Common use of SECTION EIGHT – EFFECTIVENESS Clause in Contracts

SECTION EIGHT – EFFECTIVENESS. This Consortium Agreement shall become effective on its execution date and shall remain so for 40 years or until all obligations arising from the Production Sharing Agreement are performed. The Consortium Members may terminate this Agreement, as long as they have previously reached an agreement and performed their obligations in the Production Sharing Agreement. Upon termination, the Common Assets shall be orderly settled by the Operator, and the proceeds of the sale of Common Assets not inuring to the benefit of the Contracting Party, under the Production Sharing Agreement, shall be divided between the Consortium Members according to their shares. After this Consortium Agreement is terminated, the Parties shall file a termination notice with the competent Commercial Registry. SECTION NINE – FORCE MAJEURE In case any acts or performance provided for in this Consortium Agreement are delayed, reduced, or hindered by act of God or force majeure, non-performance by the affected Consortium Member shall only be waived if the act of God or force majeure is acknowledged and declared according to the Production Sharing Agreement. SECTION ELEVEN – ARBITRATION AND GOVERNING LAW Any dispute, controversy, or demand resulting from or related to this Consortium Agreement, including any matter regarding its existence, effectiveness, or termination, shall be settled according to Section Thirty-Six of the Production Sharing Agreement. The law applicable to this Consortium Agreement is the Brazilian law.

SECTION EIGHT – EFFECTIVENESS. This Consortium Agreement shall become effective on its execution date and shall remain so for 40 forty (40) years or until all obligations arising from the Production Sharing Agreement are performed. The Consortium Members may terminate this Agreement, as long as they have previously reached an agreement and performed their obligations in the Production Sharing Agreement. Upon termination, the Common Assets shall be orderly settled by the Operator, and the proceeds of the sale of Common Assets not inuring to the benefit of the Contracting PartyParty shall, under the Production Sharing Agreement, shall be divided between among the Consortium Members according to their shares. After Upon termination of this Consortium Agreement is terminatedAgreement, the Parties shall file a termination notice with the competent Commercial Registry. SECTION NINE – FORCE MAJEURE In case any acts or performance provided for in this Consortium Agreement are delayed, reduced, or hindered by act of God or force majeure, non-performance by the affected Consortium Member shall only be waived if the act of God or force majeure is acknowledged and declared according to the Production Sharing Agreement. SECTION ELEVEN TEN – ARBITRATION AND GOVERNING LAW Any dispute, controversy, or demand resulting from or related to this Consortium Agreement, including any matter issue regarding its existence, effectiveness, or termination, shall be settled addressed according to Section Thirty-Six Five of the Production Sharing Agreement. The law applicable to this Consortium Agreement is the Brazilian law.