Document:

EXHIBIT A

 

2012 EMPLOYEES/CONSULTANTS STOCK COMPENSATION PLAN

OF 

EXEO ENTERTAINMENT, INC.

 

SECTION 1. ESTABLISHMENT AND PURPOSE

 

The Plan was
established on July 6, 2012, effective July 6, 2012, to offer directors, officers and selected key employees. advisors and consultants
an opportunity to acquire a proprietary interest in the success of the Company to receive compensation, or to increase such interest,
by purchasing Shares of the Company’s common stock. The Plan provides both for the direct award or sale of Shares and for the
grant of Options to purchase Shares. Options granted under the Plan may include non-statutory options, as well as ISOs intended
to qualify under section 422 of the Code.

 

The Plan is
intended to comply in all respects with Rule 16.3 (or its successor) under the Exchange Act and shall be construed accordingly.

 

SECTION 2. DEFINITIONS.

 

(A)    “BOARD
OF DIRECTORS” shall mean the Board of Directors of the Company, as constituted from time to time.

 

(B)     “CODE” shall mean
the Internal Revenue Code of 1986. as amended.

 

(C)     “COMMITTEE”
shall mean a committee of the Board of Directors, as described in Section 3(a).

 

(D)     “COMPANY”
shall mean EXEO ENTERTAINMENT, INC., a Nevada corporation.

 

(E)     “EMPLOYEE”
shall mean (i) any individual who is a common-law employee of the Company or of a Subsidiary. (ii) an Outside Director, (iii) an
independent contractor who performs services for the Company or a Subsidiary and who is not a member of the Board of Directors,
including consultants and advisors that provide professional, technical, financial, legal, accounting, capital markets related
and other services. Services as an Outside Director or independent contractor shall be considered employment for all purposes of
the Plan, except as provided in Subsections (a) and (b) of Section 4.

 

    	 

    	 

    

 

(F)      “EXCHANGE ACT” shall
mean the Securities Exchange Act of 1934, as amended.

 

(G)     “EXERCISE
PRICE” shall mean the amount For which one share may be purchased upon exercise of an Option, as specified by the Committee
in the applicable Stock Option Agreement.

 

(H)     “FAIR MARKET VALUE” shall
mean the market price of Stock. determined by the Committee as follows:

 

(i)     If
Stock was traded on a stock exchange on the date in question, then the Fair Market Value shall be equal to the closing price reported
for such date by the applicable composite-transactions report:

 

(ii)    If
stock was traded over-the-counter on the date in question and was traded on the Nasdaq system or the Nasdaq National Market, then
the Fair Market Value shall be equal to the last transaction price quoted for such date by the Nasdaq system or the Nasdaq National
Market:

 

(iii)    If
Stock was traded over-the-counter on the date in question but was not traded on the Nasdaq system or the Nasdaq National Market,
then the Fair Market Value shall be equal to the mean between the last reported representative bid and asked prices quoted for
such date by the principal automated inter-dealer quotation system on which Stock is quoted or, if the Stock is not quoted on any
such system, by the "Pink Sheets" published by the National Quotation Bureau. Inc.; and

 

(iv)   If none
of the foregoing provisions is applicable, then the Fair Market Value shall be determined by the Committee in good faith on such
basis as it deems appropriate.

 

In all cases, the determination of Fair Market Value
by the Committee shall be conclusive and binding on all persons.

 

(I)      “ISO” shall mean an employee
incentive stock option described in section 422(b) of the Code.

 

(J)      “NON-STATUORY OPTION” shall
mean an employee stock option not described in sections 422(b) or 423(b) of the Code.

 

(K)     “OFFEREE”
shall mean an individual to whom the Committee has offered the right to acquire Shares under the Plan (other than upon exercise
of an Option)

 

(L)     “OPTION” shall mean an ISO
or Non-statutory Option granted under the Plan and entitling the holder to purchase Shares.

 

(M)    “OPTIONEE”
shall mean an individual who holds an Option.

 

(N)     “OUTSIDE DIRECTOR” shall mean
a member of the Board of Directors who is not a common–law employee of the Company or of a Subsidiary.

 

    	 

    	 

    

 

(O)     COMMITTEE PROCEDURES.
The Committee shall designate one of its members as chairman. The Committee may hold meetings at such times and places as it shall
determine. The acts of a majority of the Committee members present at meetings at which a quorum exists. or acts reduced to or approved
in writing by all Committee members, shall be valid acts of the Committee.

 

(P)     COMMITTEE RESPONSIBILITIES. Subject
to the provisions of the Plan, the Committee shall have the authority and discretion to take the following actions:

 

(i)       To interpret the Plan and
to apply its provisions:

 

(ii)      To adopt, amend or rescind
rules, procedures and forms relating to the Plan:

 

(iii)     To authorize any person
to execute, on behalf of the Company, any instrument required to carry out the purposes of the Plan:

 

(iv)     To determine when Shares
are to be awarded or offered for sale and when Options are to be granted under the Plan:

 

(v)      To select the Offerees
and Optionees:

 

(vi)     To determine the number
of Shares to be offered to each Offeree or to be made subject to each Option:

 

(vii)    To prescribe the terms and
conditions of each award or sale of Shares, including (without limitation) the Purchase Price, and to specify the provisions of
the Stock Purchase Agreement relating to such award or sale:

 

(viii)   To prescribe the terms
and conditions of each Option, including (without limitation) the Exercise Price, to determine whether such Option is to be classified
as an ISO or as a Non-statutory Option, and to specify the provisions of the Stock Option .Agreement relating to such Option:

 

(ix)     To amend any outstanding
Stock Purchase Agreement or Stock Option Agreement, subject to applicable legal restrictions and, to the extent such amendments
adverse to the Offeree’s or Optionee’s interest, to the consent of the Offeree or Optionee who entered into such agreement:

 

(x)      To prescribe the consideration
for the grant of each Option or other right under the Plan and to determine the sufficiency of such consideration: and

 

(xi)     To take any other actions
deemed necessary or advisable for the administration of the Plan.

 

    	 

    	 

    

 

All decisions, interpretations and
other actions of the Committee shall be final and binding on all Offerees, all Optionees, and all persons deriving their rights
from an Offeree or Optionee. No member of the Committee shall be liable for any action that he or she has taken or has failed to
lake in good faith with respect to the Plan, any Option, or any right to acquire Shares under the Plan.

 

SECTION 3. INTENTIONALLY OMITTED

 

SECTION 4. ELIGIBILITY.

 

(A)    GENERAL, RULES. Only Employees (including,
without limitation, independent contractors, consultants and legal counsel who are not members of the Board of Directors) shall
be eligible for designation as Optionees or Offerees by the Committee. In addition. only Employees who are common-law employees
of the Company or a Subsidiary shall be eligible for the grant of ISOs. Employees who are Outside Directors shall only be eligible
for the grant of the Non-statutory Options described in Subsection (b) below.

 

(B)     OUTSIDE DIRECTORS. Any other provision
of the Plan notwithstanding, the participation of Outside Directors in the Plan shall be subject to the following restrictions:

 

(i)      outside Directors shall receive
no grants other than the Non-statutory options described in this Subsection (b)

 

(ii)     All Non-statutory Options
granted to an Outside Director under this Subsection (b) shall also become exercisable in fill in the event of the termination
of such Outside Director’s service because of death. Total and Permanent Disability or voluntary retirement at or after age 65.

 

(iii)     The Exercise Price under
all Non-statutory Options granted to an Outside Director under this Subsection (b) shall be equal to 100 percent of the Fair Market
Value of a Share on the date of grant, payable in one of the forms described in Subsection (a), (b), (c) or (d) of Section 6.

 

(iv)    Non-statutory options granted
to an outside Director under this Subsection (b) shall terminate on the earliest of (A) the 10th anniversary of the date of grant.
(B) the date three months after the termination of such Outside Director’s service for any reason other than death or Total and
Permanent Disability or (C) the date 12 months after the termination of such Outside Director’s service because of death or Total
and Permanent Disability.

 

The committee may provide that the
Non-statutory Options that otherwise would be granted to an Outside Director under this Subsection (b) shall instead be granted
to an affiliate of such Outside Director. Such affiliate shall then be deemed to be an Outside Director for purposes of the Plan,
provided that the service related vesting and termination provisions pertaining to the Non-statutory Options shall be applied with
regard to the service of the Outside Director.

 

    	 

    	 

    

 

(C)     ATTRIBUTION
RULES. For purposes of Subsection (c) above, in determining stock ownership, an Employee shall be deemed to own the stock owned,
directly or indirectly, by or for such Employee’s brothers, sisters, spouse, ancestors and lineal descendants. Stock owned, directly
or indirectly. by or for a corporation, partnership, estate or trust shall be deemed to be owned proportionately by or for its
stockholders, partners or beneficiaries. Stock with respect to which such Employee holds an option shall not be counted.

 

(D)    OUTSTANDING
STOCK. For purposes of Subsection (c) above. “outstanding Stock” shall include all Stock actually issued and outstanding immediately
after the grant. “Outstanding stock” shall not include shares authorized for issuance under outstanding options held
by the Employee or by any oilier person.

 

SECTION 5. STOCK SUBJECT TO PLAN.

 

(A)   BASIC LIMITATION.
Shares offered under the Plan shall be authorized but unissued Shares or treasury Shares. The aggregate number of Shares which
may be issued under the Plan (upon exercise of Options or other rights to acquire Shares) shall be 5,000,000 Shares, subject to
adjustment pursuant to Section 9. The number of Shares which are subject to Options or other rights outstanding at any time under
the Plan shall not exceed the number of Shares which then remain available for issuance under the Plan. The Company, during the
term of the Plan, shall at all times reserve and keep available sufficient Shares to satisfy the requirements of the Plan.

