Rialto Energy Limited has entered into an agreement with Vantage Drilling Company regarding payment terms in relation to the early termination of the contract regarding the Vantage Sapphire Drilling Rig. Under the settlement, Rialto will pay Vantage an amount equal to 75 days of operating rate, being USD 12.375 million in aggregate. The company has already paid USD 4.95 million under the terms of the rig contract, leaving a final payment of USD 7.425 million, which will be paid in two tranches - the first tranche of USD 5.425 million paid and the second payment of USD 2 million on the earlier of 90 days from May 1, 2013 or five business days from the completion by Rialto of an equity capital raising.