From page 77 of the 2007 prospectus:In consideration for the...

From page 77 of the 2007 prospectus:

In consideration for the sale, Key Petroleum is required to:

(1) issue to the Share Sellers (in proportion to their
respective interest in Puma):

(a) 1,000,000 Shares upon granting of the first
of the offshore Exploration Permits;

(b) 400,000 Shares upon granting of the second
of the offshore Exploration Permits;

(c) 200,000 Shares upon granting of the third of
the offshore Exploration Permits; and

(d) 200,000 Shares upon the granting of an
extension until at least 31 December 2007
to drill an exploration well on the Borsano
Permit; and

(2) issue to TMIS 200,000 Shares upon the granting of
an extension to drill an exploration well on the
Borsano Permit as contemplated in paragraph 1(d)
above.