Common use of ORGANIZATION OF THE CONSORTIUM Clause in Contracts

ORGANIZATION OF THE CONSORTIUM. The Consortium shall have its principal place of business in the city of _________ (Brasília, DF or Xxx xx Xxxxxxx, XX), Xxxxxx. The Consortium, as well as the execution of the subject matter of this Consortium Agreement and the use of the Common Assets, does not constitute a company between the Parties. SECTION FOUR – OPERATIONS MANAGEMENT – OPERATOR AND OPERATING COMMITTEE The parties elect __________ as leader of the Consortium and Operator, who accepts to work as such. The Operator is responsible for conducting and performing the Operations, by performing acts, entering into juristic acts, and representing the Consortium before ANP, the Federal, State, and Municipal Governments, as well as to third parties, as of the effective date of this Consortium Agreement. The Operating Committee shall be responsible for resolutions regarding management of the Consortium, which organization, competence, powers, fields of operation, composition, frequency of meetings, voting procedures, and matters specially subject to its resolution shall be defined in specific documents to be entered into by and between the Parties, as long as not contrary to the terms of the Production Sharing Agreement. Annex XI of the Production Sharing Agreement is an integral part of this Consortium Agreement. The Consortium’s decisions shall be approved by vote as established in Annex XI to the Production Sharing Agreement and according to the criteria, forms, and procedures established in specific documents, as long as not contrary to the terms of the Production Sharing Agreement and its annexes.

ORGANIZATION OF THE CONSORTIUM. The Consortium shall have its principal place of business in the city of _________ (Brasília, DF or Xxx xx Xxxxxxx, XX), Xxxxxx. The Consortium, as well as the execution of the subject matter of this Consortium Agreement and the use of the Common Assets, does not constitute a company between the Parties. SECTION FOUR – OPERATIONS MANAGEMENT – OPERATOR AND OPERATING COMMITTEE The parties elect __________ as Under article 4 of Law No. 12,351/2010 and CNPE Resolution No. 25/2017, Petrobras is the Operator and leader of the Consortium and Operator, who accepts to work as suchConsortium. The Operator is responsible for conducting and performing the Operations, by performing acts, entering into juristic acts, and representing the Consortium before ANP, the Federal, State, and Municipal Governments, as well as to third parties, as of the effective date of this Consortium Agreement. The Operating Committee shall be responsible for resolutions regarding management of the Consortium, which organization, competence, powers, fields of operation, composition, frequency of meetings, voting procedures, and matters specially subject to its resolution shall be defined in specific documents to be entered into by and between the Parties, as long as not contrary to the terms of the Production Sharing Agreement. Annex XI of the Production Sharing Agreement is an integral part of this Consortium Agreement. The Consortium’s decisions shall be approved by vote as established in Annex XI to the Production Sharing Agreement and according to the criteria, forms, and procedures established in specific documents, as long as not contrary to the terms of the Production Sharing Agreement and its annexes.

ORGANIZATION OF THE CONSORTIUM. The Consortium shall have its principal place of business in the city of _________ (Brasília, DF or Xxx xx XxxxxxxRio de Janeiro, XXRJ), XxxxxxBrazil. The Consortium, as well as the execution of the subject matter of this Consortium Agreement and the use of the Common Assets, does not constitute a company between the Parties. SECTION FOUR – OPERATIONS MANAGEMENT – OPERATOR AND OPERATING COMMITTEE The parties elect __________ as Under article 4 of Law No. 12,351/2010 and CNPE Resolution No. 25/2017, Petrobras is the Operator and leader of the Consortium and Operator, who accepts to work as suchConsortium. The Operator is responsible for conducting and performing the Operations, by performing acts, entering into juristic acts, and representing the Consortium before ANP, the Federal, State, and Municipal Governments, as well as to third parties, as of the effective date of this Consortium Agreement. The Operating Committee shall be responsible for resolutions regarding management of the Consortium, which organization, competence, powers, fields of operation, composition, frequency of meetings, voting procedures, and matters specially subject to its resolution shall be defined in specific documents to be entered into by and between the Parties, as long as not contrary to the terms of the Production Sharing Agreement. Annex XI of the Production Sharing Agreement is an integral part of this Consortium Agreement. The Consortium’s decisions shall be approved by vote as established in Annex XI to the Production Sharing Agreement and according to the criteria, forms, and procedures established in specific documents, as long as not contrary to the terms of the Production Sharing Agreement and its annexes.

ORGANIZATION OF THE CONSORTIUM. The Consortium shall have its principal place of business in the city of _________ (Brasília, Brasília – DF or Xxx xx Xxxxxxx, XXRio de Janeiro – RJ), XxxxxxBrazil. The Consortium, as well as the execution of the subject matter of this Consortium Agreement and the use of the Common Assets, does not constitute a company between the Parties. SECTION FOUR – OPERATIONS MANAGEMENT – OPERATOR AND OPERATING COMMITTEE The parties elect parts elect____________________ as leader of the Consortium and Operator, Operator who accepts to work as such. The Operator is responsible for conducting the conduct and performing execution of the Operations, by performing acts, entering into juristic acts, and representing the Consortium before ANP, the Federal, State, and Municipal Governments, as well as to third parties, as of the effective date of this Consortium Agreement. The Operating Committee shall be responsible for resolutions regarding management of the Consortium, which organization, competence, powers, fields of operation, composition, frequency of meetings, voting procedures, and matters specially subject to its resolution shall be defined in specific documents to be entered into by and between the Parties, as long as if not contrary to the terms of the Production Sharing Agreement. The Annex XI of the Production Sharing Agreement is I an integral integrant part of this Consortium Agreementagreement. The Consortium’s decisions shall be approved by vote as established in Annex XI to the Production Sharing Agreement and according to the criteria, formsmanners, and procedures established in specific documents, as long as if not contrary to the terms of the Production Sharing Agreement and its annexesAnnexes.

ORGANIZATION OF THE CONSORTIUM. The Consortium shall have its principal place of business in the city of _________ (Brasília, Brasília – DF or Xxx xx Xxxxxxx, XXRio de Janeiro – RJ), XxxxxxBrazil. The Consortium, as well as the execution of the subject matter of this Consortium Agreement and the use of the Common Assets, does not constitute a company between the Parties. SECTION FOUR – OPERATIONS MANAGEMENT – OPERATOR AND OPERATING COMMITTEE The parties elect parts elect____________________ as leader of the Consortium and Operator, Operator who accepts to work as such. The Operator is responsible for conducting the conduct and performing execution of the Operations, by performing acts, entering into juristic acts, and representing the Consortium before ANP, the Federal, State, and Municipal Governments, as well as to third parties, as of the effective date of this Consortium Agreement. The Operating Committee shall be responsible for resolutions regarding management of the Consortium, which organization, competence, powers, fields of operation, composition, frequency of meetings, voting procedures, and matters specially subject to its resolution shall be defined in specific documents to be entered into by and between the Parties, as long as if not contrary to the terms of the Production Sharing Agreement. The Annex XI of the Production Sharing Agreement is I an integral part of this Consortium Agreementagreement. The Consortium’s decisions shall be approved by vote as established in Annex XI to the Production Sharing Agreement and according to the criteria, formsmanners, and procedures established in specific documents, as long as if not contrary to the terms of the Production Sharing Agreement and its annexesAnnexes.