Document:

Exhibit 10.28.1

 

Recording requested by and

when recorded return to:

Christopher M. Kamper

Carver Schwarz McNab & Bailey, LLC

1600 Stout Street, Suite 1700

Denver, Colorado 80202-3164

 

Amendment to Mortgage, Security Agreement,

Assignment of Leases and Rents, and

Fixture Filing

 

THIS MORTGAGE AMENDMENT SECURES FUTURE ADVANCES AND CONTAINS AFTER-ACQUIRED PROPERTY PROVISIONS, AND SHALL SECURE AT ANY ONE TIME A MAXIMUM PRINCIPAL AMOUNT OF TWENTY-SIX MILLION DOLLARS ONLY ($26,000,000.00) FOR PURPOSES OF SECTION 48-7-9 NMSA 1978, AS AMENDED OR REPLACED FROM TIME TO TIME.  THIS MORTGAGE AMENDMENT PERTAINS TO A “LINE OF CREDIT MORTGAGE” AS THAT TERM IS USED IN SECTION 48-7-4(B) NMSA 1978, AS AMENDED OR REPLACED FROM TIME TO TIME.

 

THIS MORTGAGE AMENDMENT COVERS GOODS WHICH ARE OR ARE TO BECOME FIXTURES ON THE REAL ESTATE DESCRIBED IN THIS MORTGAGE AMENDMENT AND ALSO COVERS MINERALS AND AS-EXTRACTED COLLATERAL LOCATED ON AND UNDER THE REAL ESTATE DESCRIBED IN THIS MORTGAGE AMENDMENT.  THIS MORTGAGE AMENDMENT IS TO BE FILED FOR RECORD IN THE REAL ESTATE RECORDS AS, AMONG OTHER THINGS, A FINANCING STATEMENT AND A FIXTURE FILING.

 

TO THE ATTENTION OF THE RECORDING OFFICER:

 

THIS INSTRUMENT AMENDS A MORTGAGE OF BOTH REAL AND PERSONAL PROPERTY AND IS, AMONG OTHER THINGS, A SECURITY AGREEMENT AND FINANCING STATEMENT UNDER THE UNIFORM COMMERCIAL CODE.  THIS INSTRUMENT AMENDS A PRE-EXISTING LIEN ON RIGHTS IN OR RELATING TO LEASEHOLD INTERESTS, LANDS AND WATER RIGHTS OF MORTGAGOR WHICH ARE DESCRIBED IN EXHIBIT A HERETO.

 

This Amendment to Mortgage, Security Agreement, Assignment of Leases and Rents, and Fixture Filing (“Mortgage”) is made effective December 22, 2010 (the “Effective Date”), from NEUTRON ENERGY, INC., a Nevada corporation having a principal place of business at 9000 E. Nichols Avenue Suite 225 Englewood, CO 80112  (“MTM” or “Mortgagor”), to RMB AUSTRALIA HOLDINGS, LTD. a banking corporation organized under the laws of Australia,

 

1

 

and RMB RESOURCES INC., a Delaware corporation (the “Mortgagee”).

 

Recitals

 

A.            Mortgagor and Mortgagee are parties to the Facility Agreement dated April 5, 2010 (as from time to time amended, supplemented, replaced or restated, the “Facility Agreement”) among Mortgagor and Mortgagee, pursuant to which Mortgagee made a loan facility available to Borrower in the principal amount of up to Sixteen Million United States Dollars (US$16,000,000.00), in addition to certain closing costs and fees, which loan facility must be repaid according to the schedule set forth in the Facility Agreement and no later than the maturity date, as such may be amended or extended from time to time, of the Promissory Note given by Mortgagor pursuant to the Facility Agreement.

 

B.            To secure that loan amount, Mortgagor granted Mortgagee a Mortgage, Security Agreement, Assignment of Leases and Rents, and Fixture Filing dated effective April 5, 2010, and recorded in the official records of Sandoval County, New Mexico on April 7, 2010 as Document No. 201007626 (UCC filings) and Document No. 201007627 (Mortgage filings) (the “Mortgage”).

 

C.            Mortgagor and Mortgagee desire to amend the terms of the Facility Agreement to amend the principal amount by an additional Eight Million United States Dollars (US$8,000,000.00) in addition to certain closing costs and fees, as evidenced by the Amended and Restated Promissory Note given by Mortgagor pursuant to the Facility Agreement, and to amend the Mortgage to be consistent with this new financing term.

