Common use of Premium to Participate in Exclusive Operations Clause in Contracts

Premium to Participate in Exclusive Operations. (A) Each such Non-Consenting Party shall within thirty (30) Days of the exercise of its option under Article 7.4(C), pay in immediately available funds to the Consenting Parties (in proportion to their respective Participating Interest in the Exclusive Operations in which such Non-Consenting Party is reinstating its rights) a lump sum amount payable in the currency designated by such Consenting Parties. Such lump sum amount shall be equal to such Non-Consenting Party’s Participating Interest share of all liabilities and expenses that were incurred in every Exclusive Operation relating to the Discovery (or Exclusive Well, as the case may be) in which the Non-Consenting Party desires to reinstate the rights it relinquished pursuant to Article 7.4(B) and that were not previously paid by such Non-Consenting Party.

Premium to Participate in Exclusive Operations. (Aa) Each such Non-Consenting Party shall within Within thirty (30) Days of the exercise of its option under Article 7.4(CClause 7.4(c), each such Non-Consenting Party shall pay in immediately available funds to the Consenting Parties (in proportion to their respective Participating Interest Interests in the such Exclusive Operations in which such Non-Consenting Party is reinstating its rights) a lump sum amount payable in the currency designated by such Consenting Parties. Such lump sum amount shall be equal to such Non-Consenting Party’s Participating Interest share of all liabilities and expenses expenses, including overhead, that were incurred in every Exclusive Operation Operations relating to the Discovery (Discovery, or Exclusive Wellwell, as the case may be) , in which the Non-Consenting Party desires to reinstate the rights it relinquished pursuant to Article 7.4(B) Clause 7.4(b), and that were not previously paid by such Non-Consenting Party.

Premium to Participate in Exclusive Operations. (A) Each such Non-Consenting Party shall within Within thirty (30) Days of the exercise of its option under Article 7.4(C), each such Non-Consenting Party shall pay in immediately available funds to the Consenting Parties (in proportion to lo their respective Participating Interest Interests in the such Exclusive Operations in which such Non-Consenting Party is reinstating its rights) a lump sum amount payable in the currency designated by such Consenting Parties. Such lump sum amount shall be equal to such Non-Consenting Party’s Participating Interest share of all liabilities and expenses expenses, including overhead, that were incurred in every Exclusive Operation Operations relating to the Discovery (Discovery, or Exclusive Wellwell, as the case may be) , in which the Non-Consenting Party desires to reinstate the rights it relinquished pursuant to Article 7.4(B) ), and that were not previously paid by such Non-Consenting Party.

Premium to Participate in Exclusive Operations. (A) Each such Non-Consenting Party shall within thirty (30) Days of the exercise of its option under Article 7.4(C), pay in immediately available funds to the Consenting Parties (in proportion to their respective Participating Interest Interests in the such Exclusive Operations in which such Non-Consenting Party is reinstating its rights) a lump sum amount payable in the currency (at the prevailing rate on the Day of payment) designated by such Consenting Parties. Such lump sum amount shall be equal to such Non-Consenting Party’s Participating Interest share of all liabilities and expenses that were incurred in every Exclusive Operation relating to the Discovery (or Exclusive Well, as the case may be) in which the Non-Consenting Party desires to reinstate the rights it relinquished pursuant to Article 7.4(B) and that were not previously paid by such Non-Non- Consenting Party.

Premium to Participate in Exclusive Operations. (A) Each such Non-Consenting Party shall within Within thirty (30) Days of the exercise of its option under Article 7.4(C), each such Non- Consenting Party shall pay in immediately available funds to the Consenting Parties (in proportion to lo their respective Participating Interest Interests in the such Exclusive Operations in which such Non-Consenting Party is reinstating its rights) a lump sum amount payable in the currency designated by such Consenting Parties. Such lump sum amount shall be equal to such Non-Consenting Party’s Participating Interest share of all liabilities and expenses expenses, including overhead, that were incurred in every Exclusive Operation Operations relating to the Discovery (Discovery, or Exclusive Wellwell, as the case may be) , in which the Non-Non- Consenting Party desires to reinstate the rights it relinquished pursuant to Article 7.4(B) ), and that were not previously paid by such Non-Consenting Party.