Document:

Exhibit 10.58

 

Exclusive Business Support Agreement

 

This Exclusive Business Support Agreement (hereinafter “this Agreement”) is signed by and between the following parties on June 18th, 2012 in the PRC:

 

Party A:

 

Guangzhou Yitongtianxia Software Development Co., Ltd.

 

Address: No. 1- 6, Room 1501, No. 233, Tian Fu Road, Tianhe District, Guangzhou

 

Party B: VODone Datamedia Technology Co., Ltd.

 

Address:

 

Party A and Party B are hereinafter individually referred to as a “Party” and collectively the “Parties”.

 

Whereas,

 

(1)                                 Party A is a limited liability company incorporated in the People’s Republic of China (hereinafter “PRC”), and has experience and expertise in software development, communication technology development, network technical support and technology consultancy;

 

(2)                                 Party B is a limited liability company incorporated in the People’s Republic of China (hereinafter “PRC”), with its business focusing on providing technological support and commercial consulting services for its clients, including VODone Telemedia Co. Ltd. (hereinafter “Party B’s Client”) to whom it provides technical support and relevant services in connection with the internet map service business and mobile game operation business, especially the technical support and services for the development of mobile game products based on mobile positioning services (“Mobile Positioning Games”) and other relevant technical support and services (hereinafter “Party B’s Business”).

 

(3)                                 Party A agrees to take advantage of its human resources, technology and information to provide Party B with exclusive business support during the term of this Agreement so as to ensure the operation of Party B’s Business; and Party B agrees to accept the information, products and services provided by Party A or its designated party pursuant to the terms of this Agreement.

 

Now, therefore, after friendly consultation, the Parties reach an agreement as follows:

 

1.                                      Service Provision

 

1.1.                            Pursuant to the terms and conditions of this Agreement, Party B hereby appoints Party A as its exclusive service provider during the term of this Agreement to directly, or through its designated or entrusted third party, to provide business support for Party B in connection with Party B’s Business, which includes the requirement that Party A shall take advantage of its own technical and professional experience as required by Party B to (a) develop Mobile Positioning Games for Party B, (b) license Party B

 

 

and/or Party B’s Client to use the software for Mobile Positioning Games developed by Party A and provide relevant technical materials for Party B, (c) update, amend and adjust the software for Mobile Positioning Games, (d) provide Party B with technical consultancy and support for any hardware (including any interface, system, network infrastructure, etc.) and the maintenance and improvement thereof required by the operation of Mobile Positioning Games, (e) provide Party B with other necessary technical support and services to assist Party B in constantly improving Mobile Positioning Games and providing Party B’s Client with satisfactory products and the relevant technical support and services (hereinafter “Business Support Services”). Party A hereby accepts the forgoing appointment by Party B.

 

1.2.                            Party B accepts the business support provided by Party A as described in Article 1.1. Party B further agrees that, during the term of this Agreement, Party B shall not accept any service and/or support from any third party which is identical with or similar to that of Party A, nor shall it establish any cooperation relationship with any third party which is identical with or similar to that with Party A in connection with the agreed matters herein, unless it has obtained prior written consent from Party A.

 

Party A and Party B agree that, during the term of this Agreement, Party A shall provide Party B with Business Support Services necessary for the development of Party’s Business, including directly providing Party B’s Clients with certain services anticipated or covered by this Agreement as specifically required or instructed by Party B.

 

2.                                      Service Fees and Relevant Arrangements

 

2.1.                            The Parties agree that the Service Fees that Party A should receive for its Business Support Service provided for Party B (“Service Fees”) shall be calculated and paid pursuant to the relevant supplementary agreement separately signed by the Parties thereafter.

 

3.                                      Intellectual Property Rights and Confidentiality

 

3.1.                            Party A shall have sole and exclusive rights and interests in and to any rights, titles, interests and all intellectual property rights (including but not limited to any copyrights, trademarks, software, technical secrets, trade secrets, etc.) arising from or created during the performance of this Agreement, whether developed by Party A, Party B or any relevant third party.