 

D.          Mortgagor and Mortgagee intend no other changes to the terms of the Mortgage, which secured future advances and was a “line of credit” mortgage within the meaning of Section 48-7-4(B) NMSA 1978, as amended or replaced from time to time.  This mortgage amendment is intended to relate back for priority purposes to the date of the Mortgage.

 

Therefore, for good and valuable consideration given, the receipt and sufficiency of which is hereby acknowledged, Mortgagor hereby amends the Mortgage over all the Properties identified on Exhibits A through C hereto, including all fixtures, mineral rights and as extracted collateral pertaining thereto, on the terms and conditions stated in the Mortgage, subject only to the following amendment.

 

1.             Amendments

 

The Parties amend the Mortgage so as to secure repayment of the loans extended pursuant to the Facility Agreement up to a maximum principal amount of Twenty-Six Million United States Dollars (US$26,000,000.00).

 

2.             No Other Amendments

 

The parties make no other amendments to the Mortgage, and all the articles, terms, and conditions of such Mortgage are hereby incorporated by this reference as though set forth in full

 

2

 

in this Mortgage Amendment.  Mortgagor represents and warrants that the representations and warranties stated in the Mortgage are true and accurate as of the date of this Mortgage Amendment, and all covenants stated therein are re-stated herein in full.

 

3.             Properties Encumbered

 

The Properties encumbered by the Mortgage and this Mortgage Amendment are as stated on Exhibits A through C hereto.

 

IN WITNESS WHEREOF, Mortgagor has executed this Amendment to Mortgage, Security Agreement, Assignment of Leases and Rents, and Fixture Filing effective as of the day and year first above written.

 

 

	
NEUTRON   ENERGY, INC.
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/   Edward M. Topham
    	
 
    
	
Edward   M. Topham
    	
 
    
	
Chief   Financial Officer, Secretary, and Treasurer, Neutron Energy, Inc.
    	
 
    
			

 

3

 

	
STATE   OF COLORADO
    	
)
    
	
 
    	
)   ss.
    
	
COUNTY   OF DENVER
    	
)
    

 

This Mortgage, Security Agreement, Assignment of Leases and Rents and Fixture Filing was acknowledged before me on December 22, 2010, by Edward M. Topham as Chief Financial Officer, Secretary and Treasurer of Neutron Energy, Inc., as the duly authorized act of the Corporation.

 

	
My   commission expires:
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
/s/   Mary Bayer
    
	
 
    	
 
    	
Notary   Public
    

 

4

 

Exhibits

 

	
Exhibit A
    	
 
    	
Land, Improvements   and Water Rights
    
	
 
    	
 
    	
 
    
	
Exhibit B
    	
 
    	
Operating   Equipment
    
	
 
    	
 
    	
 
    
	
Exhibit C
    	
 
    	
Material   Agreements
    
	
 
    	
 
    	
 
    
	
Exhibit D
    	
 
    	
List   of Title Reports and Opinions
    

 

5

 

Exhibit A

To

Mortgage, Security Agreement,

Assignment of Leases and Rents and

Fixture Filing

 

 

Leasehold Interests, Unpatented Mining Claims,

Water Rights, and Improvements

Sandoval County, New Mexico

 

 

I.                                         Leasehold Interests.  (A) List of leases under which Mortgagor is lessor; (B) List of leases where Mortgagor is lessee.

 

(A)          NONE

 

(B)          All of Mortgagor’s right, title and interest under that certain Uranium Mining Lease and Agreement effective October 12, 2006, between Juan Tafoya Land Corporation, a New Mexico corporation, and Neutron Energy, Inc., a Nevada corporation, as further evidenced by the Short Form Memorandum of Uranium Mining Lease and Agreement effective October 12, 2006 and filed for record November 7, 2006 as Document #200654850 in Sandoval County, New Mexico, filed for record November 20, 2006 in McKinley County, New Mexico and filed for record December 4, 2006 as Document 200604472 in Cibola County, NM.

 

All of Mortgagor’s right, title and interest in and to the following lands:

 

The Juan Tafoya Grant Lands, more particularly described as follows.

 

From the point of beginning, being a stone mound and brass cap marked “POLARIS PT. 1 TURLEY EXCEPTION, 1974”, the U.S.G.S. station “AQUA” bears S. 67°11’37” E. and is 18473.05 feet.

