Empire Energy Corporation Intl. (fka EEGC)

[pitts77h]

So that $50 million Nemo funding will show up ANY DAY NOW?

this is far from over....

Remember this sweet deal with NDB? I guess that's on the way, too?

Surely you remember, this is the deal where MadMal skimmed $50,000 off the top for himself? Deposited directly into his Isle of Man account?

https://www.sec.gov/Archives/edgar/data/788206/000107878212000646/f8k030612_ex10z3.htm

https://www.sec.gov/Archives/edgar/data/788206/000107878212000646/f8k030612_ex10z4.htm

The name of the Joint Venture shall be "Empire NBD Energy JV Pty Ltd”

The Lender has agreed to initially advance the First Tranche of the Facility Deposit Amount set out opposite his/their name in Schedule 1 (USD$100,000) to the Borrower and at the Lender’s discretion, advance the Second Tranche (USD$9,900,000 or part thereof) of the Facility Amount as set out in Schedule 1, and in exchange for total advances of USD$10,000,000 being made as per Schedule 1, a 10% unencumbered interest in the Licence will be granted, and as an option at the lenders further discretion, advance to the borrower a Third Tranche Amount (USD$40,000,000), representing total advances of USD$50,000,000 (refer Schedule 1) which will entitle the Lender to a 49% stake in the Licence (to include oil & gas, and certain coal and coal seam interests at the nomination of Empire) and a first right of refusal to Joint Venture in the Licence, subject to the terms of this Agreement and finalisation of a Joint Venture & Management Agreement. In addition to the above, Empire can arrange for an equity provision of not more than 10% of the shares on issue in the company as at the date of this Agreement to be issued at the Borrowers discretion.