Hope Shares Entitlement. Following the termination of the Concession Period for any Sub Project, the Government shall procure that the Original Sponsor (or its designee(s)) shall receive on 31 December of each year an amount (net of all Taxes and Duties) equal to one percent (1%) of the net income for the previous twelve months of each person Operating one or more relevant Sub Project Assets to the extent that such net income is attributable to such Sub Project Asset(s) (excluding any such time that occurred prior to the termination of such Concession Period); provided that the Original Sponsor (and its designee(s), if any) must use any net proceeds received pursuant to this Clause 17.4 solely for philanthropic purposes in order to support social and economic development (i) in Nicaragua or (ii) in the name of the citizens of Nicaragua throughout the world, as determined in each case by the Original Sponsor in its sole and absolute discretion.