 

Then from the above said point of beginning along the South fence S. 89°07’19” W. a distance of 1535.88 feet, to a point from which witness corner No. 1 bears N. 23° E. and is 2.50 feet in distance; then N. 0°37’47” W. a distance of 2396.96 feet, to a point from which witness corner No. 2 bears S. 89°19’ W. and is 0.83 feet in distance; then N. 02°38’44” W., 645.59 feet to a point from which witness corner No. 3 bears N. 17°00’ W. and is 2.17 feet in distance; then N. 63°49’03” W., 314.8 feet to a point from which witness corner No. 4 bears N. 26°00’ E., and is 0.55 feet in distance; then N. 63°49’15” W. 219.09 feet to a point from which witness corner No. 5 bear N. 30°00’ E. and is 1.35 feet in distance; then N. 64°17’24” W., 380.09 feet to a point from which witness corner No. 6 bears N. 30°00’ E. and is 1.0 feet in distance; then N. 69°50’26” W., 68.03 feet to a point from which witness corner No. 7 bears N. 14°00’ E. and is 1.4 feet in distance; then N. 74°24’36” W., 271.23 feet to a point from which witness corner No. 8 bears N. 15°36’ E. and is 0.9 feet in distance; then N. 73°45’9” W. 452.49 feet to a point from which witness corner No. 9 bears WEST and is 2.2 feet in distance; then N. 8°05’17” E., 10.76 feet to a point from which witness corner No. 10 bears N. 78°00’ W. and is 1.1 feet in distance; then N. 55°52’16” W., 209.30 feet to a point

 

 

