaser will continue in full force and effect for the benefit of
      the Purchaser. 
	
	
	
	
	  	  
	7.2 	Purchaser’s Representations and
      Covenants. All representations, covenants and agreements made by the
      Purchaser in this Agreement or under this Agreement will, unless otherwise
      expressly stated, survive closing and any investigation at any time made
      by or on behalf of the Vendor and will continue in full force and effect
      for the benefit of the Vendor. 
	
	
	
	

	8. 	LIABILITIES NOT ASSUMED 
	  	  
	8.1 	Liabilities Not Assumed. The Purchaser
      will not assume any liabilities of the Vendor. The Purchaser will not be
      responsible for any liability of the Vendor, past, present or future,
      relating to the Claims, and the Vendor will indemnify and save harmless
      the Purchaser from and against any such claim. 
	
	
	
	  	  
	9. 	CONDITIONS PRECEDENT TO THE OBLIGATIONS
      OF THE PURCHASER 
	  	  
	9.1 	Conditions. All obligations of the
      Purchaser under this Agreement are subject to the fulfillment of the
      following conditions: 
	

	 	(a) 	
      Vendor's Representations. The Vendor’s
      representations contained in this Agreement will be true.

	 	 	 
	 	(b) 	
      Vendor’s Covenants. The Vendor will have performed
      and complied with all agreements, covenants and conditions as required by
      this Agreement.

	 	 	 
	 	(c) 	
      Consents. The Purchaser will have received duly
      executed copies of the consents or approvals referred to in paragraph
      4.1.

	9.2 	Exclusive Benefit. The foregoing
      conditions are for the exclusive benefit of the Purchaser and any such
      condition may be waived in whole or in part by the Purchaser delivering to
      the Vendor a written waiver to that effect signed by the Purchaser. 
	
	
	  	  
	10. 	CONDITIONS PRECEDENT TO THE OBLIGATIONS
      OF THE VENDOR 
	  	  
	10.1 	Conditions. All obligations of the
      Vendor under this Agreement are subject to the fulfillment of the
      following conditions: 
	

	 	(a) 	
      Purchaser's Representations. The Purchaser’s
      representations contained in this Agreement will be true.

	 	 	 
	 	(b) 	
      Purchaser’s Covenants. The Purchaser will have
      performed and complied with all covenants, agreements and conditions as
      required by this Agreement.

	 	 	 
	 	(c) 	
      Consents of Third Parties. All consents or
      approvals required to be obtained by the Vendor for the purpose of
      selling, assigning or transferring the Claims have been obtained, provided
      that this condition may only be relied upon by the Vendor if the Vendor
      has diligently exercised its best efforts to procure all such consents or approvals and the
Purchaser has not waived the need for all such consents or approvals.

	10.2 	Exclusive Benefit. The foregoing
      conditions are for the exclusive benefit of the Vendor and any such
      condition may be waived in whole or in part by the Vendor delivering to
      the Purchaser a written waiver to that effect signed by the Vendor.
  

	11. 	
      GENERAL

	 	 
	11.1 	
      Governing Law. This Agreement and each of the
      documents contemplated by or delivered under or in connection with this
      Agreement are governed exclusively by, and are to be enforced, construed
      and interpreted exclusively in accordance with the laws of British
      Columbia which will be deemed to be the proper law of the
  Agreement.

	 	 
	11.2 	
      Professional Fees. Each of the parties will bear
      the fees and disbursements of their respective lawyers, advisers and
      consultants engaged by them respectively in connection with the
      transactions contemplated by this Agreement prior to the
closing.

	 	 
	11.3 	
      Assignment. No party will assign this Agreement,
      or any part of this Agreement, without the prior written consent of the
      other party. Any purported assignment without the required consent is not
      binding or enforceable against any party.

	 	 
	11.4 	
      Enurement. This Agreement enures to the benefit of
      and binds the parties and their respective successors and permitted
      assigns.

	 	 
	11.5 	
      Notice. All notices required or permitted to be
      given under this Agreement will be in writing and personally delivered to
      the address of the intended recipient set out on the first page of this
      Agreement or at such other address as may from time to time be notified by
      any of the parties in the manner provided in this Agreement.

	 	 
	11.6 	
      Further Assurances. The parties will execute and
      deliver all further documents and take all further action reasonably
      necessary or appropriate to give effect to the provisions and intent of
      this Agreement and to complete the transactions contemplated by this
      Agreement.

	 	 
	11.7 	
      Remedies Cumulative. The rights and remedies under
      this Agreement are cumulative and are in addition to and not in
      substitution for any other rights and remedies available at law or in
      equity or otherwise. Any party to this Agreement may terminate this
      Agreement if any other party is in breach of or defaults under any
      material term or condition of this Agreement or has made a material
      misrepresentation in this Agreement. No single or partial exercise by a
      party of any right or remedy precludes or otherwise affects the exercise
      of any other right or remedy to which that party may be
  entitled.

	11.8 	
      Entire Agreement. This Agreement constitutes the
      entire agreement between the parties and there are no representations,
      express or implied, statutory or otherwise and no collateral agreements
      other than as expressly set out or referred to in this
Agreement.

	 	 
	11.9 	
      Headings. The division of this Agreement into
      sections and the insertion of headings are for convenience only and do not
      form part of this Agreement and will not be used to interpret, define or
      limit the scope, extent or intent of this Agreement.

	 	 
	11.10 	
      Severability. Each provision of this Agreement is
      severable. If any provision of this Agreement is or becomes illegal,
      invalid or unenforceable, the illegality, invalidity or unenforceability
      of that provision will not affect the legality, validity or enforceability
      of the remaining provisions of this Agreement.

	 	 
	11.11 	
      Schedules. The Schedules attached hereto form an
      integral part of this Agreement.

	 	 
	11.12 	
      Time of the Essence. Time will be of the essence
      of this Agreement.

	 	 
	11.13 	
      Counterparts. This Agreement and all documents
      contemplated by or delivered in connection with this Agreement may be
      executed and delivered by facsimile or original and in any number of
      counterparts, and each executed counterpart will be considered to be an
      original. All executed counterparts taken together will constitute one
      agreement.

IN WITNESS WHEREOF the parties have duly executed this
Agreement by their duly authorized officers effective the first day and year
written above.

VENDOR: LARICO INC.

	per: 	“Jim Laird” 	 
	  	Authorized Signatory 	 
	  	  	 
	PURCHASER: JUBILEE RESOURCES
      INC. 	 
	  	  	 
	per: 	“Robert Denman” 	 
	  	Authorized Signatory 	 

SCHEDULE “A”

THIS IS SCHEDULE “A” to the Asset
Purchase Agreement.

RED STREAK CLAIM 1-395892
RED STREAK CLAIM 1-538842

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