Common use of During the Development Period Clause in Contracts

During the Development Period. (1) To comply each Year with a minimum percentage of national content of the value of all the items indicated in the Methodology which have been purchased or contracted for Petroleum Activities during the Development Period, which shall constitute at least twenty-five percent (25%) in the first Year of the Development Period, and shall increase annually at a constant rate until the Year 2025 when it shall constitute at least thirty-five percent (35%), which shall be verified annually by the Ministry of Economy in accordance with such Methodology and the Applicable Laws; (2) To include in its proposed Development Plan a compliance program for the above-referenced minimum percentage of national content, and a technology transfer program including the applicable periods and stages, in order for CNH in consultation with the Ministry of Economy to grant or deny its approval pursuant to Article 6.2, it being understood that once approved it will be part of this Contract and shall be considered an obligation of the Contractor. The obligations relating to national content will commence upon approval of the Development Plan, and (3) Beginning in the Year 2025, the items indicated in the above- referenced Methodology shall constitute at least thirty-five percent (35%) of the value of all the of the above-mentioned items which have been purchased or contracted for the Petroleum Activities, without prejudice to the fact that this minimum average percentage of national content will be revised pursuant to Transitory Article Twenty-Four of the Hydrocarbons Law.

During the Development Period. (1) To comply each Year with a minimum percentage of national content of the value of all the items indicated in the Methodology which have been purchased or contracted for Petroleum Activities during the Development Period, which shall constitute annually increase at least a constant rate starting at twenty-five percent (25%) in the first Year of the Development Period, and shall increase annually at a constant rate until the Year 2025 when it shall constitute at least thirty-five percent (35%), which shall be verified annually by the Ministry of Economy in accordance with such Methodology and the Applicable Laws; (2) To include in its proposed Development Plan a compliance program for the above-referenced minimum percentage of national content, and a technology transfer program including the applicable periods and stages, in order for CNH CNH, in consultation with the Ministry of Economy to grant or deny its approval pursuant to Article 6.2, it being understood in the understanding that once approved it will be part of this Contract and shall be considered an obligation of the Contractor. The obligations relating to national content will commence upon approval of the Development Plan, and (3) Beginning in the Year 2025, the items indicated in the above- referenced Methodology shall constitute at least thirty-five percent (35%) of the value of all the of the above-mentioned items which have been purchased or contracted for the Petroleum Activities, without prejudice to the fact that this minimum average percentage of national content will be revised pursuant to Transitory Article Twenty-Four of the Hydrocarbons Law.

During the Development Period. (1) To comply each Year with a minimum percentage of national content of the value of all the items indicated in the Methodology which have been purchased or contracted for Petroleum Activities during the Development Period, which shall constitute annually increase at least a constant rate starting at twenty-five percent (25%) in the first Year of the Development Period, and shall increase annually at a constant rate Period until the Year 2025 when it shall constitute at least thirty-five percent (35%), which shall be verified annually by the Ministry of Economy in accordance with such Methodology and the Applicable Laws; (2) To include in its proposed Development Plan a compliance program for the above-referenced minimum percentage of national content, and a technology transfer program including the applicable periods and stages, in order for CNH CNH, in consultation with the Ministry of Economy Economy, to grant or deny its approval pursuant to Article 6.2, it being understood in the understanding that once approved it will be part of this Contract and shall be considered an obligation of the Contractor. The obligations relating to national content will commence upon approval of the Development Plan, and (3) Beginning in the Year 2025, the items indicated in the above- referenced Methodology shall constitute at least thirty-five percent (35%) of the value of all the of the above-mentioned items which have been purchased or contracted for the Petroleum Activities, without prejudice to the fact that this minimum average percentage of national content will be revised pursuant to Transitory Article Twenty-Four of the Hydrocarbons Law.

During the Development Period. (1) To comply each Year with a minimum percentage of national content of the value of all the items indicated in the Methodology which have been purchased or contracted for Petroleum Activities during the Development Period, which shall constitute at least twenty-five percent (25%) in the first Year of the Development Period, and shall increase annually at a constant rate until the Year 2025 when it shall constitute will amount to at least thirty-five percent (35%), which shall . Compliance will be verified annually by the Ministry of Economy in accordance with such Methodology and the Applicable Laws; (2) To include in its proposed Development Plan a compliance program for the above-referenced minimum percentage of national content, and as well as a program for technology transfer program transfer, including the applicable periods and stages, stages in order for CNH in consultation with the Ministry of Economy Economy, to grant or deny its approval pursuant to Article 6.25.2, it being understood that once approved it will be become part of this Contract and shall be considered an obligation of the Contractor. The obligations relating to national content will commence upon approval of the Development Plan, and (3) Beginning in the Year 2025, the items indicated in the above- referenced Methodology shall constitute at least thirty-five percent (35%) of the value of all the of the above-mentioned items which have been purchased or contracted for the Petroleum Activities, without prejudice to the fact that this minimum average percentage of national content will be revised pursuant to Transitory Article Twentytransitory article twenty-Four four of the Hydrocarbons Law.

During the Development Period. (1) To comply each Year with a minimum percentage of national content of the value of all the items indicated in the Methodology which have been purchased or contracted for Petroleum Activities during the Development Period, which shall constitute at least twenty-five percent (25%) in the first Year of the Development Period, and shall increase annually at a constant rate until the Year 2025 when it shall constitute at least thirty-five percent (35%), which shall be verified annually by the Ministry of Economy in accordance with such Methodology and the Applicable Laws; (2) To include in its proposed Development Plan a compliance program for the above-referenced minimum percentage of national content, and a technology transfer program including the applicable periods and stages, in order for CNH in consultation with the Ministry of Economy to grant or deny its approval pursuant to Article 6.2, it being understood that once approved it will be part of this Contract and shall be considered an obligation of the Contractor. The obligations relating to national content will commence upon approval of the Development Exploration Plan, and (3) Beginning in the Year 2025, the items indicated in the above- referenced Methodology shall constitute at least thirty-five percent (35%) of the value of all the of the above-mentioned items which have been purchased or contracted for the Petroleum Exploration and Extraction Activities, without prejudice to the fact that this minimum average percentage of national content will be revised pursuant to Transitory Article Twenty-Four of the Hydrocarbons Law.