from which witness corner No. 11 bears N. 34°00’ E. and is 1.2 feet in distance; then N. 61°24’28” W., 143.58 feet to a point from which witness corner No. 12 bears N. 28°35’ E., and is 1.15 feet in distance; then N. 66°20’29” W., 122.00 feet to a point from which witness corner No. 13 bears S. 23°40’ W. and is 1.2 feet in distance; then N. 62°31’ W., 193.47 feet to a point from which witness corner No. 14 bears N. 27°55’ E. and is 1.4 feet in distance; then N. 62°05’21” W., 116.65 feet to a point from which witness corner No. 15 bears S. 62°05’ E. and is 1.7 feet in distance; then N. 44°03’35” W., 365.22 feet to a point from which witness corner No. 16 bears N. 45°57’ E. and is 1.35 feet in distance; then N. 46°50’39” W., 295.62 feet to a point from which witness corner No. 17 bears S. 31°43’ E. and is 1.9 feet in distance; then N. 31°43’27” W., 238.39 feet to a point from which witness corner No. 18 bears N. 80°38’ W. and is 1.1 feet in distance; then N. 09°22’25” W., 186.10 feet to a point from which witness corner No. 19 bears S. 20°00’ E. and is 1.3 feet in distance; then N. 72°10’44” W. 85.23 feet to a point from which witness corner No. 20 bears S. 07°37’26” E., and is 1.3 feet in distance; then N. 07°06’36” W. 140.39 feet to a point from which witness corner No. 21 bears N. 57°37’57” W. and is 1.6 feet in distance; then N. 59°40’30” W., 935.35 feet to a point from which witness corner No. 22 bears N. 30°23’ E. and is 0.7 feet in distance; then N. 60°34’27” W., 280.32 feet to a point from which witness corner No. 23 bears N. 29°40’ E. and is 1.8 feet in distance; then N. 59°33’04” W., 47.45 feet to a point from which witness corner No. 24 bears N. 29°51’ E. and is 1.3 feet in distance; then N. 60°00’08” W., 243.55 feet to a point from which witness corner No. 25 bears N. 29°52’ E. and is 0.7 feet in distance; then N. 62°25’35” W., 24.61 feet to a point from which witness corner No. 26 bears N. 26°58’ E., and is 0.44 feet in distance; then N. 60°31’22” W., 528.28 feet to a point from which witness corner No. 27 bears N. 29°36’ E. and is 1.5 feet in distance; then N. 42°20’58” W., 114.79 feet to a point from which witness corner No. 28 bears N. 47°39’ E. and is 1.4 feet in distance; then N. 45°54’37” W., 176.27 feet to a point from which witness corner No. 29 bears N. 46°21’56” W. and is 4.5 feet in distance; then N. 33°04’49” W., 30.84 feet to a point from which witness corner No. 30 bears N. 41°28’ E. and is 1.6 feet in distance; then N. 21°53’54” W., 88.11 feet to a point from which witness corner No. 31 bears S. 66°31’ W. and is 1.0 feet in distance; then N. 09°18’27” W., 103.18 feet to a point from which witness corner No. 32 bears N. 66°31’ E. and is 2.4 feet in distance; then N. 06°32’08” E., 101.39 feet to a point from which witness corner No. 33 bears N. 82°31’ E. and is 1.2 feet in distance; then N. 00°55’31” E., 32.00 feet to a point from which witness corner No. 34 bears S. 84°00’ E. and is 1.3 feet in distance; then N. 05°59’48” E., 69.14 feet to a point from which witness corner No. 35 bears S. 88°53’ E. and is 1.5 feet in distance; then N. 10°53’07” E., 298.14 feet to a point from which witness corner No. 36 bears N. 11°39’ E. and is 3.18 feet in distance; then S. 80°54’37” E., 126.98 feet to a point from which witness corner No. 37 bears S. 10°25’ W. and is 3.3 feet in distance; then N. 87°59’ E., 48.90 feet to a point from which witness corner No. 38 bears S. 03°16’ E., 2.15 feet in distance; then S. 81°34’ E., 238.09 feet to a point from which witness corner No. 39 bears S. 08°13’ E. and is 1.2 feet in distance; then S. 84°31’22” E., 105.41 feet to a point from which witness corner No. 40 bears S. 85°09’ E. and is 1.6 feet in distance; then N. 57°41’57” E., 92.98 feet to a point from which witness corner No. 41 bears N. 35°00’ E, and is 2.4 feet in distance; then N. 69°18’48” E., 51.92 feet to a point from which witness corner No. 42 bears S. 18°38’ E. and is 0.5 feet in distance; then N. 69°01’11” E., 87.68 feet to a point from which witness corner No. 43 bears S. 20°55’ E. and is 0.6 feet in distance; then N. 65°41’02” E., 98.30 feet to a point from which witness corner No. 44 bears S. 59°30’ W. and is 1.3 feet in distance; then N. 59°10’05” E., 130.22 feet to a point from which witness corner No. 45 bears S. 71°48’ E. and is 1.0 feet in distance; then N. 75°56’20” E., 46.41 feet to a point from which witness corner No. 46 bears S. 35°50’ E. and is 0.8 feet in distance; then N. 41°22’45” E., 37.38 feet to a point from which witness corner No. 47 bears S. 60°00’ E. and is 1.3 feet in distance; then N. 24°04’41” E., 10.53 feet to a point from which witness corner No. 48 bears S. 73°00’ E. and is 0.7 feet in distance; then N. 12°55’26” E., 17.04 feet to a point from which witness corner No. 49 bears S. 75°00’ E. and is 0.95 feet in distance; then N. 17°43’24” E., 29.96 feet to a point from which witness corner No. 50 bears S. 65°00’ E. and is 1.1 feet in distance; then N. 38°15’06” E., 45.54 feet to a point from which witness corner No. 51 bears N. 25°00’ W. and is 1.0 feet in distance; then N. 74°43’56” E., 52.38 feet to a point from which witness corner No. 52 bears S. 13°00’ E. and is 0.85 feet in distance; then N. 34°12’12” E., 291.81 feet to a point from which witness corner No. 53 bears N. 58°00’ W. and is 0.75 feet in distance; then S. 52°17’32” E., 1742.68 feet to a point from which witness corner No. 54 bears S. 20°50’ W. and is 1.3 feet in distance; then S. 69°25’36” E., 14.17 feet to a point from which witness corner No. 55 bears S. 33°00’ W. and is 1.4 feet in distance; then S. 64°04’07” E., 312.89 feet to a point from which witness corner No. 56 bears S. 26°00’ W. and is 0.8 feet in distance; then N. 89°39’19” WE., 203.36 feet to a point from which witness corner No. 57 bears S. 08°00’ E. and is 0.8 feet in distance; then N.

