Common use of Qualitative Factors Clause in Contracts

Qualitative Factors. Business operations that represent an appropriate spread of risk and “fit” within a mutual framework. • Legal entities whose energy operations and investments represent carried interests or the equivalent will generally not be considered eligible. • Prospective members conducting joint venture operations with other Everen members and, in particular, acting in the role of operator of such joint ventures will, in general, be viewed favorably. • Demonstrated track record of maintaining world-class health, environment and safety standards. Xxxxxxxx, Bermuda December, 2020

Qualitative Factors.  Business operations that represent an appropriate spread of risk and “fit” within a mutual framework. •  Legal entities whose energy operations and investments represent carried interests or the equivalent will generally not be considered eligible. •  Prospective members conducting joint venture operations with other Everen OIL members and, in particular, acting in the role of operator of such joint ventures will, in general, be viewed favorably. •  Demonstrated track record of maintaining world-class health, environment and safety standards. Xxxxxxxx, Bermuda December, 2020

Qualitative Factors. Business operations that represent an appropriate spread of risk and “fit” within a mutual framework. • Legal entities whose energy operations and investments represent carried interests or the equivalent will generally not be considered eligible. • Prospective members conducting joint venture operations with other Everen members and, in particular, acting in the role of operator of such joint ventures will, in general, be viewed favorably. • Demonstrated track record of maintaining world-class health, environment and safety standards. XxxxxxxxJuly 19, Bermuda December, 20202023

Qualitative Factors. Business operations that represent an appropriate spread of risk and “fit” within a mutual framework. • Legal entities whose energy operations and investments represent carried interests or the equivalent will generally not be considered eligible. • Prospective members conducting joint venture operations with other Everen OIL members and, in particular, acting in the role of operator of such joint ventures will, in general, be viewed favorably. • Demonstrated track record of maintaining world-class health, environment and safety standards. Xxxxxxxx, Bermuda December, 2020

Qualitative Factors. Business operations that represent an appropriate spread of risk and “fit” within a mutual framework. • Legal entities whose energy operations and investments represent carried interests or the equivalent will generally not be considered eligible. • Prospective members conducting joint venture operations with other Everen members and, in particular, acting in the role of operator of such joint ventures will, in general, be viewed favorably. • Demonstrated track record of maintaining world-class health, environment and safety standards. XxxxxxxxHamilton, Bermuda December, 2020

Qualitative Factors. Business operations that represent an appropriate spread of risk and “fit” within a mutual framework. • Legal entities whose energy operations and investments represent carried interests or the equivalent will generally not be considered eligible. • Prospective members conducting joint venture operations with other Everen OIL members and, in particular, acting in the role of operator of such joint ventures will, in general, be viewed favorably. • Demonstrated track record of maintaining world-class health, environment and safety standards. XxxxxxxxHamilton, Bermuda December, 2020