 

(B)    ADDITIONAL
SHARES. In the event that any outstanding Option or other right for any reason expires or is cancelled or otherwise terminated,
the Shares allocable to the unexercised portion of such Option or other right shall again be available for the purposes of the
Plan. In the event that Shares issued under the Plan are reacquired by the Company pursuant to a forfeiture provision, a right
of repurchase or a right of first refusal. Such Shares shall again be available for the purposes of the Plan.

 

SECTION 6. TERMS AND CONDITIONS OF AWARDS OR SALES.

 

(A)    AGREEMENT. Each award or sale
of Shares under the Plan (other than upon exercise of an Option) shall be evidenced by an Agreement between the Offeree and the
Company. Such award or sale shall be subject to all applicable terms and conditions of the Plan and may be subject to any other
terms and conditions which are not inconsistent with the Plan and which the Committee deems appropriate for inclusion in an Agreement.
The provisions of the various Agreements entered into under the Plan need not be identical.

 

(B)    DURATION
OF OFFERS AND NONTRANSFERABILITY OF RIGHTS. Any right to acquire Shares under the Plan (other than an Option) shall automatically
expire if not exercised by the Offeree within 30 days after the grant of such right was communicated to the Offeree by the Committee.
Such right shall not be transferable and shall be exercisable only by the Offeree to whom such right was granted.

 

    	 

    	 

    

 

(C)    PURCHASE PRICE. The Purchase
Price of Shares to be offered under the Plan shall not be less than 90 percent of the Fair Market Value of such Shares. Subject
to the preceding sentence, the Purchase Price shall be determined by the Committee at its sole discretion. The Purchase Price shall
be payable in a form described in Section 6.

 

(D)    WITHHOLDING TAXES. As a condition
to the award, sale or vesting of Shares, the Offeree shall make such arrangements as the Committee may require for the satisfaction
of any federal, state, local or foreign withholding tax obligations that arise in connection with such Shares. The Committee may
permit the Offeree to satisfy all or part of his or her tax obligations related to such Shares by having the Company withhold a
portion of any Shares that otherwise would be issued to him or her or by surrendering any Shares that previously were acquired
by him or her. The Shares withheld or surrendered shall be Valued at their Fair Market Value on the date when taxes otherwise would
be withheld in cash. The payment of taxes by assigning Shares to the Company, if permitted by the committee, shall be subject to
such restrictions as the Committee may impose, including any restrictions required by rules of the Securities and Exchange Commission.

 

(E)    RESTRICTIONS ON TRANSFER OF SHARES.
Any Shares awarded or sold under the Plan shall be subject to such special forfeiture conditions, rights of repurchase, rights
of first refusal and other transfer restrictions as the Committee may determine. Such restrictions shall be set forth in the applicable
Stock Purchase Agreement and shall apply in addition to any general restrictions that may apply to all holders of Shares.

 

SECTION 7. TERMS AND CONDITIONS
OF OPTIONS.

 

(A)    STOCK OPTION AGREEMENT. Each
grant of an Option under the Plan shall be evidenced by a Stock Option Agreement between the Optionee and the Company. Such Option
shall be subject to all applicable terms and conditions of the Plan and may be subject to any other terms and conditions which
are not inconsistent with the Plan and which the Committee deems appropriate for inclusion in a Stock Option Agreement. The provisions
of the various Stock Option Agreements entered into under the Plan need not be identical.

 

(B)    NUMBER
OF SHARES. Each Stock Option Agreement shall specify the number of Shares that are subject to the Option and shall provide
for the adjustment of such number in accordance with Section 9. The Stock Option Agreement shall also specifywhether the
Option is an ISO or a Non-statutory Option.

 

(C)     EXERCISE
PRICE. Each Stock Option Agreement shall specify the Exercise Price. The Exercise Price of an ISO shall not be less than 100 percent
of the Fair Market Value of a Share on the date of grant, except as otherwise provided in Section 4(c). The Exercise Price of a
Non-statutory Option shall not be less than 85 percent of the Fair Market Value of a Share on the date of grant. Subject to the
preceding two sentences, the Exercise Price under any Option shall be determined by the Committee at its sole discretion. The Exercise
Price shall be payable in a form described in Section 8.

 

    	 

    	 

    

 

(D)   WITHHOLDING TAXES. As
a condition to the exercise of an Option, the Optionee shall make such arrangements as the Committee may require for the satisfaction
of any federal, state, local or foreign withholding tax obligations that arise in connection with such exercise. The Optionee
shall also make such arrangements as the Committee may require for the satisfaction of any federal, state, local or foreign withholding
tax obligations that may arise in connection with the disposition of Shares acquired by exercising an Option. The Committee may
permit the Optionee to satisfy all or part of his or her tax obligations related to the Option by having the Company withhold
a portion of any Shares that otherwise would be issued to him or her or by surrendering any Shares that previously were acquired
by him or her. Such Shares shall be valued at their Fair Market Value on the date when taxes otherwise would be withheld in cash.
The payment of taxes by assigning Shares to the Company, if permitted by the Committee, shall be subject to such restrictions
as the Committee may impose, including any restrictions required by rules of the Securities and Exchange Commission.

 

(E)     EXERCISABILITY AND TERM. Each
Stock Option Agreement shall specify the date when all or any installment of the Option is to become exercisable. The vesting of
any Option shall be determined by the Committee at its sole discretion. A Stock Option Agreement may provide for accelerated exercisability
in the event of the Optionee’s death. Total and Permanent Disability or retirement or other events. The Stock Option Agreement
shall also specify the term of the Option. The term shall not exceed 10 years from the date of grant, except as otherwise provided
in Section 4(c). Subject to the preceding sentence, the Committee at its sole discretion shall determine when an Option is to expire.

 

(F)      NON TRANSFERABILITY. During
an Optionee’s lifetime, such Optionee’s Option(s) shall be exercisable only by him or her and shall not be transferable, unless
permitted by the Stock Option Agreement. In the event of an Optioneets death, such Optionee’s Option(s) shall not be transferable
other than by will, by a beneficiary designation executed by the Optionee and delivered to the Company, or by the laws of descent
and distribution.

 

(G)    TERMINATION
OF SERVICE (EXCEPT BY DEATH). If an Optionee’s Service terminates for any reason other than the Optionee’s death, then such Optionee’s
Option(s) shall expire on the earliest of the following occasions:

 

(i)      The expiration date determined
pursuant to Subsection (e) above:

 

(ii)     The date 90 days after
the termination of the Optionees Service for any reason other than Total and Permanent Disability: or

 

(iii)    The date six months after
the termination of the Optionee’s Service by reason of Total and Permanent Disability.

 

The Optionee may exercise all or
part of his or her Option(s) at any time before the expiration of such Option(s) under the preceding sentence, but only to the
extent that such Option(s) had become exercisable before the Optionee’s service terminated or became exercisable as a result of
the termination. The balance of such Option(s) shall lapse when the Optionee’s Service terminates. In the event that the Optionee
dies after the termination of the Optionee’s Service but before the expiration of the Optionee’s Option(s). all or part of such
Option(s) may be exercised (prior to expiration) by his of her designated beneficiary (if applicable), by the executors or administrators
of the Optionee’s estate or by any person who has acquired such Option(s) directly from the Optionee by bequest or inheritance,
but only to the extent that such Option(s) had become exercisable before the Optionee’s Service terminated or became exercisable
as a result of the termination.

 

    	 

    	 

    

 

(H)    LEAVES
OF ABSENCE. For purposes of Subsection (g) above. Service shall be deemed to continue while the Optionee is on sick leave or other
bonafide leave of absence (as determined by the Committee). The foregoing notwithstanding, in the case of an ISO granted under
the Plan. Service shall not be deemed to continue beyond the first 90 days of such leave, unless the Optionee’s reemployment rights
are guaranteed by statute or by contract.

 

(I)     DEATH OF OPTIONEE. If an Optionee
dies while he or she is in service, then such Optionee’s Option(s) shall expire on the earlier of the following dates:

 

(i)     The expiration date determined
pursuant to Subsection (e) above: or

 

(ii)    The date six months after
the Optionee’s death.

 

All or part of the Optionee’s Option(s)
may be exercised at any time before the expiration of such Option(s) under the preceding sentence by his or her designated beneficiary
(if applicable), by the executors or administrators of the optionee’s estate or by any person who has acquired such Option(s) directly
from the Optionee by bequest or inheritance, but only to the extent that such Option(s) had become exercisable before the Optionee’s death or became exercisable as a result of the Optionee’s death. The balance of such Option(s) shall lapse when the Optionee
dies.

 

(J)    NO RIGHTS AS A STOCKHOLDER. An
Optionee, or a transferee of an Optionee, shall have no rights as a stockholder with respect to any Shares covered by his or her
Option until the date of the issuance of a stock certificate for such Shares. No adjustments shall be made, except as provided
in Section 9.

 

(K)   MODIFICATION,
EXTENSION AND RENEWAL OF OPTIONS. Within the limitations of the Plan, the Committee  may modify, extend or renew outstanding
Options or may accept the cancellation of outstanding Options (to the extent not previously exercised) in return for the
grant of new Options at the same or a different price. The foregoing notwithstanding, no modification of an option shall,
without the consent of the Optionee, impair such Optionee’s rights of increase his or her obligations under such Option.

