Common use of Adjustments to Financial Assurance Amounts Clause in Contracts

Adjustments to Financial Assurance Amounts. The Lessor reserves the right to adjust the amount of any financial assurance requirement (initial, supplemental, or decommissioning) associated with this lease and/or reassess the Lessee’s cumulative lease obligations, including decommissioning obligations, at any time. If the Lessee’s cumulative lease obligations and/or liabilities increase or decrease, the Lessor will notify the Lessee of any intended adjustment to the financial assurance requirements and provide the Lessee an opportunity to comment in accordance with applicable BOEM regulations. U.S. DEPARTMENT OF THE INTERIOR BUREAU OF OCEAN ENERGY MANAGEMENT The Lessee’s rights to conduct activities on the leased area are subject to the following terms, conditions, and stipulations. The Lessor reserves the right to impose additional terms, and conditions incident to the future approval or approval with modifications of plans, such as a Site Assessment Plan (SAP) or Construction and Operations Plan (COP). 1 DEFINITIONS 2 2 SCHEDULE 3 2.1 Site Characterization 3 2.2 Progress Reporting 4 3 NATIONAL SECURITY AND MILITARY OPERATIONS 4 3.1 Hold and Save Harmless 4 3.2 General Coordination with Command Headquarters 5 3.3 Evacuation or Suspension of Activities 5

Adjustments to Financial Assurance Amounts. The Lessor reserves the right to adjust the amount of any financial assurance requirement (initial, supplemental, supplemental or decommissioning) associated with this lease and/or reassess the Lessee’s cumulative lease obligations, including decommissioning obligations, at any time. If the Lessee’s cumulative lease obligations and/or liabilities increase or decrease, the Lessor will notify the Lessee of any intended adjustment to the financial assurance requirements and provide the Lessee an opportunity to comment in accordance with applicable BOEM regulations. U.S. DEPARTMENT OF THE INTERIOR BUREAU OF OCEAN ENERGY MANAGEMENT The Lessee’s rights to conduct activities on the leased area are subject to the following terms, conditions, and stipulations. The Lessor reserves the right to impose additional terms, terms and conditions incident to the future approval or approval with modifications of plans, such as a Site Assessment Plan (SAP) or Construction and Operations Plan (COP). 1 DEFINITIONS 2 2 SCHEDULE 3 2.1 Site Characterization 3 2.2 Progress Reporting 4 3 NATIONAL SECURITY AND MILITARY OPERATIONS 4 4 3.1 Hold and Save Harmless 4 3.2 General Coordination with Command Headquarters 5 3.3 Evacuation or Suspension of Activities 5

Adjustments to Financial Assurance Amounts. The Lessor reserves the right to adjust the amount of any financial assurance requirement (initial, supplemental, or decommissioning) associated with this lease and/or reassess the Lessee’s cumulative lease obligations, including decommissioning obligations, at any time. If the Lessee’s cumulative lease obligations and/or liabilities increase or decrease, the Lessor will notify the Lessee of any intended adjustment to the financial assurance requirements and provide the Lessee an opportunity to comment in accordance with applicable BOEM regulations. U.S. DEPARTMENT OF THE INTERIOR BUREAU OF OCEAN ENERGY MANAGEMENT The Lessee’s rights to conduct activities on the leased area are subject to the following terms, conditions, and stipulations. The Lessor reserves the right to impose additional terms, and conditions incident to the future approval or approval with modifications of plans, such as a Site Assessment Plan (SAP) or Construction and Operations Plan (COP). 1 DEFINITIONS 2 2 SCHEDULE 3 2.1 Site Characterization 3 2.2 Progress Reporting 4 3 NATIONAL SECURITY AND MILITARY OPERATIONS 4 3.1 Hold and Save Harmless 4 3.2 General Coordination with Command Headquarters 5 3.3 Evacuation or Suspension of Activities 5

Adjustments to Financial Assurance Amounts. The Lessor reserves the right to adjust the amount of any financial assurance requirement (initial, supplemental, or decommissioning) associated with this lease and/or reassess the Lessee’s cumulative lease obligations, including decommissioning obligations, at any time. If the Lessee’s cumulative lease obligations and/or liabilities increase or decrease, the Lessor will notify the Lessee of any intended adjustment to the financial assurance requirements and provide the Lessee an opportunity to comment in accordance with applicable BOEM regulations. U.S. DEPARTMENT OF THE INTERIOR BUREAU OF OCEAN ENERGY MANAGEMENT The Lessee’s rights to conduct activities on the leased area are subject to the following terms, conditions, and stipulations. The Lessor reserves the right to impose additional terms, terms and conditions incident to the future approval or approval with modifications of plans, such as a Site Assessment Plan (SAP) or Construction and Operations Plan (COP). 1 DEFINITIONS 2 2 SCHEDULE 3 2.1 Site Characterization 3 2.2 Progress Reporting 4 3 NATIONAL SECURITY AND MILITARY OPERATIONS 4 4 3.1 Hold and Save Harmless 4 3.2 General Coordination with Command Headquarters 5 3.3 Evacuation or Suspension of Activities 5

Adjustments to Financial Assurance Amounts. The Lessor reserves the right to adjust the amount of any financial assurance requirement (initial, supplemental, supplemental or decommissioning) associated with this lease and/or reassess the Lessee’s cumulative lease obligations, including decommissioning obligations, at any time. If the Lessee’s cumulative lease obligations and/or liabilities increase or decrease, the Lessor will notify the Lessee of any intended adjustment to the financial assurance requirements and provide the Lessee an opportunity to comment in accordance with applicable BOEM regulations. U.S. DEPARTMENT OF THE INTERIOR BUREAU OF OCEAN ENERGY MANAGEMENT The Lessee’s rights to conduct activities on the leased area are subject to the following terms, conditions, and stipulations. The Lessor reserves the right to impose additional terms, terms and conditions incident to the future approval or approval with modifications of plans, such as a Site Assessment Plan (SAP) or Construction and Operations Plan (COP). 1 DEFINITIONS 2 2 SCHEDULE 3 2.1 Site Characterization 3 2.2 Progress Reporting 4 3 NATIONAL SECURITY AND MILITARY OPERATIONS 4 4 3.1 Hold and Save Harmless 4 3.2 General Coordination with Command Headquarters 5 3.3 Evacuation or Suspension of Activities 5