 

3.2.                            The Parties acknowledge and confirm that any oral or written materials exchanged with respect to this Agreement shall be confidential information. Each Party shall keep such materials confidential and, without prior written consent of the other Party, shall not disclose any relevant materials to any third party except that (a) the public is or becomes aware of such materials (not as a result of disclosure to the public by the recipient of such materials in breach of this Agreement at its own discretion); (b) such materials are required to be disclosed by the applicable laws or the rules or regulations of a stock exchange; or (c) such materials are required to be disclosed by either Party to its legal or financial counsel in connection with the transactions contemplated by this Agreement, and such legal or financial counsel must take similar confidentiality liabilities as provided hereby. If any staff member of or any agency engaged by either Party reveals such confidential information, it shall be deemed as revelation by such

 

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Party and such Party shall assume breaching liabilities in accordance with this Agreement.

 

3.3.                            The Parties agree that this Clause shall survive any modification, rescission or termination of this Agreement.

 

4.                                      Representations and Warranties

 

4.1.                            Party A represents and warrants that:

 

4.1.1.                  Party A is a company duly established and validly existing pursuant to PRC laws;

 

4.1.2.                  Party A signs and performs this Agreement within its corporate power and business scope; it has taken necessary corporate actions and appropriate authorization and has obtained consents and approvals from the third party (if any) and the relevant governmental authority; it does not violate any laws and other restrictions which have binding effect or influence on it;

 

4.1.3.                  Upon duly execution, this Agreement shall constitute legal, effective and binding obligations on Party A and may be enforced against Party A.

 

4.2.                            Party B represents and warrants that:

 

4.2.1.                  Party B is a company duly established and validly existing pursuant to PRC laws;

 

4.2.2.                  Party A signs and performs this Agreement within its corporate power and business scope; it has taken necessary corporate actions and appropriate authorization and has obtained consents and approvals from the third party (if any) and the relevant governmental authority; it does not violate any laws and other restrictions which have binding effect or influence on it;

 

4.2.3.                  Upon duly execution, this Agreement shall constitute legal, effective and binding obligations on Party B and may be enforced against Party B.

 

5.                                      Effectiveness and Effective Term

 

5.1.                            This Agreement shall be signed and take effect on the date first written above. Unless earlier terminated pursuant to the provisions of this Agreement or other agreement reached by the Parties, the effective term of this Agreement shall be 50 years, provided that Party A and Party B shall review this Agreement once every 12 months as from the signing of this Agreement to determine whether this Agreement needs to be amended or supplemented to reflect the situations at that time.

 

5.2.                            With prior written confirmation by the Parties, the term of this Agreement can be extended prior to its expiration.

 

6.                                     Termination

 

6.1.                            This Agreement shall be terminated on the expiration date unless being renewed pursuant to this Agreement.

 

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6.2.                            During the effective term of this Agreement, neither Party shall unilaterally early terminate this Agreement, unless one Party has gross negligence or fraud against the other Party.

 

6.3.                            The rights and obligations of both Parties under Clauses 3, 7, 8 and 9 shall survive the termination of this Agreement.

 

7.                                      Governing Law and Dispute Resolution

 

7.1.                            The entry into, effectiveness, interpretation, performance, amendment and termination of this Agreement and dispute resolution shall be governed by PRC law.

 

7.2.                            Any dispute arising from the interpretation and performance of this Agreement shall be resolved first through friendly consultation by the Parties hereto. If such dispute can not be resolved within 30 days after one Party gives the other Party a written notice requesting resolution through consultation, either Party may refer the relevant dispute to the China International Economic and Trade Arbitration Commission to be arbitrated pursuant to its arbitration rules then effective. The arbitration shall be conducted in Beijing and in Chinese. The arbitral award shall be final and binding on the Parties.

 

7.3.                            If any dispute arises from the interpretation and performance of this Agreement or any dispute is pending for arbitration, other than the disputed matters, the Parties hereto shall continue to exercise other rights and perform other obligations under this Agreement.

 

8.                                      Breaching Liabilities

 

8.1.                            If either Party breaches the provisions of this Agreement, the breaching party shall compensate the non-breaching party for the losses suffered by the non-breaching party.