 

(L)    RESTRICTIONS ON TRANSFER OF SHARES.
Any Shares issued upon exercise of an Option shall be subject to such special forfeiture conditions, rights of repurchase, rights
of first refusal and other transfer restrictions as the Committee may determine. Such restrictions shall be set forth in the applicable
Stock Option Agreement and shall apply in addition to any general restrictions that may apply to all holders of Shares.

 

    	 

    	 

    

 

SECTION 8.   PAYMENT FOR SHARES.

 

(A)   GENERAL
RULE. The entire Purchase Price or Exercise Price of Shares issued under the Plan shall he payable in lawful money of the United
States of America at the time when such Shares are purchased, except as follows:

 

(i)     In the case of Shares sold
under the terms of a Stock Purchase Agreement subject to the Plan payment shall be made only pursuant to the express provisions
of such Stock Purchase Agreement. However the Committee (at its sole discretion) may specify in the Stock Purchase Agreement
that payment may be made in one or all of the forms described in Subsections (e). (f) and (g) below.

 

(ii)       In the case of an ISO granted
under the Plan, payment shall be made only pursuant to the express provisions of the applicable Stock Option Agreement. However,
the Committee (at its sole discretion) may specify in the Stock Option Agreement that payment may be made pursuant to Subsections
(b), (c), (d), (1) or (g) below.

 

(iii)      In the
case of a Non-statutory Option granted under the Plan, the committee (at its sole discretion) may accept payment pursuant to Subsections
(b), (e), (d), (f) or (g) below.

 

(B)   SURRENDER OF STOCK. To the
extent that this Subsection (b) is applicable, payment may be made all or in part with Shares which have already been owned by
the Optionee or his or her representative for more than 12 months and which are surrendered to the Company in good form for transfer.
Such Shares shall be valued at their fair Market Value on the date when the new Shares are purchased under the Plan.

 

(C)   EXERCISE/SALE. TO THE EXTENT
THAT THIS SUBSECTION (C) is applicable, payment may be made by the delivery (on a form prescribed by the Company) of an irrevocable
direction to a securities broker approved by the Company to sell Shares and to deliver all or part of the sales proceeds to the
Company in payment of all or part of the Exercise Price and any withholding taxes.

 

(D)   EXERCISE/PLEDGE. To the extent
that this Subsection (d) is applicable, payment may be made by the delivery (on a form prescribed by the Company) of an irrevocable
direction to pledge Shares to a securities broker or lender approved by the Company as security for a loan, and to deliver all
or part of the loan proceeds to the Company in payment of all or part of the Exercise Price and any withholding taxes.

 

(E)      SERVICES RENDERED. To the
extent that this Subsection (e) is applicable. Shares may be awarded under the Plan in consideration of services rendered to the
Company or a Subsidiary prior to the award. If Shares are awarded without the payment of a Purchase Price in cash the Committee
shall make a determination (at the time of the award) of the value of the services rendered by the Offeree and the sufficiency
of the consideration to meet the requirements of Section 6(c).

 

    	 

    	 

    

 

(F)
     PROMISSORY NOTE. To the extent that this Subsection (f) is applicable, a portion of the
Purchase Price or Exercise Price. as the case may be. of Shares issued under the Plan maybe payable by a full recourse
promissory note, provided that (i) the par value of such Shares must be paid in lawful money of the United States of America
at the time when such Shares are purchased, (ii) the Shares are security for payment of the principal amount of the
promissory note and interest thereon and (iii) the interest rate payable under the terms of the promissory note shall he no
less than the minimum rate (if any) required to avoid the imputation of additional interest under the Code. Subject to the
foregoing, the Committee (at its sole discretion) shall specify the term, interest rate, amortization requirements (if any)
and other provisions of such note.

 

(G)    OTHER FORMS OF PAYMENT. To the
extent that this Subsection (g) is applicable. payment may be made in any other form approved by the Committee, consistent with
applicable laws. regulations and rules.

 

SECTION 9. ADJUSTMENT OF SHARES.

 

(A)   GENERAL. In the event of a subdivision
of the outstanding Stock, a declaration of a dividend payable in Shares, a declaration of a dividend payable in a form other than
Shares in an amount that has a material effect on the value of Shares, a combination or consolidation of the outstanding Stock
(by reclassification or otherwise) into a lesser number of Shares, a recapitalization, a spinoff or a similar occurrence, the Committee
shall make appropriate adjustments in one or more of (i) the number of Shares available for future grants under Section 5. (ii)
the number of Non-statutory Options to be granted to Outside Directors under Section 4(b). (iii) the number of Shares covered by
each outstanding Option or (iv) the Exercise Price under each outstanding Option.

 

(B)    REORGANIZATIONS.
In the event that the company is a party to a merger or other reorganization, outstanding Options shall be subject to the agreement
of merger or reorganization. Such agreement may provide. without limitation, for the assumption of outstanding Options by the
surviving corporation or its parent, for their continuation by the Company (if the Company is a surviving corporation) . for
payment of a cash settlement equal to the difference between the amount to be paid for one Share under such agreement and the
Exercise Price, or for the acceleration of their exercisability followed by the cancellation of Options not exercised, in all
cases without the Optionees’ consent. Any cancellation shall not occur until after such acceleration is effective and Optionees
have been notified of such acceleration. In the case of Options that have been outstanding for less than 12 months, a cancellation
need not be preceded by acceleration.

 

(C )  RESERVATION Of RIGHTS.
Except as provided in this Section 9. an Optionee or Offeree shall have no rights by reason of any subdivision or consolidation
of shares of Stock of any class, the payment of any dividend or any other increase or decrease in the number of shares of stock
of any class. Any issue by the Company of shares of Stock of any class, or securities convertible into shares of Stock of any
class, shall not affect, and no adjustment by reason thereof shall be made with respect to: the number or Exercise Price of Shares
subject to an Option. The grant of an Option pursuant to the Plan shall not affect in any way the right or power of the Company
to make adjustments. reclassifications, reorganizations or changes of its capital or business structure, to merge or consolidate
or to dissolve, liquidate, sell or transfer all or any part of its business or assets.

 

    	 

    	 

    

 

SECTION 10. SECURITIES LAWS.

 

Shares shall not be issued under
the Plan unless the issuance and delivery of such Shares complies with (or is exempt from) all applicable requirements of law.
including without limitation) the Securities Act of 1933. as amended, the rules and regulations promulgated thereunder, state securities
laws and regulations, and the regulations of any stock exchange on which the Company’s securities may then be listed.

 

SECTION 11. NO RETENTION RIGHTS.

 

Neither the Plan nor any Option shall
be deemed to give any individual a right to remain an employee, consultant or director of the Company or a Subsidiary. The Company
and its Subsidiaries reserve the right to terminate the service of any employee, consultant or director, at any time, with or without
cause, subject to applicable laws, the Company’s certificate of incorporation and by-laws and a written employment agreement (if
any).

 

SECTION 12. DURATION AND AMENDMENTS.

 

(A)    TERM OF THE PLAN. The Plan,
as set forth herein, shall become effective as of July 6. 2012. The Plan shall terminate automatically 15 years after its initial
adoption by the Board of Directors on July 5. 2027. and may be terminated on any earlier date pursuant to Subsection (b) below.

 

(B)    RIGHTS
TO AMEND OR TERMINATE THE PLAN. The Board of Directors may. subject to applicable law. amend, suspend or terminate the Plan at
any time and for any reason. An amendment to the Plan shall require stockholder approval only to the extent required by applicable
law.

 

(C)    EFFECT OF AMENDMENT OR TERMINATION.
No Shares shall be issued or sold under the Plan after the termination thereof, except upon exercise of an Option granted prior
to such termination. The termination of the Plan, or any amendment thereto shall not affect any Share previously issued or any
Option previously granted under the Plan.

 

    	 

    	 

    

 

SECTION 13. EXECUTION.

 

To record the adoption of the Plan
by the Board of Directors on July 6. 2012. the Company has caused its authorized officer to execute the same.

 

	EXEO ENTERTAINMENT, INC., 	 
	a Nevada corporation	 
	 	 
	By:	/s/ Robert
    Scott Amaral	 
		Robert Scott Amaral. CEOPURCHASE
AND SALE AGREEMENT

 

This PURCHASE AND SALE
AGREEMENT (“Agreement”) is made effective as of 7:00 A.M. Mountain Time on August 15, 2013 (“Effective
Time”) between SLAWSON EXPLORATION COMPANY, INC., a Kansas corporation authorized to conduct business in North Dakota,
whose address is 1675 Broadway, Suite 1600, Denver, CO 80202-4675 (“Buyer”) and SAMSON OIL AND GAS USA, INC.,
a Colorado corporation authorized to conduct business in North Dakota, whose address is 1331 17th Street, Suite 710,
Denver, CO 80202-1557 (“Seller”) (each referred to herein individually as a “Party” or collectively
the “Parties”).

 

RECITALS

 

A.WHEREAS, Seller
owns record title to rights and interests in and to certain oil and gas leasehold estates located within Williams County, North
Dakota, and the personal property, appurtenances and contracts associated therewith, as more particularly described herein; and

 

B.WHEREAS, Seller
desires to sell to Buyer, and Buyer desires to purchase from Seller, such oil and gas leasehold estates pursuant to the terms and
conditions of this Agreement.

