Common use of Exploration Period Clause in Contracts

Exploration Period. The Exploration Period shall have a duration of six (6) Years and three (3) Months as of the Effective Date and shall be divided into the phases described below. The first phase of the Exploration Period shall begin on the Effective Date and the following phases on the Calendar Day immediately following termination of the previous phase: Phase 1 for a period of fifteen (15) months Phase 2 for a period of twelve (12) months Phase 3 for a period of twelve (12) months Phase 4 for a period of twelve (12) months Phase 5 for a period of twelve (12) months Phase 6 for a period of twelve (12) months

Exploration Period. The Exploration Period shall have a duration of last six (6) Years and three (3) Months years as of the Effective Date and shall be is divided into in the phases described below. The first phase of the Exploration Period shall begin starts on the Effective Date and the following subsequent phases start on the Calendar Day calendar day immediately following termination after the end of the previous preceding phase: . Phase 1 for 1, with a period of twelve – month (12) term; Phase 2, with a fifteen – month (15) months term; Phase 2 for 3, with a period of fifteen – month (15) term; Phase 4, with a twelve – month (12) months term; Phase 3 for 5, with a period of twelve – month (12) months term; Phase 4 for 6, with a period of twelve six – month (126) months Phase 5 for a period of twelve (12) months Phase 6 for a period of twelve (12) monthsterm;

Exploration Period. The Exploration Period shall have a duration of will last for six (6) Years and three (3) Months as of from the Effective Date and shall be divided into the phases described below. The first phase of the Exploration Period shall begin commences on the Effective Date and the following phases on the Calendar Day immediately following termination the end of the previous preceding phase: Phase 1 for a period of fifteen (15) lasting months Phase 2 for a period of twelve (12) lasting months Phase 3 for a period of twelve (12) lasting months Phase 4 for a period of twelve (12) lasting months Phase 5 for a period of twelve (12) months Phase 6 for a period of twelve (12) n lasting months

Exploration Period. The Exploration Period exploration period shall have a duration of last six (6) Years and three (3) Months years as of from the Effective Date and shall be divided into is split in the phases described below. The first phase of the Exploration Period shall begin on start in the Effective Date and the following next phases on in the Calendar Day immediately following the termination of the previous phase: . Phase 1 for a period of fifteen will last eighteen (1518) months Phase 2 for a period of twelve will last eighteen (1218) months Phase 3 for a period of will last twelve (12) months Phase 4 for a period of will last twelve (12) months Phase 5 for a period of twelve (12) months Phase 6 for a period of will last twelve (12) months

Exploration Period. The Exploration Period shall have a duration of six (6) will last for five Years and three (3) Months as of eight months from the Effective Date and shall be divided into the phases described below. The first phase of the Exploration Period shall begin commences on the Effective Date and the following phases on the Calendar Day immediately following termination the end of the previous preceding phase: Phase 1 for a period of fifteen lasting twenty (1520) months Phase 2 for a period of lasting twelve (12) months 12)months Phase 3 for a period of lasting twelve (12) months 12)months Phase 4 for a period of lasting twelve (12) months 12)months Phase 5 for a period of n lasting twelve (12) months Phase 6 for a period of twelve (12) months12)months