 

8.2.                            Any waiver by the non-breaching party of the breaches by the breaching party shall only be effective if made in writing. Failure or delay to exercise any rights or remedies under this Agreement by the non-breaching party shall not constitute a waiver thereof by such non-breaching party; and partial exercise of any rights or remedies shall not prevent the non-breaching party from exercising other rights and remedies.

 

8.3.                            The effectiveness of this Clause shall survive the termination or rescission of this Agreement.

 

9.                                      Compensations

 

Party B shall indemnify and hold Party A harmless from any losses, damages, liabilities or expenses suffered by Party A as a result of any lawsuits, demands or other claims against Party A in connection with the consultancy and services provided by Party A upon Party B’s request, unless such losses, damages, liabilities or expenses are incurred as a result of Party A’s gross negligence or intentional misconduct.

 

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10.                               Transfer of Agreement

 

Neither Party shall transfer its rights and obligations under this Agreement to any third party other than its affiliates (other than the situation set out in Article 1.1 hereof in which Party A is entitled to designate or entrust a third party pursuant to this Agreement to provide exclusive business support services) unless it obtains prior written consent from the other Party, the grant of which each Party guarantees shall not be unreasonably withheld or delayed.

 

10.1.                     If either Party (hereinafter “Transferor”) transfers its rights and obligations under this Agreement to its affiliate (hereinafter “Transferee”) and thereafter such Transferee ceases to be an affiliate of the Transferor due to any changes, the rights and obligations accepted by such Transferee from the transfer shall be returned to such Transferor or other affiliate thereof.

 

10.2.                     “Affiliate” refers to (1) with respect to a natural person, other natural person under the direct or indirect control of or the relative of the such natural person; and (2) with respect to a person other than a natural person, a company which is owned or controlled by Party A or Party B, owns or controls Party A or Party B, owns or controls a same company jointly together with Party A or Party B, or is under common ownership or control with Party A or Party B. Specifically, the affiliates of Party A include but not limited to all the shareholders of Party A and a company in which Party A has or controls shares.

 

11.                               Merger and Acquisition or Restructuring

 

Party A and Party B acknowledge that, during the effective term of this Agreement, either Party may be subject to merger and acquisition or restructuring (including but not limited to the equity and asset transfer from existing shareholders to other investors) due to the needs of business development. The Parties further acknowledge that as long as either Party is not deregistered or wound up in the course of the aforementioned merger and acquisition or restructuring, such merger and acquisition or restructuring shall not affect the effectiveness and binding effect of this Agreement.

 

12.                               Severability

 

If any provision or provisions of this Agreement is held to be invalid, illegal or unenforceable in any aspect pursuant to any laws or regulations, the validity, legality or enforceability of the remaining provisions of this Agreement shall not be effected or prejudiced in any aspect. Both Parties shall seek to replace such invalid, illegal or unenforceable provisions with valid provisions to the largest extent permitted by law and desired by the Parties through consultation in good faith, provided that the economic effect caused by such valid provisions shall be similar to that of those invalid, illegal or unenforceable provisions as much as possible.

 

13.                               Amendment and Supplement

 

The Parties may amend and supplement this Agreement by reaching an agreement in writing. The amendment agreement and supplementary agreement signed by the Parties in connection with this Agreement shall be an integral part of this Agreement and shall have the same legal effect as this Agreement.

 

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14.                               Language and Duplicates

 

This Agreement shall be prepared in Chinese in two copies, with each Party retaining one copy. Each copy shall have the same legal effect.

 

(The remainder of this page is intentionally left blank. Signatures appear on the following page.)

 

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In Witness Whereof, the Parties have caused their authorized representatives to sign this Agreement on the date first written above.

 

Party A:

 

Guangzhou Yitongtianxia Software Development Co., Ltd.

 

 

	
Signature: 
    	
/s/ Wang Yongchao [Company Seal Affixed]
    	
 
    
	
 
    	
 
    	
 
    
	
Name:
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Position:
    	
 
    	
 
    

 

 

Party B: VODone Datamedia Technology Co., Ltd.