 

NOW, THEREFORE, in
consideration of the mutual promises contained herein, and other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, Buyer and Seller agree as follows:

 

ARTICLE
1

PURCHASE OF LEASEHOLD AND WELL OPERATIONS

 

1.1Subject to the
terms and conditions of this Agreement, Buyer agrees to purchase from Seller, and Seller agrees to sell, assign and deliver to
Buyer, effective as of the Effective Time, an undivided fifty percent (50.0%) of Seller’s right, title and interest, whether
present, contingent, contractual or reversionary, in and to the following (collectively, “Assets”):

 

(a)The oil and gas
leases (including all leasehold estates, working interests, operating rights, record title interests, mineral interests, royalty
interests, overriding royalty interests, net profits interests and/or similar interests) described on Exhibit A (collectively,
“Leases”), insofar and only insofar as to the lands described on Exhibit A (collectively, “Lands”),
and insofar and only insofar as the Leases cover those depths lying between the stratigraphic equivalent of fifty feet (50.0’)
above the top of the Bakken Formation (as the same may be found at a subsea depth of -8,834 feet TVDSS in the Long Creek #3 Well,
located in the N/2SW/4SE/4, Section 36, Township 154 North, Range 99 West, 5th P.M., Williams County, North Dakota)
and the stratigraphic equivalent of the base of the Three Forks Formation (as the same may be found at subsea depth of -9,124 feet
TVDSS in the Long Creek #3 Well located in the N/2SW/4SE/4, Section 36, Township 154 North, Range 99 West, 5th P.M.,
Williams County, North Dakota) (“Bakken/Three Forks Formation”);

 

    	- 1 -

    	 

    

 

(b)The oil and gas
wells described on Exhibit B, together with all equipment and infrastructure pertaining thereto (collectively, “Wells”);

 

(c)The oil, gas,
casinghead gas, coalbed methane, condensate and other gaseous and liquid hydrocarbons or any combination thereof, sulphur extracted
from hydrocarbons and all other lease substances that may be produced from the Leases, insofar and only insofar as the same cover
the Lands and the Bakken/Three Forks Formation (collectively, “Hydrocarbons”);

 

(d)The unitization,
pooling and communitization agreements, declarations, orders, and the units created thereby relating to the Leases, Lands and Wells,
and to the production of Hydrocarbons, if any, attributable to the Leases and Lands, or lands pooled or unitized therewith;

 

(e)All surface leases,
permits, rights-of-way, licenses, easements and other surface use or access agreements pertaining to the Leases, Lands and Wells
(collectively, “Surface Agreements”);

 

(f)All contracts
and agreements pertaining to the Leases, Lands and Wells, including without limitation those described on Exhibit C, but
specifically excluding that certain Daywork Drilling Contract dated March 6, 2012 between Samson Oil & Gas Limited Montana
and Frontier Drilling LLC (“Rig Lease”), concerning the Frontier 24 Rig (“Rig”); and

 

(g)All the files
and records relating to the properties and interests described in Article 1.1 (a)-(f), including without limitation, lease
records, land records, title records and well records (collectively, “Records”).

 

1.2Excluded
Assets. Notwithstanding the foregoing, the Assets shall not include, and there is hereby excepted, reserved and excluded from
the transaction contemplated by this Agreement, the following (collectively, “Excluded Assets”):

 

(a)All oil, gas,
water or injection wells located on the Leases or Lands as of the Effective Time, other than the Wells; and

 

(b)All subsurface
formations covered by the Leases, other than the Bakken/Three Forks Formation.

 

1.3Seller’s Delivery of
Minimum Net Mineral Acres and Minimum Net Revenue Interest. Seller acknowledges and agrees that it shall deliver to Buyer at
Closing: (a) not less than a collective 528.00 net mineral acres in the Leases and Lands (collectively, “NMA”)
and (b) not less than a seventy-six and one-half percent (76.5%) net revenue interest in and to each of the Leases and Wells (collectively,
“NRI”). In the event Seller is unable to deliver to Buyer the NRI pursuant to the terms of this Agreement, on
or before the Final Settlement Date Seller shall execute an assignment of overriding royalty interest in favor of Buyer, in a form
substantially similar to that set forth on Exhibit D, in an amount equal to the difference between the NRI owned by Seller
in the Leases and Wells at the Final Settlement Date and the NRI.

 

    	- 2 -

    	 

    

 

 

1.4Agreement as to Operation
of Leases, Lands and Wells. The Parties agree that as of the Effective Time, or as otherwise provided herein:

 

(a)Successor
Operator. Seller is presently designated as operator of the Wells, expressly excluding the Grasser 1-14 SWD Well (API No. 33-105-90242-00-00),
located in the SW/4SW/4, Section 14, Township 154, Range 99 West, 5th P.M. (“SWD Well”), pursuant
to joint operating agreements with third parties. As of the Effective Time, Seller shall execute and deliver to Buyer a notice
of resignation as operator of the Wells, expressly excluding: (i) the SWD Well and (ii) the Billabong 2-13-14HBK Well (API No.
33-105-02974-00-00), with a surface location SW/4SE/4, Section 13, Township 154 North, Range 99 West, 5th P.M. (“Billabong
Well”), pursuant to the terms of the joint operating agreements pertaining to the Wells, and the Parties shall execute
North Dakota Industrial Commission (“NDIC”) NDIC Form 15 – Notice of Transfer of Oil and Gas Wells. Seller
supports and consents to Buyer’s operatorship of the Leases, Lands and Wells (excluding the SWD and Billabong Wells) from
and after the Effective Time, and shall use commercially reasonable efforts to support Buyer’s succession of Seller as operator
of the Wells (excluding the SWD and Billabong Wells), subject to the provisions of any applicable joint operating agreement(s).
Buyer acknowledges, however, that third parties may not agree to allow Buyer to succeed Seller as operator
of the Leases, Lands and Wells (excluding the SWD and Billabong Wells) under such joint operating agreements or may otherwise exercise
rights they may have that would preclude Buyer from succeeding Seller as operator of the Leases, Lands and Wells (excluding the
SWD and Billabong Wells).

 

(b)Frontier
24 Rig Demobilization, Moving, and Mobilization Costs. As of the Effective Time, Seller shall provide Buyer with evidence of
the termination of the Rig Lease as it pertains to the Rig, executed by Frontier Drilling LLC. Subsequent to the Effective Time,
Buyer shall enter into an agreement with Frontier Drilling LLC with respect to the Rig (“New Rig Lease”). In
the event Buyer, despite commercially reasonable efforts and acting as a prudent operator, is unable to utilize the Rig on the
Leases and Lands during the term of the New Rig Lease, Seller shall reimburse Buyer for up to two hundred fifty thousand dollars
($250,000.00) of Rig demobilization, moving or mobilization costs actually incurred by Buyer, in order to move the Rig to a new
location lying outside of the Leases and Lands. In the event any such costs are incurred by Buyer, Buyer shall provide copies of
the invoices pertaining thereto, whereupon Seller shall pay such costs, not to exceed two hundred fifty thousand dollars ($250,000.00),
within thirty (30) days of the receipt thereof.

 

1.5Seller’s
Post-Closing Participation in Well Operations; Payment of Liens. To the extent Seller
elects to participate (or to continue to participate based upon a prior election) in oil and gas development operations concerning
the Leases, Lands and Wells (excluding the SWD and Billabong Wells) from and after the Effective Time, Seller agrees to make payment
to Buyer for any authorizations for expenditure issued to Seller by Buyer in Buyer’s capacity as operator of the Leases,
Lands and Wells (excluding the SWD and Billabong Wells), within the later of: (a) five (5) days of receipt of the same or (b) five
(5) days prior to spud or other commencement of the operation contemplated by the subject authorization for expenditure. In the
event Seller fails to make payment to Buyer within the time set forth in this Article
1.5, Buyer shall provide Seller, via Certified U.S. Mail, with notice of Seller’s
non-payment (“Non-Payment Notice”).
If Seller fails to make payment to Buyer pursuant to any Non-Payment Notice within five (5) days of Seller’s receipt of the
same, such failure to make timely payment of the subject authorization for expenditure shall result in Seller’s complete
relinquishment of all production proceeds, rents and income attributable to Seller with respect to the well to which such authorization
for expenditure relates. Seller further acknowledges that the provisions of this Article
1.5 control over and supersede any joint operating or other agreement between Seller and
any third party concerning the Leases, Lands and Wells (excluding the SWD and Billabong Wells). In addition, notwithstanding anything
herein to the contrary, Seller also agrees that Buyer, in its post-Closing role as operator of the Leases, Lands and Wells (excluding
the SWD and Billabong Wells), may offset and retain all amounts attributable to Seller’s post-Closing proportionate share
of production proceeds associated with the same to the extent necessary for Buyer to make payment of any and all amounts claimed
by third parties pursuant to any mechanics, oil and gas leasehold, production and/or other liens claimed against the Leases, Lands
and Wells (excluding the SWD and Billabong Wells) arising prior to the Effective Time.

 

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ARTICLE
2

PURCHASE PRICE

 

2.1Purchase
Price. In consideration for the conveyance of the Assets, Buyer agrees to make payment to Seller in the amount of four million
six hundred seventy-two thousand thirty-one dollars ($4,672,031.00), as the same is to be paid and adjusted pursuant to Articles
7 and 8, for the following (collectively, “Purchase Price”):

 

(a)Leasehold Payment. Pursuant
and expressly subject to Articles 7 and 8, Buyer agrees to make payment to Seller in the amount of two million six
hundred forty thousand dollars ($2,640,000.00), in payment for leasehold purchase costs associated with the Leases and Lands.

