February 2003 Sample Clauses

February 2003. 5.16417683

February 2003. 35,488,903.84 February 2006............... 37.13 March 2003......................... 32,970,862.93 March 2006.................. 25.10

February 2003. For Petroleum Geo-Services ASA Jens Ulltveit-Moe (signed) Svein Rennemo (signed) Chairman of the Board XXX/Xxxup Managing Director True translation certified Government Authorized Translator

February 2003. 13.53544593 May 2000.......... 90.

February 2003. If any of the parties want to end or continue the contract at the ending date, a written notification should be made to the other party with a minimum of 90 days in advance. THIRD - PRICE "GRIFXXXX XXXRO SCIENCE" will pay to "AZABX" xx monthly payment for rent of the property described in the First Clause, the amount of ------------------------ $102,603.16 (A HUNDRED AND TWO THOUSAND SIX HUNDRED AND THREE 16/100 MEXICAN PESOS) plus the I.V.A. (Value Added Tax or other tax determined). The amount should be covered as advanced monthly payments within the first ten (10) days of each month, against the submission of the legal receipt that should cover all the applicable fiscal regulations. The rent would include natural months and it should be covered completely, even when the property is in use for periods less than a month. FOURTH - PRICE INCREASE Once the first twelve months of rent have passed, the monthly rent that "GRIFXXXX XXXRO SCIENCE" would pay to "AZABX", xccording to the previous clause, will increase 100% the percentage of inflation determined by Banco de Mexico, S.A., according to the General Price Index to the Consumer. In the case that the mentioned index is not longer used or published, the substitute index will be considered. It is understood that if a drastic change in the economic situation of the country (excessive inflation, devaluation of the peso, etc.) takes place, it will cause the revision of the rent price. FIFTH - PENAL CLAUSE If the rented property is not vacant by the end of this contract, the lessee should pay, as monthly rent, the equivalent payment paid at the fifth year of this contract plus 150% (A HUNDRED AND FIFTY PERCENT) of the inflation percentage of the previous year. This last rent will rule for the sixth year and the next years. If the lessee continues, automatic increases similar to the mentioned in the first paragraph will take place. All of the above will be applicable, unless a new contract is settled and signed. SIXTH - SERVICES "GRIFXXXX XXXRO SCIENCE" should pay and contract on its own and change the electric power needed to perform its activities. Also, "GRIFXXXX XXXRO SCIENCE" will cover the charges for water consumption. "GRIFXXXX XXXRO SCIENCE" receives from "AZABX" xxur telephone lines, which should be returned free of debts when the property is vacant. The telephone numbers are: 872-00-00, 002-00-00, 002-00-00 xxx 872-00-00.