 

 

76°31’41” E., 683.63 feet to a point from which witness corner No. 58 bears S. 13°00’ E. and is 0.86 feet in distance; then N. 76°59’19” E., 773.28 feet to a point from which witness corner No. 59 bears S. 13°00’ E. and is 1.15 feet in distance; then N. 77°31’06’ E., 446.69 feet to a point from which witness corner No. 60 bears S. 51°57’ E. and is 0.8 feet in distance; then N. 01°21’06” W., 4260.77 feet to a point from which witness corner, marked N. Fence A.P. No. 1, bears N. 01°21’ W. and is 0.86 feet in distance; then S. 88°33’24” E. along the north fence 268.77 feet to a point from which witness corner A.P. No. 2, bears N. 01°28’ E. and is 0.75 feet in distance; then S. 84°11’33” E., 63.33 feet to a point from which witness corner A.P. No. 3, bears S. 06°00’ W. and is 1.55 feet in distance; then S. 87°01’55” E., 5660.50 feet to a point from which witness corner A.P. No. 4, bears S. 03°00’ W. and is 1.35 feet in distance; then S. 83°19’11” E., 127.23 feet to a point from which witness corner A.P. No. 5, bears S. 07°00’ W. and is 1.7 feet in distance; then S. 88°30’31” E., 1966.28 feet to a point from which witness corner A.P. No. 6, bears S. 01°30’W is 1.2 feet in distance; then S. 89°28’09” E., 7682.87 feet to a point from which witness corner A.P. No. 7, bears S. 33°00’ W. and is 1.9 feet in distance; then S. 00°03’21” E. a distance of 8159.75 feet; then S. 01°19’39” E. a distance of 686.36 feet;  then S. 12°34’47” E. a distance of 175.27 feet; then S. 12°37’30” W. a distance of 236.04 feet; then S. 00°45’35” W. a distance of 1151.82 feet; then S. 04°39’24” E. a distance of 365.79 feet; then S. 86°00’37” W. a distance of 501.10 feet; then N. 69°37’48” W. a distance of 108.08 feet; then N. 82°39’20” W. a distance of 414.86 feet; then N. 77°35’01” W. a distance of 410.78 feet; then N. 74°28’36” W. a distance of 460.46 feet; then S. 81°10’12” W. a distance of 188.82 feet; then S. 56°27’27” W. a distance of 402.81 feet; then N. 88°00’38” W. a distance of 511.50 feet; then N. 56°42’08” W. a distance of 620.12 feet; then S. 87°46’48” W. a distance of 1335.83 feet; then S. 89°16’17” W. a distance of 1650.44 feet; then N. 89°15’15” W. a distance of 3195.41feet; then S. 88°28’59” W. a distance of 4059.24 feet; then S. 73°09’13” W. a distance of 71.03 feet; then S. 89°14’48” W. a distance of 392.88 feet to the point and place of beginning, and containing an area of 4096.6609 acres, more or less, also known as the Juan Tafoya Land Grant, being the village and community lands of the Town of Marquez, New Mexico.

 

II             UNPATENTED MINING CLAIMS

 

The following described unpatented lode mining and millsite claims situate in Sandoval County, New Mexico:

 

	
County Recording
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Claim Name
    	
 
    	
Book
    	
 
    	
Page
    	
 
    	
BLM MMC
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
NONE
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    

 

III.           Water Rights

 

Only those water rights granted pursuant to that certain Uranium Mining Lease and Agreement effective October 12, 2006, between Juan Tafoya Land Corporation, a New Mexico corporation, and Neutron Energy, Inc., a Nevada corporation

 

 

IV.           Improvements.

 

Buildings, Plants, Etc.

 

	
Building Name
    	
 
    	
Size (sq ft)
    	
 
    	
Height
    
	
NONE
    	
 
    	
 
    	
 
    	
 
    

 

 

Exhibit B

To

Mortgage, Security Agreement,

Assignment of Leases and Rents and

Fixture Filing

 

 

Operating Equipment

 

 

ALL EQUIPMENT OWNED EXCEPT WHERE INDICATED

 

	
Equipment
   Number
    	
 
    	
Make/Model
   MAJOR EQUIPMENT
    	
 
    	
Serial Number
    	
 
    	
Cat Lease
    
	
N/A
    	
 
    	
40’   Storage Unit — Double Doors — Juan Tafoya
    	
 
    	
N/A
    	
 
    	
N/A
    
	
N/A
    	
 
    	
Air   Monitoring Station — Juan Tafoya
    	
 
    	
N/A
    	
 
    	
N/A
    
	
N/A
    	
 
    	
Pumps,   Timers & Materials for Irrigation System (work-in-process) — Juan   Tafoya
    	
 
    	
N/A
    	
 
    	
N/A
    

 

 

Light Vehicles

 

	
EQUIP. #
    	
 
    	
YEAR
    	
 
    	
MAKE
    	
 
    	
TYPE
    	
 
    	
MODEL
    	
 
    	
SERIAL #
    
	
NONE
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    

 

 

Exhibit C

To

Mortgage, Security Agreement,

Assignment of Leases and Rents and

Fixture Filing

 

 

Material Agreements

 

 

No other Material Agreement other than disclosure in Exhibit A, Section I.(B).