 

(b)SWD Payment. Pursuant
and expressly subject to Articles 7 and 8, Buyer agrees to make payment (“SWD Payment”) to Seller
in the amount of seven hundred fifty thousand dollars ($750,000.00), in payment for one-half (50.0%) of Seller’s proportionate
share of costs incurred and paid prior to the Effective Time associated with the “SWD Well.” Notwithstanding anything
herein to the contrary, in no event shall the SWD Payment include any amounts arising from (whether incurred prior or subsequent
to the Effective Time) or in connection with damages to the SWD Well caused by the lightning strike occurring on or about June
25, 2013 (“Event”), all such costs to be borne by and timely paid for solely by Seller. Buyer acknowledges that
Seller, through the operator of the SWD Well, has and/or will be making an insurance claim for damages to the SWD Well caused by
the Event. The Parties agree that any and all proceeds received by Seller in payment of such insurance claim: (1) shall be retained
solely by Seller and (2) shall have no impact of any kind on the Purchase Price, as the same may be paid and adjusted pursuant
to Articles 7 and 8.

 

(c)Reimbursement Payment.
Pursuant and expressly subject to Articles 7 and 8, Buyer agrees to make payment to Seller in the amounts of: (i)
eight hundred ninety thousand seven hundred eighty-one dollars ($890,781.00”), in reimbursement for one-half (50.0%) of Seller’s
proportionate costs incurred and paid prior to the Effective Time associated with the Sail and Anchor 4-13-14HBK Well (API No.
33-105-02975-00-00), with a surface location in the SW/4SE/4, Section 13, Township 154 North, Range 99 West, 5th P.M.
(“Sail and Anchor Well”) and (ii) three hundred ninety-one thousand two hundred fifty dollars ($391,250.00),
in reimbursement for one-half (50.0%) of Seller’s proportionate share of costs incurred and paid prior to the Effective Time
associated with: (1) the Duckstein 1-13-14HTF Well (API No. 33-105-02973-00-00), with a surface location in the SW/4SE/4, Section
13, Township 154 North, Range 99 West, 5th P.M. (“Duckstein Well”) and (2) the Blackdog 3-13-14HTF
Well (API No. 33-105-02976-00-00), with a surface location in the SW/4SE/4, Section 13, Township 154, Range 99 West, 5th
P.M. (“Blackdog Well”).

 

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ARTICLE
3

BUYER’S INSPECTION OF ASSETS

 

3.1Access
to Records. Prior to Closing and through the Final Settlement Date, Seller has made and will make the Records available to
Buyer and its agents, employees and representatives at Seller’s Denver, Colorado offices during Seller’s normal business
hours, for the purpose of permitting Buyer to perform its due diligence review of the Assets. 

 

3.2No
Representation or Warranty as to Records. Except as set forth in this Agreement, Seller makes no representation or warranty
as to the accuracy or completeness of the Records. Buyer agrees that any conclusions drawn from such Records shall be the result
of Buyer’s own independent review and judgment.

 

3.3Inspection
of Assets. Prior to Closing, Buyer has, at its sole discretion, expense and risk, visited and physically inspected and tested
the Assets, including without limitation, inspection and testing for the purpose of detecting the presence of violation of any
Environmental Law. For purposes of this Agreement, the term “Environmental Law” shall mean shall mean any and
all federal, state and local statutes, regulations, rules, orders, ordinances or permits of any governmental authority pertaining
to health, the environment, wildlife and natural resources in effect in any and all jurisdictions in which the Assets are located,
including, without limitation: (a) the Federal Clean Air Act, as amended; (b) the Federal Water Pollution Control Act, as amended;
(c) the Federal Oil Pollution Act (“OPA90”), as amended; (d) the Federal Rivers and Harbors Act, as amended; (e) the
Federal Safe Drinking Water Act, as amended; (f) the Federal Comprehensive Environmental Response, Compensation and Liability Act
(“CERCLA”), as amended; (g) the Federal Superfund Amendments and Reauthorization Act (“SARA”), as amended;
(h) the Federal Resource Conservation and Recovery Act (“RCRA”), as amended, (i) the Hazardous and Solid Waste Amendments
Act, as amended; (j) the Toxic Substances Control Act, as amended; (k) the Federal Occupational Safety and Health Act (“OSHA”),
as amended; and (l) the Federal Hazardous Materials Transportation Act, as amended.

 

    	- 5 -

    	 

    

 

ARTICLE
4

SELLER’S REPRESENTATIONS AND WARRANTIES

 

4.1Representations
and Warranties of Seller. As a material part of the consideration for this Agreement, Seller makes the following representations
and warranties to Buyer as of the date of execution of this Agreement by all Parties through Closing:

 

(a)Organization,
Standing and Qualification. Seller is a corporation duly authorized, validly existing and in good standing under the
laws of the State of Colorado. Seller has all requisite corporate power and authority to own, lease and/or operate the Assets.
Seller is qualified and in good standing to do business in the State of North Dakota.

 

(b)Authority.
Seller has all requisite power and authority to carry on its business as presently conducted. The execution, delivery and performance
by Seller of this Agreement has been duly and validly approved by all necessary corporate action, no other actions or proceeding
on the part of Seller or its shareholders are necessary to authorize this Agreement and the transactions contemplated hereby and
thereby, and the fulfillment of and compliance with the terms and conditions hereof shall not violate, or be in conflict with,
any material provision of Seller’s governing documents, or any material provision of any agreement or instrument to which
Seller is a party or by which it is bound, or any judgment, decree, order, statute, rule or regulation applicable to Seller. No
consent, waiver, approval or authorization of, or filing, registration or qualification with, or notice to, any governmental authority
or any other entity or person is required to be made, obtained, or given by Seller in connection with the execution, delivery and
performance of this Agreement.

 

(c)Authorization
and Enforceability. This Agreement constitutes Seller’s legal, valid and binding obligation, enforceable in accordance
with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and other laws for the protection
of creditors, as well as to general principles of equity, regardless of whether such enforceability is considered in a proceeding
in equity or at law.

 

(d)No
Liens. The Assets shall be conveyed to Buyer at Closing free and clear of all liens and encumbrances thereon. Buyer
acknowledges that the interests in the Assets of third party owners may or may not be subject to liens, encumbrances and/or judgments.

 

(e)Liability
for Brokers’ Fees. Seller has not incurred any liability, contingent or otherwise, for brokers’ or finders’
fees relating to the transactions contemplated by this Agreement for which Buyer shall have any responsibility whatsoever.

 

(f)No
Bankruptcy. To Seller’s knowledge, there are no bankruptcy proceedings pending, being contemplated by or, threatened
against Seller.

 

(g)Litigation.
There are no actions or suits pending against Seller with respect to the Assets and, to Seller’s knowledge, there is no
proceeding, claim or investigation pending or threatened with respect to the Assets.

 

    	- 6 -

    	 

    

 

(h)Lease
Status/Rentals. Seller has not received a written notice of any request or demand for payments, adjustments of payments
or performance pursuant to obligations under or associated with the Assets that is still outstanding. Seller has not received a
written notice of default with respect to the payment or calculation of rentals that has not been cured under or associated with
the Assets.

 

(i)Accuracy
of the Records. Seller makes no representations regarding the accuracy or completeness of any of the Records; provided however,
Seller does represent that: (a) all of the Records are files, or copies thereof, that Seller has used in the ordinary course
of operating and owning the Assets; (b) Seller has made, or prior to Closing and through the Final Settlement Date shall make,
all Records in its possession available to Buyer; (c) Seller has not intentionally withheld any of the Records from Buyer;
and (d) Seller does not have knowledge of any material errors, omissions, or inaccuracies in the Records.

 

(j)Compliance
with Laws. To Seller’s knowledge, Seller has not received written notice from any
governmental agency that Seller’s ownership or operation of the Assets is in violation of any applicable federal,
state and local laws, including any Environmental Law, in any material respect.

 

(k)Material
Contracts. To Seller’s knowledge, all Material Contracts affecting or pertaining to the Assets (regardless of whether
such contracts have been physically provided to Buyer or not) are listed on Exhibit C, including the title of, effective
date of, and the parties to such Material Contracts. To Seller’s knowledge, the Material Contracts are in full force and
effect, and Seller has not received written notice of Seller’s default under any of the Material Contracts. For purposes
of this Agreement, the term “Material Contracts” shall mean: (a) all area of mutual interests agreements, partnership,
joint venture, farmout, letter agreements, purchase and sale agreements, acquisition agreements, and/or exploration or development
program agreements or operating agreements relating to the Assets; (b) all of the production sales, marketing and processing agreements
relating to the Assets which are not terminable by Seller without penalty on thirty (30) or fewer days’ notice; (c) all drilling
agreements and material agreements with subcontractors of Seller; and (d) any other agreements affecting or relating to the rights
to explore or develop the Leases, Lands and Wells. To Seller’s knowledge, Exhibit C lists all Material Contracts affecting
or pertaining to the Assets under which Seller may have obligations or liabilities, including as a third-party beneficiary.

 

(l) Lease Provisions. Save
and except for Lease Nos. 451000-0005-01 through 451000-0005-06 as identified on Exhibit A, all rentals, bonuses, royalties,
overriding royalty interests and other substantially similar payments due under or associated with the Leases, Lands and Wells
have been promptly, timely, fully and properly paid and tendered to the proper person or entity (whether private or governmental)
which is entitled to receive same.

 

(m)No Drilling
Obligations. Seller has no obligation to drill any well or wells or conduct other material development operations with respect
to the Leases, Lands and Wells arising under either third party contractual agreements or under the terms and provisions of any
of the Leases or Material Contracts, in order to earn or continue to hold the Leases during their respective primary terms, unless
otherwise provided herein.