 

 

	
Signature: 
    	
/s/ [not clear] [Company Seal Affixed]
    	
 
    
	
 
    	
 
    	
 
    
	
Name:
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Position:Manas Petroleum Corporation - Exhibit 10.1 - Filed by newsfilecorp.com

THIS TRANSFER AGREEMENT (THE “AGREEMENT”) RELATES TO AN
OFFERING OF SECURITIES IN AN OFFSHORE TRANSACTION TO ONE OR MORE ACCREDITED
INVESTORS (AS DEFINED HEREIN) WHO ARE NOT U.S. PERSONS (AS DEFINED HEREIN)

SHARE TRANSFER AGREEMENT 

BETWEEN: 

  
    
      
        
          DWM PETROLEUM AG, a company organized under
            

          the laws of Switzerland with a business address at 

          Bahnhofstrasse
            9, CH – 6341 Baar/Zug, Switzerland 

          (the “Vendor”) 

        

      

    

  

AND: 

  
    
      
        
          ________________________, a

 ___________________________
            with a business address at 

          ________________________________________________
            

            ________________________________________________

          

          (the “Purchaser”) 

        

      

    

  

WHEREAS: 

A.                        
The Vendor is the registered and beneficial owner of shares (“PMI
Shares”) of common stock of Petromanas Energy Inc. (“PMI”), a British
Columbia corporation with a listing on the TSX Venture Exchange; and 

B.                       
 The Vendor has agreed to sell and the Purchaser has agreed to purchase
______________PMI Shares (the “Shares”) on the terms and conditions set
forth in this Agreement. 

THEREFORE, in consideration of the mutual covenants and
agreements herein contained and other good and valuable consideration (the
receipt and sufficiency of which are hereby acknowledged by each of the
parties), the parties covenant and agree as follows: 

1.                        
Purchase and Sale 

1.1                      
On the basis of the representations and warranties of the parties to this
Agreement and subject to the terms and conditions of this Agreement, the
Purchaser agrees to purchase the Shares from the Vendor, and the Vendor agrees
to sell the Shares to the Purchaser. The purchase price for the Shares is the
sum of CDN$0.115 per share for an aggregate total of CDN$_______________(the
“Purchase Price”). 

- 2 - 

1.2                      
The closing of the purchase and sale of the Shares (the “Closing”) will
take place on Friday, August 17, 2012 (the “Closing Date”) or such other
date as may be agreed upon by the Vendor and Gordon Keep. 

1.3                      
On or before the Closing Date, the Purchaser will deposit the Purchase Price
with Clark Wilson LLP (“CW”), counsel to the Vendor, using the wire
transfer instructions attached to this Agreement as Exhibit “A”. 

1.4                      
On or before the Closing Date, the Vendor will deposit with CW one or more share
certificates representing, in the aggregate, the Shares, together with one or
more stock transfer powers of attorney, duly endorsed by the Vendor for transfer
(collectively, the “Conveyance Documents”). 

1.5                      
Upon confirmation by CW that it has received the Purchase Price and the
Conveyance Documents, CW will deliver the Purchase Price to the Vendor and the
Conveyance Documents to the Purchaser, in care of Gordon Keep, at 3123-595
Burrard Street, Vancouver B.C. V7X 1J1. 

2.                       
   Representations and Warranties

2.1                      
The Vendor represents and warrants to the Purchaser (which representations and
warranties shall survive the Closing), with the intent that the Purchaser will
rely thereon in entering into this Agreement and in concluding the purchase and
sale of the Shares as contemplated herein, that: 

	 	(a) 	
      the Vendor is the registered and beneficial owner of the
      Shares free and clear of all liens, charges and encumbrances of any kind
      whatsoever;

	 	 	 	 
	 	(b) 	
      there are no written instruments, buy-sell agreements,
      registration rights or agreements, voting agreements or other agreements
      by and between or among the Vendor or any other person, imposing any
      restrictions upon the transfer, prohibiting the transfer of or otherwise
      pertaining to the Shares or the ownership thereof;

