Common use of Exploration Phase Clause in Contracts

Exploration Phase. a.1) three percent (3%), when expenditures range from 0 to R$5 million; a.2) two percent (2%), when expenditures range from R$5 to R$15 million; a.3) one percent (1%), when expenditures exceed R$15 million;

Exploration Phase. a.1) three percent (3%), when for expenditures range from 0 up to R$5 million; R$5,000,000.00 (five million Reais); a.2) two percent (2%), when for expenditures range from R$5 higher than R$5,000,000.00 (five million Reais) up to R$15 million; R$15,000,000.00 (fifteen million Reais); a.3) one percent (1%), when for expenditures exceed R$15 million;higher than R$15,000,000.00 (five million Reais).

Exploration Phase. a.1) three percent (3%), when expenditures range from 0 to R$5 million; a.2) two percent (2%), when expenditures range from R$5 to R$15 million; a.3) one percent (1%), when expenditures exceed R$15 million;

Exploration Phase. a.1) three percent (3%), when for expenditures range from 0 up to R$5 million; a.2) two percent R$5,000,000.00 (2%five million Reais), when expenditures range from R$5 to R$15 million; a.3) one percent (1%), when expenditures exceed R$15 million;

Exploration Phase. a.1) three percent (3%), when for expenditures range from 0 up to R$5 million; R$5,000,000.00 (five million Reais); a.2) two percent (2%), when for expenditures range from R$5 greater than R$5,000,000.00 (five million Reais) up to R$15 million; R$15,000,000.00 (fifteen million Reais); a.3) one percent (1%), when for expenditures exceed R$15 million;greater than R$15,000,000.00 (five million Reais).