    	- 7 -

    	 

    

 

(n)Consent
to Assign or Transfer and Preferential Rights to Purchase. No third party consents or approvals or preferential rights to purchase
or rights of first refusal (or other similar provisions) are required to transfer the Assets to Buyer.

 

(o)Maintenance
Costs. Prior to Closing, Seller has made payment of any and all delay rentals, extension payments, shut-in payments or similar
payments necessary to maintain the Assets.

 

(p)Received
Sail and Anchor Prebills. As of Closing, Seller has in its possession the amount of four hundred fifty-nine thousand eight
hundred eight dollars and thirty-seven cents ($459,808.37), representing all advance payments remitted to Seller by the owners
of non-operated working interests in the Sail and Anchor Well (“Received Sail and Anchor Prebill Amount”). Except
for the Sail and Anchor Prebill Amount, as of Closing: (i) Seller is not in possession of any amounts paid to Seller by the owners
of non-operated working interests in the Leases, Lands and Wells (excluding the SWD and Billabong Wells) pursuant to any cash calls
made by Seller in its pre-Closing role as operator of the Leases, Lands and Wells (excluding the SWD and Billabong Wells) and (ii)
Seller, in its pre-Closing role as operator of the Leases, Lands and Wells (excluding the SWD and Billabong Wells), has made no
cash calls to the owners of non-operated working interests in the Duckstein Well; the Blackdog Well; the
Tooheys 4-15-14HBK Well (API No. 33-105-03131-00-00), with a surface location in the SE/4SW/4, Section 10, Township 154 North,
Range 99 West, 5th P.M. (“Tooheys Well”); and (ii) the Coopers 2-15-14HBK Well (API No. 33-105-03130-00-00),
with a surface location in the SE/4SW/4, Section 10, Township 154 North, Range 99 West, 5th P.M. (“Coopers
Well”).

 

ARTICLE
5

BUYER’S REPRESENTATIONS AND WARRANTIES

 

5.1Buyer’s
Representations and Warranties. Buyer makes the following representations and warranties as of the date of execution of this
Agreement by all Parties through Closing:

 

(a)Organization
and Standing. Buyer is a Kansas corporation duly organized, validly existing and in good standing under the laws of
the State of Kansas, and is duly qualified to carry on business and to own the Assets in the State of North Dakota.

 

(b)Authority.
Buyer has all requisite power and authority to carry on its business as presently conducted. The execution and delivery of this
Agreement does not, and the fulfillment of and compliance with the terms and conditions hereof shall not violate or be in conflict
with, any material provision of Buyer’s governing documents, or any material provision of any agreement or instrument to
which Buyer is a party or by which it is bound, or any judgment, decree, order, statute, rule or regulation applicable to Buyer.

 

(c)Authorization
and Enforceability. This Agreement constitutes Buyer’s legal, valid and binding obligation, enforceable in accordance
with its terms, subject however to the effects of bankruptcy, insolvency, reorganization, moratorium and other laws for the protection
of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding
in equity or at law.

 

    	- 8 -

    	 

    

 

 

(d)Liability
for Brokers’ Fees. Buyer has not incurred any liability, contingent or otherwise, for brokers’ or finders’
fees relating to the transactions contemplated by this Agreement for which Seller shall have any responsibility.

 

(e)Financial
Resources. Buyer has the financial resources on hand and immediately available to close the transaction and fulfill
the obligations contemplated by this Agreement.

 

(f)Buyer’s
Evaluation. Buyer is an experienced and knowledgeable investor in the oil and gas
business. Buyer has been advised by and has relied solely upon its own expertise in legal, tax and other professional counsel concerning
the transaction contemplated by this Agreement, the Assets and the value thereof.

 

(g)Qualified
to Hold Assets. Buyer is eligible under all applicable laws and regulations to own the Assets.

 

ARTICLE
6

COVENANTS AND AGREEMENTS

 

6.1Covenants
and Agreements of Seller. Seller covenants and agrees with Buyer that through Closing, Seller shall
not, without the express written consent of Buyer: (a) commit to drill any wells on any lands associated with the Assets
or conduct any oil and gas exploration, development or production operations in connection with the Leases, Lands and Wells, or
in connection with any lands pooled or unitized therewith; (b) abandon any part of the Assets (except the abandonment of Leases
upon the expiration of their respective primary terms); (c) sell, transfer, assign, convey or otherwise dispose of any of the Assets,
or any interest therein, to any third party; (d) enter into any farmout agreement, farmin agreement or other similar agreement
or any other contract (whether oral or in writing) or any other agreement (including but not limited to, the granting of any permits
for conducting geophysical exploration or other seismic or microseismic activities) affecting the Assets; (e) modify, release or
terminate any of the Leases or Material Contracts; or (f) create any lien, security interest or encumbrance on the Assets, the
oil or gas attributable to the Assets, or the proceeds thereof.

 

ARTICLE
7

CLOSING

 

7.1Closing.
The closing of the transaction contemplated hereby shall occur simultaneously with the execution of this Agreement by all Parties,
and shall be held on or before August 15, 2013 in Buyer’s office in the manner set forth below, or such other date or location
as the Parties may agree upon in writing (“Closing”).

 

    	- 9 -

    	 

    

 

 

7.2Closing
Obligations. At Closing, the following events shall occur, each being a condition precedent to the others and each being
deemed to have occurred simultaneously with the others:

 

(a)Payment of Purchase Price.
The Parties acknowledge that the Purchase Price is subject to adjustment to account for: (i) the Received Sail and Anchor Prebill
Amount and (ii) the amount of four million two hundred seventy thousand eighty-eight dollars and sixty cents ($4,270,088.60), the
latter identified by Seller in its pre-Closing role as operator of the Wells (excluding the SWD Well) as the amount due to unpaid
third party vendors and service contractors regarding the Wells (excluding the SWD Well) as of the Effective Time (“Unpaid
Vendor Amount”). At Closing: (i) Buyer shall make payment of the Unpaid Vendor Amount to Agent as described in the Escrow
Agreement attached hereto as Exhibit E and (ii) Seller shall make payment to Buyer, via wire transfer of immediately available
funds, in the amount of fifty-seven thousand eight hundred sixty-five dollars and ninety-seven cents ($57,865.97), such amount
representing the difference between the Purchase Price ($4,672,031.00) and the Unpaid Vendor Amount ($4,270,088.60) (such amount
being four hundred one thousand nine hundred forty-two dollars and thirty-seven cents ($401,942.40)), less the Received Sail and
Anchor Prebill Amount ($459,807.37).

 

(b)Assignment
and Conveyance. Seller shall execute, acknowledge and deliver to Buyer an assignment and conveyance of the Assets, in a form
substantially similar to that attached hereto as Exhibit F, containing a “by, through, and under” warranty
from Seller and excluding the wellbore of the Billabong Well, along with any other regulatory form assignments that may be applicable
to accomplish the transfer of the Assets.

 

(c)Settlement
Statement. Seller and Buyer shall execute a mutually-approved settlement statement, containing a post-Closing Schedule in a
form substantially similar to that attached hereto as Exhibit G. 

 

 

(d)Non-Foreign
Status. Seller shall provide an affidavit of non-foreign status under Section 1445 of the Internal Revenue Code.

 

(e)Possession.
Seller shall deliver to Buyer possession of the Assets, excluding the wellbore of the Billabong Well.

 

 

(f)Release of
Mortgages, Deeds of Trust, Liens, Encumbrances and Financing Statements. Seller shall deliver to Buyer duly executed releases
of any mortgages, deeds of trust, liens, encumbrances and financing statements, if any, encumbering Seller’s interest in
the Assets.

 

(g)Additional
Documents. Seller and Buyer shall take such other actions and deliver such other documents as are contemplated by this Agreement.

 

 

    	- 10 -

    	 

    

 

ARTICLE
8

POST-CLOSING OBLIGATIONS

 

8.1Records.
Seller shall make full and complete copies of the Records associated with the Assets available for pick-up by Buyer within five
(5) days after Closing. Buyer agrees that the Records shall be maintained in compliance with all applicable laws governing document
retention.

 

8.2Transfer
Taxes, Recording Fees, and Proration of Other Taxes. Buyer shall pay all sales, transfer,
use or similar taxes occasioned by the sale or transfer of the Assets and Buyer shall pay all documentary, transfer, filing, licensing,
and recording fees required in connection with the processing, filing, licensing or recording of any assignments hereunder. All
ad valorem taxes, real property taxes, personal property taxes, and similar obligations concerning the Assets with respect to the
tax period in which the Effective Time occurs shall be prorated between the Parties at Closing as of the Effective Time.

 

8.3Post-Closing Treatment of
Remaining Sail and Anchor Prebill Amount. Seller has identified, as of Closing, one million eight hundred seventy-one thousand
one hundred six dollars and ninety-five cents ($1,871,106.95) as the outstanding amount owed to Seller
by the owners of non-operated working interests in the Sail and Anchor Well pursuant to cash calls made by Seller in its
pre-Closing role as operator of the Sail and Anchor Well (“Remaining Sail and Anchor Prebill Amount”). Seller
shall provide Buyer with immediate written notice of its receipt of any portion of the Remaining Sail and Anchor Prebill Amount
between Closing and the Final Settlement Date (“Prebill Notice”), and shall make direct payment of all such
received portions of the Remaining Sail and Anchor Prebill Amount, in immediately available funds, within five (5) days of Buyer’s
receipt of any such Prebill Notice. At Closing, Seller agrees to provide notice to all owners of non-operated working interests
in the Sail and Anchor Well to whom Seller, in its pre-Closing role as operator of the Sail and Anchor Well, has made cash calls
but which have not been paid as of the effective Time, directing such owners of non-operated working interests to forward all portions
of the Remaining Sail and Anchor Prebill Amount directly to Buyer.

