Common use of Confidentiality of the information Clause in Contracts

Confidentiality of the information. The Parties agree that all data and information produced, obtained or developed as a result of the operations under this Agreement are considered to be strictly confidential during the five (5) following calendar Years, starting as of the end of the calendar Year in which they are produced, obtained or developed, or until termination of the Agreement or upon the partial relinquishment of the area, regarding the information acquired in those relinquished areas, whichever occurs first. For interpretations based on data from the operations performed under this Agreement, the term will be twenty (20) calendar years, counted as of the date of the obligation to relinquish to XXX or upon termination of the Agreement or the partial relinquishment of areas regarding the information acquired in the relinquished areas, whatever shall occur first. This stipulation does not apply to data or information the Parties must provide in accordance with legal provisions or regulations in force, nor those required by its affiliates, consultants, contractors, auditors, legal advisors, financial institutions and competent authorities having venue over the Parties or their affiliates, or due to the regulations of any stock exchange in which the shares of THE CONTRACTOR or its related parties are listed; however, the delivery of information must be notified to the other Party. Restrictions on the disclosure of information will not prevent THE CONTRACTOR from supplying data or information to companies interested in the eventual assignment of rights regarding the Contract Area, provided that such companies sign the corresponding confidentiality agreement that fulfills the stipulations contained in this clause. XXX agrees to refrain from delivering to third parties any information or data obtained as a result of THE CONTRACTOR’s operations, except as necessary to comply with some legal provision applicable to XXX, or in the normal course of its duties. For the remaining cases, XXX will require prior authorization by THE CONTRACTOR.

Confidentiality of the information. The Parties parties agree that all data and information produced, obtained or developed as a result of the operations under in this Agreement Contract are considered to be as strictly confidential during the five (5) following calendar Years, starting as of Calendar Years after the end of the calendar Calendar Year in which they are were produced, obtained or developed, or until termination the end of the Agreement Contract or upon at the time of the partial relinquishment devolution of the area, area regarding the information acquired in those relinquished the returned areas, whichever occurs comes first. For interpretations the construal based on the data from obtained as a result of the operations performed under in this Agreementcontract, the this term will shall be of twenty (20) calendar years, counted Calendar Years as of the date of the obligation to relinquish deliver it to XXX the XXX, or upon termination until the end of the Agreement contract or at the time of the partial relinquishment devolution of areas regarding the information data acquired in the relinquished Returned areas, whatever shall occur whichever comes first. This stipulation does shall not apply to the data or information that the Parties must provide in accordance with furnish according to the legal and regulatory provisions or regulations in force, nor or to those required by its affiliatessubsidiaries, consultants, contractors, auditors, legal advisors, financial institutions entities and competent authorities having venue over with jurisdiction on the Parties parties or their affiliatessubsidiaries, or due to by provisions of the regulations of any stock exchange exchanges in which the CONTRACTOR’S shares or those of THE CONTRACTOR or its related parties affiliated companies are listedregistered; however, it must communicate the delivery of information must be notified to the other Party. Restrictions on The restrictions to the disclosure of information will shall not prevent THE The CONTRACTOR from supplying data or information to companies interested in the an eventual assignment of rights regarding the Contract Area, Contracted Area and provided that such those companies sign enter into the corresponding relevant confidentiality Certified Translation of a document originally in Spanish 13 February 2013 The undersigned translator assumes no responsibility whatsoever for the contents or authenticity of the document(s) submitted for translation CHAZA HYDROCARBONS’ EXPLORATION AND EXPLOITATION AGREEMENT agreement that fulfills enforcing the stipulations contained in provisions of this clause. The XXX agrees commits not to refrain from delivering give to third parties any data or information or data obtained as a result of THE the operations pursued by the CONTRACTOR’s operations, except as necessary excepting whenever it is required to comply with some any legal provision applicable to the XXX, or in the normal course of pursuant to its duties. For the remaining In all other cases, the XXX will shall require the prior authorization by THE of the CONTRACTOR.

Confidentiality of the information. The Parties agree that all data and information which are produced, obtained obtained, or developed Developed as a result of the operations under per this Agreement contract, are considered to be strictly confidential during the next five (5) following calendar Years, starting as of years beginning at the end of the calendar Calendar Year in which they are have been produced, obtained obtained, or developed, or until the termination of the contract; or until the moment of partial return of area, regarding information required on returned areas, whichever occurs first. Regarding interpretations based upon the data obtained as a result of the operations per this contract, such term shall be twenty (20) years, from the date of the obligation of delivery to the XXX, or until termination of the Agreement contract, or upon the partial relinquishment return of the areaareas, regarding the information acquired in those relinquished within returned areas, whichever occurs first. For interpretations based on data from the operations performed under this Agreement, the term will be twenty (20) calendar years, counted as of the date of the obligation to relinquish to XXX or upon termination of the Agreement or the partial relinquishment of areas regarding the information acquired in the relinquished areas, whatever shall occur first. This stipulation does shall not apply be applied to data or of information that the Parties parties must provide disclose as set forth in accordance with legal provisions or regulations stipulations in forceeffect, nor those to data required by its their affiliates, consultants, contractorsCONTRACTORS, auditors, and legal advisorscounselors, financial institutions entities, and competent authorities having venue over jurisdiction on the Parties or their affiliates, or due to the regulations by stipulations of any stock exchange in which the shares of THE CONTRACTOR or its related parties are listedaffiliates might be registered; howevernevertheless, the delivery of information must such disclosure shall be notified reported to the other Party. Restrictions on the disclosure of information will shall not prevent THE keep the CONTRACTOR from supplying furnishing data or information orinformation to companies interested in the an eventual assignment of rights regarding in relation to the Contract Contracted Area, provided that such companies sign the corresponding due confidentiality agreement that fulfills the stipulations contained in this clausewhich shall enforce compliance pursuant hereto. The XXX agrees commits not to refrain from delivering deliver to third parties any data or information or data that might be obtained as a result of THE the operations carried out by the CONTRACTOR’s operations, except as unless such delivery should be necessary to comply with some a legal provision stipulation which is applicable to XXX, or in the normal course of carrying out its duties. For In all other case, the remaining cases, XXX will shall require prior previous authorization by THE from the CONTRACTOR.