CLAUSE THREE Clause Samples

CLAUSE THREE. The STATE is granted a grace period in the payment of interest and amortization in the period from April to December 2016 and, from January to December 2017, only amortization. Single paragraph. Interest and amortization amounts for the period from April to December 2016, as well as amortization for the period from January to December 2017, will be added to the balance due on the respective due dates set forth in the Fourth Addendum.

CLAUSE THREE. The Parties agree that as of December 1, 2016 and for purposes of Annex TC-7 of the Framework Crude Services Agreement, Contracted Capacity for the 14” Ayacucho – G▇▇▇▇ and the 18” G▇▇▇▇ – Ayacucho systems shall be as follows: Contracted Capacity Use or Pay Use and Pay (*) The provisions set forth in Clause 5, Addendum No. 6, as to the release of capacity on these systems, is retained. When the 14” G▇▇▇▇ Ayacucho System is functioning in direction G▇▇▇▇ – Ayacucho, it will have a contracted capacity of 20,000 (23% S&P and 77% SoP) The Capacity offered for the 18” G▇▇▇▇ – Ayacucho system may be affected, depending upon the products Ecopetrol requests to be transported, without this implying a breach by CENIT. Said requests shall be reviewed and, if possible, defined under special agreements in each planning process. In the case of operating restrictions affecting the 14” Ayacucho – G▇▇▇▇ and/or the 8” Ayacucho – G▇▇▇▇ systems, the Parties agree that all or part of the barrels of the 8” Ayacucho – G▇▇▇▇ system may be transported through the 14” Ayacucho – G▇▇▇▇ system. Barrels transported under the conditions specified above on the 14” Ayacucho – G▇▇▇▇ system, and that exceed for one or more days of the service month the daily capacity initially proposed by ECOPETROL and accepted by CENIT for a specific month on that system shall be taken into consideration in determining monthly fulfillment of the SoP of the 8” Ayacucho – G▇▇▇▇ system. For invoicing purposes, these barrels shall at all times exceed the capacity initially proposed by ECOPETROL and accepted by CENIT on the 14” Ayacucho – G▇▇▇▇ system, shall be invoiced on the 14” Ayacucho – G▇▇▇▇ system, and shall be discounted from barrels to be invoiced under the SoP of the 8” Ayacucho – G▇▇▇▇ system.

CLAUSE THREE. The Second Party agrees to carry out the work plan attached to this contract, the content of which it declares to have full knowledge and understanding, accepting all conditions without reservations, from the aforementioned start date and on an exclusive dedication basis, pursuant to article 5 of the Research Fellowship ▇▇▇▇▇▇'s Statute.

CLAUSE THREE. Hours and Leave 3.1 The Employee’s working hours are outlined as follows: 3.1.1 The Employee shall work <<Service_Request_No_of_Days_Per_We ek>> days per week, the Employee’s normal working week shall be from <<Service_Request_Working_Week_From تازاجلإاو لمعلا تاعاس - ةثلاثلا ةداملا .3 فظوملا لمعي <<Service_Request_No_of_Days_P لمعلا عوبسأ أدبيو ،˝ايعوبسأ مايأ er_Week>> موي فظوملل يدايتعلاا <<Service_Request_Working_Week 1-1-3 >> to <<Service_Request_Working_Week_To>> and the Employee's normal working hours shall be <<Service_Request_Working_Hours>> per day (not to exceed 8 per day, excluding the break referred to in clause 3.1.3 below where applicable). 3.1.2 During the Holy month of Ramadan the Employee’s working hours shall be reduced from eight (8) hours per day to six (6) hours per day. The Employer reserves the right to vary the Employee’s start and/or finish time during Ramadan provided that the Employer gives the Employee at least one (1) week’s advance written notice. 3.1.3 If the Employee’s daily working hours exceed five (5) consecutive hours per day, the Employee is entitled to rest and prayer breaks of not less than one (1) hour in aggregate.

CLAUSE THREE. QUALITY: The typical quality of the S▇▇▇▇▇▇ Shared Risk Contract (CPR S▇▇▇▇▇▇), and the Guayuyaco Association Contract to be supplied shall have the following specifications: API SULFUR BSW % S▇▇ Lb/1000 Bls

CLAUSE THREE. This contract begins on the date of execution and will last until the end of the current financial year, being renewed for successive periods of one year, if not denounced by either Party, at least 30 (thirty ) days, in relation to the date of expiry of the initial term or of any renewal.

CLAUSE THREE. The host university undertakes to provide additional training in the language of its country.

CLAUSE THREE. Scope of the Assignment: THE ASSIGNEE for the fact of assigning the six per cent (6%) out of the fifty three per cent (53%) of the “Share Interests” on its behalf, - as shown in the table at the end of the immediately previous clause - , it bears full right on said percentage, the rights corresponding to the 6% included in the aforementioned “Agreement” and that correspond to THE ASSIGNOR, likewise producing the assignment of shares, rights, privileges, obligations and legal benefits inherent to the nature and conditions foreseen in the contract. In this way, one Phase 2 has started, the assignee starts to participate, in respect to its percentage, in every right and obligation derived therefrom. THE ASSIGNOR shall be responsible before THE ASIGNEE for the existence and validity of the “Share Agreement” of April twenty fifth (25th) of two thousand and seven (2007), entered into between PEI and WELL LOGGING, which caused the assignment in its favor by PEI in the “Share Interests” and that for this act, the 6% is assigned. THE ASSIGNOR shall also be responsible for the future compliance with the obligations of WELL LOGGING, for which THE ASSIGNEE shall notify the delay or the failure to comply of its obligations to THE ASSIGNOR, within the ten (10) days subsequent to the fact constituting the delay or the failure to comply.