 

8.4Post-Closing Distribution
of Unpaid Vendor Amount. The Parties stipulate and agree that the distribution of the Unpaid Vendor Amount held in escrow by
Agent pursuant to the Escrow Agreement attached hereto as Exhibit E shall occur solely and exclusively pursuant to such
Escrow Agreement.

 

8.5Billabong Well. Notwithstanding
anything herein to the contrary, if as of October 1, 2013: (a) Seller is able to deliver the Billabong Well to Buyer in a condition
that reasonably allows completion of the same without undue cost and expense, as determined in Buyer’s sole discretion and
(b) Seller provides Buyer with evidence of: (i) copies of all of Seller’s invoices, and all third party invoices in Seller’s
possession, relating to or associated with the Billabong Well and (ii) evidence of Seller’s payment of the all costs associated
with the Billabong Well incurred and paid by Seller prior to the Effective Time, including front and back copies of all of Seller’s
cancelled payment checks, bank verification of payment, and/or vendor verification of payment, as the case may be, Buyer agrees
to remit to Seller the maximum/capped amount of eight hundred ninety thousand seven hundred eighty-one dollars ($890,781.00), in
immediately available funds via wire transfer, and Seller agrees to execute an assignment of the wellbore of the Billabong Well
in favor of Buyer, in a form substantially similar to that attached hereto as Exhibit F. In such case, the provisions
of Articles 1.4-1.5, 8.6 and 9.1 shall apply without limitation to the Billabong Well.

 

    	- 11 -

    	 

    

 

8.6Tofte
2 Pad Costs. Seller is in the process of building the Tofte 2 well pad in Section 15, Township 154 North, Range 99 West, 5th
P.M. (“Tofte 2 Pad”), to be used by Buyer to drill additional wells in the drilling unit comprised of Sections
14 and 15, Township 154 North, Range 99 West, 5th P.M. (“Spacing Unit”). On or before the Final Settlement
Date, Seller shall forward all invoices pertaining to the construction of the Tofte 2 Pad to Buyer, and Buyer agrees to bill such
costs, in Buyer’s post-Closing role as operator of the Leases, Lands and Wells (excluding the SWD and Billabong Wells), to
all the working interest owners in the Spacing Unit.

 

8.7Further
Assurances. From time to time after Closing, Seller and Buyer shall each execute, acknowledge and deliver to the other
such further instruments and take such other action as may be reasonably requested in order to accomplish more effectively the
purposes of the transactions contemplated by this Agreement, including assurances that Seller and Buyer are financially capable
of performing any indemnification required hereunder.

 

8.8Post-Closing Settlement,
Unpaid Vendor Amount Adjustment and Allocation of Costs and Taxes. Seller shall issue a final settlement statement (“Final
Settlement Statement”) no less than thirty (30) days before and no more than thirty-five (35) days before expiration
of the Escrow Agreement attached hereto as Exhibit F (“Final Settlement Date”), containing an updated
post-Closing Schedule in a form substantially similar to that attached hereto as Exhibit G, including
but not limited to any and all adjustments to the Unpaid Vendor Amount required pursuant to this Article 8. Seller
shall provide evidence of payment of any costs and taxes (including, but not limited to, ad valorem, production, severance, excise
or other similar taxes) attributable to the Assets prior to the Effective Time.

 

Buyer shall respond
to Seller’s initial Final Settlement Statement with objections, proposed corrections and the reasonable support therefor
within fifteen (15) days of the issuance of the Final Settlement Statement (“Final Settlement Period”). If Buyer
does not respond with objections and the reasonable support therefor to the Final Settlement Statement in writing within the Final
Settlement Period, such Final Settlement Statement shall be deemed approved by Buyer. In the event that Buyer does respond, object
and provide reasonable support for the same within the Final Settlement Period, the Parties shall meet within five (5) days following
the receipt of Buyer’s response, objections and reasonable support and attempt to resolve the disputed items. If the Parties
are unable to resolve the disputed items by the end of said five (5) day period, the dispute shall be resolved by the methods set
forth in Article 11. After approval by both Parties (or after final resolution of the same pursuant to Article 11),
the net adjustment due pursuant to the Final Settlement Statement for the Assets shall be summarized and provided to Agent as defined
in the Escrow Agreement attached hereto as Exhibit E, and a net distribution shall be made, to Buyer or Seller as the case
may be, by Agent pursuant to the terms of the Escrow Agreement attached hereto as Exhibit E.

 

    	- 12 -

    	 

    

 

ARTICLE
9

ASSUMPTION AND RETENTION OF OBLIGATIONS AND

INDEMNIFICATION; DISCLAIMERS

 

9.1Pre-Effective
Time Liabilities and Obligations. Provided that Closing occurs and provided that Buyer gives written notice to Seller in accordance
with Article 9.6 below, Seller shall retain and pay, perform, fulfill and discharge all claims, costs, expenses, liabilities
and obligations relating to Seller’s ownership or operation of the Assets (specifically including under any Environmental
Law) which are attributable to periods prior to the Effective Time (“Retained Liabilities”).
The Retained Liabilities shall expressly include all claims, costs, expenses, liabilities and obligations relating to Seller’s
ownership and/or operation of the Billabong Well, until such time as Buyer assumes operatorship of the same pursuant to Article
8.5.

 

9.2Post-Effective
Time Liabilities and Obligations. Upon Closing, Buyer and Seller shall each be responsible and liable for their respective
interests in the Assets pursuant to the provisions of Articles 9 and 10.

 

9.3Indemnification.

 

(a)Losses.
“Losses” shall mean any actual losses, costs, expenses (including court costs, reasonable fees and expenses
of attorneys, technical experts and expert witnesses and the cost of investigation), liabilities, damages, demands, suits, claims,
and sanctions of every kind and character (including civil fines) arising from, related to or reasonably incident to matters indemnified
against; excluding, however, any special, consequential, punitive or exemplary damages, diminution of value of an Asset, loss of
profits incurred by a Party hereto or Loss incurred as a result of the indemnified party indemnifying a third party, except to
the extent the indemnified party suffers such damages to a third party (other than as a result of the indemnified party’s
indemnification of such third party).

 

(b)Seller’s
Indemnification of Buyer. If the Closing occurs, Seller shall defend, indemnify, and save and hold harmless Buyer, and its
parents, subsidiaries, officers, directors, employees, agents and affiliates, and/or their respective successors and/or assigns,
from and against all Losses which arise directly or indirectly from or in connection with: (a) the Retained Liabilities; (b) any
breach by Seller of this Agreement or any of Seller’s representations or warranties herein; and (c) any costs associated
with the Assets attributable to interests therein of owners of non-operated working interests in the Leases, Lands and Wells which,
as of the Effective Time: (i) are represented by invoices or authorizations for expenditures issued by Seller prior to the Effective
Time which have not been paid by such owners of non-operated working interests in the Leases, Lands and Wells and/or (ii) have
not been submitted to such owners of non-operated working interests in the Leases, Lands and Wells for payment by Seller prior
to the Effective Time.

 

(c)Buyer’s
Indemnification of Seller. If the Closing occurs, Buyer shall defend, indemnify, and save and hold harmless Seller, its officers,
directors, employees and agents, from and against all Losses which arise directly or indirectly from or in connection with any
breach by Buyer of this Agreement or any of Buyer’s representations or warranties herein.

 

    	- 13 -

    	 

    

 

9.4No
Insurance; Subrogation. The indemnifications provided in this Article 9 shall not be construed as a form
of insurance. Buyer and Seller hereby waive for themselves, their successors or assigns, including, without limitation, any insurers,
any rights to subrogation for Losses for which each of them is respectively liable or against which each respectively indemnifies
the other, and, if required by applicable policies, Buyer and Seller shall obtain waiver of such subrogation from its respective
insurers.

 

9.5Reservation
as to Non-Parties. Nothing herein is intended to limit or otherwise waive any recourse Buyer or Seller may have against
any non-party for any obligations or liabilities that may be incurred with respect to the Assets.

 

9.6Notice of Claim, Assumption
or Defense and Settlement of Claim. Promptly upon the discovery thereof, Seller or Buyer, as may be the case, shall give written
notice to the other of any claim with respect to which the Party giving notice asserts it is entitled to indemnity or payment pursuant
to this Article 9. For purposes of this Agreement, the Party giving notice of a claim shall be referred to as the “Indemnified
Party,” and the Party receiving notice of a claim shall be referred to as the “Indemnifying Party.”
In the event that the Indemnified Party gives notice of a claim to the Indemnifying Party, such notice shall set forth the facts
known to the Indemnified Party pertaining to the claim and shall specify the manner in which the Indemnified Party proposes to
respond to the claimant. Within ten (10) days of receipt of such notice, the Indemnifying Party shall state in writing whether
the Indemnifying Party shall assume responsibility for and conduct the negotiation, defense or settlement of the claim, and if
so, the specific manner in which the Indemnifying Party proposes to proceed. In the event that the Indemnifying Party assumes control
of the claim, the Indemnified Party shall at all times have the right to participate, at its sole cost and expense, in any resolution
thereof. As a condition precedent to indemnification under this Article 9, up to the amount of indemnification, the Indemnified
Party shall assign such claim to the Indemnifying Party, and the Indemnifying Party shall become subrogated to all rights, claims
and causes of action of the Indemnified Party against third persons arising out of or pertaining to the matters for which the Indemnifying
Party provided indemnification. The indemnification obligations of the Parties shall terminate as of the termination date of each
respective representation, warranty, covenant or agreement that is subject to indemnification as set forth in this Article 9.
Seller’s and Buyer’s indemnifications contained in this Agreement shall survive for a period of five (5) years after
Closing.