	 	 	 	 
	 	(c) 	
      the Vendor has the power and capacity and good and
      sufficient right and authority to enter into this Agreement on the terms
      and conditions set forth in this Agreement and to transfer the legal and
      beneficial title and ownership of the Shares to the Purchaser;

	 	 	 	 
	 	(d) 	
      no person, firm, corporation or entity of any kind has or
      will have any agreement or option or any right capable at any time of
      becoming an agreement to:

	 	 	 	 
	 		(i) 	
      purchase or otherwise acquire the Shares; or

	 	 	 	 
	 		(ii) 	
      require the Vendor to sell, transfer, assign, pledge,
      charge, mortgage or in any other way dispose of or encumber any of the
      Shares other than under this Agreement;

- 3 - 

	 	(e) 	
      this Agreement and all other documents required to be
      executed and delivered by the Vendor have been duly, or will when executed
      and delivered be duly, executed and delivered by the Vendor, and
      constitute the legal, valid and binding obligations of the Vendor,
      enforceable against the Vendor in accordance with their terms, subject to
      laws of general application relating to bankruptcy, insolvency, the relief
      of debtors, specific performance, injunctive relief and other equitable
      remedies;

	 	 	 
	 	(f) 	
      the entering into of this Agreement and the transactions
      contemplated hereby do not result in the violation of any of the terms and
      provisions of any agreement, written or oral, to which the Vendor may be a
      party or by which the Vendor is or may be bound; and

	 	 	 
	 	(g) 	
      the Vendor has not taken any action which would impose
      any obligation or liability to any person for finder’s fees, agent’s
      commissions or like payments in connection with the execution and delivery
      of this Agreement or the consummation of the transactions contemplated
      hereby.

2.2                      
The Purchaser represents and warrants to the Vendor (which representations and
warranties shall survive the Closing), with the intent that the Vendor will rely
thereon in entering into this Agreement and in concluding the purchase and sale
of the Shares as contemplated herein, that the Purchaser: 

	 	(a) 	
      understands that the Shares have not been registered
      under the 1933 Act, or under any state securities or “blue sky” laws of
      any state of the United States, and, unless so registered, may not be
      offered or sold in the United States or, directly or indirectly, to U.S.
      Persons, except in accordance with the provisions of Regulation S,
      pursuant to an effective registration statement under the 1933 Act, or
      pursuant to an exemption from, or in a transaction not subject to, the
      registration requirements of the 1933 Act and in each case only in
      accordance with any applicable securities laws;

	 	 	 
	 	(b) 	
      is an “accredited investor”, as that term is defined in
      Canada’s National Instrument 45-106, Prospectus and Registration
      Exemptions, and that the accredited investor questionnaire attached to
      this Agreement as Exhibit “B” is complete and accurate in every
      respect;

	 	 	 
	 	(c) 	
      is acquiring the Shares as principal for investment only
      and not with a view to resale or distribution;

	 	 	 
	 	(d) 	
      is knowledgeable of, or has been independently advised as
      to, the applicable securities laws of the securities regulators having
      application in the jurisdiction in which the Purchaser is resident (the
      “International Jurisdiction”) which would apply to the acquisition
      of the Shares;

	 	 	 
	 	(e) 	
      is purchasing the Shares pursuant to exemptions from
      prospectus or equivalent requirements under applicable securities laws or,
      if such is not applicable, the Purchaser is permitted to purchase the
      Shares under the applicable securities laws of the securities regulators in the International
      Jurisdiction without the need to rely on any exemptions;

- 4 - 

	 	(f) 	
      represents and warrants to the Vendor that the applicable
      securities laws of the authorities in the International Jurisdiction do
      not and will not require the Vendor to make any filings or seek any
      approvals of any kind whatsoever from any securities regulator of any kind
      whatsoever in the International Jurisdiction in connection with the issue
      and sale or resale of the Shares;

	 	 	 	 
	 	(g) 	
      agrees that the purchase of the Shares by the Purchaser
      does not and will not trigger:

	 	 	 	 
	 		(i) 	
      any obligation to prepare and file a prospectus or
      similar document, or any other report with respect to such purchase in the
      International Jurisdiction; or

