DESCRIPTION OF THE ORIGINAL CONTRACT AREA Clause Samples

DESCRIPTION OF THE ORIGINAL CONTRACT AREA. The area comprising approximately sq. km. Onshore/Offshore India identified as block described herein, falling in Basin (Category-………) and shown on the map attached as Appendix A.2 (“Map of the Original Contract Area”). Longitude and Latitude measurements commence at points 1,2,3………, are given below: Block Name Basin Category A. Name of the member (s) comprising the Contractor, their PI and designated Operator of the Block Name of the Company Participating Interest (%) Operator/ Member

DESCRIPTION OF THE ORIGINAL CONTRACT AREA. The area comprising approximately _sq. km. Onshore/Offshore India identified as block described herein, falling in Basin (Category- ) and shown on the map attached as Appendix A.2 (“Map of the Original Contract Area”). Longitude and Latitude measurements commence at points 1,2,3………,are given below: REVENUE COMPUTATION FOR THE PURPOSE OF COMPUTING REVENUE SHARE Particulars Method Remarks Sales Revenue for the month as per accounting statements prepared on accrual basis (A) Quantity of Crude, Gas, Condensate and other derivatives sold X Weighted Average Selling Price accounted on accrual basis of accounting, without any negative provisions or adjustments related to previous months sales Computed using the weighted average selling price at the Delivery Point ADD, Closing Stock at the end of the relevant month (B) Quantity of closing stock of each category of Petroleum in Closing Stock as per Stock Statement for the end of the month Closing Stock at the end of the month would be valued on the basis of the price realized during preceding sale for that month LESS, Opening Stock (C) carried over from previous month Value of Opening Stock Value same as that of closing stock for the previous month calculated as per (B) above for the previous month for rates applicable for that month (net of Royalty and Taxes) LESS, Taxes and Royalty (D) Applicable Royalty and any other taxes on the Quantity of Petroleum Produced and Saved for the month accrued for the month as per financial statements Royalty and Taxes if included in the Revenue Amounts above (A) and (B) and payable for the month shall be adjusted as a deduction from the Revenue Total (A+B-C-D) Revenue for the Month for the purpose of Article 12.1 of the Contract If there are no sales in any particular month, but production, the average sales price for the previous month shall be applicable for the computation of (B). If there is production for previous months but no sales, the relevant Government declared price shall apply for valuation of (B), subject to any adjustment that may be carried out based on actual sales in the immediately succeeding month. Above Revenue Calculation is subject to the provisions of Article 10 of this Contract. Revenue shall be computed at the agreed Delivery Point as per the provisions of this Contract.