Common use of THE APPLICABLE LAW Clause in Contracts

THE APPLICABLE LAW. 27.1 The validity, interpretation and implementation of the Contract shall be governed by the laws of the People's Republic of China. Failing the relevant provisions of the laws of the People's Republic of China for the interpretation or implementation of the Contract, the principles of the applicable laws widely used in CBM resources countries acceptable to the Parties shall be applicable. 27.2 If a material change occurs to the Contractor's economic benefits after the effective date of the Contract due to the promulgation of new laws, decrees, rules and regulations or any amendment to the applicable laws, decrees, rules and regulations of the People's Republic of China, the Parties shall consult promptly and make necessary revisions and adjustments to the relevant provisions of the Contract in order to maintain the Contractor's normal economic benefits hereunder.

THE APPLICABLE LAW. 27.1 28.1 The validity, interpretation and implementation of the Contract shall be governed by the laws of the People's ’s Republic of China. Failing the relevant provisions of the laws of the People's ’s Republic of China for the interpretation or implementation of the Contract, the principles of the applicable laws widely used in CBM resources petroleum resource countries acceptable to the Parties shall be applicable. 27.2 28.2 If a material change occurs to the Contractor's ’s economic benefits after the effective date of the Contract due to the promulgation of new laws, decrees, rules and regulations or any amendment to the applicable laws, decrees, rules and regulations of made by the People's ’s Republic of China, the Parties shall consult promptly and make necessary revisions and adjustments to the relevant provisions of the Contract in order to maintain the Contractor's normal ’s reasonable economic benefits hereunder.

THE APPLICABLE LAW. 27.1 The validity, interpretation and implementation of the Contract shall be governed by the laws of the People's ’s Republic of China. Failing the relevant provisions of the laws of the People's ’s Republic of China for the interpretation or implementation of the Contract, the principles of the applicable laws widely used in CBM resources countries acceptable to the Parties shall be applicable. 27.2 If a material change occurs to the Contractor's ’s economic benefits after the effective date of the Contract due to the promulgation of new laws, decrees, rules and regulations or any amendment to the applicable laws, decrees, rules and regulations of the People's ’s Republic of China, including any local governments, the Parties shall consult promptly and make necessary revisions and adjustments to the relevant provisions of the Contract in order to maintain the Contractor's ’s normal economic benefits hereunder.