	 	 	 	 
	 		(ii) 	
      any continuous disclosure reporting obligation of PMI or
      the Vendor in the International Jurisdiction;

	 	 	 	 
	 	(h) 	
      will, if requested by the Vendor, deliver to the Vendor a
      certificate or opinion of local counsel from the International
      Jurisdiction which will confirm the matters referred to in paragraphs (e),
      (f) and (g) above to the satisfaction of the Vendor, acting
    reasonably;

	 	 	 	 
	 	(i) 	
      understands that there are risks associated with the
      purchase of the Shares, as more fully described in PMI’s periodic
      disclosure forming part of the public record on SEDAR;

	 	 	 	 
	 	(j) 	
      has the power and capacity and good and sufficient right
      and authority to enter into this Agreement on the terms and conditions set
      forth in this Agreement;

	 	 	 	 
	 	(k) 	
      has not taken any action which would impose any
      obligation or liability to any person for finder’s fees, agent’s
      commissions or like payments in connection with the execution and delivery
      of this Agreement or the consummation of the transactions contemplated
      hereby;

	 	 	 	 
	 	(l) 	
      has adequate net worth and means of providing for its
      current financial needs and possible personal contingencies;

	 	 	 	 
	 	(m) 	
      is not a U.S. Person;

	 	 	 	 
	 	(n) 	
      is not in the United States at the time of signing this
      Agreement and will not be in the United States at the date of completion
      of the transactions contemplated by this Agreement;
and

2.3                      
In this Agreement, the term “U.S. Person” shall have the meaning ascribed in
Regulation S. 

- 5 - 

3.                        
Resale Restrictions 

3.1                      
The Purchaser agrees that: 

	 	(a) 	
      it shall not offer to sell or sell any of the Shares
      prior to the expiration of a period of four months after the date of
      transfer of the Shares (the “Resale Restriction Period”);

	 	 	 
	 	(b) 	
      any offer to sell, and any sale of, any of the Shares
      after the expiration of the Resale Restriction Period shall be made only
      pursuant to applicable securities laws, rules and regulations and the
      applicable requirements, if any, of the TSX Venture Exchange (or any
      successor stock exchange on which the Shares are then publicly
    traded);

3.2                      
The Purchaser has been advised to consult the Purchaser's own legal, tax and
other advisors with respect to the merits and risks of an investment in the
Shares and with respect to applicable resale restrictions, including the resale
restrictions imposed by this Agreement, and it is solely responsible (and the
Vendor is not in any way responsible) for compliance with any applicable laws of
the International Jurisdiction in which the Purchaser is resident in connection
with the distribution of the Shares hereunder, and any other applicable resale
restrictions. 

4.                        
Legending and Registration of Subject Shares 

4.1                      
The Purchaser agrees that a legend may be placed on the certificates
representing the Shares to the effect that the Shares represented by such
certificates are subject to a hold period and may not be traded until the expiry
of the Resale Restriction Period and such other hold period as may be required
by applicable law. The Purchaser hereby acknowledges and agrees that PMI may
make a notation on its records or give instructions to its registrar and
transfer agent in order to implement the restrictions on transfer set forth and
described in this Agreement. 

5.                        
Additional Shares Owned By Vendor 

5.1                      
The Purchaser acknowledges that, in addition to the Shares, the Vendor owns
approximately 100,000,000 common shares in the capital of PMI (the “Retained
Shares”). Until the earlier of (a) the first anniversary of this Agreement
or (b) the date upon which common shares of PMI have traded at a price equal to
or greater than CAD$0.60 for five business days, the Vendor shall not be
permitted to sell any of the Retained Shares without the prior written consent
of the Purchaser. 