 

 

Exhibit D

 

To

Mortgage, Security Agreement,

Assignment of Leases and Rents and

Fixture Filing

 

 

List of Title Reports and Opinions

 

 

Neutron Energy, Inc. Project, Fee Land Title Report, Portions of the Juan Tafoya Land Grant and Portions of the Cebolleta Land Grant, Cibola, McKinley and Sandoval Counties, New Mexico, prepared by Cortney E. Stewart at the request of Bensing Associates, Inc., March 15, 2010.

 

Fee Title Opinion dated October 10, 2006 by Rodey, Dickason, Sloan, Akin and Robb, P.A. re:  Fee land in McKinley and Sandoval Counties, New Mexico within the Town on Cebolleta Land Grant.

 

Mineral Fee Title Opinion dated April 27, 2007 by Rodey, Dickason, Sloan, Akin and Robb, P.A. re:  Fee land in Cibola County, New Mexico.Manas Petroleum Corporation: Exhibit 10.1 - Filed by newsfilecorp.com

CONSULTING AGREEMENT

THIS AGREEMENT made effective as of 1st September,
2011.

BY AND BETWEEN:

MANAS PETROLEUM CORPORATION, a
company incorporated under the laws of Nevada, USA, having its principal place
of business at Bahnhofstrasse 9, Baar, Switzerland, (hereinafter called the
“Company”)

OF THE FIRST PART

AND:

BRISCO CAPITAL PARTNERS
CORPORATION, a company incorporated under the laws of Alberta, Canada,
having its registered office at of 400, 505 8th Avenue SW. Calgary,
Alberta, T2P 1G2 (hereinafter called the “Consultant”)

OF THE SECOND PART

WHEREAS the Company is a reporting company in the United States
and Canada whose shares are posted and listed for trading on the TSX Venture
Exchange (the “Exchange”) and listed for quotation on the OTC-BB;

WHEREAS the Consultant provides marketing and investment
relations consulting services to companies whose shares are posted and listed
for trading on the Exchange.

WHEREAS with effect from the effective date of this Agreement,
the Company wishes to engage the services of the Consultant and to appoint the
Consultant as a marketing and investor relations consultant and advisor and the
Consultant has agreed to be engaged by the Company on the terms and conditions
hereinafter set forth; and, 

NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration of
the premises and of the covenants and agreements hereinafter contained, the
parties hereto have agreed as follows:

	1. 	
      DUTIES AND DEVOTION OF TIME

	 	 
	1.01 	
      The Consultant acknowledges and agrees that the work of
      the Consultant is and will be of such a nature that regular hours may be
      difficult to adhere to and there may be occasions in which the Consultant
      will not be required to work a full eight hours per day and a full five
      days per week. It is also anticipated that there will be certain evenings,
      Saturdays, Sundays and holidays during which the Consultant will be
      required to work. The work of the Consultant is of an advisory and
      supervisory nature and accordingly the Consultant agrees that the
      consideration herein set forth will be in full and complete satisfaction
      for the Consultant’s work and services, no matter how or when performed,
      and the Consultant hereby releases the Company from any claims for
      overtime pay or compensation whatsoever which the Consultant might have by
      reason of any existing or future legislation or otherwise.

	 	 
	1.02 	
      During the term of this Agreement, the Consultant shall
      assist in representing the Company at trade shows, liaising with the
      investment community, introducing the management of the Company to
      investors, and assisting in the presentation of information to those
      potential investors.

	 	 
	1.03 	
      During the term of this Agreement, the Company may
      request that the Consultant organize and attend roadshows in various
      cities and at various locations. The Consultant will be responsible for
      coordinating all details related to these roadshows.

