Common use of Relinquishment of the Contract Area Clause in Contracts

Relinquishment of the Contract Area. 5.1 The Contractor shall relinquish a portion or portions of the Contract Area in accordance with the following provisions: 5.1.1 In any of the following cases, the Contractor shall relinquish the remaining Contract Area, except for any Development Area, a possible or proposed Development Area and/or Production Area: (a) at the expiration of the last phase of the exploration period (including extensions) as mentioned in Article 4.2 hereof; or (b) at the expiration of the said exploration phase if the Contractor exercises its option under Article 6.3 (b) hereof; or (c) at the expiration of the extended period, in the event that the exploration period is extended in accordance with Article 4.3 or Article 24 hereof. 5.1.2 In the execution of Article 5.1.1 herein, a Production Area and/or Development Area or any area proposed by Contractor corresponding to a CBM Discovery with a possibility of or potential for Pilot Development or awaiting Pilot Development and/or under a Pilot Development or included in an Overall Development Program awaiting approval, shall not be regarded as an area to be relinquished. 5.1.3 At the expiration of the production period of any CBM Field as specified in Article 4.5 hereof, such CBM Field within the Contract Area shall be excluded from the Contract Area. 5.2 Within ninety (90) days prior to the date of relinquishment of the Contract Area, the Contractor shall submit to CUCBM a report on its completed Exploration Operations on the areas proposed to be relinquished, including a map showing the proposed areas to be relinquished with the geographic location and the coordinates of the connecting points of the boundary lines. 5.3 In the exploration period, the Contractor shall bear the fee for CBM exploration rights of the Contract Area to be paid in accordance with the relevant laws and regulations of the People's Republic of China. In the development period and production period, CUCBM and the Contractor shall, in proportion to their respective participating interests, bear the fee for CBM mining rights of the Development Area and Production Area paid in accordance with relevant laws and regulations of the People's Republic of China. The fees for CBM exploration and mining rights shall be paid and are cost recoverable pursuant to Article 5.2.20 of Annex II hereof.

Relinquishment of the Contract Area. 5.1 The Contractor shall relinquish a portion or portions of the Contract Area in accordance with the following provisions: 5.1.1 In any of the following cases, the Contractor shall relinquish the remaining Contract Area, except for any Development Area, a possible or proposed Development Area and/or Production Area: (a) at the expiration of the last phase of the exploration period (including extensions) as mentioned in Article 4.2 hereof; or (b) at the expiration of the said exploration phase if the Contractor exercises its option under Article 6.3 (b) hereofof the Contract; or (c) at the expiration of the extended period, in the event that the exploration period is extended in accordance with the first paragraph of Article 4.3 or Article 24 hereof. 5.1.2 In the execution of ArticleArticles 5. 5.1.1 1.1 herein, a Production Area and/or Development Area or any an area proposed by Contractor corresponding to a CBM Discovery with a possibility of or potential for Pilot Development or awaiting Pilot Development and/or under a Pilot Development or included in an Overall Development Program awaiting approval, shall not be regarded as an area to be relinquished. 5.1.3 At the expiration of the its production period of any CBM Field as specified in Article 4.5 hereof, such CBM Field within the Contract Area shall be excluded from the Contract Area. 5.2 Within ninety (90) days prior to the date of relinquishment of the Contract Area, the Contractor shall submit to CUCBM a report on its completed Exploration Operations on the areas proposed to be relinquished, including a map showing the proposed areas to be relinquished with the geographic location and the coordinates of the connecting points of the boundary lines. 5.3 In the exploration period, the Contractor shall bear the fee for CBM exploration rights right of the Contract Area to be paid in accordance with the relevant laws and regulations of the People's ’s Republic of China. In the development period and production period, CUCBM and the Contractor shall, in proportion to their respective participating interests, bear the fee for CBM mining rights right of the Development Area and Production Area paid in accordance with relevant laws and regulations of the People's ’s Republic of China. The Herein so-called the fees for CBM exploration and mining rights shall be paid and are cost recoverable pursuant to Article 5.2.20 of Annex II hereof.

Relinquishment of the Contract Area. 5.1 The Contractor shall relinquish a portion or portions of the Contract Area Ar­ea in accordance with the following provisions: 5.1.1 In any of the following cases, the Contractor shall relinquish the remaining re­main­ing Contract Area, except for any Development Area, a possible or proposed Development Area and/or Production Area: (a) at the expiration of the last phase of the exploration period (including extensions) as mentioned men­tioned in Article 4.2 hereof; or (b) at the expiration of the said exploration phase if the Contractor exercises its option under Article 6.3 6.3 (ba) hereofof the Contract; or (c) at the expiration of the extended period, in the event that the exploration explo­ration period is extended in accordance with Article the first paragraph of Arti­cle 4.3 or Article 24 hereof. 5.1.2 In the execution of Article Articles 5.1.1 herein, a Production Area and/or Development Area or any an area proposed by Contractor corresponding to a CBM Discovery Dis­covery with a possibility of or potential for Pilot Development or awaiting Pilot Development and/or under a Pilot Development or included in an Overall Development Devel­opment Program awaiting approval, shall not be regarded as an area to be relinquishedrelin­quished. 5.1.3 At the expiration of the its production period of any CBM Field as specified in Article 4.5 hereof, such CBM Field within the Contract Area shall be excluded from the Contract Area. 5.2 Within ninety (90) days prior to the date of relinquishment of the Contract Area, the Contractor shall submit to CUCBM a report on its completed Exploration com­pleted Ex­ploration Operations on the areas proposed to be relinquished, including a map showing the proposed areas to be relinquished with the geographic location and the coordinates of the connecting points of the boundary lines. 5.3 In the exploration period, the Contractor shall bear the fee for CBM exploration rights right of the Contract Area to be paid in accordance with the relevant laws and regulations of the People's ’s Republic of China. In the development period and production period, CUCBM and the Contractor shall, in proportion to their respective participating interests, bear the fee for CBM mining rights right of the Development Area and Production Area paid in accordance with relevant laws and regulations of the People's ’s Republic of China. The Herein so-called the fees for CBM exploration and mining rights shall be paid and are cost recoverable pursuant to Article 5.2.20 of Annex II hereof.