 

ARTICLE
10

MISCELLANEOUS

 

10.1Assignments.
This Agreement shall be binding upon and shall inure to the benefit of the Parties and, except as otherwise prohibited, their respective
successors and assigns. Nothing contained in this Agreement, or implied herein, is intended to confer upon any other person or
entity any benefits, rights or remedies under this Agreement. Unless provided for otherwise under the terms hereunder, this Agreement,
the Assets, and the interests, obligations and rights acquired by the Parties hereunder may be freely assigned by the Parties,
in whole or in part, without the express written consent of the other Parties; provided however, that any assignment of any rights
under this Agreement shall contain a provision indicating that the assignment is expressly made subject to this Agreement and the
assignee shall agree to be bound by the terms and conditions hereof.

 

    	- 14 -

    	 

    

 

 

10.2Exhibits
and Schedules. The Exhibits and Schedules to this Agreement are hereby incorporated by reference and constitute a part
of this Agreement.

 

10.3Expenses.
Except as otherwise specifically provided herein, all fees, costs and expenses incurred by Buyer and/or Seller in negotiating this
Agreement or in consummating the transactions contemplated by this Agreement shall be paid by the Party incurring such fees, costs
or expenses, including, without limitation, engineering, land, title, legal and accounting fees, costs and expenses.

 

10.4Notices.
All notices and communications required or permitted under this Agreement shall be in writing and addressed as set forth below.
Any communication or delivery hereunder shall be deemed to have been duly made and the receiving Party charged with notice: (a) if
personally delivered, when received; (b) if sent by facsimile transmission, when received; (c) if mailed, five (5)
business days after mailing, certified mail, return receipt requested; or (d) if sent by overnight courier, one (1) day after
sending. All notices shall be addressed as follows:

 

If to Seller:

Samson Oil and Gas USA, Inc.

1331
17th Street

Suite
710

Denver,
CO 80202-1557

Attn:Terry
Barr

Telephone:
(303) 296-3994

Facsimile:
(303) 295-1961

 

If
to Buyer:

 

Slawson
Exploration Company, Inc.

1675
Broadway

Suite
1600

Denver,
CO 80202-4675

Attn:
R. Todd Slawson

Telephone: (303) 592-8880 x. 230

Facsimile: (303) 592-8881

 

Any Party may, by written
notice so delivered to the other Parties, change the address or individual to which delivery shall thereafter be made.

 

 

10.7Amendments.
Except for waivers specifically provided for in this Agreement, this Agreement may be altered or amended only by a written agreement
executed by both Parties.

 

 

    	- 15 -

    	 

    

 

10.8Headings.
The headings of this Agreement are for guidance and convenience of reference only, and shall not limit, enlarge or otherwise affect
any of the terms or provisions of this Agreement.

 

10.9Construction. The Parties
acknowledge that this Agreement is the result of negotiations between them and that the provisions of this Agreement shall be construed
and enforced in accordance with their fair meaning, and shall not be strictly construed for or against any Party.

 

10.10Relationship
of the Parties. The duties, obligations, and liabilities of the Parties are intended to be several and not joint or collective.
This Agreement is not intended to create, and shall not be construed to create, an association, trust, mining partnership or joint
venture, or to impose any partnership duty, obligation, or liability with regard to any one or more of the Parties. Each Party
shall be individually responsible only for its own obligations as herein provided.

 

10.11Real Property
Covenant. All of the provisions of this Agreement shall be deemed covenants running with the Assets which are now or hereafter
become subject to this Agreement.

 

10.14Authority
to Enter Into Agreement. Each Party covenants to the other Party that it has the legal authority to enter into and perform
this Agreement and each obligation assumed by such Party under this Agreement.

 

10.15Counterparts/Fax
Signatures. This Agreement may be executed by Buyer and Seller in any number of counterparts, each of which shall be
deemed an original instrument, but all of which together shall constitute but one and the same instrument. Fax or .pdf signatures
shall be considered binding.

 

10.16References.
References made in this Agreement, including use of a pronoun, shall be deemed to include where applicable, masculine, feminine,
singular or plural, individuals or entities. As used in this Agreement, “person” shall mean any natural person, corporation,
partnership, trust, limited liability company, court, agency, government, board, commission, estate or other entity or authority.

 

10.17Governing
Law; Dispute Resolution; Dispute Jurisdiction. This Agreement and the transactions contemplated hereby and any dispute
resolution conducted pursuant hereto shall be construed in accordance with, and governed by, the laws of the State of North Dakota,
without regard to its conflicts of laws rules. In the event of a dispute between the Parties concerning the performance of this
Agreement, the Parties hereby agree to first submit such dispute to the non-binding decision of a mutually-agreeable third party
mediator, and to participate in such mediation in good faith (“Mediation”). In the event Mediation fails to
resolve the dispute between the Parties, each Party may thereafter exercise any and all rights it may have in seeking the resolution
of such dispute and the relief from any and all damages incurred by reason of such dispute. In such case, the Parties agree that
the state and federal courts of the State of Colorado shall be the sole and exclusive jurisdiction in which such rights may be
exercised.

 

    	- 16 -

    	 

    

 

10.18Entire
Agreement. This Agreement constitutes the entire understanding among the Parties, their respective partners, members,
trustees, shareholders, officers, directors and employees with respect to the subject matter hereof, superseding all negotiations,
prior discussions and prior agreements and understandings relating to such subject matter.

 

10.19Binding
Effect. This Agreement shall be binding upon, and shall inure to the benefit of, the Parties hereto, and their respective
successors and assigns.

 

10.20Survival.
The representations, warranties and covenants contained in this Agreement shall survive Closing for
a period of five (5) years, unless otherwise provided herein. 

 

10.21No
Third-Party Beneficiaries. This Agreement is intended only to benefit the Parties hereto and their respective permitted
successors and assigns.

 

10.22 Waiver.
The waiver or failure of any Party to enforce any provision of this Agreement shall not be construed or operate as a waiver of
any further breach of such provision or of any other provision of this Agreement.

 

10.23Limitation
on Damages. The Parties hereto expressly waive any and all rights to consequential, special, incidental, punitive or exemplary
damages, or loss of profits, in any dispute resulting, relating or arising, directly or indirectly, from any breach or threatened
breach of this Agreement or the transactions contemplated hereby.

 

10.24Severability.
It is the intent of the Parties that the provisions contained in this Agreement shall be severable. Should any provisions, in whole
or in part, be held invalid as a matter of law, such holding shall not affect the other portions of this Agreement, and such portions
that are not invalid shall be given effect without the invalid portion.

 

10.25Announcements. Except
as and to the extent required by law, neither Buyer nor Seller will make, directly or indirectly, any public comment, statement,
or communication with respect to, or otherwise disclose or permit the disclosure of the existence of discussions regarding, a transaction
between the Parties or any of the terms, conditions, or other aspects of this Agreement or the transaction contemplated thereby,
without the prior written consent of the other.

 

THIS PORTION INTENTIONALLY LEFT BLANK

 

SIGNATURE PAGES TO FOLLOW

 

    	- 17 -

    	 

    

 

 

COUNTERPART EXECUTION

 

Attached to and made a part of that certain
Purchase and Sale Agreement between Slawson Exploration Company, Inc., as Buyer, and Samson Oil and Gas USA Inc., as Seller

 

 

	 	BUYER:
	 	SLAWSON EXPLORATION COMPANY, INC. 
	 	
	 	
	 	/s/ R. Todd Slawson                                                    
	 	R. Todd Slawson
	 	President
	 	 
	 	 

  

	STATE OF COLORADO	)
	 	) ss
	CITY AND COUNTY OF DENVER	)

 

The foregoing instrument
was acknowledged, signed and subscribed before me this 15th day of August 2013, by R. Todd Slawson, President Slawson
Exploration Company, Inc., who represented that he was duly authorized to execute the foregoing instrument for the uses and purposes
set forth herein.

 

__________________________________

Print Name:_________________________

Notary Public

State of Colorado

My Commission Expires:_______________

 

 

    	 

    	 

    

 

COUNTERPART EXECUTION

 

Attached to and made a part of that certain
Purchase and Sale Agreement between Slawson Exploration Company, Inc., as Buyer, and Samson Oil and Gas USA Inc., as Seller

 

 

	 	SELLER:
	 	SAMSON OIL AND GAS USA INC.
	 	
	 	
	 	/s/ Terence Barr                                                    
	 	Terence Barr
	 	President and Chief Executive Officer
	 	 
	 	 

 

	STATE OF COLORADO	)
	 	) ss
	CITY AND COUNTY OF DENVER	)

 

 

The foregoing instrument
was acknowledged, signed and subscribed before me this ____ day of August 2013, by Terence Barr, President and Chief Executive
Officer, Samson Oil and Gas USA Inc., who represented that he was duly authorized to execute the foregoing instrument for the uses
and purposes set forth herein.

 

__________________________________

Print Name:_________________________

Notary Public

State of Colorado

My Commission Expires:_______________

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