The Escrow Agreement permits PetroHunter to sell, transfer or dispose of up to $6,000,000 worth of Common Shares on the TSXV in any calendar month until the date that is four months and one day following the closing of the Beetaloo Basin Transaction. However, PetroHunter may sell, transfer or dispose of its interest through means other than on the TSXV, provided that the purchaser of such Common Shares does not have beneficial ownership of, over which control or direction is exercise, directly or indirectly as a result of such sale, more than 10% of the issued and outstanding Common Shares.