Relinquishment of the Contract Area. 5.1 The Contractor shall relinquish a portion or portions of the Contract Area in accordance with the following provisions:: <PAGE> 5.1.1 In any of the following cases, the Contractor shall relinquish the remaining Contract Area, except for any Development Area, a possible or proposed Development Area and/or Production Area: (a) at the expiration of the last phase of the exploration period (including extensions) as mentioned in Article 4.2 hereof; or (b) at the expiration of the said exploration phase if the Contractor exercises its option under Article 6.3 (b) hereof; or (c) at the expiration of the extended period, in the event that the exploration period is extended in accordance with Article 4.3 or Article 24 hereof. 5.1.2 In the execution of Article Article 5.1.1 herein, a Production Area and/or Development Area or any area proposed by Contractor corresponding to a CBM Discovery with a possibility of or potential for Pilot Development or awaiting Pilot Development and/or under a Pilot Development or included in an Overall Development Program awaiting approval, shall not be regarded as an area to be relinquished. 5.1.3 At the expiration of the production period of any CBM Field as specified in Article 4.5 hereof, such CBM Field within the Contract Area shall be excluded from the Contract Area. 5.2 Within ninety (90) days prior to the date of relinquishment of the Contract Area, the Contractor shall submit to CUCBM a report on its completed Exploration Operations on the areas proposed to be relinquished, including a map showing the proposed areas to be relinquished with the geographic location and the coordinates of the connecting points of the boundary lines. 5.3 In the exploration period, the Contractor shall bear the fee for CBM exploration rights of the Contract Area to be paid in accordance with the relevant laws and regulations of the People's Republic of China. In the development period and production period, CUCBM and the Contractor shall, in proportion to their respective participating interests, bear the fee for CBM mining rights of the Development Area and Production Area paid in accordance with relevant laws and regulations of the People's Republic of China. The fees for CBM exploration and mining rights shall be paid and are cost recoverable pursuant to Article 5.2.20 of Annex II hereof.

Relinquishment of the Contract Area. 5.1 The Contractor shall relinquish a portion or portions of the Contract Area Ar­ea in accordance with the following provisions: 5.1.1 In any of the following cases, the Contractor shall relinquish the remaining re­main­ing Contract Area, except for any Development Area, a possible or proposed Development Area and/or Production Area: (a) at the expiration of the last phase of the exploration period (including extensions) as mentioned men­tioned in Article 4.2 hereof; or (b) at the expiration of the said exploration phase if the Contractor exercises its option under Article 6.3 (b) hereofof the Contract; or (c) at the expiration of the extended period, in the event that the exploration explo­ration period is extended in accordance with Article the first paragraph of Arti­cle 4.3 or Article 24 hereof. 5.1.2 In the execution of Article Articles 5.1.1 herein, a Production Area and/or Development Area or any an area proposed by Contractor corresponding to a CBM Discovery Dis­covery with a possibility of or potential for Pilot Development or awaiting Pilot Development and/or under a Pilot Development or included in an Overall Development Devel­opment Program awaiting approval, shall not be regarded as an area to be relinquishedrelin­quished. 5.1.3 At the expiration of the its production period of any CBM Field as specified in Article 4.5 hereof, such CBM Field within the Contract Area shall be excluded from the Contract Area. 5.2 Within ninety (90) days prior to the date of relinquishment of the Contract Area, the Contractor shall submit to CUCBM a report on its completed Exploration com­pleted Ex­ploration Operations on the areas proposed to be relinquished, including a map showing the proposed areas to be relinquished with the geographic location and the coordinates of the connecting points of the boundary lines. 5.3 In the exploration period, the Contractor shall bear the fee for CBM exploration rights right of the Contract Area to be paid in accordance with the relevant laws and regulations of the People's ’s Republic of China. In the development period and production period, CUCBM and the Contractor shall, in proportion to their respective participating interests, bear the fee for CBM mining rights right of the Development Area and Production Area paid in accordance with relevant laws and regulations of the People's ’s Republic of China. The fees for CBM exploration and mining rights shall be paid and are cost recoverable pursuant to Article 5.2.20 of Annex II hereofXX xxxxxf.