Common use of Assignment to a Non-Affiliate Clause in Contracts

Assignment to a Non-Affiliate. during Development or Production Period in case Licensee assigns in whole or in part it’s rights, privileges, duties and obliga- tions to any assignee other than an Affiliate Company of the same Licensee or member, Licensee shall pay to the Director General the sum equivalent to thirty percent (30%), valued in US Dollars, of the value of each Assignment Deal as fol- lows: The financial value to be paid by the Assignee to the Assignor; or The fi- nancial value of shares or stocks to be exchanged between the Assignor and the Assignee; or The financial commitments for technical programs; or the financial value of the reserves, to be swapped between the assignor and the assignee from the Development areas; or any other type of deal to be declared – Or an assign- ment Fee of ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Dollars (US$1,500,000.00), whichever is greater. Upon written notice to the Director General, assignee, whether Affiliate or Non-Affiliate, with participating interest in the Contract shall freely increase or decrease such interest without payment of fur- ther Assignment fees as stipulated in Article 26.5.

Assignment to a Non-Affiliate. during Development or Production Period in case Licensee assigns in whole or in part it’s rights, privileges, duties and obliga- tions to any assignee other than an Affiliate Company of the same Licensee or member, Licensee shall pay to the Director General the sum equivalent to thirty percent ten per- cent (3010%), valued in US Dollars, of the value of each Assignment Deal as fol- lows: The financial value to be paid by the Assignee to the Assignor; or The fi- nancial value of shares or stocks to be exchanged between the Assignor and the Assignee; or The financial commitments for technical programs; or the financial value of the reserves, to be swapped between the assignor and the assignee from the Development areas; or any other type of deal to be declared – Or an assign- ment Fee of ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Dollars (US$1,500,000.00), whichever is greater. Upon written notice to the Director General, assignee, whether Affiliate or Non-Affiliate, with participating interest in the Contract shall freely increase or decrease such interest without payment of fur- ther Assignment fees as stipulated in Article 26.5.