Common use of Social Projects Clause in Contracts

Social Projects. The Contractor commits to undertake social projects during each phase of the Exploration Period valued at a minimum of the amounts below: - Phase I: Three Hundred Thousand United States dollars per year (U.S $300,000) for a total of Xxx Xxxxxxx Xxx Xxxxxxx Xxxxxxxx Xxxxxx Xxxxxx dollars (U.S $1,200,000); - Xxxxx XX: Xxxx Xxxxxxx Xxxxxxxx Xxxxxx Xxxxxx dollars per year (U.S $500,000) for a total of One Million United States dollars ((U.S $1,000,000); - Phase III: Four Hundred Thousand United States dollars per year (U.S $ 400,000) for a total of Eight Hundred Thousand United States dollars (U.S $800,000). If Petroleum is produced from the Contract Area, the Contractor shall undertake additional social projects according to the following schedule:

Social Projects. The Contractor commits to undertake social projects during each phase of the Exploration Period valued at a minimum of the amounts below: - Phase I: Three Four Hundred Thousand United States dollars per year (U.S $300,000) for a total of Xxx Xxxxxxx Xxx Xxxxxxx Xxxxxxxx Xxxxxx Xxxxxx dollars (U.S $1,200,000); - Xxxxx XX: Xxxx Xxxxxxx Xxxxxxxx Xxxxxx Xxxxxx dollars per year (U.S $500,000400,000) for a total of One Million Six Hundred Thousand United States dollars ((U.S $1,000,0001,600,000); - Phase IIIII: Four Three Hundred and Fifty Thousand United States dollars per year (U.S $ 400,000$350,000) for a total of Eight Seven Hundred Thousand United States dollars (U.S $800,000700,000); - Phase III: Three Hundred and Fifty Thousand United States dollars per year (U.S $350,000) for a total of Seven Hundred Thousand United States dollars (U.S $700,000). If Petroleum is produced from the Contract Area, the Contractor shall undertake additional social projects according to the following schedule:

Social Projects. The Contractor commits to undertake social projects during each phase of the Exploration Period valued at a minimum of the amounts below: - Phase I: Three Four Hundred Thousand United States dollars per year (U.S $300,000400,000) for a total of Xxx Xxxxxxx Xxx Xxxxxxx Xxxxxxxx Xxxxxx Xxxxxx dollars (U.S $1,200,000); - Xxxxx XX: Xxxx Xxxxxxx Xxxxxxxx Xxxxxx Xxxxxx dollars per year (U.S $500,000) for a total of One Million United States dollars ((U.S $1,000,0001,600,000); - Phase IIIII: Four Three Hundred and Fifty Thousand United States dollars per year (U.S $ 400,000$350,000) for a total of Eight Seven Hundred Thousand United States dollars (U.S $800,000700,000); - Phase III: Three Hundred and Fifty Thousand United States dollars per year (U.S $350,000) for a total of Seven Hundred Thousand United States dollars (U.S $700,000). If Petroleum is produced from the Contract Area, the Contractor shall undertake additional social projects according to the following schedule:

Social Projects. The Contractor commits to undertake social projects during each phase of the Exploration Period valued at a minimum of the ofthe amounts below: - Phase I: Three Xxx Xxxxxxx Xxxxx Xxxxxxxx Xxxxxx Xxxxxx dollars per year (U.S $150,000) for a total of Six Hundred Thousand United States dollars (U.S $600,000); Phase 11: Two Hundred Thousand United States dollars per year (U.S $300,000200,000) for a total of Xxx Xxxxxxx Xxx Xxxxxxx Xxxxxxxx Xxxxxx Xxxxxx Four Hundred Thousand United States dollars (U.S $1,200,000400,000); - Xxxxx XX: Xxxx Xxxxxxx Xxxxxxxx Xxxxxx Xxxxxx dollars per year (U.S $500,000) for a total of One Million United States dollars ((U.S $1,000,000); - Phase III: Four Two Hundred Thousand United States dollars per year (U.S $ 400,000$200,000) for a total of Eight ofFour Hundred Thousand United States dollars (U.S $800,000400,000). If Petroleum is produced from the Contract Area, the Contractor shall undertake additional social projects according to the following schedule:: Cumulative Production (millions of BarreIs or Value (US$ million) of Project