	 	 
	1.04 	
      In conducting its duties under this Agreement, the
      Consultant will report to the Company’s President and will act
      consistently with his directives and policies.

Page 1

	1.05 	
      In performance of services, Consultant shall comply with
      all applicable laws, including laws of Switzerland, Canada and USA
      concerning ethical business practices.

	 	 
	2. 	
      TERM

	 	 
	2.01 	
      The effective date of this Agreement is the date set out
      above and the engagement of the Consultant hereunder will from such date
      continue until terminated in accordance with the terms and provisions of
      this Agreement, but in any case not more than six months from the date
      hereof, unless extended by the parties in writing.

	 	 
	3. 	
      REMUNERATION

	 	 
	3.01 	
      In consideration of the services provided by Consultant
      under this Agreement, the Company shall pay the Consultant a monthly
      retainer of US$10,000 at the start of each month. An additional retainer
      of US$10,000 will be paid in the first month to offset up front Investor
      Relations duties. All fees are due upon receipt of the invoice at the
      start of each month and are non refundable.

	 	 
	3.02 	
      Within a reasonable time following the Effective Date of
      this Agreement, the Company shall grant to the Consultant (or to a nominee
      that qualifies as an option grantee under applicable Exchange Policies)
      options to acquire 500,000 common shares at an exercise price equal to the
      closing price (last sale of the day) on August 31, 2011, for shares of the
      Company’s common stock on the OTC BB. The terms and conditions of such
      options shall be as determined by the Board of Directors of the Company
      and subject to the terms of the Company’s Stock Option Plan and a Stock
      Option Agreement on the Company’s form of stock option agreement.
      Notwithstanding the foregoing, the options shall vest in three
      installments - one third will vest six months after the Effective Date,
      one third will vest 12 months after the Effective Date and one third will
      vest eighteen months after the Effective Date.

	 	 
	3.03 	
      The Consultant acknowledges it is an independent
      contractor, not an employee, and as such is solely responsible for the
      payment or remittance of all deductions, taxes and assessments relating to
      this engagement, and agrees to save the Company harmless from, and
      indemnify the Company for, any and all liability therefrom.

	 	 
	4. 	
      REIMBURSEMENT FOR EXPENSES

	 	 
	4.01 	
      The Consultant shall be reimbursed for all reasonable
      out-of-pocket expenses incurred by the Consultant in or about the
      execution of the Company’s engagement, provided that such expenses are
      approved in advance by the President of the Company in writing.

	 	 
	5. 	
      NOTICE

	 	 
	5.01 	
      All notices, notifications, requests, and other
      communications required in this Agreement must be in writing and must be
      delivered in person or sent by facsimile or e-mail as
  follows:

	 	To Company: 	Manas Petroleum Corporation 
	 	 	Bahnhofstr. 9 
	 	 	 6341 Baar, Switzerland 
	 	 	E-Mail: mvogel@manaspetroleum.com 
	 	 	Attention:            
      Peter-Mark Vogel 
	 	 	 
	 	To Consultant: 	BRISCO CAPITAL PARTNERS CORPORATION 
	 	 	 400, 505 8th Avenue SW. 
	 	 	 Calgary, Alberta, T2P 1G2 
	 	 	Canada 
	 	 	E-Mail: -------------- 
	 	 	Attention:            
      Scott Koyich, President 

Page 2

	5.02 	
      All notices, notifications, requests, and other
      communications are deemed effective when delivered in person, and they are
      deemed effective 24 hours after transmission by e-mail, where satisfactory
      indication of receipt is received by sending Party. Either Party may
      change the above addresses and numbers by notifying the other
  Party.

	 	 
	6. 	
      CONFIDENTIAL INFORMATION

	 	 
	6.01 	
      Consultant shall keep confidential all non-public
      information provided by Company or any of its Affiliates, or information
      developed by Consultant hereunder. Such information shall be the property
      of Company or the appropriate Affiliate. Consultant shall not disclose
      such information to any third party except with Company’s Approval.
      Company shall own all intellectual property rights and copyrights in such
      information. This obligation shall not apply to information which is or
      becomes part of the public knowledge from a source other than
      Consultant.

	 	 
	6.02 	
      For so long as Consultant is in possession of non-public
      information of the Company that is material information, the Consultant
      shall not trade in securities of the Company.

	 	 
	6.03 	
      Consultant may not make any announcement or release any
      information respecting this Agreement or the Services, without Company’s
      Approval.