5.2                      
The parties hereto acknowledge that, pursuant to a Share Purchase Agreement
dated February 12, 2010 (the “Original Purchase Agreement”) between the
Vendor, PMI (then known as WWI Resources Ltd.) and a subsidiary of PMI, PMI is
required to issue up to an aggregate of 50,000,000 additional PMI common shares
(the “Performance Shares”) upon the occurrence of any of the following on
or before February 24, 2020: 

- 6 - 

	 	(a) 	
      25,000,000 common shares upon receipt of a report
      prepared pursuant to National Instrument 51-101 “Standards of Disclosure
      for Oil and Gas Activities” confirming that the Licenses (as defined in
      the Original Purchase Agreement) have proven and probable (“2P”) reserves
      of not less than 50,000,000 barrels of oil equivalent ("boe");
      and

	 	 	 
	 	(b) 	
      Upon Petromanas Albania being in receipt of a report
      prepared pursuant to National Instrument 51-101 confirming that the
      Licenses have 2P reserves in excess of 50,000,000 boe; for each 50,000,000
      boe over and above the initial 50,000,000 boe, an additional 500,000
      common shares will be issued to a maximum of 25,000,000 common
    shares.

If and as the Vendor receives Performance Shares, the Vendor
shall promptly transfer to the Purchaser such number thereof as is equal to the
Purchaser’s pro-rata percentage of “X”, where “X” is equal to
twenty-two and one half of one percent (22.5%) of the number of Performance
Shares received by Vendor. The Purchaser’s pro-rata percentage of “X”
shall be determined by dividing the number of the Shares purchased pursuant to
this Agreement by 90,000,000. 

6.          
               Entire
  Agreement

6.1                      
There are no representations, warranties, collateral agreements, or conditions
except as herein specified. 

7.                       
 Expenses 

7.1                      
Each party to this Agreement will be responsible for all of its own expenses,
legal and other professional fees, disbursements, and all other costs incurred
in connection with the negotiation, preparation, execution, and delivery of this
Agreement and all documents and instruments relating hereto and the consummation
of the transactions contemplated hereby. 

8.                        
Governing Law 

8.1                      
This Agreement will be governed by and construed in accordance with the law of
British Columbia.

9.                       
 Further Assurances 

9.1                      
The parties to this Agreement hereby agree to execute and deliver all such
further documents and instruments and do all acts and things as may be necessary
or convenient to carry out the full intent and meaning of and to effect the
transactions contemplated by this Agreement. 

10.                      
Electronic Means 

10.1                      Delivery
of an executed copy of this Agreement by electronic facsimile transmission or
other means of electronic communication capable of producing a printed copy will
be deemed to be execution and delivery of this Agreement. 

- 7 - 

11.                      
Counterparts 

11.1                      This
Agreement may be executed in any number of counterparts, each of which, when so
executed and delivered, shall constitute an original and all of which together
shall constitute one instrument. 

12.                      
Clark Wilson 

12.1                     
Both parties to this Agreement acknowledge and agree that Clark Wilson LLP has
acted as counsel only to the Vendor and is not protecting the rights and
interests of the Purchaser. The Purchaser acknowledges and agrees that the
Vendor and Clark Wilson LLP have given the Purchaser the opportunity to seek,
and are hereby recommending that the Purchaser obtain, independent legal advice
with respect to the subject matter of this Agreement and, further, the Purchaser
hereby represents and warrants to the Vendor and Clark Wilson LLP that the
Purchaser has sought independent legal advice or waives such advice.

IN WITNESS WHEREOF the parties hereto have duly executed
this Agreement as of the 13th day of August, 2012. 

DWM PETROLEUM AG 

Per:
______________________________________________
Authorized Signatory 

 

[insert name of Purchaser in the blank]: 

 

Per:
______________________________________________
Authorized Signatory 

- 8 - 

EXHIBIT A –

TRUST FUNDS (CDN) 

INSTRUCTIONS FOR WIRING FUNDS TO CLARK WILSON LLP 

 

- 9 - 

EXHIBIT B

CANADIAN ACCREDITED INVESTOR QUESTIONNAIRE 

Accredited Investors only: Please check the appropriate
  box and initial

	[  ] 	(a) 	
      a person registered under the securities legislation of a
      jurisdiction of Canada as an adviser or dealer, other than a person
      registered solely as a limited market dealer under one or both of the
      Securities Act (Ontario) or the Securities Act (Newfoundland
      and Labrador), 

	  	  	
       

	[  ] 	(b) 	
      an individual registered or formerly registered under the
      securities legislation of a jurisdiction of Canada as a representative of
      a person referred to in paragraph (a), 

