Central Petroleum Shareholders Association, page-8

O&G

Have a look at this clause old mate, what a doozy this is. Bloody madness.

Central agrees not to resist any claim for reimibursement of the money contemplated in Clause 12 EVEN IF IT IS UNLAWFUL FOR BIDCON TO CLAIM THE MONEY

Notwithstanding that a contract must be for a lawful purpose, and not promote any unlawfullness, This agreement says "Oh well we will pay you back even if it is unlawful to do so .

Absolute bloody madness [email protected]

CB

12.1

(d) Central has received external legal and financial advice in relation to this
clause 12 and represents to BidCo that:

(i) it concluded that it was reasonable and appropriate for Central to
agree to the matters set out in this clause 12 in order to secure
BidCo’s participation in the Proposed Transaction; and

(ii) Central will not seek to resist payment of any part of the moneys
contemplated by this clause 12 on the basis that any part of the
payment would be unlawful.