Common use of Variable Monthly Remuneration Clause in Contracts

Variable Monthly Remuneration. The variable monthly remuneration for the Lease shall be payable by the Lessee to the Lessor after the commencement of mining of the Minerals in the Mining Right area (the “Variable Monthly Remuneration”), and shall be calculated using the following formula: Where: rRecei eí ▇▇▇ se dta Mining Law (=) Sum of the monthly net revenue, as defined by federal tax legislation in force, earned by the Lessee as a result of the sale of products produced, sold, and invoiced by the Lessee and which are directly or indirectly derived from the exploitation of Minerals in the area covered by the Mining Right. The monthly net revenue provided for in this item shall be calculated on a cash basis and deducted exclusively from the following costs and expenses: a. cancelled sales and returns; and b. discounts granted by the Lessee for any reason, including unconditional discounts and commercial discounts of any nature; in the case of sales to parties related to or connected with the Lessee, for any reason whatsoever, only unconditional or conditional discounts provided for in this item shall be allowed if it is proven that such discounts would also be granted in transactions with unrelated or unconnected parties and if the sale price, after discounts, is compatible with the average market price in the region for each of the products produced, sold or invoiced.

Variable Monthly Remuneration. The variable monthly remuneration for the Lease shall be payable by the Lessee to the Lessor AjTendante after the commencement start of mining of the Minerals operations in the Mining Right area (the “Variable Monthly Remuneration”), and shall be calculated using the following formula: Where: rRecei eí ▇▇▇ se dta Net Revenue from the Exploitation of Mining Law Rights (=) Sum The sum of the monthly net revenue, as defined by federal tax legislation in force, earned by the Lessee as a result of from the sale of products produced, sold, and invoiced by the Lessee and which are directly or indirectly derived from the exploitation of Minerals in the area covered by the Mining RightRights area. The monthly net revenue provided for in this item shall be calculated on a cash basis and deducted exclusively from the following costs and expenses: a. cancelled sales and returns; and b. discounts granted by the Lessee for any reason, including unconditional discounts and commercial discounts of any naturekind; in the case of sales to parties related to or connected with the Lessee, for any reason whatsoever, only unconditional or conditional discounts provided for in this item shall be allowed to be deducted if it is proven that such discounts would also be granted in transactions with unrelated or unconnected unrelated parties and if the sale sales price, after discounts, is compatible with the average market price in the region for each of the products produced, sold sold, or invoiced.

Variable Monthly Remuneration. The variable monthly remuneration for the Lease shall be payable by the Lessee to the Lessor after the commencement start of mining of the Minerals operations in the Mining Right area (the “Variable Monthly Remuneration”), and shall be calculated using the following formula: Where: rRecei eí ▇▇▇ se dta Net Revenue from the Exploitation of Mining Law Rights (=) Sum The sum of the monthly net revenue, as defined by the federal tax legislation in force, earned by the Lessee as a result of from the sale of products produced, sold, and invoiced by the Lessee and which are directly or indirectly derived from the exploitation of Minerals in the area covered by the Mining RightRights. The monthly net revenue estimated in this item shall be calculated on a cash basis and deducted exclusively from the following costs and expenses: indirectly, from the exploitation of Minerals in the Mining Right area. The monthly net revenue provided for in this item shall be calculated on a cash basis and deducted exclusively from the following costs and expenses: a. cancelled sales and returns; and b. discounts granted by the Lessee for any reason, including unconditional discounts and commercial discounts of any nature; in the case of sales to parties related to or connected with the Lessee, for any reason whatsoever, only unconditional or and conditional discounts provided for in this item shall be allowed deducted if it is proven that such discounts would also be granted in transactions with unrelated or unconnected parties and if the sale price, after discounts, is compatible with the average market price in the region for each of the products produced, sold sold, or invoiced.