	  	  	
       

	[  ] 	(c) 	
      an individual who, either alone or with a spouse,
      beneficially owns financial assets having an aggregate realizable value
      that before taxes, but net of any related liabilities, exceeds $1,000,000,
      

	  	  	
       

	[  ] 	(d) 	
      an individual whose net income before taxes exceeded
      $200,000 in each of the 2 most recent calendar years or whose net income
      before taxes combined with that of a spouse exceeded $300,000 in each of
      the 2 most recent calendar years and who, in either case, reasonably
      expects to exceed that net income level in the current calendar year,
    

	  	  	
       

	[  ] 	(e) 	
      an individual who, either alone or with a spouse, has net
      assets of at least $5,000,000, 

	  	  	
       

	[  ] 	(f) 	
      a person, other than an individual or investment fund,
      that has net assets of at least $5,000,000 as shown on its most recently
      prepared financial statements and that has not been created or used solely
      to purchase or hold securities as an accredited investor as defined in
      this paragraph (f), 

	  	  	
       

	[  ] 	(g) 	
      an investment fund that distributes or has distributed
      its securities only to 

	 	(i) 	
      a person that is or was an accredited investor at the
      time of the distribution,

	 	 	 
	 	(ii) 	
      a person that acquires or acquired securities in the
      circumstances referred to in sections 2.10 [Minimum amount investment] of
      NI 45-106, or 2.19 [Additional investment in investment funds] of NI
      45-106, or

	 	 	 
	 	(iii) 	
      a person described in paragraph (i) or (ii) that acquires
      or acquired securities under section 2.18 [Investment fund reinvestment]
      of NI 45-106,

	[  ] 	(h) 	
      an investment fund that distributes or has distributed
      securities under a prospectus in a jurisdiction of Canada for which the
      regulator or, in Québec, the securities regulatory authority, has issued a
      receipt, 

- 10 - 

	[  ] 	(i) 	
      a trust company or trust company registered or authorized
      to carry on business under the Trust and Loan Companies Act
      (Canada) or under comparable legislation in a jurisdiction of Canada
      or a foreign jurisdiction, acting on behalf of a fully managed account
      managed by the trust company or trust company, as the case may be,
  

	  	  	
       

	[  ] 	(j) 	
      a person acting on behalf of a fully managed account
      managed by that person, if that person 

	 	(i) 	
      is registered or authorized to carry on business as an
      adviser or the equivalent under the securities legislation of a
      jurisdiction of Canada or a foreign jurisdiction, and

	 	 	 
	 	(ii) 	
      in Ontario, is purchasing a security that is not a
      security of an investment fund, 

	[  ] 	(k) 	
      a registered charity under the Income Tax Act
      (Canada) that, in regard to the trade, has obtained advice from an
      eligibility adviser or an adviser registered under the securities
      legislation of the jurisdiction of the registered charity to give advice
      on the securities being traded, 

	  	  	
       

	[  ] 	(l) 	
      an entity organized in a foreign jurisdiction that is
      analogous to the entity referred to in paragraph (a) in form and function,
      

	  	  	
       

	[  ] 	(m) 	
      a person in respect of which all of the owners of
      interests, direct, indirect or beneficial, except the voting securities
      required by law to be owned by directors, are persons that are accredited
      investors, 

	  	  	
       

	[  ] 	(n) 	
      an investment fund that is advised by a person registered
      as an adviser or a person that is exempt from registration as an adviser,
      or 

	  	  	
       

	[  ] 	(o) 	
      a person that is recognized or designated by the
      securities regulatory authority or, except in Ontario and Québec, the
      regulator as an accredited investor. 

Dated _____________________________, 20____. 

	 	X
  
	 	Signature of individual (if Purchaser is an
      individual) 
	 	 
	 	X
  
	 	Authorized signatory (if Purchaser is not an
      individual) 
	 	 
	 	  
	 	Name of Purchaser (please print) 
	 	 
	 	  
	 	Name of authorized signatory (please print)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00207-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00207-of-00352.parquet"}]]