Common use of Windfall Profits Clause in Contracts

Windfall Profits. When the value of crude oil for any calendar quarter calculated in accordance with Clause 26 of the PSC exceeds United States US$ 50 per barrel FOB Mombasa (hereinafter referred to as the (“Threshold Price”) adjusted for the United States of America’s Consumer Price Index (CPI) whose Effective Date will be from the date of the contract execution then a Second Tier Amount is payable by the Contractor to the Government. Production Sharing Contract Block L16 Ministry of Energy Page 37 The Second Tier Amount will be calculated in respect of each Calendar Quarter according to the following formula: R = CSPO x 26% x (V – Threshold Price) Where;

Windfall Profits. When the value of crude oil for any calendar quarter calculated in accordance with Clause 26 of the PSC exceeds United States US$ 50 per barrel FOB Mombasa (hereinafter referred to as the (“Threshold Price”) adjusted for the United States of America’s Americas Consumer Price Index (CPI) whose Effective Date will be from the date of the contract execution then a Second Tier Amount is payable by the Contractor to the Government. Draft Production Sharing Contract Block L16 L27 Ministry of Energy Page 37 The Second Tier Amount will be calculated in respect of each Calendar Quarter according to the following formula: R = CSPO x 26% x (V – - Threshold Price) Where;

Windfall Profits. When the value of crude oil for any calendar quarter calculated in accordance with Clause 26 of the PSC exceeds United States US$ 50 per barrel FOB Mombasa (hereinafter referred to as the (“Threshold Price”) adjusted for the United States of America’s Consumer Price Index (CPI) whose Effective Date will be from the date of the contract execution then a Second Tier Amount is payable by the Contractor to the Government. Draft Production Sharing Contract Block L16 L28 Ministry of Energy Page 37 The Second Tier Amount will be calculated in respect of each Calendar Quarter according to the following formula: R = CSPO x 26% x (V – Threshold Price) Where;

Windfall Profits. When the value of crude oil for any calendar quarter calculated in accordance with Clause 26 of the PSC exceeds United States US$ 50 per barrel FOB Mombasa (hereinafter referred to as the (“Threshold Price”) adjusted for the United States of America’s Consumer Price Index (CPI) whose Effective Date will be from the date of the contract execution then a Second Tier Amount is payable by the Contractor to the Government. Production Sharing Contract Block L16 Ministry of Energy Page 37 The Second Tier Amount will be calculated in respect of each Calendar Quarter according to the following formula: R = CSPO x 26% x (V – Threshold Price) Where;

Windfall Profits. When the value of crude oil for any calendar quarter calculated in accordance with Clause 26 of the PSC exceeds United States US$ 50 per barrel FOB Mombasa (hereinafter referred to as the (“Threshold Price”) adjusted for the United States of America’s Consumer Price Index (CPI) whose Effective Date will be from the date of the contract execution then a Second Tier Amount is payable by the Contractor to the Government. Production Sharing Contract Block L16 Ministry of Energy Page 37 The Second Tier Amount will be calculated in respect of each Calendar Quarter according to the following formula: Production Sharing Contract Block 11A Ministry of Energy Page 36 R = CSPO x 26% x (V – Threshold Price) Where;