	 	 
	6.04 	
      Consultant shall not use Company’s trademarks without
      Company’s Approval.

	 	 
	6.05 	
      Upon termination of the Agreement or upon request of
      Company, Consultant shall return to Company all materials furnished by
      Company or any of its Affiliates, and Consultant shall surrender all
      information or data developed by Consultant pursuant to this Agreement,
      unless otherwise agreed, in writing, by Consultant and Company.

	 	 
	6.06 	
      Company may disclose this Agreement, including the
      compensation provisions, to whomever Company determines has a legitimate
      need to know, including any governmental authority having jurisdiction
      over the Company or any of its Affiliates and any governmental authority
      of the Territory.

	 	 
	6.07 	
      This Article 6 survives termination of this
    Agreement.

	 	 
	7. 	
      TERMINATION OF AGREEMENT

	 	 
	7.01 	
      Notwithstanding any other provision herein, it is
      understood and agreed by and between the parties hereto that the
      Consultant may terminate this Agreement in its entirety at any time by
      giving the Company 30 days written notice of such intention to
      terminate.

	 	 
	7.02 	
      The Company may terminate this Agreement in its entirety,
      with or without cause, for any reason whatsoever at any time by delivering
      to the Consultant 30 days notice of termination in writing and the
      Consultant does hereby agree that such notice is sufficient notice, and
      that the Company will not be liable to pay any further monies,
      notwithstanding that such termination may be without cause. The expression
      “such further monies” will include, without restricting the generality of
      the foregoing, additional fees, severance pay, bonuses, penalties and any
      or all other monies arising out of the engagement of the
  Consultant.

	 	 
	8. 	
      MISCELLANEOUS

	 	 
	8.01 	
      This Agreement may not be assigned by any of the parties
      hereto without the prior written consent of the other
  party.

Page 3

	8.02 	
      The substantive law of Nevada, USA without regard to any
      conflicts of laws principles that could require application of any other
      law, shall govern the interpretation of this Agreement and any dispute,
      controversy, or claim arising out of, relating to, or in any way connected
      with this Agreement, including the existence, validity, performance,
      breach, or termination of this Agreement.

	 	 
	8.03 	
      The Parties shall use their best efforts to settle any
      dispute, claim, question, or disagreement arising from or relating to this
      Agreement. To this effect, the Parties shall consult and negotiate with
      each other in good faith and, recognizing their mutual interests, attempt
      to reach a just and equitable solution satisfactory to both Parties. If
      they do not reach such solution within a period of 15 days from date of
      notice of dispute, then, upon notice by any Party to the other, all
      disputes, claims, questions, or differences shall be finally settled by
      arbitration administered under the Rules of Arbitration of the
      International Chamber of Commerce. The place of arbitration shall be
      Calgary, Alberta, Canada and the language of the arbitration shall be
      English.

	 	 
	8.04 	
      All obligations of the Company and the Consultant under
      this Agreement are subject to the acceptance of this Agreement by the
      Exchange and such other regulatory authorities having
  jurisdiction.

	 	 
	8.05 	
      This Agreement may not be amended or otherwise modified
      except by an instrument in writing signed by the parties hereto.

	 	 
	8.06 	
      This Agreement constitutes the entire agreement between
      the parties hereto pertaining to the subject matters hereof and supersedes
      all prior and contemporaneous agreements, understandings, negotiations and
      discussions and representations whether written or oral of the parties,
      and there are no warranties, representations or other agreements between
      the parties in connection with the subject matter hereof except as herein
      set out.

	 	 
	8.07 	
      The titles of headings of the respective paragraphs of
      this Agreement shall be regarded as having been used for reference and
      convenience only.

	 	 
	8.08 	
      This Agreement shall enure to the benefit of and be
      binding upon the parties hereto and their respective heirs, executors,
      administrators, successors and permitted assigns.

IN WITNESS WHEREOF the parties hereto have executed this
agreement as of the day and year first above written.

	MANAS PETROLEUM CORP. 	 	BRISCO CAPITAL PARTNERS 
	  	 	CORPORATION 
	  	 	  
	  	 	  
	/s/ Peter-Mark
      Vogel 	 	/s/
      Scott Koyich 
	Peter-Mark Vogel, CEO 	 	Scott Koyich, President 

Page 4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00194-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00194-of-00352.parquet"}]]