Common use of Social Projects Clause in Contracts

Social Projects. The Contractor commits to undertake social projects during each phase of the Exploration Period valued at a minimum of the amounts below: - Phase I: Three Hundred Thousand United States dollars per year (U.S $300,000) for a total of ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ dollars (U.S $1,200,000); - ▇▇▇▇▇ ▇▇: ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ dollars per year (U.S $500,000) for a total of One Million United States dollars ((U.S $1,000,000); - Phase III: Four Hundred Thousand United States dollars per year (U.S $ 400,000) for a total of Eight Hundred Thousand United States dollars (U.S $800,000). If Petroleum is produced from the Contract Area, the Contractor shall undertake additional social projects according to the following schedule:

Social Projects. The Contractor commits to undertake social projects during each phase of the Exploration Period valued at a minimum of the ofthe amounts below: - Phase I: Three Hundred Thousand United States dollars per year (U.S $300,000) for a total of ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ dollars (U.S $1,200,000); - ▇▇▇▇▇ ▇▇: ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ dollars per year (U.S $500,000150,000) for a total of One Million Six Hundred Thousand United States dollars ((U.S $1,000,000600,000); - Phase III11: Four Two Hundred Thousand United States dollars per year (U.S $ 400,000$200,000) for a total of Eight Four Hundred Thousand United States dollars (U.S $800,000400,000); Phase III: Two Hundred Thousand United States dollars per year (U.S $200,000) for a total ofFour Hundred Thousand United States dollars (U.S $400,000). If Petroleum is produced from the Contract Area, the Contractor shall undertake additional social projects according to the following schedule:: Cumulative Production (millions of BarreIs or Value (US$ million) of Project