07-12-2014, 10:05 PM
Here's the text from the SEC filing:
"8.4 Sublease – Sublease and Call Option to Purchase Property - Refinery camp and upstream laydown area
To the extent that:
(a) any Authorisations from a Government Agency are required in respect of the Sublease, including, without limitation, any Ministerial approvals required under the Land Act 1991 of Papua New Guinea; and
(b) such Authorisations are refused or conditions are imposed on such Authorisations or approval which are unreasonable in the Sellers opinion; and
© in the circumstances it is clear to the Seller and the Buyer, acting reasonably, that there is no reasonable prospect of changing the Government Agency’s position on that refusal or those conditions,
then the Buyer and the Seller must procure (in relation to their respective organisations) that a Senior Executive from each of InterOil Corporation and the Buyer hold a meeting at a mutually acceptable time and place and undertake discussions in good faith with a view to agreeing an alternative arrangement in respect of the Sublease and Call Option to Purchase Property which will secure an outcome substantially similar to the arrangements contemplated by the Sublease and Call Option to Purchase Property."

